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http://www.investegate.co.uk/Article.aspx?id=201204050700168663A

Jefferies has raised its target price for drinks giant SABMiller from 2,725p to 2,850p and maintained its buy rating on the stock. "We remain fundamentally positive on the prospects for SABMiller and continue to highlight the company's strong growth profile driven by its peer-beating 70% profit exposure to emerging markets," the broker said.

Emerging markets (EM) focused fund manager Ashmore was leading the risers on the FTSE 100 on Thursday after UBS upgraded its rating on the stock from neutral to buy. UBS said that the stock's recent underperformance, combined with the strong fund performance and record inflows at industry level, has prompted the broker to raise its recommendation, it said. The broker has raised its target price from 400p to 420p.

Morgan Stanley upgrades National Express from equal weight to overweight, target price raised from 242p to 290p

Philip Leech, Chief Executive of Terrace Hill, commented: "The securing of forward funding is a significant step for the project, and underlines Terrace Hill's ability to source financing for our developments, in spite of the challenging funding environment. We continue to see potential for further growth in the foodstore sector, and believe that our activities in this market will generate good returns on behalf of our shareholders as we progress this and our pipeline of opportunities." Quote from John White, Director and Head of Property, Osprey Equity Partners: "We are delighted to be working with Terrace Hill and HSBC on this project. The fund was oversubscribed and reflects the appeal of secure, income producing property assets amongst private investors and SIPPs, especially against a backdrop of continuing volatility in equity markets and with historically low returns on cash deposits."

£35 million Forward Funding Secured for Development of Sainsbury's Foodstore in Sunderland Terrace Hill Group plc (AIM: THG), a leading UK property development and investment group, announces the completion of the forward funding of a £35 million supermarket, pre-let to Sainsbury's on a 25 year lease. The property will comprise a new, 97,729 sq ft Sainsbury's supermarket, with six pump petrol filling station and 517 parking spaces, located in Sunderland, Tyne and Wear. Construction is due to commence in April 2012 with store opening expected in March 2013. The acquisition and development has been forward funded by Osprey Supermarket Income and Growth 1 LP, a private investor fund arranged by Osprey Equity Partners. The project is being funded through £15 million of equity provided by UK high net worth individuals (both directly and through personal pension funds) and £20 million of debt provided by HSBC Bank plc. The project reflects Terrace Hill's strategic decision to focus further on the supermarket development sector and is one of a number of similar developments within the Terrace Hill pipeline. On completion of the forward funding, the Company received £2.5 million representing the recovery of its working capital and an initial profit payment. Osprey Supermarket Income and Growth 1 LP is the first of a series of private investor funds launched by Osprey Equity Partners, designed to achieve attractive income and growth returns underpinned by secure, well let, direct commercial property assets.

http://www.investegate.co.uk/Article.aspx?id=201204051201439196A

Property developer St Modwen also gets the once over. It’s suffered from a general caution on property stocks but has won impressive projects in New Covent Garden and Elephant and Castle worth £2bn. The shares have staged something of a recovery since the beginning of 2012 but Tempus says only buy on further weakness.

John Mclean, Non-Executive Chairman of China Food, said: "The Board is delighted that Mr. Fu has agreed to take the Chief Executive Officer position of the Group's condiments business. His experience will enable China Food to capitalise on the significant opportunities in this particular market whilst leaving Raphael to concentrate his efforts on the overall strategic direction of the Group and to negotiate a successful sale of the feed business."

Update on management team and loan agreements China Food Company plc (AIM: CFC), a leading Chinese manufacturer of cooking and dipping sauces, provides the following update on its management team and loan agreements. From 1 April 2012, Mr. Fu Guoping was appointed Chief Executive Officer of Fortune Food (China) Co., Ltd, the main China trading subsidiary responsible for launching "Xaka", the Group's premium grade soya sauce and the driver of the condiments division. Mr. Fu founded the China Food Group in 1994 and was instrumental in developing the both the feed and condiments business. He has a beneficial interest in 14,772,883 ordinary shares representing 18.51% of the ordinary share capital. These shares are held through Main World Investments Limited. Following this appointment, RaphaelTham Wai Munwill continue as overall Group Chief Executive Officer and will focus on developing the Group's strategy to become a leading brand in north China condiments sector and completing the sale of the Company's Feed business which continues to progress. The appointment of Mr. Fu coincides with the change of emphasis in the Company's strategy to focus on the end consumer and divesting of the commodity products of the animal feed. In addition, the short-term shareholder loans totalling US$2 million previously announced on 3 October 2012 which are due for repayment on 31 March 2012 have been extended for a further three months, on the same terms and are expected to be repaid from the proceeds of the sale of the Group's feed business. As announced on 28 March, the Group's cash position remains strong with GBP6.58 million and net assets of approximately GBP39 million as at 31 December 2011.

http://www.investegate.co.uk/Article.aspx?id=201204050700168630A

Half Year Trading Update The Company announces its trading update for the six months ended 31 March 2012. Group sales volume for the first half reflects a strong recovery in trading in our Victrex Polymer Solutions business ('VPS') following the de-stocking reported in the first quarter of our financial year. Sales volume was 1,377 tonnes (2011: 1,434 tonnes) with volume in the second quarter at a new record of 795 tonnes. Looking ahead, the current order book for April and new business activity continue to be encouraging. Revenue for our Invibio® Biomaterial Solutions business ('Invibio') for the first half was approximately £25.5m which is 5% ahead of the first half of the previous year (2011: £24.3m) despite the continuing uncertainties in the US healthcare market. The opportunities for both VPS and Invibio to drive growth into new markets, applications and geographies remain strong. We will continue to invest in capacity, technology and application development to ensure we capitalise on the growth potential for our business. Victrex will host a conference call at 8.00am today for analysts. If you would like more details, please contact Naomi Lane at MHPC on 0203 128 8204 / Naomi.Lane@mhpc.com. Victrex will announce its results for the six months ended 31 March 2012 on Tuesday 22 May 2012.

http://www.investegate.co.uk/Article.aspx?id=201204050700178679A

Toronto, Ontario - April 5, 2012: Caledonia Mining Corporation ("Caledonia" or "the Company") (TSX: CAL, NASDAQ-OTCQX: CALVF, AIM: CMCL) confirms, pursuant to AIM Rule 20, that its annual audited accounts for the year ended 31 December 2011 have been posted to the holders of Caledonia's AIM securities and that copies are available for download from the Company's website at www.caledoniamining.com.

http://www.investegate.co.uk/Article.aspx?id=201204050700158601A

Tempus in The Times mulls pharma firm BTG, which appears to have broken free from the cash burning cycle of simply developing medicines by instead focusing on the treatments it already owns and marketing them hard. Its main drugs are BeneFIX for haemophilia (which has come off patent) , CroFAB for snakebites and DigiFab, which helps patients recover from heart failure. But there have been promising results from other compounds, often bought by acquisitions. Tempus notes BTG doesn’t have a decent price to earnings ratio, but thinks it’s doing better than almost all its sector peers and may be a buy for the long term.

David Wild, Chief Executive Officer, commented: "In Q4 we continued to see progress in our key Retail growth areas of Cycling and Fitting, as well as Autocentres. We are especially pleased that at a challenging time for motorists, they are increasingly turning to Halfords for their diverse after-care needs. The UK consumer outlook for FY13 is uncertain and the continued rise in fuel prices remains a concern. Our actions have reduced input-cost inflation, but retailers face a rise in operating costs. While we have historically demonstrated an ability to alleviate these it may be more difficult this year. The strong performance from our growth areas provides an attractive route to strengthen our business. We are investing to drive our strong brand even further by developing our fitting resources, increasing marketing and enhancing our multichannel offer. Investing in these opportunities will accelerate the evolution of Halfords from a traditional retailer to a contemporary provider of products and services, and will contribute future growth."

Key Points For The Quarter · Cycling LFL revenues increased by +5.7% (Q4 FY11: +8.7%), driven by strong performances in Premium and Children's Bikes · Retail fitting revenues rose +28.1% as we build on Halfords' unique customer offer. The demand amongst motorists for 'Do It For Me' services continues to grow · The decline in Car Enhancement revenue worsened, with accelerated falls in both higher-margin Performance Styling and Car Cleaning products · At 8.0% of total Retail, a disappointing online revenue performance reflected declines in both Sat Nav and Child Safety · Autocentres' revenue continued to grow strongly, driven by an enhanced recognition of the value offered by the Halfords brand

http://www.investegate.co.uk/Article.aspx?id=201204050700198756A

Auger Drilling Campaign to Commence African Mining & Exploration plc (AME), the AIM listed mining company focusing on exploration in West Africa said today that despite difficulties in operating conditions as a result of sanctions being applied by ECOWAS (Economic Community of West African States) it has decided to commence an Auger drilling campaign on its Karan Exploration permit. The sanctions applied on Monday resulted in the blocking of cash from the West African central bank and the closure of all land borders. This will affect fuel supplies as Mali is totally dependent on imported fuel. AME Mali has sufficient fuel reserves to allow an Auger drilling campaign to commence at its Farague project. This was part of a RAB and Auger drilling campaign that would have commenced had political changes not brought about the necessity to review the planned work programme. RAB drilling which is more resource intensive will now only commence when political stability has returned. It is envisaged Auger drilling will commence on Friday. AME will continue to monitor the situation and report back to the market should things change.