Member Info for mulledwine

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On the company front, Cillit Bang maker Reckitt Benckiser gives a third quarter update at noon on Wednesday which shareholders hope will be a catalyst for the shares to recover some of the losses seen this week in the aftermath of the decision by chief executive Bart Becht to retire. Panmure Gordon thinks there is little cause for optimism, however. "We believe the picture will remain one of low, or no, category growth in developed markets, continued high levels of promotional activity and only modest price inflation despite seemingly ever increasing commodity costs. These factors, we believe, will continue be the drivers of investor sentiment, rather than the first full quarter of SSL, continued good growth in developing markets and another quarter with no generic entry for Suboxone." Specifically, the broker forecasts first quarter sales growth of 12.5% to £ 2,253m, versus a consensus of £ 2,279m, made up of 4.0% like for like growth (3.6% excluding Pharma), 9.7% from the acquisition of SSL and -1.1% currency. "We forecast 0% growth in Europe, 2% growth in North America & Australia and 13% growth in Developing markets. We expect the modest growth achieved in developed markets to represent market share growth by Reckitt. For Pharma, we pencil in 10% growth in Q1, with the switch to lower price Suboxone Film continuing to dilute growth, but creating a more defensible business in a post generic world," Panmure Gordon said.

Somewhat annoying - coffee n scones required I think

It not workee AGAIN!

Oillies coming up with negatives all over just now

Drilling update - Golaghat Block Jubilant today announces that the P-16-1 well, which was spudded on 20th March 2011 in the Golaghat Block (AA-ONN-2003/1), reached a total depth of 1625 metres. The well encountered a granitic basement from 1555 metres onwards. The well tested a NE/SW fault prospect and was drilled through all the potential reservoirs that were previously identified at this location. Based upon drilling, electric logs and MDT data, no hydrocarbons were encountered in the well. The well is thus being prepared to be plugged and abandoned. The drilling of the well was completed under budget and without any health, safety and environmental incidents. The execution of the remaining work program comprising of six additional exploratory wells will be finalised on obtaining forestry land approval. Jubilant through its subsidiary, Jubilant Oil and Gas Pvt Limited, holds a 10% participating interest in this block and is the Operator. Jubilant Securities Private Limited (JSPL), a company in the wider Jubilant Bhartia Group, also holds 35% participating interest in this block. Jubilant, through its subsidiary, Jubilant Energy (Nelp-V) Pvt Limited, has entered into a business transfer agreement dated 1 April 2007 with JSPL for acquiring its entire stake in the block. This transfer is subject to, inter alia, the parties obtaining consents from various third parties, including the management committee under the relevant Production Sharing Contract and the Government of India. The other partners in the acreage are Gujarat State Petroleum Corporation Limited with 20% and GAIL India Limited with 35% Participating Interest.

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Richard Longdon, Chief Executive, said: "We are pleased with the outcome for the year with a good level of growth despite the challenges we faced. We are encouraged that we have seen market conditions generally improve in the last quarter although we are conscious of continuing global uncertainties." The Group will be announcing its preliminary results for the year ended 31 March 2011 on 25 May 2011.

Period end trading update AVEVA Group plc ("AVEVA" or the "Company"; stock code : AVV), one of the world's leading providers of engineering data and design IT systems, today announces a trading update following the end of the financial year to 31 March 2011. The Board expects to report full year results in line with its expectations. The Group has continued to perform well in its key vertical markets and geographies, consistent with the trends identified in our January 2011 Interim Management Statement. Asia Pacific performed strongly driven by the Oil and Gas and Power sectors. There were also signs of improvement in Marine from Offshore Oil and Gas projects. There has to date been no impact on the business from the events in Japan. In EMEA, Central Europe was impacted by the slower economic recovery across the region in the year which has resulted in lower overall growth rates. In the Americas, North American sales have been affected by the economic conditions and the competitive environment. Latin America has continued to grow strongly, mainly driven by opportunities in the Oil and Gas market in Brazil. During the year, we have seen some encouraging customer wins for AVEVA NET and the pipeline continues to grow. As a result of planned investment in the Enterprise Solutions business we are now better placed to exploit opportunities in the growing lifecycle management market which AVEVA NET serves.

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mxpress - hope that helps!

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"2010 was a year of strong recovery from the low point of 2009. This performance was driven by increased demand from our key customers, and new opportunities created by an extended capability for a wider range of products. We have been able to aggressively pursue these as a result of our engineering expertise and technological leadership. "The Group continues to capitalise on the uplift in its markets with unaudited revenue for Q1 2011 (January to March) at £116.9m, which is 66.0% above the comparable period of 2010. "Overall, we are convinced that as confidence grows and recovery is sustained, our markets will continue to improve and Titan Europe is well placed to benefit from this." Mike Akers, Chief Executive

Commercial Highlights · Recovery in all key markets, particularly Construction; · Expansion into Chinese markets through new Tianjin facility; · Expansion of foundry capacity into high-speed train brake-component market; · New business including global supply contract for 25-inch multi-piece wheels for Volvo Construction.

Financial Highlights · Revenue up 37.4%; · Trading profit improved by £32.2m with a trading margin of 4.0%; · Profit before income tax improved by £44.9m; · Net debt down by 10.3%; · Cash generated from operations up 163.5%; · Earnings per share improved by 33.28 pence.

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+30% hmmmmmmmmmm

Kimberly Tara, Chief Executive Officer of FourWinds Capital Management, commented on the results: "2010 was a transformational year for Phaunos and we are delighted with the results the Company is announcing today. During the year, Phaunos achieved full investment with an excellent portfolio positioning the group for capital appreciation and income growth going forward. As signalled in March, Phaunos also announced today that it will be recommending a maiden dividend of US$0.02 per Ordinary Share to shareholders at the forthcoming Annual General Meeting. Looking ahead the outlook is positive, with timber prices recovering from the lows of 2008-2009. Management will continue to focus on achieving greater efficiencies within the portfolio, and we remain confident that this strategy will continue to deliver excellent long-term returns for investors".

Highlights 31 Dec 2010 31 Dec 2009 Net Asset Value US$594.9 million US$575.0 million NAV per Ordinary Share US$1.11 US$1.07 Profit for the year US$20.7 million US$7.0 million Earnings per Ordinary Share 3.98 cents 1.40 cents · The Board is pleased to announce that the Company has now reached full investment and proposes, subject to Shareholder approval, to declare the Company's first dividend of US$0.02 per Ordinary Share. · The Company completed its programme of full investment by the year-end, and held a cash reserve for committed projects and working capital. The following transactions were completed during the year: Ø US$117.6 million investment in Matariki Forestry Group in New Zealand; Ø US$85.8 million acquisition of over 19,000 hectares of timberland in Minas Gerais; Brazil; and Ø US$15.7 million investment in China's Jiangxi province. · The resulting portfolio has achieved the objectives set out for the Company. Ø The Company has excellent geographic diversification with investments in North America, South America, Eastern Europe, Africa, Asia and New Zealand. Ø The Company is also well diversified in terms of species of wood, end market and maturity. Ø The combination of these elements and the state of the assets means that the portfolio today is well positioned for both capital appreciation and income growth going forward. · Within the context of the current global economic recession, the Company's globally diversified portfolio continued to strengthen with the following net gains incurred through increased valuations and favourable currency shifts: Ø Net unrealised valuation gains on financial assets of US$31.3 million. Ø Net realised and unrealised foreign exchange gains totalling US$12.6 million.