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Date: Friday 18 Jun 2010 LONDON (ShareCast) - Songbird is helping lift the real estate investment and services sector after a report that Qatar’s sovereign wealth fund will buy the Canary Wharf owner in the latest stage of a property splurge in London. The alternative energy sector is on the back foot for the second day in a row. GTL continues drifting lower after jumping ahead on Wednesday when the ethanol producer said higher production and improved margins helped ethanol producer it more than double profits in the year to March 31.

Date: Friday 18 Jun 2010 * Market Movers * techMARK 1,652.92 +0.06% * FTSE 100 5,249.68 -0.08% * FTSE 250 9,933.79 +0.71% LONDON (ShareCast) - Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody’s the blue-chip index ended marginally easier on the day. BP, for once, was not the most widely traded stock, though it did remain one of the day’s major talking points after the eight-hour verbal assault inflicted on chief executive Tony Hayward by US politicians yesterday. Congressmen castigated the BP boss for apparently ignoring the risks his company was taking drilling a mile down in the Gulf of Mexico. Russian president Dmitry Medvedev later added his two penn’orth, expressing his concern that the penalties likely to hit BP could bankrupt the company. Russia is another major area of development for BP through its joint venture TNK-BP. BP shares have rallied even so. Spain’s Santander confirmed that it has entered a bid for about 300 high street branches being sold by the Royal Bank of Scotland. The banking giant didn’t comment on any financial details, but market speculation earlier this week suggest a deal could be worth about £1.8bn. Elsewhere, Capita and Serco were weaker on news yesterday that the new government has put the brakes on £11.5bn of projects casting doubts on growth prospects for two of public sector's favourite outsource companies. BT was also lower on reports it faces a long-drawn out strike with its blue-collar workers. Supermarket giant Tesco has been in the doldrums ever since chief executive Sir Terry Leahy announced his intention to leave and there were more boardroom related concerns today, with reports suggesting that some institutional investors are unhappy with the remuneration packages of some directors. Pharmaceuticals behemoth Glaxo was under the weather after Germany's Federal Joint Committee recommended health insurers should stop paying for Glaxo’s Avandia drug, which the Committee believes may increase the chances of heart disease. On the bright side insurer Aviva got a lift from JPMorgan Chase, which upgraded the stock to “overweight” and bumped up its price target from 285p to 509p, while Vodafone shareholders were cheered by reports that US company Verizon Wireless, in which it has a 45% stake, will start paying dividends again in 2012. Engineering services group Lamprell has secured a $129m new contract from Seajacks for the design and construction of a Gusto MSC NG-5500 design self-elevating and self-propelled offshore wind turbine installation vessel. The vessel, named "Seajacks Zaratan", will be constructed at Lamprell's Hamriyah facility and is due to be delivered in 2012. Canary Wharf owner Songbird has shot ahea

30 June 2010 IQ Holdings plc ('IQ' or the 'Company') AIM: IQH Final Results IQ Holdings plc is pleased to announce its Final Results for the 18 month period which ended on 31st March 2010. The results will be posted on the Company's website http://www.iqholdings.co.uk/ For further information please contact: IQ Holdings plc David Marks - Tel: 07836 571 339 Nominated Adviser Grant Thornton Corporate Finance - Gerry Beaney: 020 7383 5100 CHAIRMAN'S REPORT Following my recent appointment as your Chairman, it is with pleasure that I am able to announce the results of IQ Holdings plc ("IQH") or ("the Company") for the 18 months' period ended on 31st March 2010. The results reflect the significant events which have taken place during the period including the acquisition of Viewpoint Field and Viewpoint Studios from Media Square plc and the subsequent sale of Rosslyn Research Limited ("Rosslyn") and Viewpoint Field Services Limited ("Viewpoint") to Rivington Street Holdings plc ("Rivington"). In addition, subsequent to the disposal of Rosslyn and Viewpoint, the Company has reorganised and reduced its share capital and then distributed the majority of shares in Rivington which it received as the consideration for the sale of Rosslyn and Viewpoint. Full details of these transactions are contained in the Financial Statements which accompany this Statement. The figures for the period under review reflect all the events to which I have referred above. Subsequent to the year end the Company raised £150,000 by way of a share placing and raised a further £100,000 by the issue of a Convertible Unsecured Loan Notes. Thus IQH is now a cash shell and it is the intention of your Board to find a suitable company to reverse into IQH. Hopefully this will be to the benefit of all shareholders of IQH, especially when viewed in conjunction with the shares in Rivington which have already been distributed to shareholders. Immediately following the disposal of Rosslyn and Viewpoint, Gale Blears and Julian Green resigned from the Board so as to pursue their full-time responsibilities for Rivington in the management of the businesses of Rosslyn and Viewpoint. At the same time, Neil McGowan, Joe Seydel and Peter Parkinson also resigned from the Board. I would like to thank all these persons for the support they have given to the Company over the years and especially to Julian Green who has been our Chief Executive ever since the original listing of the Company on OFEX. Subsequent to the year end Julian Green was re-appointed to the Board as a Non-Executive Director and Russell Darvill was also appointed a Director. Both of these appointments were made with a view to facilitating the reversal of a suitable business into IQH. Subsequently, as you will have seen from the recent announc

Date: Tuesday 19 May 2009 LONDON (ShareCast) - Circle Oil has confirmed a discovery at its Geyad-1X exploration well in the onshore North West Gemsa concession, Egypt. The well tested at a sustained average combined rate from two pay zones of 2,809 barrels of oil per day (bopd) and 3.04 millions standard cubic feet per day (MMscfd). Ceramic tableware and household goods group Churchill China says UK revenues in the year to date are similar to a year ago, but exports have remained weak. “Whilst we continue to expect that our overall margins will remain somewhat lower across 2009, our related plans to optimise inventory levels are ahead of target,” it said. Buy-to-let mortgage specialist Paragon reported a plunge in half year pre-tax profit to £15.9m from £26.4m a year ago, but raised the dividend by a tenth of a penny to 1.1p a share. “Careful management has ensured that the portfolios have continued to perform well despite the economic conditions,” it said. “The group remains in a strong financial position with its franchise intact.” Public sector software and services provider IDOX has won £1.65m of contracts with Cornwall and Central Bedfordshire councils to supply its land and property information systems. The Cornwall deal is worth £650,000 over five years and the Bedfordshire contract £1m over seven years. Shares in Delcam dropped after the group said its current trading performance has declined against budget, particularly for software sales. The group now expects pre-tax profits for the year to 31 December 2009 to be in the region of £1.2m. Losses at pharma group Renovo rose to £8.7m, from £7.35m in the half year to March, with sales up a touch to £4.1m. Cash burn was £12.6m, up from £12m. "Our key focus continues to be the progression of our lead product, Juvista, through the European Phase 3 programme. The first Phase 3 trial in scar revision surgery is currently recruiting patients across nine countries and is on track to report in the first half of 2011," Renovo said. Cash at end March totalled £73m. Contractor Renew’s profits slipped by a tenth to £3.5m in the half year to March on sales of £171.6m, down from £192.9m. "The economic climate continues to provide a challenging business environment. Despite these difficult trading conditions, our Specialist Engineering business has continued to grow with stable margins,” chairman Roy Harrison added. The dividend is unchanged at 1p. Shopfitter Havelock Europa reports mixed levels of activity since January. Business has remained good in the Educational Interiors Division, but trading in the Retail Interiors and Point of Sale Divisions has continued to be challenging and below last year. Order visibility continues to be limited. Closed end life group Chesnara said the fundamentals of its business are performi

Date: Thursday 19 Nov 2009 LONDON (ShareCast) - Engineering consultant White Young Green has traded in line with expectations since the end of June, with conditions varying across its markets. “There remains a lack of confidence and liquidity in many areas in which we trade, but there are also some encouraging signs in respect of opportunities and new contract wins,” it said. Shares in Beowulf, which owns mineral exploration projects in Sweden, jumped after it said results from tests of its Lulepotten copper-gold deposit in Northern Sweden appeared favourable compared to another of its deposits in the region. Shares in Angel Biotechnology jumped after the biopharmaceutical contract manufacturer said it would be the contractor on three separate grants that have been awarded to consortia active in regenerative medicine. Oil and gas group GeoPark, which has exploration and production properties in Chile and Argentina, has raised $20.5m through a placing of 3.784m shares at 542 cents each. Technical adhesive tapes firm Scapa Group narrowed its trading loss to £1m in the first half from an underlying deficit of £6.4m in the second half of last year. The firm attributed the improvement to recent restructuring exercises, which significantly reduced the cost base, and 6.6% additional sales volume. A pre-tax profit of £2.7m a year ago turned into a £3.1m loss this time. Events and conferencing group Tarsus extended its rally Thursday on news it has traded as expected since the end of July. The firm, responsible for the Dubai Airshow, said attendances at its events are ahead of previous years, leaving it confident of a satisfactory outcome for 2009 at current exchange rates. Marine electronics group Raymarine has slumped more than a third on falling sales and as it racks up “significant” professional and bank fees in an effort to secure long term refinancing. Sales dropped 26% in the four months to 30 October and by 23% in the last 10 months, or 32% on a like-for-like basis. Raymarine’s existing banking facilities mature on 31 March 2010 and it is currently unable to comply with certain financial covenants within these facilities. It is reliant on continuing covenant waivers, due to expire on 4 December. ImmuPharma’s impressive run has come to an end after a broker disagreed with the drug developer’s claim that its experimental lupus drug met its goals in a Phase II trial. Lupuzor achieved a “clinically significant” improvement in patient response rate and was generally well tolerated, but Panmure Gordon said an early end to the trial meant the threshold for proving statistical significance was raised. But fleet management group Trakm8 has travelled higher after swinging back into profit at the half-way stage due to cost-cutting and a focus on higher margin products and customers. It posted a profit before tax of £100,000 for the s

Date: Tuesday 01 Jun 2010 LONDON (ShareCast) - Baltic Oil Terminals, which owns oil product terminals in Russia’s Baltic enclave of Kaliningrad, moved to profit last year as it shifted its focus to higher margin activities. The company posted a pre-tax profit of £2m in the year to December 31, compared with a loss of £7.3m the previous year. Revenue fell to £8.4m from £46.9m. Baltic said the sharp fall in revenues was due to its ‘decision during 2009 to change the focus from the high volume/low margin trades with increased exposure to low volume/high margin to back to back trades with minimal exposure.’ Chaarat Gold, which mines for the precious metal in the Kyrgyz Republic, has has its exploration licence on its 100% owned project in the central Asian country renewed until the end of 2012. Shares in oil and gas explorer Pantheon Resources fell back after drilling at a well in east Texas was deferred until July 2010 due to the well operator Vision Resources’ assessment that it will profit from a reduction in rig rates and drilling costs if it waits longer. Drilling had been scheduled to start in May. Investors cooled on Sabien Technology, the company that makes energy saving devices for boilers and air-conditioning units, after it said there had been delays in the placing of a small number of large contracts which it had expected to receive in the first half of this year. The delays mean the company will not move into the black this financial year (to end-June). No orders have been cancelled over this period and the company has not received notification from any potential client that they do not still propose to place their expected orders. Angel Biotechnology has signed a GMP Manufacturing contract with Materia Medica Holding, a leading pharmaceutical company in Russia. The contract, for process development and GMP manufacture of specific antibodies, is valued at circa £1.3m. Work on the project will commence shortly and GMP manufacturing is expected to complete in early 2012. Spice has disposed of its loss making gas boiler repair business by giving it way to Booth Securities for a nil consideration. The Gas Business lost £6.4m on sales of £34.3m last year. Aggregated gross assets for the Gas Business were approximately £10.4m. Africa-focused gas company Gasol will continue its strategy of aggregating stranded gas assets in West Africa and monetising them through the liquefaction of the gas and selling the LNG. But it accepts that these projects take a number of years to develop to a point that will produce shareholder returns, and that low LNG prices will remain for “a number of years”. Investors seem unimpressed with a new idea to develop gas-to-power in the region. Vane Minerals has successfully applied for large tracts of land in northern Arizona, which includes 114 breccia pipe exploration targets. “Breccia pipes offe

LONDON (ShareCast) - Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody’s the blue-chip index ended marginally easier on the day. BP, for once, was not the most widely traded stock, though it did remain one of the day’s major talking points after the eight-hour verbal assault inflicted on chief executive Tony Hayward by US politicians yesterday. Congressmen castigated the BP boss for apparently ignoring the risks his company was taking drilling a mile down in the Gulf of Mexico. Russian president Dmitry Medvedev later added his two penn’orth, expressing his concern that the penalties likely to hit BP could bankrupt the company. Russia is another major area of development for BP through its joint venture TNK-BP. BP shares have rallied even so. Spain’s Santander confirmed that it has entered a bid for about 300 high street branches being sold by the Royal Bank of Scotland. The banking giant didn’t comment on any financial details, but market speculation earlier this week suggest a deal could be worth about £1.8bn. Elsewhere, Capita and Serco were weaker on news yesterday that the new government has put the brakes on £11.5bn of projects casting doubts on growth prospects for two of public sector's favourite outsource companies. BT was also lower on reports it faces a long-drawn out strike with its blue-collar workers. Supermarket giant Tesco has been in the doldrums ever since chief executive Sir Terry Leahy announced his intention to leave and there were more boardroom related concerns today, with reports suggesting that some institutional investors are unhappy with the remuneration packages of some directors. Pharmaceuticals behemoth Glaxo was under the weather after Germany's Federal Joint Committee recommended health insurers should stop paying for Glaxo’s Avandia drug, which the Committee believes may increase the chances of heart disease. On the bright side insurer Aviva got a lift from JPMorgan Chase, which upgraded the stock to “overweight” and bumped up its price target from 285p to 509p, while Vodafone shareholders were cheered by reports that US company Verizon Wireless, in which it has a 45% stake, will start paying dividends again in 2012. Engineering services group Lamprell has secured a $129m new contract from Seajacks for the design and construction of a Gusto MSC NG-5500 design self-elevating and self-propelled offshore wind turbine installation vessel. The vessel, named "Seajacks Zaratan", will be constructed at Lamprell's Hamriyah facility and is due to be delivered in 2012. Canary Wharf owner Songbird has shot ahead on a report that the The Qatar Investment Authority will spend £700m to mop up the 76% it does not already own. Fund manager Henderson ha

LONDON (ShareCast) - London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain’s “formidable” budget deficit didn’t go down well, but it was BP that stood out, hitting a 20-month low as the flow of bad news just kept coming. Goldman Sachs yesterday downgraded BP to ‘neutral’ from ‘buy’ and warned that the under-fire oil giant may take a holiday on the dividend payment in the second and third quarters. Now, Barack Obama has stepped up the pressure. In an interview with NBC, the US president said he’d sack the British company’s chief executive Tony Hayward. Obama took exception to Hayward’s comments that he wanted his “life back” and that the Gulf of Mexico was “a big ocean”. "He wouldn't be working for me after any of those statements," said an angry president. BP suffered another blow when Russia’s state-run gas giant Gazprom said it had no need for the British oil company’s massive Kovykta gas field in Siberia. It had been hoped that the Russian export monopoly would revive its interest in the gas field, which contains 2trn cubic metres of gas, and pay the TNK-BP joint venture up to $1bn for it. Royal Bank of Scotland, Barclays and Lloyds were guaranteed a place in the list of biggest losers, as concerns about their exposure to Europe and fears of a new tax on banks had investors heading for the door. Tesco was also on the ropes after chief executive Sir Terry Leahy announced he’ll retire next March, with Philip Clarke moving up to take his place as CEO at the UK's top supermarket chain. Leahy steps down after 14 years in the top job, a period that has seen Tesco become the dominant force in UK grocery retailing and start to make significant inroads into overseas markets in Asia and more recently the US. Clarke is a lifelong Tesco man. But demand at the World Cup and a pick-up in business elsewhere means temporary power and temperature control services firm Aggreko expects performance this year will be significantly better than previously anticipated. At the interim stage group revenue in constant currency and excluding pass-through fuel will grow by around 10%, and trading profit by about 20%, the company said. Catering firm Compass Group has snapped up a North American provider of soft support services operating in the education and business and industry sectors. The company is paying $65m (£45m) in cash for Southeast Service Corporation (SSC), a company which last year had revenue of $153m (£106m). Chloride leads the second line after agreeing an £860m, 325p per share takeover bid from ABB. Emerson Electric is the other suitor interested in the power supplies group. Newsagent chain WH Smith announced the retirement of chairman Robert Walker as it revealed

LONDON (ShareCast) - Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody’s the blue-chip index ended marginally easier on the day. BP, for once, was not the most widely traded stock, though it did remain one of the day’s major talking points after the eight-hour verbal assault inflicted on chief executive Tony Hayward by US politicians yesterday. Congressmen castigated the BP boss for apparently ignoring the risks his company was taking drilling a mile down in the Gulf of Mexico. Russian president Dmitry Medvedev later added his two penn’orth, expressing his concern that the penalties likely to hit BP could bankrupt the company. Russia is another major area of development for BP through its joint venture TNK-BP. BP shares have rallied even so. Spain’s Santander confirmed that it has entered a bid for about 300 high street branches being sold by the Royal Bank of Scotland. The banking giant didn’t comment on any financial details, but market speculation earlier this week suggest a deal could be worth about £1.8bn. Elsewhere, Capita and Serco were weaker on news yesterday that the new government has put the brakes on £11.5bn of projects casting doubts on growth prospects for two of public sector's favourite outsource companies. BT was also lower on reports it faces a long-drawn out strike with its blue-collar workers. Supermarket giant Tesco has been in the doldrums ever since chief executive Sir Terry Leahy announced his intention to leave and there were more boardroom related concerns today, with reports suggesting that some institutional investors are unhappy with the remuneration packages of some directors. Pharmaceuticals behemoth Glaxo was under the weather after Germany's Federal Joint Committee recommended health insurers should stop paying for Glaxo’s Avandia drug, which the Committee believes may increase the chances of heart disease. On the bright side insurer Aviva got a lift from JPMorgan Chase, which upgraded the stock to “overweight” and bumped up its price target from 285p to 509p, while Vodafone shareholders were cheered by reports that US company Verizon Wireless, in which it has a 45% stake, will start paying dividends again in 2012. Engineering services group Lamprell has secured a $129m new contract from Seajacks for the design and construction of a Gusto MSC NG-5500 design self-elevating and self-propelled offshore wind turbine installation vessel. The vessel, named "Seajacks Zaratan", will be constructed at Lamprell's Hamriyah facility and is due to be delivered in 2012. Canary Wharf owner Songbird has shot ahead on a report that the The Qatar Investment Authority will spend £700m to mop up the 76% it does not already own. Fund manager Henderson ha

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