Member Info for mulledwine

DIRECTOR/ PDMR SHAREHOLDING LADBROKES PLC ("THE COMPANY") ANNOUNCES THAT STEPHEN VOWLES, A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY, PURCHASED: n 7,391 ORDINARY SHARES OF 28⅓P EACH OF THE COMPANY ("SHARES") AT 133.1 PENCE PER SHARE ON 20 OCTOBER 2011; AND n 26,423 SHARES AT 137.4 PENCE PER SHARE ON 21 OCTOBER 2011. THE COMPANY FURTHER ANNOUNCES THAT JOHN KELLY, A NON-EXECUTIVE DIRECTOR, PURCHASED 18,041 SHARES AT 137.871 PENCE PER SHARE ON 24 OCTOBER 2011. FOLLOWING THESE TRANSACTIONS: n STEPHEN VOWLES IS BENEFICIALLY INTERESTED IN 226,378 SHARES; AND n JOHN KELLY IS BENEFICIALLY INTERESTED IN 18,041 SHARES.

http://www.investegate.co.uk/Article.aspx?id=201110260932258653Q

Fund management was not the sector to be in this summer as chaotic markets led to a flight of investors, and F&C Asset Management has not been immune, writes the Tempus column in the Times. The company has also suffered from a sense of drift since activist investor Edward Bramson lost patience with the previous board and installed himself as chairman in February. Mr Bramson had said he would reveal his strategic plans for the company in the autumn; yesterday he did so. They can be summarised as cut costs, concentrate on core products in the institutional market and wait until spring before I say what plans I have for the retail side of the business. The shares, one of our Tempus tips of the year, were up 1½p to 63½p. Mr Bramson is playing a long game, but the signs are that the market is already moving on to his side.

We have been fans of BG for some time now. And the FTSE 100 listed energy major, which was one of our 10 companies to follow this year, did not disappoint with its third-quarter results yesterday, says the Investment Column in the Independent. The headline numbers were better than expected, with operating profits at $1.86bn (£1.16bn) ahead of the figure pencilled in by City scribblers, but the real star of the show was BG's liquefied natural gas arm. The company now expects the division, which makes up over a quarter of the company's operating profits, to notch up $2.4bn in operating profits for the year, "exceeding previous guidance". BG is currently changing hands at under 1,400p, which puts it well below most analyst target prices. Citigroup, for example, using its discounted cash flow valuation, is targeting 1,550p. Moreover, it trades well below consensus net asset value estimates of 1,750p. Buy, recommends the paper.

A year ago, ARM Holdings forecast that about six billion of its chips would be sold in 2010, having just clocked up 1.5 billion in the third quarter, notes the Tempus column in the Times. This time around, ARM has done 1.9 billion and expects the year’s total to fall a bit short of 8 billion. These figures are worth bearing in mind when you read of tough times in the semiconductor industry and recent warnings from customers such as Texas Instruments about falling demand for its gadgets. These will inevitably feed through into falling orders for its chips, because ARM books this royalty income a quarter in arrears, so that weakness is already in the pipeline. There is no doubt that demand on the high street for the end product is flat; fourth-quarter growth should flatten off but not stop entirely. The shares trade erratically; they hit a ten-year peak of 651p in February but, up 14½p to 589½p yesterday, they have fallen 7 per cent since July on fears of a third-quarter slowdown. The multiple they are on at any given moment, now 40-plus next year’s earnings, is irrelevant. Hold for long-term growth, recommends the paper.

Nicandro Durante, Chief Executive, commented "While the challenging economic conditions continued to impact consumers in some markets, other markets are showing signs of recovery. Excise-driven price increases in a few markets will continue to affect industry volumes. However, we have grown our Global Drive Brands and achieved good growth in revenue and profit. We are on track for another year of good earnings growth."

RITISH AMERICAN TOBACCO p.l.c. INTERIM MANAGEMENT STATEMENT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2011 • Good organic revenue growth of 7 per cent at constant rates of exchange • Volumes from subsidiaries decreased by 0.6 per cent to 523 billion, organic volumes reduced by 0.4 per cent • Global Drive Brand volumes grew by 8 per cent

http://www.investegate.co.uk/Article.aspx?id=201110260700178386Q

Yes it keeps coming. Kumar Ahuja, Senior Vice President, Business Development, Eros International said: "Eros' business model mitigates risk by monetising content across multiple media platforms. One of those platforms is television syndication and the licensing of our films to television channels. These content deals announced today will attract more viewers to the individual channels and also ensure that Eros continues to monetize its content across geographies and media platforms."

Ralf Seufert, Scapa Group's Commercial Director, said, "Brazil is rapidly becoming a major force in the global economy. The creation of Scapa Brazil Ltd reinforces Scapa's commitment to customers in Brazil by providing them with local support to develop value solutions to meet their specific needs."

Scapa Group plc ("Scapa") Creation of Brazil Subsidiary Scapa Group plc (LDN: SCPA.L), a global supplier of bonding systems and solutions, announces it has set up a new wholly owned subsidiary, Scapa Brazil Limited. The subsidiary, based in Sao Paulo,will give Scapa a greater exposure to the Brazil economy and help consolidate its presence in the Latin American market. It also reflects Scapa's strategy of providing local support to its worldwide customer base.

http://www.investegate.co.uk/Article.aspx?id=201110260700238380Q

NET REVENUE AS RESTATED INCREASES 47% NET INCOME $1.0 MILLION; ADJUSTED EBITDA $2.6 MILLION Planet Payment, Inc. (UK: LSE:AIM: PPT and PPTR; USA: OTCQX: PLPM), a leading provider of international payment processing and multi-currency processing services, today announced its results for the six months ended June 30, 2011 and that the Company has adjusted its revenue presentation and reissued recent historical financial statements. As a result of this announcement the Company expects the temporary suspension of its shares on the AIM market to be lifted and the Company to be reinstated to the OTCQX market tier. During the first half of 2011, the Company again achieved strong operating results, highlighted as follows: · Net revenue for the period increased 47% to $19.9m (H1 '10: $13.5m). · Consolidated gross billings increased 70% to $47.0m (H1 '10:$27.7m). (See below for explanation of this metric) · Gross foreign currency mark-up increased 86% to $40.2m (H1'10: $21.6m). (See below for explanation of this metric) · Net income increased to $1.0m (H1'10 loss: ($2.3m)). · Adjusted EBITDA for the period was $2.6m compared to a loss of ($0.4m) a year ago. See Table 1 for reconciliation of net income (loss) to Adjusted EBITDA. · Settled multi-currency dollar volume increased 79% to $1,057.3m (H1 '10: $592.2m). · Multi-currency active merchant locations increased by 66% to 14,345 as of June 30, 2011 (as of June 30, 2010: 8,639).

http://www.investegate.co.uk/Article.aspx?id=201110260730018431Q

Financial Position There has been no material change to our strong financial position since the Interim results published in August. Outlook Our outlook for the year remains unchanged from that given in the Interim results, which stated: "We continue to expect growth in 2011 with performance in the second half anticipated to be similar to the first half, despite the current economic backdrop. Overall our construction programme is progressing well and is on plan to deliver the anticipated EBITDA growth in 2013, despite the delay at our Jirau hydro project in Brazil. Greater integration in our merchant markets, in particular through LNG and retail activities, provides more resilience to our portfolio. We are confident of delivering sustained growth in shareholder value from our significant pipeline of development projects in emerging markets, coupled with our strong competitive position and future recovery in merchant markets."

International Power plc - Interim Management Statement (London - 26 October 2011) International Power plc today publishes its Interim Management Statement in respect of the period 1 January 2011 to 25 October 2011. The following commentary relates to financial performance on a pro forma basis and includes the revenue from both International Power and GDF SUEZ Energy International* for the nine months ended 30 September, for 2010 and 2011. Financial and operating update Revenue for the nine months ended 30 September 2011 was €12,344 million. Our enlarged portfolio of assets has continued to perform well and in line with our expectations. We continue to make good progress on integration, with synergies outperforming expectations as previously disclosed.

http://www.investegate.co.uk/Article.aspx?id=201110260700178381Q

Not bad at all considering.

Andrew Tinkler, Chief Executive Officer, said: "We have delivered a robust performance across the Group despite a tough market for transport. Our new strategy is being implemented and we are well positioned to deliver strong results in the medium term. "The weak economy, however, has held back our rate of profit growth particularly in Transport and Distribution. "The road transport operations were affected by fluctuating customer demand during the summer, but we have substantially improved our operational information systems allowing us to manage this volatility much better and achieve cost savings. This has meant that the division is back on track and profitability has broadly returned to previous expected levels. "Estates is on track to deliver future value and has a number of potential property transactions in the pipeline. "Our Biomass business is expanding quickly as a result of demand from both the UK and overseas and we expect plenty of new opportunities to arise from the fast-growing renewable energy sector. "We have made great progress at London Southend Airport. The work is on target and we anticipate passenger numbers to grow strongly once easyJet flights begin next spring in advance of the Olympic Games. "As a result of the actions we have taken in Transport and Distribution we expect to report further progress in the second half. The Board's outlook for the year is broadly unchanged despite the tough environment".

Robust performance across the Group despite tough market for transport Stobart Group (Stobart), a leading provider of multi-modal transport logistics, Estates, Air and Biomass, today announces its interim results for the six months ended 31 August 2011. Financial Highlights · Revenue up 15.3% to £281.1m (2010: £243.7m) · Underlying EBITDA* up 2.6% to £27.6m (2010: £26.9m) · Underlying profit before tax** up 6.5% to £16.4m (2010: £15.4m) · Profit before tax of £14.7m (2010: £15.4m) · Adjusted earnings per share*** of 3.9p (2010: 4.3p) · Interim dividend of 2.0p (2010: 2.0p) per share payable on 9 December 2011 · Net cash generated from operations up 104% to £27.8m (2010: £13.6m) *Underlying EBITDA is calculated as the underlying operating profit of £19.1m (2010: £18.8m) adding back depreciation and amortisation of £8.7m (2010: £8.6m) and less share based payments of £0.2m (2010: £0.5m). ** Underlying profit before tax comprising the underlying EBITDA of £27.6m (2010: £26.9m) less depreciation and amortisation of £8.7m (2010: £8.6m) less finance costs of £3.3m (2010: £3.3m) plus finance income of £0.8m (2010: £0.4m). ***EPS based on underlying PBT and allowing for a 26.2% tax charge.