Share Name Share Symbol Market Type Share ISIN Share Description
Total Produce Plc LSE:TOT London Ordinary Share IE00B1HDWM43 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 165.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 4,535.1 62.8 8.4 20.8 640

Total Produce Share Discussion Threads

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Total denies receiving summons from SEC regarding Iran PARIS (AFX) - French oil group Total denied claims it had received a summons from US authority to explain its activities in Iran. Earlier today, French business daily La Tribune reported on its website that Total had received a summons on March 29 from the US Securities and Exchange Commission (SEC), which wanted to question the group on its business activities in Iran. Contacted by Agence France-Presse, a spokesman for Total said "Neither Total nor any of its managers have received a summons from the SEC or from the Department of Justice." The spokesman also said that Total had indicated in its 2004 annual report that the SEC was conducting an investigation into all oil groups operating in Iran, including Total. In March, Total confirmed that its chief executive Christophe de Margerie has been formally charged as part of an investigation into alleged corruption in a gas contract in Iran. vicky.buffery@thomson.com afp/vb/amb
FRom THe Irish Independant Total 'to double' in five years Friday March 30th 2007 TOTAL Produce, the fresh fruit arm which has been spun off from Fyffes at the end of last year yesterday said that it plans to double the size of its business within the next five years. Headed by Carl McCann, Total Produce also produced its first set of full year figures which show that basic earnings per share were 5.7c and that fully diluted earnings per share came in at 2c, compared to 3.78c the previous year. Mr McCann said the strategy is to expand the business organically and by acquisitions, joint ventures and alliances. Acquisitions "The group, through its banking facilities and stock market quotation, has the resources to grow substantially by medium and large scale acquisitions. "The ambition is to double turnover over the next five years," he said. Analysts said that as the figures had been included in those released last week for Fyffes, there were no surprises. Goodbody Stockbrokers analyst Liam Igoe said that based on the basic earnings per share of 5.7c, he is predicting a target earnings per share of 6c next year. He expects a dividend payout ratio of between 25pc and 30pc of that. Fyffes said it envisages a likely dividend payment of between 1.5c and 1.75c in respect of 2007 "subject to operating cash flows, capital and acquisition commitments." Trading He said the target is for earnings growth in the current year was in the "mid-single digit range", and that trading in the first two months of the year has been in line with expectations.
Friday, March 30, 2007. Issue 3626. Page 5. Total Fined Over Safety Violations Bloomberg French oil major Total has received a fine of 30,000 rubles ($1,150) for ignoring safety violations at its Kharyaga project. Environmental regulators are seeking to revoke its license in a separate audit. Total's Russian unit failed to plan how to use petroleum gas pumped from the oil field, gain permits to work with explosive substances or provide proof of two managers' qualifications, the industrial safety agency said in a statement Thursday. The fine was the maximum possible. The managers must be suspended until they prove they are sufficiently qualified to work at "dangerous" sites, the agency said. Environmental regulators from the Natural Resources Ministry called on the government to revoke Total's license to Kharyaga for producing less than one-third of the oil required under its license and burning off, or flaring, most of its petroleum gas. The regulators finished their inspection Wednesday, said Oleg Mitvol, deputy head of the service. Total received preliminary results last week, spokesman Paul Floren said Thursday. He was not immediately able to comment on the final audit. Kharyaga is Total's only major project in Russia. Rosneft denied Total a stake in the Vankor field last year and Novatek, the country's second-largest natural gas producer, decided against selling shares to the oil major in 2005. Total is in talks to join Gazprom's Shtokman gas project in the Arctic. http://www.themoscowtimes.com/stories/2007/03/30/042.html
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The 2007 financial calendar is presented below : 2007 Event April 4 Individual shareholders' Meeting in Lille May 4 First Quarter 2007 Results May 11 2007 Annual Meeting of Shareholders June 6 Individual shareholders' Meeting in Metz August 2 Second Quarter & First Half 2007 Results September 5 2007 Mid-Year Review October 16 Individual shareholders' Meeting in Tours November 7 Third Quarter 2007 Results November 16 & 17 Actionaria Investor Fair in Paris November 27 Individual shareholders' Meeting in Grenoble http://www.total.com/en/finance/finance_calendar
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Bribery accusations follow new Total chief By Craig S. Smith Monday, March 26, 2007 PARIS: It was not the most auspicious of starts for Christophe de Margerie, the new chief executive of Total. Last week, de Margerie, who is of aristocratic lineage and an heir to the Tattinger Champagne empire, was formally placed under investigation on suspicion of paying bribes to win a huge gas project in Iran. He was held overnight Wednesday before being released Thursday after additional questioning at the Palace of Justice here. Total, the biggest corporation in France and one of the world's largest energy companies, insists that its chief executive is innocent and that the company abided by all "applicable law" in winning the Iranian gas concession. But that is not necessarily saying much because bribes paid abroad were tax deductible in France until 1997 and not totally outlawed until 2000. "Unfortunately, this sort of corruption has become an epidemic in Africa and the Middle East," said Nicolas Sarkis, director of the Arab Center for Petroleum Studies in Paris. The story started in 1971 when Qatar discovered the world's largest gas field deep beneath the seas of the Gulf. Political instability kept Iran from exploring its own waters until the late 1980s when it found that the gas field extended into its territory, too. Iran laid out a multiphase development plan for its share of the gas field, which it known as South Pars, or South Persia. Iran's national oil company embarked on the first phase, but the others phases have gradually been contracted to foreigners. The alleged bribes concern phases 2 and 3, which were awarded to Total in 1997. It has since invested $2 billion in the project with its partners, Gazprom of Russia and Petronas of Malaysia, building two offshore drilling platforms that are linked by more than 160 kilometers, or 100 miles, of pipeline to a vast processing complex in the desert near Asalouyeh, Iran. It is one of the largest natural gas projects in the Middle East. With a lack of oil in France, the company has built its business chasing development projects in remote corners of the world, from deep off the Angolan coast or in Nigerian mangrove swamps, to the scorching Libyan desert or below the rough North Sea. Total now conducts exploration and production operations in 44 countries. The aggressive, far-reaching strategy has paid off. Its success at finding hydrocarbons nearly doubled the company's reserves between 2004 and 2006. Today, Total is the world's fastest-growing major oil company and estimates that its oil and gas output will increase 5 percent a year through 2010. It is the top foreign oil producer in Africa and the one of the biggest in the Middle East. It is also the second-biggest producer, after Shell, of liquefied natural gas. "A lot of the oil majors actually are going to have to move towards Total's model rather than the other way around as they replace volumes from the United States and the North Sea," said Jon Rigby, an oil analyst with UBS in London. "Total already has built a significantly differently shaped portfolio to the other majors." The foray into Iran was the work of de Margerie, who was in charge of Total's business in the Middle East in the 1990s. At the time, he was looking for ways to tap into the giant energy reserves of Iran and Iraq - both of which had been neglected after years of war and sanctions. Despite the political difficulties and hazardous environment, the countries were hard to ignore for oil executives: together, they hold more than 20 percent of the world's proven oil reserves. A bankrupt Iran was anxious to develop its energy sector and attract foreign investors to its oil and gas industry, which was in tatters after the war against Iraq. Initially, Iran turned to Conoco, a U.S. company, but its overture was vetoed by then-President Bill Clinton, under pressure from the U.S. Congress. This opened the door to European companies, including Total. But big business in parts of the Middle East is notoriously corrupt and the oil industry has a reputation for playing along with the game. There was little surprise within the industry, therefore, when allegations of bribery involving the South Pars concessions first surfaced in 2003. In that case, officials at Norway's big oil company, Statoil, said that they agreed to pay more than $15 million in "consulting fees" to Mehdi Hashemi Rafsanjani, one of the five children of the former Iranian president, Ayatollah Ali Akbar Hashemi Rafsanjani, in order to win contracts to develop the offshore platforms in phases 6, 7 and 8 of South Pars. After the company had paid $5.2 million on the contract, the deal was leaked to the press, eventually forcing the resignations of the Statoil chairman and chief executive, Leif Terje Loeddesoel and Olav Fjell. Late last year, the company paid $21 million in fines to the U.S. Department of Justice and Securities and Exchange Commission to settle the case. Statoil is subject to U.S. law because its shares are listed on the New York Stock Exchange. During the Norwegian investigation, Statoil executives said the fees paid to Rafsanjani were based on a contract that he said had been used with other multinational oil companies, suggesting that Statoil was not alone. In December 2004, Swiss police were notified that 9.5 million Swiss francs, or $7.8 million, had been transferred to an account opened under the name Siakal at the Geneva branch of the Swiss bank Lombard Odier Darier Hentsch. The account was controlled by an Iranian living in Switzerland named Bijan Dadfar, who the French media have since reported was an employee of the younger Rafsanjani. Swiss authorities in Lausanne began a money laundering investigation and investigators traced the money back to Total, according to people familiar with the investigation, and discovered that the company had deposited tens of millions of Swiss francs into the account from 1999 to 2003. In December last year the prosecutor in Lausanne, Switzerland, Patrick Lamon, responded to requests for information on the case from French investigative magistrate Philippe Courroye, who had already questioned de Margerie in a separate matter. In October, Courroye held de Margerie for two days in an investigation about the United Nations' oil-for-food program in Iraq, used by Saddam Hussein to skim billions of dollars in illegal fees. The information that Lamon sent Courroye triggered the new French investigation. Despite the cloud hanging over de Margerie, who is nicknamed "big moustache," Total named him chief executive Feb. 13. Last week, he was finally summoned by police and spent Wednesday night in custody before being transferred to Courroye's office for questioning. The head of Total's gas affiliate, Philippe Boisseau; the executive formerly responsible to the Pars South project, Michel Naylies; and another executive of the group, Patrick Rambaud, were also questioned. Courroye later announced that he was placing de Margerie under formal investigation, one step short of indictment. But people at Total note that such investigations often remain open for years until they are forgotten and then quietly closed. The company issued a statement last week expressing its confidence that this one will eventually show that it did not engage in any illegal activities and saying that it "adheres to a strict code of conduct regardless of the difficulties linked to its activities and the environments in which it operates." But the investigation has not helped the image of Total, already besmirched by a corruption scandal at Elf, a company that is now merged into Total, and an ongoing trial over the 1999 sinking of the oil tanker Erika, which led to the worst environmental disaster in French history. Meanwhile, de Margerie's double bet in Iraq and Iran has largely unraveled. The war in Iraq means it will take many more years before the country's huge reserves are developed and, even then, U.S. companies are likely to be in better shape to step in than the French oil giant. http://www.iht.com/bin/print.php?id=5034429
European Commodity Stocks Climb; Volkswagen, Barclays Decline By Andreas Hippin March 26 (Bloomberg) -- European commodity stocks advanced, led by Royal Dutch Shell Plc, Total SA and BHP Billiton, as prices of oil and metals gained. Benchmarks in the region were little changed. Volkswagen AG fell after Porsche AG raised its stake in the region's largest carmaker for less than the market value of the shares. George Wimpey Plc and Taylor Woodrow Plc surged after the companies said they planned to merge to create Britain's biggest homebuilder in an all-stock deal. The Dow Jones Stoxx 600 Index dropped less than 0.1 percent to 375.88 as of 9:11 a.m. in London. The Stoxx 50 and the Euro Stoxx 50, a measure for the 13 nations sharing the euro, both declined 0.2 percent. European stocks posted the biggest gain in four years last week as takeover speculation intensified in the auto, utility and media industries. ``The market is taking a breather after an extremely strong week,'' said Carsten Klude, who helps manage the equivalent of $20 billion as head of investment strategies at M.M. Warburg & Co. in Hamburg. ``The positive environment for stocks hasn't changed. Valuations are still reasonable.'' National benchmarks fell in eight of the 18 western European markets. The U.K.'s FTSE 100, France's CAC 40 and Germany's DAX all slid 0.1 percent. Shell, the region's biggest oil company by market value, rose 0.8 percent to 1,689 pence. Total, Europe's largest refiner, gained 0.9 percent to 52.15 euros. Oil, Copper Gain Crude oil rose to the highest in three months as Iran's detention of 15 British sailors and the UN's decision to tighten sanctions against the country heightened concern that Middle East supplies may be disrupted. Oil for May delivery climbed as much as 61 cents, or 1 percent, to $62.89 a barrel in after-hours electronic trading on the New York Mercantile Exchange, the highest since Dec. 26. It was at $62.85 at 3.33 p.m. in Singapore. http://www.bloomberg.com/apps/news?pid=20601087&sid=a7eHTzA96yhw&refer=home
Total S.A Judicial Interviews Completed RNS Number:5768T Total S.A. 23 March 2007 South Pars Iran : Judicial interviews of Total employees completed Paris, March 22, 2007 - Total confirms that the interviews of Robert Castaigne, Chief Financial Officer of Total and Philippe Boisseau, Executive Vice President Gas & Power, with investigators of the French financial police (BRDE) were completed in the evening of March 21, 2007. Neither has been charged with any offence. After being held for questioning, Mr. Christophe de Margerie, Chief Executive Officer of Total, has left the judge's office after being placed under formal investigation in proceedings related to a judicial investigation, initiated in December 2006. This investigation is related to the development of the South Pars project in Iran, for which Total entered into agreements with the National Iranian Oil Company (NIOC)in 1997. Once again, the Group expresses its full support for its employees and confirms that the agreements for the development of the South Pars project were entered into in compliance with applicable law. The Group is confident in its belief that the investigation will establish the absence of any illegal activities and reaffirms that Total adheres to a strict code of conduct regardless of the difficulties linked to its activities and the environments in which it operates. Total is one of the world's major oil and gas groups, with activities in more than 130 countries. Its 95,000 employees put their expertise to work in every part of the industry - exploration and production of oil and natural gas, refining and marketing, gas trading and electricity. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals. www.total.com This information is provided by RNS The company news service from the London Stock Exchange END MSCEAXDDADAXEEE
Total CEO charged in corruption probe over Iran gas contract PARIS (AFX) - Total confirmed last night that chief executive Christophe de Margerie has been formally charged as part of an investigation into alleged corruption in a gas contract in Iran. "At the end of his custody, Mr Christophe de Margerie left the office of the judge after being charged in relation to an investigation against persons unknown launched in December 2006 concerning the South Pars Industrial project in Iran, signed by Total in 1997 with NIOCC (National Iranian Oil Company)," the French group said in a press release. Total gave no further details of the specific charges but added that it is "confident that the courts will establish that no offences have been committed." The oil company also confirmed that financial director Robert Castaigne and Philippe Boiseau, head of the Gaz Electricite unit, were released from custody on Wednesday evening without being charged. Christophe de Margerie had remained in custody overnight from Wednesday to Thursday in order to be questioned further about his role in the Iranian gas contract as finance director for the Middle East at the time of the events. paris@afxnews.com gt/hjp
Russian watchdog says Total fails to fulfill licensing agreement 14:10 | 22/ 03/ 2007 MOSCOW, March 22 (RIA Novosti) - Russia's environmental and technological watchdog said France's Total oil company has failed to meet terms of a licensing agreement on a lucrative oil field in northern Russia. The regulator, which launched a second probe into Total's compliance with technological and environmental requirements at the Kharyaga oil field March 12, said the license could be revoked. "The Federal Service for the Oversight of Natural Resources has conducted a repeat check and established that Total has corrected none of the violations," said Sergei Fyodorov, who is in charge of geological development and mineral resources management in the Natural Resources Ministry. Late last year, the regulator initiated license revocation discussions on Kharyaga after discovering that the operator had failed to follow field development recommendations, including the gas drive recovery process, burning up 60% of the natural gas produced in 2005. "The company has violated the technical agreement and failed to meet production targets, and it does not properly dispose of gas but burns it off," Fyodorov said, adding that the materials of the inspection would be submitted to a commission for early license revocation. In April, the Natural Resources Ministry accused Total of failing to increase production of crude and introduce new technologies and equipment for effective production since the 1995 production-sharing agreement (PSA) came into force in 1999. Total owns a 50% stake in the project, alongside Norway's Hydro (40%) and Russia's Nenets Oil Company (10%). The Kharyaga field, with total reserves of 160.4 million metric tons, is one of three production-sharing agreements in Russia. The other two are Sakhalin I and Sakhalin II. This month, an inspection into alleged environmental violations will begin on the Sakhalin I oil and gas project off Russia's Pacific coast, operated by U.S. oil giant ExxonMobil. Months of pressure last year on another vast hydrocarbon project in the Far East, Sakhalin II, regarded by experts as the Kremlin's drive to regain control of the country's mineral resources, culminated in the purchase by state-controlled energy giant Gazprom of 50% plus one share in the project from Shell and other companies involved. Another hydrocarbon operator in Russia, TNK-BP, received a warning from Russian authorities in early February that it could be stripped of its license for the giant Kovykta natural gas deposit in East Siberia over failure to meet its obligations to supply nearby areas with gas. The Russian-British joint venture was given three months to rectify the situation. http://en.rian.ru/russia/20070322/62431109.html
Total CEO questioned by police in corruption probe - source PARIS (AFX) - Total SA chief executive Christophe de Margerie will today be questioned by French police from the financial department as part of an inquiry into suspected corruption in Iran and Cameroon, a source close to the matter said. The source, confirming a report in regional daily l'Est Republicain, told Agence France-Presse that police acting under the orders of investigating judge Philippe Courroye will question Margerie over suspected bribery over a gas contract in Iran. Nobody at Total was immediately available to comment. The paper said police have also summoned Total's finance director Robert Castaigne, personnel director Jean-Jacques Guilbaud and the head of its gas business, Philippe Boisseau. In December, sources close to the proceedings revealed that Margerie had been placed under investigation in a wide probe into suspected illegal commissions to gain preferential treatment for Total abroad. Courroye was brought in to investigate the affair in Aug 2002 after being approached by Tracfin, the French finance ministry's anti-corruption agency. During 2005, prosecutors started to investigate the possibility that the company had bypassed the oil embargo imposed by the UN on Saddam Hussein's Iraq. AFP's source also said police will question Margerie today over suspicions of bribery of public officials in Cameroon as part of a probe launched in January following a fresh alert by Tracfin. paris@afxnews.com afp/mrg/jfr
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Seems like 9.5% of the shares changed hands on Friday. Should be an announcement coming up.
dealy - interesting watching the volume + price on the Irish exchange - sometimes the 2 quotes get out of lines - maybe that explains some of the weird action here.
Bizarre price rise today - what's going on? On such a bad day there are 37k sells against 23k buys and it's one of the few gainers with +4% !!! The market is incomprehensible sometimes. I sold 17k of these, only to take advantage of some other bargains out there, so am not complaining.
New Edinburgh Distribution Centre Total Produce plc is pleased to announce that it has now completed the construction of and commenced operations from a new customised and state-of-the-art fresh produce distribution centre at Sighthill, Edinburgh, Scotland. This new facility replaces the Group's previous facilities at Chesser Avenue, Edinburgh, and was officially opened by Mr. Andrew Kerr, Minister for Health and Community Care. The building extends to 34,000 sq. ft. and was completed at a cost of circa €7.0 million, including the site cost. The purpose-built facility is designed to maximise operating efficiencies in an environmentally friendly manner. The operational energy requirement has been minimised by the utilisation of the latest energy-efficient electrical and cooling systems, coupled with the extensive use of the highest grade of 100% recyclable materials. The completion of the distribution centre is part of the continuing programme of investment by Total Produce to expand and develop its business.
Total Russian environmental watchdog to check Sakhalin 1 and Khariaga sites MOSCOW (AFX) - The Russian environmental watchdog, Rosprirodnadzor, will begin "checks" of the Sakhalin 1 gas and oil extraction project, led by Exxon Mobil, and of the Khariaga deposits, operated by the French group Total, in March. "We expect to start the first stage of file checks on Sakhalin 1 on March 28. The second on-site stage will start in May", said Oleg Mitvol, deputy head of Rosprirodnadzor, quoted by the Ria Novosti agency. Checks on the Khariaga deposits will start on March 12, said Mitvol, adding that the operation of oil wells will be looked at in particular. The Russian government is accusing Total of delays in the project. The French group owns 50 pct of the project, while Norway's Norsk Hydro has 40 pct. Rosprirodnadzor is often seen as a device used by the government to put pressure on oil companies. The agency last year took action against Shell and its partners at the Sakhalin-2 project, Mitsui and Mitsubishi, forcing them to allow state group Gazprom to take control of the operation. Russian press reports claim the authorities now want to secure entry into the Khariaga project for state-owned company Zarubezneft.
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