UPDATE 1-Continental may delay or cancel junk bond -sources


* Weak demand prompts rethink of junk bond options * If sold, bond volume would likely be halved to 1 bln euros * Continental share price up 1.7 pct, leads index (Adds background, share price) HANOVER, Germany, Jan 29 (Reuters) - German car parts maker Continental AG is facing scant demand for a planned high-yield bond and might postpone or cancel the issue, sources familiar with the situation said on Friday. "Our plan was to get the bond done by Feb. 12. But if the conditions are ...

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