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Company News

Thursday preview: Diageo, online gaming, Premier Foods, Cattles
Wednesday 27 Aug 2008
Diageo is due to publish full year results tomorrow. The drinks giant saw organic net sales growth of 7% over the nine months to 31 March, which was good enough to persuade the company to maintain guidance for 9% organic operating profit growth for the full year.
Glanbia lifts profits, awaits costs rise impact
Wednesday 27 Aug 2008
Irish dairy products group Glanbia reported a sharp rise in first half revenues and profits, but said higher input costs would impact results in the second half.
Axis-Shield says outlook remains positive
Wednesday 27 Aug 2008
In-vitro diagnostics firm Axis-Shield said it has produced another good trading performance during the half-year, adding that its outlook remains “very positive.”
UK & Ireland restrict Kingspan
Wednesday 27 Aug 2008
Irish building products company Kingspan saw weak demand from the UK and Ireland hit performance in the first half.
Circle Oil's ONZ4 to start production next month
Wednesday 27 Aug 2008
Circle Oil has completed the acquisition of a 60% interest in the Oulad N'Zala permit in the Rharb Basin, Morocco and plans to start production next month.
Highway Insurance in bid talks
Wednesday 27 Aug 2008
Highway Insurance is in advanced talks about a possible bid for the motor insurer, it admitted today following a surge in its share price.
FBD cautions on rainy weather
Wednesday 27 Aug 2008
Lower premiums and poor investment returns sent Irish underwriter FBD into the red in the first half of 2008, with the appalling weather in Ireland recently to hit the full year as well.
Severfield -Rowen looks forward to 2012
Wednesday 27 Aug 2008
Shares in Severfield-Rowen fell back despite the structural steel supplier issuing a bullish update on prospects alongside rises in sales, profits and the dividend in the first half of 2008.
Underlying revenues rise at Independent News
Wednesday 27 Aug 2008
Adverse currency movements prevented Independent News and Media from declaring an increase in revenues in “challenging advertising markets” in the first .
Vitec boosted by Olympics
Wednesday 27 Aug 2008
Supplying broadcasts systems to the Beijing Olympics helped Vitec see strong underlying profits growth in the first half of 2008.
Moneysupermarket.com expects slower second half
Wednesday 27 Aug 2008
Price comparison site Moneysupermarket.com saw half-year profits surge and announced a maiden interim dividend but warned second half revenue growth will be slower than the first half.
Micap suspended on financial woes
Wednesday 27 Aug 2008
Natural food ingredients business Micap said it has requested the temporary suspension of its shares pending clarification of its current financial position.
TrakM8 loses way as sales slow
Wednesday 27 Aug 2008
Fleet management software group Trakm8 slumped into a loss last year as sales slowed and a decline in the euro made orders harder to get.
Adecco must decide Michael Page bid by 30 Sept
Wednesday 27 Aug 2008
Swiss HR giant Adecco has been given until 5pm on 30 September to either announce a firm intention to make an offer for Michael Page or back off.
Hargreaves Lansdown pays special divi as profits soar
Wednesday 27 Aug 2008
Assets under administration increased by 9% in the year to end-June at investment manager Hargreaves Lansdown, despite a 16% fall in the FTSE All Share during the period.
Safestore expects tough fourth quarter
Wednesday 27 Aug 2008
Lock-up storage group Safestore has warned it faces a tough three months to the end of its year as the UK economic situation deteriorates.
Write-downs send Segro into red
Wednesday 27 Aug 2008
Commercial property group Segro slumped into a first half loss as the problems in the property market prompted it to write off 11.5% from the value of its portfolio.
Serco beefs up US presence
Wednesday 27 Aug 2008
Support services group Serco has beefed up its presence in the US with the acquisition of SI International, a specialist contractor to the US government, for $423m.
"Rather poor result" for Guinness Peat
Wednesday 27 Aug 2008
The chairman of investment group Guinness Peat confessed the firm produced “a rather poor result” for the first half of 2008.
Sagex takes 20% stake in Genesis licence
Wednesday 27 Aug 2008
North Sea-focused oil and gas company Genesis Petroleum has secured a partner for the development of its UKCS Block 9/5b.

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