Synergy Health bets on the US with $25m SRI Surgical takeover June 7, 2012 SYNERGY Health said yesterday it would buy US based SRI Surgical Express to increase its presence in the world’s largest healthcare market and expand its reach out of the struggling UK and European economies. Synergy, a healthcare services provider, said it would pay $3.70 per SRI share, a two per cent discount to SRI’s closing [...]
LONDON 2012 IMAGE OF THE WEEK June 7, 2012 London 2012 has unveiled the key items that will be used across the 805 victory ceremonies at the Olympic and Paralympic Games. The royal purple podiums have been created by students from the Royal College of Art in London. The bouquets were designed by UK florist Jane Packer. Between now and the start of the [...]
Lamprell investors rebel over pay June 7, 2012 Shareholders in oil and gas engineer Lamprell yesterday staged a minor revolt over pay, with 11 per cent voting against the directors’ remuneration package. The meeting at the company’s headquarters in Dubai came just weeks after the contractor issued a profit warning in which it said pre-tax loss in the first half to 30 June [...]
Ultra buys US power company June 7, 2012 Defence and security group Ultra Electronics said yesterday it had paid $12.5m (£8m) for RFI, a US power conversion business. RFI is owned by US electronic systems and components company DGT Holdings. The deal is subject to approval by DGT shareholders, but is expected to close in the third quarter of this year.
Panasonic has no Olympus plans June 7, 2012 Japanese electronics maker Panasonic has no plan to invest in Olympus, president Fumio Ohtsubo said yesterday, contradicting a report that it would invest in the medical equipment maker, which is struggling to recover from an accounting scandal. Kyodo news agency reported on Wednesday that Panasonic was making final arrangements to provide up to ¥50bn (£403m) [...]
Johnson Matthey proposes a special dividend as profit lifts June 7, 2012 JOHNSON Matthey, the world’s largest supplier of catalytic converters, yesterday posted larger than expected profits and proposed its first ever special dividend. The company was buoyed by sales of trucks in North America and more diesel cars in Europe. Johnson Matthey, which makes catalysts to convert toxic engines emissions, sells pharmaceutical ingredients and refines platinum, [...]
Tullow buoyed by Ivory Coast oil discovery June 7, 2012 TULLOW Oil said yesterday that it had found oil in the Ivory Coast, giving it confidence that it will make additional discoveries in waters to the west of its key Jubilee field in Ghana. The British explorer said that the Paon-1X exploration well in the CI-103 licence had found good quality light oil. The successful [...]
Chesapeake chief in spotlight over use of company resources June 7, 2012 AUBREY K McClendon, the chief executive officer of Chesapeake Energy Corp, has intertwined his personal and financial interests with those of the publicly traded company he runs to a far greater degree than shareholders may realise, according to interviews, public records and hundreds of internal Chesapeake documents reviewed by Reuters. The executive has deployed a [...]
Cluff Gold on course to hit output target June 7, 2012 MINING group Cluff Gold said yesterday it was on course to hit its production targets. Underlying earnings jumped by 15 per cent in the quarter to 31 March to $5.3m (£3.4m). Cluff’s main projects are in the Ivory Coast, Burkina Faso and Sierra Leone. The Aim-listed company said its 2012 production guidance remains unchanged at [...]
ANALYST VIEWS | WHAT DO YOU MAKE OF JOHNSON MATTHEY’S RESULTS AND DIVIDEND? June 7, 2012 ADAM COLLINS LIBERUM CAPITAL The performance is strong and has allowed the special dividend. The company has invested over the years and now it is harvesting the rewards. Regulations on emissions have helped the business to grow. It was thought to be quite conservative but now has a relatively new chief financial officer and seems [...]
