April 2012

Wood Group (LSE:WG.) announced this morning that it has been awarded an engineering and procurement support contract for the world’s largest semi-submersible central processing platform. The Contract The contract was awarded to Wood Group’s Mustang subsidiary by Samsung Heavy Industries. The processing plant, weighing in at 70,000 tonnes with a deck measuring 156 metres by […]

Cobham (LSE:COB) announced this morning that it had secured a $39 million contract with the US Navy. The announcement did not seem to affect Cobham’s share price on the LSE, as it remained fairly steady at 227.90. However, the stock has shown a gain of 26% since in the first 4 months of 2012. The […]

The world’s largest bookseller Barnes & Noble (NYSE:BKS) joined software giant Microsoft in a partnership that will “accelerate the transition to e-reading”valued at US$1.7 billion, the NYSE-listed company announced Monday, April 30th. Microsoft was reported to invest US$300 million for a 17.6% stake in the joint venture with the rest of the 82.4% to be held by Barnes & Noble […]

Stagecoach Group plc (LSE:SGC) marked history in the British rail industry by entering into an agreement with Network Rail Infrastructure Limited to provide rail services in the south and southwest of England, as disclosed Monday, 30th April. This is the company’s second collaboration with Network Rail, as both companies operate the Wessex Integrated Control Centre […]

Digital media group Perform (LSE:PER) seeks to attract potential subscribers by streaming more than 50 digital sports channels to about 845 million subscribers of Facebook (NASDAQ:FB), the company announced Friday, April 27th. Perform launched LIVESPORT.TV, the company’s live, on-demand video portal of leading sports competitions, on Facebook today to allow people to connect and “watch […]

Xstrata (LSE:XTA) is making news on several fronts today. With the news of a potential merger with Glencore International already on the table, significant developments are happening involving Canadian operations and Middle Eastern investors. With these stories breaking around midday, there has been little time for market reaction. Nonetheless, XTA shares were up 11.50p to […]

Whitbread plc (LSE:WTB), holding company of some United Kingdom’s popular brands in the hospitality market, boasted £1.7 billion in revenues for 2011, a leap of 11.2% compared to 2010. “Whitbread has delivered another good set of results,” said Whitbread Chairman, Anthony Habgood while noting down increase in full year earnings and a 15% increase in dividends. “Our focus on building strong...

AstraZeneca’s (LSE:AZN) Chief Executive David Brennan declared his retirement on the same day the pharmaceutical giant released its first quarter results for 2012, showing a 11% decline in revenue. AstraZeneca was down £943 million in revenue, reaching only £7.349 billion due to the “loss of exclusivity on several brands, together with the challenging market conditions” […]

ZOO Digital Group (LSE:ZOO) released a trading update today in advance of its reporting of final figures for the year ending March 31st. Share prices on the LSE were up over 20% by early afternoon. Report Highlights Total sales for the year are expected to be $11.2 million. Operating profits of $0.2 million (£125,000) in […]

British multi-media giant Virgin Media said first quarter revenues were in line with company forecast at £1 billion, up 2.4% from the same period. It is being backed by growth in the different business segments, enabling them to post a net income £4 million higher than the previous figure to £7 million. Financial Highlights The […]