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Commenting on the results Patrick Kennedy, Chief Executive, Paddy Power plc said: 'These are record results for Paddy Power, with increased profit in all divisions. They demonstrate the benefit of our ongoing business development initiatives and investment, which position the Group well for further growth in 2011 and beyond. 2011 has started well for the Group with turnover up 16% and total gross win up 38% in the first two months versus the same period in 2010 in constant currency.'

Highlights: - Operating profit growth of 56% to €103.8m. Increased profit in all divisions. Adjusted diluted EPS growth of 40% to 168.9 cent; - Substantially increased online scale. Gross win up 88% to €250m. Operating profit up 52% to €75.0m (72% of Group operating profit); - Strong paddypower.com growth. Gross win up 52% to €163.7m. Operating profit up 26% to €57.5m; - Strong Australian performance. Online gross win up 44%*. Operating profit of €19.5m**; - Almost six-fold increase in UK Retail operating profit to €7.4m. EBITDA per shop up 29% to £141,000. 31 new openings; - 8% increase in Irish Retail operating profit to €17.6m. Increased share of market; - Early buy-out of the minority shareholders in Sportsbet giving the Group the benefits of full control; - 29% increase in the proposed final dividend to 50.0 cent per share which would increase the full year dividend by 28% to 75.0 cent per share; - Mobile turnover up more than three-fold to €112m or 11% of sportsbook stakes. 31% of our online sportsbook customers now transacting with us via mobile, generating 19% of stakes.

http://www.investegate.co.uk/Article.aspx?id=201103070700134032C

Paddy Power profits soars Date: Monday 07 Mar 2011 LONDON (ShareCast) - Irish bookie Paddy Power accompanied record results in all divisions last year with a 28% dividend hike. The firm produced record turnover of €3.8bn in 2010 and operating profit of €104m, while pre-tax profits rose from €67.2m to €104.2m. UK Retail operating profit increased almost six-fold from €1.3m to €7.4m. Irish retail operating profits by 8% to €17.6m. Online operations generated €250m of gross win and €75m of operating profit. Operating profit growth of €26m comprised paddypower.com growth of €12m and Australian growth of €14m. “The year [2011] has started well. Turnover growth and sporting results have been strong, notwithstanding Australia being affected by severe adverse weather. Sportsbook amounts staked are up 16% and total gross win is up 38% in the first two months. This reflects the strong momentum in the Group, as well as a weak 2010 comparable. The group looks forward to 2011 and beyond with confidence,” chief executive Patrick Kennedy said. The dividend for the year rises by 28% to 75c.

Nick Stagg, Chief Executive, commented: "In 2010 we took decisive action to make the Group a more robust business with improved prospects for growth in 2011 and beyond. During the period, we strengthened our balance sheet, reduced costs, and successfully completed the formation of Kurt Salmon, alongside Alexander Proudfoot. We will continue to concentrate our efforts on investing in organic growth in our key markets, and improving operational efficiency, in order to progressively benefit our bottom line performance over the next two years. Whilst the risks of instability in the global economy remain, activity levels so far in 2011 are encouraging."

Key points · Revenue broadly unchanged from previous year at £270.4m (2009: £276.5m) · Operating profit up 88% to £18.0m (2009: £9.6m) · Underlying operating profit down 17% to £23.3m (2009: £28.0m) · Underlying operating margin lower at 8.6% (2009: 10.1%) · Net debt at year end down 35% to £54.4m (2009: £83.5m) · Underlying EPS down 30% to 3.5p (2009: 5.0p). Basic EPS 2.4p (2009: 0.4p) · Total dividend 0.45p per share (2009: 0.4p per share) · Raised £25m in June 2010 to recapitalise balance sheet · Merger of Ineum and KSA completed on 1 January 2011 · Encouraging levels of business in early 2011

http://www.investegate.co.uk/Article.aspx?id=201103070700134030C

CHU have done well to keep SP level today - premiums up which is perhaps balancing profit drop

Commenting on the results, Robert Stuchbery, Chief Executive Officer, said: "It was another challenging period for the insurance industry, dominated by high profile natural and man made catastrophe losses. This impacted the result of our Property Division, although Energy, Marine and Nuclear produced good results. We are also pleased with the progress made by our UK Division towards its target of a sub 100% combined ratio for 2011. The implementation of our new Foundation Flex Flagship Strategy is gaining momentum and bringing positive change to the business. Within this, we benefit from a diverse portfolio, which enables us to direct capital where opportunities arise. This flexibility is driving our current development of the business, with underwriting growth focused on international energy and the UK motor markets, where we have achieved healthy rate increases. In other areas, where the softening market continues, we have reduced capacity accordingly."

Business outlook - New Foundation Flex Flagship Strategy launched to deliver superior long-term value to shareholders - Syndicate 1084 capacity increased to £825m for 2011 (2010 £745m), with planned growth across UK motor and energy portfolios - Launch of new International Liability Division with a capacity of £43m for 2011 - Group underwriting interests increased 7.7% to £707.2m in 2011 (2010 £656.9m)

Underwriting performance - A difficult underwriting period with a number of major natural and man made catastrophes - Combined ratio of 99% (2009 93%) - Reserve releases of £20.8m (2009 £31.8m) - UK Division achieved rate rises of 17.3% - Contribution of £5.6m from Turnkey Solutions and management activities (2009 £5.9m) - Expansion of international network with a new office in Argentina

Financial highlights - Profit before tax and foreign exchange on non-monetary items of £34.8m (2009 £75.3m) - Profit before tax of £32.9m (2009 £42.0m) - Gross written premiums increased by 6.7% to £848.7m (2009 £795.6m); up 5.7% on a constant currency basis - Investment return of £33.6m (2009 £53.3m), a return on average funds of 2.7% (2009 4.3%) - Post-tax return on equity of 7.0% (2009 9.7%) - Undiluted earnings per share of 4.3p (2009 5.8p) - Net asset value per share of 60.0p (2009 61.7p) - Final dividend of 2.7p recommended, making a total dividend of 4.0p (2009 4.0p)

http://www.investegate.co.uk/Article.aspx?id=201103070700144067C

Frontier Mining Ltd (AIM: FML), the AIM listed gold and copper exploration and development company focused on Kazakhstan, announces that it has assembled a project team of highly experienced consultants to complete a BFS of the Company's Benkala project. The team members are all widely experienced in the completing of major projects in CIS and worldwide, from scoping level through to full bankable feasibility studies, and at the same time are conversant with the requirements of both the London and North American stock exchanges as well as Kazakhstan's country specific legislation and regulations. The team includes staff members of four engineering firms with an outstanding track record in providing services to the global mining industry. The scope of the BFS will be fully encompassing including all Geological reviews, Resources, Mining Reserves and Production Forecasts, Mining Operations, Metallurgical Processing, Environmental Assessments, full Capital and Operating Costs, and with compete Financial analysis. The fully detailed scope is available on the company website www.frontiermining.com. As major project parameters have already been agreed, and most of the engineering and procurement has been sourced or completed, it is expected that the Bankable Feasibility Study will be finalised within the next 60-70 days. The team Project Manager will be David Chilcott, Associate with Wardell Armstrong International (WAI), who will coordinate all issues with the Client. He will be in charge of providing detailed terms of reference for all members of the team, and in addition, will be responsible for the timely completion of the draft and final documents.

http://www.investegate.co.uk/Article.aspx?id=201103070700154102C

Wolfhart Hauser, Chief Executive Officer, commented: "Intertek has produced strong results for the year with a notable acceleration in the second half. Market conditions improved as the year progressed and we invested in both people and assets to capture this recovering growth. We are pleased to announce today that we have agreed to acquire Moody International (Moody) for approximately US$730 million (GBP450 million) from companies controlled by Investcorp Securities Limited. Moody is a leading quality and safety services provider to the global energy industry and a global provider of systems certification services. Further information on this acquisition is provided in a separate announcement today. As market conditions continue to improve, the enlarged Group is very well positioned to continue its record of strong organic revenue growth of high single digits. With this acquisition, we expect the Intertek operating profit margin to be broadly similar in 2011 with that of 2010 and we are confident that, over the medium term, we will see the Group's overall margin progressively increase."

Strong results - capturing recovering growth Highlights · Total revenue growth of 11% · Organic revenue growth of 7.7% at constant currency · Adjusted operating profit¹ growth of 9% · Adjusted operating profit¹ margin 16.6% · EPS and Dividend increase of 10% · Acquisition of Moody for approximately £450m

http://www.investegate.co.uk/Article.aspx?id=201103070701114070C

Summary of the Acquisition Intertek Group plc ("Intertek" or the "Company"), a leading international provider of quality and safety services, announces that it has entered into a conditional agreement to acquire Moody International ("Moody") for a consideration of US$730 million (£450 million) on a cash-free and debt-free basis (the "Acquisition"). Moody is a leading worldwide provider of quality and safety services to the global energy industry. It also provides systems certification services to the manufacturing, construction and service markets. Moody is headquartered in Haywards Heath, UK, and employs approximately 2,500 people in over 80 offices and 60 countries. Moody is currently owned by companies controlled by Investcorp Securities Limited, and the management of Moody. Intertek is funding the Acquisition entirely in cash from new and available debt facilities.

http://www.investegate.co.uk/Article.aspx?id=201103070700154100C