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John Conoley, Chief Executive, said: "2010 was a year of significant strategic and operational achievement for Psion but with no evident improvement in financial performance, as we invested heavily in new product development. The business transformation we have seen over the last two years has brought rewards both in terms of operational effectiveness and competitive differentiation. Our new product developments remain on track and on budget. We are therefore confident in our ability to grow revenues more quickly than our costs in 2011 and beyond. We are on track to realise our strategic goals, and Psion is now well placed to grow to its full potential in existing markets while expanding into new markets."

Key Points § Results are in line with the Board's expectations communicated in January. § Revenues in 2010 were £174.5m (2009: £170.0m). § Order books remain stable at £27.6m (2009: £27.6m). § Operating profit of £5.7m (2009: loss of £3.1m) § The Group's cash balance at the end of the year was £36.9m (2009: £45.3m). § Previously announced product developments and launches are on track and on budget. § The improvement in sales activity reported in the second half of 2010 has continued into 2011: - Follow-on orders received from Atos Origin of approximately €1.3m in addition to the €1.2m previously announced - €1.0m order for first-stage deployment by EDF - Several sizeable orders from channel partners - Modular architecture generating orders and opportunities § The Board is recommending a final dividend of 2.7p (2009: 2.6p) which, if approved by shareholders will make a total dividend of 4.0p for the year

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Commenting on today's results announcement, Jim Ryan, Chief Executive Officer, said: "During 2010 the Group delivered on a number of its strategic objectives, the most significant of which was the announcement of our transformational merger with bwin, the world's largest listed online sports betting business. We also completed the integration of both Cashcade and WPT whilst our French network has captured around 14% of the newly regulated French poker market[1]. In the US we believe there is growing political and commercial will to regulate online gaming and that we are well-positioned to exploit our strong franchise in that market should regulations allow. "As our merger with bwin is set to complete on 31 March 2011, we are finalising our plans to integrate both businesses as quickly as possible and remain confident about delivering the cost and revenue synergies we have already identified in line with the previously announced timetable, with the full €55 million per annum being delivered by 2013. We plan to provide a further update on our progress at the time of the half year results in August 2011." Regarding current trading he added: "The Group has continued to perform in-line with the Board's expectations. In the two-month period ended 28 February 2011, average gross daily revenue was €1,431,800 (Q410: €1,425,400). New poker player sign-ups increased to an average of 1,905 per day (Q410: 1,853) and there were on average 52,400 active poker players per day (Q410: 50,400). Average gross daily revenue for poker was €452,600 (Q410: €440,200), for casino was €557,100 (Q410: €577,200), for bingo was €339,100 (Q410: €337,200) and for sports betting was €83,000 (Q410: €70,800)."

● Total revenue up 15% to €357.3m (2009: €310.1m) with a softer performance in poker mitigated by strong growth in all other verticals ● Continuing Clean EBITDA* up 7% to €100.4m (2009: €93.8m), slightly ahead of market expectations ● Continuing Clean EPS* of 13.5 € cents (2009: 14.9 € cents); total Clean EPS of 13.4 € cents (2009: 14.8 € cents) ● Net cashflow from Continuing operations of €86.3m (2009: €86.3m) with net cash at the year end of €156.7m (2009: €114.5m) ● Transformational merger with bwin on track to complete and new shares in bwin.party digital entertainment plc to begin trading on 31 March 2011 under the ticker BPTY ● Current trading in-line with Board's expectations; gross revenue per day of €1,431,800 (Q410: €1,425,400) ● Good progress in newly regulated markets; more regulation in Italy and Denmark expected during 2011

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Chief Executive, Matthew Ingle, said: "Against a tough economic backdrop, Howdens has produced outstanding results for 2010, reflecting the efforts of all our staff, and our unique and robust business model. "The performance of all aspects of the business has underlined our assessment of the scale of the opportunities before Howdens. Along with the continued strength of the business and its resilient financial performance, these provide the foundations for us to increase our investments in the long term growth of the business. "Nonetheless, we expect market conditions to continue to be challenging this year and we remain cautious about the outlook. As in recent years, we will continue to adapt our business model to the market and economic conditions we encounter."

Financial results (see note 1 below) · Howden Joinery UK depot revenue increased by 5.1% to £795.1m (up 3.6% on same depot basis). Group revenue was £807.9m (2009: £769.5m); · Gross profit margin rose from 56.2% to 59.8%; · Operating profit increased to £107.4m (2009: £79.5m); · Profit before tax rose by £32.2m to £100.9m; · Basic earnings per share increased by 2.8p to 11.1p; · Helped by a number of 'one-off' items, there was a cash inflow of £32.6m; · Net cash of £35.0m at 25 December 2010 (26 December 2009: £2.4m net cash). Business developments · Continued focus on selling prices and purchasing costs has enabled the gross profit margin to increase by more than 6 percentage points in the last two years; · Investment in the future growth of the business stepped up: - 27 new depots opened in 2010, bringing total to 489; - capital expenditure totalled £19.2m; - £12.3m investment in operating costs to support growth, including over 180 additional staff in existing depots, and increased new product introduction and brand advertising; · Further mitigation of legacy property liability, with termination of leases on four more legacy properties since the Interim Management Statement in November 2010; · Subject to the continued progress of the Group, the Board intends that a prudent dividend should be paid with respect to the current financial year (FY 2011). Current trading · Comparative sales performance in the first part of 2011 was materially driven by the weather impact on trading at the start of 2010, Howden Joinery UK depot revenue in the first two periods of 2011 increasing by 14.2%, up 11.6% on a same depot basis. In addition, 2011 sales benefitted from an initiative to capitalise on the busy post-Christmas trading period of the non-trade kitchen market. Excluding these factors, management estimate that underlying growth was around 5%; · Management's expectations for the year remain unchanged, taking into account economic conditions.

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Iomart (IOM) continues to see strong demand for the outsourcing of IT services to the cloud, the cloud computing and managed hosting services company announced, with the business closing between 30 to 40 new orders per month. "We believe that cloud computing has reached a tipping point, having significantly moved through the early adopter phase over the past six months," commented chief executive Angus MacSween. "Almost every company...that we speak to is considering either a full or part cloud solution for their IT needs." Shares in Iomart fell by 1.5p tp 87.5p

Annual results at Printing.com (PDC) are expected to be in-line with market expectations, the printing group announced in a trading update as activity across the UK and Ireland continued at anticipated levels. The company added that, following the acquisition of Media Facility Group BV, trading across the various Dutch brands has "progressed well" and exhibited year-on-year growth. Printing.com shares were unmoved at 36p.

Energy services group Cape (CIU) swung to a pre-tax profit for the year ended 31st December 2010, helped by strong demand in the Far East/Pacific Rim region, and said it expects international markets to drive a sustained period of high earnings growth from mid 2011 through to 2015. For the 12-months, the provider of non-mechanical support services to the energy and resources sectors posted a pre-tax profit of 63.1 million pounds, which compares to a loss of 15.6 million pounds a year earlier. A final dividend of 8 pence per share will be paid, the group added, taking the annual dividend to 12 pence per share. Fund manager Mark Slater, whose MFM Slater Growth Fund is 7.63% invested in Cape, was rumoured to be seen dancing a jig outside his office as Cape shares surged 59p to 466p

Halma (HLMA), the safety, health and sensor technology group, has completed the acquisition of the water technology division of Wagtech International for a cash consideration of 3 million pounds. Commenting on this, the group said the acquired business - which is to be merged with its water analysis business, Palintest - will increase its presence within developing regions such as Africa and Asia. The acquisition was funded from the group's existing cash and debt facilities. Shares in Halma inched ahead 0.3p to 338.3p.

In a move to provide it with access to new types of location and create a growth opportunity in the UK's self-serve coffee bar sector, Costa, a wholly owned subsidiary of Whitbread (WTB), has announced the acquisition of Coffee Nation for 59.5 million pounds. Separately, in a trading update, the group also revealed that total sales grew by 12.4% in the 11 weeks to 17th February 2011 and the result for the full year will likely be in-line with market expectations. Whitbread shares slipped 90p to 1,644p.

Standard Chartered's (STAN) pre-tax profits rose by 19% in the year ended 31st December 2010 even though its staff costs increased by almost as much on the back of a recruitment drive and pay inflation in the Chinese and Indian banking markets. The emerging markets-focused bank revealed a jump in annual pre-tax profits of 6.122 billion dollars (3.769 billion pounds), boosted by a drop in loan impairment losses, which fell 56% to 883 million dollars (544 million pounds). Looking ahead, the group said it was confident of achieving double-digit growth in income in 2011 and beyond. Shares in Standard Chartered climbed 70p to 1,688p.

Arbuthnot issued a "strong buy" recommendation for First Derivatives (FDP), the provider of products and consulting services to the capital markets industry, with a 539p target price. The broker notes that the group has secured additional financial support from Invest Northern Ireland, the Northern Ireland Economic Development Agency, to enable the business to embark on a programme of expansion for its capital markets consulting business. This, the broker believes, should provide further evidence to investors of the company's growth ambitions.

Evolution Securities initiated coverage on AG Barr (BAG), the soft drinks manufacturer, with a "neutral" rating and 1,000p target price. The broker said it expects the group's growth to continue to out-strip the growing soft drinks market in Great Britain as the company pursues its strategy of expanding out of its Scottish heartland into England and Wales. However, with the firm trading at a premium to both the European beverage sector and an international soft-drinks peer group, and raw material prices rising, Evolution thinks further share price increases are, at the moment, unlikely.

Seymour Pierce have an add and GBP20.20 target for Standard Chartered