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Hyder Consulting (HYC) kept its "buy" rating from Northland Capital, with a target price of 500p. The engineering advisory firm has achieve full year forecasts says the broker, despite difficult trading conditions. Northland notes particularly good progress in Australia, despite the severe flooding in Queensland, and steady development in the Middle East. Additionally, the company has performed ahead of expectations in the UK with a number of new contract wins.

Singer Capital reiterated is "buy" recommendation for ITE Group (ITE), with a 260p target price. The broker expects the trade exhibition organiser to report pre-tax profits of 48.5 million pounds for the year ending September 2011. Singer notes that trading conditions are healthy and there is strong visibility for 2012. Additionally, the broker dismisses concerns over the economy in Russia, which is one of ITE's largest markets, noting robust oil prices and public sector budget.

Eros International (EROS) retained its "buy" rating from Evolution Securities, with a target price of 320p. The Bollywood film distributor is trading ahead of the broker's expectations, which has now raised full year revenues forecasts to 227 million dollars (145.5 million pounds), from 217 million dollars (139.1 million pounds). These sales are expected to be driven by theatrical sales, but can be boosted by TV revenues as rights are sold to networks. Evolution also feels that investors have not accounted for the group's international business

Rentokil Initial Buy 29-Sep-11 £83,312.29 Jeremy Townsend 113,273 @ 73.55p

Christie chief exec tops up The chief executive of surveying, valuation and rent review group Christie, David Rugg, has upped his stake in the company, spending £60,000 on shares. He took 100,000 at 60p a time and now has about 2.6m or 10.3% of the company. Christie works with the retail, leisure and care sectors and has offices across Britain, mainland Europe as well as one in Toronto and one in Dubai.

Peel Hunt has lowered its target price on Laird, the manufacturer of antennas and other devices, to 160p from 185p, while keeping its “hold” recommendation on the stock. The broker is cautious ahead of Laird’s next trading statement and wonders whether the company shouldn’t have accepted a recent 200p-a-share offer from US rival Cooper. “Whilst the structural growth drivers are obvious, the ability for Laird to protect its position/margins is less so,” Peel Hunt notes. It notes that Laird trades at around 8.7 times estimated earnings for the current year, falling to 7.5 the following year.

Panmure Gordon downgrades Colliers CRE from buy to hold, target price cut from 15p to 6.87p

QinetiQ says trading beats expectations Date: Friday 30 Sep 2011 LONDON (ShareCast) - QinetiQ, the maker of defence gadgets, said its performance in the first six months has been better than expected. “Whilst conditions in its principal markets remain challenging, the group's performance for the first six months of the year has been good and better than originally expected,” the firm said. “However, this improvement has been driven by US military product sales in the global products business, where orders have been weighted to the first half and in particular the second quarter, and by the group-wide self-help programme.” In a trading update last month, QinetiQ reiterated its outlook for the current financial year, saying that the ongoing budget pressures in UK and US were offset by its cost reduction plan, sending its shares higher.

http://www.investegate.co.uk/Article.aspx?id=201109300700242423P

Commenting David Sleath, SEGRO's Chief Executive, said: "We are delighted to have secured these deals which are part of our continuing focus on expanding our development pipeline and growing our income stream. They show there is still good demand for build-to-suit projects on well located development sites in our core markets."

SEGRO signs two further pre-let developments in Poland SEGRO, Europe's leading industrial REIT, is pleased to announce that it has signed two further pre-let developments in Poland which in aggregate total 39,300 sq m (423,000 sq ft) of logistics warehousing space. In Gliwice, in the south of Poland, SEGRO has agreed to develop a new 31,700 sq m (341,200 sq ft) distribution facility for a major retailer who will occupy the new facility under a 28 year lease. SEGRO will begin construction of the project in October, subject to planning, and expects to complete the development in Q3 2012. In addition, in an extension to SEGRO's successful Tulipan Park development in Lodz, it is constructing a 7,600 sq m (81,800 sq ft) centralised country-wide sorting hub for the Polish courier company, Opek. Opek has signed a 15 year lease and construction on this development, subject to planning, will begin in Q4. The project is currently scheduled for completion in Q3 2012. Following these transactions, SEGRO's group-wide current pipeline of contracted and under construction developments now totals 25 projects comprising an aggregate of 256,000 sq m (2,755,600 sq ft) and representing circa £200 million of capital expenditure and £23 million of annualised rental income, of which 75 per cent is pre-let.

http://www.investegate.co.uk/Article.aspx?id=20110930070000PE8AE

In a note to investors, broker Evolution Securities described the performance as “very strong”. It said the hosting market was seeing an extended period of structural growth and Iomart was an excellent investment play on the associated rising volume of data traffic.

http://www.stockopedia.co.uk/content/iomart-set-to-beat-expectations-as-hosting-market-booms-60521/

Commenting on the first half year's performance, Ron Marsh, RPC's Chief Executive Officer said: "The improvement in the first half year performance is encouraging and ahead of our expectations, despite the uncertainties surrounding the general economic environment. Based on our innovation capabilities, strong market positions and lean cost and capital base, I believe the Group is well positioned to continue to deliver the performance necessary to achieve its stated aim of 20% ROCE by March 2014."

Pre-close Trading Statement RPC Group Plc, Europe's leading rigid plastic packaging supplier, today issues a pre-close trading statement ahead of its first half year results due to be published on 30 November. Performance first half year 2011/12 Revenue in the first half of the financial year is projected to be significantly higher compared with the corresponding period last year due to the inclusion of the Superfos business as well as higher like-for-like turnover. The sales mix has substantially improved as a result of continuing growth in higher added value products such as pharmaceutical, long shelf life, personal care and coffee capsules. Investments to facilitate further growth in these areas are progressing well. Operating profit (before exceptional items) in the first half year will be ahead of the corresponding period last year due to the inclusion of the Superfos results and the associated synergies as well as an improving like-for-like profitability. This is driven by the better sales mix, efficient cost base and a less adverse impact from the time lag in passing through polymer prices to customers as polymer prices show a declining trend since the end of May. The adjusted profit after tax* is expected to be ahead of management expectations. The Group continues to have a robust financial position with cash flow performance in the first half year anticipated to be again satisfactory. Superfos integration The integration of Superfos continues to progress very well with the business operating as a separate cluster within the overall Group structure whilst the purchasing function has been centralised. Changes in the head office cost structure have been implemented and key management retained. The realisation of cost and revenue synergies is running ahead of plan with the full year synergies for 2011/12 now estimated to be at least £7m compared with the previous estimate of £5m. As outlined previously, steady state synergies of between £15m and £25m are expected to be realised in financial year 2013/14.

http://www.investegate.co.uk/Article.aspx?id=201109300700162203P

Encouraging figures

Executive chairman, Finian O'Sullivan, commented: 'The successful completion of the Initial Public Offering in July 2011 was an important step for Bayfield. Raising gross proceeds of £54.4 million (£50.4 million net) against a backdrop of challenging market conditions represented a significant achievement which reflects the quality of the Group's oil and gas interests, its robust business model and investor confidence in the management team. The proceeds will be directed primarily towards the seven-well exploration and appraisal drilling programme to which Bayfield is committed in Trinidad.'

Summary IPO · Shares admitted to trading on AIM in July 2011 raising gross IPO proceeds of £54.4 million (£50.4 million net of expenses) · Competent Persons Report issued by Gaffney, Cline & Associates in connection with IPO credited Bayfield with net 2P oil reserves of 19.32 million barrels of oil ("mmbo") and net 2C contingent oil resources of 24.67 mmbo as of 31 December 2010 Financial highlights · Revenue US$ 11.2 million (30 June 2010 - US$6.5 million) · Gross profit US$1.0 million (30 June 2010 - US$1.0 million gross loss) · Capital expenditure US$12.7 million · Loss after tax US$1.6 million (30 June 2010 - US$2.3 million) Operational highlights · Average net production 768 barrels of oil per day ("bopd") (30 June 2010 - 566 bopd) · Current net production 850 bopd · Contract signed with Rowan Offshore for jack-up drilling rig, Gorilla III, for seven-well exploration programme in Trinidad Prospects and outlook · New purpose-built slant rig deployed to Trintes field in Trinidad to execute field redevelopment programme and commenced operations in September 2011 · The Gorilla III arrived in Trinidad in September 2011 and is expected to be available to spud the first of Bayfield's exploration wells no later than January 2012