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UK SMALLCAP ROUNDUP: JJB Sports Posts Six-Week Sales Leap

Thu, 08th Jul 2010 09:30

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps JJB SPORTS PLC (JJB.LN), a U.K. sportswear retailer, said sales at its stores open more than a year rose 22.3% in the six weeks to July 4, adding a trial format store it opened in May has outperformed the average sales performance across the group. At 0800 GMT, shares +1 pence, or 5.8%, at 14 pence. TREVERIA PLC (TRV.LN), a property investor, Thursday said Deutsche Bank AG (DBK.XE) has filed for insolvency on part of a loan portfolio on one of Treveria's debt facilities. Deutsche Bank, acting as the servicing agent of Treveria's first Deutsche Bank/Citigroup debt facility, has made the filing on the part of the debt facility which relates to certain German property holding companies. At 0800 GMT, shares -2 pence, or 24%, at 6 pence. BEGBIES TRAYNOR GROUP PLC (BEG.LN), a U.K. insolvency specialist, reported a 20% rise in fiscal year pretax profit following high levels of insolvency activity during the year and its tax unit returning to profitability in the second half. The group expects to continue to make bolt-on acquisitions in fiscal 2011, Executive Chairman Ric Traynor said Thursday, adding that it already has some insolvency-related buys in its sights. At 0800 GMT, shares +2 pence, or 3%, at 61 pence. ITHACA ENERGY INC. (IAE.V), a North Sea-focused oil and gas company, has agreed C$158 million of financing which, along with its existing debt facility, will fully fund all of its current projects through to first production. At 0800 GMT, London-traded shares -3 pence, or 3%, at 113 pence. BETTER CAPITAL LTD. (BCAP.LN), a Guernsey-incorporated investment company, Thursday moved to the main market of the London Stock Exchange from London's junior Alternative Investment Market after raising GBP67.6 million through a placing. At 0800 GMT, shares +1 pence, or 1%, at 111 pence. ROBERT WISEMAN DAIRIES PLC (RWD.LN), a dairy company, said first-quarter sales were up almost 12% on year due to market consolidation over the past year and increasing orders from existing customers. At 0800 GMT, shares +2 pence, or 0.3%, at 507 pence. CENTAUR MEDIA PLC (CAU.LN), a publisher, said it has made a solid start to its current fiscal year, as the much-improved trading conditions it reported at the end of fiscal 2010 have continued. The firm said while the economic environment remains uncertain, it expects to post profits in line with its board's expectations for the year ended June 30. At 0800 GMT, shares +4 pence, or 8%, at 50 pence. INNOVATION GROUP PLC (TIG.LN) Thursday said it will book a GBP5.2 million exceptional charge during fiscal 2010, following its exit from two property leases. The firm--which provides enterprise software and business process outsourcing solutions to insurance, financial services, motor and fleet industries--indicated at the time of its interim results in May that it was considering reducing its property requirements in both the U.K. and U.S. At 0800 GMT, shares flat at 11 pence. UBC MEDIA GROUP PLC (UBC.LN), an audio and video content supplier, said its fiscal 2011 net profit will top market expectations after it settled an early release with Bauer Media for its multiplex spectrum contracts. At 0800 GMT, shares +0.13 pence, or 5%, at 5 pence. GALLIFORD TRY PLC (GFRD.LN), a U.K. housebuilding and construction group, expects its fiscal 2010 results to be in line with the upper end of market expectations, adding that its housebuilding expansion plan is ahead of target. At 0800 GMT, shares +13 pence, or 4%, at 318 pence. VISLINK PLC (VLK.LN), a U.K. communications technology firm, said it will make a first-half operating loss before amortization of acquired intangibles and exceptional costs, although it expects improvements to revenue and order flow in the second half. At 0800 GMT, shares -5 pence, or 22%, at 18 pence. DQ ENTERTAINMENT PLC (DQE.LN), an animation and live action production and distribution company, has signed two exclusive broadcast deals in South Korea and Canada to screen its Jungle Book 3D animated television series. Financial details weren't provided but the firm said the deals open up more opportunities for consumer products, licensing and merchandising. At 0800 GMT, shares +1 pence, or 0.9%, at 116 pence. PROBABILITY PLC (PBTY.LN), a mobile phone gambling services company, has launched its first games specifically designed for Apple Inc's (AAPL) iPhone and iPod Touch. Probability said customers of its LadyLuck brand will be able to gamble for real money through its roulette, multi-hand blackjack and Poseidon's slots games using iPhone and iPod Touch. At 0800 GMT, shares +1 pence, or 1%, at 42 pence. DJ UK Smaller Cos +0.6% AIM +0.6% By Hannah Benjamin & Rachael Gormley, Dow Jones Newswires; +44 (0) 20 7842 9298; uksmallcaps@dowjones.com Order free Annual Report for Deutsche Bank AG Visit http://djnweurope.ar.wilink.com/?ticker=DE0005140008 or call +44 (0)208 391 6028 Order free Annual Report for Vislink PLC Visit http://djnweurope.ar.wilink.com/?ticker=GB0001482891 or call +44 (0)208 391 6028 Order free Annual Report for Innovations Group PLC Visit http://djnweurope.ar.wilink.com/?ticker=GB0006872096 or call +44 (0)208 391 6028 Order free Annual Report for Begbies Traynor Group PLC Visit http://djnweurope.ar.wilink.com/?ticker=GB00B0305S97 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 08, 2010 04:30 ET (08:30 GMT)
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