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Cryptologic mulls possible break-up Date: Friday 25 Mar 2011 LONDON (ShareCast) - Online gaming software specialist Cryptologic has launched a full strategic review, which will include whether to put itself up for sale. Deloitte Corporate Finance has started work on the review, which will consider “the possibility of an offer being made for the company or a disposal of part of the business,” the statement said. “The board wishes to stress that there can be no certainty that any offer will be forthcoming,” it added. Earlier this week, Cryptologic reported total revenue in 2010 fell to $26m from $39.8m in 2009, while the net loss narrowed to $20.4m from $35.5m. Loss per share was $1.58 versus a loss of $2.78 in 2009.

Nigel Little, Chairman of Niche, commented, "Through Oman's participation on Block 4077, they have developed a close working relationship with Arar, one of Turkey's largest oil and gas licence holders. We are pleased that this relationship now extends beyond the initial licence to the highly prospective Hatay Blocks, which have significant potential for near term gas production. Turkey represents an attractive region for investment for Niche due its role as the geographic meeting point of the European and Asian gas markets and its position as a potential supply route of future European energy infrastructure."

Further Investment in Oman Resources Farm in on 3 Hatay Blocks Niche (NGP.L), the AIM listed investment company with interests in onshore gas exploration and development activities in Turkey, has entered into a further convertible loan agreement (the "Loan") with Oman Resources Limited ("Oman") pursuant to which the Company will, subject to the satisfaction of a number of conditions, loan a further £5.5m to Oman. Oman has agreed with Arar Petrol ve Gaz AUPAS (the "Operator") that it will enter into farm in agreements (the "Farm In Agreements") and joint operating agreements (the "Joint Operating Agreements") in respect of three exploration licences held by the Operator in the Hatay District of Turkey: AR/ARR 4396 ("Block 4396"), AR/ARR/4395 ("Block 4395") and AR/ARR4394 ("Block 4394") (together, the "Hatay Blocks"). The Hatay Blocks are situated in the Iskenderun Basin, close to the Eastern Mediterranean Sea. Drawdown of the loan is conditional on the execution by Oman and the Operator of the Farm In Agreements and the Joint Operating Agreements. Under the terms of the Farm In Agreements Oman is required to make an aggregate payment to the Operator of US$7m within 3 days of the date of the Farm In Agreements in respect of Blocks 4395 and 4396 and is required to make a further payment of US$3m within 30 days of the date of the Farm In Agreement in respect of Block 4394. With respect to each of the Hatay Blocks, Oman will receive a 50% participating interest subject in each case to Oman having fulfilled the relevant payment obligations and Turkish government approvals. In accordance with the terms of the Loan, the proceeds of the Loan may be used by Oman: (i) towards its payment obligations under the Farm In Agreements, (ii) towards payments in respect of Phase 2 of the works being carried out under exploration licence AR/ARR/4077 and (iii) for Oman's working capital requirements. The Loan will convert either at the Company's option or automatically on the occurrence of certain specified events into a further 5.5% of Oman's share capital, resulting in a total shareholding of 32.2% in Oman following conversion of all convertible loans. The Company has agreed with Oman that, in the event that the Company elects to convert one of the convertible loans it has entered into with Oman, it will, at the same time, convert the other convertible loans.

http://www.investegate.co.uk/Article.aspx?id=201103251221126566D

http://www.investegate.co.uk/Article.aspx?id=201103250700086116D

Songbird bullish on Canary Wharf prospects Date: Friday 25 Mar 2011 LONDON (ShareCast) - Canary Wharf owner Songbird Estates’s recovery continued in the second half of last year as property values picked up and occupancy rose to 97.1%. Adjusted NAV at end 2010 was 10% higher at £1.87, while net assets increased 44% over the second half of 2010 to £1.75bn at the year end, an increase of £537m. Over the full year, net assets increased by £562.0m or 47.2%, in part boosted by an Open Offer. The recovery in the property market continued into the second half of the year Songbird said. “The group had a very positive 2010 and will be looking to continue development at Canary Wharf in 2011. Additionally we expect to see increasing involvement in Central London projects, either through joint ventures or as a construction or development manager,” chairman David Pritchard added. Overall, the group's profit before tax for 2010 was £464m and reflected a revaluation surplus of £328m, against a deficit in 2009 of £15.4m. Profits were also boosted by a gain realised on the sale of 25 Bank Street (£155.1m) and the amount received on termination of the related AIG facility (£144.5m).

http://www.investegate.co.uk/Article.aspx?id=201103251020136371D

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http://www.investegate.co.uk/Article.aspx?id=201103250700066026D

Euromoney trading as expected Date: Friday 25 Mar 2011 LONDON (ShareCast) - Euromoney Institutional Investor, the business publisher and exhibitions organiser, is trading in line with expectations and will make at least £40m in the half-year to 31 March. “Sales trends over the past three months have been broadly positive, particularly for the events businesses for which the third quarter is the most important of the year,” the firm said Friday. But it did warn that delegate sales for the training business have “struggled” to achieve year-on-year growth. Customers don’t want to commit given the uncertain economic outlook and trouble in the Middle East, a key market, is also hurting business. Revenue comparisons have become much tougher since the start of the second quarter, the company added. Different timings for events mean headline delegate revenues will probably show a year-on-year decline in the second quarter. Growth in subscriptions, advertising and sponsorship revenues is also slower than the first quarter. A £4m increase in long-term incentive expense, the absence of one-off cost savings of £2m in 2010, and a reduction in the adjusted operating margin of about two percentage points offset revenue growth in the first half. Adjusted profit will be not less than £40m, down a fraction from £40.1m a year ago. Interim results are out on 19 May.

888 gets Nevada clearance By John Harrington Date: Friday 25 Mar 2011 LONDON (ShareCast) - Online gaming company 888 said that the Nevada Gaming Commission has approved the relationship between Dragonfish, 888’s business-to-business (B2B) arm and Caesars Interactive Entertainment. The ruling relates to state law in Nevada that covers Nevada gaming companies conducting gaming outside the state of Nevada. Caesar’s Interactive Entertainment was formerly known as Harrah’s Interactive Entertainment. It owns more than 50 casinos and hotels.

As part of a progressive dividend policy, the Board of M&C Saatchi plc is proposing to pay a final dividend of 3.03p per share (2009: 2.75p), giving a total dividend of 3.90p compared to 3.62p in 2009, this is an increase of 7.7%. The final dividend will be paid subject to shareholder approval on 8 July 2011 to shareholders on the register at 10 June 2011.

http://www.investegate.co.uk/Article.aspx?id=201103250700096090D

End of offer period 25 March 2011, London, UK, and Cambridge, MA: Antisoma plc (LSE: ASM; USOTC: ATSMY) today provides an update, further to the statement made in on 8 February 2011 that steps had been initiated to find a transaction that maximises shareholder value. Since that time, and as announced on 9 March, steps have been taken substantially to reduce staff numbers and operating costs to conserve cash resources. This has included a number of changes to the board. Whilst the Directors are still progressing options to exploit the Company's underlying intellectual property, this will not involve committing to further significant investment in these biopharmaceutical programmes. In addition, the Directors continue to consider where the cash resources of the Company should best be invested for the benefit of shareholders. At the current time, no transactions which might result in any offer for the issued share capital of the Company remain under consideration and none are now envisaged. The Board, therefore, confirms that the Company is no longer deemed to be in an 'offer period' for the purposes of the City Code on Takeovers and Mergers.

http://www.investegate.co.uk/Article.aspx?id=201103250700066044D

Tata Steel UK Limited- Teeside Cast Products We refer to our announcement dated February 24, 2011 and the press release attached to it, informing you about the definitive Sale Agreement entered into by our subsidiary Tata Steel UK Limited, whereby they agreed to sell certain assets of Teeside Cast Products to Sahaviriya Steel Industries UK Limited We wish to inform you that the transfer of ownership of the assets covered by the above Agreement was completed yesterday.

http://www.investegate.co.uk/Article.aspx?id=201103250700056246D

http://www.investegate.co.uk/Article.aspx?id=201103250700066070D

CryptoLogic announces Strategic Review March 25, 2011 (Dublin, IRELAND) - The Board of CryptoLogic Limited ("CryptoLogic" or the "Company"), a developer of branded online betting games and internet casino software, announces that it has appointed Deloitte Corporate Finance as financial adviser to assist it with a strategic review of the Company. This review is at an early stage and will consider a number of strategic options, including the possibility of an offer being made for the Company or a disposal of part of the business. The Board wishes to stress that there can be no certainty that any offer will be forthcoming. The Board will update shareholders as soon as it is appropriate to do so.