Member Info for mulledwine

Comments made by Minister Barker included: "Micro-CHP can play a much larger role in driving the decentralised energy revolution…there are few homes that couldn't benefit from micro-CHP… There is a clear role for Government leadership to bring micro-CHP to market…as an attractive, price-competitive alternative to taking electricity from the grid or installing a conventional boiler." Commenting on the Minister's intentions, Paddy Thompson, Business Development Manager, CFCL, said: "Decentralised energy production via micro-CHP offers significant efficiency savings and it is very encouraging to hear that the UK government fully recognizes this and intends to plays its part in supporting the growth of the micro-CHP industry. "CFCL's BlueGen is the only fuel cell based micro-CHP product available to the UK residential market with the necessary approvals to receive the feed in tariff. As one of the world's leading companies committed to driving down energy costs via micro-CHP, CFCL looks forward to supporting the initiatives of the UK government."

CFCL Welcomes Forthcoming Rise in UK Feed in Tariff Minister confirms strong support for Micro Heat and Power Ceramic Fuel Cells (AIM / ASX: CFU) a leading developer of high efficiency and low emission power products for homes and other buildings, welcomes the recent comments made by Greg Barker, UK Minister of State (Climate Change) MP, during an adjournment debate on micro heat and power ("micro-CHP") at the House of Commons. The Minister confirmed his intention to raise the UK feed in tariff for micro-CHP, remove the 30,000 cap in the upcoming Phase 2 of the feed in tariff consultation, provide support to the ambition of a 1 million unit installed base by 2020 and for future regulatory measures to drive micro-CHP uptake. The UK currently provides a feed in tariff for micro CHP products, which generate power and heat on-site. The tariff is 10 pence for every kilowatt hour of electricity generated plus an additional three pence for every kilowatt hour of electricity exported to the grid. Ceramic Fuel Cells' BlueGen product is the first and currently the only fuel cell micro CHP product to receive certification under the Microgeneration Certification Scheme (MCS) and be eligible for the feed in tariff.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=19854375

Peter Spivey, Chief Executive of Cluff Gold, commented: "The acquisition of the Sega gives Cluff Gold the opportunity to significantly increase the Kalsaka mine life with limited upfront expenditure, and enhances the potential for our Burkina Faso operations to continue to provide significant cash flow through the development and early production from our flagship development asset, Baomahun in Sierra Leone. This transaction brings us closer to establishing Cluff Gold as a leading West African focused gold producer." Ron Little, CEO of Orezone, commented: "This transaction adds significant value for both Orezone and Cluff Gold and will provide more immediate cash flow for the government of Burkina Faso. The sale provides Orezone with a significant non-dilutive financing to advance the development of its Bombore gold project while still allowing the opportunity to participate in the upside at Sega through an equity interest in Cluff Gold."

ONDON, UNITED KINGDOM--(Marketwire - Feb. 3, 2012) - Cluff Gold ("Cluff Gold" or the "Company") (AIM:CLF)(TSX:CFG), the dual AIM/TSX-listed West African focused gold mining company, is pleased to announce that it has entered into a legally binding, conditional sale and purchase agreement (the "Agreement") with Orezone Gold Corporation ("Orezone") for the acquisition of the licences and associated property comprising Orezone's Sega Gold Project ("Sega"), located approximately 20km by road from Cluff Gold's Kalsaka project in Burkina Faso (the "Acquisition"). HIGHLIGHTS /T/ -- Acquisition of new gold licences located within trucking distance of Kalsaka, hosting NI 43-101 compliant gold resources comprising 450,366oz Indicated (8.3Mt at 1.69 g/t) and 147,344oz Inferred (2.9Mt at 1.58g/t) -- Consideration comprises 11 million new Cluff Gold ordinary shares and US$15 million cash -- Opportunity to significantly increase the Kalsaka mine life with limited upfront capital expenditure -- Detailed metallurgical test work completed by Orezone has indicated average heap leach recoveries of 85% for oxide and transitional ore with favourable agglomeration properties -- Preliminary Economic Assessment to commence immediately to confirm the feasibility of a heap leach operation processing Sega's oxide and transitional resources while maintaining a throughput at Cluff Gold's Kalsaka plant in line with existing capacity of 1.6Mtpa -- Acquisition financed from Cluff Gold's existing cash resources which, as at 31 December 2011, total US$28.9 million -- Completion remains conditional on standard closing conditions including the approval of the Government of Burkina Faso and the approval of the

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=19854310

A project update from Central Asia Metals (CAML) confirmed the plant at the Kounrad copper project has been completed with capital expenditure below budget. Initial copper production is expected for April 2012 with targeted production of 5,000 tonnes of copper cathode for the year. Central Asia Metals also confirmed it had won SaryArka's tender process for the sale of its 40% stake of Kounrad, meaning Central now owns the project outright. The shares surged 11.75p to 77p.

http://www.investegate.co.uk/Article.aspx?id=201202020700176480W

Defence technology developer QinetiQ (QQ.) announced that market conditions in the US and UK remain difficult, as governments look to cut costs. As a result, the company has been forced to reduce its own expenses to remain competitive. The group also noted a number of contract wins, including a four year, 38 million pounds with the UK Ministry of Defence to improve its naval combat systems. The shares fell by 1.9p to 134.5p.

Bango (BGO) shares jumped 14.5p to 109.5p as the mobile payment services company confirmed that it was in the final stages of negotiations to provide services to a 'leading platform' for mobile web apps. The shares have risen over 60% since the turn of the year, sweeping aside Merchant Securities' "sell" recommendation and its 47p price target made in December. Northland Capital meanwhile went with "outlook unclear" after the group's interims in November, noting the shares were likely to remain under pressure, despite the firm's EBITDA loss narrowing 95% in the six months to September.

http://www.investegate.co.uk/Article.aspx?id=201202020700136037W

Dairy Crest (DCG) said that it performed in-line with expectations over the nine months ended 31st December 2011, with like-for-like sales up 2% year-on-year. The company also noted 8% growth from its five core brands - which include Cathedral City and Clover - in the third quarter. Additionally, the cheese and butter manufacturer expects to deliver 20 million pounds of annual cost savings. Dairy Crest shares inched down by 3.2p to 320.5p.

Shares in Shanks (SKS) soared by 13.15p to 113p as speculation mounts over a potential takeover by a private equity firm. It is believed that investment manager Schroders (SDR) has received a bid for its 17% stake in the waste management company, in preparation for a takeover offer of up to 140p per share. Shanks previously rejected a bid from US private equity company Carlyle in 2010 after it reduced its offer to 120p, from 135p

Specialist Energy Group (SEG) has had a pleasing morning on the markets after announcing a surge of orders in the second half of its financial year. SEG is the owner of Hayward Tyler, which is a leading manufacturer of boiler circulating pumps. The stock has declined 59% in the last 12 months but today the firm says order intake for 2011 reached £31.6m, a 5% increase over 2010. As the Chief Executive, Ewan Lloyd-Baker, explained: “the trading levels experienced in the second half ...significantly exceeded those achieved in the first six months of the year." The company has also recruited a new management team at Hayward Tyler, with the appointments of a Chief Operating Officer, Supply Chain Director, and Human Resources Director.

Kate Swann, Chief Executive of WH Smith, the books and stationary retailer, has sold a sizeable chunk of her stake in the firm to raise capital to buy herself more property, according to a company spokesperson. Swann, who is widely held responsible for turning the company around since her arrival in 2003, sold off 425,000 shares at 550.74p each, for a total of £2.34m. The sale equates to 40% of her previously owned stake. She now holds 0.47% of the firm's shares and remains the largest single shareholder.

Would be encouraging to see the BID finish on 20 (or above)

Charles Stanley downgrades from hold to reduce, target cut from 143p to 100p.

Nomura raises target from 580p to 600p, neutral rating kept.

ubs raises target from 620p to 630p, neutral rating kept;

ara Lee Corp. (NYSE: SLE) today reported earnings for the second quarter and first half of fiscal 2012 and updated the progress of the spin-off of the company’s international Coffee & Tea business. Second Quarter Highlights (continuing operations): Adjusted1 and reported net sales increased 6% Coffee & Tea: adjusted net sales up 12%; reported net sales up 11% Meat2: adjusted net sales up 1%; reported net sales up 2% Adjusted operating income increased 18%; reported operating income declined 42% Coffee & Tea: adjusted operating segment income up 2%; reported operating segment income up 29% Meat: adjusted operating segment income down 2%; reported operating segment income down 7% Adjusted EPS increased six cents to $0.27; reported EPS decreased nine cents to $0.05 Reiterating guidance despite negative impact from currency