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Thursday 12 August, 2010

12-Aug-2010 02:35 PM

Commonwealth Bank of Australia net profits up

The Commonwealth Bank of Australia's statutory net profit after tax for the year to the end of June rose by 20% to $5,664m. Cash net profit after tax for the year was $6,101m, an increase of 42%. Cash return on equity for the year ended 30 June w
12-Aug-2010 02:30 PM

Market Movers - Top risers and fallers between 13:00 and 14:00

Overall Market EUROPEAN CONV. ORD EUR1.00 0.02 12.50% 1PM ORD GBP0.0006818 0.05 5.88% PINNACLE TELE ORD 0.1P 0.31 5.08% MINERVA ORD 25P 91.50
12-Aug-2010 02:26 PM

Caledonia Mining revenues rise

Second quarter revenues at Caledonia Mining Corporation rose to C$4.15m - up from C$2.36m a year ago. First half revenues rose to C$8.64m from C$2.36m The firm reports second quarter gross operating profits of $1.26m and a net profit from continuing op
12-Aug-2010 02:19 PM

AngloGold Ashanti headline earnings more than double

AngloGold Ashanti's second quarter adjusted headline earnings more than doubled to $129m. The firm said this followed lower costs and a strong increase in production from its mines in South Africa and the Americas. Chief executive Mark Cutifani sa
12-Aug-2010 02:09 PM

Aegon underlying earnings jump

Life and pensions firm Aegon posts strong second quarter results with an increase in underlying earnings and net income. Underlying earnings before tax increased to €522m - up 7% on the previous three months and 26% up on last year - while impairmen
12-Aug-2010 02:00 PM

Market Movers - Top risers and fallers at 14:00

FTSE 100 CENTRICA ORD 6 14/81P 326.80 2.22% GLAXOSMITHKLINE ORD 25P 1185.50 1.72% RANDGOLD RES. ORD $0.05 5540.00 1.37% CAIRN ENERGY ORD 8/13P 450.90
12-Aug-2010 01:57 PM

Titanium Asset Management losses narrow

Titanium Asset Management Corporation posts a first half net loss of $2,086,000 - down from $2,736,000 last time. The net loss in the second quarter fell to $816,000 - down from $1,195,000 a year ago. Operating revenues for the six months to the end
12-Aug-2010 01:44 PM

Global Investment House losses narrow

Kuwait-based Global Investment House posts an overall net loss of KD34.4m for the six months to the end of June - down from KD98.6m last year. Fee-based businesses - asset management, investment banking and brokerage - generated operating income of KD12.
12-Aug-2010 01:38 PM

US initial jobless claims rise to 484,000

US initial unemployment claims rose to 484,000 in the week ending 7 August, the US Department of Labor said today (12 August). This is an increase of 2,000 from the previous week's revised figure of 482,000. The four-week moving average was 473,50
12-Aug-2010 01:34 PM

US import prices rise

US import prices increased 0.2% in July, the US Bureau of Labor Statistics reported today (12 August). This follows declines in each of the two previous months. The advance was led by higher fuel prices, which more than offset a second consecutive drop
12-Aug-2010 01:30 PM

Market Movers - Top risers and fallers between 12:00 and 13:00

Overall Market SPEYMILL DEUT. EUR0.05 0.06 4.42% MATRA ORD 0.1P 1.58 3.28% CITY LON.GRP ORD 10P 89.50 2.87% DANA PETROLEUM ORD 15P 1612.00
12-Aug-2010 01:26 PM

KNOC disappointed by Dana board rejection

Korea National Oil Corporation is disappointed its indicative 1800p per share proposal for Dana Petroleum is not seen as fair value by the Dana board. KNOC says its view on value is based on a very detailed analysis of Dana and takes into account all of
12-Aug-2010 01:20 PM

UBM takes over Route Development Group

United Business Media has acquired The Route Development Group for £8m in cash and a further deferred consideration of up to £1.3m payable over the next two years. UBM says the deal extends UBM Aviation's global events footprint with a business whic
12-Aug-2010 01:11 PM

Carnival orders new ship for AIDA

Carnival Corporation has ordered a 71,300-ton cruise ship for its AIDA Cruises brand, which caters exclusively to the German-speaking market. The 2,192-passenger vessel, which will be built at Germany's Meyer Werft at an approximate all-in cost of
12-Aug-2010 01:07 PM

Engel renegotiates JV terms

Residential property developer Engel East Europe has renegotiated its joint venture agreement with a fund managed by Heitman in respect of ENMAN which holds some of the group's interests in its projects in eastern Europe. The main terms of the amen
12-Aug-2010 01:01 PM

Broker moves round-up

Ferrexpo started with buy rating at Goldman Sachs, target price 400p. Hampson cut to hold from buy at Investec, target lowered to 40p from 66p. Hiscox downgraded to neutral from buy at Goldman Sachs, target stays 400p. International Power downgraded to
12-Aug-2010 01:00 PM

Market Movers - Top risers and fallers at 13:00

FTSE 100 GLAXOSMITHKLINE ORD 25P 1188.50 1.97% SABMILLER ORD $0.10 1902.00 1.96% CAIRN ENERGY ORD 8/13P 453.40 1.93% VODAFONE GRP. ORD USD0.11 3/7 153.65
12-Aug-2010 12:30 PM

Market Movers - Top risers and fallers between 11:00 and 12:00

Overall Market CLEARDEBT GRP ORD 0.5P 1.70 7.94% ARK THER GRP ORD 1P 4.68 7.34% SOCIALGO ORD 1P 1.38 5.77% GOLD OIL ORD 0.025P 3.09
12-Aug-2010 12:23 PM

Cairn Energy names Vedanta as party to talks

Oil and gas company Cairn Energy has named Vedanta Resources as the party with which it is discussing a possible disposal of an interest in Cairn India. The group, whose earlier statement followed media speculation, said a further announcement would be m
12-Aug-2010 12:19 PM

Crosby Asset Management to vote on disposal

Crosby Asset Management reported first-half profit before tax of $1.65m, against a previous loss of $9.07m. CAM announced a conditional sale and purchase agreement with Crosby Capital Limited in June regarding the potential disposal of its operating busi
12-Aug-2010 12:04 PM

Kerry Group confirms €33m offer for Newmarket Creameries

Irish foods group Kerry has confirmed its offer to acquire Cork-based Newmarket Co-operative Creameries for €421 per share, valuing it at about €33m. Kerry CEO Stan McCarthy said:, 'Kerry has market-leading cheese technology capability an
12-Aug-2010 12:00 PM

Market Movers - Top risers and fallers at 12:00

FTSE 100 VODAFONE GRP. ORD USD0.11 3/7 154.50 2.49% SABMILLER ORD $0.10 1910.50 2.41% DIAGEO ORD 28 101/108P 1117.00 1.92% CENTRICA ORD 6 14/81P 325.80
12-Aug-2010 12:00 PM

PLUSquoted Market Movers - Top risers and fallers at 12:00

PLUS Market Quercus Publishing plc 100.50 23.31% U.S. Oil and Gas plc 10.25 2.50% One Media Publishing Group plc 2.05 -8.89% Story provided by
12-Aug-2010 11:56 AM

Serco preferred bidder for £650m Sandwell contract

Service company Serco has been appointed by Sandwell Metropolitan Borough Council as preferred bidder for a £650m environmental services contract. It will provide refuse collection, recycling and street cleaning services, and deliver waste processing and
12-Aug-2010 11:53 AM

Henry Boot interims date

Construction group Henry Boot will announce its results for the six months ended June 30 on Thursday, August 26. Story provided by