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Tuesday 11 January, 2011

11-Jan-2011 05:00 PM

Market Movers - Top risers and fallers at 17:00

FTSE 100 WOLSELEY ORD 10P 2179.00 5.93% CAIRN ENERGY ORD 8/13P 455.30 5.54% BARCLAYS ORD 25P 292.00 5.53% LON.STK.EXCH ORD SHS 6 79/86P 906.00
11-Jan-2011 05:00 PM

PLUSquoted Market Movers - Top risers and fallers at 17:00

PLUS Market Chemistry Communications Group plc 14.25 11.76% Mears Group plc 312.38 11.56% General Industries plc 16.50 6.45% Silvanus One plc 0.38
11-Jan-2011 04:30 PM

Sportech lodges appeal over VAT repayment

Sportech has lodged an appeal over its claim for the repayment of VAT. The firm submitted a claim in April 2009 for the repayment of VAT overpaid in respect of the 'Spot the Ball' game from 1979 to 1996. for the repayment of VAT overpaid in
11-Jan-2011 04:30 PM

Market Movers - Top risers and fallers between 15:00 and 16:00

Overall Market VERDES MANAGE ORD 0.1P 3.20 15.32% ALEXANDER MIN ORD 10P 14.50 11.54% I-DESIGN ORD 10P 23.50 9.30% F.T.S.-FORMULA ORD NPV 32.00
11-Jan-2011 04:25 PM

LSE blames 'human error' for crash

The London Stock Exchange has confirmed that human error was to blame for the crash of its Turquoise trading platform in November. The LSE originally cited 'suspicious circumstances' and partly blamed the incident for its decision to postpone a
11-Jan-2011 04:17 PM

UK makes it illegal to own uninsured cars

The UK Government is stepping up its campaign against uninsured drivers by making it an offence to own, as well as drive, an uninsured car. Under new powers which come into force in the spring, the DVLA will work in partnership with the Motor Insurers&
11-Jan-2011 04:12 PM

US report calls for major offshore drilling reforms

Wide-ranging changers are needed to prevent a repeat of the Gulf of Mexico oil spill, according to a report by a US presidential commission says. Panel co-chairman William Reilly says none of the "major aspects of offshore drilling safety - not the
11-Jan-2011 04:00 PM

Market Movers - Top risers and fallers at 16:00

FTSE 100 WOLSELEY ORD 10P 2188.00 6.37% CAIRN ENERGY ORD 8/13P 457.40 6.03% BARCLAYS ORD 25P 289.85 4.75% INVENSYS ORD 10P 364.90
11-Jan-2011 03:45 PM

Pension funds urged not to ignore short-term events

Pension funds have been warned not to ignore short-term events. Research by investment adviser and fiduciary manager Cardano suggests that poor short-term investment returns could cause terminal funding problems, even if in the long term returns are very
11-Jan-2011 03:37 PM

Fyffes expects 2010 earnings to be ahead of previous target

Fresh fruit and produce importer Fyffes expects 2010 earnings to be ahead of its previous target. Fyffes expects its adjusted EBITA for 2010 to be in the range €19m-€20m, compared to the €14m-€18m previously indicated. It said banan
11-Jan-2011 03:32 PM

Amlin NZ quake loss estimate more than doubles

Specialist international insurer Amlin has more than doubled its estimate of claims from the New Zealand earthquake on 4 September to US$160m. Amlin says the revised estimate is principally driven by the increase of the range of insured loss estimates fo
11-Jan-2011 03:30 PM

Market Movers - Top risers and fallers between 14:00 and 15:00

Overall Market HOT TUNA ORD 0.01P 0.31 82.35% PENTAGON PROT. ORD 0.1P 0.20 11.43% RESOURCES IN ORD 0.1P 1.07 10.26% SIRIUS MINERALS ORD 0.25P 15.50
11-Jan-2011 03:28 PM

X5 Retail to hold EGM

X5 Retail Group will hold an extraordinary general meeting on the appointment of Kieran Balfe as CFO and member of the management board for a four year term. The meeting will be held at Parkstraat 20, 2514 JK The Hague, The Netherlands at 11.00 a.m. CET
11-Jan-2011 03:19 PM

OFT clears Asda-Co-op stores deal

The Office of Fair Trading has cleared Asda's deal with the Co-operative Group. The OFT has decided not to refer the anticipated acquisition by Asda of stores in Benwell, Tottenham and Maesteg and the completed acquisition of one store in Newquay fr
11-Jan-2011 03:15 PM

OFT extends period for One Stop Stores-Mills Group deal

The Office of Fair Trading has extended the period for considering the anticipated acquisition of 77 stores from Mills Group by Tesco subsidiary One Stop Stores. The period has been extended by 10 working days and will now expire on 1 February. Story p
11-Jan-2011 03:08 PM

IBD/TIPP Optimism Index delayed

The January IBD/TIPP Economic Optimism Index has been delayed until to 10:00 a.m. EST, tomorrow (12 January). Story provided by
11-Jan-2011 03:06 PM

US wholesale inventories fall 0.2%

US wholesale inventories totalled $425.5bn at the end of November, - down 0.2% from the revised October level but up 8.4% from a year ago, the US Commerce Department said today (11 January). The October preliminary estimate was revised downward $0.7bn o
11-Jan-2011 03:03 PM

Broker News & Views

BT Group upgraded to buy from neutral at Goldman Sachs, target price raised to 235p from 197p. Capital Shopping Centres cut to sell from hold at Oriel. AstraZeneca upped to buy from hold at Citigroup. Barratt Developments raised to buy from hold at RBS.
11-Jan-2011 03:00 PM

Market Movers - Top risers and fallers at 15:00

FTSE 100 WOLSELEY ORD 10P 2199.00 6.90% CAIRN ENERGY ORD 8/13P 452.40 4.87% BARCLAYS ORD 25P 289.60 4.66% KAZAKHMYS ORD 20P 1620.00
11-Jan-2011 02:30 PM

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

Overall Market HOT TUNA ORD 0.01P 0.21 43.33% RESOURCES IN ORD 0.1P 0.97 34.48% ALEXANDER DAV. ORD 0.1P 0.69 15.00% IMAGINATIK ORD 0.0625P 2.00
11-Jan-2011 02:23 PM

African Eagle's Dutwa nickel resource upgraded

African Eagle Resources has announced a significant resource upgrade at its Dutwa nickel project in Tanzania. The upgrade, by independent geological contractors the Snowden Group, places more than three quarters of the Wamangola resource - the larger
11-Jan-2011 02:19 PM

MKS Integrity chosen for Kardium R&D

Kardium has chosen MKS Integrity for the development of breakthrough solutions for cardiovascular diseases. MKS Integrity will be used in Kardium's research and development facility, created to commercialise several patent-pending concepts. MKS pre
11-Jan-2011 02:07 PM

Logica-led consortium wins Serious Crime contract

The Logica-led i2d consortium has won a £157m outsourcing deal with the Serious Organised Crime Agency. Logica will deliver the contract with its key partners in the successful consortium: QinetiQ, Detica and Cable & Wireless. The programme is aligned w
11-Jan-2011 02:03 PM

Redbook sales index up 2.8%

US retail sales were 2.8% higher in the week ending 8 January than a year ago, according to latest figures from Redbook Research. Sales were down 0.5% from the previous month but up 2.8% on January last year. The Johnson Redbook Retail Sales Index is ba
11-Jan-2011 02:00 PM

Market Movers - Top risers and fallers at 14:00

FTSE 100 WOLSELEY ORD 10P 2190.00 6.47% BARCLAYS ORD 25P 290.90 5.13% CAIRN ENERGY ORD 8/13P 450.10 4.33% KAZAKHMYS ORD 20P 1618.00