STOCKS NEWS EUROPE-Kewill up on results, fund raising

Shares in Kewill (KWL.L) gain 4.3 percent after the software firm unveils a 48 percent rise in first-half pretax profit, increases its dividend and says it will raise 7.5 million pounds through a placing to fund future acquisitions.

"The company has held its ground well in a difficult market environment and closed some good sized deals," Investec Securities says in a note.

"We see our forecasts as well underpinned considering the high degree of sales visibility and stable pipeline," it says, repeating its "buy" rating and 115 pence target for the firm.

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