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April 2012

Wood Group To Engineer World's Largest Semi-Submersible Platform

30 Apr 2012 @ 17:24
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 132 metres, will sit...
 

Cobham Continues to Collect Contracts

30 Apr 2012 @ 17:13
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 Contract The contract represents the US military’s exercising of an option to extend a previously...
 

Barnes & Noble Expands Digital Offering with Microsoft

30 Apr 2012 @ 14:18
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 in a...
 

Stagecoach Inks First Alliance in UK Rail History

30 Apr 2012 @ 12:32
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 at London Waterloo...
 

Perform Group Streams Premium Sports Channels via Facebook

27 Apr 2012 @ 16:07
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 premium...
 

Xstrata News Has Mixed Reviews

27 Apr 2012 @ 15:32
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 1,206.00p. The News...
 

Whitbread Posts £1.7bn Annual Revenue

26 Apr 2012 @ 16:26
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 CEO Retires as Profits Dip in Q1

26 Apr 2012 @ 14:47
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” that “made for a...
 

ZOO Digital Roars Like a Lion in Latest Reporting Figures

26 Apr 2012 @ 14:36
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 the second half compared to a loss of $0.4 million (£247,000) in the...
 

Virgin Media Achieves First £1B Revenues in Q1

25 Apr 2012 @ 17:30
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 company that brought IPTV in the United Kingdom now holds 18% of...
 
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