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Phytopharm is Awarded a Technology Strategy Board Grant to Support the Development of Myogane™ in Glaucoma Phytopharm plc (PYM: London Stock Exchange) ("Phytopharm" or the "Company") today announces that it has been awarded a grant by the Technology Strategy Board to provide funding to support the evaluation of Myogane™ in an in vivo preclinical model of glaucoma. Myogane™ has the potential to be a neuro-protectant treatment of glaucoma. Glaucoma is a neurodegenerative disease of the eye affecting 60 million people and is the second leading cause of blindness worldwide. Current treatments of glaucoma are predominantly targeted at reducing intra ocular pressure within the eye, however the remains a major unmet medical need for treatments which can slow the underlying neurodegenerative disease process. Myogane™ has demonstrated neuro-protective and neuro-restorative effects in a range of neuronal cell types including retinal ganglion cells, which are the cells affected in glaucoma. Myogane™ exhibits it's effect via the modulation of neurotrophic factors, naturally occurring proteins which protect and promote the growth of neurones and which have been shown to be effective in protecting against neurodegeneration in a number of models of glaucoma. The study, if positive, will support the further clinical development of Myogane™ in glaucoma. Myogane™ is a small molecule drug which has been shown to have good oral bioavailability when dosed once daily in Phase I studies.

Beggars can’t be choosers and, with Greece now having been reduced to the eurozone’s biggest mendicant, getting $680 million of funding for goldmines there and in Romania was never going to be easy. So the Greek Government has allowed the sale of a bit of the family gold and cleared the purchase of 9.9 per cent of the shares in European Goldfields by the Qatari sovereign wealth fund, writes the Tempus column in the Times. The Qataris are also lending $600 million over seven years at a rate of Libor plus 7 per cent, which is a rather better deal than is on offer to most Greek corporates. The company is raising another $150 million from the issue of unsecured loan notes with warrants, so there is now enough funding in place for the existing prospects to be developed. The 19 per cent jump in the shares yesterday to 622½p says it all; better some sort of funding and a new supportive investor than no funding at all. The Qataris, who a couple of months ago agreed the funding for the merger of a couple of Greek banks, could take their holding to almost 30 per cent. It is just feasible that the deal could tempt out another bidder with a more attractive price, so those with an appetite for risk, or who want to continue to participate in what will be Europe’s biggest gold producer, should hang on. Others might consider taking some profits, suggests the Times.

It's nearly two years since the Electrocomponents share price has been this low, says the Investment Column in the Independent. The aptly named distributor of electrical components has been under the cosh because of worries about the world economy. Taken as a whole, the first half numbers look fine and dandy: group revenue grew by 11 per cent year on year, with the international business up 14 per cent while the UK (surprise surprise) managed 5 per cent. However, that growth is slowing: in the second quarter group revenue grew by only 8 per cent year on year, the international business by 11 per cent and the UK by only 2 per cent. If you want yield there are better, more defensive places to get it. And we don't see sentiment towards the company improving any time soon, as the market focuses on the economic outlook. Sell, the Independent recommends.

grrrrrr - apologies for last post

The new guy will want to hit the road running - my guess ( and purely that ) is that he will announce some good news very shortly - however as to how the Market will re-act today is anyones guess - it depends how much of the recent drop was due to the overall market sentiment and how much , if any, was due to this news being leaked.

Preston - they must have read your post !

Godfrey Davis, Chairman and Chief Executive, Mulberry Group plc commented: "The Asia Pacific region represents a significant growth opportunity for the Mulberry brand and these two agreements lay the foundations for an accelerated penetration of the region, especially China and Japan."

Mulberry Group plc Distribution agreements for the Asian Pacific region Mulberry Group plc ("Mulberry" or the "Group"), the luxury British fashion brand, is pleased to announce the signature of a distribution agreement for the important South East Asia (including China and Australia) region and being in advanced negotiations for a similar distribution agreement for the Japanese market.

http://www.investegate.co.uk/Article.aspx?id=201110040700164729P

Phil Cartmell, Executive Chairman commented, "I am very encouraged by the change in approach at Corac and the resulting developments in our technology. Combined with our move to the new Technology Centre and the growing interest from energy markets in Corac's technology, this will enable us to deliver long term value for our stakeholders."

Business Update Corac Group plc is pleased to provide the following business update: · Good progress being made to develop and broaden the technology platform · Second generation DGC technology being implemented for North America partner project · Progressing with ENI to incorporate second generation technology · Development of modular in-pipe gas compressor technology with Aramco with broad commercial applications · New Technology Centre lease signed, expected to be operational by December 2011 · Continued progress to strengthen IP portfolio

http://www.investegate.co.uk/Article.aspx?id=201110040700224750P

Randy Bartley, President & Chief Executive Officer, commented: "The A-07 well confirms that the eastern fault block of the Bua Ban North A field extends to the south and that the structural closure of this fault block is approximately 600 acres, which is in line with expectations. The well encountered approximately 14 feet more net pay than was seen in the upper section of the Miocene in the A-05 well, with an additional 15 - 20 feet of pay sand which may be present below logged TVD. "We plan to drill two to three more wells at Bua Ban North A before production facilities arrive on location in late October. Our current offshore production has improved to 15,500 bopd with total company production at 17,500 boepd."

Coastal Energy Announces Successful Appraisal Well at Bua Ban North A Coastal Energy Company (the "Company" or "Coastal") (TSX: CEN) (AIM: CEO) announces the successful results of the Bua Ban North A-07 appraisal well. The Bua Ban North A-07 well was drilled to a depth of 3,750 feet TVD on the eastern flank of the Bua Ban North A field 1.3 miles south of the A-05 discovery well. The A-07 encountered 48 feet of net pay sands in the primary Upper Miocene objective with 26% average porosity. Pressure data indicate that the A-07 well is in communication with the A-05 well. The A-07 well intentionally did not penetrate the lower section of the reservoir, in order to stay away from the oil water contact. Based on correlations from other wells in the field it is estimated that an additional 15 - 20 feet of sand exists below the bottom of the logged interval and should be above the known water contact at 3,790 feet TVD.

http://www.investegate.co.uk/Article.aspx?id=201110040700234754P

IAG to create a new ‘low cost’ carrier Date: Monday 03 Oct 2011 LONDON (ShareCast) - The board of International Airlines Group´s Iberia unit will meet this week to consider establishing a new ‘low-cost’ carrier that should improve the unit´s profitability, according to the Financial Times, but there is a risk of provoking industrial action.

Patsystems (PTS) shares crashed 7.5p to 12.25p on news that certain market factors had materially impacted expectations for the year ended 31st December. The trading systems group no-longer expects to sign two-exchange license deals before the end of the financial year, which will have a considerable impact on sales and profits. Furthermore, while sales in Asia are expected to grow by more than 10% over the previous year, this increase is not sufficient to compensate for the decline in revenues in North America and Europe.

http://www.investegate.co.uk/Article.aspx?id=201110030700323740P

Singer Capital maintained its "buy" recommendation for Northbridge Industrial Services (NBI), but with a reduced target price of 393p, from 423p. The broker changed its forecasts to reflect the industrial equipment rental company obtaining a greater portion of revenues from lower margin products and a planned investment of 0.5 million pounds over the year. Singer notes that the investment will be used to open new depots in Singapore and France, as well as increasing its fleets in Brazil and US. The shares declined 2p to 231.5p.

European Goldfields (EGU) retained its "buy" rating from Evolution Securities, with a 1,000p target price. The securing of a 600 million dollar (386.9 million pound) seven year loan facility from Qatar Holding has removed the broker's financing concerns for future development projects. Evolution notes that Qatar Holding has also take an 9.9% stake in the mining company's equity and has entered into a call option agreement to by a further 9.4 million shares at 13 Canadian dollars (7.99 pounds) each. Shares in European Goldfields flew 97.5p to 622.5p.