News Burst: Analysts sing C&W's praises

Shares in British-based Cable & Wireless rose in early trade on Thursday after several analysts, including Goldman Sachs, raised their ratings on the company. The shares dipped Wednesday amid investor caution over the company's strategy of refocusing on global corporate Internet and data services.

By mid-morning C&W shares were up about 62 to about 728p. Goldman Sachs said Thursday morning it raised its investment rating on the company to "trading buy" from "market performer".

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