In Brief

   *Computer Modelling split 2 for one but it isn't showing on our Model Portfolio because of technical support issues the publisher will not deal ewith. It trades here as CMDXFand in Canada as CMG; I am blogging short to protest the mess tech has imposed on the model portfolio and suggest you complain tool

   *Citi raised its estimat for GSK to $13.25/s from 12.5. Its 08/09 flu shot was approved by the FDA.

   *Ternium reported a 132% rise in net profits to pesos 1.58 mn or $498.9 mn inQ2. This is $2.07/sh well ahead of estimates. TX expects lower margins sequentialy this quarter, however.

    *Bonus share Ormat, a US geothermal firm owned by Israelis, reported net up 42% to $12.2 mn.

  *Bancassurance is dead. Barclays sold its insrance arm at last for GBP 750 mn toSwiss Re' it had beenon the block for ages. BCS

     *Citi did its World Radar Screem which tipped Yara for materials in Europe. YARiY.PK and Santander for Euro financials. STD,, It likes SBS Saneamento Basico de Sao Paulo among utes. sBS

      However it dislikes Johnson Matthey (JMPLY.PK) and Computershare(CMSQF.PK) and Veolia (VE)  which are now holds untilI getback to the USA and can deal with portfolio things.(I am in Paris nowwhichis why I cannot get the CTO to work on  the model  portfolio).