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Positive Results from ActiVita™ Agriculture Research Collaboration with Oxford University Potential as broad-spectrum agricultural fungicide demonstrated PuriCore(LSE: PURI), the water-based clean technology company, announces further positive results from the testing and analysis of its ActiVita Agriculture Solution, carried out in conjunction with The University of Oxford Department of Plant Sciences. ActiVita is being developed as a safe and highly effective fungicidal seed, plant, and harvest protection agent for major crops including rice, corn, and potatoes. Test results continue to showthat ActiVita is a potent broad-spectrum antifungal agent that is capable of successfully inhibiting spore germination of the rice blast fungus and several other notable crop pathogenic fungi and oomycete diseases (such as potato blight) without causing harm to the plants and seeds at antifungal concentrations. In addition, ActiVita has been shown to be a potent cell disruptant, and further study is underway to describe the mode of action more accurately. The annual fungicide market is valued at approximately $12 billion worldwide,1 yet substantial crop loss due to pathogen infestation continues to be a major global issue with an estimated loss in the range of $100 billion of major crops every year. PuriCore now plans to enter discussions with potential partners to commercialise ActiVita to address the growing demand for a safe and effective fungicide for seeds and crops.

http://www.investegate.co.uk/Article.aspx?id=201210030700137908N

Valuation: 60% increase to EPS, 2% to NPV10 A revised 5,750t of Cu cathode produced for 2012 equates to our raising our EPS guidance from 6.7c (based on our long-term Cu price of US$3.00/Ib and 5,000t copper cathode produced) to 12c (using the average realised copper price achieved to end June of US$3.44/Ib). Our NPV10 increases marginally from £1.11/share to £1.13/share (using a long-term 3.00/Ib Cu price from 2013 onwards).

http://www.edisoninvestmentresearch.co.uk/researchreports/CAML021012update.pdf

Valuation: £55-70m ex-US DCF vs £48m EV The US is a significant additional opportunity, which is not yet factored into the Edison revenue model. We intend to include this when a US partner is secured and there is visibility on both development timelines and deal economics. Allergy’s EV of c £48m (market cap of £48.8m minus net debt of £0.6m at end-June 2012) compares with an implied £55-70m DCF-based valuation range (12.5% discount rate; 2.5-5.0% TGR).

http://www.edisoninvestmentresearch.co.uk/researchreports/Allergy021212update.pdf

Shore Capital maintained its "sell" rating for Matchtech (MTEC) ahead of the recruitment agency's preliminary results release on 4th October. The broker expects the results to be at the lower end of consensus forecasts, suffering from slowing rates in the fourth quarter. Shore believes that the firm is currently supported by temporary placings and said that it will continue to struggle until it sees a return to growth for permanent fee income. However, the broker noted that this could happen in the second half of the 2013 financial year.

Amid speculation that Sportingbet (SBT) has rejected a joint takeover bid from William Hill (WMH) and GVC Holdings (GVC) at 52.5p per share, Panmure Gordon reiterated its "buy" recommendation for the online gambling company with a 62p target price. The broker expects the consortium to return with a higher offer if the rumours prove true, but also noted that Sportingbet's advisor Lazard has reportedly been in discussions with other potential buyers.

Seymour Pierce retained its "sell" stance on Kingfisher (KGF) with a target price of 240p. The broker said that the new French budget, which includes a 75% tax on earners over 1 million euros (0.8 million pounds) and 45% on earners over 150,000 euros (119,427 euros) is likely to have a significant impact on the DIY and home improvement specialist's sales. Seymour Pierce noted that the country accounts for 50% of the group's total sales believes that the new tax rates will reduce the amount of luxury spending and sale of "big ticket" items.

Charles Skinner, Chief Executive of Restore plc, said: "Restore has been looking to gain a broader presence in the Manchester area for some time and the acquisition of Archive Solutions provides a suitable platform to accelerate our growth. The Board looks forward to the contribution to the Group that Archive Solutions will make."

For the 12 months to 30 June 2012, Archive Solutions recorded an adjusted EBITDA of £478,000 (2011: £410,000) on a turnover of £1.26m (2011: £1.14m). At completion, the business had net assets of £380,000 including cash of £100,000. The acquisition of Archive Solutions will further strengthen Restore's position as one of the UK's leading providers of records management whilst expanding its presence in Manchester. Restore currently operates in the Manchester area in both records management and commercial relocations, and plans to integrate its records management operations rapidly in the months ahead. Geraldton Services Inc ("Geraldton"), which currently owns 51% of Restore's issued share capital, is not participating in the placing of new ordinary shares. In consequence, Geraldton's shareholding will decrease to 48% on completion of the placing. Application has been made for the new ordinary shares to be admitted to AIM. In addition, following the exercise of options unrelated to the share placing, application has been made for the admission of a further 364,200 shares to trading on AIM. The admission of both tranches of new shares is expected to occur on 3 October 2012. Following admission of the new shares, the total number of voting rights of the Company's ordinary shares will be 68,207,932.

Acquisition of Archive Solutions (Drawlin Limited) and Placing of new Ordinary Shares to raise £3.0 million Restore plc ("Restore" or "the Company") is pleased to announce that it has acquired Archive Solutions, a Manchester-based records management business (incorporated as Drawlin Limited), for an initial consideration of £2.6m. The Company also announces its intention to place 3,225,096 new ordinary shares at 93p each, raising £3.0m before expenses. The placing proceeds will be used to fund the cash consideration of the acquisition and to fund further bolt-on deals. Founded in 2004, Archive Solutions provides a nationwide records management service operating from two sites in the Manchester area and serving customers predominantly across the North West of England. As part of the transaction, Claire Dunn, managing director of Archive Solutions, has joined Restore and an earn-out has been put in place. The amount payable under the earn-out will be dependent on the performance of Archive Solutions over the next three years and will be paid to its shareholders in 2015. Of the £2.6 million initial consideration, Restore will pay £2.34 million for 90% of Archive Solution's equity immediately upon completion and the remaining £260,000 for the outstanding 10% of the equity as a deferred payment in December 2012.

http://www.investegate.co.uk/Article.aspx?id=201210020700066615N

Outlook Babcock is well positioned to help our customers formulate cost efficient support solutions and we believe the current economic climate will continue to create significant medium and long-term growth opportunities both in the UK and overseas. The strength of the order book continues to provide excellent visibility of future revenue streams across the Group. Since the beginning of the financial year this position has been further supported by growth in the bid pipeline and new opportunities coming into the tracking pipeline. As a result we continue to benefit from excellent visibility of future revenues and we enter the second half with c 90% of the Group's anticipated revenue for the 2012/13 financial year currently contracted and over 50% for the 2013/14 financial year. The Board therefore remains confident of meeting its expectations for this financial year and delivering strong progress on last year.

Order book and bid pipeline The order book has remained stable at around £13 billion. Across the divisions there has been a regular flow of smaller contract wins and extensions moving from the bid pipeline during the first half of the year. The bid pipeline, which increased to £13 billion at the time of the IMS in July, has also remained stable with a significant number of large opportunities under bid, the majority of which we expect to be awarded over the next 18 months. Reflecting the buoyant market conditions we are experiencing, we continue to identify new opportunities before a formal competitive process has begun. During the first half these have included both civil and military opportunities, in the UK and overseas, where we can benefit from our expertise and the strength of our market positions. We are currently tracking significant defence equipment and training support opportunities which we expect to come to market and move into the bid pipeline over the next 12 - 24 months.

Pre-close trading statement Babcock International Group PLC (Babcock or the Group), the UK's leading engineering support services company, today provides an update on trading for the half year ended 30 September 2012. The Group's half year results will be released on Tuesday 6 November 2012. Group overview Trading across the Group has continued to be positive during the first half of the 2012/13 financial year and we remain confident of meeting our expectations for this financial year and delivering strong progress on last year. Our businesses continue to experience buoyant market conditions, in both civil and military markets, as current and potential customers continue to seek increased efficiency and improved availability of assets. This is driving further opportunities for the Group, where we can benefit from our market leading positions and our track record of delivering efficiencies for our customers. During the first half, cash generation across the Group has remained strong and as a result we expect to see further reduction in net debt at the half year.

http://www.investegate.co.uk/Article.aspx?id=201210020700066618N

Peter Clutterbuck, Chief Executive of 3Legs Resources, said: "ConocoPhillips' decision not to exercise its option on our three eastern Baltic Basin concessions is consistent with our own strategy of high-grading our acreage and focusing our activity on those areas which we believe offer most potential. We are firmly focused on prioritising and further de-risking the considerable areas that offer the most prospectivity in our Baltic Basin acreage, which are situated on our western concessions."

3Legs Resources plc Corporate update 3Legs Resources plc (the "Company" and, together with its subsidiaries, the "Group"), an independent oil and gas group focusing on the exploration and development of unconventional oil and gas, announces the following corporate and operational update. Baltic Basin concessions As anticipated, ConocoPhillips did not give notice to exercise its option to take a 70% interest in the Group's three eastern Baltic Basin concessions in northern Poland, prior to the expiry of the option on 30 September 2012. As explained in the Group's interim results released on 27 September 2012, in high-grading its acreage the Group has identified the extensive areas within its Baltic Basin concessions which it considers to be most prospective for further exploration, by reason of the thickness of the target formations and reservoir rock properties. These areas are situated on its western concessions, over which ConocoPhillips had already exercised its option, becoming operator on 14 September 2012. The Group considers that its drilling and seismic operations to date have increased the probability of success in this most prospective acreage, as compared to assessments made at the time of its initial public offering in June 2011. The Group will be considering its options carefully before engaging in any operations on its eastern concessions. Operations on its western Baltic Basin concessions are proceeding as previously announced. Testing equipment has been mobilised to the Lebien location, where further testing is due to commence imminently on the Lebien LE-2H horizontal well. Rig mobilization for the Strzeszewo LE-1H vertical well is continuing and the well is expected to spud within the next week.

http://www.investegate.co.uk/Article.aspx?id=201210020839466891N