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Singer Capital Markets initiates buy on John Menzies, target price 629p

Seymour Pierce upgrades Axis-Shield from add to buy, target price raised from 330p to 460p ( so the SP rises and they raise target - wow they are sooooooo good!)

Miles Roberts, Group Chief Executive, DS Smith commented: "The proposed sale of Spicers, our European office products wholesaling business, represents a key strategic step in the streamlining of the DS Smith group to become focused on recycled packaging for consumer goods. We will work closely with Unipapel to ensure that Spicers' customers continue to receive a high quality of service and to ensure a smooth transition period for customers and employees. Following the proposed transaction, our aim is to continue to focus on and build our European packaging business."

Summary points Assuming the proposed disposal completes: · would be a significant step forward in implementing strategy to become the leading supplier of recycled packaging for consumer goods · proceeds from disposal would be used in short term to reduce net debt; and, in due course, to reinvest and expand geographic coverage in recycled packaging · there would be an upward revision of DS Smith's medium-term operating margin financial target DS Smith Plc ("DS Smith" or the "Group"), the international supplier of recycled packaging for consumer goods, has received a binding offer for its European office products wholesaling business ("Spicers") from Unipapel S.A. ("Unipapel") for an enterprise value of £200 million. On completion of any sale, Unipapel will satisfy its offer in cash and by the assumption of existing debt. The net cash proceeds would, in the short term, be used to reduce the Group's net indebtedness. Looking further ahead, the proceeds would be available to reinvest in the Group's recycled packaging business with the aim of expanding its geographic coverage.

http://www.investegate.co.uk/Article.aspx?id=201107060700078516J

Geoff Davis, Non-executive Chairman of Medusa, commented: "This is a bumper crop of new results from the Co-O Mine totalling over 200 individual vein intersections, and the most ever reported for a quarter's drilling to date. There appears little doubt from the deep intersections reported that this vein system is still open at depth with high grade results being returned from over 800 metres down hole such as the EXP073 intersection above. The new results show that the East Agsao Vein set, which was partly included in the resource model in July last year, as well as a number of new veins, is developing as a robust multiple vein set with the tops of the veins starting below Level 4. This vein set is strongly open to the east and is expected to significantly extend the strike length of the overall Co-O vein system. Drilling will continue to the east of the Oriental Fault for some time, before refocusing to the western side of the Oriental Fault."

http://www.investegate.co.uk/Article.aspx?id=201107060935008649J

The insurance takeover specialist Resolution is to close its offices in Manchester and Basingstoke, affecting 295 jobs, as it integrates the three acquisitions it has made since it launched in 2008. The offices will shut by the end of 2012 as part of Resolution’s efforts to consolidate Friends Provident, Axa’s UK life business, and niche life assurer BHA, says the Independent.

First Day of Dealings on AIM The Directors of Bluebird Energy plc ("Bluebird Energy" or "the Company"), a hydrocarbon development and exploration company with established projects onshore United States of America, are pleased to announce the admission of Bluebird Energy's Ordinary Shares to trading on AIM. Bluebird Energy has placed 200,000,000 new Ordinary Shares at 1 pence per share ("the Placing Shares"), raising £2m (before expenses). It is intended that the proceeds will be used to fund the production, development and exploration necessary to support the Company's strategy. In addition, the Company expects to raise up to £558,168 (before expenses) by way of an open offer at 1 pence per new Ordinary Share, details of which will be announced as soon as practicable following Admission. Bluebird Energy is a hydrocarbon production, development and exploration company with: · interests in conventional oil and gas projects in the United States; · interests in unconventional gas projects in the United States; and · certain other energy related investments.

http://www.investegate.co.uk/Article.aspx?id=201107060700068365J

WPP buys Indian advertising agency Date: Wednesday 06 Jul 2011 LONDON (ShareCast) - Acquisitive advertising conglomerate WPP has been waving its debit card about again, this time acquiring a majority stake in Indian advertising agency, Mindset Advertising. Mindset is a full service advertising agency that offers creative services, strategic planning and campaign execution in digital, print and television. The agency employs 44 people and major clients include ADP, Airtel and Pepsi. Mindset's unaudited revenues for the year ended 31 March 2011 were Rs 51 million, with gross assets of Rs 43 million at the same date. The cost of WPP'ss investment in Mindset was not disclosed. "This investment continues WPP's strategy of developing its networks in fast-growing and important markets and sectors," the company statement said. India remains one of the fastest growth markets for WPP, with revenues of around $450m, including associates. The group has five of India's top 10 agencies and collectively employs around 9,000 people. -- jh

Cambridge, UK - 6 July 2011- Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced that it has entered into a seven-figure agreement with a global media organization to license Autonomy's Intelligent Data Operating Layer software.

Rev - appears you were correct re initial market reaction - cant believe though NGP will remain here for long but who the hell knows just now!

BarCap reiterated equal weight on London Stock Exchange, target price 1055p.

Charles Wilson, Chief Executive said: "Booker continues to make good progress with like-for-like non-tobacco sales up 5.7% in quarter one. We are helping 459,000 independent businesses compete by improving choice, having competitive prices and enhancing service in this challenging economic environment."

Annual General Meeting and Quarter One Interim Management Statement For the 12 weeks to 17 June 2011 Booker is holding its Annual General Meeting at 11am today. At the meeting, Chief Executive, Charles Wilson will read out the following Interim Management Statement: "Total sales in the 12 weeks to 17 June 2011 rose by 9.5% on the same period last year (7.4% on a like-for-like basis). Non-tobacco sales rose by 9.1% (5.7% on a like-for-like basis) while tobacco sales grew by 10.1% (10.1% on a like-for-like basis). The first 12 weeks included the impact of Easter phasing, an extra bank holiday, favourable weather and a large increase in tobacco duty. After a good start we anticipate that Booker is on course to meet expectations for the year ending 30 March 2012."

http://www.investegate.co.uk/Article.aspx?id=201107060700058175J

Daniel Stewart recommends buy Playtech, target price reduced from 360p to 341p.

Excellent upgrades - well held folks

Nigel Little, Chairman of Niche, commented, "This first independent assessment of the four blocks underpins Oman's expectations of gas volumes across the acreage. The operator is engaged in a work programme which should allow significant upgrading of resources. Niche has long been of the opinion that Oman's blocks, held in partnership with one of Turkey's most established licence holders, offer great potential for near-term gas production with significant upside from further exploration."