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UK SMALLCAP ROUNDUP: ABB Drops Chloride Bid

Thu, 01st Jul 2010 09:30

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ABB LTD. (ABB), a Swiss engineer, Thursday threw in the towel in a bidding war over U.K. industrial company CHLORIDE GROUP PLC (CHLD.LN), increasing the chances of success for a rival offer by Emerson Electric Co. (EMR) of the U.S. At 0803 GMT, Chloride shares -16.4 pence or 4.3% at 369.6 pence. CH2M HILL COS. LTD., a U.S. engineer, said it dropped its offer to acquire peer SCOTT WILSON GROUP (SWG.LN), after rival bidder URS Corp. (URS) raised its offer for the U.K. firm. At 0802 GMT, Scott Wilson shares +19.25 pence or 7.2% at 285.25 pence. WILLIAM SINCLAIR HOLDINGS PLC (SNCL.LN), a horticulture specialist, said current trading remains strong, with margins "significantly ahead" of last year, although it will book an exceptional charge this fiscal following a property revaluation. At 0802 GMT, shares flat at 117.5 pence. FORTH PORTS PLC (FPT.LN), a sports company, said its expects fiscal-year earnings to be in line with its own expectations following improving trading during the first half of 2010. The company, which operates seven ports in the U.K. including Tilbury on the Thames and Dundee in Scotland, said forest products and animal feed tonnage increased on year during the first half of 2010, while there are signs of improvement for shipping construction materials. At 0801 GMT, shares -29 pence or 2.5% at 1,150 pence. ET-CHINA.COM INTERNATIONAL HOLDINGS LTD. (ETC.LN), a travel company, and financial adviser CLARKSON HILL GROUP PLC (CLKH.LN) were suspended after the companies failed to publish their accounts on time. Et-China suspended at 103.5 pence. Clarkson Hill suspended at 2 pence. GOALS SOCCER CENTRES PLC (GOAL.LN), a five-a-side soccer company, said it is taking a conservative view of the potential boost to earnings from the ongoing soccer World Cup, anticipating full-year earnings at the lower end of current market expectations. At 0801 GMT, shares -12.5 pence or 8.5% at 135.5 pence. OXFORD BIOMEDICA PLC (OXB.LN), a biotechnology company, said it received a grant from a charity to fund early-stage development of an experimental drug for amyotrophic lateral sclerosis, a form of motor neurone disease commonly known as Lou Gehrig's disease. At 0800 GMT, shares -0.25 pence or 2.3% at 10.75 pence. SYNCHRONICA PLC (SYNC.LN), a mobile software provider, said it has sold a batch of licenses for its Mobile Gateway product that will bring in an extra $1.25 million of revenue in its first half. At 0800 GMT, shares +0.13 pence or 6.3% at 2.13 pence. CHAARAT GOLD HOLDINGS LTD. (CGH.LN), a Kyrgyzstan-focused gold miner, said it raised GBP3.85 million to fund drilling and studies at its flagship Chaarat project. At 0800 GMT, shares -0.25 pence or 0.6% at 40.5 pence. PROSTRAKAN GROUP PLC (PSK.LN), a drug company, said marketing partner Endo Pharmaceuticals Holdings Inc. (ENDP) submitted fresh data to the U.S. Food and Drug Administration regarding testosterone gel Fortesta in an effort to get it cleared for sale. The FDA said in October 2009 it couldn't approve Fortesta based on the data provided in the two companies' regulatory submissions. At 0759 GMT, shares flat at 67.25 pence. GEONG INTERNATIONAL LTD. (GNG.LN), a business software company, said it has secured a three-year facility of up to GBP5 million to use on acquisitions. At 0759 GMT, shares +1 pence or 2.9% at 36 pence. ZOTEFOAMS PLC (ZTF.LN), a foam manufacturer, said it expects its full-year pretax profit to top market expectations, following a better-than-expected performance during its first half. At 0759 GMT, shares +4.5 pence or 4.8% at 99 pence. CHURCHILL MINING PLC (CHL.LN), a coal miner focused on Indonesia, said it believes it will be able to produce an extra 10 million metric tons of coal a year from its East Kutai project. It increased its forecast production rate to 35 million tons a year after studies showed its planned mine could handle more coal. At 1758 GMT, shares -2.5 pence or 2.4% at 100 pence. LEED PETROLEUM PLC (LDP.LN), an oil and gas company, said it agreed to pay its bank higher interest rates after production problems hurt earnings and put it in breach of its loans. At 0758 GMT, shares -0.68 pence or 18% at 3 pence. METMINCO LTD. (MNC.AU), an explorer for metals in South America, said it more than tripled its resource estimate for its Los Calatos copper and molybdenum project in Peru to 926 million metric tons. The increase follows the latest drilling results for Los Calatos from Hampton Mining Ltd., in which Metminco holds a 69.4% stake. At 0757 GMT, shares flat at 9 pence. DJ UK Smaller Cos -1.2% AIM -0.8% By Jason Douglas, Hannah Benjamin and Rachael Gormley, Dow Jones Newswires; +44 (0) 20 7842 9272; uksmallcaps@dowjones.com (Martin Gelnar in Zurich contributed to this article.) (END) Dow Jones Newswires July 01, 2010 04:30 ET (08:30 GMT)
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UK earnings, trading statements calendar - next 7 days

Tuesday 30 April 
Avacta Group PLCFull Year Results
Card Factory PLCFull Year Results
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Close Brothers Group PLCTrading Statement
Cloudified Holdings LtdHalf Year Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
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Fadel Partners IncFull Year Results
Glencore PLCTrading Statement
Hargreaves Lansdown PLC Trading Statement
Howden Joinery PLCTrading Statement
HSBC Holdings PLCQ1 Results
Kelso Group PLCFull Year Results
Northcoders Group PLCFull Year Results
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Rotork PLCTrading Statement
Safestore Holdings PLCHalf Year Results
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HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
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Endeavour Mining PLCQ1 Results
Hiscox LtdTrading Statement
International Personal Finance PLCTrading Statement
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Lancashire Holdings LtdTrading Statement
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NAHL Group PLCFull Year Results
Reach PLCTrading Statement
Shell PLCQ1 Results
Smiths News PLCHalf Year Results
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Standard Chartered PLCQ1 Results
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no events scheduled 
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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EARNINGS AND TRADING: Adnams names new CEO; Roebuck swings to loss

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12 Dec 2023 19:31

IN BRIEF: Cloudified completes Falanx disposals, targets acquisition

Cloudified Holdings Ltd - Reading, England-based cybersecurity provider - Completes the sale of Falanx Cyber Defence Ltd and Falanx Cyber Technologies Ltd which was approved at the general meeting held on November 27. Explains the disposal is a fundamental disposal pursuant to Rule 15 of the AIM Rules for companies. Accordingly, the company now constitutes a cash shell in accordance with Rule 15 of the AIM Rules and expects to have cash balances post-restructuring and transaction costs of around GBP0.4 million.

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31 Jan 2017 15:36

Churchill Mining still appealing Kutai decision

(ShareCast News) - Churchill Mining announced on Tuesday that, further to its announcement on 23 December, it was continuing to work with the its solicitors Clifford Chance on a detailed analysis of the award and a review of potential grounds to seek revision or annulment of the award pursuant to se

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31 Jan 2017 09:59

Churchill Mining Still Review Position After Indonesia Claim Dismissal

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7 Dec 2016 11:59

Churchill Mining's $1bn claim against Indonesia struck off

(ShareCast News) - A tribunal has struck out a claim by Churchill Mining for damages after Indonesia's government revoked its licence for a coal project. The AIM-listed miner said it was "extremely disappointed" by the decision by a tribunal from the International Centre for Settlement of Investment

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7 Dec 2016 09:11

Churchill Mining Claim Against Indonesia Dismissed, Must Pay Costs

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2 Dec 2016 08:23

Churchill Mining Expects Indonesian Tribunal Decision Next Tuesday

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29 Nov 2016 09:51

Churchill Mining Requests Tribunal Update As No Decision, Award Issued

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24 Nov 2016 16:12

UK Shareholder Meetings Calendar - Next 7 Days

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16 Nov 2016 15:20

Churchill mining expects ruling on Indonesia case in 2 weeks

(ShareCast News) - Indonesia-focused coal miner Churchill Mining said the International Centre for Settlement of Investment Disputes (ICSID) would be issuing a ruling on its claim against the Indonesian government within two weeks. In a statement, the AIM-listed firm said the ICSID was in the proces

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19 Oct 2016 14:35

Churchill Mining losses widen as Indonesia arbitration drags on

(ShareCast News) - Along with an increased loss, final results from Churchill Mining carried a detailed account of its ongoing arbitration claim against the Indonesian government after it revoked the licence to mine the East Kutai coal project coal project. The AIM-listed company spent $1.54m on leg

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19 Oct 2016 13:35

Churchill Mining Loss Widens As It Continues To Pursue Claim

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21 Jun 2016 16:35

Tribunal date set for Churchill Mining's spat with Indonesia

(ShareCast News) - The tribunal ruling on Churchill Mining's dispute with Indonesia expects to pass down a ruling in September 2016. Churchill Mining, a British mining corporation, has been in a dispute with Indonesia since March 2013 for damages related to an unlawful seizure of the East Kutai C

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