Today's market overview
• Power systems developer
is to supply engines for the US Marine Corps and Air Force V-22 aircraft.
• Brewing giant
has announced a raft of senior management changes as its Chairman, Meyer Kahn, retires after 46 years with the firm.
• Pharmaceuticals giant
has announced that it has agreed to acquired California-based biotechnology company Ardea Biosciences, whose lead product 'Lesinurad' (RDEA594) is currently in Phase III development as a potential treatment for the chronic management of hyperuricaemia in patients with gout.
has finally struck a deal to buy
Cable & Wireless Worldwide
in a deal worth just over one billion pounds (IC COMMENT).
• Transport group
said current trading remains good and it expects to at least maintain operating profit levels in the year to 30 April 2013.
, the FTSE 100 real estate investment trust, is to reduce its exposure to the health club racket with the sale of five of clubs in the Virgin Active estate.
• Investors were tucking away shares of
after the storage facilities provider racked up record turnover and adjusted earnings at the interim stage (IC COMMENT).
• Pub chain owner
said it saw strong trading momentum continue through the final quarter, helped by the launch of new spring menus.
• Pharmaceuticals group
says Varisolve, a new treatment for varicose veins, has been successful in VANISH-1, the second and final phase III trial in the US.
• Speech recognition company
said it continues to experience significant growth across its operations and expects results for the year ended 31 March 2012 to be in line with market expectations.
, the UK subsidiary of French utility GDF SUEZ, is to expand its jointly-owned Tihama power production sites in Saudi Arabia after winning a contract extension through to 2026 from oil company Saudi Aramco.
Imagination Technologies Group
, the system-on-chip intellectual property developer, has signed a licence agreement with US mobile technologies giant Qualcomm.
• Shares in machine gun maker
plummeted on Monday after the company said it had failed to confirm an eight million pound contract.
• Oil and gas explorer
Borders & Southern
said it made a significant discovery of gas condensate off the coast of the Falkland Islands.
Aurelian Oil & Gas
said 2011 had been overshadowed by operational difficulties and poor results at its Siekierki gas field in Poland.
• Printing technology group
Domino Printing Sciences
has been awarded the Queen's Award for Continuous Achievement in International Trade, in recognition of its long record of exports growth.
• British natural gas producer,
, says production has started at its part-owned Greater Bongkot South field in the Gulf of Thailand.
, the developer of cannabis-based medicinal products, has released a puff piece about a favourable review of its Sativex product in a US medical journal.
, which invests in the commercialisation of technology, kept piling cash into new ventures despite profits falling in the first half.
Ncondezi Coal Co
mpany posted big losses in 2011 but said it expects significant developments this year.
• Robert Murphy, a member of the defence group
' Executive Committee, is to leave the company to take up the Chief Executive Officer role at sector peer
• Satellite communications services provider
has unveiled the first 12 members of the global network of dealers it is building for its XpressLink broadband service.
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