STOCKS NEWS EUROPE-Spice rises on FY profit, outlook

Shares in Spice (SPI.L) rise as much as 6.6 percent after the utility support services group meets expectations with a 58 percent rise in full-year profit.

Spice, which on Monday acquired Australian telecoms firm ComGroup for 6.9 million pounds, says its exposure to growing markets would help it through the tough economic climate.

"Proactive restructuring is minimising risk. The outlook remains positive, driven by the exposure to non-discretionary and regulated spend, rising barriers to entry, increasingly technical solutions and further cross selling potential," says KBC analyst Andrew Nussey, who maintains a "buy" rating on the group.

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Reuters messaging rm://rhysl.jones.reuters.com@reuters.net