European Stocks to Watch: Filtrona

Filtrona, the British plastic and fiber products supplier, gained 5.69% Monday after reporting that it has delivered strong underlying organic performance and its acquisition of adhesive products company Duraco is expected to boost growth.

In the first quarter of 2007, the company delivered an encouraging performance with the underlying organic growth rate ahead of last year, Filtrona reported in a trading statement.

The company also said that the movement of the U.S. dollar had reduced its reported growth towards historical rates.

Cable & Wireless (up 4.14%) The British telecom group on Monday played down reports it was considering a breakup, saying talk that it was looking to spin off its businesses was premature. According to the Observer newspaper, C&W was considering a breakup via separate sales of its British and international businesses to private equity groups or foreign rivals.

Suez(up 1.50%) The French energy group was upgraded by Citigroup to "buy" from "hold" and raised it’s price target to 47 euros ($63.9) from 41 euros ($55.8).

Continental (up 1.49%) The German tire producer could spend billions of euros on an acquistion, Chief Financial Officer Alan Hippe said in an interview published in the Frankfurter Allgemeine Sonntagszeitung on Sunday.