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http://www.investegate.co.uk/Article.aspx?id=201105170700167174G

Surely see some mileage in this SP soon

Daniel Dayan, Chief Executive of Fiberweb, commented: "I am delighted that the proceeds from the recent rights issue has enabled us to acquire Tubex and therefore strengthen the market and technology position of Fiberweb Geosynthetics. Acquiring a leading niche market position in a business closely-related to an existing Fiberweb business is highly attractive and we will apply the scale and geographic reach of Fiberweb to accelerate Tubex's growth in international markets while realising efficiencies in production and distribution."

CONT Fiberweb will pay £5.1 million for 100% of the share capital of Tubex and will assume net debt estimated to be £0.7 million. The consideration of £5.1 million will be satisfied by a payment of £3.85 million in cash and the issue to existing Tubex shareholders of 1.8 million new Fiberweb shares (''Consideration Shares''), representing approximately 1.05% of Fiberweb's current issued share capital. The new shares will rank pari passu with existing Fiberweb shares. £0.2 million of the cash portion of the consideration will be paid into escrow for a period of 12 months as security for any claims under the sale and purchase agreement. Application has been made to the UK Listing Authority and to the London Stock Exchange for admission to the Official List of the Consideration Shares and it is expected that admission and dealings will become effective in the Consideration Shares on 19 May 2011. Fiberweb expects the acquisition to be earnings-neutral in 2011 and accretive to earnings per share by at least 5% in 2012 after the dilutive impact of the new shares. This transaction is not expected to have any material immediate impact on Fiberweb's gearing, but will enhance Fiberweb's cash generation once integration has been completed by the end of 2012.

Fiberweb plc is pleased to announce the acquisition of 100% of the issued shares of Tubex Limited, the parent company of the Tubex group of companies ("Tubex"). Tubex is the largest European specialist producer of tree shelters, designed to dramatically improve the survival and growth rates of broadleaf saplings and vines. The products developed out of research undertaken in the 1980's for the UK Forestry Commission and now tree shelters are a well established tool in silviculture. Tubex is based in Aberdare, South Wales and is highly complementary to Fiberweb's Acorn tree shelter business based near Norwich, UK, which was part of the Boddingtons acquisition completed on 6th January 2011. Tubex also has sales in Spain, Italy, France, Germany and the USA, with subsidiaries in France and the USA. Tubex is a private UK company, majority owned by the management team and by Shackleton Ventures as well as certain other current employees. It is expected that the production director of Tubex, Andre Green, will join Fiberweb and will become a key part of the Fiberweb Geosynthetics management team. Tubex will be integrated with Fiberweb Geosynthetics to form a larger overall business with a world-leading position in tree shelters. Tubex had sales in the year to 30th June 2010 of £5.3 million, with profit before interest and tax of £0.5 million. Tubex's net assets as at 30th June 2010 were £1.5 million and gross assets were £2.8 million.

http://www.investegate.co.uk/Article.aspx?id=201105170700157029G

CONT However, earnings continue to be adversely affected by the lower level of UK sales and the weakness of Sterling, particularly against the Euro, which has increased the cost of engines from Italy. In addition, UK sales in the four months ended 30 April 2011 included the remaining 108 vehicles built prior to the restructuring of the Coventry operation in July 2010, which generated margins significantly lower than the current TX4, launched in November 2010. In the four months ended 30 April 2011, on a management accounts basis, the Group broke even at the earnings before interest, tax, depreciation and amortisation ("EBITDA") level, compared with an equivalent loss of £0.3m in 2010. With these improvements in EBITDA, and a reduction in working capital, the Group returned to cash generation during the four months ended 30 April 2011, with a £0.3m reduction in net debt (2010: £7.9m increase) to £14.1m, with total unutilised facilities of £1.3m as at 30 April 2011 (2010: £2.7m). The Group's relationship with its bankers remains good.

Current Trading Trading in the UK continues to be impacted by the uncertain macro economic conditions, which makes forecasting the level of demand for new vehicles challenging. UK sales at the end of April were down 5.2% at 524 vehicles (2010: 553 vehicles). Trading in March and April was impacted in a similar way to many retail sectors of the economy, with taxi driver earnings and confidence negatively affected by generally lower disposable income, higher fuel costs, concerns about job security and the potential impact of public sector spending cuts. Overall vehicles sales (including international sales) for the four months to the end of April were up 10.1%, to 686 vehicles (2010: 623 vehicles). This is broadly in line with our expectations, with a good International performance more than offsetting a below-forecast UK performance. International sales orders for 2011 are now over 1,300 and well ahead of the expectation of 1,000 units set at the start of the year. International customer deliveries in the four months to the end of April were 162 vehicles (2010: 70 vehicles). The Azerbaijan order of 1,000 vehicles is scheduled to be built and delivered in a number of batches through to the end of the year. The first batch of 100 vehicles has been shipped from China and the second batch of 200 vehicles is currently in build in Shanghai. The third batch is scheduled for build in June. Sales in other International markets already exceed last year's total. Demand from customers in the Middle East currently remains strong, but recent unrest in the region may negatively impact sales prospects in the coming months. Earnings have benefited from the initiatives to return the Group to profitability completed during 2009 and 2010, namely the restructuring of UK manufacturing operations and UK dealer network, the Chinese supply of parts, TX4 international growth, and the closure of the US based advertising business. The savings from these measures have been broadly in line with expectations.

http://www.investegate.co.uk/Article.aspx?id=201105170700147005G

Peter Spivey, Chief Executive Officer of Cluff Gold, commented: "We are extremely encouraged with the first results received from the drill programme targeting the VTEM anomalies, which confirm our thesis that the conductive anomalies identified from the geophysical survey are associated with gold. We believe that this is a significant milestone for the project, representing the inaugural results outside of the currently defined resource area. Whilst we cannot predict future exploration results, with the link between conductive anomalies and gold now clearly established, the project has taken a major step forwards in enabling targeted, cost-effective exploration. Further work is required to understand the geology in the remainder of the Baomahun project area, and our teams are working hard to fulfil this goal. We look forward to receiving further results in due course."

LONDON, UNITED KINGDOM--(Marketwire - May 17, 2011) - Cluff Gold plc (AIM:CLF)(TSX:CFG) ("Cluff Gold" or the "Company"), the dual AIM/TSX listed West African focused gold mining company, is pleased to report that assay results from the first exploration drill hole targeting the versatile time domain electro-magnetic ('VTEM') anomalies at Baomahun in Sierra Leone have now been received. The promising assay results confirm the Company's expectation of finding gold intersects in Target 5 of the Baomahun project area. A diagram showing each of the targets in the project area can be found in the Baomahun section of the Company's website at www.cluffgold.com. The drill results confirm the association between gold and the sulphide minerals identified by the conductive anomalies recognised in the VTEM survey. This is similar to the relationship seen in the resource area. The intercepts from the first hole assayed are as follows: -- 5 metres @ 1.59g/t from 29 metres -- 2 metres @ 5.77g/t from 81 metres (including 1m @ 11.1g/t) Although the widths and grades are not of themselves comparable with the resources delineated at Baomahun to date, these first results are fundamental to the along strike exploration programme at Baomahun, and support the strategy to follow up on the VTEM survey anomalies. As at 15 May 2011 a total of 2,938m has been drilled in 19 holes within three of the seven targets (numbered 5, 4 and 2) originally identified. Further results will be announced once received.

Peter Rogers, Chief Executive commented "These strong results reflect the value Babcock is now generating as the UK's leading engineering support services group. The successful integration of VT Group into our existing business has created a powerful operational and financial platform for us to capitalise on our increasing opportunities for growth both in the UK and internationally. "We have entered the new financial year with the excellent visibility conferred by a large and long-term order book and with an expanding bid pipeline. The Board is confident in the outlook for the group and we look forward to making further good progress this year and thereafter."

http://www.investegate.co.uk/Article.aspx?id=201105170700147004G

http://www.investegate.co.uk/Article.aspx?id=201105170700126774G

Symphony Environmental Technologies* (SYM), the specialist in advanced plastics technologies, has raised approximately 2.08 million pounds through a placing to repay loans of 0.51 million pounds and strengthen the working capital of the business. Commenting on this, chief executive Michael Laurier said: "We recently strengthened our position in America and are focused on ensuring that expansion in all territories continues at pace." Shares in Symphony, which is a member of the European Organisation for Packaging & the Environment (Europen) and the British Brands Group, were flat at 18.75p.

Frederic Bobo, Executive Chairman commented, "This significant win comes only a number of months after the contract for the French Ministère des Affaires Etrangères was announced in November 2010. It illustrates the fact that Forum Diffusion is again well positioned in the contract market in France. It is also further evidence of the return of customers to Forum, who were previously prevented from buying from it whilst we restructured our French businesses. This excellent win supports our view that we will see a return to a level of sales not seen since we acquired Forum for €1 in April 2008. This level of sales, in addition to further reductions in operational costs due to the full subcontracting of Forum logistics by the end of July 2011, puts Forum strongly back on the path to profitability."

Significant Contract Win designcapitalplc (AIM: DESC), the AIM listed investment company dedicated to high end contemporary furniture design, is pleased to announce that its Paris based subsidiary, Forum Diffusion ("Forum"), has secured a significant contract to supply furniture to the Paris head office of a major French international group. The contract is initially for the supply of 1,700 workstations, to the value of €1,900,000, although the directors expect that additional requirements are likely to increase the size of the order in due course. The high end designer office furniture will be sourced by Forum predominantly from Italian and German manufacturers and it is anticipated that delivery will begin on June 15th 2011 and shall last until November 2011.

http://www.investegate.co.uk/Article.aspx?id=201105160700106183G

Forum Diffusion, a subsidiary of Design Capital* (DESC), has been put "back on the path of profitability" after securing a significant contract to supply furniture to the Paris head office of a major French international group. The contract is initially for the supply of 1,700 workstations, to the value of 1.9 million euros (1.7 million pounds), although the directors expect that additional requirements are likely to increase the size of the order in due course. In light of this, GE&CR reiterated its "strong buy" rating for the firm with a 39.1p target price. Design Capital shares climbed 2p to 14.5p.

News that full-year results at MCB Finance Group (MCRB) are expected to be significantly ahead of market expectations pushed the consumer finance company's shares up 11p to 40.5p. The company said the growth trend seen in the second half of 2010 has continued, and lending in the first four months of 2011 was ahead of its expectations with principal lent approximately 45% above the volumes seen during the same period last year.