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flutiform® Receives Regulatory Approval in Germany Launch Anticipated Later This Year LONDON, UK, 17 July, 2012 - SkyePharma PLC (LSE SKP) today announces that the regulatory authority in Germany, Bundesinstitut für Arzneimittel und Medizinprodukte (BfARM), has granted marketing authorisation for flutiform®, a combination product for the treatment of asthma. The launch of flutiform® in Germany is expected to take place later this year. This approval follows the European Commission's decision, announced on 3 July 2012, to adopt a legally-binding decision in favour of the granting of marketing authorisations for flutiform®. Following the European Commission's decision the 21 member states in the decentralised procedure (DCP) are required to grant national marketing authorisations or approvals consistent with the decision. Approval has already been granted in Cyprus. It is anticipated that further national marketing authorisations will be granted in some countries shortly. In other countries negotiations will also be required with national pricing and reimbursement authorities before the product can be made commercially available. The Group's development, marketing and distribution partner, Mundipharma International Corporation Limited, aims to launch flutiform® in each country through its network of independent associated companies as soon as possible once national approvals are granted and, where required, reimbursement confirmed. A milestone of €4.0 million is due to SkyePharma once flutiform® has been launched in Germany. Half of this amount will be allocated as prepayments of the Paul Capital Note.

http://www.investegate.co.uk/Article.aspx?id=201207170700067888H

Investec initiates hold on Oxford Instruments, target price 1180p.

Numis upgrades Menzies (John) from add to buy, target price 732p

Deutsche Bank initiates buy on Workspace Group, target price 337.28p.

David Southworth, Chairman of Frenkel Topping, commented: "The Board is pleased with the progress that the Group has continued to make during the period, particularly in terms of revenue and profitability, as well as the increase in the number of authorised individuals who are now able to transact new business revenues. Despite the uncertain economic environment, we have succeeded in growing recurring revenue and Funds in the Investment Management Service. The Group continues to expand profitably and we look forward to driving further growth and capitalising on the operational efficiencies instigated during the period."

Financial services firm Frenkel Topping moved close to its 52-week high after a solid set of interim figures. The company, which provides financial advice on the investment of personal injury damages and clinical negligence awards, saw revenue in the first half of 2012 rise to £2.34m from £2.22m. Back in March house broker had forecast full year revenues of £5.0m, so the company would appear to be a little bit behind the pace, but Finance Director Julie Dean explained to Sharecast that the firm's results are typically a bit second half weighted, at least on the new business side, as its consultants burn rubber on the roads of the nation towards the end of the year to close deals and hit full year targets. Like most companies, Frenkel Topping loves to see recurring income as a proportion of total income increase, and in the first half of 2012 it rose to £1.6m versus £1.5m in the corresponding period of 2011, and now represents 69.5% of group revenue. Profit before tax surged to £0.48m from £0.29m the year before. The group paid a maiden dividend last year and intends to make another dividend payment this year at the time of its full year results.

Valuation: Attractive opportunity remains Given the positive trading update and ongoing progress the group is making, we continue to believe that Avingtrans remains an attractive proposition to gain access to global growth drivers. We are maintaining our forecasts and our sum-of-the-parts fair value moves to 120p/share as a result of updated peer valuations.

http://www.edisoninvestmentresearch.co.uk/researchreports/Avingtrans160712Update.pdf

The signing of this licence marks the end of a rigorous assessment process by Defence and symbolises their ongoing commitment to reducing their environmental footprint and supporting local industry. Whilst providing HMAS Stirling with a source of renewable green power, the project would also contribute to Defence and Commonwealth greenhouse gas reduction targets. Carnegie has been working with Defence since the signing of a Memorandum of Understanding in December 2008. Since then Carnegie has successfully demonstrated the CETO technology at large scale in the ocean offshore of Garden Island. At the same time, Carnegie has significantly developed the Project design and secured 50% government funding for the project. The Project received funding from the Government of Western Australia through the Low Emissions Energy Development Program as well as from the Australian Government as part of the Emerging Renewables Program. Carnegie is now focussed on progressing detailed design of the Project with construction and first power to the grid targeting the end of 2013. Carnegie is currently continuing to carry out stakeholder consultation to seek feedback on all aspects of the project as well as seeking the various approvals and permits required to construct and operate the project. The Company is not aware of any reason why the ASX would not allow trading to recommence immediately.

Carnegie's Managing Director and CEO, Dr Michael Ottaviano, said today, "It is significant, in light of current efforts by international navies to increase their renewable energy mix such as the US Navy, for the Australian Department of Defence and Royal Australian Navy to be supporting the development of emerging clean technologies like Carnegie's CETO through the purchase of electricity." "We greatly appreciate the efforts of the Defence Support Group in facilitating our development efforts along with the support of the Australian and Western Australian Governments in co-funding the Project."

Re Carnegie landmark wave energy agreement Renewable Energy Holdings plc (AIM: REH) notes an announcement released 16 July 2012 by Carnegie Wave Energy Limited, in which REH holds 101,330,192 paid ordinary shares, representing 10.0% of the entire issued share capital. "16th July 2012 Carnegie and Defence sign landmark wave energy agreement · Carnegie signs power supply and grid connection agreements with Australian Department of Defence · Agreements unveiled by Australian Prime Minister today at Carnegie's Wave Energy Research facility · Power to be supplied exclusively to Australia's largest naval base HMAS Stirling Wave energy developer, Carnegie Wave Energy Limited (ASX:CWE), is pleased to announce the signing of key agreements with the Australian Department of Defence unveiled today by the Australian Prime Minister, the Honourable Julia Gillard, and the Federal Member for Brand, the Honourable Gary Gray, at Carnegie's Wave Energy Research facility at Fremantle, Western Australia. Australian Department of Defence (Defence) and Carnegie have signed formal power supply and grid connection agreements for the Perth Wave Energy Project on Garden Island, the base of HMAS Stirling, Australia's largest naval facility. These agreements govern the exclusive purchase of all the electricity generated from the Perth Wave Energy Project and the connection of the wave project into the local HMAS Stirling electrical infrastructure.

http://www.investegate.co.uk/Article.aspx?id=201207161135137393H

Nomura has maintained its 'buy' rating and 730p target price for gas and electricity group National Grid despite Ofgem's proposals for the power and gas transmission (RIIO-T1) and gas distribution (RIIO-GD1) regulatory reviews for 2013-2021. Nomura says that the allowed returns are behind its forecasts and what the market was expecting. "Running a sensitivity based on the allowed returns versus our expectation suggests it could be a 2-3% negative on the NG share price," the broker said.

Both UBS and Jefferies have downgraded their ratings for security solutions firm G4S following the news that the company expects to incur a 35-50m pound loss on its London Olympics contract. UBS has cut its recommendation from 'buy' to 'neutral' and slashed its target price from 330p to 280p, saying that while the Olympics is a one-off, the issues will prompt broader changes (such as strengthening of internal controls) leading to an ongoing increase in costs. Meanwhile, Jefferies has lowered its rating from 'buy' to 'hold' and cut its target price from 330p to 285p, saying that the reputations negative associated with this contract may impeded G4S's ability to fully participate in forthcoming UK public sector outsourcing opportunities.

Numis downgrades G4S from add to hold, target price 260p

AGM Statement Papua Mining plc, a UK company focussed on the exploration for and if commercially feasible, development of gold and copper deposits in Papua New Guinea, will be holding its Annual General Meeting today. At the meeting, the Group's Chairman, Michael Jolliffe, will provide the following statement: "The target delineation programme on the Company's licences in Papua New Guinea is proceeding well. Fieldwork completed to date has led to the delineation of an initial four targets within the Nakru area of the Company's licence EL1462, West New Britain. These targets are referred to as Junction, Flying Fox, Bullseye and Eleven. On 28 June, contracts were signed with Khumsup Geophysics for ground-based EM (electro-magnetic) and IP (induced polarisation) surveys over the Junction and Flying Fox targets. The surveys are scheduled to commence during the coming week and are anticipated to continue on those two targets over the following ten weeks. We expect that the results of the survey will yield the important additional structural data which will enable us to finalise the drilling programme which is planned to take place before the end of 2012."

http://www.investegate.co.uk/Article.aspx?id=201207161100016752H

Director's Shareholding ASOS Plc ("the Company") announces that Robert Bready, an Executive Director of the Company, sold 143,125 ordinary shares of 3.5 pence each in the capital of the Company ("Ordinary Shares") on 16 July 2012 at an average price of 1,818.0 pence per Ordinary Share. Following this transaction, Mr Bready no longer holds any Ordinary Shares in the Company. As disclosed on 24 May 2012, under the Management Incentive Plan (MIP), Mr Bready has been granted 788,604 ordinary shares of 3.5 pence, of which 394,302 will vest on 30 September 2012 and 394,302 will vest on 30 September 2013, subject to the applicable terms and conditions of the MIP.

New Agency Agreement with Capital Shopping Centres SpaceandPeople plc (AIM:SAL), the retail, promotional and brand experience specialist, is pleased to announce it has signed contracts with Capital Shopping Centres Group plc ("CSC"), the FTSE 100 listed specialist developer, owner and manager of pre-eminent UK regional shopping centres, to manage and sell promotional space in the majority of their shopping centres. This exclusive agency agreement with CSC became effective 14 July 2012 and compliments the current RMU contract with CSC that has been in place since 2002. This new agreement encompasses 11 additional venues including many of the leading UK shopping centres such as Lakeside (Thurrock), Metro Centre (Gateshead) and Braehead (Glasgow) to add to The Arndale Centre (Manchester) and Cribbs Causeway (Bristol) already under contract with S&P.