TheChek News Flow

* Saipem Upgraded to Hold at Fidentiis Equities

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* British Land Downgraded to Reduce at AlphaValue

* Hammerson Downgraded to Reduce at AlphaValue

* Headlam Downgraded to Hold at Peel Hunt

* Klepierre Downgraded to Reduce at AlphaValue

* Land Sec. Downgraded to Reduce at AlphaValue

* Mercialys Downgraded to Reduce at AlphaValue

* Telenor Cut to Hold at SEB Equities; Price Target 175 Kroner

* Telia Downgraded to Hold at SEB Equities; Price Target 45 Kronor

* Wereldhave Downgraded to Reduce at AlphaValue

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