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Deutsche Bank upgrades William Hill from hold to buy, target price raised from 300p to 330p.

Tybalt Farm Out Valiant Petroleum plc ("Valiant") announces that it has signed a Farm Out Agreement with Agora Oil and Gas (UK) Limited ("Agora") in respect of the Tybalt appraisal well, located in Blocks 211/8c & 13c in the UK Northern North Sea. Agora increases its interest in Tybalt to 40% in return for a partial cost carry. Valiant will remain operator with a 60% interest. The Tybalt well is currently drilling ahead with the Borgsten Dolphin semi-submersible rig, with results anticipated in May.

http://www.investegate.co.uk/Article.aspx?id=201204240700198966B

Jefferies maintains buy recommendation and 635p target; Nomura keeps buy rating and 700p target; Investec maintains buy rating and 640p target.

Oddo initiates buy on Wolseley, target 2,980p.

Vectura: Canaccord Genuity keeps buy rating and 114p target

Jefferies has maintained its hold recommendation for food and retail group Associated British Foods but acknowledged the firm's solid first-half results. While the group is saying that it is confident of making "substantial" earnings per share (EPS) growth for the full year, "We highlight that consensus is already looking for 16% EPS growth in the year and we would thus not expect material consensus upgrades at this stage," said Jefferies.

Commenting on the results, Chairman of Next 15, Richard Eyre, said: “Next 15's strategy to focus on digital marketing is delivering positive results. The Group's dedicated digital agencies continue to perform strongly, delivering organic revenue growth of 39%. The outperformance of our digital brands once again supports the investment we have made and continue to make in this area. The Group is now focused on ensuring that knowledge and expertise gained in digital are spread and adopted by the rest of the portfolio.”

Next Fifteen Communications Group plc Interim results for the six months ended 31 January 2012 Next Fifteen Communications Group plc ("Next 15" or "the Group"), a worldwide digital marketing group, today announces its results for the six months ended 31 January 2012. Financial Highlights: Revenues increased by 11% to £45.3 million (2011: £40.8 million) Organic growth in revenues of 4% over the prior period Adjusted profit before tax rose by 15% to £4.25 million (2011: £3.69 million) (see note 3) Diluted adjusted earnings per share increased by 12% to 4.35p (2011: 3.89p) (see note 8) Basic earnings per share increased by 1% to 2.82p (2011: 2.79p) (see note 8) Interim dividend increased by 10% to 0.565p per share (2011: 0.515p) Net debt1 of £4.4m following £5.4m of acquisition related payments in the period (see note 9) EBITDA increased to £5.1m from £4.5m in the comparative period Corporate Progress: Bite Group acquired an 80% stake in two German-based communications businesses, Trademark Public Relations and Trademark Consulting to enhance its international offering and reach Launched a new business, Animo, which specialises in mobile marketing Restructuring to accelerate digital transition in UK Consumer PR business, resulting in £0.25m charge in first half and £0.4m total expected for full year. After the balance sheet date, Next 15 entered into an arrangement to purchase the remaining 20% interest in digital marketing agency, Bourne, making it a wholly owned subsidiary

http://www.investegate.co.uk/Article.aspx?id=20120424070000Z3822

INTERIM MANAGEMENT STATEMENT Ahead of the Company's Annual General Meeting later today, Microgen plc ('Microgen' or 'the Group') provides its Interim Management Statement covering the period from 1 January 2012 to the date of this announcement. Microgen released its final results for year ending 31 December 2011 on 27 February 2012. There have been no significant changes since 1 January 2012 in the trading or financial position of Microgen and its balance sheet remains strong. The Group had cash at 31 March 2012 of £29.4 million (31 December 2011 : £27.0 million) prior to the proposed dividend payment in May of £1.8 million. In addition to the existing relationship with Teradata, the Microgen Aptitude Solutions Division announced a partnership with NRI in Japan and is currently exploring other partnerships targeting new market opportunities. The Board anticipates reporting operating profit in line with market expectations for the six months ending 30 June 2012, but remains cautious given on-going market uncertainty as noted at the time of the final results. The Group's significant recurring revenue base and predominantly annual licensing model does, however, continue to provide resilience against the full effects of the macro-economic environment.

http://www.investegate.co.uk/Article.aspx?id=201204240700168827B

BG Group Chief Financial Officer, Fabio Barbosa said: "We are pleased to have secured this US$500 million credit facility with EDC and we look forward to developing our relationship with them. "In addition to this agreement, in the last 12 months we have successfully raised $5.6 billion on the international bond markets; increased our uncommitted facilities to $4.5 billion; signed a memorandum of understanding with the Bank of China for up to $1.5 billion of funding support; and, received initial approval from the Brazilian Development Bank for up to $1.8 billion in long-term finance. "This latest agreement builds on those successes which continue to diversify our international funding sources and help underpin the delivery of our global growth programme."

BG Group signs US$500 million credit agreement with Export Development Canada BG Group today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to extend for an additional 12 months. The agreement with EDC will build upon BG Group's existing relationships with Canadian service providers and will encourage BG Group to examine other potential procurement opportunities for Canadian goods and services across the Group's global portfolio.

http://www.investegate.co.uk/Article.aspx?id=201204231230018614B

BG Group Chief Executive Sir Frank Chapman said: "The start up of Greater Bongkot South was delivered to schedule and within budget. It will increase production capacity for BG Group in Thailand by 50% and will provide material new gas volumes for sale into a growing market. Once plateau production is achieved, Greater Bongkot South will deliver some 14 000 barrels of oil equivalent per day net to BG Group. This development forms part of our portfolio of named projects and discovered resources that keep us on track to deliver our 6% to 8% production growth range by the end of the decade."

Production begins at Greater Bongkot South, offshore Thailand BG Group today announced the start of production from the Greater Bongkot South field in the Gulf of Thailand, approximately 200 kilometres east of the city of Songkhla in southern Thailand. The field, located some 70 kilometres to the south of the existing Bongkot North development, has new standalone facilities with processing capacity of 350 million cubic feet of gas and 15 000 barrels of condensate per day.

http://www.investegate.co.uk/Article.aspx?id=201204230912128369B

Panmure Gordon maintained its "buy" rating for Avacta (AVCT) with a 1.9p target price. The healthcare company will release its first financial results since its recapitalisation in December, on 25th April, and the broker forecasts sales of 1.7 million pounds, with a pre-tax loss of 0.5 million pounds. Panmure sees strong growth potential for the firm's Optim 1000 protein analysis technology which it believes could speed up drug development from 6 months to just 7 days and cut costs from 50,000 pounds to 5,000 pounds per molecule. The shares remained flat at 0.76p.

Daniel Stewart retained its "buy" stance on Nova Resources (NOVA) with a target price of 11p. The broker noted that the investment company's ZHCH Mining subsidiary won a contract to deliver 3 million tonnes of coking coal annually from its Ukhaa Khudag mine in Mongolia. Daniel Stewart believes that Chinese demand for Mongolian coal will rise dramatically, noting mining research consultant Wood Mackenzie's forecast of 394% growth by 2015. Shares in Nova were unchanged at 6.75p.