Member Info for mulledwine

Financial Management The Group is in a strong financial position. The receipt of the International sale proceeds will transform our business giving us significant optionality. As a Group we are now considering further investment in our core business, substantially reducing gross debt and the opportunity of returning cash to shareholders. We will continue to invest in our core Advisory and Administration Business. Our balance sheet strength, proven management team and recognised brands give us a unique opportunity to develop our business

IFG Group plc - Interim Management Statement 18 May 2012 Highlights: · James Hay Partnership making clear progress in distribution, sales and marketing and service delivery. · Total number of SIPPs under administration of 37,956 at end April 2012 · Saunderson House revenue and profit ahead of prior year period; 43 new client wins · Agreement to dispose of the International Division to AnaCap Partners for £70m (€88m) · Financial position further strengthened as net debt insignificant and balance sheet to be further strengthened by proceeds from sale of International business. IFG Group plc, the leading provider of bespoke SIPPs (self-invested personal pensions) and un-conflicted and fee based Financial Advice in the UK and Ireland issues the following update covering its business year to date.

http://www.investegate.co.uk/Article.aspx?id=201205180700146225D

Mercantile Investment Trust (The) Buy 15-May-12 £49,634.90 Jeremy Tigue 5,117 @ 970.00p

Financial Position The Group's financial position remains strong. Other than the normal seasonal increase in working capital, there has been no significant change to our financial position since the last year end.

Interim Management Statement Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, issues its Interim Management Statement covering the period 1 January to 17 May 2012. Overview Most sectors of the US construction market are now showing signs of a steady recovery, following a number of difficult years. In Europe, however, market conditions have not improved and in some places they have become even more challenging. Elsewhere, the two-speed construction market in Australia continues; and in Asia, we have seen increased activity in Singapore and Malaysia. Overall, the Group's trading in the first four months of 2012 has been consistent with the Board's expectations at the time of the full-year results, with both revenue and profit ahead of the same period last year. Order intake has been excellent, helped by a number of large contract wins - most notably, our previously announced A$180m (£112m) contract to install piling for the Wheatstone LNG plant in Western Australia. Accordingly, the total order book is at an all-time high and the value of work to be executed over the next 12 months is up approximately 20% on the same time last year. Looking ahead to the rest of the year, the Group has some good opportunities and we continue to expect the year as a whole to be one of progress.

http://www.investegate.co.uk/Article.aspx?id=201205180700176422D

Outlook The Group is continuing its transformation, in an industry that is undergoing widespread structural and regulatory change. The current macro economic environment, particularly in Europe, is evolving rapidly and remains uncertain, but the Group's breadth and diversity continues to provide resilience and a strong platform from which to seek opportunities. The business is alert and responsive to the markets in which it operates and remains focused on integrating its new acquisitions, delivering on stated cost and revenue synergies and driving performance. The Group expects to make further good strategic progress in the year ahead.

Chris Gibson-Smith, Chairman, London Stock Exchange Group, said: "This has been a very significant year for our business. The successful execution of our strategy has produced tangible operational and financial benefits and we have delivered growth, diversification and performance. "Looking ahead, we are excited by the opportunities for the business. In particular our full ownership of FTSE and our shareholder approved transaction with LCH.Clearnet will continue to transform our organisation. We are well placed and remain firmly focused in our pursuit of driving long-term shareholder value." Commenting on the year, Xavier Rolet, Chief Executive, London Stock Exchange Group said: "We have delivered a 27 per cent growth in operating profit and a 169 per cent uplift in profit before tax, seen strong performances across all four business divisions and made significant progress on our diversification strategy. We have made great progress this year. "Building long-term partnerships with our customers, successfully integrating new acquisitions and delivering on our stated cost and revenue synergies will continue to be the key areas of focus for us. Our dynamic, highly competitive landscape presents good opportunities for growth particularly in the areas of risk management and intellectual property. We will continue to innovate across our markets, products and services and we expect to make further good strategic progress."

ANNOUNCEMENT OF PRELIMINARY RESULTS OF LONDON STOCK EXCHANGE GROUP PLC FOR THE YEAR ENDED 31 MARCH 2012 · Excellent progress in delivering growth and diversification strategy · Scale, scope and reach of Group transformed through organic growth and acquisitions · Strong financial performance, growth achieved across all business segments in a highly competitive environment · Total income up 21 per cent at £814.8 million (2011: 674.9 million); revenue up 10 per cent at £679.8 million (2011: £615.9 million) · Operating profit up 27 per cent at £358.5 million (2011: £283.0 million); adjusted operating profit1 up 30 per cent at £441.9 million (2011: £341.1 million) · Profit before tax up 169 per cent at £639.7 million which includes recognition of the value of our existing interest in FTSE (2011: £238.2 million); adjusted profit before tax1 up 35 per cent at £400.6 million (2011: £296.3 million) · Basic EPS up 243 per cent at 193.6 pence (2011: 56.4 pence); adjusted EPS1 up 36 per cent at 100.6 pence (2011: 73.7 pence) · Proposed final dividend up 6 per cent to 19.0 pence per share; total dividend for the year increased 6 per cent to 28.3 pence per share

http://www.investegate.co.uk/Article.aspx?id=201205180700166256D

Key Events There have been no new significant events within the Group in the year-to-date, other than those events announced as part of our 2011 Full Year Results Announcement on 22nd March 2012 and in APN News & Media Limited's ('APN') trading update on 2nd May 2012. In addition, in April, a number of Board changes were announced whereby Mr. Vincent Crowley replaced Mr. Gavin O'Reilly as Group Chief Executive Officer and Director, Mr. Bengt Braun retired as a Director and Baroness Margaret Jay signalled her intention not to seek re-election to the Board at the AGM in June. Outlook for 2012 As the Group reported on 22nd March 2012, forecasting in the current climate is very difficult and, at present, advertising conditions remain challenging and erratic. Visibility remains short and susceptible to influence by macro-economic factors. INM has a strong portfolio of market-leading and profitable titles. The Group also has a well invested and increasingly efficient asset base, with no significant near-term capital expenditure requirements. INM is committed to continued cost vigilance and we have strong operating leverage in our business to translate any improvement in market conditions directly to our bottom line. Our focus is on maximising available cash flow for continued debt paydown, which will deliver value for our shareholders.

Dublin/London 18th May 2012: Independent News & Media PLC ('INM' or the 'Group') today issued its Interim Management Statement ('IMS') which provides an update on INM's trading performance for the year to date (19 weeks ended 11th May 2012) in accordance with the reporting requirements under the Transparency Regulations 2007. Year to Date Performance INM's year-on-year Revenue trends, in constant currency terms, are behind the same period in 2011. Consistent with the Group's focus on continuing efficiency and cost reduction, Operating Costs have been reduced on the prior year. In constant currency terms, Total Group Revenue is down 3.5% year-on-year (-5.2% in Euro terms), with Total Circulation Revenue 3.0% down (-4.4% in Euro terms) and Total Advertising Revenue (print and digital) down by 5.3% (-7.9% in Euro terms) on the same period in 2011. Within Total Advertising Revenue, Digital Revenue was up 17.6% (+17.0% in Euro terms). Trading patterns were somewhat disrupted around the Easter period but now appear to be returning to more normal trends, with some stronger advertising weeks interspersed among weaker ones. The Group's leading titles continue to focus on maximising profitable market share. Operating Costs continue to be well managed, with Total Group Operating Costs down 1.4% in constant currency terms (down 2.8% in Euro terms) year-on-year. Cost savings were delivered across all operations which more than offset inflationary cost pressure in South Africa and significant energy price increases. All of the Group's Free Cash Flow year-to-date has been applied to debt reduction, with Net Debt currently standing at c.€420 million.

http://www.investegate.co.uk/Article.aspx?id=201205180700156244D

CONT In the light of these continuing difficult market conditions the board remains committed to the cash conservation strategy which we announced in October 2011. Accordingly, the Group continues to operate at reduced wafer production levels and polysilicon production remains suspended at the Group's facility at Bitterfeld. In parallel the Group is accelerating its cost reduction programmes. As previously disclosed, the Group has been negotiating compensation for the termination of a long term wafer supply contract. A satisfactory agreement has now been reached and this will result in a cash settlement of approximately €90m before tax, which the Group will receive and recognise as income during H1 2012. The Group continues to believe that the medium-to long term outlook for solar installations is positive and therefore protecting the Group's capabilities and cash for the future remains of paramount importance. The Board will continue to review industry conditions on an ongoing basis in order to maintain the best interests of shareholders.

Interim Management Statement This announcement is provided in accordance with the UK Listing Authority's Disclosure and Transparency Rules, for the period from 1 January 2012 to the date of this announcement. Trading conditions remain extremely challenging, with significant industry overcapacity and high inventory levels maintaining the intense pressure on prices which developed during last year. Spot wafer prices have fallen by 70% since April 2011 and are below industry production costs. As a result of this adverse pricing environment we have to date been unable to reach agreement on acceptable wafer prices and volumes for Q2 2012 with some of our contract customers. Consequently shipment volumes during the first half of the year are now expected to be in the range 55 to 70MW, which is below our earlier expectation of 80-100MW

http://www.investegate.co.uk/Article.aspx?id=201205180700156247D

Adrian Hutchings, Chief Executive Officer, said "Unit verification is an important step as we work with Calor Gas to commercialise an LPG version of the Kingston boiler. With ever increasing fuel bills, strong demand for greener and cleaner energy, and increased regulatory support for microCHP products the prospects for our Kingston microCHP boiler are stronger than ever."

Unit verification for LPG version of Kingston microCHP boiler Energetix Group plc, (AIM: EGX), which develops and commercialises alternative and efficient energy products, announces that its subsidiary Energetix Genlec Limited ("the Company") has received Unit Verification from the British Standards Institution for the first of its liquefied petroleum gas (LPG) version of the Kingston microCHP Delta unit. As previously announced the Group has been working with Calor Gas to develop an LPG variant. To date trials in Energetix labs have shown that the LPG appliance operates as expected and is very similar in performance to the original Kingston microCHP Delta production engineered units which run on natural gas. The next stage in the development of a commercial LPG version of the Kingston boiler is to commence field trials in homes to assess the performance of the appliance in off-gas grid homes. Initially four LPG units will be used in the field trial. Unit verification has been received for the first LPG unit with certification of the remaining units expected to be completed shortly. Installation of the trial units will then take place in time for the next heating season beginning in September. The LPG Variant of the Kingston microCHP boiler will be able to generate a proportion of the household's electricity needs in the home which could enable Calor Gas to have a real competitive advantage in the off grid energy supply market both in the UK and Europe.

http://www.investegate.co.uk/Article.aspx?id=201205180700116135D