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Recent News

Monday 06 December, 2010

06-Dec-2010 01:33 PM

Innovise takes over IP assets of Pivetal

Software solutions and IT services provider Innovise has acquired the intellectual property assets of Pivetal, which was recently placed into liquidation. A new business unit is being formed within Innovise's existing enterprise service management
06-Dec-2010 01:30 PM

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

Overall Market EDENVILLE ORD 0.02P 1.12 28.57% MERCHANT HSE ORD 0.01P 0.15 24.00% RARE EARTH MIN ORD 0.01P 0.57 20.00% PLASTICS CAP. ORD 1P 74.50
06-Dec-2010 01:22 PM

Broker moves round-up

Abcam downgraded to hold from buy at KBC Peel Hunt, target price stays 360p. Aegis raised to buy from hold at Panmure Gordon, target upped to 160p from 150p. Cobham downgraded to neutral from buy at BA-Merrill Lynch, target price cut to 215p from 270p.
06-Dec-2010 01:20 PM

IPSA unit faces £4m claim by Sasol Gas

Southern Africa power firm IPSA ism facing a £4m claim by Sasol Gas under a supply agreement which was terminated in August 2009. The claim by South Africa's monopoly gas-producer and primary supplier of gas is against IPSA's wholly-owned sub
06-Dec-2010 01:07 PM

SeaEnergy Renewables wins best new business award

SeaEnergy's 80%-owned subsidiary, SeaEnergy Renewables, has won the best new business category at the Green Energy Awards, held by Scottish Renewables. The awards, hosted at Edinburgh's International Conference Centre, took place on 2 December
06-Dec-2010 01:04 PM

Imperial Tobacco sales and marketing director to retire

Imperial Tobacco group sales and marketing director Graham Blashill will retire at the conclusion of the company's annual general meeting on 2 February. Blashill has held a number of senior positions during his 42-year career with the company, inclu
06-Dec-2010 01:00 PM

Market Movers - Top risers and fallers at 13:00

FTSE 100 CAPITA GROUP ORD 2.066666P 662.50 4.25% XSTRATA ORD USD0.50 1435.00 3.24% BG GRP. ORD 10P 1263.00 2.31% TULLOW OIL ORD 10P 1205.00
06-Dec-2010 12:59 PM

Software Radio boosts order book

Marine communications specialist Software Radio Technology plc said it has received a repeat order from an existing customer worth about $0.9m. The order increases SRT's order book value to $8.1m, most of which is expected to be delivered within the
06-Dec-2010 12:55 PM

Nyota starts drilling on Ethiopian prospects

Nyota Minerals Limited has started an initial 2,000m regional diamond drilling programme for its Ethiopian Billa-Guliso and Yubdo exploration license areas. The programme will initially focus on several high-grade gold targets and will be undertaken wit
06-Dec-2010 12:49 PM

May Gurney wins max £62m Severn Trent contract

Infrastructure support services company May Gurney Integrated Services Plc has been awarded a Severn Trent Water maintenance contract valued at up to £62m. The contract period is for five years with an option to extend for a further five. In addition,
06-Dec-2010 12:47 PM

Orang oil prices boost Treatt

Flavourings and fragrances group Treatt plc reported a 29% rise in pre-tax profit to £4.5m from £3.5m for the year to September 30, on revenue up 12% to £63.3m spurred by strong orange oil prices. Operating profit was up by 26% to £4.9m after currency m
06-Dec-2010 12:33 PM

Porvair to beat FY expectations

Filtration and environmental technologies group Porvair plc said it will report results ahead of expectations for the year to November 30, due on January 25. The group said it continued to trade well in the final quarter of 2010. Revenues for the year
06-Dec-2010 12:30 PM

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

Overall Market RARE EARTH MIN ORD 0.01P 0.53 20.69% PLANT IMPACT ORD 1P 21.00 10.53% HERENCIA ORD 0.1P 2.15 9.41% MINOAN ORD 1P 17.75
06-Dec-2010 12:19 PM

Plastics Capital H1 PBT up 40% on strong turnover growth

Niche plastics products manufacturer Plastics Capital plc reported a 40.4% rise in first-half profit before tax to £2.1m from £1.5m. Revenue for the six months to September was £16.3m, a 26.5% rise on the previous £12.9m. Adjusted EPS rose to 7p from 4.
06-Dec-2010 12:07 PM

Sirius Real Estate claims strong H1 sales

German-focused Sirius Real Estate Limited claimed a strong first-half sales performance, with new lettings of 87,078 sqm signed in the period to September 30, up from 45,283 sqm in 2009. It said the German market was stable, with SMEs performing well, r
06-Dec-2010 12:00 PM

Market Movers - Top risers and fallers at 12:00

FTSE 100 CAPITA GROUP ORD 2.066666P 656.50 3.30% XSTRATA ORD USD0.50 1426.00 2.59% COMPASS GROUP ORD 10P 585.50 2.09% ROLLS-ROYCE ORD 20P 639.50
06-Dec-2010 12:00 PM

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

PLUS Market Barclays Bank plc 30.00 20.00% Sheba Exploration (UK) plc 2.15 13.16% Geo Genesis Group Ltd 4.75 11.76% Story provided by StockMarketWire.com...
06-Dec-2010 11:51 AM

Hangar 8 to establish Indian base

Private jets operator Hangar 8 plc has entered an agreement to base a Cessna Citation XLS plane in Mumbai. The company said it believes the Indian market is now mature enough for the location of company aircraft in the region. Operations will be for bo
06-Dec-2010 11:43 AM

Randgold says C�te d'Ivoire mine operating normally

Mining group Randgold Resources Limited said today its recently commissioned Tongon mine in the north of C�te d'Ivoire was operating normally but it was closely monitoring the political and security situation in the country. Both the incumbent presi
06-Dec-2010 11:32 AM

Turbotec revenue up 26% in first half

Heat exchangers and heat transfer tubing manufacturer Turbotec Products plc reported a pre-tax profit of $1.22m for the six months to September, up from $0.92m. Revenue rose 25.8% to $12.2m from $9.7m. The company said this was partly a result of US go
06-Dec-2010 11:30 AM

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

Overall Market SPEYMILL ORD 1P 7.25 48.72% OILEX ORD NPV 23.00 12.20% ACTIVE ENERGY ORD 1P 4.12 10.00% ENFIS GROUP ORD 10P 12.50
06-Dec-2010 11:16 AM

Plant Impact H1 dented by BugOil approval delays

Crop nutrition and protection products developer Plant Impact plc reported a pre-tax loss of £1.17m for the six months to September 30, up from £0.89m. Turnover fell to £0.64m from £0.97m. Chairman Martin Robinson said the decrease was due to delays in
06-Dec-2010 11:00 AM

Market Movers - Top risers and fallers at 11:00

FTSE 100 XSTRATA ORD USD0.50 1428.50 2.77% TULLOW OIL ORD 10P 1198.00 1.70% ROLLS-ROYCE ORD 20P 637.50 1.59% BURBERRY GRP ORD 0.05P 1096.00
06-Dec-2010 10:49 AM

Quadnetics hit by delays in final months of year

Surveillance technology and security networks provider Quadnetics Group plc said it had been frustrated by supply chain and customer delays. In its pre-close update, the group said that after a strong performance in the six months to end-May, trading in
06-Dec-2010 10:41 AM

Anglo American completes Skorpion $707m sale

Anglo American has completed the sale of its Skorpion zinc mine in Namibia to Vedanta Resources for $707m cash. The Group originally announced the sale of its Zinc portfolio to Vedanta on 10 May 2010, for a total consideration of $1,338m. Due to the re