STOCKS NEWS EUROPE-Amec falls after update

Shares in Amec (AMEC.L) fall as much as 4.7 percent after the energy services provider says trading is in line although its order book is down slightly from the half-year point.

Seymour Pierce moves to "hold" from "buy" on the stock, saying it is awaiting the next phase of the company's regeneration, for which a new plan is due to be announced on Dec 4.

"The low hanging fruit has nearly all been picked and we await the announcement of the new strategy for the next phase," the broker says.

Shares in the company have gained over 75 percent so far this year.

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Reuters messaging rm://victoria.bryan.thomsonreuters.com@reuters.net