Member Info for mulledwine

Operational highlights: · Insurance Services: o Strong performance in UK with improved margins benefitting from 2009 restructuring, tempered by weakness in US and Australia as volumes decline; o Restructuring in these two markets underway and additional business will contribute in 2011. · Financial Services: o Business in securities transactions remains subdued; o Fund administration business performed well with additional new business; o New EP with SIA-SSB in H2 makes first contribution, but integration of platform is challenging. · Technology: o Strong growth, particularly in UK; o US and Asia Pacific regions weaker, although outlook for Asia Pacific is more positive; o Technology gained from Data Integration acquisition enabled new business wins; o Additional services provided to existing customer LME. · Procurement and HR: o Business affected by reduced volumes in procurement; o New cross-border contract, but net new business was down. · Revenue visibility going into 2011 is £648 million. · Order book of £1.6 billion as at 1 January 2011. This represents the remaining contracted value of all existing customer relationships.

Financial highlights: · Revenue growth of 4% - organic revenue declined 1.5% offset by acquisitions · Underlying operating profit increased 5.3% · Adjusted operating profit of £55.5 million, excluding one-off items · Statutory operating loss of (£55.6) million after exceptional items totalling £112.5 million · Goodwill impairment for Cambridge of £90.0 million · Other asset impairments of £20.0 million · Underlying EPS growth of 1.3% · Net cash increased slightly to £24.8 million; debt in centrally controlled entities of £55.9 million · No dividend recommended (FY 2009:2.75 pence)

http://www.investegate.co.uk/Article.aspx?id=201103010700220393C

http://www.investegate.co.uk/Article.aspx?id=201103010700220507C

1 March 2011 Development Securities PLC ("Development Securities" or "the Company") Audited preliminary results for the year ended 31st December 2010 Development Securities PLC, the leading property development and investment company, today announces a profit before tax of £2.6 million for the year ended 31st December 2010 compared to a loss before tax of £11.4 million for the year ended 31st December 2009. Shareholder funds benefited from £100.2 million issue of new equity in July 2010 (the second equity raising in 12 months following a Firm Placing, Placing and Open Offer of £100.0 million in June 2009) increasing net assets for the 2010 year end to £333.1 million from £244.0 million at the end of the previous year. The Group has made excellent progress in investing the proceeds from its two recent equity raisings, with acquisitions totalling £233.6 million since July 2009 into a range of investment properties and development opportunities. Total returns from our investment property portfolio of 15.2 per cent equalled the IPD UK Quarterly Property Index for 2010, a strong performance given that our portfolio has no representation in Central London markets. The comparable return from the Index for property outside Central London was 10.1 per cent. Development Securities maintained its conservative Balance Sheet management profile, with gearing at 27.7 per cent (2009: 23.9 per cent), and weighted average maturity of borrowings at 8.3 years (2009: 6.9 years) (both figures including share of joint ventures). The recovery in the banking sector is likely to be a long and drawn out process with a continued reluctance to lend to the real estate sector. Wider economic uncertainty and the pressure on the consumer offer little prospect for rental growth. Against this backdrop, we see continuing opportunity in regional and secondary markets, where capital availability will remain constrained even for the better schemes. We continue to target opportunities where redevelopment of secondary stock will create new institutional investment product. We believe that the combination of our real estate expertise and available capital will enable Development Securities to secure attractive returns in the secondary market for some time to come.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4078325

Might be a share to do some research on - Alba has been consistently ranked as one of the largest aluminium smelters in the world, and is known for its technological strength, global competitiveness and innovative policies. Alba produces more than 860,000 metric tonnes per annum of aluminium which meet or exceed the industry standard for purity, with products including standard and T-ingots, extrusion billets, rolling slab, propertzi ingots, and molten aluminium. It has also maintained a strong track record of operational safety and environmental compliance.

The Chairman of Alba's Board of Directors, Mahmood Hashim Al Kooheji said: "Alba remains firmly positioned in gaining global leadership in the aluminium industry as the company capitalises on the opportunities available through the recovery of demand for aluminium in 2010. There has been an increased focus on expanding the global footprint of Alba's portfolio of high-value aluminium products, greater emphasis on continuous improvement processes, and in delivering results to our growing list of shareholders who have keenly demonstrated their trust in Alba's ability to maintain and exceed growth targets. "The encouraging results of the full year and fourth quarter 2010 indicate that the company remains on track in meeting some of its plans for expansion and in bolstering overall organisational performance. I like to congratulate both the Alba management and employees in the successes gained in 2010, and am positive that through greater collaborative efforts, we will experience many more achievements in 2011."

http://www.investegate.co.uk/Article.aspx?id=201103010700070513C

Barry Giddings, Chairman for Avia, commented: "We are very pleased to have both AB Informatics and DeMiTAG HealthConcepts on board as resellers into the Nigerian territory and we are confident by continuing to build our international reseller network this will lead to further global sales of the Odyssey product range."

http://www.investegate.co.uk/Article.aspx?id=201103010700240297C

The data obtained during the 2010 drilling programme confirmed the Company's expectations and demonstrated that conditions favourable for roll-front uranium mineralization exist well below the already known horizons. Of particular note are holes 1, 2, 8, 9, 10 and 11 which intersected beds of permeable arkose sandstone and extensive zones of reduction and pervasive oxidation down to depths of 400 m. The lithological composition of the host rock units, porosity, location and extent of the oxidized zones indicate ideal geological settings for multiple mineralized roll-fronts. The scale and intensity of the observed redox processes is particularly encouraging as they are considered adequate for producing significant uranium deposits. Roll-front uranium deposits form in flat-lying, permeable clastic sediments at the interface of advancing oxidizing groundwater and reducing conditions. The intensity of oxidation and its spatial extent are indicative of the duration of these processes and volume of the sedimentary rock that has been altered and depleted of uranium and associated elements. The 2010 programme was designed, after extensive and thorough data collation and analysis, to verify the Company's geological and structural model and generate targets with both near-surface and deep mineralization. The programme comprised 11 vertical diamond drill holes in two phases totalling 4,170 m and targeted the areas with known uraniferous mineralization as well as new zones. The eleven holes, 300m to 500 m deep and 500m to 4,000 m apart, were positioned in 3 intersecting fences covering a large area 8 kilometres long and 4 kilometres wide. The ongoing in-depth interpretation of geological and geochemical results of the 2010 programme will significantly narrow the search radius and generate defined drill targets for the 2011 programme. To compress the timeframe and minimize exploration risks, the Company is utilizing sophisticated geological and geochemical modelling to process the 2010 data. Since acquiring control of the Tanzanian projects, the Company has developed a complex, proprietary geological model by using remote sensing, geophysical, field mapping, and structural interpretation data. This model is continuously enhanced and updated within the areas with previously known mineralization, the drilling produced contiguous intercepts with significant U3O8 grades in holes 1, 9, 10, and 11.

http://www.investegate.co.uk/Article.aspx?id=201103010700220391C

Recruiter Staffline Group (STAF) posted doubled pre-tax profits for the year ended 31st December 2010, boosted by increased demand from existing customers, new OnSite openings and acquisitions made both in 2009 and 2010. The company, a specialist supplier of blue collar temporary and contract staff, reported pre-tax profits jumped to 7 million pounds on revenues up 79% to 206.2 million pounds. It added that it has made a "good start" to the new financial year

ANT (ANTP), the provider of software and services for the delivery of digital TV, has licensed its Ant Galio Platform and core TV applications to Surplus Technology, a provider of multimedia system-on-a-chip for home entertainment applications. The platform and application will both be integrated with Surplus' technology to support the deliver of Over-The-Top web enabled TV services to the European market.

@UK* (ATUK), the cloud e-commerce marketplace provider, has won a contract to provide a Spend Analysis service and e-commerce marketplace to the University of Huddersfield for an undisclosed fee. The company, which has over 1 million consumers using its services, said the e-commerce marketplace project will help drive innovation in procurement and best value for the University

Engineer Keller Group (KLR) posted narrowed pre-tax profits for the year ended 31st December 2010 after a downturn in global construction activity, particularly in the US and much of Western Europe, hit its operating margin. The world's largest independent ground engineering specialist announced pre-tax profits of 39.6 million pounds in the 12-months, which compares with 74.7 million pounds a year earlier. This was despite a 3% rise in revenue to 1,069 million pounds as operating margin dropped to 4.1%, down from 7.4% in 2009.

Trading at Chemring Group (CHG) for the three months ended 31st January 2011 was 38% higher than the comparable period a year earlier, the defence company announced, driven by continued strong growth in its counter-IED and Munitions businesses. The firm also added that its order book increased by 64% to 944 million pounds. "This strong order book and the continued growth...provide a solid foundation for 2011, and the board remains confident that the outlook remains in line with its expectations," the company commented.

Recruitment agency Hays (HAS) reported a 60% jump in pre-tax profits - before exceptional items - for the first-half ended 31st December 2010, boosted by growth in its international business, and said it remained positive on the future. The group, which specialises in placing office workers such as accountants and secretaries, posted an underlying pretax profit of 48.6 million pounds for the six months on turnover up 22% at 1.58 billion pounds. Commenting on this, chief executive Alistair Cox said: "With almost two thirds of our net fees now generated outside the UK the business is well placed to capitalise on the excellent long term structural growth prospects ahead."

Earnings per share at Pearson (PSON), the education and publishing group, beat analysts' expectations and the company's own, month-old, guidance for the year ended 31st December 2010. Adjusted for currency fluctuations, divestment and acquisitions, full-year revenues grew 5% to 5.66 billion pounds with pre-tax profits up to 670 million pounds, a 28% increase. Adjusted earnings per share were 77.5p, ahead of the 76p indicated by the group only last month. The dividend rises 9% to 38.7p, the biggest increase in a decade. Looking ahead, the company said it was expecting growth in sales, profit margin and EPS in 2011.