Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=20120125123420P277A

Barclays Capital upgrades Halfords Group from underweight to overweight, target price raised from 270p to 450p

Shire (SHP) remains a "sell" for Panmure Gordon, with a 1,780p target price. The pharmaceutical company's peer Genzyme has been granted US approval for a manufacturing site for its Fabrazyme treatment for Fabry disease, which will provide a direct competitor to Shire's Replagal drug. With Genzyme suffering difficulties previously, Shire was able to capitalise on the opportunity and revenues jumped from 193 million dollars (124.2 million pounds) to 435 million dollars (279.9 million pounds), but Panmure believes that this advantage has now ended

Christopher Hyman, Chief Executive of Serco Group, said: "We are delighted that the Ministry of Defence has selected us to extend our operational support to cover 29 UK military bases, with services ranging from aircraft engineering through training to asset and infrastructure management. These contract awards demonstrate our ongoing commitment to enable affordable defence capability around the world."

Serco contract awards for UK defence MACs Serco awarded contracts for support services to the UK's Royal Air Force and Naval Air Command 25 January 2012 Serco Group plc (Serco), the international service company, announces that it has been awarded a number of contracts providing a range of operational support, engineering and training services, known as Multi-Activity Contracts (MACs). The contracts to the UK's Royal Air Force (RAF) and Naval Air Command have a combined total potential value to Serco of £130m. Serco has successfully rebid its RAF Northolt MAC, providing aviation and engineering facilities and logistics support at this major RAF airport, including maintenance and associated support of 32 (The Royal) Squadron, and at various satellite stations in and around London. The contract commences in April 2012, is for a three-year period with options to extend by up to a further four years and would have a total value to Serco of approximately £70m over the full seven years. The provision of aviation and engineering facilities and aircraft support at Royal Navy Air Stations (RNAS) Yeovilton and Culdrose, together with various satellite stations, has also been successfully rebid. This complements our maintenance and support services currently provided under a separate contract to the Merlin helicopter fleet at RNAS Culdrose, which was recently awarded a Commander-in-Chief Fleet's Commendation for outstanding support to flying training. The new contract commences in April 2012, is for a three-year period with two option years and would have a total value to Serco of approximately £ 40m over the full five years. A new MAC was also won in November 2011 for RAF Valley on the Isle of Anglesey, North Wales, which will support their crucial role in training fast jet pilots for both the RAF and the Royal Navy. RAF Valley is also home to the life-saving UK military Search and Rescue Force headquarters, search and rescue training, and the RAF Mountain Rescue Service. The five-year contract commences in April 2012 and has a total value to Serco of over £20m.

http://www.investegate.co.uk/Article.aspx?id=20120125090000P943A

Paul Moody, Chief Executive, commented: "Our GB, French and International business units have again delivered positive revenue growth and we continue to compete strongly and effectively in each of our markets. We expect the general economic and trading environments to remain challenging but, despite this caution, we are confident in our ability to deliver another solid set of results for the year ahead, in line with our expectations."

Britvic plc ("Britvic") Quarter 1 Interim Management Statement 25th January 20121 · Group Q1 revenue increased by 2.5%, driven by growth in GB, France and International · GB take-home channel share gain · Strong carbonates revenue growth, led by substantial Pepsi share gain · Continued double-digit revenue growth in France, driven by pricing growth · Pension funding partnership will be successfully implemented by end of January 2012 GB revenue grew by 2.8%. Britvic achieved take-home market volume and value share gains in the important Christmas quarter. Carbonates performed particularly strongly with revenue growth of 5.8%, led by Pepsi, which substantially grew its market share of the take-home cola market. With our increased year on year promotional activity in the quarter, carbonates ARP growth was 0.2%, which builds on the strong prior year Q1 comparative of +4.6%. GB stills showed an improving performance compared to recent quarterly trends, with revenue declining by 1.7%. Ireland revenue declined by 10.0%. Volume was down 0.2% and ARP (excluding third party products) was down by 5.3% due to both promotional intensity and adverse mix. Britvic Ireland held value share of the take-home market. Half of the 10% revenue decline is attributable to the third-party brands, largely alcohol, which we distribute via the licensed wholesale business where the on-to-off trade shift was especially marked. France revenue grew by 12.6%. Strong revenue performance was driven by the achievement of significant price increases to cover raw material inflation, leading to ARP growth of 14.7%. Our volume and value market share of syrups has further increased. International revenue grew by 1.7%. The single-digit revenue growth in Q1 and ARP decline reflects the different timing of concentrate shipments to Australia compared to the stock build last year and the phasing of promotional activity in export markets. The prior year Q1 revenue comparative was 41.5%. We remain on track to achieve full year revenue growth guidance of 20%

http://www.investegate.co.uk/Article.aspx?id=201201250700131162W

Singer Capital downgraded Logica (LOG) from "fair value" to "sell", with a reduced target price of 65p, from 87p. The broker notes that the IT company's shares have rallied 36% in the last month, rising above December levels before it issued a profit warning. With a huge exposure to the European market, Singer expects the group to struggle in the new year, which could lead to further restructuring

Damn - I missed this RNS first thing - probably wouldnt have been able to buy in anyway - looks good with more to come

Results from the slightly shallower Z-Sand indicate three oil saturated sands which also look encouraging. Further analysis of this zone will be carried out with testing considered at a later date.

J-53 DRILLING UPDATE KEY POINTS: · Well J-53 has reached its final depth; mud logs, core and open hole wireline logs indicate hydrocarbons in the Mid Triassic horizon · Initial analysis indicates 87m gross and 56m net pay in Mid Triassic carbonate reservoir unit · J-53 is being prepared to run production casing to allow for a period of up to ninety days of flow testing from the Mid Triassic

http://www.investegate.co.uk/Article.aspx?id=201201250700141201W

Richard Archer, Head of Leasing at Canary Wharf Group said: "BNY Mellon has been a highly valued tenant at Canary Wharf for over 13 years and we are delighted that it has agreed to extend its occupation at Canary Wharf. This is another vote of confidence in both Canary Wharf and London."

For immediate release 25 January 2012 The Company attaches a release which has today been issued by its subsidiary Canary Wharf Group plc ("Canary Wharf Group"). This release will accordingly be of interest to shareholders of the Company. BNY Mellon Renews Leases on 152,000 sq ft at Canary Wharf Canary Wharf Group has renewed leases with BNY Mellon on 152,226 sq ft at One Canada Square, Canary Wharf, for a term of eight years from 1 January 2014 at a rent of £42.50 per sq ft. The leases apply to levels 40, 41, 43, 47, 48 and 49 in One Canada Square, Britain's tallest operational building at 50 storeys and one of the premier business addresses in the UK. A rent-free period of 18 months will be granted from 1 January 2014. There will be tenant-only break options for levels 40 and 41 at the fifth anniversary of the reversionary term (1st January 2019), subject to a penalty payable by the tenant equating to ten- months rent.

http://www.investegate.co.uk/Article.aspx?id=201201250700131175W

Market wont like this

David Green, Chairman, said "The principal reason for the decline in our pre-tax profit for the six months to 31 October 2011 was a weak performance from the Decorating Division which made a loss of £248,000 for the first half compared to an exceptional profit of £625,000 in the same period last year. In addition, sales in the Product Division's principal markets were weaker than we expected. Since the half year end trading conditions in the UK and Europe have deteriorated and we expect trading to become more difficult. In the US, which is our major market, we expect the recovery to continue but at a slower pace than we previously anticipated. There are still three important sales months left in this financial year but, as a result of current trading conditions, the Board now believes that this year's pre-tax profits will be significantly below current market expectations. The Group has a strong balance sheet and we continue to invest in our portfolio of brands but until we have evidence of a return to growth our focus will remain on managing cash flow and controlling costs."

Half Year Results for the six months ended 31 October 2011 Colefax is an international designer and distributor of furnishing fabrics & wallpapers and owns a leading interior decorating business. The Group trades under five brand names, serving different segments of the soft furnishings marketplace; these are Colefax and Fowler, Cowtan & Tout, Jane Churchill, Manuel Canovas and Larsen. Key Points · Sales of £35.14m (2010: £36.69m) · Pre-tax profit of £1.98m (2010: £2.98m) · Earnings per share of 9.9p (2010: 12.4p) · Net cash of £5.30m (2010: £7.26m) · Interim dividend held at 1.85p per share (2010: 1.85p per share) · Weak performance from the Decorating Division · Recovery in core US market slower than expected