Member Info for mulledwine

Posting of Offer Document Further to the announcement made on 12 July 2011 in relation to the proposed acquisition of Uniq Plc, Greencore hereby announces that the offer document (the "Offer Document") containing the full terms and conditions of the Offer, is being posted today to Uniq Shareholders (and, for information only, to persons with information rights), together with the related Form of Acceptance. The Board of Uniq has unanimously recommended that Uniq Shareholders accept the Offer. In addition, Greencore has received irrevocable undertakings from Angel Street and the directors of Uniq (the "Irrevocable Undertakings") representing, in aggregate, approximately 90.2 per cent. of the issued share capital of Uniq, to accept the Offer. The Offer will initially remain open for acceptance until 1.00 p.m. (London time) on 16 August 2011. Assuming all other conditions of the Offer have been satisfied or waived (if they are capable of being waived), if Greencore receives acceptances of the Offer in respect of, or otherwise acquires, 90 per cent. or more of the Uniq Shares to which the Offer relates and 90 per cent. or more of the voting rights carried by the Uniq Shares to which the Offer relates, as it expects to do pursuant to the terms of the Irrevocable Undertakings, Greencore intends to exercise its rights pursuant to the provisions of sections 979 to 991 (inclusive) of the Companies Act to acquire compulsorily the remaining Uniq Shares to which the Offer relates in respect of which the Offer has not been accepted on the same terms as the Offer......................................

http://www.investegate.co.uk/Article.aspx?id=201107260700220296L

Toledo Mining Corporation plc ("Toledo" or the "Company") (AIM:TMC) Berong Nickel Corporation: Shipment Update Toledo is pleased to announce that on 25th July, the MV Jin Li sailed for China with 49,300 wet metric tonnes ("wmt") of nickel laterite ore, thereby completing the second shipment from the existing stockpile at the Berong mine. Shipments to date now total 103,530wmt. A third shipment will follow.

http://www.investegate.co.uk/Article.aspx?id=20110726070000H3308

Ken Scott, Chief Executive, ILX Group commented: "Despite the tough conditions being experienced in the UK market, the Company is continuing to grow and to drive margin improvement. "In the UK revenues are down on the comparable period last year but we continue to win business, and to have a strong pipeline. Overseas we continue to see sharp growth in both revenues and profitability. "During the quarter, the UK division has won the largest contract in its history and International has won a major contract with the New Zealand Defence Force, both of which auger well for the future. We also believe that the change in sector classification to Software, reflecting our scalable business model based on our intellectual property, will in time lead to a re-rating that will benefit shareholders."

Trading Update ILX Group plc (AIM: ILX), the AIM quoted provider of e-learning software and consulting services, is pleased to announcethat the pattern of growth set towards the end of the last financial year has continued. Overall revenues and profitability in the first quarter of the current financial year are ahead of the same period last year. Although UK revenues are down compared to last year, this has been more than off-set by the continued growth in the International Division which has seen sales growth of 90% year on year, driven by the Australian office in particular. The UK has been affected by the prevailing economic climate but the Board is confident that the division will meet its revenue targets for the full year following recent contract wins that are expected to bear fruits in the second half of the current financial year.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4386869

Rotork (ROR) has bought, in cash, US based K-Tork for 10.6 million dollars (6.5 million pounds) and Centork Vale Control, in Spain, for 3.6 million euros (3.2 million pounds). The specialist engineering company will incorporate K-Tork into its Fluid Systems division to strengthen its market share in the water, industrial and power sectors. Centork will complement Rotork's Controls division, providing new products for use in oil and gas markets

http://www.investegate.co.uk/Article.aspx?id=20110726061600H3343

In order to focus on its core markets, builders' merchant Wolseley (WOS) has agreed to the disposal of its subsidiary Build Center for 145 million pounds. It has also entered into talks for the sale of Brossette for 165 million pounds. The transactions "are the last significant disposals planned following last year's strategic review", said Chief executive Ian Meakins, and follow the sale of another subsidiary, Electric Center, earlier in the month. The funds generated from these operations will be used to reduce the company's debt. Shares in Wolseley gained 9p to 1,915p.

Singer Capital has downgraded Hogg Robinson (HRG) from "buy" to "fair value". As the company's shares approach the target price of 65p the broker sees little scope for the corporate travel services provider to develop further. Singer states that premium travel grew only 2.9% year-on-year in March and added that the The Air Transport Association does not expect growth to recover without a rebound in economic activity. The broker also notes that the shares are trading at a forward price to earnings ratio of 8.3x which is near the average for the company. The shares lost 0.5p to 65p.

Toka Tindung Progress Report Archipelago is pleased to announced that its 95% owned Toka Tindung Gold Project ("the Project") in North Sulawesi Indonesia is now operating at 65% of design throughput and gold production following successful commissioning of the processing plant and completion of the initial stage of production ramp-up. Mining has now commenced as planned at Pajajaran, the second open pit to be developed at Toka Tindung, to the south of the main Toka Tindung pit. As announced in the Annual Report, production for calendar year 2011 is on track for approximately 80,000 ounces of gold equivalent. Initial materials handling issues with near surface clay rich ore have now been largely overcome and larger width and higher grade blocks of harder ore are now being encountered in the pit and full production remains on schedule for the fourth quarter of 2011. As also previously announced, the Company's cash production cost is estimated to average US$487/oz over the first 6 years of the Project's life. The majority of the US$15m Working Capital Facility drawn down in March 2011 remains unused, with US$13m of cash currently in the bank. The Company has no committed hedging, but as a condition of its project finance facility it is obliged to hedge circa 100,000 ounces by means of put options at a floor price of circa US$900/oz. These will provide some downside protection but without capping the upside. Exploration drilling remains focused on extensions to mineralisation around the planned open pits and a further drilling results progress announcement is anticipated soon.

http://www.investegate.co.uk/Article.aspx?id=201107250700079105K

Ambrian maintained its "buy" recommendation for Archipelago Resources* (AR.), with a 72p target price. The broker reports that the mining company is operating at 65% of capacity at its Toka Tindung gold mine in Indonesia and that production has begun at a second mine on the site. Ambrian also notes that the group is on target to produce 80 thousand ounces of gold equivalent for the 2011 calendar year. The broker believes that the aggressive expansion plans of the company, which aims to increase the number of rigs on site from two to seven by the end of the year, will greatly increase production and help push up the share price. Archipelago shares jumped 4.75p to 67p.

CLS Holdings (CLI) retained its "buy" rating from Brewin Dolphin, with a target price of 800p. The broker says that the property investment company will apply for planning permission for an 18,100 square metre mixed use development in Vauxhall, 0.5 miles from the groups existing Vauxhall Square project. The development would include a student dormitory and a budget hotel, and Brewin notes that the firm is already in talks with potential tenants for pre-let agreements. The shares inched down 0.5p to 642.5p.

Whitbread director doubles stake Stephen Williams, a director at the Costa Coffee and Premier Inns owner Whitbread, has more than doubled his stake in the company with a £79,000 purchase. He took 5,000 shares at 1,580p a pop and now has 9,344. Williams was chief legal officer at the household goods giant Unilever from 1993 to 2010.

Altium Securities initiates buy on Torotrak, target price 65p.

Espirito Santo initiates accumulate on Wolfson Microelectronics.

Peel Hunt downgrades Wolfson Microelectronics from hold to sell, target price cut from 174p to 155p.

Peel Hunt downgrades WSP Group from buy to hold, target price cut from 415p to 275p.