Golnar's Feed
Dec 17, 2010

Tribal receives offer approach, shares climb

LONDON, Dec 17 (Reuters) – British government outsourcing
and consultancy firm Tribal Plc (TRBG.L: Quote, Profile, Research, Stock Buzz) has been approached
about a possible offer, it said on Friday a month after previous
offer talks broke down, sending its shares up some 17 percent.

In a brief statement which it said responded to recent press
speculation, Tribal confirmed it had been approached about a
possible offer but said there was no certainty a bit would be
made.

Dec 15, 2010

Virgin Atlantic receives several tie-up offers

LONDON, Dec 15 (Reuters) – British airline Virgin Atlantic
[VA.UL] on Wednesday said it had received several “lines of
enquiry” about tie-ups with rival carriers after it hired
Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) to assess the aviation market.

“Following Deutsche Bank’s recent appointment, we have
received a number of lines of enquiry but it is far too early to
comment on individual details,” Virgin said in a statement.

Nov 23, 2010

De La Rue warns of losing top customer

LONDON, Nov 23 (Reuters) – Bank note printer De La Rue
(DLAR.L: Quote, Profile, Research, Stock Buzz) warned on Tuesday it might lose a top customer after
shedding nearly a fifth of revenue and halving profit in the
first half because of faulty paper production.

The 35 million pound cost of suspending production at one of
its plants was in line with a September profit warning and the
firm said it would resolve the issue through management
appointments, a focus on paper quality and engaging its
customers.

Nov 16, 2010

Rexam H2 trading in line, banks on S. America

LONDON, Nov 16 (Reuters) – Rexam (REX.L: Quote, Profile, Research, Stock Buzz), Europe’s largest
drinks can maker, said it expected second-half results in line
with its expectations, with strong growth in South America
countering weaker sales in Europe and North America.

Rexam, which makes cans for Carlsberg (CARLb.CO: Quote, Profile, Research, Stock Buzz) and
Austria-based Red Bull, said its beverage cans and plastic
packaging businesses performed as it expected in the period from
July 1 and it would focus on investing in South America.

Nov 12, 2010

Electrocomponents tops forecasts, shares at 3-yr high

LONDON, Nov 12 (Reuters) – British electronics supplier
Electrocomponents Plc (ECM.L: Quote, Profile, Research, Stock Buzz) more than doubled pretax profit in
the first half, boosted by online sales and cost control, and
said on Friday full-year results will be better than
anticipated.

Its shares jumped to a three-year high of 279.5 pence and
were up 6.3 percent at 263 pence by 0912 GMT, making it the top
gainer on the FTSE 250 index of mid-sized British companies
.FTMC, which was down 1.1 percent.

Nov 11, 2010

Mouchel wins delayed Bournemouth deal, shares up

LONDON, Nov 11 (Reuters) – British local authority
Bournemouth Council has awarded outsourcing firm Mouchel
(MCHL.L: Quote, Profile, Research, Stock Buzz) a 10-year, 150 million pound ($242 million), contract
to provide IT services and facilities management.

“Full council approved the award of an Incremental
Partnership Contract to Mouchel, for an initial period of 10
years, with a proposed contract start date of 1 December 2010,”
Bournemouth council said in a statement emailed to Reuters.

Nov 10, 2010

SSE ups interim dividend, delays gas storage plan

LONDON, Nov 10 (Reuters) – Scottish & Southern Energy
(SSE.L: Quote, Profile, Research, Stock Buzz), one of Britain’s biggest utilities, reported better
than expected first-half profits on Wednesday and raised its
interim dividend, causing a jump in the share price.

SSE said high wholesale gas prices and low renewable energy
output led to a 6.1 percent decline in adjusted first-half
pretax profit of 386 million pounds ($616 million), better than
the average market forecast of 361 million pounds according to
Thomson Reuters I/B/E/S Estimates.

Nov 8, 2010

UK housing repairs firm Rok calls in administrator

LONDON, Nov 8 (Reuters) – British building and social
housing repairs firm Rok Plc (ROK.L: Quote, Profile, Research, Stock Buzz) is to go into
administration and trading in its shares has been suspended, it
said on Monday.

Auditing firm PricewaterhouseCoopers [PWC.UL], which had
been working with Rok’s banks ahead of loan refinancing talks,
is set to be drafted in as the administrator later on Monday, a
person close to the situation said.

Nov 3, 2010

UK government cuts take toll on Eaga, shares dive

LONDON, Nov 3 (Reuters) – British energy-saving scheme
operator Eaga Plc (EAGA.L: Quote, Profile, Research, Stock Buzz) said it would have to restructure to
cope with a 70 percent slash in government funding for a major
programme, sending its shares plummeting to a two-year low.

Last month the British government said it would phase out
the Warm Front programme, which is run by Eaga and gives grants
to low-income households so that energy-saving improvements can
be carried out on their properties. [ID:nLDE69J0G8]

Oct 28, 2010

Mouchel hit by government cuts, shares slump

LONDON (Reuters) – Outsourcing and consulting firm Mouchel Plc (MCHL.L: Quote, Profile, Research) slumped to a full-year loss and warned of an uncertain outlook due to government austerity measures, wiping more than a quarter off its stock market value.

Mouchel, which helps the government maintain highways and provides consultancy to local authorities, had already this month warned its full-year results would not meet analyst expectations.

    • About Golnar

      "I'm a Reuters correspondent based in London, my home town, focused on covering British companies. Prior to this I was based in Reuters' Kabul bureau in Afghanistan where I wrote about the war, Afghan politics, women's rights and diplomacy."
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