Member Info for jange

Financial Highlights: The Group stated that it should at least meet its expectations for the current year, in the absence of any material change in customer requirements. The Board added that its view of the outlook beyond the current year remains unchanged.

Trading statement: QinetiQ unveils a better than expected performance. A brief update saw management announce a better than expected first half performance. It added that its UK services unit performed well during the period, but that this was partially offset by its business in the United States, which continues to experience delays in contract awards. Nonetheless, QinetiQ said, during the first-half, Global Products delivered the majority of two key orders for the Q-NetTM vehicle survivability product, earlier than originally planned. This, together with a higher level of spares sales, more than compensated for lower sales in other major products. The Group's UK Services continued to perform well. In outlook comments, the Board said that QinetiQ Group should at least meet its expectations for the current year, in the absence of any material change in customer requirements. QinetiQ will announce its interim results on 21 November 2012.

Company overview QinetiQ Group Plc provides technical support, training, test and evaluation, and know-how to customers in the global defense, aerospace and security markets. The Company operates in three divisions: US Services, UK Services and Global Products. US Services involves aerospace operations, engineering management, information services, mission solutions/cyber and software and systems engineering. UK Services involves air engineering, test and evaluation, training and simulation, cyber security and programme and procurement support. Global Products involves survivability, unmanned systems, energy from waste and vehicle power management. Headquartered in Farnborough, QinetiQ is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Northacre Share price Symbol: NTA Share price: 75.50 % Change: 6.34 % Change: 4.50

MoneySwap and DataCash Sign Cooperation Agreement for China UnionPay MoneySwap Plc (AIM:SWAP), the prepaid card and payment services provider, and DataCash - a MasterCard company and provider of multi-channel payments gateway solutions - have signed a cooperation agreement in accordance with MoneySwap's appointment by China UnionPay as one of its overseas merchant acquirers for the UnionPay Online Payment Program, further details of which were announced by MoneySwap on 9 May 2012 (the "Agreement"). The Agreement will enable DataCash merchants to accept China UnionPay cards issued both inside and outside of China as a form of payment. DataCash provides global payment gateway and fraud and risk prevention services, serving the needs of multi-channel merchants in the airline, travel, retail and digital media sectors. DataCash will now be able to provide these merchants with a direct link to MoneySwap's UnionPay gateway which accepts payments from China UnionPay cardholders. The Directors believe the potential online market for merchants selling to China is significant. For the travel and airline sectors alone, there are forecast to be over 65 million Chinese travelling abroad during 20121. With over 2.9 billion China UnionPay cards now issued2, the Directors anticipate that China UnionPay card holders will want to purchase items such as their airline tickets, hotel rooms and other travel related services online. Richard Proksa, Chief Executive Officer of MoneySwap, commented: "The announcement today is significant for merchants who wish to sell to China online. Merchants will have access to a large and fast growing online market in China which exceeded RMB770 billion (approximately £78billion), in 20113. "We are therefore delighted to be partnering with DataCash. Their international merchants will be able to tap into a large consumer market in China. We also believe in time, there is the potential for this to become a significant revenue generator for MoneySwap while offering new payment opportunities for China UnionPay cardholders."

MoneySwap appointed as China UnionPay Point of Sales Merchant Acquirer for Europe MoneySwap Plc (AIM:SWAP), the Asia focused prepaid card and online money services business, is pleased to announce that it has signed an agreement with China UnionPay ("UnionPay") to act as an overseas business acquirer for the UnionPay Point of Sales ("POS") programme (the "Agreement"). UnionPay is the dominant card issuer in China and a leading bankcard brand in the world, with card acceptance in over 125 countries and regions outside of China. UnionPay's POS programme provides a secure, convenient and efficient point of sales payment system that can accept UnionPay cards. Under the Agreement, MoneySwap will be responsible for cooperating with UnionPay to expandthe POS business in Europe by signing up and managing merchants.The Directors believe that by becoming a UnionPay POS merchant acquirer, MoneySwap will be able to facilitate the purchase of goods and services by Chinese tourists, students and business people travelling to Europe. A report by the University of London's School of Oriental and African Studies titled "How the rise of Chinese tourism will change the face of the European travel industry", published in October 2011 (the "Report"), estimated that the number of Chinese visitors to Europe would increase to 4.5 million by 2015 and to around 8.6 million by 2020. Already in 2010, the Report found that Chinese outbound travellers spent £30.4 billion, equivalent to an average expenditure of £530 per person-visit. The Report expects this figure to rise by around 14.6% in 2011 to reach £34.8 billion. Against this background of growth, many Chinese travelling abroad have experienced difficulty in paying for goods and services using their UnionPay cards as few of the merchant point of sales card terminals connect to the China UnionPay network. However, the Report found the position to be changing and outbound Chinese tourists have been encouraged by improving financial services for Chinese tourists overseas. In particular, UnionPay cards are now increasingly accepted in European and other destinations with UnionPay's services available in 125 countries and regions besides China. In 2010, UnionPay also entered into new collaborative agreements with shopping centres and duty-free shops in many countriesin Europe. Both Harrods and Selfridges department stores in London have UnionPayterminals installed for Chinese customers and Harrods recently reported a rise of 40% in sales to Chinese customers since the introduction of 75 terminals for Chinese customers in its London stores (source: an article written by Malcolm Moore 2011, 'Chinese tourists bring £200m windfall for London retailers' and published in the Daily Telegraph on 24 May 2011). The Directors believe that by becoming a UnionPay POS merchant acquirer, MoneySwap will be able to generate tran

MoneySwap Plc (AIM:SWAP), the Asia focused pre-paid card and online money services business, and China UnionPay, one of the largest bankcard network operators , are pleased to announce a partnership appointing MoneySwap as a global partner for China UnionPay's MoneyExpress Service. China UnionPay's newly launched MoneyExpress Service enables individuals and businesses outside of China to send funds directly to holders of UnionPaydebit and credit cards within China in a secure, convenient and prompt manner. Through MoneyExpress, a fund transfer into China can be verified within minutes significantly reducing the time associated with sending funds from overseas compared with traditional transfer methods. Funds received via MoneyExpress onto a UnionPay card may then be withdrawn as cash at ATM's or spent in shops in the normal way. Indeed, as a result of UnionPay card's increasingly wide acceptance, funds received via MoneyExpress can be withdrawn in local villages and towns across China in addition to the major cities. The Directors of MoneySwap believe this gives the service a significant competitive over other international transfer services currently operating in China. Under the partnership programme, MoneySwap will be responsible for establishing a network of MoneyExpress remittance points internationally where individuals or businesses wishing to send funds to China can access the service over the counter, via the internet or via a mobile. MoneySwap will receive revenue from MoneyExpress on a per transaction basis. The MoneySwap platform will be used to facilitate transactions for settlement and to build up a community of MoneyExpress users. Worldwide remittance flows are estimated to have reached $351 billion in 2011 and are expected to increase to $441 billion by 2014 (source: Migration and Development Brief 17 published on the official website of the World Bank on 1 December 2011). The top recipients of remittances in 2011 were India ($58 billion), followed by China ($57 billion) (source: Migration and Development Brief 17 published onthe official website of the World Bank on 1 December 2011). The Directors consider that the factors contributing to this remittance flow include the growing number of Chinese nationals travelling, working and studying abroad and those who have migrated. Richard Proksa, Chief Executive Officer of MoneySwap, commented: "This agreement represents an important milestone and significant opportunity for MoneySwap for our continued growth not only in the Asia Pacific region but internationally. China UnionPay is a highly respected bankcard brand and has unparalleled reach across China, that is the world's second largest recipient of remittances. We are delighted to be partnering with China UnionPay and being able to serve the needs of individuals and businesses outside of China with the compelling benefits of the MoneyExpress service."

MoneySwap appointed as China UnionPay Online Merchant Acquirer MoneySwap Plc (AIM:SWAP), the Asia focused prepaid card and online money services business, is pleased to announce that it has signed an agreement with China UnionPay, to act as an overseas merchant acquirer for UnionPay Online Payment ("UPOP") programme (the "Agreement"). China UnionPay's introduced UPOP programme provides secure, convenient and efficient online payment services for China UnionPay cardholders. Under the Agreement, MoneySwap will be responsible for cooperating with China UnionPay to expand the UPOP business in Europe by acquiring merchants who sell their goods and services over the internet and giving them access to the UPOP network. This will facilitate online purchases by China UnionPay cardholders on the merchant's website. China's retail sales grew 14.8% year-on-year to RMB4.9 trillion (approximately £481 billion) in the first quarter of 2012 (source: figures released by the National Bureau of Statistics of China on 13 April 2012 on www.gov.cn). In 2011 the size of online shopping transactions in China exceeded RMB770 billion (approximately £75 billion), a year-on-year growth of 67.8% (source: iResearch data published on www.iresearchchina.com on 20 January 2012). Against this background of growth, many Chinese nationals have experienced difficulty in obtaining credit cards which allow them to purchase goods online from overseas merchants. The Directors believe that by becoming a UPOP partner and through utilising MoneySwap's online payment platform, MoneySwap will be able to facilitate the online purchase of, amongst other things, much sought after designer goods by Chinese nationals. MoneySwap will receive a fee for each purchase. Richard Proksa, Chief Executive Officer of MoneySwap, commented: "Consumer spending in China is growing at a fast pace and an increasing amount of this spending is carried out online. We believe that this Agreement with China UnionPay will further open up opportunities to online merchants outside China to access the Chinese retail consumer

MoneySwap Launches Pre-Paid VISA Card for Asian Travellers MoneySwap Plc (AIM:SWAP), the online peer-to-peer currency exchange and payment platform focused on the Asia market, is pleased to announce that it has launched a pre-paid VISA card aimed at Asian travellers. The pre-paid VISA card (the "Card"), will be issued by a Swiss bank, and will enable Asian travellers access to local currencies from ATMs, point of sales and on line purchases in Europe and the United States. The Card will be available to customers in US Dollars, Euros and British Pounds. Cardholders will pay an annual fee to MoneySwap and the Card will entitle cardholders to certain benefits typically associated with such cards, such as travel insurance. The Company has already received a large number of orders for the Card and expects that it will make a material contribution to the Company's revenue for the current financial year. Under an agreement entered with an established outsourcing partner,the appointed programme manager will be responsible for the underlying web and telephone interface, programme management tools and card functionality. Richard Proksa, Chief Executive Officer of MoneySwap, commented: "We believe these Cards will provide customers the flexibility, cost savings and ease of payment while they are abroad. We view the launch of this pre-paid card to be a core service with important revenue generation potential."

Asia-focused foreign exchange transactions specialist MoneySwap (LON:SWAP) said it is partnering with Rizal Commercial Banking Corp (RCBC) to co-brand a MoneySwap Prepaid Card in the Philippines. The card is launched today and will allow customers in the Philippines to load up their card through an ATM or at a RCBC bank and use it to withdraw funds from an ATM or from a RCBC branch. The MoneySwap Prepaid Card can also be used in VISA affiliated stores across the Philippines and worldwide. As RCBC is only now starting to expand its cash card business in the country, MoneySwap does not expect the agreement to generate significant revenues until at least the financial year ending March 31 2013. Chief executive Richard Proksa said: "We view the Philippines as a key market for MoneySwap. Not only does it have a population of over 100 million, but many work overseas or for international

Overhead spending has also increased as the group hired more people, including development and marketing staff, taking salaries expenses from US$0.8 million in the prior year to US$2 million. Post year end, MoneySwap boosted its cash reserves by raising US$5 million via a share placing. Other notable developments that occurred after the end of the financial year included the launch of the QuickPayIT online payment system in Hong Kong, enabling users to pay merchants for goods and services without either party entering or receiving banking information. MoneySwap will receive a fee per transaction made through QuickPayIT. Shares in MoneySwap rallied 17.5 percent to trade at 2.5 pence this morning, giving the company a market cap of £8.5 million.

In its first annual report since listing on AIM, MoneySwap (LON:SWAP) said its revenues rose more than fourfold and outlined its plans for the future, including expansion and setting up a foreign currency exchange. MoneySwap, a developer of an innovative peer-to-peer foreign exchange (forex) trading platform, listed on the AIM market in London with a £3 million placing in August. According to MoneySwap, the listing on the AIM market has enhanced both its credibility and opportunity to win clients and commercial partners in Asia, its main focus area. In addition to that, the group intends to use its London quote to expand business through acquisitions. “We will continue to focus on building a strong pipeline in both existing and new markets and ensuring our services are competitive, secure and scalable. With our team's track record, expertise and commitment I look forward to 2012 with optimism,” said chief executive of MoneySwap Richard Proksa. The group aims to build communities of both small and medium sized businesses (SMEs) and individuals that use a MoneySwap account to establish a large foreign currency trading exchange. As at 31 March 2011, MoneySwap had 2,670 individuals registered as users of the group. This had risen to 2,993 by the date of the group's admission to AIM. The group anticipates that once the community of users reaches a certain size, the members will begin trading with each other. Running through the group’s financial results, MoneySwap saw its revenues jump 358 percent to US$512,000 during the year to end March, largely due to contributions from foreign currency exchange transaction services including those for its two major casino customers, Melco Crown and Genting. Despite the substantial increase in revenues, the group’s losses for the year increased 63 percent to US$4.6 million, owing to increased investments in business developmen

CasaPayer's parent company has already established a significant online player base in the region through its Fugelman and Pilotman game playing and games development platforms. The deal allows CasaPayer to market the company's newly launched QuickPayIT, to the online Asian gaming market under the CasaPayer brand. It replaces the potential agreements in relation to Kolarmy Technology Inc and CasaPayer will now perform the obligations that had been expected to be performed by Kolarmy, said MoneySwap. CasaPayer is expected to be launched locally in Hong Kong in the last quarter of this year and rolled out across the region in the following year. The company says it does not expect that significant revenues will be generated for MoneySwap under the agreement with CasaPayer or under QuickPayIT in the immediate future. The initial term of the agreement between the MoneySwap and CasaPayer is for five years, it added

PLC's (LON:SWAP) new product - QuickPayIT - will be launched later this month in Hong Kong, the firm told investors today. The product, which is not unlike payment processing services such as PayPal, enables its users to pay merchants for goods and services online without the respective parties having to exchange banking information. MoneySwap will then receive a fee from the merchant per transaction, as well as generating revenues from associated foreign currency exchange transactions and money transfers between users. Chief executive of MoneySwap Richard Proksa said today: "We are pleased to be able to confirm the anticipated launch of QuickPayIT within the deadline we had set ourselves and look forward to developing QuickPayIT as the payment solution of choice across a range of key markets in the Asia Pacific region." Meanwhile, the firm announced it has entered into an exclusive revenue sharing agreement with CasaPayer Limited, which is a wholly owned subsidiary of PCG Entertainment Plc. CasaPayer's parent company has already established a significant online player base in the region through its Fugelman and Pilotman game playing and games development platforms. The deal allows CasaPayer to market the company's newly launched QuickPayIT, to the online Asian gaming market under the CasaPayer brand. It replaces the potential agreements in relation to Kolarmy Technology Inc and CasaPayer will now perform the obligations that had been expected to be performed by Kolarmy, said MoneySwap. CasaPayer is expected to be launched locally in Hong Kong in the last quarter of this year and rolled out across the region in the following year. The company says it does not expect that significant revenues will be generated for MoneySwap under the agreement with CasaPayer or under QuickPayIT in the immediate future. The initial term of the agreement between the MoneySwap and CasaPayer is for five years, it added.

MoneySwap Plc (AIM:SWAP), is pleased to announce that it has signed an agreement with Alipay, the Chinese online payment company as a merchant acquirer. Under the agreement, MoneySwap will be responsible for acquiring overseas merchants to Alipay's online payment platform which enables merchants to process online payments made by China UnionPay debit and credit cards, as well as Visa and Mastercard. China UnionPay is China's leading card issuer. Alipay (www.alipay.com) is a leading third-party online payment solution based in China, providing an easy, safe and secure way for individuals and businesses to make and receive payments on the Internet. According to its website, as at September 2011, Alipay partnered with more than 65 financial institutions, including 19 leading national and 45 regional banks across China, as well as Visa and MasterCard. In addition, Alipay also facilitates offline value-added services through a strategic partnership with China Post, which has coverage of both rural areas and university campuses in China. Richard Proksa, Chief Executive Officer of MoneySwap, commented: "We see alliances with other platforms as being highly complementary to our positioning in the market. The Alipay platform provides merchants based outside of China with an easy mechanism to access the fast growing Chinese consumer market. We are delighted to be associating our business with them."

MoneySwap has operations in Hong Kong, London, Shanghai and Taichung together with representative offices in Singapore. MoneySwap provides a trading mechanism for both widely used as well as more exotic and restricted currencies. In particular MoneySwap is focused on servicing the needs of the Asia –Pacific region with its substantial trade flows and 11 major currencies. By then combining MoneySwap’s unique low-cost foreign exchange platform with a range of both new and traditional pay-out channels, MoneySwap is able to ease and improve foreign exchange transactions and pay-out between individuals, businesses and corporations around the world, wherever you are.

The Company's 1,619,692,550 Existing Ordinary Shares in issue at 5.00 p.m. today will be consolidated, on the basis of 1 New Ordinary Share for every 50 Existing Ordinary Shares held, into 32,393,851 New Ordinary Shares.

Chairman Dermot Gleeson said: "The group enjoys a very strong and competitive presence in the two sectors of the market on which it now concentrates: low cost housing development on brown field sites in the North of England; and the promotion through the planning system and subsequent sale of high value green field sites in the South." "The prospect of rising revenue from house sales combined with a planned reduction in the rate of growth of the land bank means that the group expects to become cash generative in the second half of the current financial year and, broadly, to remain so for the foreseeable future." Underlining its confidence in future trading, Gleeson said it hopes to be able to restart regular dividend payments in 2013.

Housebuilder and land dealer MJ Gleeson said annual pre-tax profit more than doubled as it underlined its confidence in future trading by saying it hopes to resume dividend payments in 2013. Pre-tax profit rose to £3.6m for the year to June 30th from £1.6m during the same period a year earlier. Operating profit increased to £3.3m during the period from £0.9m before. Revenue climbed to £41.9m from £41.4m. The group said that unless there is a further severe downturn in the UK, the group will continue to grow profits in the current year and beyond. Gleeson Homes returned to profitability, posting an operating profit of £0.3m compared to a loss of £0.4m earlier.

Net cash outflow at operating level was £0.64m for the year compared to £0.23m inflow. Kellan added: "After a slow start to 2011 there were short lived signs of an upturn before renewed concerns around the Eurozone and sovereign debt hit business confidence and forced a further retraction of the recruitment market." "The group has used this time to reshape a number of its key brands in readiness for the delayed but inevitable upturn as well as successfully controlling and further reducing costs. With additional funding now secured, the group is out of survival mode and can now look forward with real purpose, determination and optimism."