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Thursday 05 November, 2009

05-Nov-2009 12:04 PM

Smart reports first-ever loss

Property group J Smart reported its first-ever loss, moving from a previous profit of £5.87m to a deficit of £1.21m for the year to July. Underlying profit before tax, excluding property revalution and sales, was £4.47m against the previous £8.53m. Gr...
05-Nov-2009 12:03 PM

UK QE raised by £25bn

As widely predicted, the BoE MPC today elected to keep UK interest rates on hold but raised QE £25bn. UK interest rates have remained at 0.5% since March. At the same time the bank announced that it would increase the size of the Asset Purchase Programm...
05-Nov-2009 12:00 PM

Market Movers - Top risers and fallers at 12:00

FTSE 100 TESCO ORD 5P 415.85 1.67% RENTOKIL INITL. ORD 1P 110.40 1.47% BT GROUP ORD 5P 135.50 1.42% AMEC ORD 50P 834.00 ...
05-Nov-2009 12:00 PM

Economic Events - Month Ahead Events

Economic Events 6/11/2009 09.30 UK PPI 6/11/2009 13.30 US Average earnings 13.30 US Non farm payrolls 13.30 US Unemployment 9/11/2009 UK NIESR GDP Estimate EU German Trade Balance EU French Gov Budget Balance EU German Industri...
05-Nov-2009 12:00 PM

Economic Events - This Week's Events

Economic Events 6/11/2009 09.30 UK PPI 6/11/2009 13.30 US Average earnings 13.30 US Non farm payrolls 13.30 US Unemployment 9/11/2009 UK NIESR GDP Estimate EU German Trade Balance EU French Gov Budget Balance EU German Industri...
05-Nov-2009 12:00 PM

Economic Events - Tomorrow's Events

Economic Events 6/11/2009 09.30 UK PPI 6/11/2009 13.30 US Average earnings 13.30 US Non farm payrolls 13.30 US Unemployment For more Economic Events, visit the Forward Diary Stor...
05-Nov-2009 11:56 AM

Quadnetics warns over American contract delays

Surveillance technology Quadnetics has cut its profits forecast for the year to May 2010 as a result of delays to contracts worth around £1.2m. With the exception of the North American gaming surveillance market, trading so far this year has been in lin...
05-Nov-2009 11:45 AM

Collectibles demand boosts Noble earnings

Coin and stamp dealer Noble Investments reported a 19% rise in EBITDA to £2.08m for the year to August, on revenue of £12.1m up from the previous £10.1m. The company raised its total dividend 20% to 3p from 2.5p. Noble said strong retail sales were led...
05-Nov-2009 11:35 AM

Portland Gas raises £2.5m in placing

Portland Gas has raised £2.5m before expenses via an instituional placing at 100p per share. The net proceeds will be applied to fund activity on the Portland and Islandmagee projects, redeem a debenture issued to Hydrock and fund G&A expenditure. ...
05-Nov-2009 11:32 AM

Amiad to acquire Arkal Filtration Systems

Water filtration group Amiad has agreed non-binding terms to acquire Arkal Filtration Systems from Kibbutz Beit Zera and Bermad Industries. The consideration, in cash and shares, is to be finalised on closing the transaction. Story provided b...
05-Nov-2009 11:30 AM

Market Movers - Top risers and fallers between 10:00 and 11:00

Overall Market ACP MEZZANINE ORD NPV 0.18 14.52% SYNCHRONICA ORD 1P 4.13 13.79% BEZANT RES ORD 0.2P 21.75 8.75% SIRIUS EXPLORE ORD 0.25P 7.75 ...
05-Nov-2009 11:28 AM

Morning broker moves round-up

Logica upgraded to neutral from sell at UBS, target price rising to 130p from 120p. Also upgraded to outperform from underperform at Cheuvreux with 145p target price. Electrocomponents upgraded to neutral from sell at UBS, target price rising to 155p fro...
05-Nov-2009 11:12 AM

Wincanton holds interim divi as H1 profit falls

Logistics group Wincanton reported a 15.9% fall in underlying PBT to £18m for the six months to September on revenue down 9.9% to £1.08bn. The company held its interim dividend at 4.83p. CEO Graeme McFaull said Wincanton remained on track to deliver a f...
05-Nov-2009 11:00 AM

Spice trading in line for first half

Utility support services group Spice reports overall trading for the period to 31 October was in line with its expectations. Spice says conditions within the group's utility markets continue to be positive and EBITA cash conversion for the first half of...
05-Nov-2009 11:00 AM

Market Movers - Top risers and fallers at 11:00

FTSE 100 TESCO ORD 5P 417.30 2.03% BT GROUP ORD 5P 136.00 1.80% VODAFONE GRP. ORD USD0.11 3/7 137.75 1.29% WPP ORD 10P 558.50 ...
05-Nov-2009 10:42 AM

Titanium appoints Braverman as director

Titanium Asset Management has appointed Ron Braverman as a director. Mr. Braverman has been appointed by Clal Finance Ltd, Titanium's largest shareholder, pursuant to the terms of the certificate of incorporation of the Company. Story provided...
05-Nov-2009 10:39 AM

Hutchison China successful drug trial

Chinese healthcare group, Hutchison China MediTech says that its subsidiary Hutchison MediPharma has completed its 223-patient global Phase IIb clinical trial of HMPL-004 in patients with mild-to-moderate active Ulcerative Colitis (UC), a form of Inflamm...
05-Nov-2009 10:30 AM

Centaur bid or shut up by 7 December

Trade publisher, Centaur Media has successfully sought a ruling from the Takeover Panel requiring Critical Information to confirm by 7 December 2009 whether it intends to make a bid for the Company. Story provided by Business Financial Newswire...
05-Nov-2009 10:30 AM

Market Movers - Top risers and fallers between 09:00 and 10:00

Overall Market 1PM ORD GBP0.0006818 0.20 32.26% SYNCHRONICA ORD 1P 4.13 13.79% SURGICAL INNOV. ORD 1P 1.45 9.43% JOURNEY GRP ORD 1P 3.13 ...
05-Nov-2009 10:29 AM

Quintain Estates NAV up 2.2% in first half

Quintain Estates reported adjusted NAV up 2.2% to 413p for the six months to September. Gross assets were stable at £1.2bn, with a marginal increase of 1.7% in the valuation of the group's property assets. Gross profit fell 6.3% to £14.1m from £15.1...
05-Nov-2009 10:24 AM

China Real Estate disposal

China Real Estate Opportunities has disposed of 1.052m units (0.23%) in RREEF China Commercial Trust, a Hong Kong listed Real Estate Investment Trust, at an average price of HKD2.98 per unit. Following these sales, the Company has a holding of 32.419m...
05-Nov-2009 10:19 AM

European retail sales drop 0.7% in September

European retail sales fell by 0.7% in September 2009 in the Euro16 area and and by 0.4% in the Euro 27 states. In August, the month-on-month fall was 0.1% and 0.3% respectively. Compared with a year ago, retail sales in September 2009 were 3.6% low...
05-Nov-2009 10:07 AM

Red24 pays maiden dividend

Red24 reported a 17% rise in first-half profit before tax to £0.23m, on revenue up 16% to £1.87m. The security and training provider declared a maiden dividend of 0.15p per share. The company said cash flow had continued to be positive and it had repaid...
05-Nov-2009 10:01 AM

Mallett ahead of its expectations

Turnover and operating profit at antique furniture and art dealer Mallett are ahead of expectations although lower than last year. It said trading conditions appear to be improving gradually although the improvement is fragile and it continues to be c...
05-Nov-2009 10:00 AM

Market Movers - Top risers and fallers at 10:00

FTSE 100 VODAFONE GRP. ORD USD0.11 3/7 138.05 1.51% TESCO ORD 5P 414.70 1.39% MARKS & SP. ORD 25P 366.40 1.36% BT GROUP ORD 5P 135.40 ...