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http://www.investegate.co.uk/Article.aspx?id=201104150700069570E

Wincanton sees revenue fall at German business Date: Friday 15 Apr 2011 LONDON (ShareCast) - Distribution group Wincanton warned that revenue at its German Intermodal business fell in the fourth quarter after the Rhine was closed to traffic for over four weeks. Otherwise its overall performance continues to be broadly in line with management expectations, the group said in Friday's trading update. Chief executive Eric Born said, "We continue to address the cost base in the UK, Germany and in France as part of our initial objective of achieving stable year on year results in the new financial year." In the UK core business, Wincanton said it had seen a number of successful renewals notably with customers including Comet, Tesco, WH Smith, BP, Musgrave, Nestle and Wavin. "We are confident of further key renewals later in the year and can report a healthy new business pipeline," Born said.

Thats a horrible chart however we are now level with a 5 year low that being March 2009 - does this recover from here ...next weeks trading and direction looks very important

Eric Born, Chief Executive of Wincanton commented: 'We continue to address the cost base in the UK, Germany and in France as part of our initial objective of achieving stable year on year results in the new financial year. In the UK core business, we have seen a number of successful renewals notably with customers including Comet, Tesco, WH Smith, BP, Musgrave, Nestle and Wavin. We are confident of further key renewals later in the year and can report a healthy new business pipeline.'

Trading Update Wincanton plc ('Wincanton'), the leading European supply chain solutions provider today issues a trading update ahead of its preliminary results for the year ended 31 March 2011, which will be announced on 9 June 2011. Overall, performance continues to be broadly in line with management expectations as described in our Interim Management Statement on 2 February 2011. The only recent issue of note was reduced revenue from our German Intermodal business in quarter 4 due to the Rhine being closed to traffic for over four weeks.

http://www.investegate.co.uk/Article.aspx?id=201104150700069499E

15 April 2011 MONDI signs new €750 million revolving credit facility Mondi is pleased to announce the signing of a new €750 million, 5-year revolving multicurrency credit facility to refinance its existing €1.55 billion credit facility that was due to mature in June 2012. This completes the refinancing of its €1.55 billion facility that was partially refinanced via Mondi's inaugural €500 million 7 year Eurobond in March 2010. The facility was self-arranged with a club of 10 relationship banks. The Mandated Lead Arrangers are : Barclays Capital, BNP Paribas, Citi, Commerzbank AG, Deutsche Bank AG, Erste Group Bank AG, Société Générale Corporate & Investment Banking, Raiffeisen Bank International AG, The Royal Bank of Scotland plc and UniCredit. Andrew King, Mondi's Chief Financial Officer, said: "We are delighted with the confidence shown in the Mondi Group by our relationship banks through this new facility. The success of this transaction further strengthens the Group by extending our debt maturity profile and provides us with additional financial flexibility."

http://www.investegate.co.uk/Article.aspx?id=20110415070000P512F

Ladbrokes and 888 talks terminated Date: Friday 15 Apr 2011 LONDON (ShareCast) - Betting shops and casinos operator Ladbrokes says the potential marriage with online gaming firm 888 is off. The two parties had been engaged in preliminary merger discussions since December, which could have seen the bookie offer up to £240m for 888. However, a brief statement on Friday revealed that these talk have now been terminated. 888 shares took a dive in early trading, while Ladbroke’s share price firmed. The announcement accompanied a first quarter trading update in which business showed a marked pick up towards the end of the reporting period. Ladbrokes also announced the arrival of new chief financial officer Ian Bull, who will join the group from pubs group Greene King. For the first quarter overall, group net revenue – excluding high rollers – was 2.3% higher than a year earlier, with the period from 16 February showing a 4.2% year on year increase. This was despite a poor Cheltenham festival where the group's net revenue was down £10.7m on the 2010 festival. The UK retail estate's over the counter net revenue was up 3.2%, while the digital sportsbook's growth in the amounts staked shot up 6.4%, with the UK market especially vibrant. Operating profit, excluding high rollers, was up 1.9% on a year earlier. Operating profit from high rollers was £4.9m, compared with £12.9m the year before. Excluding the VAT refund received in 2010, the increase in operating profit was 20.0%. Global draw machines have now been rolled out to three-quarters of the retail estate, with the rest of the chain expected to get the machines by the end of May this year, ahead of schedule. UK retail machine gross win in the period was up 14.9%. Net debt at the end of March was down to £443.3m from £392.0m at the end of 2010. "We expect the economic climate in the UK to remain challenging in 2011 with consumer confidence and disposable incomes continuing to suffer. Notwithstanding this, at this early stage in the year, the business is performing in line with the board's expectations,” said Richard Glynn, chief executive of Ladbrokes.

Ladbrokes and 888 talks terminated Date: Friday 15 Apr 2011 LONDON (ShareCast) - Betting shops and casinos operator Ladbrokes says the potential marriage with online gaming firm 888 is off. The two parties had been engaged in preliminary merger discussions since December, which could have seen the bookie offer up to £240m for 888. However, a brief statement on Friday revealed that these talk have now been terminated. 888 shares took a dive in early trading, while Ladbroke’s share price firmed. The announcement accompanied a first quarter trading update in which business showed a marked pick up towards the end of the reporting period. Ladbrokes also announced the arrival of new chief financial officer Ian Bull, who will join the group from pubs group Greene King. For the first quarter overall, group net revenue – excluding high rollers – was 2.3% higher than a year earlier, with the period from 16 February showing a 4.2% year on year increase. This was despite a poor Cheltenham festival where the group's net revenue was down £10.7m on the 2010 festival. The UK retail estate's over the counter net revenue was up 3.2%, while the digital sportsbook's growth in the amounts staked shot up 6.4%, with the UK market especially vibrant. Operating profit, excluding high rollers, was up 1.9% on a year earlier. Operating profit from high rollers was £4.9m, compared with £12.9m the year before. Excluding the VAT refund received in 2010, the increase in operating profit was 20.0%. Global draw machines have now been rolled out to three-quarters of the retail estate, with the rest of the chain expected to get the machines by the end of May this year, ahead of schedule. UK retail machine gross win in the period was up 14.9%. Net debt at the end of March was down to £443.3m from £392.0m at the end of 2010. "We expect the economic climate in the UK to remain challenging in 2011 with consumer confidence and disposable incomes continuing to suffer. Notwithstanding this, at this early stage in the year, the business is performing in line with the board's expectations,” said Richard Glynn, chief executive of Ladbrokes.

Kind of related article re new bosses! http://www.investorschronicle.co.uk/InvestmentGuides/Shares/article/20110415/57a7ef94-6675-11e0-8524-00144f2af8e8/New-bosses-Britains-top-dogs.jsp?utm_campaign=IC%2BDaily%2B-%2BFree&utm_source=emailCampaign&utm_medium=email

Just back from work and would have to agree "not a great day" .hmmmmmm now how will this pan out I wonder !

The full article http://www.iii.co.uk/articles/15142/norseman-sinks-lower-expected-output

http://www.iii.co.uk/articles/15136/stock-watch-tribal-group

15th April 2011 Analyst: Derren Nathan Email: derren.nathan@gecr.co.uk Tel: 0207 562 3371 The ReThink Group* - Finals in line with expectations. Strong trading continuing into 2011. Re-iterate BUY stance with a target price of 14.8p

Panmure Gordon maintained its "buy" rating for Computacenter (CCC), the provider of IT infrastructure services, with a 484p target price. Commenting ahead of the group's first-quarter interim management statement next week, the broker said the business continues to outperform expectations due to its "slick" operating model, focus on cash and leading UK market share. That said, with France in profit, a beefy balance sheet, and continued pull from demand side drivers, Panmure believes the future is looking bright

Arbuthnot issued a "buy" rating for Clarke T (CTO), the electrical engineering and contracting company, with an increased target price of 115p, up from 105p. Although market conditions are not helping the group, the broker notes that management is holding firm, retaining market presence even at the expense of short-term margins, with markets expected to remain tough throughout 2011. Going into 2012, however, Arbuthnot said it expects to see an improvement in margins as more work is negotiated.

Anil Chalamalasetty, CEO and MD of Greenko, said: "The energy market for conventional power in India is characterised by huge demand, complex fuel supply issues and volatile merchant prices combined with environmental and social permitting challenges. The Greenko model is distinctly different. Our small hydro and wind assets are not subject to fuel risk and benefit from long-term, fixed margin power off-take agreements which are not available to conventional power generators. These off-take agreements allow us to secure minimum returns over the life of the asset and capture superior returns when the market conditions are particularly favourable. We strive to achieve this for our shareholders and customers whilst generating power responsibly." He added, "Wind power is a crucial part of the Group's plans to create a balanced portfolio of clean energy producing assets and this substantial 300MW addition is further evidence of our progress towards our target 1GW operational portfolio by 2015. Hydro remains a key asset class and the 50MW of aggregate concessions are a welcome addition to the portfolio in what is a proven and reliable area of our business."

Yes nice RNS today and recognised by the Market

Juan Carlos Rodriguez, Chief Executive of PetroLatina, commented: "Our first quarter average production rates and the initial results to date from the Serafin-1 gas well have been very encouraging and in line with our expectations. We continue to pursue our strategy of seeking to increase production and reserves and expect to resume our development drilling in a more effective and low risk manner later this year."