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BUNZL INTERIM MANAGEMENT STATEMENT - STRONG TRADING CONTINUES Bunzl plc, the international distribution and outsourcing Group, today announces its interim management statement for the period since 30 June 2011. Overall trading has remained strong and in line with expectations at the time of the half year results announcement in August. At constant exchange rates and after adjusting for a higher number of trading days in 2011 compared to the same periods in 2010, Group revenue in both the third quarter and year to date has increased 6% compared to last year due to underlying growth of about 3.5% and the positive impact from acquisitions. Compared to the same periods last year, Group operating margin has also improved in both the third quarter and year to date. In relation to the third quarter: · In North America underlying revenue growth continues to be strong at a similar level to the first half and the operating margin is stable. · Against a backdrop of a continuing weak economy in the UK & Ireland, operating margin has improved although the underlying revenue is slightly behind the same period in 2010. · In Continental Europe revenue has increased strongly with underlying revenue growth at a similar level to the first half. Operating margin has also improved. · In the Rest of the World the combination of good underlying revenue growth, operating margin improvement and the positive impact from acquisitions and exchange has led to continued strong revenue and profit growth. Acquisitions are a key component of Bunzl's growth strategy. Year to date the Company has announced nine acquisitions and invested more than £145 million acquiring businesses with annualised revenue in excess of £165 million. The pipeline continues to be promising. There has been no significant change in Bunzl's financial position during the period and the Group continues to have substantial funding headroom available. The Company's strong cash flow and balance sheet continue to give the Group the flexibility to take advantage of opportunities to consolidate further the markets in which it competes. In spite of challenging economic conditions, the Board is confident that Bunzl's geographically diversified business, its market leading positions in relatively resilient sectors and the impact from acquisitions should allow the Group to deliver further growth.

http://www.investegate.co.uk/Article.aspx?id=201110250700147068Q

Kerr Anderson, Ormonde's Managing Director, said: "We are delighted with the upgrade in mineral resources and the interim results of the feasibility study at Barruecopardo. We now move forward with a project which will produce substantially more tungsten than previously envisaged. Barruecopardo remains a large scale, low capital and operating cost mine, providing a secure source of this strategic metal, generating significant annual net operating cash flows, and delivering sustainable benefits to the local community. We are now well positioned to advance discussions with various parties who have expressed an interest in the development of this strategic tungsten resource and to decide on the most appropriate capital funding for the project when the feasibility study is completed."

HIGHLIGHTS · A JORC-compliant interim Mineral Resource Estimate (MRE) reported by CSA, incorporating the results to-date of the infill drilling programme and reflecting a reduction in the cut-off grade and a revised mining strategy from a selective mining method to a more bulk mining approach, shows a total resource of 25.3Mt grading 0.27% WO3 (tungsten trioxide). · Of this total, 16.7Mt grading 0.29% WO3 is classified as an Indicated Resource for a total of 4.83 million metric tonne units ("mtus") of WO3; this compares with 3.0 million mtus in the previous resource estimate. · Open pit optimisation by CSA on the Indicated Resource has captured open pit mineable material of 8.4Mt with an average life-of-mine grade of 0.31% WO3 within an open pit shape unchanged from earlier studies; with a total of 2.6 million mtus of WO3 mined. · A Trade-off study has identified an optimum plant throughput of 1.1 million tonnes per annum (Mtpa), to yield an average of 230,000 mtus of WO₃per annum over a nine-year period (with a two year ramp up period) for a total of 2.1 million mtus produced over the life of the open pit; a substantial increase on the 130,000 mtus WO₃/annum production rate estimated in the Scott Wilson Study "Base Case" scenario reported in September 2010. · Total tungsten recovered over the life of the open pit portion of the deposit will increase by 60% compared with the Scott Wilson Study "Base Case". · Indicative capital costs will be approximately Euro 40M (including a 20% contingency); which are within the range of previous capital estimates outlined in the Scott Wilson Study. · Cash operating costs average Euro 104/mtu over the life of the open pit mine. · Based upon this revised mining operation, first production is now scheduled for end Q2 2013, assuming continued progress in permitting, scheduled completion of the feasibility study and advancing discussions to fund the mine capital, confirming Barruecopardo as Europe's next major tungsten producer. · Applying current design and cost parameters to Ormonde's financial model indicates that pre-tax net operating cash flows of approximately Euro 20M/annum would be generated (averaged over the nine year life of the open pit mine) at a tungsten price of US$290/mtu WO₃ for ammonium paratungstate (APT), rising to Euro 29M/annum at a price of US$350/mtu; the current price for APT is around US$450/mtu WO₃(1). · The feasibility study, due to be completed by the end of the year, will reflect this substantially larger production from the unchanged open pit shape. · Permitting activities are progressing well following feedback from the relevant authorities.

http://www.investegate.co.uk/Article.aspx?id=201110250700147253Q

Chief Executive Officer, John Harnett, commented: "I am pleased that IPF has performed well in Quarter 3, combining steady growth with sound credit quality and improved cost efficiency. Overall our business is in good shape to deal with the uncertain economic outlook."

Interim Management Statement In accordance with the UK Listing Authority's Disclosure and Transparency Rules, the purpose of this Interim Management Statement is to provide an update on the performance and financial position of IPF since 1 July 2011 up to the date of publication. The quarterly figures presented in this statement are unaudited. Quarter 3 highlights · Controlled growth across all markets: o 10% growth in customers to 2.3 million, 13% growth in credit issued to £214.2 million and 13% growth in average net receivables to £588.3 million · Profit before tax increased by 11% to £27.0 million after absorbing the impact of higher funding costs and early settlement rebates of £6.3 million: o Revenue, net of early settlement rebates, up 9% o Impairment as a percentage of revenue in line with 2010 at 25% o Cost-income ratio improved by 0.5 percentage points to 40.6% · Profit before tax for the nine months to September increased by 14% to £62.7 million, after absorbing an additional £17.7 million of higher funding costs and early settlement rebates · Strong balance sheet with equity to receivables of 58.1%, gearing at 0.9 times and borrowings reduced to £282.4 million, reflecting a cash generative business model

http://www.investegate.co.uk/Article.aspx?id=201110250700167447Q

Welcoming both deals Andy Roberts, Chief Executive Officer of The Innovation Group added: "This is excellent progress for us in Australia and for our Group as a whole. These successes validate our investment in the Insurer software platform, which is winning over new customers with its flexibility, capacity and speed of implementation. I am also pleased to unveil further evidence of our ability to win business that involves both of our key service lines. It is this combination of sophisticated software and highly capable service teams which, I believe, sets The Innovation Group squarely apart from its peers."

Australia Contract Wins - The Innovation Group is pleased to report two important new contracts in Australia - - Contracts involve both the Group's Software and BPO capabilities - The Innovation Group plc (LSE: TIG.L), is pleased to announce that it has signed two new contracts in Australia, utilising the Group's Business Process Outsourcing ("BPO") and Software capabilities. The first contract is a three year software license agreement with one of Australia's best known mid tier Property and Casualty Insurers. Under the terms of the agreement, the insurer will utilise the Group's Innovation Insurer Suite software to implement multiple new lines of business and will also migrate a number of existing legacy systems on to the Insurer platform. This contract is the Group's first sale of its entire Insurer Suite offering, which includes Claims, Analytics and Policy, also making it the first sale of the new Insurer Policy product. The agreement is expected to generate approximately AU$7.0m (£4.4m) in revenue over its three year period. The second contract is a three year software license and BPO agreement with the Australian arm of a global insurance company headquartered in the United States. As part of its agreement with this insurer, the Group will provide its Innovation Insurer Policy software to the insurer's Australian arm via a Software as a Service ("SaaS") model, as well as hosting the software and providing application support. The Group will also provide the insurer's Australian arm with outsourced services to support the administration of certain policy types sold through the insurer's Australian distribution network. This contract, the first to combine Innovation's software and BPO capabilities, is expected to generate between AU$2.0m and AU$4.8m (£1.25m and £3.0m) in Group revenue over its term, dependent on the volume of policies sold.

http://www.investegate.co.uk/Article.aspx?id=201110250700157417Q

Lord Harris of Peckham, Chairman and Chief Executive, said: "As I have said previously, like many other retailers we expect the challenging trading environment across Europe will continue for the rest of our financial year. This view is reflected in the update announced today. "In the UK, like-for-like sales performance has been volatile, with sales volumes closely linked to periods when there has been a higher level of promotional discount. This factor, alongside an increasing proportion of beds in the sales mix, will dilute the gross margin by around 400 basis points in the first half compared to the prior year, with a corresponding impact on first half profitability. To partially offset this, we continue to take a determined approach to reducing our cost base and expect this to be down by approximately £4m. In this fragile market, we remain focused on self-help measures. We have continued to rationalise the UK store base and have been successful in transferring sales to nearby stores as part of this activity. Based on our experience in the first half, we are adapting our ranges and promotional activity to continue to offer the best prices to our customers whilst simultaneously working with our suppliers to reduce the level of margin investment. Following the appointment of a new senior management team in July 2011, we have further developed and expanded our beds business, which now represents approximately 6.0% of revenue. The new team will launch a significantly improved beds range in the third quarter of our current financial year and accelerated growth from the beds business will be an important area in the delivery of our sales and margin targets for the second half. The roll-out of our new laminate offering is progressing and we continue to develop our website to help drive store footfall. These factors are expected to combine to limit the impact on gross margin to around 300 basis points for the full year. "The actions we have taken in our Rest of Europe operations are delivering an improvement in profitability despite a decline in sales. "As a consequence of all of these factors, we expect underlying pre-tax profits for the full year to be towards the lower end of the current range of expectations. "Looking forward, I see no respite from the challenging environment over the next year but remain confident the Group will emerge in a strong position to deliver future growth once consumer demand improves."

Pre-close Trading Update Carpetright plc, Europe's leading specialist carpet and floor coverings retailer, today announces a trading update for the 12 weeks ended 22 October 2011. Highlights · Group sales1 declined by 5.2%. · The Group's store base has decreased by 11 to 643 stores. · Sales in the UK declined by 6.8%, with like-for-like sales2 down 3.0%. · In local currency terms, total sales in Rest of Europe (The Netherlands, Belgium and the Republic of Ireland) decreased by 1.8% with like-for-like sales down 1.7%. After allowing for the movement in exchange rates, this translates to a total sales increase of 2.9%. · Full year underlying pre-tax profits expected to be at the lower end of current expectations5.

http://www.investegate.co.uk/Article.aspx?id=201110250700197501Q

Warren East, Chief Executive Officer, said: "In the third quarter of 2011, we saw a continued high level of design activity with many new customers licensing ARM technology for the first time, driven by end market requirements for smarter, low-power chips. Demand for our technology has come from a broad range of applications, from sensors to computers. Over the last year we have seen strong growth in shipments of ARM technology-based chips, with a 50% increase of shipments into non-mobile markets such as digital TVs, microcontrollers and networking applications. Royalty revenues in Q3 have been impacted by the below seasonal growth in the semiconductor industry, but we continue to gain share. With customers looking to design ARM technology into a widening product portfolio, ARM is continuing to invest in the development of new products to drive long-term growth in our revenues, profits and cash." Outlook ARM enters the final quarter of 2011 with a healthy opportunity pipeline for licensing and an order backlog which remains at historically high levels. This combination points to another strong quarter for license revenue in Q4 and a robust order backlog at the year end. ARM Q4 royalty revenues are generated from third quarter chip shipments. Data for the third quarter indicates that relevant industry revenues were broadly flat sequentially.

Progress on key growth drivers in Q3 · Growth in adoption of ARM® processor technology o 28 processor licenses, including 14 new customers, many of whom are established semiconductor companies buying their first ARM processor license o 9 Cortex™-A and 14 Cortex-M series processor licenses signed, including a next generation processor designed for the smallest and most energy-efficient embedded microcontrollers o Licenses signed for a broad range of end-markets including automotive applications, computers, microcontrollers, mobile phones, enterprise networking, sensors and smartcards · Growth in shipments of chips based on ARM-processor technology o 1.0 billion chips shipped into mobile phones and mobile computers, up 10% year-on-year o 0.9 billion chips shipped into consumer and embedded digital devices, up 50% year-on-year · Growth in outsourcing of new technology o Physical IP: 4 Processor Optimisation Pack (POP) licenses signed for Cortex-A series processors, including the first Cortex-A15 POP at 28nm o Mali™ Graphics: 2 Mali licenses signed for mobile computing and digital TV

http://www.investegate.co.uk/Article.aspx?id=201110250700227540Q

Update on US NDA timelines for NVA237 and QVA149 - Vectura, Chippenham - 25 October 2011: Vectura Group plc (LSE: VEC) (Vectura), the developer of inhaled pharmaceuticals, notes that Novartis has provided an update on NVA237 and QVA149 in its Q3 results today. In the US, NVA237 will require additional clinical data to support submission and will consequently be delayed. The changes to the US NVA237 program will similarly impact approval timing for QVA149 in the US, where additional clinical studies will be required. The QVA149 submission remains on track for 2012 in EU and rest of world. NVA237 (glycopyrronium bromide) has been submitted for approval in the EU under the brand name Seebri Breezhaler, as a once-daily maintenance treatment for chronic obstructive pulmonary disease (COPD). Results from the Phase III GLOW3 study presented at the European Respiratory Society Congress in September, showed that NVA237 50 mcg once-daily produced a 21% improvement in exercise endurance compared to placebo in moderate-to-severe COPD patients. NVA237 was well tolerated, with a similar incidence of adverse events for patients treated with NVA237 and with placebo.

http://www.investegate.co.uk/Article.aspx?id=201110250730027729Q

The Board After ten years on the Board of Senior, and over four years as its Chairman, Martin Clark has indicated his intention to retire from the Board at the next Annual General Meeting, in April 2012. During his tenure as Chairman, Senior has made significant progress and the Board would like to extend its thanks to Martin for his strong leadership and dedicated service on behalf of Senior over the years and to wish him well for the future. External recruitment has now commenced for a new Chairman. Outlook Whilst macroeconomic uncertainty has increased in the past few months, Senior has not seen any material change in underlying order trends since the end of June. The Group continues to perform strongly with Senior's most important end market, the large commercial aircraft industry, anticipating a long-term period of healthy growth. Consequently, the Board expects 2011 adjusted profit before tax(1) to be in line with its previous expectations and, assuming anticipated market conditions prevail, believes the Group remains well positioned for further progress in 2012 and beyond. Other Later today, Senior is hosting a capital markets event for investors and analysts, which will include presentations by management focussing on the Group's Aerospace Structures Division and the large commercial aircraft market. There will be no further update on current trading. In addition, the Group intends to issue a pre-close trading update on Thursday 15 December 2011, ahead of its full year results announcement on Monday 27 February 2012.