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Panmure Gordon reiterated its "buy" recommendation for Cineworld (CINE), with a 260p target price, ahead of the firm's full year results on 8th March. The broker forecasts pre-tax profits of 37.4 million pounds, adding that the group retained its market share of 24.6%. Panmure has high hopes for the cinema chain in 2012, with a promising film schedule, but warns of some potential weakness over the summer, due to Euro 2012 and the Olympics. Additionally, with a digital conversion rollout scheduled for completion by the summer, the broker expects to see increased free cash flow generation in the second half of the year

Berenberg initiates buy on International Power, target price 390

Bunzl Sell 05-Mar-12 £833,725.21 Patrick Larmon 86,869 @ 959.75p

Roger Stephens, Head of Commercial and Company Secretary of Spectris, the FTSE 250 high-flying instrumentation and controls group, has sold a stack of shares in the firm less than a month after the firm unveiled better-than-expected profits before tax and hike in the dividend. Stephens, who joined the firm in 1997, sold 38,343 at 1,763.55p each for a total of £676,194. Having been awarded the shares in 2009, the director was eligible to sell the shares from the 25th of last month. He now holds a total of 69,023. Adjusted profit before tax rose 45% to £191.6m from £132.3m the year before. Statutory profit before tax rose 38% to £166.0m from £119.9m in 2010. Market expectations were for headline profit before tax of £185.5m.

05/03/2012 Hydrogen, the specialist recruitment firm, has seen revenues and profits grow on the back of strong performances from its pharmaceuticals and oil and gas divisions. Group revenue increased by 27% to £156.2m (2010: £123.4m) while net fee income (NFI) rose 8% to £29.8m, a record for Hydrogen. The company says it achieved its objective of balancing the types of fees it receives, with contract placements representing 54% of NFI, and permanent 46%. Profits before tax for the full year were £3.7m, up 48% on the prior year. Hydrogen had previously declared an interim dividend of 1.4p per share, today it has announced a final dividend of 2.9p per share (2010: 2.7p) bringing the total dividend for the year to 4.3p (2010: 4.1p).

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Commenting on the Placing, Chris Ward, Chairman of Qannas said: "We are delighted with the successful admission to trading on AIM of the Company and with the positive results of the Placing. We look forward to utilising the investment expertise of ADCM in order to generate a desirable return for our shareholders."

Qannas Investments Limited First Day Dealings on AIM and Placing The board of directors of Qannas Investments Limited (the "Company" or "Qannas"), a newly-established, closed-ended investment company incorporated in Jersey and regulated by the Jersey Financial Services Commission, is pleased to announce its admission to the AIM market of the London Stock Exchange ("Admission") and the commencement of dealings in its ordinary shares under the ticker symbol QIL. The Company has raised $18.466 million ($17.581 million net of expenses) in a placing of 18.466 million Ordinary Shares (the "Placing"). On the basis of 19.698 million Ordinary Shares being admitted to trading on AIM and the Placing Price of $1 per Ordinary Share, the market capitalisation of the Company at Admission is $19.698 million. Deloitte Corporate Finance is acting as nominated adviser in relation to the Admission and Daniel Stewart and Company Plc is acting as broker. Overview Qannas is a newly-established, closed-ended investment company incorporated in Jersey and regulated by the Jersey Financial Services Commission, with Abu Dhabi Capital Management Limited ("ADCM") acting as its investment manager. Qannas will seek to generate a target IRR of at least 20 per cent by investing in a diversified portfolio of undervalued equity and debt investments, with a focus on the Gulf Cooperation Council countries. ADCM was established in January 2011 and currently manages more than $100 million in assets for institutional and high net worth investors, deployed in private equity and debt investments. The ADCM investment team is led by Jassim Alseddiqi and comprises five investment professionals with a total of more than 35 years of investment experience.

http://www.investegate.co.uk/Article.aspx?id=201203060915357585Y

Panmure Gordon upgrades Babcock International from hold to buy, target price raised from 780p to 850p.

Singer Capital Markets initiates buy on ICAP, target price 440p.

Singer Capital Markets initiates buy on Tullett Prebon, target price 410p.

Citigroup downgrades Weir Group from neutral to sell, target price cut from 1950p to 1830p.

Mark Cashmore, Chief Executive of Smith News PLC commented: "Once fully operational the new Birmingham depot will be a world class facility, capable of the highest standards of service and efficiency. The investment further demonstrates our industry leadership and commitment to the long term future of the newspaper and magazine supply chain."

New opening of the Birmingham depot Smiths News PLC, the UK's leading wholesaler of newspapers, magazines and books, is pleased to announce that it has opened a new depot in Birmingham. The new Birmingham depot is the most significant network change within Smiths News over the last 12 months. This purpose built 55,000 sq ft. depot will amalgamate the operations of Birmingham, Redditch and Coventry as well as expanding its capacity further to take in additional operations. The new facility will employ 160 staff picking circa 2.2 million newspapers and 1.1 million magazines per week. The Birmingham depot will also utilise 100 delivery contractors and supply product to over 2,000 retailers.

http://www.investegate.co.uk/Article.aspx?id=201203060740007558Y

COMPASS GROUP ACQUIRES NKS IN JAPAN We are pleased to announce that Compass Group has acquired NKS Kabushiki Kaisha Ltd and associated companies (together "NKS") from Mr Yamamoto, its Chief Executive. For the year ended 31 March 2011, NKS had revenues of JPY 6.4 billion (c.£50 million) and gross assets of JPY 4.7billion (c.£36 million). NKS is a provider of food services, primarily to the healthcare sector, in Japan. The business is based in Tokyo, operating around 200 units with over 1,200 staff. The acquisition strengthens Compass' presence in the expanding healthcare sector and, in particular, in senior living, which is a significant growth area in Japan.

http://www.investegate.co.uk/Article.aspx?id=201203060700157221Y

Chief executive Jaime Lomelín said: "We delivered exceptional financial performance in 2011 on the back of strong precious metal prices and record gold production. EBITDA was up 63% to US$1.5 billion with EBITDA margin for the year increasing to over 70% and EPS up 36% despite cost pressures. We are delighted to declare a final dividend of 40 US cents per share bringing our total dividend for the year to 103 US cents per share. "We also made significant progress towards our long-term goals, with development projects on track, significant expansion of the resource base, and a robust pipeline of growth projects. We are now a significant gold producer in our own right and have increased our 2018 target to produce 500,000 ounces per year. "However, we are disappointed with our safety performance as 2011 saw a reversal of our strong track record. A comprehensive review of our safety and health programme was undertaken, and we will continue to implement rigorous initiatives to achieve our zero fatality target. "For 2012, the economic outlook may be uncertain, but our commitment to continuous investment in exploration, productivity improvements, bringing a new mine or expansion on line every year for the next five years, cost controls and the enhanced safety culture remains unchanged, supporting long-term value creation for all stakeholders."