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Company News

Aricom in talks with Peter Hambro
Friday 09 Jan 2009
Shares in Aricom are up more than 50% after the Anglo-Russian developer of mineral resources confirmed it is in early stage takeover talks with gold miner Peter Hambro.
BP finalises TNK-BP deal
Friday 09 Jan 2009
Oil explorer BP said a deal agreed in principle last September to revise the shareholder agreement with its Russian partners in TNK-BP has now been finalised.
Ross in the clear as FSA clarifies rules
Friday 09 Jan 2009
David Ross, who stepped down as a director at Carphone Warehouse in December after admitting using a 15% stake to secure personal loans, will not face any action from the FSA after the city watchdog admitted its rules are unclear.
Finance boss to leave Northern Rock
Friday 09 Jan 2009
Northern Rock’s chief financial officer Ann Godbehere will leave the state-owned bank next month, having pocketed almost £1m during her time at there.
Psion appoints new FD
Friday 09 Jan 2009
Mobile computer software firm Psion has appointed Fraser Park as chief financial officer with immediate effect.
New Issues Round Up
Friday 09 Jan 2009
With equity and money markets still highly volatile, the dearth of IPOs has continued into the new year, though the trend of companies leaving AIM looks to continue in 2009.
Hydrogen sees full year in line
Friday 09 Jan 2009
Recruitment firm Hydrogen Group is confident that full-year pre-tax profits will be in line with market expectations.
Advent Capital to incur losses
Friday 09 Jan 2009
Lloyd’s insurer Advent Capital said it will incur a loss for the year due to an increase in estimated losses from Hurricane Ike.
OCZ slumps on gloomy outlook
Friday 09 Jan 2009
Shares in computer components group OCZ fell sharply after it said discounting over the holiday season and other factors will result in an operating loss in the year to 2009.
Novera FY revenue to rise 3%
Friday 09 Jan 2009
Renewable energy firm Novera Energy expects revenue to have risen by 3% in 2008 thanks to the increase in the price received for production through long-term contracts.
TEG sees slower growth in 2009
Friday 09 Jan 2009
Composter TEG said 2008 revenues were in line with expectations, but reduced its 2009 growth expectations after difficulties obtaining finance delayed two private sector projects.
Avacta bids for Curidium
Friday 09 Jan 2009
Curidium Medical is today recommending a £6.2m all share offer for the group from detection and analysis technology company Avacta.
Downturn hits Real Hotel Group
Friday 09 Jan 2009
Real Hotel Group, the company behind the budget chain purplehotel, reported a 20% fall in revenue from continuing operations in the final 13 weeks of 2008, as individuals and companies scaled back amid tough conditions.
Centaur trading turns down further
Friday 09 Jan 2009
Business publisher Centaur's trading conditions worsened in November and December, though cost cutting will help it meet targets this half.
Uniq sales suffer in Q4
Friday 09 Jan 2009
Uniq has increased and extended its banking facilities as fourth quarter sales dropped 3.8%, although the convenience food group says operating result expectations for the year remain unchanged.
Lombard Medical raises £6.1m
Friday 09 Jan 2009
Vascular stent maker Lombard Medical has raised £6.1m through a placing and is launching an open offer to raise further £2.2m.
Marshalls flags revenue slip
Friday 09 Jan 2009
Revenue fell 6% at paving blocks and tiles supplier Marshalls in 2008 as sales to the domestic market tumbled, although underlying full year trading results are seen in line with expectations.
Bovis scraps dividend and axes 60% of staff
Friday 09 Jan 2009
Housebuilder Bovis has scrapped it final dividend and cut 60% of its staff after sales volumes dropped 40% last year, though it expects profit before exceptional charges and tax for the 2008 financial year to meet its expectations.
Eidos warns as new Tomb Raider disappoints
Friday 09 Jan 2009
Computer games maker Eidos has revised down its revenue forecasts and cautioned it may need to renegotiate bank finances after disappointing sales of its new Lara Croft game, Tomb Raider: Underworld.
Mixed outlook for Johnson Service
Friday 09 Jan 2009
Drycleaner and work wear provider Johnson Service Group said it is trading satisfactorily in tough conditions, albeit with variations across and within different divisions.

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