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Brewin Dolphin retained its "buy" recommendation for Latchways (LTC), the fall protection systems group, while raising the target price from 1,300p to 1,380p. Commenting on full-year results, the broker said they confirm that the business does not need assistance from the UK construction sector in order to progress. That said, growth potential remains strong from vertical systems, aerospace and ongoing adoption of working at height regulations around the world, Brewin added. Latchways shares added 65p to 1,175p.

Outlook The economic environment remains challenging with economic growth in the UK subdued and the impact of the government's deficit reduction plan yet to take effect. With regards to the healthcare sector specifically, sentiment in the UK market remains uncertain, and investment activity muted, due to the extended consultation phase announced by the Coalition Government regarding the proposed NHS reforms. We continue, however, to be enthusiastic about the longer term opportunities afforded by the sector and the Company is well placed to capitalise on investment opportunities with almost 50% of its net assets in cash and liquidity funds.

http://www.investegate.co.uk/Article.aspx?id=20110613173700H3079

Camco* Highlights 2010 Profit in 2010 of €10.1m (2009: loss of €10.9m) Increased revenues to €30.0m in 2010 (2009: €27.8m) Net assets of €61.2m of which €31.7m is net accrued income from carbon projects, which are registered, operational and expected to deliver cash in the next 2.5 years More than doubled the amount of carbon credits, 8.1m tonnes issued in 2010 (2009: 3.3m tonnes) Expansion of the Carbon portfolio including 30m tonnes of carbon credits contracts signed, delivering into phase three of the EU-Emissions Trading Scheme (EU-ETS) Formed a financial and operational partnership with Khazanah Nasional Berhad (a Malaysian sovereign wealth fund) into Camco South East Asia Joint Venture, with USD 30m cash to expand business growth in one of the fastest growing regions in our sector Established joint ventures in North America creating an investable pipeline greater than USD 300m of clean energy projects in the agricultural methane and industrial energy efficiency sectors Turned around our Advisory business to deliver a strong profit of €0.8m

http://www.camcoglobal.com/media/images/CAM15028AR10Web_1129.pdf

http://www.investegate.co.uk/Article.aspx?id=201106131756163618I

Withdrawal of possible offer for MWB Business Exchange plc ("MBE") Despite Regus's all-cash possible offer of 92.36 pence per share for MBE (the "Indicative Offer" or "Regus's Indicative Offer") representing a 71.3 per cent. premium over the offer made by MWB Group Holdings plc ("MWB") for MBE on 28 April 2011 ("MWB's Offer") (as at close of business on 10 June 2011), and Regus announcing on 10 June 2011 that it had dropped all of the reservations to its Indicative Offer price, whilst the Indicative Offer remained subject to confirmatory due diligence and a recommendation from the independent committee of MBE (the "Independent Committee"), Regus confirms that neither MWB nor the Independent Committee have sought to engage in meaningful discussions with Regus in relation to Regus's superior Indicative Offer. Accordingly, Regus has no choice but to withdraw its Indicative Offer for MBE and therefore announces that it does not intend to make an offer for MBE. The refusal of MWB and the Independent Committee to engage has been despite the announcement today by Pyrrho Investment Limited ("Pyrrho"), the largest independent shareholder of MWB and MBE, that it will vote against the resolution to approve the scheme of arrangement to implement MWB's Offer (the "MWB Scheme"), which will effectively mean that the MWB Scheme cannot succeed.

http://www.investegate.co.uk/Article.aspx?id=201106131838493647I

Withdrawal of possible offer for MWB Business Exchange plc ("MBE") Despite Regus's all-cash possible offer of 92.36 pence per share for MBE (the "Indicative Offer" or "Regus's Indicative Offer") representing a 71.3 per cent. premium over the offer made by MWB Group Holdings plc ("MWB") for MBE on 28 April 2011 ("MWB's Offer") (as at close of business on 10 June 2011), and Regus announcing on 10 June 2011 that it had dropped all of the reservations to its Indicative Offer price, whilst the Indicative Offer remained subject to confirmatory due diligence and a recommendation from the independent committee of MBE (the "Independent Committee"), Regus confirms that neither MWB nor the Independent Committee have sought to engage in meaningful discussions with Regus in relation to Regus's superior Indicative Offer. Accordingly, Regus has no choice but to withdraw its Indicative Offer for MBE and therefore announces that it does not intend to make an offer for MBE. The refusal of MWB and the Independent Committee to engage has been despite the announcement today by Pyrrho Investment Limited ("Pyrrho"), the largest independent shareholder of MWB and MBE, that it will vote against the resolution to approve the scheme of arrangement to implement MWB's Offer (the "MWB Scheme"), which will effectively mean that the MWB Scheme cannot succeed.

http://www.investegate.co.uk/Article.aspx?id=201106131838493647I

RBC downgrades Bunzl to underperform from sector perform.

Arab conflicts to hit Carnival Date: Monday 13 Jun 2011 LONDON (ShareCast) - The impact of conflicts in the Arab World and the earthquake and nuclear disaster in Japan have prompted cruise operator Carnival to lower its profit guidance for the second half of 2011. It will cost the company an additional $0.15 in the second half, said Carnival, which added that fuel price increases will cost the company another $0.05. “In its March guidance, the company underestimated the full impact of these events on its second half earnings,” it said. “The March guidance occurred just one week after substantially all the itinerary changes resulting from these events were announced and only days after the Japanese earthquake.” The company added that softness in bookings in Southern Europe and Britain will hit revenues by another $0.05 a share. “However, the company expects to offset the effect of this $0.05 per share in other cost areas of the business,” said Carnival. “Revenue performance for the North American brands remains strong and the company continues to expect sequential improvement in the second half of the year.”

http://www.investegate.co.uk/Article.aspx?id=20110613141500P0F0A

Maple launches rival cash bid for TMX Date: Monday 13 Jun 2011 LONDON (ShareCast) - The bid battle between the London Stock Exchange (LSE) and Canadian consortium Maple Group for TMX Group is heating up, after Maple launched a C$3.7bn offer for the Canadian bourses operator. Maple is offering to pay C$48 cash per share to acquire up to 70% of the shares of the Toronto and Montreal stock exchanges owner. In US dollar terms, that values TMX at $3.8bn, Maple said, compared to the LSE's share offer, which is valued at $3.4bn. TMX's board agreed back in February to recommend acceptance of the LSE's offer of 2.9963 LSE shares for every TMX share, and has steadfastly refused to engage in bid discussions with the Maple consortium, which is comprised of 13 members, including the Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada and Toronto Dominion Bank, plus numerous Canadian pension funds. Shareholders in TMX and the LSE are set to vote on the agreed merger on 20 June. Both the LSE and the Maple bids would need to be approved by the Canadian regulatory authorities. Under the terms of the Investment Canada Act, takeovers of Canadian companies by foreign parties must have a demonstrable "net benefit" to Canada. That would seem to put the Canadian consortium in the box seat when it comes to determining who will win control of TMX, while Maple was also keen to stress the benefits of its cash offer over the LSE's all-share offer, though some commentators have expressed concerns that a successful bid for TMX by Maple would leave the group highly geared.

RBC reiterates underperform on Smiths Group, target price cut from 1200p to 1000p.

Specialist chemical company Yule Catto is being tipped as a Buy this Sunday by Questor. In favor of the company’s shares The Sunday Telegraph highlights the fact that a third of the company’s sales are in the fast-growing Asian market. More important in Questor’s opinion, however, is the company’s pricing power, which allows it to compensate for cost pressures, even if with a lag. Also with positive implications, the company has signalled that demand for its products is solid. In fact, good demand is apparently being seen for Latex in central Europe and volumes are growing in its Malaysian nitrile facility. Also worth noting, apparently, the company’s acquisition of PolymerLatex means that,” sales are expected to pass GBP1bn in the current year for the first time,” and substantial synergies are expected. Lastly, the shares do not appear to be trading on a stretched earnings multiple, indeed the shares are at a discount to other players in the sector, Questor adds, pointing out as well that, “In the year to December Yule is trading on a multiple of 12.9, falling to just 9.1 next year. This compared with Croda on 16.5 this year, falling to 15 in 2012.”

The Daily Mail’s Midas column, for its part, this Sunday touts shares of TV and film producer Entertainment One. Although Midas admits that the company’s shares are not without risk it does see potential in the company’s share price for long term investors. In particular, Midas points out the success of the company’s children’s TV series Peppa in the UK, its entrance into the US market and the recent signing of a marketing deal with US toy manufacturer Fisher-Price. Analysts cited by the newspaper believe that the potential size of the US market for Peppa merchandise could be of as much as GBP600m. Also to be had in account, film releases over the coming 12 months will include The Ides Of March, directed by George Clooney, and the fourth chapter of the Twilight Saga film series, Breaking Dawn. Furthermore, since its financial yearend in March Entertainment One has completed the acquisition of Hopscotch, an Australian film distribution group, which will extend its geographical presence in several markets. For Midas shares of Entertainment One are a Buy.

Altium reiterates hold on Majestic Wine, target price raised from 400p to 450p.

Credit Suisse reiterates underperform on International Power, target price cut from 335p to 300p.

Michelmersh Brick's margins safe despite tough market By Benjamin Chiou Date: Monday 13 Jun 2011 LONDON (ShareCast) - Michelmersh Brick, the brick, land development and landfill company, said that it has been able to offset challenging conditions in the industry to grow sales volumes ahead of expectations so far this year. Sales orders, despatches and production activity continue to be strong at all sites, according to the company's chairman Eric Gadsden. "Group sales volumes are ahead of budget for the year to date," he said. However, Gadsden noted that maintaining margins while energy prices increase is a key challenge for the industry as a whole. "[W]e continue to direct our efforts towards ensuring that our costs are well controlled and we have and continue to benefit from our investment in modern, more energy efficient plants at all our works in recent years...our premium position in the market has enabled us to maintain margins despite the prevailing market conditions." "We continue to see major changes within the industry and will be watching these closely for potential opportunities to develop our business whether organically or by acquisition," Gadsden added.