UTN.L Share News (UTN)

Shares in Roxi Petroleum fell back after the Kazakhstan-focused oil explorer reported 'disappointing' results from drilling at one of its wells.It said that 'good quality Jurassic sands were perforated at Well 806, but that 'after perforating the well did not flow naturally.'Chief executive David Wilkes said: 'This is a disappointing result from the testing of the middle Jurassic reservoirs of well 806.'British Polythene Industries has announced that despite expectations that its full year results will be well ahead of last year, the group is uncertain about input costs for November and December.The company said that pension financing and restructuring costs are likely to result in full year profits being towards the lower end of current market forecasts. The statement released Monday revealed that the group "continues to be buffeted" by polymer price increases as many of its suppliers have "scaled back production" and are "running on tighter inventories".Enova, which develops electric, hybrid and fuel cell digital power management systems, reported an 18% increase in revenue for the nine months ended September to $4.9m, from $4.2m previously. However, revenue for the third quarter decreased comparably with last year to $1.9m from $2.9m due to the large order of 200 hybrid systems in 2009.The group also reported an increase in net loss for both the three and nine months ended September due to the increase in research and development, and selling, general and administrative expenses. "Although we have seen indications for future production growth, there can be no assurance there will be continuing demand for our products and services", the statement said.Majestic Wines, the UK's largest wine warehouse chain, has reported a 20% increase in pre-tax profit for the first half to £7.3m, from £6.1m previously. Sales also rose 10.2% to £117.6m, from £106.7m. Online sales were 8.3% higher than last year and now represent 9.1% of total UK retail sales.The number of active customers increased by 14% to 496,000. The group has also opened two stores during the period, but has opened a further six since then.Multimedia content and services group UBC Media has reported a pre-tax loss of £0.62 for the half year ended September, from £0.26m previously, largely due to higher administrative expenses of £1.14m, from £0.89m last year. Basic earnings per share from continuing and discontinued operations stood at 0.14p, compared to 0.32p.The group said that a key aim is to reduce its reliance on revenues from the BBC which has been "challenged by financial cutbacks" reflected in the margins the UBC Media can achieve.Shares in green technology company Ultima Networks rose 15% Monday after it announced that the launch of its new Infineum Continental Electric Bicycle has seen demand exceed management's expectations. €390,000 of new orders have been received, and the group expects volumes to reach 2,500 units during 2011. Managing director Wazz Mughal expects "momentum to continue with the release of new models widening the range and bringing the prospect of a substantial increase in sales and market share throughout continental Europe".