Member Info for mulledwine

Trading Update Chamberlin, the specialist castings and engineering group, announces the following update on trading in advance of the publication of first half results for the six months to 30 September 2011. The Group's trading in the first half of the financial year has been in line with management forecasts. Order flow across core foundry activities has reflected predicted schedules and demand has continued to strengthen through the period. New business development initiatives have helped to support the positive trading momentum. As a result the Company continues to trade in line with current market expectations. The Board is continuing to consider complementary acquisitions and sees further growth opportunities in the second half. Half year results will be published at the end of November 2011 when a further update on trading will be provided.

http://www.investegate.co.uk/Article.aspx?id=201110110700079068P

Francis Grogan, Chief Executive Officer of Zambeef, commented: "The last 12 months have been very exciting for Zambeef as the business has continued to grow and develop in line with our strategy of increasing our levels of vertical integration and securing an internal supply of raw products to maximise the operating efficiency and margin generation across the Group. I look forward to updating the market with our full results in due course."

Year End Trading Update Zambeef (AIM: ZAM), the fully integrated agri-business with operations in Zambia, Nigeria and Ghana, is pleased to provide an update on its performance for the year ended 30 September 2011. The Company anticipates announcing its final results in November 2011 and expects turnover and net profit performance for the full year to be in line withmarket expectations. Trading conditions over the financial year have continued to improve, with demand for all product lines increasing, driven largely by the continued expansion of the Zambian economy, which is currently growing at more than 7 per cent. per annum. In June 2011, the Group was admitted to trading on AIM, raising $55m via a placing and simultaneous rights issue on the LuSE and concurrently it successfully concluded the acquisition of the Mpongwe farms* in Zambia.

http://www.investegate.co.uk/Article.aspx?id=201110110700099179P

Group Gross Profit (Net Fee Income) +13%

Robert Walters, Chief Executive, commented: "During the third quarter, we have increased Group net fee income and achieved strong growth across our international businesses. Net fee income growth, whilst positive, has slowed as markets have become more challenging. Group headcount increased by 4% to 2,001, mainly in Asia and Continental Europe and year to date we have opened five offices, two in new countries. The Group is in a robust position as a result of this strategy of international growth and diversification and we continue to invest in those markets where longer term growth opportunities are strongest."

· 75% of Group's net fee income generated from international businesses. · Strong growth in France and Germany: second German office opened in Frankfurt. · Further investment in Asia, with the opening of the Group's first office in Indonesia. · UK market conditions remain challenging. · Recently opened office in Sao Paulo, the Group's first in South America, continues to perform well. · Group headcount of 2,001 (30 June 2011: 1,932). · All major office moves (London, Singapore and Sydney) successfully completed. · Balance sheet remains strong, with net cash in excess of £5m as at 30 September 2011 (£10.7m as at 30 June 2011).

http://www.investegate.co.uk/Article.aspx?id=201110110700109220P

CEO Mike Riley, said: "We are delighted with our first half performance. Sales of systems continue to lead our revenue mix, and the associated annuity income has become a material component of our revenues and contributor to strengthening margins. We are seeing increased momentum in our business. Our pipeline is excellent and we remain confident of meeting expectations for the year".

HALF YEAR TO 30 SEPTEMBER 2011: PERIOD END TRADING UPDATE Endace Limited ("Endace") (AIM: EDA, "the Company"), a world leader in network monitoring solutions, provides an update on performance for the half year ended 30 September 2011. Trading Update Endace made excellent progress in the first half of the year. Revenues for the six months to 30 September 2011 are expected to be approximately US$18.6 million, an increase of 37% over the comparable period last year, and we expect to report a profit before tax, adjusted for share option costs, of approximately $0.2 million. Cash balances at 30 September 2011 were $2.6 million.

http://www.investegate.co.uk/Article.aspx?id=201110110700109224P

Acquisition of Gulliford Consulting Limited Chime Communications PLC, a leading marketing services group, is delighted to announce that it has acquired 100% of the share capital of Gulliford Consulting Limited ('Gulliford') for an initial consideration of £2.5 million. The initial consideration comprises £1.5 million in cash, a further £0.5 million in cash to be paid on 1st January 2012 and the issue of 264,830 new ordinary shares in Chime. £230,000 of cash represents working capital of Gulliford at acquisition which is surplus to requirements after Gulliford joins the Chime group. Chime is acquiring Gulliford from its founder, Simon Gulliford. Gulliford provides marketing strategy consultancy to major corporate organisations. Further tranches of deferred consideration totalling a maximum of £2.25 million may be payable depending upon the future trading performance of Gulliford. At Chime's option up to 30% of the deferred consideration may be satisfied through the issue of new Chime ordinary shares. Application will be made for the 264,830 new ordinary shares of 25 pence each in the capital of Chime (the 'new ordinary shares') being issued as part of the initial consideration to be listed on the Official List of the Financial Services Authority and to be admitted to trading by the London Stock Exchange on its main market for listed securities. It is expected that dealings in the new ordinary shares will commence on 14 October 2011. The new ordinary shares will rank pari passu with Chime's existing issued shares. Following the issue of the new ordinary shares the total number of issued ordinary shares in Chime will be 80,944,656.

http://www.investegate.co.uk/Article.aspx?id=201110110700099188P

Jose Ignacio Lathrop, commented, "The combination of Orbital and JLT will create an even stronger force in the market, providing clients with enhanced access to international markets, experience and specialty skills built on the firm foundations both companies have for client service and innovation". Dominic Burke. CEO, JLT, says "This acquisition is another step forward in JLT's strategy of building our international reach and relevance with a focus on our core specialisms. JLT performed well in our Latin American businesses in 2010 and we hope to build on that in 2011".

JLT acquires majority interest in Orbital Corredores de Seguros, the 4th largest insurance broker in Chile 10th October 2011, London: Further to the announcement made on 28th June 2011, JLT Group plc (JLT) today confirms that it has completed the acquisition of an initial 50.1% interest in the share capital of Alta SA with an option to acquire a further 25% in 2020. The consideration for the acquisition was CLP 7.9bn (£10m), payable in cash on completion. The consideration for the put and call option exercisable in 2020 will be based on the profitability of the business at that time. Vyvienne Wade, CEO of JLT Latin America says ' I am delighted that Orbital and Alta Re are now part of the JLT group. Both are leading firms in Chile's well established market and they add significantly to our capabilities in the region. This transaction once again demonstrates JLT's commitment to developing markets". Alta is the holding company of Orbital Corredores de Seguros, the 4th largest insurance broker in Chile, and Alta Re, a reinsurance broker which commenced operations in April 2010. It has been a member of the JLT International Network since 2010. Alta generated net revenue of CLP 4.1billion in 2010 (approximately £5.1m) and produced a profit before taxation of CLP 1.7billion (approximately £2.1m). Alta is led by Jose Ignacio Lathrop, CEO and Federico Tagle, Chairman; both will continue in their existing roles.

http://www.investegate.co.uk/Article.aspx?id=201110100901018638P

Daniel Stewart initiated coverage of Standard Chartered (STAN) with a "buy" recommendation and setting a target price of 1,500p. The banking group has delivered record revenues and profits every year since 2007, says the broker, and with 90% of its revenues coming from emerging markets, Daniel Stewart believes the company has excellent growth prospects. Trading on an earnings multiple of 9.8 times for 2011 and offering a yield of 3.7%, the broker believes the shares are cheap. Standard Chartered shares leapt 58p to 1,385p.

Matchtech (MTEC) kept its "buy" recommendation from Brewin Dolphin, with a target price of 260p. The technical recruitment agency reported full year revenues of 302 million pounds, with pre-tax profits of 6.4 million pounds roughly in-line with the broker's forecast of 6.5 million pounds. Brewin notes that the first and second half operating profit split of 2.5 million pounds to 4.3 million pounds shows good growth in the core business, and expects the improvement to continue. The shares inched down 0.5p to 219.5p.

Singer Capital initiated coverage of St Ives (SIV) with a "buy" recommendation and 126p target price. The broker believes that the printing company's three stage plan, set up two years ago, is beginning to bear fruit. The acquisition of four marketing businesses has significantly helped the group, says Singer, and forecasts that 79% of the company's revenues will come from marketing services for the 2012 financial year. Shares in St Ives jumped 2.5p to 77.5p.