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In late July 2010, ABG commenced an intensive programme of reverse circulation and diamond core drilling at the Nyanzaga Project focusing on step-out and infill drilling on the Tusker and Kilimani prospect areas. Drilling for the six months from July to December 2010 on these prospects totaled 143 reverse circulation ("RC") holes and RC holes with diamond core tails ("RCDD") for a total of 24,644 metres. The drill programme was expanded in 2011, based on the positive 2010 results, with a planned programme of more than 50,000 metres of step-out and resource infill drilling, as well as reconnaissance drilling, planned across the Nyanzaga project area. By the end of May 2011, a further 198 RC and RCDD holes had been drilled across the project for 45,647 metres year to date bringing the project total to nearly 70,000 metres. Initially, these drill holes tested mineralization at depth and along strike of the Tusker and Kilimani mineralised zones, while in recent months the focus has switched to predominantly resource infill drilling in order to determine a revised mineral resource for the project. The results reported for the 2010 and 2011 programmes to date represent approximately 75% of the holes drilled, with results for a further 79 holes still pending at the end of May. The principal objectives of the ongoing drill programmes are to confirm the economically mineable resource and to expand the global resource through delineating strike and down-dip extensions to the Tusker and Kilimani mineralized systems, as well as investigating the potential to increase the overall grade of the resource. Drilling to date has identified strike and down-dip extensions to the known mineralised system and continues to identify higher grade zones that may be amenable to underground mining scenarios.

Infill Drilling Continues to Improve Grade Profile at the Nyanzaga Project Following earlier positive results at the Nyanzaga Project, ABG is pleased to announce further successful intersections on the Tusker resource area as infill drilling continues to show good continuity of gold mineralization throughout the Tusker deposit with further wide zones encountered on several sections, as well as the intersection of several high-grade zones. Additionally, infill reverse circulation drilling at the Kilimani prospect, some 200-300m northeast of the Tusker resource area, continues to show good continuity of the near surface oxide zones, and recent drilling has also intersected the first significant primary gold mineralization. Further shallow drilling is required to investigate the potential to link up the oxide mineralisation between the Tusker and Kilimani deposits. Diamond core and reverse circulation drilling at the Nyanzaga project over the last several months has focused on infill drill testing at both the Tusker and Kilimani project areas in order to increase the confidence levels of previous resource calculations as well as to improve the overall grade profile and potential project economics. The infill drilling programme continues to confirm the continuity of gold mineralization identified by the earlier broader spaced drilling whilst identifying several zones with a higher grade profile than previously seen (see Tables 1 and 2). Notable recent intersections include:

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Corporate / Financial Ø Trading in Madagascar Oil's shares to resume 27 June 2011 Ø MOIL has $59 million cash on hand to deliver the approved work plan designed to increase resources and prove commerciality of the Tsimiroro asset through a steam flood pilot, and for the additional work required to develop drillable prospects on the three Exploration Blocks Commenting on today's announcement, Laurie Hunter, Chief Executive Officer, said: "We are pleased to have resolved the issues that have led to the suspension in trading of our shares. The last six months have highlighted risks associated with operating in frontier petroleum provinces, but we believe that our recent constructive dialogue with the Government of Madagascar has served to reaffirm our historical compliance under our contracts, the amount of work that we have already completed to date, and our clear and well funded plans for future development to bring online the country's first commercial oil production."

Madagascar Oil is pleased to announce that the dispute with the Government of Madagascar in connection with the Tsimiroro Block has now been resolved. The Company is also today highlighting certain key operational highlights prior to its Full Year Results due to be announced on 30 June 2011.

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Discovery Metals' Managing Director, Brad Sampson, commented; "the progress on the construction at Boseto is pleasing and the availability of the debt finance will allow the construction works to continue in line with our published timetable. Shareholders should gain further confidence that the Boseto project complies with the due diligence requirements of such a well-credentialed debt syndicate."

Boseto Debt Finance Discovery Metals Limited ('Discovery Metals' or 'Company') announces that it has received confirmation that the banking syndicate credit committees have approved the Boseto debt facility. This follows an extensive due diligence process by the banks. The debt facility will fund the completion of the Boseto Copper Project and is subject to normal conditions precedent for financing arrangements of this nature. The remaining conditions precedent are expected to be completed within one month. Funding will be applied to the Boseto processing plant for US$105 million and the Boseto mine mobile fleet for US$75 million. In addition to the US$180 million project and equipment finance, the banking syndicate will provide a US$25 million overrun and working capital facility plus hedging lines for both copper and silver production. The facility will be secured over the Boseto Copper Project assets and 100% of the shares the Company owns in the project subsidiary entity (Discovery Copper Botswana Proprietary Limited). The Boseto Copper Project is currently under construction and is expected to be commissioned in the first half of 2012. The Company will complete its required equity contribution to the Boseto project by the end of June 2011 and will have in excess of US$70 million in cash reserves at that time.

Highlights: * The US$180m Boseto debt project finance has received credit approval from the banking syndicate. * The debt syndicate comprises Standard Chartered Bank, Standard Bank, Credit Suisse and Caterpillar Finance as Joint Lead Arrangers. * The Board of Discovery Metals has approved the debt package. * First draw down of debt funding is anticipated in July 2011. * The Boseto Copper Project remains on track for commissioning and first production in the first half of 2012.

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Friday preview: Brokers divided on dividends for Berkeley Date: Thursday 23 Jun 2011 LONDON (ShareCast) - London and south-east house builder Berkeley raised the bar for full-year results back in March when it said earnings would be at the high end of its expectations. Brokers responded by revising their forecasts, and expectations now are for pre-tax profit of £129.8m on sales of £694.5m. Panmure Gordon is above the median forecast with its prediction of profits of £131.2m. The broker goes for earnings per share of 70.5p (consensus: 70.71p), and thinks shareholders will have to wait a while longer for a resumption of dividend payments, as it anticipates the group will continue to focus on land investment. Not all brokers agree; consensus is for Berkeley to pay a dividend of 2.72p, its first pay-out since 2004. “In terms of sector commentary, we expect the group to comment that conditions have remained pretty robust. We know that London has continued to outperform the rest of the UK and this is borne out in Berkeley Group’s performance over the past couple of years, with the group maintaining a net margin in the high teens,” Panmure Gordon said. “When we last heard from the group it reported a 25% increase in reservations, primarily driven by more sites coming on stream, and we would have expected this momentum to have continued in the weeks since," the broker added.

Confident DS Smith hikes divi by 41.3% Date: Thursday 23 Jun 2011 LONDON (ShareCast) - Recycled packaging firm DS Smith overcame a sharp rise in input costs to grow pre-tax profits by 86% last year. Profit before tax in the year to 30 April rose to £102.2m from £55.0m the year before, on sales that rose 19.5% t £2,474.5m from £2,070.6m. With the effects of the recent acquisition of Otor stripped out, sales rose 10.0% year-on-year. The company said cost synergies from the September acquisition of Otor are expected to be €13.0m, up from previous guidance of €10.3m, with the cost savings expected to be delivered by April 2013, one year earlier than originally anticipated. Net debt increased by £111.5m to £351.0m due to expenditure of £203.2m to purchase Otor (including acquired net debt), partly offset by strong operating cash flow and funds raised through the issue of equity in July 2010. Adjusted earnings per share climbed 36.0% to 18.9p from 13.9p the year before, while the full year dividend has been hiked to 6.5p from 4.6p. "The strong performance was achieved in the context of significant increases in input costs, which we have been dedicated to recovering. The result is a business now delivering a return on capital above its cost of capital, which is a critical milestone," claimed group chief executive, Miles Roberts. Trading in the current financial year has started "very well", Roberts added.

NewsCorp's BSkyB takeover given the nod Date: Thursday 23 Jun 2011 LONDON (ShareCast) - Rupert Murdoch’s Newspaper group News Corp’s takeover of satellite broadcaster BSkyB has moved closer after the regulator Ofcom rubber-stamped the deal. It is now up to culture secretary Jeremy Hunt to review the proposal. He is expected to give it the green light next week. As part of its takeover of BSkyB, NewsCorp, which owns the Times and Sun newspapers, has agreed to hive off Sky News into an independent trust. Newspapers such as the Guardian and the Daily Mail had claimed that the tie-up would damage media plurality in Britain. BSkyB was the best performer in a downbeat FTSE 100 at 2.05pm , up 1% at 838.5p, while ITV also bucked the trend, climbing 0.3% to 66.8p.

Altitude Group (ALT), the promotional merchandise and marketing solutions group, is to dispose of its Promotional Products Division (PPD) for 6.27 million. The buyer to Stridage Holdings Limited, a newly established business which is partly owned by certain members of the management teams of PPD. This is a significant transaction for the group, with PPD making up 84% of group revenues in the last financial year. The disposal is being made so the company can focus on its Information and Technology Division. The shares sank by 2p to 29.5p.

Group NBT (NBT) said that is well placed to benefit from the expected increase in domain name suffixes, as recently approved by internet regulator ICANN. The supplier of domain name management and associated services added that it is working with a number of large companies throughout Europe which are preparing to make applications to use their brands and names as domain name extensions. NBT shares edged down by 2.5p to 428.88p.

Also joining AIM and raising $54.97 million in the process was Zambeef Products (ZAM). The company is an Africa based agri-business, mainly involved in the production, processing, distribution and retailing of meat, dairy products, oils, stock feed, flour and bread. The shares were unmoved at 44.5p.

Francis Grogan, Chief Executive Officer of Zambeef, said: "We are delighted that the AIM flotation of the Company has been completed successfully and with such high investor demand for Zambeef shares. We now look forward to working with our new and existing shareholders whom we would like to thank for their ongoing support as we continue to grow and expand. The growing demand for agricultural products and consumer goods in Sub-Saharan Africa together with the increasingly stable political climate in the countries in which we operate creates an exciting platform on which Zambeef can thrive."

Overview Zambeef is one of the largest agri-businesses in Zambia. The Group is principally involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, flour and bread. The Group also has large row cropping operations (principally maize, soya beans and wheat), with approximately 5,000 Hectares ("Ha") of row crops under irrigation and 1,500 Ha of rain-fed/dry-land crops available for planting each year. The Group is also in the process of rolling out its West Africa expansion in Nigeria and Ghana, in addition to a palm plantation project within Zambia. The Company was incorporated in June 1994, and listed on the LuSE in February 2003. Since its incorporation as a small scale start-up business, the Company has, through organic growth and acquisitions, become one of Zambia's largest agri-businesses with annual revenues of ZMK770.5 billion (approximately US$162 million) for the financial year ended 30 September 2010. Zambeef has one of the leading distribution and retail footprints in Zambia. The Group currently operates 87 stores under the "Zambeef" banner and 20 in-house butcheries in Shoprite outlets in Zambia, under a concessionary agreement. In addition, the Group has seven of its own fast food outlets under the brand "Zamchick Inn". The Group also operates two in-house butcheries in Shoprite outlets and three of its own stores in Nigeria and a further two in-house butcheries in Shoprite outlets in Ghana. On 8 February 2011, the Group announced that it had entered into an acquisition agreement to acquire the ETC assets (the "Acquisition"), subject to shareholder approval. Together, the ETC assets extend to approximately 46,876 Ha, of which 2,994 Ha is irrigated and 7,667 Ha is dry-land farming (excluding a 2,137 Ha jatropha plantation), and will significantly expand the Group's cropping operations in Zambia. These assets will provide the Group with the agricultural throughput for its processing operations which the Board believes should generate additional value and higher margins whilst reducing the impact of the volatility of commodity price fluctuations and an erratic supply chain on the Group. Shareholder approval for the Acquisition was obtained at an extraordinary general meeting of the Group on 19 May 2011. The Company intends to fund this acquisition using the funds raised through the Rights Issue and Placing in addition to various existing and newly agreed debt facilities.

The Group has raised US$54.97 million (approximately £33.95 million) in aggregate by way of both a rights issue of 35,558,580 new ordinary shares to existing investors via the Lusaka Stock Exchange ("LuSE") (the "Rights Issue"), and a placing of 53,713,570 new ordinary shares to institutional investors via AIM (the "Placing") at 38.06p, in aggregate representing 21.66 per cent. of the enlarged ordinary share capital of the Group. The approximate market capitalisation of the Group following Admission is £94.38 million. Strand Hanson Limited is acting as financial and nominated adviser in relation to the Admission, and Renaissance Capital Limited is acting as the bookrunner and sole broker.

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