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Anglo American: Goldman Sachs reduces target price from 1240p to 1180p and keeps its sell recommendation.

Imperial Innovations Group has proposed raising up to £150m through the placement of shares to fund its existing portfolio and source investment opportunities in new technologies. The UK technology transfer and commercialisation company will place ordinary shares at no less than 400p each. Chairman Martin Knight, said: "The board believes that strengthening the group's balance sheet through the placing would greatly enhance its ability to attract high quality investment opportunities. "It would also improve the group's ability to support portfolio companies from inception until their full development, as illustrated by the recent successful initial public offering of Circassia Pharmaceuticals."

"It builds on our experience in delivering large scale and complex projects [...] and positions us well to continue building on our key strength in fragile states by converting our strong pipeline of opportunities." Good rns............

WYG, a project management and technical consultancy, has been appointed as the key partner in a consortium that has been awarded a major new contract in Libya by the UK's Department for International Development (DFID). Under the contract, which forms part of the UK's Security, Justice and Defence (SJD) programme in Libya, WYG will deliver the first phase of a security programme for a period of up to 34 months. The work will culminate in the delivery of an inception report which, if accepted, is expected to lead to further work on the project, which has a total potential value of approximately £28m and would involve overseeing the training of police officers and judicial police. Other components would include improving court administration and security, securing munitions, and weapons stockpiling and decommissioning. Paul Hamer, Chief Executive Officer of WYG, said: "This contract win is a major achievement as it is the single largest stabilisation project in Libya tendered by DFID to date, demonstrating WYG's expertise and leadership in delivering critical, strategic programmes in fragile and conflict affected states over the past 20 years as well as its ability to create growth by working closely with globally recognized partners such as Cardno.

Shares in eg solutions, a back office optimisation software company, jumped after announced its revenue for the first six months of the financial year ahead of the comparative periods in 2012 and 2013. As such, its financial performance for the full year to January 31st 2015 will be ahead of its expectations. The increase is the result of a number of contract wins from both new and existing customers. Elizabeth Gooch, acting Chief Executive, said: "We have made good progress in the four months since the year end; this has given the board greater confidence and visibility for the full year performance. "We have refocused the business, making a number of senior hires in key areas of the business, and we are beginning to see the benefits of this. We still have more work to do to capitalise on the market opportunity, but believe we are starting to build momentum.

AIM-listed Macromac has agreed to acquire Smile Interactive, a mobile content gateway provider in Thailand. The group, a Malaysian mobile messaging platform operator, has entered a share sale and purchase agreement (SPA) for the acquisition of a 49% direct interest, with the remaining 51% indirect interest in Smile held via an investment arm, Future Max, which will be 49% controlled by Macromac and 51% controlled by Smile. Macromac, which floated on AIM in September last year, will pay a maximum consideration of up to the equivalent of £2m, which will be satisfied by a cash payment of £1.8m and the issue of up to 4.41m new shares at 42p each. Smile's Gateway platform provides its customers with digital marketing solutions across the mobile phone networks. In 2013, Smile generated revenue of around £2.64m, of which around 39% came through business generated by Macromac. Pre-tax profit of around £0.28m, while assets at the year-end totalled approximately £0.23m. Michael Lew, the Executive President of Macromac, said: "The board has always intended for Macromac to participate in Thailand's messaging services business in an increased way in 2014 and it is confident that success in Thailand will raise Macromac's industry profile to help it become a leading provider of mobile content services in ASEAN. "The Smile transaction will also fulfil our strategic objective of geographically expanding into neighbouring countries, which was one of the primary objectives for listing on AIM last year."

Gasol plc ('Gasol' or the 'Company') (AIM: GAS) Gasol repays BBH funding facility The Board of Gasol announces that it has agreed to repay the convertible loan facility provided by GS Banque SA ("GSB") (formerly Banque Benedict Hentsch & Cie SA). The loan facility was first provided by GSB in January 2010, and was last renewed for a 12 month period in December 2013 when half of the then maturing principal was repaid. At GSB's request the whole of the bond principal amount of £364,437.76, together with all accrued interest, is being repaid in cash. Alan Buxton, Chief Operating Officer at Gasol, said: "We would like to thank GS Banque for their continued support of Gasol, through their provision of the loan facility, over the last four years." - Ends - For further information, please contact

6 May 2014 ASX Code: BAB, AIM Code: BGL BULLABULLING GOLD DIRECTORS REITERATE THEIR UNANIMOUS RECOMMENDATION TO REJECT THE NORTON OFFER Bullabulling Gold Limited (Bullabulling Gold or the Company) notes the announcement made today by Norton Gold Fields Limited (Norton), declaring its cash offer for shares in Bullabulling Gold free from all conditions. Norton is offering 7 cents cash for every Bullabulling Gold share you hold (the Offer). The Directors reiterate to all Bullabulling Gold shareholders their recommendation that they REJECT the inadequate and opportunistic takeover bid by Norton. Bullabulling Gold is currently preparing its Target's Statement in response to the Offer and the Bidder's Statement. The Target's Statement will contain important information you need to consider the Offer. The Offer is currently not scheduled to close until 2 June 2014. We also note the Bullabulling Gold share price is currently trading at a premium to the Norton Offer price on both the ASX and AIM.

Positive Points: The number of products BSkyB's existing customers use, including broadband and high-definition TV, jumped by 764,000 in the third quarter. In total, its customers use more than 34 million products. In the period, the company reported it had added 74,000 net new TV customers and 108,000 net new HD customers. Furthermore, there were 284,000 new Sky Go Extra customers, an area where growth potential has been in evidence for the group. Sky has continued to strengthen its sports offering. It said it had agreed 17 sports rights deals so far this year including the US Masters, IPL cricket and European rugby.

Negative Points: Competition across the industry remains intense. Rival BT launched a new sports service in August 2013 which has been aggressively marketed. Sky's TV sales face growing competition from the likes of Netflix, which allows customers to pay to download movies, and Amazon's Lovefilm download and rental business and Virgin Media. The satellite broadcaster's profits are being impacted by the spiralling costs for sporting rights and a higher marketing spend. Programming costs were £2 billion in the nine months ended 31 March, up from £1.8 billion a year earlier.

Financial Highlights: BSkyB reported a profit before taxation of £793 million, down from £966 million in the corresponding period a year earlier. Revenues rose 7% to £5.7 billion, bolstered by demand for new products. Retail subscription revenue also grew by 7% to £4.6 billion, up from £4.3 billion a year earlier. The group's net debt as at 31 March 2014 was £1.54 billion.

Third quarter results: Today's announcement was well received by the market with the broadcaster's share price rising 4.4% in early trade. BSkyB, which provides pay-TV, broadband and telephony services, reported nine month revenues up 7% to £5.7 billion, in line with analyst forecasts. Profits, as expected were dented by the increased costs of sports rights, falling to £793 million (from £966 million). "We have had a strong third quarter and continued to grow at an accelerated rate as customers respond to the quality and breadth of our offering," CEO Jeremy Darroch said in a statement. The company, which has more than 10 million pay-TV customers is bolstered by the lion's share of UK broadcasting rights to cover live English Premier League football matches. It is investing in programming, network and hardware to win subscribers in the competitive "triple play" market of broadband, fixed-line phone and TV. The number of products its existing customers use, including broadband and high-definition TV, jumped by 764,000 in the quarter. In total, its customers use more than 34 million products. Outlook comments were bullish in tone with management reporting the group being on track to "deliver returns in line with its expectations"

Positive Points: Total assets under management advanced 2% to a record £268 billion. Schroders new inflows of £3.8 billion comprised of £1 billion in Institutional and £2.8 billion in Intermediary business. The fund manager's Wealth Management business saw revenues surge 90% to £50.3 million and assets under management rise 1% to £30.2 billion. The fund manager could be well positioned to benefit from the government's plans to shake up the pensions and savings industry. The company completed two acquisitions in 2013. In April, it bought US fixed income manager STW Fixed Income Management, and in July it acquired wealth manager Cazenove Capital Holdings Ltd. Headquartered in London with 27 offices worldwide, Schroders can trace its history back to 1804.

Negative Points: In cautious comments made by the Chief Executive, he said given uncertainties facing the market, retail investor demand "may reduce in the short term". Schroders, like its peers is exposed to market risk arising from market movements which could cause a fall in investments and a decline in the value of assets under management. The group's overseas operations are subject to foreign exchange rate risk. At the heart of any asset manager is the investment team. As with any fund management business, there is a risk that if a "star" manager leaves, investors and assets under management may follow.

Financial Highlights: The company reported a pre-tax profit of £130.7 million, compared with £115 million a year earlier. Revenue increased 11.1% at £358.8 million. Total assets under management amounted to a record £268 billion, up from £262.9 billion on 31 December 2013. New business inflows of £3.8 billion were reported, spread across multi-asset, equities and fixed income.

First quarter interim management statement: The asset manager registered a strong quarter, bolstered by net new business inflows of 3.8 billion pounds that helped lift assets under management to a record 268 billion pounds. Following the July 2013 acquisition of Cazenove Capital, Schroders Wealth Management segment saw revenues soar 90% to £50.3 million and assets under management rise 1% to £30.2 billion. Michael Dobson, Chief Executive, commented: "We had a strong quarter in Intermediary with high levels of net inflows in Europe and the UK although, with markets facing a number of uncertainties, retail investor demand may reduce in the short term". Schroders said there was a wide range of opportunities on the institutional side and it had a good pipeline of business, including a £12.2 billion mandate from insurer Friends Life. Based on the combined estimates of analysts that cover the company,

Positive Points: Management detailed the outcome of its review to optimise the group's structure. The identified activities will support the company's Strategic Priorities by refining and simplifying its operational platform and delivering at least $120 million of annualised efficiency savings. There are four main areas of action: 1) Aligning and improving its corporate functions 2) Driving procurement 3) Simplifying the business model 4) Optimising its facilities. For its Emerging & International Markets division, revenues grew by 9%. A series of acquisitions have recently been made in the Emerging Markets. Cost savings remain a focus. The group remains subject to occasional takeover speculation. The company has introduced a progressive divided policy.

Negative Points: For its Established Markets business, revenue declined by 1%, with revenues in the US revenue down 2%. The company reported a trading profit of $229 million, down 5% on the prior year. The delicate state of the economic climate, ongoing UK and European government spending cuts and US government healthcare reforms continue to provide a degree of uncertainty. A significant economic deterioration could lead to a dramatic decline in medical procedure volumes in the US and Europe. The company has exposure to foreign exchange fluctuation.

Financial Highlights: Revenue advanced 1% in the quarter to $1.07 billion. The company reported a trading profit of $229 million, down 5% on the prior year. Net debt was $216 million, down from $253 million at the end of Q4 2013.

First quarter results: The announcement saw management highlighting its confidence in the current full year outlook. The share price drifted marginally lower in mid-morning trading. The Chief Executive noted that "our underlying revenue growth was 1% in the first quarter. We remain confident in our 2014 outlook as we roll-out our strong pipeline of new products, benefit from recent investments in marketing and the salesforce and see an increasing contribution from acquisitions." For its Established Markets business, revenue declined by 1%, with sales in the US down 2%. However, for its Emerging & International Markets division, revenues grew by 9%. China again performed strongly (sales growth of 30%), whilst its 2013 Turkish and Indian acquisitions began to deliver benefits. Management also detailed the outcome of its review to optimise the group's structure. The identified activities will support the company's Strategic Priorities by refining and simplifying its operational platform and delivering at least $120 million of annualised efficiency savings. In all, and with the share price up around 25% of the last year