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UK SMALLCAP ROUNDUP: Egdon Resources Up On Production Boost

Mon, 14th Jun 2010 16:00

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 EGDON RESOURCES PLC (EDR.LN), an oil and gas company, Monday said it intends to revive plans to generate electricity from gas produced from its Keddington field in England after production from a new well exceeded its expectations. The Keddington-3z well produced 265 barrels of oil a day over the past seven days and more than 500,000 cubic feet of gas, Egdon said. At 1425 GMT, shares +4.5 pence, or 34%, at 17.75 pence. VECTURA GROUP PLC (VEC.LN), a pharmaceutical company, said Chairman Jack Cashman bought 345,666 shares in the company through his pension fund, taking his shareholding to 0.24% of the company. The dealings follow the purchase of more than half a million Vectura shares by directors since March 18, including Chief Executive Chris Blackwell and Chief Financial Officer Anne Hyland At 1425 GMT, shares +1 pence, or 2.4%, at 42.5 pence. MAJESTIC WINE PLC (MJW.LN), a U.K. wine warehouse chain, said it expects to open 12 new stores this fiscal year, doubling the number it opened in the year just gone. At 1425 GMT, shares +19.5 pence, or 7.2%, at 292 pence. OXFORD BIOMEDICA PLC (OXB.LN), a biotechnology company, said two patients in a three-patient study of its experimental Parkinson's disease medicine ProSavin demonstrated a 30% improvement in motor function two years after getting treatment. The results of the two-year follow-up study justify ProSavin's continued development and further human trials, Oxford BioMedica said. Talks with potential partners for ProSavin are ongoing, the company added. At 1424 GMT, shares -0.15 pence, or 1.5%, at 9.85 pence. CHAUCER HOLDINGS PLC (CHU.LN), a Lloyd's of London insurer, said one of its insurance syndicates has formed an energy alliance in Latin America to provide control of well coverage for land-based drilling and producing wells for oil and gas operations in the region. At 1424 GMT, shares flat at 44 pence. PLANT IMPACT PLC (PIM.LN) reported a narrower fiscal-year loss after license payments boosted revenue, and said it is seeking new deals. The company, which develops products designed to enhance crop yields and kill pests, said it is promoting its products to food producers and government agencies in an effort to grow sales but cautioned the agriculture industry is slow to change. At 1424 GMT, shares -0.5 pence, or 2.6%, at 19 pence. SUPERGROUP PLC (SGP.LN), a fashion retailer, said it has signed a franchise deal to open 13 stores in the United Arab Emirates during the next three years. The firm, owner of the SuperDry fashion label, said it has signed the franchise deal with Dubai-based Al Khayyat Investments LLC. At 1423 GMT, shares flat at 670 pence. PHYTOPHARM PLC (PYM.LN) said the U.S. Food and Drug Administration has given it approval to begin the phase II clinical trial of its experimental Parkinson's disease treatment Cogane. Phytopharm said the study will investigate the efficacy and safety of Cogane when it is administered for 28 weeks to patients with early stage Parkinson's disease. At 1423 GMT, shares +0.88 pence, or 10%, at 9.63 pence. DAIRY CREST GROUP PLC (DCG.LN), a U.K. dairy company, said it has reduced its stake in Wexford Creamery Ltd. to 30% from 80% as it looks to focus on its key brands, reduce its exposure to volatile commodity markets and pay down its debt. At 1423 GMT, shares +3.2 pence, or 0.8%, at 400.2 pence. KEWILL PLC (KWL.LN), a logistics software company, said it has acquired a Benelux-based software firm, Minihousel, for up to EUR20 million in cash. At 1422 GMT, shares -2.25 pence, or 1.8%, at 122 pence. RENEWABLE ENERGY GENERATION LTD. (WIND.LN) said it has bought a 4.96 megawatt wind farm from E.ON Climate and Renewables UK Operations Ltd. for up to GBP4 million in cash. At 1422 GMT, shares flat at 52.5 pence. AKERS BIOSCIENCES INC. (AKR.LN), a diagnostic company, said it it signed up Thermo Fisher Scientific Inc. (TMO) as its second U.S. distributor for a test designed to help doctors spot patients who might have a potentially lethal allergic reaction to the blood thinner heparin. At 1422 GMT, shares +1.25 pence, or 12%, at 11.75 pence. STANELCO PLC (SEO.LN) said it got a 71.2% take-up to its open offer of shares in its bid to raise GBP3.5 million to develop its bioplastics business. At 1422 GMT, shares flat at 0.13 pence. CINEWORLD GROUP PLC (CINE.LN) said it is partnering with a digital cinema technology firm to roll out digital projection facilities across all its U.K. screens. At 1421 GMT, shares flat at 178.5 pence. NYOTA MINERALS LTD (NYO.LN), an Africa-focused gold and nickel explorer, said it has completed a GBP3.44 million placement of new shares to International Finance Corp. At 1421 GMT, shares -0.5 pence, or 3.1%, at 15.75 pence. AFRICAN CONSOLIDATED RESOURCES PLC (AFCR.LN) said it has signed a memorandum of understanding to develop its Pickstone Peerless gold mine with a group of mining experts. At 1421 GMT, shares +0.38 pence, or 4%, at 9.75 pence. DJ UK Smaller Cos +0.41% AIM +0.35% -By Rachael Gormley, Jason Douglas & Hannah Benjamin, Dow Jones Newswires; +44 (0) 20 7842 9272; uksmallcaps@dowjones.com (END) Dow Jones Newswires June 14, 2010 11:00 ET (15:00 GMT)
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