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Basic EPS fell to 33.84p from 48.41p while cash at 29 February 2012 declined to £17.5m from £25.6m before. The group maintained its final dividend of 17p per share, giving a full year payment of 26p. Commenting on the results and outlook chairman Graham Hearne said, "This has been a challenging year for shipping with a significant surplus of tonnage in many sectors. While activity remained strong, chartering rates and vessel values suffered and shipbroking income fell as a result. However, the Technical, Logistics and Environmental divisions all performed well.

Braemar Shipping Services said it had been a challenging year, with significant surplus of tonnage in many sectors, as it reported an increase in revenue and maintained its dividend. Revenue for the year ended 29 February 2012 rose to £133.5m, in line with market forecasts, and compared to £126.1m in 2011. Pre-tax profit fell to £9.8m in the year from £13.2m a year earlier. Analysts had expected pre-tax profit of £11m for the year.

Group net debt at 30 April 2012 was £59.7m, after the acquisition of Camera Corps for around £8m, compared to net debt of £50.4m at 31 December 2011.

Vitec added, "The MAG market is served through IMT and Haigh-Farr, both of which are part of the Videocom Division. Haigh-Farr was acquired in December 2011 and is performing in line with expectations. IMT is continuing to make progress and is awaiting news on US Government funded contracts." The group, which bought remote camera systems specialist Camera Corps in April, said its integration within the Videocom Division is underway.

"Our core broadcast business, which forms the majority of our Videocom Division, has performed well across the product range," it said. Its services division has made a good start to the year and is well placed to benefit from the London 2012 Olympics. The Imaging & Staging Division continues to increase market share in the US and European consumer markets while staging remains weak.

Vitec said trading in the first four months of the year has been as predicted and company expectations for the full year remain in place despite uncertain macroeconomic environment. The group, which provides services such as tripods and lighting for broadcasting, government, military and aerospace clients, said the broadcast and video market has seen good demand.

dotDigital, a provider of email marketing services says it has seen a number of key new client wins and extensions over the last few months, including the Environment Agency, Reiss, Logitech, and Moneyfacts Group.

Cambria Africa, the investment company formerly known as Lonzim, is to buy out the minority holders of Zimbabwe-listed commercial printer Celsys, and through this become quoted itself on the Zimbabwe Stock Exchange. Cambria currently owns three-fifths of Celsys. Cambria will offer a cash alternative to its share offer for Celsys; if every Celsys shareholder opts for the cash Cambria will end up paying $192,000. "We believe, given the exposure Cambria receives in Zimbabwe there will be an increase in liquidity of Cambria shares which will, in our view, lead to more efficient pricing of Cambria shares," said Edzo Wiseman, chief executive officer of Cambria. The company will also maintain its listing on London's AIM.

Ultima Networks increased profits and revenue in 2011 though cash took a tumble. Ultima does three things: produces software for the legal profession; sells green tech products like electric bicycles; and develops solar power installations. Over 2011 revenue jumped 55% to £2.97m from £1.92m in 2010, while operating profits for the year increased 37% to £0.49m from £0.36m. Profit before tax rose to £0.48m from £0.35m in 2010. Earnings per share improved to 0.19p from 0.13p the year before. Cash at the bank, or on short term bank deposits, was £388,000 as at December 31st, 2011, down from £663,000 at the end of 2010.

Valiant Petroleum, a North Sea oil explorer, has announced that the WilHunter semi-submersible drilling rig has arrived on location to drill the Timon prospect, in which Valiant has a 10% stake. Drilling on the well is anticipated to start within the next few days and will take around 40 days to complete. Gross best estimate prospective resources are estimated by Valiant to be 30m barrels of oil equivalent, of which its stake will entitle it to 3m.

Niche Group, an oil and gas focused investment company, has reported that two of its part-owned wells in the Hatay region in the Iskenderun Basin, onshore south east Turkey, have encounted gas shows, but neither is likely to prove commercially vaible. Well Ciftlik-1 was tested at three invtervals, but no gas flowed to the surface, indicating reservoir quality sandstones were not developed at this location. Well Kastal-1 encountered 'significant' gas shows, but was suspended for well-control reasons. The firm said it is likely the well will be abandoned.

Sweett Group, an international property and infrastructure consultancy, has reported financial close for a new £12.5m community hospital/health centre in Cockermouth and a new £6.5m health centre in Cleator Moor. The firm has a 33.3% stake in Express LIFT Investments, which has partned the NHS Express LIFT programme for both projects. The developments are funded by both partners and will be delivered through the NHS programme

Total Produce has become a 50% shareholder in a newly formed Irish logistics business. The new company has recently completed the acquisition of the trade and certain assets of Flancare Distribution, and has now moved into Flancare's former purpose-built premises

Tracsis, which helps transport companies organise their schedules and count passengers, has secured a further contract with a major worldwide rail operating group for use of its resource optimisation software. The value of the contract was not revealed. The agreement secures software licence revenue for at least two years in return for the use of two of its tools which are used to improve the speed and accurary of resource planning activities.

Sky High, a data collection and analysis group, has been awarded a three year framework agreement by Transport Scotland. The agreement, for an undisclosed sum, is for the collection and collation of a range of transport and land use data. Sky High has partnered IBI Group for the contract, although Sky High is the lead partner and it is expected that 80% of services will be delivered by Sky High-Count On Us, the traffic survey division of the firm

Plexus Holdings, an oil and gas engineering services business, has recieved an order from BG Group subsidiary BG International for its POS-GRIP friction-grip method of wellhead engineering for gas exploration drilling operations in the North Sea. The £1.3m revenues for the order are expected to begin in November 2012. The order follows on from a five year framework agreement signed between the two companies in 2006.

Valiant Petroleum, a North Sea oil explorer, has announced that the WilHunter semi-submersible drilling rig has arrived on location to drill the Timon prospect, in which Valiant has a 10% stake. Drilling on the well is anticipated to start within the next few days and will take around 40 days to complete. Gross best estimate prospective resources are estimated by Valiant to be 30m barrels of oil equivalent, of which its stake will entitle it to 3m.

Niche Group, an oil and gas focused investment company, has reported that two of its part-owned wells in the Hatay region in the Iskenderun Basin, onshore south east Turkey, have encounted gas shows, but neither is likely to prove commercially vaible. Well Ciftlik-1 was tested at three invtervals, but no gas flowed to the surface, indicating reservoir quality sandstones were not developed at this location. Well Kastal-1 encountered 'significant' gas shows, but was suspended for well-control reasons. The firm said it is likely the well will be abandoned.

The International Consolidated Airlines (IAG) Q1 update comes the day after the same update from discount carrier EasyJet (EZJ). The fact that the former Iberia / British Airways flag carrier is struggling to add to its own no frills offering thanks to industrial action could ensure that at least for the near term EasyJet continues to deliver the type of 4% rise in year on year passenger numbers reported in April. But IAG recently received a fundamental boost from Credit Suisse, which upgraded the stock from neutral to outperform despite expectations of a Q1 operating loss of €239m, which it says should be outweighed by an encouraging outlook for summer pricing.

Experian (EXPN) enjoys a commanding position in the credit checking market, a sector that has moved acutely into focus in the wake of the Credit Crunch. Just as important as the defensive attractions of its non-cyclical business are the growth prospects associated with its exposure in emerging markets such as Latin America. Boosted by this, the group announced constant exchange rate organic revenue growth of 7% for Q3, with expectations for the full year for this outperformance to continue. Just to make sure, Experian also announced acquisitions in Japan and the U.S. presumably in order to turbo charge earnings going into the new financial year