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þriðjudagur, 11. desember 2018

nóvember, 2006

 

London, England - December 1, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Børs: SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 67,000 of SNSA Common Shares on the Oslo Børs at an average price of NOK 189.14 per share (approximately $30.68 at the current exchange rate). This completes the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares. Accordingly, in conformity with applicable Oslo Børs requirements, we report that Stolt-Nielsen S.A., through its wholly-owned subsidiary, Stolt-Nielsen Transportation Group Ltd., after this transaction has the following ownership (in the aggregate) in Stolt-Nielsen S.A., whose Common Shares are secondarily listed on the Oslo Børs with primary listing (through ADS arrangements) in the United States: Total number of Common Shares purchased: 67,000 Total number of Common Shares owned after purchase: 6,852,240 Percentage of issued shares of such class of shares following such purchase: 10.4% Total number of shares outstanding: 59,233,816 The Company has purchased 6,852,240 Common Shares totaling approximately $200.0 million under the $200 million repurchase program announced on August 25, 2005. All Common Shares purchased by SNTG are classified as non-voting shares held in Treasury and issued but not outstanding. Contact: Richard M. Lemanski U.S. 1 203 299 3604 rlemanski@stolt.com Jan Chr. Engelhardtsen UK 44 20 7611 8972 jengelhardtsen@stolt.com About Stolt-Nielsen S.A. Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly-owned subsidiary Stolt-Nielsen Transportation Group, provides integrated transportation for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot and Southern bluefin tuna. Forward-looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and uncertainties. The following factors, and others which are discussed in the Company's public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from the Company's forward-looking statements: the general economic conditions and competition in the markets and businesses in which the Company operates; changes in the supply of and demand for parcel tanker, tank container and terminal capacity in the markets in which the Company operates; changes in the supply of and demand for the products we transport, particularly the bulk liquids, chemicals and other specialty liquids that form the majority of the products that we transport; prevailing market rates for the transportation services that the Company offers and the fish products that the Company sells; changes in bunker fuel prices; the cost and feasibility of maintaining and replacing the Company's older ships and building or purchasing new ships; uncertainties inherent in operating internationally; the outcome of legal proceedings; the Company's relationship with significant customers; the outcome of discussions with customers concerning potential antitrust claims; the impact of negative publicity; environmental challenges and natural conditions facing the Company's aquaculture business; the impact of laws and regulations; operating hazards, including marine disasters, spills or environmental damage; the conditions and factors that may influence the decision to issue future dividends; and the market for long-term debt. Many of these factors are beyond the Company's ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements. Should one or more of these risks or uncertainties occur, or should management's assumptions or estimates prove incorrect, actual results and events may vary materially from those discussed in the forward-looking statements. - end text -


 

Impax Environmental Markets plc announces that as at the close of business on 30 November 2006 its undiluted net asset value ("NAV") per ordinary share was 106.47p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 105.52p. The investments in the above portfolio have been valued at bid prices. ---END OF MESSAGE---


 

Norvest ehf., a company which is financially related to Brynja Halldórsdóttir, a member of the Board of Directors of Kaupthing Bank hf., has today entered into a forward contract on the purchase of 700,000 shares in the Bank. The maturity date of the contract is 1 June 2007. The average price in the transactions was 794,2353 ISK per share. Brynja Halldórsdóttir owns 9,206 shares in the bank. Parties financially related to Brynja Halldórsdóttir own 12,712,048 shares in the bank. Following the transaction parties financially related to Brynja Halldórsdóttir own 3,400,000 shares in the Bank according to forward contracts. Brynja Halldórsdóttir is an alternate member of the board of directors of Norvest ehf.


 
Hitt og þetta
1. desember 2006

New Presentation

"Nestlé Nespresso S.A.", presentation given by Mr Gerhard Berssenbrügge, Chief Executive Officer, at a Group Investor meeting held in Orbe, Switzerland, on the 1st of December 2006. You will find this presentation in the section Presentations > Product Groups http://www.ir.nestle.com/News_Events/Presentations/Group_Presentations/Product_Groups/Product_Groups.htm --- End of Message --- WKN: 887208; ISIN: CH0012056047; Index: SLCI, SMI, SPI, SMIEXP; Listed: Main Market in SWX Swiss Exchange, ZLS in BX Berne eXchange;


 

As part of Hafslunds voluntary offer to shareholders with less than 100 (one round lot) Hafslund A- and/or B-shares, Hafslund has at 1 December acquired 37,184 Hafslund A-shares and 37,092 Hafslund B-shares. The shares are respectively acquired at NOK 118.50 and NOK 118.- per share. The offer is accepted by 1,164 Hafslund A-shareholders and 1,322 Hafslund B-shareholders. The acquisition is carried out based on the power of attorney provided by the extraordinary general assembly 30 August 2006 in relation to the offer to the companys shareholders who own a number of Hafslund A- and/or B-shares which are less than one round lot. Following this transaction, Hafslund's balance of own shares is 37,184 Hafslund class A- shares and 248,970 Hafslund class B-shares. Hafslund ASA Oslo, 1 December 2006


 

Advance Focus Fund Limited announces that its unaudited Net Asset Value (NAV) including income accrued as at the close of business on 30 November 2006 was £35.327 million, representing a NAV of 140.53 pence per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/ ---END OF MESSAGE---


 

December 1, 2006: TRONDHEIM, NORWAY - Teekay Petrojarl ASA ("Teekay Petrojarl" or the "Company") (OSE: PETRO) announced today that Graham Westgarth has been appointed President and Chief Executive Officer (CEO) of Teekay Petrojarl. The appointment is effective immediately. Graham Westgarth has been with Teekay since 1999 and is currently President of Teekay Marine Services, a division of Teekay Shipping Corporation. Mr. Westgarth has previous FPSO experience from his time with Maersk. While serving as CEO of Teekay Petrojarl, he will be based in Trondheim. However, as this appointment is intended to be temporary, he will also remain as President of Teekay Marine Services. Bjørn Møller President and CEO of Teekay and newly elected Chairman of Teekay Petrojarl commented: "The appointment of Graham Westgarth as President and CEO of Teekay Petrojarl on a temporary basis will allow Teekay to work with Teekay Petrojarl's management team to build the necessary linkages, thereby benefiting from the rest of Teekay's global organization." During a board meeting held earlier today, Petrojarl's current President and CEO, Espen Klitzing, tendered his resignation. Citing his reason for leaving Petrojarl, Mr. Klitzing stated, "My main attraction to Petrojarl was the opportunity to head up a publicly listed company; with Teekay now owing a majority share, I felt it was time to move on to new challenges. I will remain with Teekay Petrojarl throughout the transition and expect to seek other challenges in the New Year. Bjorn Moller said, "I would like to thank Espen Klitzing for the great job he has done leading Petrojarl, including managing the demerger of the Company from PGS and the subsequent public listing of the Company on the Oslo Stock Exchange." **** The information included herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on various assumptions made by the Company which are beyond its control and are subject to certain additional risks and uncertainties. As a result of these factors, actual events may differ materially from those indicated in or implied by such forward-looking statements. Teekay Petrojarl ASA (Petrojarl ASA until December 1, 2006) is one of the largest operators of floating production storage and offloading vessels in the North Sea. Teekay Petrojarl owns and operates four FPSO vessels in addition to operating two shuttle tankers and one storage tanker. Teekay Petrojarl is currently evaluating projects outside of the North Sea and has ambitions to double its fleet within 2010. Teekay Petrojarl's revenues for the year ended 31 December 2005 amounted to USD 280.7 million. The company employs approximately 524 people. The headquarters are located in Trondheim. Teekay Petrojarl also has an operations office in Aberdeen. For more information about Petrojarl visit www.petrojarl.com. FOR DETAILS, CONTACT: Kim Barbero Director, Corporate Communications and Branding Teekay Shipping Canada Tel: + 1 (604) 609-4703 Espen Klitzing Former Chief Executive Officer Teekay Petrojarl ASA Phone: +47 928 26 166 Hege Njå Bjørkmann Communications Manager Teekay Petrojarl ASA Phone: +47 911 85 029


 

Reykjavik (IFN) Star AcquisitionCo AS, wholly owned subsidiary to Icelands moulding plastics group Promens, has resolved to extend the offer period for its voluntary offer for the shares in Polimoon ASA, Promens parent company Atorka announced on Friday. 


 

Consorte Group ASA has signed an agreement with Travelocity Nordic for Consorte Pulse Call Centre Solutions in Denmark, Sweden and Norway. The agreement has duration for up to 3 years and is worth approx. NOK 3 million. Travelocity Nordic implemented Consorte Pulse Contact Centre in Sweden already earlier this year. With this extension Travelocity Nordic is becoming a pan-Scandinavian customer of Consorte Group ASA. Consorte's net-centric based technology platform makes it easy and possible for Travelocity Nordic to share their human call centre resources between the Scandinavian countries for an even more effective customer service. The Contract includes standard Consorte Pulse Contact Centre functionality with i.a. integration with CRM system and call recording for documentation of verbal confirmation of purchase from callers. About Travelocity Nordic: Travelocity Nordic is a Sabre Holdings owned company and has several known brands in the Scandinavian Travel Industry like Reisefeber.no and lastminute.com. The Company also functions as a subcontractor for other companies in the Scandinavian travel industry running their customer centre or parts of them. About Consorte: We help enterprises communicate better! Consorte Group ASA is a leading company in development, integration, delivery and operation of communication solutions to the enterprise market. The Group has subsidiaries in Norway, Sweden, Denmark and the UK and supplies services and solutions that are adapted to the individual customer's business and requirements. Consorte's customers regard communication as business critical and Consorte addresses this by combining business understanding with advanced communication technology. The Group is listed on the Oslo Stock Exchange. Contact: CEO Guttorm B. Johansen - Tel: +47 03050 For more information: www.consorte.com


 

~ Birdstep launches EasyConnect(TM), the new high performance connection manager with outstanding performance characteristics, enhanced user experience features and unique re-distribution and customization tools ~ Oslo/Stockholm/Seattle/Cambridge - December 1, 2006 -Birdstep Technology ASA, the leading provider of seamless connectivity and mobility software for laptop, PDA's and Smartphones, launches the new high performance connection manager with Microsoft® Vista® Support, improved performance and impressive customization capabilities. Birdstep core development has been positively influenced by strategic customers, partners and relevant technology trends. To succeed in today's changing telecom market, Mobile Operators must constantly strive to maximize their competitive advantage. The Connection Managers lies at the heart of the mobile operator's data portfolio and strategy. EasyConnect empowers mobile operators to quickly serve different customer segments with re-branded and customized versions of the EasyConnect product. It also provides improved customer satisfaction through user experience enhancing features such as a zero click connectivity, always best connected and context sensitive assistance to users. "The EasyConnect product is created with a focus on high performance, robustness, ease of use as well as customization and re-distribution capabilities for mobile network operators. The launch of EasyConnect demonstrates Birdsteps commitment to maintain the market leading position on seamless connectivity and mobility solutions" said Petri Markkanen, CEO at Birdstep. Some EasyConnect highlights are: * Full Microsoft® Vista® Support Leverages new Microsoft® Vista® communication APIs, security features and conforms to Microsoft® Vista® developer guidelines. EasyConnect is designed to run on Microsoft® Vista®, while support for Windows® XP and Windows® 2k is maintained. * Outstanding performance improvements Reduces start-up and close as well as connection and disconnection time by 50-100%. * Redistribution and customization tool Introduction of a powerful customization and rebranding tool necessary to create Mobile Workforce packaging towards Enterprise and others. * Enhanced User Experience Features with enhanced diagnostics, context sensitive user assistance, enhanced hotspot locator and others * Quick and continuous Device Support EasyConnect supports all known devices and Birdstep's goal is to always support at least 80% of the relevant devices on the market. The EasyConnect product is generally available in February 2007. The new platform and the enhanced feature set will be officially demonstrated at 3GSM World in Barcelona the 12th to 15th of February 2007. To place an order or to find out more information about EasyConnect, visit us on www.birdstep.com (395words) NOTES TO EDITORS About Birdstep (www.birdstep.com) Birdstep Technology ASA is a public company listed on the Oslo Stock Exchange (OSE) under ticker 'BIRD'. The company is headquartered in Oslo, Norway with three wholly owned subsidiaries, Birdstep AB in Sweden, Birdstep Technology Inc. in Seattle, US and Birdstep Technology Ltd in Cambridge, UK. Birdstep Technology is a global software development, marketing and sales company offering seamless connectivity and mobility client software for mobile data users on laptops, pocket PC and Smartphones as well as state of the art embedded database technologies. Birdstep has an installed base at more than 30 operators globally including T-mobile Group, Vodafone Group, Orange, TIM, Turkcell, TMN, Sprint, Telenor and TeliaSonera. The company also cooperates with global partners such as Nokia, SonyEricsson, Cisco, Ericsson, Nortel Networks, HP and Fujitsu Siemens Computers. Microsoft and Vista is a registered trademark of Microsoft Corporation in the United States and other countries. For further press information and photography please contact Robert Vangstad at Birdstep Tel: +46 (0) 730 58 45 00


 

(IFN) Fitch Ratings has affirmed Straumur-Burdaras Investment Bank ratings at Issuer Default BBB-  Short-term F3, Individual C/D, and Support 3. The Outlook on the Issuer Default rating is Stable. The ratings reflect Straumurs strong capital base, the rapid growth of its more sustainable revenue streams, the growing geographic diversification of its assets and revenues and its very low cost-base. They also factor in the banks large equity exposures, high concentrations in its balance sheet, high reliance on wholesale funding and limited track record in corporate and debt finance activities.


 

Due to a formatting error, parts of the Cash Flow Statement were unfortunately left out in the press release published this morning, Friday December 1, 2006. Please find enclosed our Third Quarter 2006 Results with an amended Cash Flow Statement. Please be informed that there are no changes to the figures, this was simply an error in the formatting of the text. Please accept our apologies for any inconvenience caused. Best regards, Golden Ocean Group Limited


 

Nordic Business Report-December 1, 2006-NCC sells office property in Gothenburg to Credit Suisse (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group NCC said on Friday (1 December) that its unit NCC Property Development has agreed to sell a 13,000 square metre office property in Gothenburg, Sweden to Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft mbH. The sales price for the Nordstaden office project (formerly Hasselblad) is SEK433m and will result in a gain of SEK40m for NCC. NCC, headquartered in Solna, Sweden, is a leading Nordic construction and property development company with 21,000 employees and annual sales of SEK50bn. NCC is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Today, TDC has received a notice from Nordic Telephone Company ApS (NTC) informing that NTC has decided to redeliver employee shares to those employee shareholders, who in December 2005/January 2006 accepted NTC's tender offer, in accordance with the special terms for tied-up employee shares set out in NTC's offer document of December 2, 2005. With its ownership interest of app. 88.2 %, NTC is the controlling shareholder in TDC A/S. Following the redelivery of employee shares, NTC will hold app. 87.9 % of the share capital. The employee shareholders' acceptance of NTC's tender offer was conditional upon NTC irrevocably effecting a compulsory redemption of the outstanding shares in TDC by December 1, 2006. It is stated in the notice that NTC in March initiated a compulsory redemption, which subsequently was suspended because the Danish Commerce and Companies Agency rejected the request for registration of the amendments to the Articles of Association on compulsory redemption. The Danish Commerce and Companies Agency's rejection to register has resulted in NTC being unable to complete the compulsory redemption by December 1, 2006 and therefore NTC is obligated to return the employee shares to the employee shareholders in accordance with the terms of the tender offer. The technical redelivery will be carried out no later than mid-December 2006. For further information please contact TDC Investor Relations on +45 3343 7680. TDC A/S Noerregade 21 0900 Copenhagen C DK-Denmark tdc.com ---END OF MESSAGE---


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | AXA Investment Managers UK | | | Limited/AXA Framlington | | | Investment Management Limited | |-----------------------------------+-------------------------------| | Company dealt in | Scottish Power Plc | |-----------------------------------+-------------------------------| | Class of relevant security to | Ordinary shares | | which the dealings being | | | disclosed relate (Note 2) | | |-----------------------------------+-------------------------------| | Date of dealing | 30/11/2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+--------------------------+------------------------------------------------| | |Number |Number | | | (%) | (%) | |---------------+--------------------------+------------------------------------------------| |(1) Relevant |24,867,144 (1.12%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |24,867,144 (1.12%) | | | | | | +-------------------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +--------------------------------------------------------------------------+ |Class of | Long | Short | |relevant | | | |security: | | | | | | | |---------------+----------------------------+-----------------------------| | |Number |Number | | | (%) | (%) | |---------------+----------------------------+-----------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+----------------------------+-----------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+----------------------------+-----------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+----------------------------+-----------------------------| |Total | | | | | | | +--------------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | Sold | 160,000 | 7.550p | | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short (Note | Number of securities | Price per | | name, | 6) | (Note 7) | unit (Note | | e.g. CFD | | | 5) | |----------+------------------+------------------------+------------| | | | | | | | | | | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 01/12/06 | |--------------------------------------------------+----------------| | Contact name | Tariq Ghandour | |--------------------------------------------------+----------------| | Telephone number | 0207 003 2805 | |--------------------------------------------------+----------------| | If a connected EFM, name of offeree/offeror with | N/A | | which connected | | |--------------------------------------------------+----------------| | If a connected EFM, state nature of connection | N/A | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Nordic Business Report-December 1, 2006-Castellum AB divests last residential property (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish real estate company Castellum AB said on Friday (1 December) that it has sold its last remaining pure residential property. Castellum sold a 13,700 square metre property in Helsingborg in Sweden to a new tenant owners association for SEK255m. Castellums remaining portfolio comprises commercial properties. Castellum is one of the major listed real estate companies in Sweden. The fair value of its real estate portfolio amounts to some SEK23bn. Castellum is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Telelogic AB receives EUR2.4m licence extension contract (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT company Telelogic AB said on Friday (1 December) that it has secured a five-year licence extension and maintenance contract from a leading European transportation infrastructure agency. The contract enables the customer to extend its existing use of the Telelogic DOORS requirements management solution, the Telelogic System Architect enterprise architecture solution and the Telelogic Synergy configuration management system. The new contract also covers the use of the requirement analysis tool Telelogic Focal Point and the modelling solution Telelogic Tau. The contract is worth EUR2.4m. Telelogic, headquartered in Malmo, Sweden, is a systems and software development solutions provider with US headquarters in Irvine in California, and with operations in 20 countries. Telelogic is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Castellum has through a wholly owned subsidiary sold a residential property for SEKm 255 Castellum has sold the last remaining pure residential property. The property, located on Slottshöjden in Helsingborg, has been sold to a new tenant owners' association for SEKm 255. The property consists of a number of buildings and holds 183 apartments with a total area of 13,700 sq.m. Possession of the property was given up on December 1st, 2006. On Castellum's website names and addresses of properties acquired or sold since the beginning of the year are published. Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 23 billion, and comprises mainly commercial properties. The real estate portfolio is owned and managed by six wholly owned subsidiaries with strong local roots in five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Mälardalen and Western Småland. The Castellum share is registered on OMX - Nordic list Large cap. For further information, please contact Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56 Henrik Saxborn, Deputy CEO, phone +46 31 60 74 50 / mobile + 46 706-94 74 50


 

Reykjavik (IFN) Icelands Landsbanki has agreed to finance the management buyout of Belgian Blagden Packaging, with a EUR275 million bridge loan, Robert Vewoerd co-chief executive of Landsbankis Amsterdam branch, told IFN on Friday.Blagdens management has agreed to buy the company from investment fund Alchemy Partners.


 

Artumas Group Inc. is re-issuing the press release of 30 November 2006, with the addition of the following disclaimer: The Convertible Bonds have not been registered under the U.S. Securities Act of 1933, as amended, or under any applicable U.S. state securities laws and will be sold within the United States only to qualified institutional buyers (as such term is defined in Rule 144A under the Securities Act of 1933, as amended) or outside of the United States to, or for the account or benefit of, persons that are not U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended). This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. -------------------------------------------------------------------------------------------------------------------- President of Artumas Group Inc., Mr. Stephen Mason announces a 10.0% Senior Unsecured Convertible Bond financing through a private placement. The convertible bond issue will be a maximum USD 30 million, denominated in notes of USD 100,000 each. The convertible bonds will carry a coupon of 10.0% per annum, paid semi-annually and will mature on or about 20 December 2010. The conversion price is NOK 53 per common share of Artumas Group Inc., subject to adjustment. The Company may convert the bonds to common shares of Artumas Group Inc. on or after 20 December 2007, if the closing price of the common shares has exceeded NOK 90 for at least 20 trading days within a period of 30 consecutive trading days. The net proceeds of the Offering will be used to finance the ongoing capital program which includes further development of the Mnazi Bay Gas Field, Mozambique capital requirements including performance bond and off-take market initiatives including feasibility and Front-End Engineering and Design (FEED) studies for the large scale power project. Artumas Group Inc. has retained ABG Sundal Collier Norge ASA as Lead Manager, and First Securities ASA as Co-lead Manager. ------------------------------------------------------------------------------ Artumas Group Inc. is an international energy producer focused on monetizing its hydrocarbon reserves in the Rovuma Delta Basin in Tanzania and Mozambique. By exploring, developing, producing and commercializing known petroleum systems, Artumas is poised to deliver a sustainable rate of return for its stakeholders while creating social and economic opportunities for the people of Eastern Africa. Artumas' common shares trade on the Oslo Stock Exchange under the symbol AGI. FORWARD LOOKING STATEMENTS This news release may contain forward-looking statements including expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. This news release is not for dissemination in the United States or to any United States news services. The common shares of Artumas have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES WARNING Oslo Bors has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


 

Nordic Business Report-December 1, 2006-M-real Corporations EUR400m bond subscribed (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish forest industry group M-real Corporation, part of Metsaliitto Group, said on Friday (1 December) that its EUR400m, 4-year floating rate Eurobond has been fully subscribed. The confirmed interest rate of the bond is 3-month Euribor plus 3.625%. The bond will be issued on 7 December 2006 and it will mature on 15 December 2010. The lead managers for the bond issue are Deutsche Bank and BNP Paribas and the co-managers Nordea and UniCredit Group (HVB). M-real Corporation, headquartered in Espoo, Finland, is a leading European paper company with products for consumer packaging, communications and advertising. M-real generated a turnover of EUR5.2bn in 2005 and it has 15,500 employees. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Rautakesko opens its 7th K-rauta store in St. Petersburg (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish trading house Kesko Corporation said on Friday (1 December) that its subsidiary Rautakesko has expanded its operations in Russia by opening its seventh K-rauta in St. Petersburg. The large outlet on Moskovskoe Shosse has a floor area of over 13,000 square metres and employs a staff of 120. The store offers first quality solutions for building, refurbishing and interior decoration for both private and business customers. Two more K-rauta stores will be opened in St. Petersburg on the main exit roads in 2007. Rautakesko plans to grow the K-rauta network in St. Petersburg to comprise 10-11 stores. In addition 8-10 stores will be opened in and around Moscow in the next few years. Rautakesko Ltd is engaged in the hardware and builders supplies and interior decoration trade in Finland, Sweden, Norway, the Baltic countries and Northwest Russia. Rautakeskos net sales totalled EUR1.61bn in 2005. Kesko, headquartered in Helsinki, Finland, provides retail and wholesale trading services in the Baltic Sea area. Kesko operates in Finland, Sweden, Norway, the Baltic countries and Russia. The company has about 2,200 stores engaged in chain operations in seven countries. Kesko is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

RAUTAKESKO LTD PRESS RELEASE 01.12.2006 AT 12.00 1(1) Rautakesko expands its operations in Russia by opening its seventh K-rauta in St. Petersburg today. The large outlet on Moskovskoe Shosse has a floor area of over 13,000 square metres and it employs a staff of 120. The store offers first quality solutions for building, refurbishing and interior decoration for both private and business customers. The strengths of the store that complies with the international K-rauta concept include a large selection, an effective drive-through builders' yard and interior decoration solutions sold as packages. All K-rauta stores have a special focus on staff training and competencies. Rautakesko operates in seven countries and can capitalise on its international competence and purchasing power to the benefit of its customers. "Our wide international experience provides the basis for the reliable, high-level services we offer to our customers. This is a major competitive advantage in the company that aims to become the market leader in Northwest Russia and to achieve a significant position in the whole country," says Ilkka Sinkkonen, Country Manager for Russia. Rautakesko is investing heavily on developing the network of hardware and builders' supplies stores in Russia. The previous K-rauta was opened in St. Petersburg in September. The five outlets of the Stroymaster chain acquired by Rautakesko last year have been operating under the name of K-rauta since August 2006. Two more K-rauta stores will be opened in St. Petersburg on the main exit roads in 2007. Rautakesko plans to grow the K-rauta network in St. Petersburg to comprise 10-11 stores. In addition, 8-10 stores will be opened in and around Moscow in the next few years. K-rauta stores will also be established in other big cities. A photo of the new K-rauta in St. Petersburg can be downloaded from www.kesko.fi/material "Image archive". Further information: Ilkka Sinkkonen, Country Manager for Russia, Rautakesko Ltd, tel. +7 495 764 0838 Ari Pärssinen, Store Site Director, Rautakesko Ltd, tel. +358 500 609 506 Rautakesko Ltd (www.rautakesko.com) is engaged in the hardware and builders' supplies and interior decoration trade in Finland, Sweden, Norway, the Baltic countries and Northwest Russia. It manages and develops its retail store chains and B-to-B Service in its operating area. Rautakesko is responsible for the chains' concepts, marketing, sourcing and logistics services, store network and retailer resources. Rautakesko's net sales totalled ¤1,610.0 million in 2005. Kesko is the most versatile provider of trading sector services in the Baltic Sea area. In close cooperation with retailers and other partners it produces retail and wholesale services that are highly valued by customers. Kesko operates in Finland, Sweden, Norway, Estonia, Latvia, Lithuania and Russia.


 

Nordic Business Report-December 1, 2006-Atlas Copco wins large compressors order in China (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial productivity solutions provider Atlas Copco said on Friday (1 December) that it has secured a large compressors order from Chinese company Datang Power. The order, valued at SEK118m, covers the delivery of three six-stage turbo compressors to be used in a coal gasification process at a chemicals plant in Inner Mongolia. The core units will be manufactured at Atlas Copcos facility in Cologne in Germany. Atlas Copco, headquartered in Stockholm, Sweden, is a global provider of industrial productivity solutions. The company has 27,000 employees and is present in 150 markets worldwide. Atlas Copco is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-FormPipe Software AB wins breakthrough order in the private sector (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT company FormPipe Software AB said on Friday (1 December) that it has won a SEK1m order for document and case management system W3D3 from a major player in the banking sector. The delivery includes a Public Key Infrastructure module for electronic signatures. FormPipe Software said that it regards the order as a breakthrough into the private sector. FormPipe Software is headquartered in Stockholm, Sweden. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Prosafe ASA purchases VLCC (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian semi-submersible service rigs and floating production and storage vessels owner and operator Prosafe ASA said on Friday (1 December) that it has purchased the very large crude carrier (VLCC) Navarin. The Navarin is 276,830 dwt and was built in 1989 at Hyundai Heavy Industries. "Prosafe has observed a strong demand for [floating production, storage and offloading vessels], and considers that the vessel is a very suitable candidate for several identified projects," Prosafe said in a brief statement. Prosafe, headquartered in Stavanger, Norway, is the worlds leading owner and operator of semi-submersible service rigs, and has 900 employees. The company is listed on the Oslo Stock Exchange under the ticker PRS. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Skanska wins NOK570m contract to build new mail terminal in Norway (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group Skanska said on Friday (1 December) that its Norwegian unit has won the contract to build a new mail terminal in Lorenskog outside Oslo in Norway. The new 150,000 square metre terminal will replace a mail terminal in central Oslo. The NOK570m contract, awarded by the Norwegian postal services provider Posten Norge AS, covers land preparation, foundation work, the building of the structural framework, the supply of concrete and steel elements and the building of the roof. The facade of the building is not included in the contract. As part of the project Skanska will also widen the road leading to the site. Skanska, headquartered in Solna, Sweden, is one of the worlds leading construction groups with some 54,000 employees in Europe, the US and Latin America. Skanska is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Swedish gaming and telephony solutions developer CISL Gruppen AB divests Telecom unit (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish gaming and telephony solutions developer CISL Gruppen AB said on Friday (1 December) that it has agreed to sell its subsidiary CISL Telecom to Eurovip Group AB in a SEK220m all shares deal. The transaction makes CISL Gruppen the largest shareholder of Eurovip Group, with 61% of the share capital and 49% of the votes. The deal is part of CISL Gruppens strategy to focus on gaming technology. According to Kent Soderstrom, CEO of CISL Gruppen, the company also plans to find a strategic alternative for its gaming centre operations. CISL Gruppen, headquartered in Stockholm, Sweden, develops and markets solutions within betting, computer gaming and mobile telephony. The group has subsidiaries in Sweden, the United Kingdom, Spain and Thailand. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Veidekke ASA sells office building in Stockholm (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian contractor Veidekke ASA said on Friday (1 December) that its Swedish unit has agreed to sell its administration building in Sundbyberg in Stockholm to property company Fastighets AB Balder. The sales price is approximately SEK130m. Veidekke is based in Oslo, Norway. The company has some 5,500 employees in Norway,Sweden and Denmark, and reported a turnover of NOK14.6bn in 2005. Veidekke is listed on the Oslo Stock Exchange under the ticker VEI. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

La Barra Capital AS, a wholly owned company by Anders Kapstad, CFO in Norse Energy Corp ASA has on the 1st of December 2006 exercised a forward contract of 200,000 shares at NOK 4,06 and entered into a new six months forward contract of 200,000 shares at NOK 4,18 with maturity date June 1st 2007. After this transaction Anders Kapstad controls personally and through related companies a total of 206,000 shares. Contact info Anders Kapstad CFO cell: +47 918 17 442


 

Nordic Business Report-December 1, 2006-Ericsson and Intel to accelerate deployment of services and applications on mobile PCs (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq: ERIC) announced on Friday (1 December) a joint effort with Intel Corporation (Nasdaq: INTC) to accelerate deployment of services and applications on mobile PCs, powered by Ericssons mobile broadband and IMS solutions and Intel Core Microarchitecture for mobile clients and servers. The joint effort aims to accelerate the market uptake of mobile broadband and multimedia services usage, through a more convenient and attractive experience for consumers and enterprises. Both companies will work together on integrating solutions for mobile operators, enabling them to provide attractive mobile broadband service packages for both enterprises and consumers using the mobile PC. These integrated solutions will be based on Ericssons HSPA platform for mobile broadband and IMS platform for convergence with Intels Mobile technology. The collaboration also includes marketing and technology enabling programmes for Independent Software Vendors (ISVs) to develop, validate and bring to market multimedia applications for mobile networks. In order to speed up time to market for new applications the two companies will provide the software community with development tools, early access to systems, training and validation support at global solution centers. Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the worlds mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on Nasdaq. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Etteplan Oyj subsidiary enters into frame agreement with John Deere Forestry (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish industrial technology company Etteplan Oyj said on Friday (1 December) that its subsidiaries, DokuMentori Oy and John Deere Forestry Oy, have signed a frame agreement of transference of technical documentation business to DokuMentori Oy. As a part of the agreement 10 employees from the John Deere Forestry documentation functions will transfer to DokuMentori Oy. The agreement will further strengthen Etteplans position as one of the leading design companies in the Nordic countries, the company said. John Deere is the worlds leading manufacturer of forestry and farm equipment and a significant supplier for earth moving and environmental machines. The company operates worldwide and employs in total approximately 47,000 persons. John Deere Oy manufactures forestry machines and is domiciled in Tampere. Etteplan is one of the largest companies in the Nordic Countries providing industrial technology design and expert services. The company employs close to 1,600 persons in Finland, Sweden, Germany, Italy and China. Etteplan is listed on t he Nordic Exchange in Helsinki. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Ramirent Plc acquires Finnish machinery rental company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish machinery rental group Ramirent Plc said on Friday (1 December) that it has acquired Finnish machinery rental company RSK-Jarvinen. The company specialises in temporary electrification and heating at construction sites. RSK-Jarvinen has one outlet in Vantaa and employs 16 persons. The acquisition price was not disclosed. Ramirent, headquartered in Helsinki, Finland, is the Nordic areas leading machinery rental company. It has 2,700 employees in 12 countries and reported consolidated net sales of EUR389m in 2005. Ramirent is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Kitron Microelectronics AS in Røros has today entered into an agreement worth approximately NOK 35 million within telecom for delivery in 2007. "This contract is signed with a global market leader and is yet another recognition of the high quality level that Kitron in Røros delivers at competitive conditions in a global market", says Leif Tore Smedaas, President of Kitron Microelectronics. For further information please contact: Leif Tore Smedaas, President, Kitron Microelectronics, tel. +47 952 19 685 Erling Svela, CFO, Kitron ASA, tel. +47 40 62 10 40 Kitron is one of Scandinavia's leading companies in development, industrialisation and production for the data/telecom, defence/marine, medical and other industries. The company is located in Norway, Sweden and Lithuania. Kitron had a turnover of approx. NOK 1,6 billion in 2005 and has approx. 1,200 employees. See also www.kitron.com.


 

Ericsson (NASDAQ:ERIC) today announced a joint effort with Intel Corporation (NASDAQ:INTC) to accelerate deployment of services and applications on mobile PCs, powered by Ericsson's mobile broadband and IMS solutions and Intel ® Core(TM) Microarchitecture for mobile clients and servers. The joint effort aims to accelerate the market uptake of mobile broadband and multimedia services usage, through a more convenient and attractive experience for consumers and enterprises. Both companies will work together on integrating solutions for mobile operators, enabling them to provide attractive mobile broadband service packages for both enterprises and consumers using the mobile PC. This includes a convenient, fast and seamless broadband experience, a secure and fully managed PC environment - improving enterprise IT efficiency, next generation high definition multimedia communication, entertainment and web services on the move. These integrated solutions will be based on Ericsson's HSPA platform for mobile broadband and IMS platform for convergence with Intel's Mobile technology, providing best user experience, security and reliability. The collaboration also includes marketing and technology enabling programs for Independent Software Vendors (ISVs) to develop, validate and bring to market multimedia applications for mobile networks. In order to speed up time to market for new applications the two companies will provide the software community with development tools, early access to systems, training and validation support at global solution centers. Bert Nordberg, Executive Vice President, Ericsson, says: "The mobile PC with embedded mobile broadband represents an exciting and strong revenue opportunity for mobile operators, both for access and services. We feel very pleased to announce this joint initiative with Intel, in which end user convenience is the key deliverable to create opportunity for a mobile broadband mass-market." Gordon Graylish, Vice President and General Manager EMEA, Intel, says: "We are very excited about working with Ericsson on enabling rich and easy-to-use multimedia services on the go, working seamlessly over different wireless technologies." Ericsson and Intel have a mutual interest to stimulate the market, to promote open standards and make it easier to create and deploy new services for mobile broadband. The aim is to accelerate the market adoption of multimedia services such as enterprise, communication and collaboration, interactive TV, gaming, music, community networking and professional applications. Ericsson will demonstrate mobile broadband and IMS-based services on mobile PCs powered by HSPA and Intel® Centrino® Duo mobile technology during ITU Telecom World 2006, which will take place in Hong Kong on December 4-8. Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at http://www.ericsson.com FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Media Relations Phone: +46 8 719 6992 E-mail: press.relations@ericsson.com Intel, Core and Centrino are trademarks or registered trademarks of Intel Corp. or its subsidiaries in the United States and other countries.


 

Video interview and transcript available now on www.cantos.com with Barry Stowe, CEO, Prudential Corporation Asia (LSE:PRU) * Plus India and China documentaries This programming is available in video, audio and transcript. It's free to view. All you need to do is register at www.cantos.com Cantos.com is an online financial website where top management of companies address the critical issues facing their businesses. If you would like to contact us, please email enquiries@cantos.com.


 

A total of 237 235 shares of Nokia Corporation ("Nokia") were subscribed for between 31.10. - 27.11. 2006 based on Nokia's 2003 and 2005 employee stock option plans. This resulted in an increase of EUR 14 234.10 in Nokia's share capital and an increase of EUR 3 293 630.83 in other shareholders equity. The new shares carry full shareholder rights as from the registration date December 1, 2006. The shares are admitted to public trading on the Helsinki Exchanges as of the same date together with the old Nokia share class (NOK1V). As a result of the increase, the share capital of Nokia is currently EUR 245 690 469.48 and the total number of shares is 4 094 841 158 including the shares that are held by the company. Media Enquiries: Nokia Communications Tel: +358 7180 34900 Email: press.office@nokia.com www.nokia.com --- End of Ad-hoc Message --- WKN: 870737; ISIN: FI0009000681; Listed: General Standard in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Börse Stuttgart, Amtlicher Markt in Frankfurter Wertpapierbörse;


 

Nordic Business Report-December 1, 2006-Alfa Laval acquires sales and distribution company in China (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish heat transfer, separation and fluid handling technology group Alfa Laval said on Friday (1 December) that it has acquired a sales and distribution company in China. The acquired company only sells products from Alfa Lavals plate heat exchangers subsidiary Tranter, acquired by Alfa Laval from Dover Corporation in March. The acquired company has 100 employees and an annual turnover of approximately SEK100m. The transaction is part of Alfa Lavals strategy to further increase its presence in China. Alfa Laval, headquartered in Lund in Sweden, has some 10,000 employees and annual sales of SEK16.5bn. The company has customers in nearly 100 countries. Alfa Laval is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Consortium unveils plans to build power cable between Norway and Germany (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian energy companies Agder Energi and Lyse announced on Friday (1 December) plans to build a 570-kilometre sub-sea power cable between Norway and Germany. The project will be developed by NorGer AS, a project company established by Agder Energi and Lyse together with Swiss energy trading company EGL and German energy company EWE. The 700 MW power cable is planned to run from Feda near Kristiansand in Norway to somewhere in the Wilhelmshaven region in Germany. The project is expected to cost around EUR500m. "By increasing the import capacity for electricity to Norway, the NorGer cable will make a significant contribution towards reduction of the present Norwegian electricity shortage in dry years. Moreover, NorGer will increase overall system stability and has considerable environmental benefits due to its potential to even out variations in the German wind-power system with Norwegian hydroelectricity instead of CO2-rich German coal and gas fuelled power generators," Agder Energi and Lyse said in a statement. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Ementor ASA wins framework contract from Norwegian health enterprises procurement services provider (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian IT infrastructure provider Ementor ASA said on Friday (1 December) that it has received a framework contract for infrastructure products and services from Norwegian health enterprises procurement services provider HINAS. The agreement was signed for a firm period of two years, but includes two additional one-year options. Ementor was one of three suppliers selected to provide services for a total of NOK150m to HINAS. Ementor is headquartered in Oslo, Norway. The group has 3,200 employees and operations in Norway, Denmark, Sweden, Finland and Latvia. Ementor is listed on the Oslo Stock Exchange under the ticker EME. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Karolin Machine Tool AB acquires two US waterjet cutting technology companies (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish production machines developer and manufacturer Karolin Machine Tool AB (KMT Group) said on Friday (1 December) that it has acquired US companies Robotic Production Technology and H2O Jet Inc. The combined purchase price was approximately USD38m, including an earn-out of up to USD2m. Robotic Production Technology, based in Auburn Hills in Michigan, provides turnkey applications for high-precision waterjet cutting, router trimming and laser cutting. The company has 80 employees and an annual turnover of approximately USD35m. H2O Jet, based in Olympia, Washington, manufactures waterjet cutting products and waterjet pump replacement parts. The company has 30 employees and annual sales of approximately USD10m. The acquisitions makes KMT Group the global leader in robotic waterjet and trimming applications and more than doubles the sales of KMT Cutting Systems. "By combining KMT Cutting Systems and KMT Waterjet Systems existing organisations, international experiences and distribution channels with [Robotic Production Technologys] strong brand, and H2O Jets strong know-how in nozzle technology, we see considerable growth opportunities globally," said Lars Bergstrom, president and CEO of KMT Group. "Moreover, the acquisitions of RPT and H2O Jet will create cost synergies with KMTs Waterjet Product Area, as well as providing access to new exciting market segments with significant potential," Bergstrom added. KMT Group, headquartered in Stockholm, Sweden, develops and manufactures advanced production machines and system solutions for the engineering industry. KMT is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Kitron ASA wins new contract in the telecommunications sector (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian electronics manufacturer Kitron ASA said on Friday (1 December) that its subsidiary Kitron Microelectronics AS has secured a NOK35m contract from an undisclosed customer in the telecommunications sector. The contract covers deliveries in 2007, but no details were disclosed. Kitron, headquartered in Lysaker, Norway, is a leading Scandinavian development, industrialisation and production company with some 1,200 employees in Norway, Sweden and Lithuania. The company reported a turnover of NOK1.6bn in 2005. Kitron is listed on the Oslo Stock Exchange under the ticker KIT. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Swedish consulting group SWECO establishes Estonias largest engineering consulting company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish consulting services group SWECO said on Friday (1 December) that it will establish Estonias largest engineering consulting company. The new company, SWECO Projekt, will be created through a merger between SWECOs Estonian unit SWECO Eesti and the companies ETP Grupp and Eesti Projekt. The combined company, in which SWECO will be majority shareholder, will have some 220 employees. "SWECO Projekt will have a market-leading position in Estonia and the capacity to offer the clients a wide range of qualified consulting engineering services, which are increasingly in demand by both local companies and international investors," said Per Johansson, Managing Director of SWECO Eastern Europe. "With 500 consultants in our new Baltic companies and earlier establishment in St. Petersburg, we are now the largest player in this region. This gives us a solid base from which to continue expanding our presence in Central and Eastern Europe," Johansson added. SWECO, headquartered in Stockholm, Sweden, provides consulting services within engineering, environmental technology and architecture. It has subsidiaries in eight countries, and is currently involved in projects in over 60 countries. SWECO is listed on the Nordic Exchange in Stockholm. ((Comments on this story may be sent to tww.feedback@m2.com))


 

US SUMMARY: Stocks Mixed Amid Plenty Of Concerns DJIA 12221.93 loss 4.80 dn 0.04% NASDAQ 2341.77 loss 0.46 dn 0.02% S&P 500 1400.63 gain 1.15 up 0.1% Dow Future 12267.00 gain 20.00 up 0.2% NASDAQ Future 1797.00 gain 2.25 up 0.1% S&P Future 1405.25 gain 2.25 up 0.2% Euro-USD 1.3256 gain 0.0014 up 0.1% 10-Yr US Treasury: 4.46% down 0.06 (Futures values, Treasury, EUR/USD Data as of 0550 GMT) Wall Street ended an erratic session little changed Thursday as strength in energy stocks offset a weak manufacturing data and a disappointing forecast from Wal-Mart Stores. The dollar continued its fall, while Treasurys and oil rose. STOCKS: Equities found some leadership from the likes of Chevron and Exxon Mobil. The big oil companies were bolstered by a five-session rally in the price of crude, which is now trading at its highest point since mid-September. However, the markets were weighed by a disappointing reading of the Chicago Purchasing Managers index, which fell to 49.9 in November from 53.5 in October. A reading below 50 suggests economic contraction. It was the first reading below 50 since April 2003. Investors concern is that the index is a precursor of the nationwide purchasing managers report to be issued Friday by the Institute for Supply Management. Also curbing the markets advance was Wal-Marts announcement that sales at stores open at least a year, an important retail benchmark known as same-store sales, would likely be flat to up just 1 percent in December. The forecast from the worlds largest retailer raised concerns about the health of consumer spending. Peter Schiff, president of Euro Pacific Capital Inc., is bearish on the stock market and contends Wall Street is treating the weakening dollar too lightly. "I think there is some concern building internationally," he said, referring to the state of the dollar. He cited a rise in the price of commodities such as gold, silver and oil. The Wall Street Journal, citing a person familiar with the matter, reported Thursday on its Web site that the billionaire investor Kirk Kerkorian sold his entire remaining investment in GM of 28 million shares at $29.95 a share, a transaction worth more than $800 million. The newspaper reported that the shares were sold to Bank of America, a key lender to Kerkorian. FOREX: The dollar is continuing to fall in Asia and Europe having been trounced Thursday. The currencys slide, largely triggered by a weak U.S. manufacturing report, pushed the euro through a series of 20-month highs to an intraday high at $1.3276. Sterling built on a fresh 14-year peak to $1.9699, while the dollar dropped to nearly a five-month low against the Swiss franc at CHF1.1963. During the New York afternoon, the dollar managed to recover from its worst levels of the day, but remained significantly down compared with late Wednesday dollars in earnest. "Without any significant technical resistance ahead of $1.35 in the euro-dollar, market players are looking to book some much-needed profits, and are unlikely to stop selling the dollar until they have good reason," said Michael Woolfolk, senior currency strategist at the Bank of New York. The market will digest a second manufacturing report Friday, with the release of the Institute for Supply Managements manufacturing index. It is expected to have firmed a bit in November, reflecting developments in some of the regional indexes. Economists are looking for an increase to 52.0 in November from 51.2 in the prior month. Yet some analysts have begun to wonder if Fridays manufacturing data will also come in below market expectations and raise the odds for a Fed rate cut. BONDS: U.S. Treasury prices closed higher Thursday in reaction to the weak data, while the market waits for more factory numbers Friday. The market will also be faced Friday with a slew of Federal Reserve speakers. These include Chairman Ben Bernanke, Philadelphia Fed President Charles Plosser, Chicago Fed President Michael Moskow and Richmond Fed President Jeffrey Lacker - the one Fed voter who has supported further rate increases in recent meetings. OIL: Light sweet crude for January delivery rose 58 cents to settle at $63.13 a barrel on the New York Mercantile Exchange. Firming technicals and buying for the Northern Hemisphere winter helped. Brent futures rose $1.19 to $64.26 on Londons ICE exchange. ASIAN SUMMARY: Markets Mixed As Investors Await US Data USD-Yen 115.76 loss 0.04 dn 0.03% AUD-USD 0.7898 gain 0.0007 up 0.08% Nikkei 225 16345.63 gain 71.19 up 0.4% Hang Seng 18924.63 loss 35.85 dn 0.2% S&P/ASX 200 5415.20 loss 46.40 dn 0.9% Taiwan Index 7613.57 gain 45.85 up 0.6% S.Korea Kospi 1433.98 gain 1.77 up 0.1% Spot Gold $646.80 loss 0.20 0.0% Brent Crude Oil $65.00 gain $0.81 up 1.2% JGB 10-year Yield 1.6050% down 0.0400 (All values as of 0550 GMT) STOCKS: Japanese stocks edged higher but the rest of Asia was mixed, with investors uncommitted before the release later Friday of U.S. data. Earlier, Japan reported that its unemployment rate fell to 4.1 percent for October, from 4.2 percent in September. It also said that Japans core consumer price index rose 0.1 percent in October from a year earlier, marking a fifth-straight month of gains, though the figure was below economists forecast of 0.2 percent. FOREX: The yen is slightly higher against the dollar, with the greenback expected to settle into a range of around Y115.30 to Y115.70, pending further signals from the U.S. Fed speakers, dealers said. The market, they added, is still debating the likely next turn in Fed policy. The yen gained slightly against the euro, which eased back on profit-taking from its latest runup. The euro/yen will likely inch a touch lower Friday. BONDS: Prices of Japans government bonds rose as the government reported tame inflation data, lessening chances for a near-term rate hike by the Bank of Japan. METALS: Spot gold was at $646.90, down from the New York close of $647.00 an ounce, with one Hong-Kong-based trader calling the market "totally dollar-driven." Copper futures fell slightly, but firm prices in other commodities cushioned the decline, which came on some liquidations of long positions, dealers said. Coppers technicals were wobbly. OIL: Light, sweet crude for January delivery fell 46 cents to $62.67 a barrel on the New York Mercantile Exchange in Singapore trading. The retreat came as worries eased over the possibility that OPEC would significantly reduce output to boost prices, following a remark by Venezuela that the cartels members had agreed to keep oil at $50 a barrel. EUROPEAN OUTLOOK: Stocks Likely To Rebound Euro-USD 1.3254 gain 0.0012 up 0.09% Stlg-USD 1.9675 gain 0.0016 up 0.08% USD-Franc 1.1974 loss 0.0006 dn 0.05% (All values as of 0550 GMT) All asset classes are expected to see positive starts in Europe. STOCKS: European markets are set for an opening rebound after late-session gains in New York and a strong performance in Tokyo. U.K. spreadbettor IG Index is calling the FTSE up 27 points at 6075, and the DAX and CAC up 23 each at 6332 and 5350 respectively. In corporate news, Alcatel of France and Lucent Technologies completed their cross-Atlantic $11.6 billion merger Thursday to create the largest supplier of network communications equipment in the world. EADS shareholders reached an agreement on a EUR10 billion financing deal for the Airbus A350 airliner, the Financial Times reported. The deal enables the companys board to approve the aircrafts launch at a meeting slated for Friday. Nokia said Friday that sales of its mobile phones in China between January and September grew more than 45% from the same period last year. Most European shares turned lower on Thursday because of some weak U.S. manufacturing data that placed further pressure on the dollar. Downside was limited by gains from miners such as Rio Tinto and BHP Billiton. FOREX: The euro has immediate resistance at around $1.3275. A break would clear the way to $1.3475 and support is put at $1.3205. Dealers may want to wait for the U.S. data and Fed speeches later before betting more on a Fed rate cut. BONDS: European government bond prices are likely to rise to start. They tracked Treasurys higher Thursday after weak U.S. economic data helped shake the market from a moribund early session, analysts said. The firm euro continues to provide backing for government debt, especially with signs that the U.S. economy is slowing. Analysts said the recent euro zone data were unlikely to stop the ECB from delivering a widely expected quarter of a percentage point hike in interest rates to 3.5% in December. (MORE TO FOLLOW) Dow Jones Newswires December 01, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 01 Dec 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING:Stocks To Rebound; Data Eyed-2 CALENDAR: Friday, Dec 1: Factory Data; Central Bankers GMT Expected Previous 0845 ITA Nov Italy RBS / ADACI PMI Mfg 55.9 56.2 0850 FRA Nov France CDAF / RBS PMI Mfg 56.3 56.3 0855 GER Nov Germany RBS / BME PMI Mfg 58.5 58.2 0930 UK Nov CIPS PMI Mfg 53.8 53.7 1000 EU Oct Unemployment 7.8% 7.8% 1215 EU ECB Member Tumpel-Gugerell speaks at conference, Madrid 1400 US Fed Chmn Bernanke gives welcoming speech at the International Research Forum, Washington 1430 US Philadelphia Fed Pres Plosser gives welcoming remarks at Philadelphia Fed policy forum 1500 US Nov ISM Mfg Index 52.0 51.2 1500 US Oct Construction Spending -0.3% -0.3% 1600 UK Nov JPMorgan Global PMI Mfg 53.9 1700 US Chicago Fed Pres Moskow speaks on the economy 1845 US Richmond Fed Pres Lacker speaks at Fed Policy Forum, Philadelphia -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com (MORE TO FOLLOW) Dow Jones Newswires December 01, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 01 Dec 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Ahold (AHO): 3Q Earnings Average net profit (DJ, 6 analysts): EUR196M (EUR239M loss) Note: 3Q 2005 was hit by a EUR585M charge to settle a US class action law suit. Analysts will focus on Aholds sluggish US Retail operations which will have offset a strong performance of Aholds US Foodservice and Dutch operations. Ahold already warned for margin pressure at its US retail operations. Eyes also on progress of Aholds asset disposal program. Ahold has already reported 3Q sales of EUR10.32B on November 2. Results due premarket. ThyssenKrupp (TKA.XE): FY Earnings Average net profit (DJ, 12 analysts): EUR1.53B (EUR1.08B) Note: Analysts expect the company to exceed its own forecasts for sales and pretax profit, and see pretax profit 57% higher at EUR2.63B with sales 8.9% higher at EUR46.75B. Investors will eye guidance for 2007 and longer-term, any comments on a possible Dofasco buy, or alternative investment in North America. Wolverhampton & Dudley Breweries (WOLV.LN): FY Earnings Note: Paul Hickman at KBC Peel Hunt, who has a buy rating on the stock, believes the rise in the companys share price reflects investor anticipation of strong results. He highlights the strong balance sheet and the groups ability to make acquisitions, and notes there is also some bid speculation circulating with both private equity or potential trader buyer interest eyed. OTHER SCHEDULED EVENTS: Aker Kvaerner (AKVER.OS): Capital Markets Day Artwork Systems (ARTS.BT): FY Earnings Banca Intesa (BIN.MI): EGM BNP Paribas (13110.FR): Investor Presentation Freeport (FPR.LN): AGM Golden Ocean Group (GOGL.OS): 3Q Earnings IG Group Holdings (IGG.LN): Trading Update NRJ Group (12169.FR): 3Q Earnings Park Group (PKG.LN): 1H Earnings SanPaolo IMI (SPI.MI): EGM SDL (SDL.LN): Trading Update TeliaSonera (TLSN.SK): Analyst Meeting themutual.net (TMN.LN): AGM (MORE TO FOLLOW) Dow Jones Newswires December 01, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 01 Dec 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payment & Ex-Div Dates Alexandra (AXD.LN): 1H 2006 Dividend Payment Date Centaur Media (CAU.LN): FY 2006 Dividend Payment Date Christian Dior (13040.FR): 1H 2006 Dividend Payment Date Communisis (CMS.LN): 1H 2006 Dividend Payment Date Delta (DLTA.LN): 1H 2006 Dividend Payment Date Hitachi Capital (UK) (HCU.LN): 1H 2006 Dividend Payment Date IFG Group (IJG.DB): 1H 2006 Dividend Payment Date Isotron (ISO.LN): FY 2006 Dividend Payment Date Jones Apparel Group (JNY): Q3 2006 Dividend Payment Date (see JPMorgan Fleming Claverhouse Investment Trust (JCH.LN): 3Q 2006 Dividend Payment Date JPMorgan Fleming Overseas Investment Trust: FY 2006 & Special Dividend Payment Date Ladbrokes (LAD.LN): 1H 2006 Dividend Payment Date Land of Leather Holdings (LAN.LN): FY 2006 Dividend payment Date LogicaCMG (LOG.LN): Dividend Payment Date LVMH (12101.FR): 1H 2006 Dividend Payment Date Meggitt (MGGT.LN): 1H 2006 Dividend Payment Date Orascom Telecom (ORTE.CI): 1H 2006 Dividend Payment Date Viridian Group (VRD.LN): 1H 2006 Dividend Payment Date Wyeth (500095.BY): 3Q 2006 Dividend Payment Date (END) Dow Jones Newswires December 01, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.


 

Royal DSM N.V. has repurchased 557,430 of its own shares in the period from November 23, 2006 up to and including November 29, 2006 at an average price of EUR 36.65. This is in accordance with the share buyback program announced on September 27, 2006. The consideration of this repurchase was EUR 20.4 million. The total number of shares repurchased under this program to date is 5,817,775 shares for a total consideration of EUR 210.2 million. DSM DSM is active worldwide in nutritional and pharma ingredients, performance materials and industrial chemicals. The company creates innovative products and services that help improve the quality of life. DSM's products are used in a wide range of end markets and applications such as human and animal nutrition and health, cosmetics, pharmaceuticals, automotive and transport, coatings, housing and electrics & electronics (E&E). DSM's strategy, named Vision 2010 - Building on Strengths, focuses on accelerating profitable and innovative growth of the company's specialties portfolio. Market-driven growth, innovation and increased presence in emerging economies are key drivers of this strategy. The group has annual sales of over EUR 8 billion and employs some 22,000 people worldwide. DSM ranks among the global leaders in many of its fields. The company is headquartered in the Netherlands, with locations in Europe, Asia, Africa and the Americas. More information about DSM can be found at www.dsm.com. For more information: DSM Corporate Communications DSM Investor Relations Elvira Luykx Dries Ausems tel. +31 (0) 45 tel. +31 (0) 45 5782864 5782035 fax +31 (0) 45 5782595 fax +31 (0) 45 e-mail 5740680 investor.relations@dsm.com e-mail media.relations@dsm.com


 

KONE Corporation, Stock Exchange Announcement, 1 December, 2006 at 10.00 a.m. Finnish time KONE 2005A and 2005B option rights based on the KONE Corporation option program 2005 were listed on the main list of the Helsinki Stock Exchange on 1 June, 2005. Each option right entitles to subscription for six (6) class B shares at a price of EUR 8.04 per share. The remaining 2005A option rights entitle the holders to subscribe for 260,850 class B shares, and the remaining 2005B option rights for 563,160 class B shares. The series A option rights share subscription period ends on 31 March, 2008 and the series B option rights subscription period on 31 March, 2009. The share subscription timetable in 2007 is as follows: Last subscription date Increase of share capital registered 21 February, 2007 by 9 March, 2007 19 April, 2007 by 11 May, 2007 16 July, 2007 by 10 August, 2007 18 October, 2007 by 2 November, 2007 30 November, 2007 by 31 December, 2007 The Board will not handle share subscriptions between the end of the accounting period and the Annual General Meeting 2008. Sender: KONE Corporation Jukka Ala-Mello Director, Secretary to the Board Senior Minna Mars Vice President, Corporate Communications & IR For further information, please contact: Jukka Ala-Mello, Director, Secretary to the Board, tel. +358 (0)204 75 4226 KONE is one of the world's leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators and innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2005, KONE had annual net sales of EUR 3.2 billion and about 27,000 employees. Its class B shares are listed on the Helsinki Stock Exchange. www.kone.com


 

Nordic Business Report-December 1, 2006-BasWare Corporation wins significant contract in the US (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish IT company BasWare Corporation said on Thursday (30 November) that its US subsidiary, BasWare Inc, has signed a significant agreement with a leading medical technology company to provide BasWare software for Contract Lifecycle Management. The development of the product is based on BasWares current automatic Contract Matching solution. BasWare Contract Lifecycle Management will be developed to meet clear market demand for integrated contract management and automated 5-way matching. According to the agreement the BasWare solution will have 3,200 end users at the client. The value of the contract was not disclosed. BasWare Corporation, headquartered in Espoo, Finland, is the global leader in Enterprise Purchase to Pay and Financial Management solutions. Over 450,000 users depend on BasWare software to automate business-critical financial processes. BasWare is listed on the Nordic Exchange in Helsinki. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Elektrobit Group Plc completes sale of Network Test Business (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish development and engineering services company Elektrobit Group Plc said on Thursday (30 November) that it has completed the sale of its Network Test Business to international IT company Anite Group plc. The transaction comprised the entire issued share capital of Elektrobits subsidiaries, Nemo Technologies Ltd and Elektrobit Group Pte Ltd, and certain other related assets. The Network Test Business develops, produces and sells a range of software-based testing solutions for the measurement and analysis of the quality of the air interface between mobile terminals and the radio access infrastructure. The cash consideration payable to Elektrobit was valued at EUR85m. An additional amount, capped at EUR12m, is payable in cash upon the achievement of certain financial performance targets in 2007. Elektrobits product portfolio covers 3G smartphone platform, IP radio base station modules, in-car software, and testing, material handling and process automation equipment for the electronics industry and teleoperators. Elektrobit employs some 2,000 professionals in 15 countries. The net sales for the year 2005 totalled EUR212.5m. Elektrobit is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-Neste Oil to build second biodisel plant in Porvoo, Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish oil refining company Neste Oil Corporation said on Thursday (30 November) that it has decided to build a second plant to produce premium-quality biodiesel at its Porvoo refinery in Finland. The capital costs of the plant, scheduled to begin production towards the end of 2008, are estimated to be around EUR100m. The plant will have the same capacity, 170,000 t/a, as the first one at Porvoo due to start up in summer 2007. Neste Oils synthetic NExBTL biodiesel will be the worlds first second-generation biodiesel to be launched commercially. Neste Oil has two projects under way related to starting biodiesel production elsewhere in cooperation with Total in France and OMV in Austria. Neste Oil is a refining and marketing company focusing on traffic fuels. The company has two refineries in Finland, operates a service station chain and has a fleet of some 30 ships. Neste Oil is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-December 1, 2006-OMX AB completes acquisition of the Iceland Stock Exchange (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Nordic stock exchange operator OMX AB said on Thursday (30 November) that it has finalised the acquisition of Eignarhaldsfelagid Verdbrefathing (EV), owner of the Iceland Stock Exchange (ICEX) and the Icelandic Securities Depository (ISD). The payment to EVs shareholders is, as previously communicated, 2,067,560 newly issued OMX shares and the total number of outstanding shares has consequently increased to 120,640,467 as of today (1 December). OMX is also paying a preliminary cash consideration equal to EVs surplus cash and marketable securities of ISK409m. The inclusion of EV into OMXs accounts will take effect on December 1 and the OMX share will be listed also on ICEX on that same date. OMX operates the Nordic Exchange, which offers access to approximately 80% of the Nordic and Baltic securities markets. One British pound (GBP) is worth approximately 129.46 Icelandic kronur (ISK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Martinsried/Munich, December 1, 2006. The biotech company MediGene AG (Frankfurt, Prime Standard: MDG) announced today that the approval has been granted in Germany of the six-month dosage of Eligard® (Eligard® 45 mgs). The drug for the treatment of advanced prostate cancer is currently available in Germany and other European countries as a one-month and a three-month dosage. The newly approved product releases the active substance continuously over a period of six months. The six-month dosage in unique among sustained release prostate cancer products. The marketing authorisation application was submitted to the German regulatory authority BfArM (Bundesinstitut für Arzneimittel und Medizinprodukte = Federal Institute for Drugs and Medical Devices) by MediGene's marketing partner Astellas Pharma, Inc. Dr. Peter Heinrich, CEO of MediGene AG, comments: "Eligard® is the first six-month dosage of an LH-RH agonist that has obtained marketing authorisation. This is a major improvement, since the patients are injected with the depot only once every six months. The physicians as well as the patients will now have the option of choosing a more convenient method of administration. We also expect this obvious competitive advantage to have a positive effect on the sales figures for Eligard®." MediGene acquired the license for pan-European commercialization of Eligard® from the US Company Atrix Laboratories, Inc. (now known as QLT USA, Inc.) in April 2001, and successfully took the drug through the approval procedure in Germany and 23 other European countries. Since May 2004, Eligard® has been marketed in Europe very successfully by MediGene's partner Astellas Pharma. Currently Eligard® is available as one-month (7.5 mgs), and three-month (22.5 mgs) depot product. About Eligard®: Eligard® is an LH-RH agonist (LH-RH = luteinizing hormone-releasing hormone) which significantly and consistently reduces the testosterone level in the body, thus suppressing tumor growth in patients suffering from advanced, hormone-dependent prostate cancer. Eligard® (active substance: leuprolide acetate) combines standard hormone therapy with a novel, patient-friendly and efficient depot technology, the Atrigel® Delivery System. Liquid Eligard® is injected subcutaneously into the patient where it forms a solid implant, slowly and steadily releasing the drug, as the biodegradable depot disintegrates. Clinical trials have shown that Eligard® is safe, well tolerated and effective. This press release contains forward-looking statements that involve risks and uncertainties. The forward-looking statements contained herein represent the judgment of MediGene as of the date of this release. These forward-looking statements are no guarantees for future performance, and the forward-looking events discussed in this press release may not occur. MediGene disclaims any intent or obligation to update any of these forward-looking statements. MediGeneTM is a trademarks of MediGene AG, Atrigel® is a registered trademark of QLT USA, Inc., Eligard® is a trademark of Sanofi-Synthelabo Inc.. - Ends - MediGene AG is a publicly quoted (Frankfurt: Prime Standard: MDG) biotechnology company located in Martinsried/Munich, Germany, with subsidiaries in Oxford, UK and San Diego, USA. MediGene is the first German biotech company with a drug on the market. A second drug, Polyphenon® E Ointment, has been approved by the FDA. In addition, several drug candidates are currently in clinical development. MediGene also possesses innovative platform technologies. The company's core competence lies in research and development of novel approaches in anti cancer therapies. Thus MediGene focuses on indications of high medical need and great economic opportunities. Contact MediGene AG: Julia Hofmann / Dr. Georg Dönges, Public Relations: Tel.: ++49 - 89 - 85 65 - 3317 Dr. Michael Nettersheim, Investor Relations: Tel.: ++49 - 89 - 85 65 - 2946 Email: investor@medigene.com Fax: ++49 - 89 - 85 65 - 2920 --- End of Message --- WKN: 502090; ISIN: DE0005020903 ; Index: Prime All Share, CDAX, TECH All Share, HDAX, MIDCAP, TecDAX; Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Geregelter Markt in Frankfurter Wertpapierbörse;


 

BILTHOVEN, The Netherlands - December 1, 2006 --- ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) today announced that its subsidiary, ASM Japan K.K., received multiple orders for its Dragon® 2300 systems from a leading Flash Memory manufacturer in Asia. The Dragon PECVD systems will be shipped to the customer's facilities beginning in the fourth quarter of 2006, and used in the deposition of thin film dielectric layers. "With its low cost of ownership, high throughput per foot print, and superior design features, the Dragon 2300 is an ideal tool for the rapidly expanding memory market, particularly in addressing the critical process requirements in device manufacturing lines," said Tominori Yoshida, ASM's PECVD Business Unit Manager. "The fact that the Dragon 2300 combines high reliability, low maintenance time, and superior process control gives customers a huge advantage in High Volume Manufacturing. And its compact footprint offers device manufacturers added flexibility in their factory planning. " Other features of the Dragon 2300 include: * Parallel Dual Process Chambers offering superior process performance in high volume production of thin film dielectrics, such as SiN, and SiO * State-of-the-art platform design providing industry-leading reliability and low maintenance-cycle time * Unique process chamber enabling rapid multi-deposition-one-clean cycle, further enhancing throughput * At only 2.2m2 - the industry's smallest footprint among 300mm PECVD tools. About ASM International ASM International N.V. and its subsidiaries design and manufacture equipment and materials used to produce semiconductor devices. The company provides production solutions for wafer processing (Front-end segment) as well as assembly and packaging (Back-end segment) through facilities in the United States, Europe, Japan and Asia. ASM International's common stock trades on NASDAQ (symbol ASMI) and the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit ASMI's web site at www.asm.com. Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: All matters discussed in this statement, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholder and other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, epidemics, and other risks indicated in the Company's filings from time to time with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's reports on Form 20-F and Form 6-K. The Company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances. Contacts: Mary Jo Dieckhaus Investor Relations +1 212-986-2900 MaryJo.Dieckhaus@asm.com Willem Vermeulen Corporate Marketing +31 (0)30-229-8551 Willem.Vermeulen@asm.com


 

PRESS RELEASE Crucell Awarded Contracts of Over $230 Million for Quinvaxem(TM) and Hepavax-Gene® Vaccines Leiden, The Netherlands, December 1, 2006 - Dutch biotechnology company Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) announced today that it has been awarded contracts totaling over US $230 million for its Quinvaxem(TM) and Hepavax-Gene® paediatric vaccines by supranational organizations. The contracts cover the next three years until 2009, with the awarded amount growing over those three years. Following the WHO prequalification in September 2006 the combination vaccine was made available to supranational purchasing organizations. Supranational organizations are major customers for combination vaccines, which are used in large vaccination programs in developing countries. Quinvaxem(TM), a fully-liquid pentavalent vaccine for children, was co-developed with Novartis Vaccines and Diagnostics and is produced in Crucell's laboratories in South Korea. The vaccine combines antigens for protection against five important childhood diseases: diphtheria, tetanus, pertussis (whooping cough), hepatitis B and Haemophilus influenzae type b, one of the leading causes of bacterial meningitis and pneumonia in children. Current demand for the Quinvaxem® vaccine exceeds 50 million doses. The total market potential is 150 million doses per year in 3 to 4 years. The Hepavax-Gene®, recombinant hepatitis B vaccine, is one of the WHO's pre-qualified vaccines for active immunization against the hepatitis B virus. Young children infected with HBV are the most likely to develop chronic infections. Hepavax-Gene® was internationally introduced in 1996 and has become one of today's major hepatitis B vaccines supplied to more than 90 countries. "The multiple year contracts that the supranational organizations have granted to Crucell, underline Crucell's position as a leading supplier of important vaccines. Quinvaxem(TM) is the first internationally available fully-liquid vaccine containing these five life saving antigens and it will make a significant contribution to children's vaccination programs in the developing world," stated Crucell's CEO, Dr Ronald H.P. Brus. "Quinvaxem(TM) will be an important contributor to the Company's 2006 total revenues, estimated between EUR 140 million - EUR 150 million and its aim to achieve cash break-even in 2007." About Crucell Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) is a biotechnology company focused on research, development and worldwide marketing of vaccines and antibodies that prevent and treat infectious diseases. Its vaccines are sold in public and private markets worldwide. Crucell's core portfolio includes a vaccine against hepatitis B, a fully-liquid vaccine against five important childhood diseases, and a virosome-adjuvanted vaccine against influenza. Crucell also markets travel vaccines, such as the only oral anti-typhoid vaccine, an oral cholera vaccine and the only aluminum-free hepatitis A vaccine on the market. The Company has a broad development pipeline, with several Crucell products based on its unique PER.C6® production technology. The Company licenses this and other technologies to the biopharmaceutical industry. Important partners and licensees include DSM Biologics, sanofi aventis, GSK and Merck & Co. Crucell is headquartered in Leiden (the Netherlands), with subsidiaries in Switzerland, Spain, Italy, Korea and the US. The Company employs about 900 people. For more information, please visit www.crucell.com. Forward-looking statements This press release contains forward-looking statements that involve inherent risks and uncertainties. We have identified certain important factors that may cause actual results to differ materially from those contained in such forward-looking statements. For information relating to these factors please refer to our Form 20-F, as filed with the U.S. Securities and Exchange Commission on July 6, 2006, and the section entitled "Risk Factors". The Company prepares its financial statements under generally accepted accounting principles in the United States (US GAAP) and Europe (IFRS). For further information please contact: Crucell N.V. Leonard Kruimer Chief Financial Officer Tel. +31 (0)71 524 8722 l.kruimer@crucell.com Paul Vermeij Director Investor Relations and Corporate Communications Tel. +31 (0)71 524 8718 p.vermeij@crucell.com For Crucell in the US: Redington, Inc. Thomas Redington Tel. +1 212-926-1733 tredington@redingtoninc.com


 

Q3 2006 Highlights * Pre-tax income up ¤55 million to ¤237 million, excluding the ¤896 million provision for securities class action settlement in 2005 * Operating income up 7.5% to ¤273 million, excluding settlement effect * Stop & Shop / Giant-Landover arena operating margin down from 5.3% to 4.4% * Albert Heijn arena operating margin increases from 4.3% to 6.7% * USF operating margin increases from 1.2% to 1.9% * ICA: Ahold's share of net income increases to ¤58 million Amsterdam, the Netherlands, December 1, 2006 - Ahold today published its interim financial report for the first three quarters of 2006. Anders Moberg, President and CEO of Ahold, said: "As we anticipated, the third quarter was more challenging than the second quarter for U.S. retail, reflecting increased competitor activity and weaker economic conditions, leading to margin pressure. We expect the fourth quarter to be equally challenging. Albert Heijn operating income showed sharp improvement as a result of increased net sales and cost containment. Overall we expect underlying retail net sales growth for the full year to exceed our 2.5 to 3% target, underlying retail operating margin to be at the lower end of 4 to 4.5% and U.S. Foodservice to reach its 1.7% operating margin target." Financial performance Third Quarter 2006 Net sales were ¤10.3 billion, up 0.7% from the same period last year. At constant exchange rates, net sales were up 3.7%. Operating income increased by ¤915 million to ¤273 million. Excluding the ¤896 million impact of the provision for the securities class action settlement in 2005, the increase was ¤19 million or 7.5%. Retail operating income was up ¤12 million at ¤232 million, an operating margin of 3.4%, slightly better than last year. U.S. Foodservice operating income was up ¤24 million to ¤67 million, an operating margin of 1.9%, compared to 1.2% in the same period last year. Group Support Office costs - at ¤26 million - were down by ¤20 million compared to last year, excluding the class action settlement and the release of a ¤37 million legal provision in 2005. Cash flow before financing was ¤205 million positive for the quarter but ¤111 million worse than last year, primarily due to a reduction in divestment proceeds; net debt was ¤5.1 billion (¤25 million lower than at the end of the second quarter of 2006). Year-to-Date 2006 Net sales were ¤34.9 billion, up 3.6% from the same period last year. At constant exchange rates, net sales were up 2.6%. Operating income was ¤1.1 billion. Retail operating income was up ¤139 million at ¤1 billion, an operating margin of 4.3%, compared to 3.8% in the same period last year. U.S. Foodservice operating income was up ¤101 million to ¤195 million, an operating margin of 1.7%, compared to 0.8% in the same period last year. Group Support Office costs - at ¤85 million - were ¤928 million lower than last year. Cash flow before financing of ¤685 million positive was ¤968 million lower than last year, reflecting the class action settlement payment and a reduction in proceeds from divestments. Performance by business segment Stop & Shop / Giant-Landover For the third quarter of 2006, net sales of $3.7 billion were up 2.1% compared with the same period last year; on an identical basis, net sales were down 1.3% at Stop & Shop (1.8% excluding gasoline net sales) and down 0.5% at Giant-Landover. Operating income was down $30 million at $165 million or 4.4% of net sales, primarily due to the impact of continued negative identical sales. Year-to-date, net sales of $12.6 billion were up 0.7% compared to last year; on an identical basis, net sales were down 1.1% at Stop & Shop (1.9% excluding gasoline net sales) and down 1.5% at Giant-Landover. Operating income was up slightly to $677 million or 5.4% of net sales. Giant-Carlisle / Tops For the third quarter of 2006, net sales of $1.4 billion were up 0.3% on the same period last year; on an identical basis, net sales were up 4.8% at Giant-Carlisle (3% excluding gasoline net sales) but down 6.2% at Tops (7.3% excluding gasoline net sales). Operating income, up $38 million from the loss incurred a year ago, was $17 million or 1.2% of net sales. Excluding impairments and gains on assets, operating income was lower than last year, primarily due to increased competitive pressures at Tops, specifically in northeast Ohio. Year-to-date, net sales of $4.6 billion were 3.4% down from last year; on an identical basis, net sales were up 4.1% at Giant-Carlisle (2.2% excluding gasoline net sales) but down 6.1% at Tops (7.2% excluding gasoline net sales). Operating income, up 47.1% on a year ago, was $125 million or 2.7% of net sales. We anticipate charges related to divestments of the northeast Ohio stores in the fourth quarter. Albert Heijn For the third quarter of 2006, Arena net sales of ¤1.6 billion were up 10.3% on the same period last year. On an identical basis, net sales increased at Albert Heijn by 9.2%. Arena operating income was ¤107 million or 6.7% of net sales - up ¤45 million from the prior year, as Albert Heijn benefited from increased sales leverage and cost reductions. Year-to-date, Arena net sales of ¤5.4 billion were up 7.5% on the same period last year. On an identical basis, net sales increased at Albert Heijn by 6%. Arena operating income was ¤311 million or 5.8% of net sales - up 42% from the prior year. Central Europe For the third quarter of 2006, net sales decreased 2.5% to ¤423 million. At constant exchange rates and excluding the impact of a change in the accounting period from three months to 12 weeks, net sales increased 3.6%. On an identical basis, Arena net sales fell 6.1%. The Arena reported a combined operating loss of ¤31 million, including an impairment loss of ¤19 million, following the announcement on November 6, 2006 to divest the activities in Slovakia. Year-to-date, net sales of ¤1.4 billion were up 12.1% on last year. On an identical basis, Arena net sales fell 6%. The three markets had a combined operating loss of ¤24 million. Schuitema For the third quarter of 2006, net sales grew 1.1% to ¤716 million - an increase predominantly due to identical sales, which were up 1.1%. Operating income, at ¤12 million or 1.7% of net sales, was down ¤15 million from the same period last year due to competitive pressures and a ¤5 million pension adjustment. Year-to-date, net sales of ¤2.4 billion were up 2.1% on the same period last year; on an identical basis, net sales were up 1.8%. Operating income at ¤67 million or 2.8% of net sales was virtually unchanged from a year ago. U.S. Foodservice For the third quarter of 2006, net sales increased 5.0% to $4.5 billion; 4.3% at USF Broadline and 9.6% at North Star Foodservice. Net sales growth was negatively impacted by approximately 0.7% as a result of the Sofco disposition in the third quarter of 2005. Operating income was $85 million, and operating margin was 1.9%, compared to 1.2% in the same period last year. The improvement was primarily attributed to improved gross margin and continued operating efficiencies and cost reductions. A $15 million benefit from the sale of the Columbia Head Office and other assets was almost entirely offset by a step up in incentive-related accruals reflecting the strong underlying performance. USF Broadline operating income was $89 million, an operating margin of 2.3% compared to 1.6% in the same period last year. North Star Foodservice operating loss was $4 million. The operating margin of negative 0.6% compared to negative 1.3% in the same period last year. Year to date net sales increased 3.7% to $14.8 billion; 3.4% at USF Broadline and 5.9% at North Star Foodservice. Net sales growth was negatively impacted by approximately 1% as a result of the Sofco disposition in the third quarter of 2005. Operating income for the first three quarters of 2006 was $244 million resulting in an operating margin of 1.7%, compared to 0.8% in the same period last year. USF Broadline operating income for the first three quarters of 2006 was $255 million, an operating margin of 2% compared to 1.1% in the same period last year. North Star Foodservice operating loss for the first three quarters of 2006 was $11 million, an operating margin of negative 0.5% compared to negative 0.7% in the same period last year. Unconsolidated joint ventures and associates For the third quarter of 2006, net sales increased 6.4% (6% at constant exchange rates). Ahold's share of net income increased 63% to ¤67 million, driven by ICA, where Ahold's share of net income increased ¤30 million to ¤58 million reflecting improved margins, strong net sales at ICA Sweden and the gain on the sale of ICA Meny. Year-to-date, net sales increased 3.7% (3.9% at constant exchange rates). Ahold's share of net income increased 59% to ¤140 million, driven by ICA, where Ahold's share of net income increased ¤55 million to ¤120 million. Ahold Press Office: +31 (0)20 509 5343 Other information Ahold has received notification from Aegon Custody B.V. that it wishes to convert the cumulative preferred financing shares it holds into common shares. The exact number of shares is to be determined. However as agreed by the general meeting of shareholders on March 3, 2004, the maximum number of common shares resulting from this conversion will be 30,494,291. Non-GAAP financial measures: * Net sales at constant exchange rates. In certain instances, net sales exclude the impact of using different currency exchange rates to translate the financial information of certain of Ahold's subsidiaries to euros. For comparison purposes, the financial information of the previous year is adjusted using the average currency exchange rates for the third quarter of 2006 in order to understand this currency impact. In certain instances, net sales are presented in local currency. Management believes these measures provide a better insight into the operating performance of foreign subsidiaries. * Identical sales, excluding gasoline net sales. Because gasoline prices have recently experienced greater volatility than food prices, management believes that by excluding gasoline net sales, this measure provides a better insight into the recent positive effect of gasoline net sales on Ahold's identical sales. * Operating income (loss) in local currency. In certain instances, operating income (loss) is presented in local currency. Management believes this measure provides a better insight into the operating performance of foreign subsidiaries. * Income (loss) before income taxes - or pre-tax income, excluding the impact of the securities class action settlement. Management believes that by excluding the impact of the securities class action settlement, this measure allows for better comparisons to prior periods and provides a better insight into Ahold's operating performance. * Operating income, excluding the impact of the securities class action settlement. Management believes that by excluding the impact of the securities class action settlement, this measure allows for better comparisons to prior periods and provides a better insight into Ahold's operating performance. This earnings release should be read in conjunction with Ahold's interim financial report for the first three quarters of 2006, which is available on www.ahold.com. This release contains certain non-GAAP financial measures, including net debt, which are further discussed in the interim financial report. The data provided in this earnings release are unaudited and are accounted for in accordance with IFRS. In case of any discrepancy between the English version and the Dutch version of this release, the English version prevails. Forward-looking statements notice Certain statements in this earnings release are forward-looking statements within the meaning of the U.S. federal securities laws. These statements include, but are not limited to, statements as to expectations regarding challenges during the fourth quarter of 2006, including challenges regarding competition and economic conditions, and statements as to the expected underlying retail net sales growth, retail operating margins and U.S. Foodservice operating margin for the full year 2006. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold's ability to control or estimate precisely, such as the effect of general economic or political conditions, fluctuations in exchange rates or interest rates, increases or changes in competition in the markets in which Ahold's subsidiaries and joint ventures operate, the actions of Ahold's competitors, joint venture partners, vendors, unions, contractors and other third parties, the actions of Ahold's customers, including their acceptance of Ahold's plans and strategies, Ahold's ability to implement and complete successfully its plans and strategies and to meet its targets, including its ability to reduce costs or realize cost savings, the benefits from and resources generated by Ahold's plans and strategies being less than or different from those anticipated, the costs or other results of pending or future investigations or legal proceedings, actions of courts, law enforcement agencies, government agencies and third parties, as well as Ahold's ability to defend itself in connection with such investigations or proceedings, Ahold's ability to complete planned divestments on terms that are acceptable to Ahold, changes in Ahold's liquidity needs, the actions of Ahold's shareholders, unanticipated disruptions to Ahold's operations, including disruptions due to labor strikes, work stoppages, or other similar interruptions, increases in the cost of healthcare, pensions or insurance, increases in energy costs and transportation costs, any slowdown in independent restaurant growth, rapid fluctuations in costs for not for resale products where such fluctuations cannot be passed along to Ahold's customers on a timely basis, Ahold's ability to recruit and retain key personnel and other factors discussed in Ahold's public filings. Many of these and other risk factors are detailed in Ahold's publicly filed reports. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this earnings release. Ahold does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this earnings release, except as may be required by applicable securities laws. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of "Royal Ahold" or simply "Ahold." Please open the links below for the Interim Financial Report Q3 2006 and the Q3 2006 Earnings Release.


 

Focuses Evotec on core business drug discovery and development Hamburg, Germany | Oxford, UK - Evotec AG (Frankfurt Stock Exchange: EVT, TecDAX 30) yesterday evening announced that PerkinElmer Inc. (NYSE: PKI) signed a definitive agreement to acquire Evotec Technologies GmbH in a cash transaction valued at approximately EUR 23 million. Evotec Technologies is a majority owned subsidiary of Evotec AG, which provides systems for confocal imaging, cell handling, ultra-High Throughput Screening (uHTS) as well as image capture and cellular analysis software. The transaction is subject to regulatory approvals and other customary closing conditions and closing is expected to occur late December 2006 or early 2007. Evotec Technologies will be deconsolidated from Evotec's financial statements as of 01.01.2007. "With its sophisticated product portfolio and its strong customer base Evotec Technologies has grown into a position of strength. To bring the company to the next level of its development, a partnership with a global provider of instrumentation and consumables became paramount. We believe that PerkinElmer is best positioned to leverage Evotec Technologies' full potential," said Joern Aldag, CEO of Evotec AG. "This transaction is another milestone in our strategy to focus Evotec on its drug discovery and development business. Together with the sale of certain technology assets of Evotec Technologies to Olympus earlier in the year, the combined divestments value Evotec Technologies at approximately EUR 30 million. The cash proceeds will provide us with additional flexibility to progress and expand our Central Nervous System pipeline." "Over the past years we have positioned Evotec Technologies to become the premium international supplier of tools and technologies for modern cellular research. Our cutting edge cell analysis, automation and software solutions are the foundation of our leading position in this market segment," commented Prof Carsten Claussen, CEO of Evotec Technologies GmbH. "This is the time to exploit our potential as part of a larger entity with a significantly broader sales force, portfolio strategy and R&D resources. We look forward to becoming the Center for Cellular Sciences in Hamburg within the PerkinElmer group." Evotec Technologies' high-performance HCS instruments and image analysis software help pharmaceutical, biotechnology and academic researchers automate cell screening and analysis for drug discovery. Included in the company's portfolio is the Opera(TM) HCS platform, a premier tool for high content analysis that combines the precision of confocal microscopy with the throughput required for primary and secondary screening. This technology is intended to enable researchers to move drug candidates more quickly and confidently through preclinical and clinical phases. "Our customers today require unique, flexible tools and platforms that produce better quality and biologically relevant data for mapping cellular events to new discoveries," said Gregory L. Summe, Chairman and Chief Executive Officer, PerkinElmer, Inc. "Evotec Technologies' strong product portfolio - combined with PerkinElmer's global distribution capabilities, service and support - will help our customers speed target validation and lead optimisation along the drug discovery value chain." Conference Call Evotec will host a conference call today at 11.00 a.m. CET (10.00 a.m. GMT/5.00 a.m. US time East Coast). Joern Aldag, President & CEO and Dr Dirk Ehlers, CFO will lead the call. Conference call numbers: Europe: +49.(0)69.5007 1307 (Germany) +44.(0)20.7806 1955 (UK) US: +1.718.354 1388 A replay of the conference call will be available for 24 hours and can be accessed in Europe by dialling +49.(0)69.22222 0418 (Germany) or +44.(0)20.7806 1970 (UK) and in the US by +1.718.354 1112. The access code is 4384847#. Notes to the editor About Evotec Technologies Evotec Technologies GmbH is the world's leading provider of confocal detection devices (Opera(TM), Clarina(TM), Insight(TM) Cell), cell handling devices (CytoClone(TM), Cytocon(TM)) and ultra-High-Throughput Screening (uHTS) systems (EVOscreen®, plate::explorer(TM)). The Company's product portfolio is focused on high-end technologies for automated cell biology. Evotec Technologies employs 85 people, primarily at its main site in Hamburg, Germany. In 2005, the company generated sales of EUR 17.0 million. www.evotec-technologies.com About PerkinElmer PerkinElmer, Inc. is a global technology leader driving growth and innovation in Health Sciences and Photonics markets to improve the quality of life. The Company reported revenues of $1.5 billion in 2005, has 8,000 employees serving customers in more than 125 countries, and is a component of the S&P 500 Index. www.perkinelmer.com About Evotec AG Evotec is a leader in the discovery and development of novel small molecule drugs. Both through its own discovery programmes and through contract research partnerships, the Company is generating the highest quality research results for its partners in the pharmaceutical and biotechnology industries. In proprietary projects, Evotec specialises in finding new treatments for diseases of the Central Nervous System. In 2005, Evotec generated sales of EUR 80 million with 600 employees located in Hamburg, Germany and near Oxford and in Glasgow, UK. www.evotec.com Contact: Anne Hennecke, Director, Investor Relations & Corporate Communications, Evotec AG, Phone: +49.(0)40.56081-286, anne.hennecke@evotec.com --- End of Message --- WKN: 566480; ISIN: DE0005664809 ; Index: TecDAX, Prime All Share, CDAX, HDAX, MIDCAP, TECH All Share; Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover;


 

(Holzminden/Frankfurt) Symrise AG specified further details of the planned IPO today together with the selling shareholders and the joint bookrunners, Deutsche Bank and UBS Investment Bank. The offer period will begin December 1, 2006 and is expected to end on December 8, 2006 at 12:00 p.m. (Central European Time) for private investors and at 5:00 p.m. (Central European Time) for institutional investors. The price range will be EUR 15.75 to EUR 17.75. The offering relates to a total of up to 70,461,181 shares, consisting of up to 37,800,000 shares from a capital increase and up to 32,661,181 shares from the holdings of the selling shareholders, the EQT III Fund, certain co- investors, Gerberding Vermögensverwaltung and Braunschweig GmbH. Up to an additional 10,569,177 shares may be sold from the holdings of the selling shareholders to cover a potential over-allotment. The final offer price is expected to be determined and published on December 9 or 10, 2006. The first day of trading is expected to be December 11, 2006. The other conditions of the offer can be found in the German-language prospectus approved on November 24, 2006 and the supplement no. 1 to the German-language prospectus, which will be published on the Symrise AG website as soon as it has been approved by the German financial services supervisory authority (BaFin). The above-mentioned details are subject to the approval by BaFin of the supplement no. 1 to the German-language prospectus. Additional information: ISIN: DE000SYM9999 Security Identification Number: SYM999 Listing requested: Official Market (amtlicher Markt) / Prime Standard; Frankfurt Stock Exchange Registered office of the company: Germany Symrise AG Alexander Kleinke Investor Relations Mühlenfeldstrasse 1 D - 37603 Holzminden E-mail: alexander.kleinke@symrise.com Tel.: ++49 5531 90 2130 Internet: www.symrise.de Disclaimer This press release is for information purposes only and does not constitute an offer to sell, or a solicitation for an offer to buy any securities. These materials are not an offer of securities for sale in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the Securities Act), and may not be offered or sold in the United States absent registration or pursuant to an available exemption from registration under the Securities Act. Any public offering of securities of Symrise AG to be made in the United States would have to be made by means of a prospectus that could be obtained from Symrise AG and that would contain detailed information about the company and management, as well as financial statements. Neither Symrise AG nor EQT III Fund intends to register any securities referred to herein in the United States. --- End of Ad-hoc Message --- WKN: SYM999; ISIN: DE000SYM9999; Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse;


 

Evotec AG (Frankfurt Stock Exchange, Prime Standard, ISIN: DE 000 566480 9, WKN 566480) today announced that the Company has signed a definitive agreement with PerkinElmer pursuant to which PerkinElmer will acquire Evotec Technologies GmbH, Hamburg, Germany, in a cash transaction valued at approximately EUR 23 million. Evotec Technologies is a majority owned subsidiary of Evotec AG. The transaction is subject to regulatory approvals and other customary closing conditions and closing is expected to occur late December 2006 or early 2007. Evotec Technologies will be deconsolidated from Evotec's group financial statements as of 01.01.2007. This transaction is another milestone in Evotec's strategy to focus the Company on its core business - drug discovery and development. Together with the sale of single molecule detection technologies and patents to Olympus earlier in the year, the combined divestments value Evotec Technologies at approximately EUR 30 million. The cash proceeds will provide Evotec with additional flexibility to progress and expand its Central Nervous System pipeline. Excluding Evotec Technologies' 2006 contribution of approximately EUR 16-18 million in sales and EUR 3 million in R&D expenses, the remaining Evotec Group 2006 revenues are projected to be approximately EUR 66 million and 2006 R&D expenses between EUR 30 and EUR 32 million. Evotec Technologies' operating income is anticipated to be almost break-even for the full-year 2006; consequently the transaction is expected to have only a minor impact on Evotec's 2006 pro-forma operating results. The consideration and other results of this transaction are expected to be reported in the first quarter of 2007. Contact: Anne Hennecke, Director, Investor Relations & Corporate Communications, Evotec AG, Schnackenburgallee 114, 22525 Hamburg, Germany, Phone: +49.(0)40.560 81-286, anne.hennecke@evotec.com --- End of Ad-hoc Message --- WKN: 566480; ISIN: DE0005664809 ; Index: TecDAX, Prime All Share, CDAX, HDAX, MIDCAP, TECH All Share; Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover;


 

London, England - November 30, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Børs: SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 109,900 of SNSA Common Shares on the Oslo Børs at an average price of NOK 190.08 per share (approximately $30.90 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares. Accordingly, in conformity with applicable Oslo Børs requirements, we report that Stolt-Nielsen S.A., through its wholly-owned subsidiary, Stolt-Nielsen Transportation Group Ltd., after this transaction has the following ownership (in the aggregate) in Stolt-Nielsen S.A., whose Common Shares are secondarily listed on the Oslo Børs with primary listing (through ADS arrangements) in the United States: Total number of Common Shares purchased: 109,900 Total number of Common Shares owned after purchase: 6,785,240 Percentage of issued shares of such class of shares following such purchase: 10.3% Including today's purchases, the Company has purchased Common Shares totaling approximately $197.9 million under the $200 million repurchase program announced on August 25, 2005. All Common Shares purchased by SNTG are classified as non-voting shares held in Treasury and issued but not outstanding. Any further buyback transactions will be disclosed through the disclosure system of the Oslo Børs, a press release, and on the Company's website at www.stolt-nielsen.com. Contact: Richard M. Lemanski U.S. 1 203 299 3604 rlemanski@stolt.com Jan Chr. Engelhardtsen UK 44 20 7611 8972 jengelhardtsen@stolt.com About Stolt-Nielsen S.A. Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly-owned subsidiary Stolt-Nielsen Transportation Group, provides integrated transportation for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot and Southern bluefin tuna. Forward-looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and uncertainties. The following factors, and others which are discussed in the Company's public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from the Company's forward-looking statements: the general economic conditions and competition in the markets and businesses in which the Company operates; changes in the supply of and demand for parcel tanker, tank container and terminal capacity in the markets in which the Company operates; changes in the supply of and demand for the products we transport, particularly the bulk liquids, chemicals and other specialty liquids that form the majority of the products that we transport; prevailing market rates for the transportation services that the Company offers and the fish products that the Company sells; changes in bunker fuel prices; the cost and feasibility of maintaining and replacing the Company's older ships and building or purchasing new ships; uncertainties inherent in operating internationally; the outcome of legal proceedings; the Company's relationship with significant customers; the outcome of discussions with customers concerning potential antitrust claims; the impact of negative publicity; environmental challenges and natural conditions facing the Company's aquaculture business; the impact of laws and regulations; operating hazards, including marine disasters, spills or environmental damage; the conditions and factors that may influence the decision to issue future dividends; and the market for long-term debt. Many of these factors are beyond the Company's ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements. Should one or more of these risks or uncertainties occur, or should management's assumptions or estimates prove incorrect, actual results and events may vary materially from those discussed in the forward-looking statements. - end text -


 

Düsseldorf, 30.11.2006 - Wapme Systems AG has achieved a business volume totalling T¤ 7.630 (PY: T¤ 49.549) and an operative result (EBITDA) of T¤ -2.937 (PY: T¤ -3.671). The earnings before interest and taxes (EBIT) were T¤ -3.771 (PY: T¤ -4.773). The third quarter result could be decidedly improved compared to the previous year caused by the reorganization measures in the company even though the result of Lawa Group was extraordinarily burdened by a write-down of billing differences with the carriers already occurred in 2005. The operating expense of the group could be decreased by T¤ 1.075 compared to the comparison period, negatively influenced by the write-down of billing differences of TEUR 605. Effects of the head count reduction started in the first quarter in the administration and development sectors are reflected in significantly reduced personnel costs (T¤ 1.812; PY: T¤ 3.618). Overall the already initiated restructuring measures at Wapme Systems AG as well as its affiliates have led to an adequate cost structure for the group. This already shows in the month result for September 2006 as a nearly balanced result on the EBITDA level (T¤ -100). Particularly a definite positive development in the sales volume and revenues of Wapme Telco is denoted. This development has continued in the month of October and November. The realization of the convertible bond 2006/2011 has proven extremely complex and time consuming due to the difficult environment and business development for Wapme Systems AG. With the final issuing of these financing arrangements it is planned to complete restructuring of the company. Nevertheless an influx of further funds is necessary to ensure continuation of the company. For this reason, negotiations with banks have been started to provide the group with additional funds. However these negotiations have not been completed successfully so far. Against the background of the successful restructuring it is planned to enable the company to pursue its operative targets sustainably. The products added to the mobile entertainment range midyear launched promisingly. The partner TIM w.e., supplier of mobile solutions in Latin America, Portugal and Spain recently evaluated the Reverse Auction product as the most innovative in the area of mobile entertainment. The complete Nine-Month Report is available for download at www.wapme-group.de. The Board of Directors For further Information please contact: Wapme Systems AG Olivia Lindisch Vogelsanger Weg 80 D-40470 Düsseldorf Tel.: +49.211.74845.2710 Fax: +49.211.74845.299 E-Mail: ir@wapme-group.de www.wapme-group.de --- End of Ad-hoc Message --- WKN: 549550; ISIN: DE0005495501; Index: CDAX, Prime All Share, TECH All Share; Listed: Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Prime Standard in Frankfurter Wertpapierbörse, Geregelter Markt in Frankfurter Wertpapierbörse;


 

China Health Management Corp. Announces New Information Website Yunnan, China. November 30, 2006. China Health Management Corp. (CHMC), (Pink sheets: CNHC) a Nevada Corporation, is pleased to announce today that it has allowed the set up of a new website ChinaHealthManagement.com. The company spokesman stated that due to the high volume of inquiries received by the company, China Health Management Corp. has authorized this new website ChinaHealthManagement.com to better disseminate information about the company to the public at large. ABOUT THE COMPANY China Health Management Corp. is Nevada Corporation. The company is a healthcare and management company focused to operate and management of hospitals and medical industry in China. The company's goal is to establish a leading position in the high-end medical market in Yunnan Province in 3-5 years, and to secure a 40% market share of the private medical services industry. Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words ``anticipate,'' ``believe,'' ``estimate,'' ``may,'' ``intend,'' ``expect'' and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to price volatility of currency fluctuations; political, operational, and governmental approval and regulation risks in China. CONTACT: China Health Management Corp President and CEO Dr. Xu Mei 86- 871-574-4205


 

Invites Buyers to Discover Delray Beach -- On the House DELRAY BEACH, FL -- (MARKET WIRE) -- November 30, 2006 -- Southcoast Partners announces a Fly and Buy Incentive Program* inviting potential European buyers to explore the Delray Beach, Florida lifestyle and own a piece of it from their own luxury condo in the heart of it all at Worthing Place (www.worthingplace.com). Delray Beach is "...the next South Beach," according to a recent article in USA Today. Europeans looking to buy pre-construction luxury condominiums in the United States, especially South Florida, now have a limited opportunity to check out Delray Beach, Florida with the Worthing Place Free Fly and Buy Incentive Program.* "For those urbanites looking to escape to a warm climate with an active social lifestyle and incredible location, Worthing Place offers the best of both worlds -- a downtown experience in a tropical paradise," said Southcoast Partners president Bill Morris. "With our Fly and Buy Program*, we will pick up the tab for airfare, hotel, dining and fun* as a way to welcome newcomers to the community in the style they deserve." Currently in the pre-construction phase, Worthing Place will be an upscale, resort-style condominium community situated on three acres, featuring 217 one-, two- and three-bedroom residences. Prices start at $350,000 during the pre-construction phase. With its idyllic location on historic Atlantic Avenue, Worthing Place makes it easy to stop by the Green Market, hang out by the beach, enjoy a little retail therapy, browse local art galleries, check out the Worthing Place Sales Center, catch happy hour, dine at an award-winning restaurant and dance the night away. Or just take the time to relax in the tropical surroundings. "The Fly and Buy Program* is a perfect, no-risk opportunity for serious buyers," said Morris. Urban meets tropical -- with all the amenities Worthing Place marks the newest -- and most indulgent -- residential and retail development in downtown Delray Beach. Besides luxury services such as 24-hour security, concierge and valet, Worthing Place residents will enjoy resort living at its finest, including room service, cleaning, laundry, towel service, private chefs, massage, dry cleaning, dog walking and a restaurant and local retail shops on the ground floor. Discerning buyers will appreciate the attention to detail and extra touches, including high finished ceilings, large romantic balconies, and European-influenced kitchens and baths featuring stylistic touches, such as Carrera marble countertops, finished floors and upgraded fixtures, appliances and cabinetry. Location in the limelight Once a sleepy beach town, Delray Beach is now full of life, receiving national attention with recent feature articles in USA Today stating Delray Beach is "...getting hipper by the year," and describing it as "historic Florida with small town hospitality -- but modern." Known as The Village by the Sea and voted America's Best City, Delray Beach offers two miles of public beach, an array of recreational activities, destination shopping and dining and nightlife choices to suit the most selective tastes, as well as cultural attractions. "Worthing Place is the perfect place to call home with its blend of city life in a quaint beach community," said Morris. "And it's definitely our pleasure to roll out the red carpet with our Fly and Buy Program." For more information on Worthing Place, please contact Worthing Place Realty at (561) 330-3273 or visit http://www.worthingplace.com?ovchn=OTHER&ovcpn=Press+Release&ovcrn=Fly+and+Buy+Euro&ovtac=CMP * Fly and Buy Program reimbursable expenses must be pre-approved in writing and/or pre-arranged by Worthing Place personnel. Contact Emily Mazza as Worthing Place Fly and Buy Program* Administrator. Contact Emily Mazza at 561.265.1390. Reimbursement will be limited to round-trip airfare, hotel charges (two person/ one night maximum), airport transfers pre-approved or pre-arranged thru Ms. Mazza and a $100 per person per diem for food and beverages (two day maximum). All reimbursement is contingent on the execution of a contract and the closing of that contract. Reimbursement will be made at closing. Offer expires January 31 2007. Media Contact: Lisa Buyer Email Contact 954-354-1411 x14


 

BILTHOVEN, the Netherlands, November 30, 2006 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) announces the availability of the web cast of the Company's presentation at the Lehman Brothers 2006 Global Technology Conference in San Francisco on December 6, 2006. ASM International will present at 8:00 p.m. Eastern Time (5:00 p.m. Pacific Time) on Wednesday, December 6, 2006. The presentation may be accessed through the ASM International Investor Relations home page at www.asm.com. About ASM International ASM International N.V. and its subsidiaries design and manufacture equipment and materials used to produce semiconductor devices. The company provides production solutions for wafer processing (Front-end segment) as well as assembly and packaging (Back-end segment) through facilities in the United States, Europe, Japan and Asia. ASM International's common stock trades on NASDAQ (symbol ASMI) and the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit ASMI's web site at www.asm.com. ASM Contacts: Lies Rijnveld: +31 30 229 8506 Mary Jo Dieckhaus: +1 212 986 2900


 
Hitt og þetta
30. nóvember 2006

Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of business on 29 November 2006 its undiluted net asset value ("NAV") per ordinary share was 107.03p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 106.03p. The investments in the above portfolio have been valued at bid prices. ---END OF MESSAGE---


 

Norvest ehf., a company which is financially related to Brynja Halldórsdóttir, a member of the Board of Directors of Kaupthing Bank hf., has today entered into a forward contract on the purchase of 600,000 shares in the Bank. The maturity date of the contract is 1 June 2007. The average price in the transactions was 788,0833 ISK per share. Brynja Halldórsdóttir owns 9,206 shares in the bank. Parties financially related to Brynja Halldórsdóttir own 12,712,048 shares in the bank. Following the transaction parties financially related to Brynja Halldórsdóttir own 2,700,000 shares in the Bank according to forward contracts. Brynja Halldórsdóttir is an alternate member of the board of directors of Norvest ehf.


 

Elcoteq SE Press Release November 30, 2006 at 6.10 pm (EET) The Estonian Ministry for Economic Affairs and Communications together with Estonian Association for Quality have selected AS Elcoteq Tallinn as the winner of the Estonian Excellence Award 2006. Elcoteq was awarded for the best quality management performance among the nine Estonian companies that took part in the contest. This is the second time Elcoteq participated in the competition and won the award. The Estonian Excellence Award is the state's acknowledgement to an organization for achieving and maintaining high quality standards, for implementing modern management concepts in Estonia and for the achievement of excellent results in quality management. The auditors visited Elcoteq's Tallinn facilities during three days in October 2006 and interviewed employees from different functions in the plant in order to find out Elcoteq Tallinn's strengths and improvement areas. In addition to the company's excellent results in quality management, the auditors were also very impressed about Elcoteq's performance and practices concerning work environment, health and safety issues, the company's own training system for employees, efficient communications system as well as customer focus and collaboration with partners. Ms Maret Maripuu, Vice-President of Estonian Parliament handed over the award to Mr Risto Gaggl, Director, Operations for GA Europe of Elcoteq SE and General Manager of AS Elcoteq Tallinn and Mr Jukka Jäämaa, COO of Elcoteq SE on November 30, 2006 in Tallinn, Estonia. "Quality management is an integral part of our operations in all our locations throughout the world, and therefore we appreciate this award greatly," says Mr Gaggl. "This award officially proves the excellence of our Tallinn unit and underscores the fact that Elcoteq Tallinn, and Estonia in general, is an excellent location in Europe showing high efficiency and good results," Mr Jäämaa says. Elcoteq started pilot production in Tallinn in 1992. Today the Tallinn plants are among the biggest manufacturing units of Elcoteq SE. Elcoteq Tallinn operates in two plants with the total plant space of 42,000 square meters and employs approximately 3,100 people. AS Elcoteq Tallinn manufactures terminal products and communication network equipment. Quality is emphasized through the value chain of products - from product development to after-sales. According to the Estonian Statistical Office, Elcoteq Tallinn has been the biggest exporter in Estonia since 1994. ELCOTEQ SE Reeta Kaukiainen Director, Communications and Investor Relations About Elcoteq Elcoteq SE is a leading electronics manufacturing services (EMS) company with original design manufacturing (ODM) capabilities in the communications technology field. Elcoteq provides global end-to-end solutions consisting of design, NPI, manufacturing, supply chain management, and after-sales services for the whole lifecycle of its customers' products. These products include terminal products such as mobile phones and set-top boxes as well as communications network equipment such as base-stations, tower-top amplifiers, and microwave systems. The company operates in 16 countries on four continents and employs some 25,000 people. Elcoteq's consolidated net sales for 2005 totaled 4.2 billion euros. Elcoteq SE is listed on the Helsinki Stock Exchange. For more information visit the Elcoteq website at www.elcoteq.com.


 

Free for publication November 30, 2006 at 6.00 pm. EET THE SALE OF ELEKTROBIT'S NETWORK TEST BUSINESS TO ANITE has been CLOSED The sale of the Network Test business between Elektrobit Group Plc. ("Elektrobit") and Anite Group Plc. ("Anite") has been closed on 30, November 2006. In Oulunsalo, November 30, 2006 Pertti Korhonen CEO Elektrobit Group Plc. Further information: Maija-Liisa Fors Director, Investor Relations Elektrobit Group Plc. Tel. +358 40 344 2875 DISTRIBUTION: OMX Helsinki Principal media About Elektrobit Elektrobit is a Technology Company specialized in embedded software and hardware solutions for selected automotive and wireless environments. Elektrobit delivers software systems and navigation solutions for cars, advanced reference design terminals, IP radio base station modules, as well as R&D services and testing, material handling and process automation equipment for the electronics industry and teleoperators. Elektrobit employs some 2,000 professionals in 15 countries. The net sales for the year 2005 totalled MEUR 212.5. Elektrobit Group Plc. is listed on OMX Helsinki. www.elektrobit.com About Anite Anite is an international IT company whose primary business is the provision of business critical solutions based on its deep sector knowledge of the telecoms, public sector, and travel markets. These solutions almost always include at their core the supply of Anite-owned software products. The Group offers a comprehensive service to its customers, including implementation, systems integration, maintenance and managed services. Headquartered in the UK, the Group now employs around 1,300 staff in ten countries across Europe, America, and Asia Pacific.


 

ECLIPSE VCT PLC (the "Company") 30 November 2006 PURCHASE OF OWN SECURITIES Eclipse VCT plc announces that on 30 November 2006 the Company purchased for cancellation 51,000 Ordinary Shares of 10p each at a price of 86p per share. The issued share capital of the Company is now 31,047,165 Ordinary Shares. ENDS ---END OF MESSAGE---


 

Neste Oil has decided to build a second plant to produce premium-quality biodiesel at its Porvoo refinery in Finland. The capital costs of the plant, scheduled to begin production towards the end of 2008, are estimated to be around EUR 100 million. The plant will have the same capacity, 170,000 t/a, as the first one at Porvoo due to start up in summer 2007. "Biodiesel is a major growth area for us, alongside oil refining, and we are aiming to become the world's leading biodiesel producer," says President and CEO Risto Rinne. "Building a second plant at Porvoo will bring us one step further towards reaching our goal, but it will not be the only move that we'll be making. We intend building a number of such plants in various markets, both alone and together with partners. When we talk about aiming to be the leader in the field, we're not just talking about production volumes, but also about being the technology leader as well. We aim to secure this position by investing heavily in R&D on biofuels to develop technologies that will enable us to further extend the range of raw materials that we can use. Ensuring the sustainability of the raw materials is also a top priority for us." Neste Oil's synthetic NExBTL biodiesel will be the world's first second-generation biodiesel to be launched commercially; and is based on the company's long-term development efforts in the field. In terms of quality, it clearly outperforms the existing vegetable oil and crude oil-based diesel products on the market. Numerous engine tests have shown that using NExBTL biodiesel cuts tailpipe emissions significantly. "The market for premium-quality biodiesel looks very promising," continues Kimmo Rahkamo, Executive Vice President of Neste Oil's Components Division. "We decided to invest in our first NExBTL plant purely with the export market in mind, but now it appears that legislation requiring the use of biofuels on the road will also be introduced in Finland, and we need a second plant to meet domestic demand as well as growing demand elsewhere. We will benefit significantly from being able to build the second plant alongside the first one soon entering the final phases of the construction." Neste Oil has two projects under way related to starting biodiesel production elsewhere in cooperation with Total in France and OMV in Austria, and these are progressing as planned. Neste Oil Corporation Osmo Kammonen Senior Vice President, Communications For further information, please contact: President and CEO Risto Rinne on +358 10 458 4990 or Executive Vice President Kimmo Rahkamo on +358 10 458 4247. Neste Oil Corporation is a refining and marketing company specializing in advanced, clean traffic fuels, with a strategy that prioritizes growing its refining and premium-quality biodiesel businesses. Neste Oil's refineries are located in Porvoo and Naantali in Finland, and have a total refining capacity of approx. 250,000 bbl/d. The company employs around 4,600 people. Neste Oil is listed on the Helsinki Stock Exchange. For further information, see www.nesteoil.com. NExBTL (Next Generation Biomass to Liquid) is a new bio-based, premium-quality diesel fuel developed by Neste Oil that offers excellent performance, fully meeting automotive manufacturers' requirements with very low levels of tailpipe emissions. Virtually all known vegetable oil and animal fat can be used as raw materials for the highly flexible proprietary NExBTL process. The first NExBTL production plant is currently under construction at Neste Oil's Porvoo refinery. With a rated capacity of 170,000 t/a, the facility is scheduled to come on stream in summer 2007.


 

BIOTIE THERAPIES CORP. STOCK EXCHANGE RELEASE 30 November 2006 at 4.30 p.m. The Board of Directors of Biotie Therapies Corp. has approved the share subscriptions made in the Institutional Offering during the period of 29 November - 30 November 2006 for the aggregate of 25,490,197 shares. The aggregate of 25,490,197 shares were subscribed in the Institutional Offering. The subscription price was EUR 0.51 per share. The aggregate subscription price for the subscribed shares is EUR 13,000,000.47. All the shares subscribed in the Institutional Offering have been paid in full. The subscription price of the shares will be booked in its entirety to the share capital of the Company. The new shares shall be entered into the book-entry accounts of the parties who have made subscriptions after the corresponding increase of share capital has been registered with the Finnish Trade Register on 1 December 2006. As a result of the registration of the increase of share capital the Company's share capital will amount to EUR 14,053,504.89 and the number of shares to 78,165,418 accordingly. The new shares shall be subject to public trading on the stock list of the Helsinki Stock Exchange together with the old shares as of 4 December 2006. The subscription period in the Shareholder Offering under the Offering will commence on 4 December 2006 at 10.00 a.m. Turku, on 30 November 2006 Biotie Therapies Corp. Timo Veromaa President and CEO For further information, please contact: Timo Veromaa, President and CEO, Biotie Therapies Corp. tel. +358 2 274 8954, e-mail: timo.veromaa@biotie.com www.biotie.com DISTRIBUTION The Helsinki Stock Exchange Main Media


 

CashGuard AB today signed an agreement with IKEA concerning a pilot installation for CashGuard Blue for closed and fully automatic cash handling. The pilot comprises of a complete installation of the CashGuard system in a department store and will be implemented in cooperation with IKEA France during the first half of 2007. In January 2005, CashGuard AB and IKEA signed a declaration of intent in order to clarify the format for continued cooperation concerning solutions for IKEA's cash handling. The planned pilot installation is part of this cooperation, whereby IKEA and CashGuard AB will jointly evaluate the results of the project after completion of the test period. For further information, please contact: Ove Wedsjö, Managing Director and Chief Executive Officer, CashGuard AB (publ); Tel: +46-8-732 22 36, ove.wedsjo@cashguard.se Facts about CashGuard AB (publ) CashGuard develops and sells products and services for secure and fully automatic cash handling and cash logistics. Via direct sales and distribution partners, CashGuard focuses on retail companies, post offices and banks, as well as on security companies. The CashGuard Group has approximately 160 employees and had sales of SEK 214 million in 2005. CashGuard shares are listed on the Stockholm Stock Exchange


 

Nordic Business Report-November 30, 2006-Finnish Fazer Group buys Russian catering company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish meals, bakery products and confectionary company Fazer Group said on Thursday (30 November) that it is buying Russian catering company Abela Service CIS in St Petersburg. Abela Service has experience in staff restaurants within the private sector in St Petersburg. With the deal Fazer is launching its operations in the food service business in Russia. Abela Service will become a wholly owned daughter company of Fazer Amica Russia, and it will later be merged with the mother company. Abela has 70 employees and among their customers are the Finnish owned Elcoteq and Nokian Renkaat. Fazer Group, headquartered in Helsinki, Finland, offers meals, bakery products and confectionery and operates in a total of nine countries. Fazers most important associated company is Cloetta Fazer AB. Fazer Groups turnover for 2005 was EUR986m and the company employs some 15,000 people. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Georgia-Pacific to cut 130 jobs in Finland - report (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The US-based pulp and paper company Georgia-Pacific Corporation is reportedly cutting some 130 jobs in Finland. Personnel negotiations has been launched at the Nokia and Ikaalinen units, concerning 430 people, reported the Finnish news agency STT. Georgia-Pacific is based in Atlanta, Georgia, and is one of the worlds leading manufacturers and distributors of tissue, pulp, paper, packaging, building products and related chemicals. It has over 55,000 employees at 300 facilities in the United States, Canada and 11 other countries. Georgia-Pacific is owned by Koch Industries Inc, the largest privately owned company in the world by revenue. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Icelandic generic pharmaceuticals company Actavis Group to acquire Abrika Pharmaceuticals in the US (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Icelandic generic pharmaceuticals company Actavis Group said on Thursday (30 November) that it has agreed to acquire Abrika Pharmaceuticals Inc, a US-based specialty generic pharmaceuticals company engaged in the formulation and commercialisation of both controlled release ("CR") and other technically difficult pharmaceutical products. According to the agreement the initial gross consideration is EUR85m in cash. Additional earn-out payments of up to EUR96m are payable over the next three years subject to performance. The acquisition is subject to regulatory approval and is expected to close in January 2007. Following the acquisition Actavis will be one of the leading companies in the US market in development of CR products, with over 50 CR products in the pipeline, over EUR50m expected to be invested in CR development in 2007 and 100 employees dedicated in the development of CR products. Based in Fort Lauderdale, Florida, Abrika has approximately 40 employees and a management team with a strong track record of developing and marketing CR products. Abrika is forecasting revenues of EUR20m for 2007 and EUR35m in 2008. Actavis Group, headquartered in Hafnarfirdi in Iceland, is a leading developer and manufacturer of generic pharmaceuticals. It has 10,000 employees and operations in over 30 countries. Actavis Group is listed on the Iceland Stock Exchange under the ticker ACT. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Norsk Hydro ASA awarded working interests in three offshore blocks in Brazil (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian energy and materials group Norsk Hydro ASA has been awarded three new licenses offshore Brazil, the company said on Thursday (30 November). Norsk Hydro was awarded operatorship and a 40% stake in the S-M 1105 block, and 30% stakes in blocks 1109 and 1233. The blocks are located in the Santos Basin some 200 kilometres off Sao Paulo. Norsk Hydros partners in the blocks are Petrobras and Repsol. Norsk Hydro is a leading offshore oil and gas producer, and the worlds third largest integrated aluminium supplier. The company is listed on the Oslo Stock Exchange and on the New York Stock Exchange. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Norwegian IT consulting group Itera Consulting Group ASA divests unit to Agresso AS (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian IT consulting group Itera Consulting Group ASA said on Thursday (30 November) that it has signed a letter of intent to sell its Agresso-based competence unit to Agresso AS. The unit to be divested has 12 employees and an annual turnover of NOK8m. Agresso will take over six of the employees as well as all customer contracts, but the remaining six employees will be offered continued employment elsewhere within Itera Consulting Group. The sales price, which includes an earn-out part, is expected to be around NOK7m. In connection with the transaction Itera Consulting Group becomes a strategic partner to Agresso. Itera Consulting Group is headquartered in Oslo, Norway. The group comprises some 10 Scandinavian companies with a total of 270 employees. Itera Consulting Group is listed on the Oslo Stock Exchange under the ticker ITE. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Statoil ASA awards Maersk Contractors USA USD696m drilling rig contract (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian oil company Statoil ASA said on Thursday (30 November) that it has signed a four-year drilling rig charter contract with Maersk Contractors USA, part of the Danish multi-sector group AP Moller-Maersk Group. The contract, signed by Statoil Gulf of Mexico LLC and valued at USD696m, covers the charter of a drilling rig of the type DSS 21, currently under construction at the Keppel FELS yard in Singapore. The rig will be delivered in April 2008 and will then be used for wildcat drilling in deep water in the Gulf of Mexico. Statoil, headquartered in Stavanger in Norway, is an integrated oil and gas company with annual sales of over NOK390bn. Statoil is listed on the Oslo Stock Exchange and on the New York Stock Exchange. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Vetco Aibel wins NOK790m contract to upgrade Kollsnes gas processing plant in Norway (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian oil company Statoil ASA said on Thursday (30 November) that it has awarded Vetco Aibel a NOK790m contract to upgrade the Kollsnes gas processing plant near Bergen in Norway. Statoil awarded the contract on behalf of the operator Gassco. The contract covers engineering, installation/construction and commissioning of a new compressor for gas from the condensate plant, and a new condensate train, Statoil said. The investment is said to "improve opportunities for processing gas from the Troll, Kvitebjorn and Visund fields". Statoil, headquartered in Stavanger in Norway, is an integrated oil and gas company with annual sales of over NOK390bn. Statoil is listed on the Oslo Stock Exchange and on the New York Stock Exchange. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Cisco Voice, Mobility and Security Services Generate a Learning Foundation to Deliver Innovative Teaching and Learning Tools Across 67 Locations BERLIN -- (MARKET WIRE) -- November 30, 2006 -- Online Educa -- Cisco® (NASDAQ: CSCO) today announced that it has been chosen by the largest community college in the Netherlands, the Amsterdam Regional Community College (Regionaal Opleidingencentrum van Amsterdam or ROCvA), to provide voice, mobility and security services for delivering teacher tools and innovative 'connected learning' applications to 3,500 staff and 35,000 students across 67 locations. Wireless technology is being used to provide an electronic learning environment in two locations, including a major new building on Fraijlemaborg Street. ROCvA was established as a foundation under Dutch law at the initiative of local and national government in 1997, following the merger of a number of schools and colleges in Amsterdam and the nearby townships of Amstelveen, Hoofddorp and Hilversum. One of the largest colleges in Europe, the community college focuses on vocational education and training for 12-to-18-year-old and adult students. Following its creation, the college engaged Cisco in 1999 to create a standardized, centralized network infrastructure across all its locations and is now building on this with voice, wireless and security platforms. "We aim to roll out Cisco wireless and voice services across all the locations that we will be using for the next three to five years," said Hans Doffegnies, information technology director at ROCvA. "Our network infrastructure is already used widely by teachers to access workplace productivity tools and we are also hoping to increase the number of blended learning techniques currently on offer. We also want to gradually integrate connected real estate functions such as video surveillance, heating and cooling into the network." ROCvA's locations are linked on a city-wide area network (WAN) providing a minimum throughput of 100 megabits per second between sites, with 1 gigabits per second between larger locations. The end-to-end Cisco Service-Orientated Network Architecture (SONA) comprises a core of Cisco Catalyst® 6500 Series switches, with two Internet access nodes, and Catalyst 6500 Series, 4500 Series or 3750 Series switches at each location, depending on the size of the building. The WAN uses ROCvA's own fiber and supports two McData data centers along with teacher access to a standard suite of workplace tools that includes Microsoft Office, PeopleSoft Enterprise HCM for Healthcare and PeopleSoft CRM for Higher Education. ROCvA is augmenting this existing infrastructure with a range of voice, mobility and security services based on Cisco PIX 500 Series security appliances, Cisco Unified CallManager Version 4.1 call processing software and Cisco Unity Unified Messaging, and a variety of Cisco 7900 Series Unified IP Phones. Finally, ROCvA has implemented parts of the Cisco Connected Real Estate solution to manage its building controls such as heating, lighting and video surveillance over the IP network. "The Cisco Service Orientated Network Architecture allows ROCvA to run both their administrative and educational applications over the network and since everything is centralized on redundant data centers, deployment of services is very simple," said Harm-Jan Wijngaarden, education account manager, Cisco Netherlands. "The infrastructure will allow ROCvA to roll out IP telephony across all its sites, besides implementing other services such as educational IP-based video and video communication." About Cisco Systems Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. Cisco equipment in Europe is supplied by Cisco Systems International BV, a wholly owned subsidiary of Cisco Systems, Inc. Cisco, Cisco Systems, Cisco Systems logo, Catalyst and PIX are registered trademarks of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. This document is Cisco Public Information. For direct RSS Feeds of all Cisco news, please visit "News@Cisco" at the following link: http://newsroom.cisco.com/dlls/podcasts/rss.html Press and Analyst Contact: Alison Stokes Cisco +44 20 8824 0926 astokes@cisco.com


 

Nordic Business Report-November 30, 2006-Actavis acquires US generics company Abrika Pharmaceuticals (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Icelandic drug maker Actavis announced today (30 November) that it has agreed to acquire Abrika Pharmaceuticals Inc, a US-based speciality generic pharmaceuticals company engaged in the formulation and commercialisation of both controlled release (CR) and other technically difficult pharmaceutical products. Actavis has reached an agreement to acquire Abrika for an initial gross consideration of EUR85m (USD110m) in cash. Additional earn-out payments of up to EUR96m (USD125m) are payable over the next three years subject to performance. Following the acquisition Actavis will be one of the leading companies in the US market in development of CR products, with more than 50 CR products in the pipeline, over EUR50m expected to be invested in CR development in 2007 and 100 employees dedicated in the development of CR products. The enlarged group has 13 pending Abbreviated New Drug Applications for CR products with the US FDA, Actavis said. The acquisition increases Actavis critical mass and ability to leverage its position in the key US market, Actavis claimed. "Our core objective for strategic acquisitions is to find opportunities that extend our product portfolio and pipeline as well as broaden our platform for growth in core markets. Abrika entirely fits that rationale and therefore represents another significant step forward for Actavis in the US, a key market where we already generate a third of our total revenues," Actavis president and chief executive Robert Wessman said. "The addition of such an exciting, fast growing business to our group will allow us to grow our market share and take a leading position in the controlled release market," Wessman added. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjavik (IFN) Actavis announced today that it has agreed to acquire Abrika Pharmaceuticals Inc., a US based specialty generic pharmaceuticals company engaged in the formulation and commercialization of both controlled release ("CR") and other technically difficult pharmaceutical products.Actavis has reached an agreement to acquire Abrika for an initial gross consideration of EUR85 million (US$110 million) in cash. Additional earn-out payments of up to EUR96 million (US$125 million) are payable over the next three years subject to performance.Following the acquisition, Actavis will be one of the leading companies in the US market in development of CR products, with over 50 CR products in the pipeline, over EUR50 million expected to be invested in CR development in 2007 and 100 employees dedicated in the development of CR products. The enlarged Group has 13 pending ANDAs for CR products with the FDA, Actavis said. The acquisition increases Actavis critical mass and ability to leverage its position in the key US market, Actavis said. "Our core objective for strategic acquisitions is to find opportunities that extend our product portfolio and pipeline as well as broaden our platform for growth in core markets. Abrika entirely fits that rationale and therefore represents another significant step forward for Actavis in the US, a key market where we already generate a third of our total revenues," Actavis president and chief executive Robert Wessman said. 


 

Nordic Business Report-November 30, 2006-Finnish industrial output down in October 2006 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Finland, the Finnish state statistics agency, said on Thursday (30 November) that Finnish seasonally adjusted industrial output decreased by 2.7% in October 2006 from September. The seasonally adjusted volume of industrial output increased by 1.2% year-on-year from October 2005. Capacity utilisation rate in manufacturing was 85.3% in October, which is 0.3 percentage points lower than in October 2005. In the pulp and paper industry capacity utilisation rate was 92% and in the metal industry 86%. Capacity utilisation rate was 81% in the chemical industry and 82% in other manufacturing. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Norwegian guest nights up in October 2006 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Norway, the Norwegian state statistics agency, said on Thursday (30 November) that the number of guest nights in Norwegian hotels reached 1.33 million in October 2006, up by 4% from October 2005. Domestic guest nights increased by 3% and non-resident guest nights by 9%. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Poyry Plc wins tall oil contract in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish consulting and engineering group Poyry Plc said on Thursday (30 November) that its Energy business group has signed an agreement with UPM-Kymmene Corporations Kymi mills for engineering, procurement and construction services for a tall oil plant. The assignment comprises a crude tall oil plant based on HDS (Hydro Dynamic Separation) technology, which is Poyry Energy Oys proprietary know-how. The tall oil project relates to UPMs rebuild of the chemical recovery plant at its Kymi pulp mill, where two outdated chemical recovery lines will be replaced by one modern line. This EUR325m investment is aimed at securing the Kymi paper mills pulp supply and its development as a competitive integrated fine paper mill. The rebuilt recovery plant is scheduled to go on stream during summer 2008. The value of the assignment was not disclosed. Poyry, headquartered in Vantaa, Finland, provides consulting and engineering services to the energy, forest industry and infrastructure & environment sectors. It has 6,000 employees and annual net sales of EUR600m. Poyry is listed on the Nordic Exchange in Helsinki. UPM-Kymmene is one of the worlds leading printing paper producers with production in 15 countries and a sales network covering over 170 companies. The group has 31,000 employees and reported sales of EUR9.3bn in 2005. UPM-Kymmene is listed on the Nordic Exchange in Helsinki, and on NYSE. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Reservoir Exploration Technology ASA signs time charter for second seismic vessel (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian marine seismic company Reservoir Exploration Technology ASA said on Thursday (30 November) that it has awarded Norwegian company Sanco Holding AS a long-term charter contract for a second purpose-built seismic vessel. The new vessel Sanco Spirit, as well as its sister vessel Sanco Star, are currently under construction at Vaagland Batbyggeri AS in Norway. The Sanco Star, which Reservoir Exploration Technology chartered earlier, will be delivered in April 2008, while the Sanco Spirit will be delivered in the first quarter of 2009. Both vessels are on five-year time charters with options for five additional years. "Oil and gas companies have an increasing requirement for improved data quality for both exploration and improved oil recovery from existing fields. This has led to an increasing need for multi component seismic data acquisition," said Michael Scott, CEO of Reservoir Exploration Technology. "These purpose built vessels will add great capacity and flexibility in our drive to meet this growing market," Scott added. No financial details have been disclosed. Reservoir Exploration Technology, headquartered in Oslo, Norway specialises in multi-component seismic sea-floor acquisition. The company has offices in Norway, the United Kingdom and the US. Reservoir Exploration Technology has applied for listing on the Oslo Stock Exchange in December 2006. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Swedish car dealer Bilia AB completes sale of holding in Norwegian road service company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish car dealer Bilia AB said on Thursday (30 November) that its Norwegian subsidiary Bilia Personbil AS has completed the previously announced divestment of its 5.4% holding in road service company Viking Redningstjeneste AS. The shares were acquired by Danish road service group Falck Denmark A/S. The sales price was not disclosed, but Bilia said that the transaction resulted in a gain of SEK7.2m. The transaction was not formally approved by the Norwegian competition authorities and the deal was completed at the buyers risk. Falck Denmark declared in February that it intends to acquire all shares of Viking Redningstjeneste. Bilia, headquartered in Gothenburg in Sweden, is a leading Nordic vehicle service and sales group. It has some 3,500 employees in Sweden, Norway and Denmark, and has an annual turnover of SEK13.5bn. Bilia is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are expected to open a touch higher Thursday, ahead of a string of economic data that could give equities some momentum. Data include October personal income and spending, the Chicago purchasing management index, money supply, jobless claims, the Kansas City Federal Manufacturing Index and the Conference Board Help-Wanted Index. CMC Markets is calling the Dow Jones Industrial Average to open up 15 points at 12,241, the Nasdaq 100 up two points at 1794 and the S&P 500 up 1.8 points at 1401.2. EUROPEAN MARKETS: European shares are mostly higher. In London, the FTSE 100 is up 0.3% at 6104 as shares in oil companies Royal Dutch Shell and BP have risen more than 1%, and shares in mining companies Xstrata and Antofagasta have also posted gains. In Frankfurt, the DAX is up 0.3% at 6392 as the strong euro continues to take some steam out of the market. In Paris, the CAC is up 0.5% at 5396.50. Bunds are steady after a slew of data left the market unfazed. Gilts are underperforming, with strong housing data weighing and no support from a strong pound. The December bund future is up 0.03 at 118.24, while the December gilt is down 0.01 at 109.76. In the currency market, the dollar has resumed its decline, helping the pound to rise to a 14-year high against the U.S. currency. The dollar is down at Y116.24, the euro is up at $1.3194 and the pound is up at $1.9560. =========================== TOP STORIES: EURO-ZONE 3Q GROWTH SLOWS AFTER STRONG 2Q: Economic growth in the euro zone slowed markedly during the third quarter, following a surprisingly strong second quarter and despite a pick-up in private consumption. (By Nina Koeppen) POUND TRADES AT 14-YEAR HIGH AGAINST THE DOLLAR: Sterling pushed up to a 14-year high against the dollar early Thursday, and strategists are now expecting cable to reach the $2.00 mark by the end of the year. (By Ilona Billington) VW MAY NOT BREAK EVEN IN N AMERICA UNTIL 2009: Volkswagen AG may not reach break-even in North America until 2009 as a result of continuing unfavorable exchange rates and a weakening of U.S. auto sales due to the slowing economy, the auto makers top U.S. officials said. (WSJ) PETROPLUS PRICES SHARES AT CHF63 IN IFO: Oil refinery Petroplus Holdings AG (PPHN.EB) said it raised 2.52 billion Swiss francs ($2.08 billion) in its IPO on the Swiss market, where it begins trading Thursday. (By Hans Schoemaker) ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: Hopes of a rise in Japanese interest rates and an unwinding of carry trades have lent the yen some brief support once again. (By Nicholas Hastings) =CHARTING EUROPE: Cable made a 14-year high Thursday morning, breaching resistance at $1.9550, the December 2004 high, then advancing to $1.9583, its highest level since September 1992. (By Axel Rudolph) =THE SKEPTIC: With weak product line-ups, rising raw-material costs and intense competition from Asian rivals in an oversupplied European market, the last thing Peugeot and Renault need is a multi-billion-euro rise in their working capital requirements. (By Matthew Curtin) =ASSET CLASS: Federal Reserve Chairman Ben Bernanke is looking past what quite clearly is shaping up to a weak fourth quarter for the U.S. economy. (By Alen Mattich) =========================== STILL TO COME ET/GMT COUNTRY/PERIOD 0830/1330 US Nov 25 Jobless Claims 0830/1330 US Oct Personal Income 0830/1330 US Oct Personal Spending 1000/1500 US Nov Chicago PMI 1000/1500 US Nov 18 DJ-BTMU Business Barometer 1000/1500 US Oct Conference Board Help-Wanted Index 1030/1530 US Nov 25 US Energy Dept Natural Gas Stocks 1100/1600 US Nov Kansas City Fed Mfg Index 1630/2130 US Money Supply 1830/2330 JPN Oct Labor Force Survey 1830/2330 JPN Oct Household Spending 1830/2330 JPN Oct CPI (Nation), CPI ex-food (Nation) 1830/2330 JPN Nov CPI (Tokyo), CPI ex-Food (Tokyo) N/A US Pres Bush, Iraq PM al-Maliki to meet in Jordan =========================== OTHER NEWS: German retail sales for October disappointed observers expectations that the ailing business sector could profit from currently strong German consumer sentiment. (By Roman Kessler) Consumer price inflation in the euro zone picked up in November but remained below the European Central Banks target, data from the European Unions statistics agency showed. (By Ilona Billington) Consumers and manufacturing companies in the 12 countries that share the euro became more confident during November, but that optimism wasnt shared by retailers and service providers. (By Paul Hannon) U.K. consumers became less optimistic about the outlook for the economy during November as the Bank of England raised interest rates for the second time this year. (By Paul Hannon) Unemployment in Germany declined more strongly than expected in November, amid mounting signs of a more broad-based economic recovery in the euro zones largest economy, and due to unusually mild weather conditions. (By Christian Vits and Christine Popp) U.K. house prices surged ahead in November, pushing the annual measure up to a 21-month high as limited supply continues to cause prices to rise, the Nationwide Building Society said. (By Ilona Billington) Frances jobless rate remained at its lowest level in five years in October, data released by the national statistics agency Insee showed. (By Anne Hardy) French consumer confidence dropped to -25 in November from -21 in October as consumers concerns about their own financial situation outweighed an improved outlook for unemployment, data released by French national statistics institute Insee showed. (By Geraldine Amiel) Danish container shipping and oil company AP Moller-Maersk A/S (MAERSK-B.KO) reiterated its full-year guidance and said costs from the integration of P&O Nedlloyd will be well below the expected $180 million in 2006. (By Malin Rising) Europes largest home improvement retailer Kingfisher PLC (KGF.LN) said its third-quarter retail profit rose 10% supported by strong sales growth in international businesses. (By Anita Likus) Rentokil Initial PLC (RTO.LN) said it has made an offer to buy Target Express Holdings Limited for GBP210 million and announced a strategic review of its electronic security business. (By Molly Dover) U.K. property developer Quintain Estates and Development PLC (QED.LN) reported a 18.3% increase in pretax profit excluding discontinued items and strong progress at its fund management division and its Wembley development. (By Molly Dover) U.K. defense technology company QinetiQ Group PLC (QQ.LN) posted lower first-half profits due partly to a restructuring charge and said it expects to trade in line with expectations over the rest of the financial year. (By Rod Stone)


 

Nordic Business Report-November 30, 2006-Rautakesko to implement Accentures retail sector SAP solution (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish trading house Kesko Corporation said on Thursday (30 November) that its subsidiary Rautakesko has signed an agreement with Accenture on implementing a retail sector SAP solution. Accenture will supply Rautakesko with a new SAP system providing major business benefits to the K-Group hardware and builders supplies stores through more uniform chain operations. The development agreement includes an international application solution, which helps to standardise business processes and improve their efficiency in all countries where Rautakesko operates. Norway will be the first to adopt the new SAP solution which will offer uniform business practices taking the language and culture of seven countries into consideration. Accenture is a global management consulting, technology services and outsourcing company. The company employs over 140,000 professionals in 48 countries. Rautakesko Ltd is engaged in the hardware and builders supplies and interior decoration trade in Finland, Sweden, Norway, the Baltic countries and Northwest Russia. Rautakeskos net sales totalled EUR1.61bn in 2005. Kesko, headquartered in Helsinki, Finland, provides retail and wholesale trading services in the Baltic Sea area. Kesko operates in Finland, Sweden, Norway, the Baltic countries and Russia. The company has about 2,200 stores engaged in chain operations in seven countries. Kesko is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-SAS Sweden to open three new routes in summer 2007 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Scandinavian Airlines Sverige AB (SAS Sweden), part of the SAS Group, said on Thursday (30 November) that its opening three new routes from Stockholm to Bergen, Lyon and Bristol. The new routes will be opened during summer 2007. This means that SAS Sweden will add a total of nine new destinations to its network next year. The airline is also increasing the number of seats available on its existing routes to the leisure destinations Nice, Istanbul, Athens and Split. SAS AB, headquartered in Stockholm, Sweden, is the Nordic regions largest listed airline and travel group. The SAS Group offers air transport and related services from its base in Northern Europe. The company is listed on the Nordic Exchange in Stockholm. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Swedish document automation provider ReadSoft AB secures major contract from French retail group PIMKIE (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish document automation solutions provider ReadSoft AB said on Thursday (30 November) that it has received a contract for its electronic invoice processing solution ReadSoft DOCUMENTS for Invoices from French clothing retail group PIMKIE. The exact value of the contract was not disclosed, but ReadSoft said that the deal, which includes products from the companys SAP business ReadSoft Ebydos, is one of its largest to date on the French market. PIMKIE, which owns some 655 clothing stores, will use ReadSofts solutions to process some 150,000 invoices annually. "This deal is positive in many ways," said Jan Andersson CEO of ReadSoft. Most importantly our solution is perfectly suited for international organisations like PIMKIE and will enable them to work more effectively from day one. Also, PIMKIE is a major retail brand in Europe and another good reference for us. We hope to further grow our relationship both with this group as well as within Retailing," Andersson said. ReadSoft, headquartered in Helsingborg, Sweden, is the worlds leading supplier of software for document automation. The company has offices in 14 countries in Europe, North and South America and Australia. ReadSoft is listed on the Nordic Exchange in Stockholm. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Swedish property company AB Sagax sells property in Jarfalla (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish property company AB Sagax said on Thursday (30 November) that it has agreed to sell a 9,400 square metre property in Jarfalla, Sweden to Stena Metall. The sales price is SEK53m, which exceeds the book value by SEK4.5m. Sagax, headquartered in Stockholm, Sweden, focuses on property deals in the Stockholm area. The companys portfolio comprises 49 properties of a total of 469,000 square metres. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

LONDON (Dow Jones)--Hopes of a rise in Japanese interest rates and an unwinding of carry trades have lent the yen some brief support once again. But, as before, the market remains unconvinced that the time for a significant yen recovery has come. "Even in an environment of dollar weakness, the yen may prove the underperformer for now," said Daragh Maher, a senior currency strategist with Calyon Corporate and Investment Bank in London. "Sustained yen strengthening is at present unlikely," Todd Elmer and Steve Saywell, currency strategists at Citigroup, said in a study concluding that the yens prospects remain weak. This comes after a surprising upward jolt to yen sentiment as industrial production in Japan rose 1.6% in October instead of falling 0.4% as the market had forecast. In itself, the news lent limited support to the Japanese currency. However, optimists immediately started to look ahead to the new machinery orders Dec. 8 and the next Tankan survey on Japanese business sentiment Dec. 15 for more positive news that will make a near-term Bank of Japan rate hike more likely. "A significant bounce back in machine orders and a strong Tankan would sharpen the market focus on rate hikes," said Greg Gibbs, a currency strategist with ABN-Amro in Singapore. "Even if inflation remains low, the Bank of Japan appears prepared to hike several times if it senses that (capital expenditure) remains at the high levels of the past two years," he added. "This has the potential to cause a sharp unwinding of carry trades, that would cause the yen to rise and high yield currencies to fall, perhaps quite sharply," Gibbs continued. Other analysts suggest, however, that such a scenario isnt about to emerge just yet. Over the last week, the Japanese government has downgraded its own forecast for the economy and retail sales figures showed a much smaller than expected rise that once again put the strength of the domestic economy into doubt. And, while the optimists may be looking at machinery orders and the Tankan for some help, the pessimists are expecting subdued core inflation, showing only a 0.1% rise on the year, and a downward revision to third-quarter gross domestic product numbers when they are released Dec. 8 to provide more evidence of why the Bank of Japan doesnt need to rush into a rate hike just now. So, argues Derek Halpenny, senior currency economist with Bank of Tokyo-Mitsubishi, there is little reason for the industrial production numbers to change anything. Given the weakness of the Japanese consumer in the third quarter, the risks are that production in November and December will actually contract. "This report is unlikely to change the markets appetite for selling the yen, ensuring continued weakness, probably against non-dollar currencies," Halpenny said. The other key factor for the yens performance, of course, is the level of carry trades, which have been instrumental in keeping the yen lower for most of this year. Although there have been reports that interest in the carry trade is fading as the markets appetite for global risk wanes, there is little evidence of a serious slowdown yet. Calyons Maher pointed out that even the dollars recent dive hasnt changed things significantly. "There is still no sign that carry is losing its allure in a significant way," he said. "The fact that the New Zealand and Australian dollars are already regaining ground lost to the yen suggests the rush for the door has not yet happened," he said. However, Callum Henderson, head of foreign exchange strategy at Standard Chartered Bank in Singapore, does feel there are near-term risks to the current trend. "From our perspective, leveraged funds that have on carry trades are entering increasingly dangerous territory," he said, pointing out that the risk/reward for holding on to carry trades that have done well so far this year is starting to deteriorate fast. Henderson blames this largely on the sharp fall in the dollar, which has not only taken it through a 55-week moving average but is now targeting 200-week one at Y112.41. "Short-term momentum indicators remain bearish dollar/yen," he said. Early Thursday in Europe, the dollar had slipped to Y116.11 from Y116.33 late Wednesday in New York, according to EBS. The euro was up at Y153.13 from Y153.100 as European officials continued to show minimal concern over the euros recent rally. The euro advanced to $1.3189 from $1.3154.


 

LONDON (Dow Jones)--Growing tensions between Europe and Russia have the potential to trigger a sell-off in the Russian stock market. Foreign investors may also demand a higher equity-risk premium for holding Russian stocks as attentions focus on political risks of investing in Russia assets amid growing state intervention in the economy. Russias 5.8% equity risk premium over U.S. treasuries is already the most expensive in emerging markets, with the exception of Mexico. And the stocks that make up Russias energy sector, the countrys most important, already trade at a premium to those of major Western oil corporations. Russia bulls are increasingly thin on the ground. Dedicated emerging market equity funds are now 23% underweight the market, according to Credit Suisse. That loss of investor confidence might have been reflected in Russian stock-market valuations were it not for the global liquidity glut that has encouraged others to invest in Russian equities. By jumping on the carry-trade band wagon, borrowing money to invest in domestics, Russian banks have helped support the Russian market, according to Lombard Street Research. But Russian valuations are looking increasingly stretched particularly if investors take into account the accumulation of disturbing news about the role of the Russian state in the economy. The destruction of value caused by state control of companies like Gazprom has been obscured by the positive impact of the rise in energy prices. A recent OECD report argues the expansion of state ownership is reducing productivity and will slow growth in Russia. Weak corporate governance and greater opportunities for corruption risk distorting the economy too, frustrating the development of profitable companies and an efficient allocation of resources. The cooling of E.U.-Russia relations is hardly helping, amid the deaths of a number of high-profile critics of the Russian government. Thats a problem for investors in Russian companies to the extent that its by expanding in Europe that many of these corporations, with direct or indirect links to the Kremlin, are going to find new sources of growth. Germany is a case in point. Pressure on Berlin to step in to prevent Russian companies buying local assets seems to be growing as talk of a Gazprom bid for RWE does the rounds and Sistemas expression of interest in Deutche Telekom. All in all, it may well turn out that the foreign investors who have lightened their holdings of Russian stocks in recent months have far from finished doing so.


 

Nordic Business Report-November 30, 2006-Nokia and Yahoo ! extend their partnership (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) said on Wednesday (29 November) that it has extended its partnership with Yahoo! (Nasdaq: YHOO) to offer Yahoo! branded services including Yahoo! Mail and Messenger on Nokias wide range of mobile phones operating on the Series 40 platform. Yahoo! services will initially be available on the newly announced Nokia 6300, the Nokia 5300 XpressMusic and the Nokia 5200. Series 40 is the software user interface that powers Nokias broadest range of mobile devices. Yahoo! Inc is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is headquartered in Sunnyvale, California in the US. Yahoo!s global network includes 25 world properties and is available in 13 languages. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has nearly 59,000 employees worldwide, and reported net sales of EUR34.19bn in 2005. Nokia is listed on the Helsinki, Stockholm, Frankfurt and New York stock exchanges. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Nokia announces DVB-H broadcast mobile TV pilot in India (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) announced on Thursday (30 November) its latest Digital Video Broadcast-Handheld (DVB-H) broadcast mobile TV pilot with Indias national television broadcaster Doordarshan, using Nokias open standards based DVB-H solution. The Nokia Mobile Broadcast Solution will be delivered to Doordarshan via SHAF Broadcast Pvt Ltd in early 2007. During the pilot, Doordarshan will test the reception quality of the broadcast coverage, and explore the myriad of options of supporting different service schemes, such as advertising and interactive services. The pilot will also enable Doordarshan to gauge consumer expectations of the service going forward. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has nearly 59,000 employees worldwide, and reported net sales of EUR34.19bn in 2005. Nokia is listed on the Helsinki, Stockholm, Frankfurt and New York stock exchanges. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Stora Enso Oyj sells shares in Finnlines Plc (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish forest products company Stora Enso Oyj said on Thursday (30 November) that it has sold all its 2,209,340 shares in Finnish shipping company Finnlines Plc for EUR35m. The shares represent 5.43% of the total number of outstanding shares in Finnlines. Stora Enso will record a capital gain of EUR33m as a non-recurring financial item in its fourth quarter 2006 results. The sale is consistent with Stora Ensos objective of concentrating its capital resources on its core businesses. Stora Enso, headquartered in Helsinki, Finland, has some 46,000 employees in more than 40 countries, and reported sales of EUR13.2bn in 2005. Stora Enso is listed on the Nordic Exchange in Helsinki and Stockholm, and on the NYSE. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjavik (IFN) Baugur controlled, M-Invest has agreed to acquire a 50% stake in Danish fashion house Day Birger et Mikkelsen, M-Invest announced on Thursday.The terms of the transactions were not disclosed.Day Birger et Mikkelsen is one of Denmarks best known fashion houses, which has been expanding into retail in recent years.M-Invest is the daughter company of M-Holding, which owns Magasin and Illum. The shareholders are Icelands Baugur Group, with a 75% share and B2B with 25%."We see this investment as a strong addition which fits well with our retail portfolio in Denmark and the UK. We are excited about the many synergies it will enable us to create across our retail business," said Baugur Groups chief executive Jon Asgeir Johannesson. Sources close to the situation say that a Day Birger et Mikkelsen shop will likely be opened in UK department store chain House of Fraser, which Baugur, along with other investors, recently acquired.


 

Nordic Business Report-November 30, 2006-FLSmidth & Co A/S wins large minerals systems order from Companhia Vale do Rio Doce in Brazil (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Danish cement and minerals industry systems and equipment supplier FLSmidth & Co A/S said on Thursday (30 November) that its minerals systems subsidiary FFE Minerals has secured a USD90m contract from Brazilian mining company Companhia Vale do Rio Doce (CVRD). The contract, the largest to date for FFE Minerals, covers the delivery of critical process machinery for CVRDs Onca Puma ferronickel facility in the Paragominas state in northern Brazil. The delivery includes complete pyro systems with two rotary dryers and two of the worlds largest rotary kilns, ABON primary crushers and a complete coal grinding plant. In addition other FLSmidth subsidiaries will deliver electrostatic precipitators and bag filters, coal distribution systems and electrical engineering. "This Brazilian project, The FLSmidth Groups hitherto largest minerals contract, and recent orders including lime reburning kilns for companies in Indonesia and Sweden, bring the value of orders received by FFE Minerals in Pyroprocessing Technology over the past months to more than USD120m," said Jorgen Huno Rasmussen, CEO of FLSmidth & Co. "With the strong growth of the global Minerals sector, and with its increasing focus on complete project packages FFE Minerals expects to strengthen its position in this significant market," Rasmussen added. FLSmidth & Co is headquartered in Copenhagen, Denmark. The company has 5,800 employees and reported sales of DKK10.50bn in 2005. The company is listed on the Copenhagen Stock Exchange. One British pound (GBP) is worth approximately 1.91 US dollars (USD). One British pound (GBP) is worth approximately 11.08 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Novo Nordisk A/S expands US diabetes care sales force from 1,200 to 1,900 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Danish pharmaceutical company Novo Nordisk A/S (NYSE: NVO) announced on Thursday (30 November) plans to expand its diabetes care sales force in the US from the current 1,200 to approximately 1,900. The expansion of the sales force will be effected during the first half of 2007, and will further strengthen Novo Nordisks position in the US insulin market. "So many people with diabetes are still not in acceptable glycaemic control. That is why we are very pleased to announce the significant field force expansion in the US market which will support our complete portfolio of insulin analogues as well as our leading insulin injection device, FlexPen," said Marton Soeters, President of Novo Nordisk. "The expansion will prepare our organisation for future launches of additional innovative diabetes products that we currently have in clinical development," Soeters added. Novo Nordisk, headquartered in Copenhagen in Denmark, has the worlds broadest diabetes product portfolio. The company has over 23,000 employees in 79 countries, and markets its products in 179 countries. Novo Nordisk is listed on the Nordic Exchange in Copenhagen, and on the NYSE. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-Schlumberger Ltd acquires Norwegian engineering firm Reslink AS (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com US-based global oilfield services group Schlumberger Ltd (NYSE: SLB) said on Wednesday (29 November) that it has agreed to acquire Norwegian sand management, zonal isolation, and intelligent well completion firm Reslink AS. Reslink specialises in developing wire-wrapped sand screens for sandface completions and in-flow control devices. The company has engineering and manufacturing centres in Algard in Norway and in Houston in the US. "We have enjoyed a long-standing partnership with Reslink since 2000," said Patrick Schorn, president and general manager of Schlumberger Completion Systems. "The addition of Reslinks product portfolio, product development team and production capabilities will strengthen our ability to offer advanced open-hole completion solutions and enhance our services in the sand management business," Schorn added. No details were disclosed, but Schlumberger said that it expects to close the deal before the end of the year. Schlumberger, headquartered in Houston in the US, is the worlds leading oilfield services provider. The company has some 66,000 employees in 80 countries, and reported revenues of USD14.31bn in 2005. Schlumberger is listed on the NYSE. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 30, 2006-TeleComputing ASA expands operations in Stavanger region (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian IT services provider TeleComputing ASA said on Thursday (30 November) that it has signed a letter of intent to acquire IT company Netthuset AS. The purchase price of approximately NOK18m will be paid in cash (80%) and shares (20%). Netthuset, based in Sandnes in Norway, provides operating and outsourcing services, infrastructure and software to companies and organisations in the Stavanger region. The company has 12 employees and is expected to achieve a turnover of NOK25m in 2006. The acquisition will further strengthen TeleComputings operations in the Stavanger area, as well as result in synergy gains. TeleComputing, headquartered in Billingstad in Norway, provides centralised IT operating services to some 650 business customers in the Nordic countries, and has some 370 employees. The company is listed on Oslo Stock Exchange under the ticker TCO. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjvik/Stockholm (IFN) Iceland?s Kaupthing bank said onThursday that the over-allotment option in connection with the companys issue of new ordinary shares has been exercised in full and will give the company an additional ISK7.4 billion.Kaupthing said Citigroup Global Markets Limited and Morgan Stanley & Co. International Limited as Joint Global Coordinators and Joint Bookrunners for the Offering, have given notice of exercising in full, on behalf of the initial purchasers, the over-allotment option with respect to 9.9 million new ordinary shares in the company and the board of directors has adopted a resolution to increase the share capital by 9.9 million shares.Including the over-allotment option, the total size of the offering was 75.9 million ordinary shares, resulting in gross proceeds of ISK56.9 billion. The price for each share was ISK750 or SEK75


 
Hitt og þetta
30. nóvember 2006

Miscellaneous

Novo Nordisk announces major expansion of its diabetes care field force in the US Novo Nordisk today announced plans to expand its diabetes care field force in the US, from around 1,200 to approximately 1,900 people. The expansion, which will take place during the first half of 2007, is designed to further strengthen Novo Nordisk's position in the US insulin market and to increase the company's 'share of voice' in the competitive market for diabetes products. The US insulin market is a key growth market for Novo Nordisk and with its more than 40% share of this market (measured in volume) Novo Nordisk is today the clear market leader. The field force expansion will support Novo Nordisk's complete portfolio of modern insulins (insulin analogues): Levemir®, a long-acting insulin, NovoLog® Mix 70/30 (NovoMix® 30 outside the US), a premixed formulation of rapid-acting and intermediate-acting insulin, and NovoLog® (NovoRapid® outside the US), a rapid-acting insulin. The expanded field force will make it possible to reach more primary care physicians and increase the frequency of visits to both primary care physicians and endocrinologists. Martin Soeters, president of Novo Nordisk Inc, said: "So many people with diabetes are still not in acceptable glycaemic control. That is why we are very pleased to announce the significant field force expansion in the US market which will support our complete portfolio of insulin analogues as well as our leading insulin injection device, FlexPen®. The expansion will prepare our organisation for future launches of additional innovative diabetes products that we currently have in clinical development." The expansion does not change the financial outlook for 2006 or the preliminary guidance for 2007 which was provided in Novo Nordisk's financial statement for the first nine months of 2006 on 27 October, based on the currency exchange rates prevailing at the end of October 2006 Novo Nordisk is a healthcare company and a world leader in diabetes care. The company has the broadest diabetes product portfolio in the industry, including the most advanced products within the area of insulin delivery systems. In addition, Novo Nordisk has a leading position within areas such as haemostasis management, growth hormone therapy and hormone replacement therapy. Novo Nordisk manufactures and markets pharmaceutical products and services that make a significant difference to patients, the medical profession and society. With headquarters in Denmark, Novo Nordisk employs more than 23,000 employees in 79 countries, and markets its products in 179 countries. Novo Nordisk's B shares are listed on the stock exchanges in Copenhagen and London. Its ADRs are listed on the New York Stock Exchange under the symbol 'NVO'. For more information, visit novonordisk.com. Contacts for further information: Media: Investors: Outside North America: Outside North America: Mike Rulis Mogens Thorsager Jensen Tel: (+45) 4442 3573 Tel: (+45) 4442 7945 E-mail: mike@novonordisk.com E-mail: mtj@novonordisk.com Christian Qvist Frandsen Tel: (+45) 4443 5182 E-mail: cqfr@novonordisk.com Hans Rommer Tel: (+45) 4442 4765 E-mail: hrmm@novonordisk.com In North America: In North America: Susan T Jackson Mads Veggerby Lausten Tel: (+1) 609 919 7776 Tel: (+1) 609 919 7937 E-mail: stj@novonordisk.com E-mail: mlau@novonordisk.com Stock Exchange Announcement no 36 / 2006 ---END OF MESSAGE---


 

LONDON, United Kingdom: November 29, 2006 - Crew Gold Corporation ("Crew" or the "Company") (TSE & OSE: CRU; Frankfurt: KNC; OTC-BB- other: CRUGF.PK. The Board of Crew Gold has submitted a listing application to the Oslo Stock Exchange on behalf of its 100%-owned subsidiary, Crew Minerals ASA. This listing application was originally planned to be evaluated by the Board of the Oslo Stock Exchange November 29th. Due to delays in receiving certain certificates from the authorities in the Philippines, Crew Gold has decided to delay the evaluation of the listing application by the Board of the Oslo Stock Exchange until December 19th, 2006. Crew Gold is of the opinion that these certificates will be received well in advance of the next board meeting at the Oslo Stock Exchange. Subject to the Oslo Stock Exchange's positive conclusion, Crew Minerals expects the first trading day to be on or about December 21st, 2006. The first trading day was originally planned to be December 19th. Crew Minerals will publish a prospectus within the next few days in connection with the listing and an Initial Public Offering ("IPO"). The size of the IPO will be up to NOK 50 million. Jan A Vestrum President & CEO Safe Harbour Statement Certain statements contained herein, as well as oral statements that may be made by the company or by officers, directors or employees of the company acting on the company's behalf, that are not statements of historical fact, may constitute "forward-looking statements" and are made pursuant to applicable and relevant national legislation (including the Safe-Harbour provisions of the United States Private Securities Litigation Reform Act of 1995) in countries where Crew is conducting business and/or investor relations. Forward-looking statements, include, but are not limited to those with respect to Crew Acquisition Corp.'s intention to proceed with the compulsory acquisition. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "does not expect", "is expected", "targets", "budget", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or equivalents or variation, including negative variation, of such words and phrases, or state that certain actions, events or results, "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the price of gold, fluctuations in financial markets, investor interest in the proposed private placement. Although Crew has attempted to identify important factors that could cause actual actions, events or cause actions events or results not to be anticipated, estimated or intended, there can be no assurance that forward looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Except as may be required by applicable law or stock exchange regulation, the company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Accordingly, readers should not place undue reliance on forward-looking statements. Cautionary Note to US Investors - The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured", "indicated", and "inferred" "resources", which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure from the SEC's website at http://www.sec.gov/edgar.shtml. --- End of Message --- WKN: 226534105 ; ISIN: CA2265301036; ;


 
Hitt og þetta
29. nóvember 2006

Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of business on 28 November 2006 its undiluted net asset value ("NAV") per ordinary share was 106.01p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 105.11p. The investments in the above portfolio have been valued at bid prices. ---END OF MESSAGE---


 

Sponda Plc Stock Exchange Release 29 November 2006, 18:33 KAPITEELI'S PRESS RELEASE: INTERIM REPORT JANUARY-SEPTEMBER 2006 Kapiteeli Plc has today published its Interim Report for January-September 2006. The report is also available on the Internet pages of Kapiteeli at www.kapiteeli.fi. Sponda Plc For further information please contact: Kari Inkinen, President and CEO, tel. +358 9 6805 8202, mobile +358 400 402 653 Eclosures: Enc 1: Kapteeli Plc's Press Release Enc 2: Kapiteeli Plc's Balance Sheet and Income Statement for January-September 2006 Sponda Plc is a real estate company specializing in commercial properties in Helsinki metropolitan area. Sponda's business concept is to own and develop office, retail and logistics properties into environments that promote the business success to its clients. The fair value of Sponda's investment properties is 1.37 billion euros and the lettable area is 890 000 m². Sponda is the largest investment company listed on the Helsinki Stock Exchange. Enc 1 KAPITEELI PLC Interim report January 1 - September 30, 2006 Sale of hotel portfolio boosts Kapiteeli Group's profit Kapiteeli's consolidated profit for the period January 1-September 30, 2006 rose to EUR 176.6 million (1.1.-30.9.2005: EUR 63.3 million*). The growth in the profit, EUR 113.4 million, exceeded the targets set for the company by a significant amount. This was in part due to a profit of EUR 82.2 million recorded on the sale of the hotel properties. The better financial performance by the rental and sales operations than in the comparative period and the positive effect of the change to the fair value of financial instruments also contributed to the increase. The main points from the period under review, January 1-September 30, 2006, including both continuing and discontinued operations: * Investment properties' value was EUR 840 (980, 31.12.2005: 1,030) million. * A change of EUR 17.0 (17.8) million was recorded in the value of investment properties. * The value of sales properties was EUR 199 (272, 31.12.2005: 235) million. Write-downs of EUR 13.4 million were recorded on sales properties in June. * The operating profit was EUR 189.2 (79.6) million. * Net rental income came to EUR 69.5 (65.6) million. * The net rental yield was 7.6 (7.2) per cent. * A profit of EUR 126.3 (8.2) million was made on sales and disposals. * The return on equity was 32.9 (12) per cent, 16.0 (-) per cent for continuing operations. * The return on invested capital was 22.1 (8.3) per cent, 10.9 (-) per cent for continuing operations. * The occupancy rate of the lettable area was 82 (81) per cent. * The comparative information is for the equivalent period in 2005 unless otherwise stated. In a sale executed on August 31, 2006 Kapiteeli sold its hotel portfolio to the Norwegian Norgani Hotels ASA at an unencumbered price of EUR 306 million. The fair value of the properties determined on the basis of the present value of the cash flows in Kapiteeli's balance sheet on August 31, 2006 was EUR 221 million. On September 19, 2006, Kapiteeli paid the Finnish government an additional dividend of EUR 200,070,000 from the funds received from the deal. On October 20, 2006 the Finnish government signed a binding agreement on the sale of Kapiteeli's entire share capital to Sponda Plc at an approximate price of EUR 950 million. The Finnish Competition Authority approved the deal on November 16, 2006 and the deal is scheduled for conclusion by the end of 2006. Prospects for the rest of the 2006 According to President and CEO Ossi Hynynen, the occupancy rate of office and retail properties owned by Kapiteeli is expected to remain unchanged during the final part of the year. Rents and the net rental income are expected to remain at least at the level of the early part of the year. No major investments are expected in the final part of the year. Sales of properties incompatible with the investment strategy exceeded targets in the review period, and annual targets are also expected to be exceeded. Kapiteeli's performance is expected to improve in the final part of the year. In spite of the sale of the hotel properties, net rental income for the entire year is expected to increase on 2005. The downward trend in the vacancy rate of the Office and Retail Properties Unit is expected to continue. Further information available from President and CEO Ossi Hynynen, tel.+358 (0)20 431 3314, +358 (0)400 701 030, ossi.hynynen@kapiteeli.fi Enc 2 The interim report has been audited. CONSOLIDATED BALANCE SHEET 1 000 ¤ ASSETS 30.9.2006 30.9.2005 31.12.2005 Non-current assets Investment properties 840 073 980 407 1 029 762 Other property, plant and equipment 5 135 5 057 4 791 Finance lease receivables 2 732 2 732 2 732 Deferred tax assets 51 339 56 553 51 078 899 280 1 044 749 1 088 363 Current assets Trading properties (IAS 2 Inventories) 198 749 272 495 235 287 Sales and other receivables 8 850 30 882 22 855 Loan assets 750 59 500 9 Current receivables 12 841 9 932 14 389 Cash and cash equivalents 2 114 4 286 6 089 223 303 377 096 278 628 ASSETS, TOTAL 1 122 582 1 421 845 1 366 991 VARAT EQUITY AND LIABILITIES Equity belonging to owners of parent company Share capital 190 000 190 000 190 000 Share premium 76 666 76 666 76 666 Retained earnings 399 243 444 377 490 129 665 909 711 043 756 795 Minority interest 1 892 1 581 1 603 Liabilities Non-current liabilities Capital loan 56 409 Non-current interest-bearing liabilities 305 202 468 471 441 443 Provisions 13 994 17 050 16 414 Deferred tax liabilities 54 997 38 796 52 017 374 193 580 726 509 874 Current liabilities Current interest-bearing liabilities 57 728 102 726 70 391 Other liabilities 22 860 25 770 28 329 80 588 128 496 98 720 Liabilities, total 454 781 709 221 608 593 EQUITY, MINORITY INTEREST AND LIABILITIES, TOTAL 1 122 582 1 421 845 1 366 991 CONSOLIDATED INCOME STATEMENT 1 000 ¤ CONTINUING OPERATIONS Note 1-9/2006 1-9/2005 1-12/2005 Turnover 163 469 181 900 268 648 Other income 19 512 28 357 66 853 Total revenues 182 981 210 257 335 501 Total costs excl. finance costs 89 531 133 407 188 491 Gross rental income and service charge income 91 016 89 592 119 325 Interest received on finance lease assets 248 165 248 Property operating expenses 33 202 34 392 48 188 Other expenses from leasing operations 424 344 475 Net rental income 57 639 55 021 70 911 Proceeds from sale of trading property 69 380 41 923 96 726 Carrying value of trading properties 25 744 33 800 59 964 Profit/loss on disposal of trading 43 636 8 123 36 762 properties Administrative expenses 14 247 14 229 19 972 Depreciation 248 344 442 Net other income 4 877 3 259 4 613 Investment property disposal proceeds 2 824 50 220 52 348 Carrying value of investment property disposal 2 162 50 151 52 052 profit/loss on disposal of 662 69 296 investment property Valuation gains/losses on investment property 14 502 24 952 62 027 Write-downs of trading properties -13 372 -2 -7 183 Change in valuation 1 130 24 951 54 843 NET OPERATING PROFIT BEFORE FINANCE 93 449 76 850 147 011 COSTS Dividend income 7 5 8 Net financing costs -7 604 -11 694 -16 256 Profit before tax 85 853 65 161 130 763 Income tax expense 1 -57 6 367 23 393 PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS 85 910 58 794 107 369 DISCONTINUED OPERATIONS PROFIT FOR THE PERIOD FROM DISCONTINUED OPERATIONS 2 91 027 4 417 1 633 PROFIT FOR THE PERIOD 176 936 63 211 109 002 Attributable to: Equity holders of the parent 176 936 63 211 109 002 Minority interest -302 73 34 Profit for the period 176 634 63 284 109 036


 

Reference is made to Star AcquisitionCo AS' offer, a wholly owned subsidiary of Promens HF., to acquire all outstanding shares in Polimoon ASA, a company listed on the Oslo Stock Exchange, on the terms and subject to the conditions set out in the offer document dated 14 November 2006. Star AcquisitionCo hereby announces the completion of a due diligence review inter alia related to legal and financial matters and matters of human resource, management and taxation nature with a satisfactory result. The condition to the offer described in 3.6. c) in the offer document is thus waived. The Offer Period last until 15:00 (Oslo time) at 1 December 2006. For further information please contact Ragnhildur Geirsdottir CEO Promens +354 898 5001 or Magnus Jonsson CEO Atorka +354 840 6240.


 

Advance UK Trust plc has received a notification from CG Asset Management Limited that its below clients own the following number of ordinary shares in Advance UK Trust plc. Capital Gearing Trust Plc - 360,000 CG Portfolio Fund Limited - 930,000 1,290,000 In total this represents 3.08% of the total shares in issue. ---END OF MESSAGE---


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Tisbury Capital | | | Management LLP | |------------------------------------------------+------------------| | Company dealt in | EMI Group Plc | |------------------------------------------------+------------------| | Class of relevant security to which the | 14p ordinary | | dealings being disclosed relate (Note 2) | | |------------------------------------------------+------------------| | Date of dealing | 28 November 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------+ | | Long | Short | | | | | |---------------------------------+------------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |---------------------------------+-----------+------+--------+-----| | (1) Relevant securities | | | | | | | | | | | |---------------------------------+-----------+------+--------+-----| | (2) Derivatives (other than | | | | | | options) | 3,931,488 | 0.49 | | | | | | | | | |---------------------------------+-----------+------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | 5,750,000 | 0.72 | | | | | | | | | |---------------------------------+-----------+------+--------+-----| | Total | 9,681,488 | 1.21 | | | | | | | | | +-------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +-------------------------------------------------------------------+ | Class of relevant security: | Long | Short | | | | | |--------------------------------+-------------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |--------------------------------+------------+------+--------+-----| | (1) Relevant securities | 12,000,000 | 4.93 | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | Total | 12,000,000 | 4.93 | | | | | | | | | +-------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short | Number of securities | Price per | | name, | (Note 6) | (Note 7) | unit (Note 5) | | e.g. CFD | | | | |----------+------------+---------------------------+---------------| | CFD | Short | 680,000 | 285.0000 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 500,000 | 286.9100 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 1,000,000 | 287.3447 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 300,000 | 289.6300 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 702,000 | 288.2390 GBp | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +--------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry |Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+--------+--------------| | Call | Purchase | 2,000,000 | 300 | American |19/01/07| 0.08 GBp | +--------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 29/11/2006 | |------------------------------------------------+------------------| | Contact name | Stephen Platts | |------------------------------------------------+------------------| | Telephone number | +44 20 7070 9635 | |------------------------------------------------+------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |------------------------------------------------+------------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Low Total-Cost-Of-Ownership Inventory Solution Enables Shorter Time-To-Market for New Services, Perpetually Accurate Resource Management TORONTO -- (MARKET WIRE) -- November 29, 2006 -- Syndesis, the worldwide leader in OSS solutions powering the new communications subscriber experience, announces the introduction of Syndesis® Adaptive Resource Manager(TM) (ARM), the industry's only "live" inventory management solution. ARM offers communications service providers rapid time-to-market for new services, perpetually accurate resource management, and a low-risk path to operational transformation. Syndesis will unveil ARM with the latest version of its award-winning OSS platform at the TeleManagement World Americas conference in Dallas next week. Syndesis ARM has been piloted and deployed in production at a leading Tier 1 CSP in North America. The new solution is based on Syndesis' groundbreaking network-aware and service-aware OSS platform that is deployed and production proven at CSPs in North America, Europe, Latin America and in the Asia-Pacific region. "We are extremely proud to continue to lead the industry in OSS innovation after 20 remarkable years in business, highlighted by fulfillment projects that are enabling six of the world's top ten service providers to monetize their networks efficiently and profitably," said John Lochow, President and CEO for Syndesis. "Syndesis' commitment to meeting the industry's ever-changing needs reflects our drive to deliver innovative, powerful and robust OSS solutions." ARM represents a dramatic departure from the traditional approach to inventory management systems. The solution is built on the principles of adaptive resource management, techniques that have revolutionized industries such as manufacturing, retailing and logistics. ARM captures the industry's best practices for accurately matching capacity to demand, optimizing the tracking and utilization of both physical and logical resources for both connectivity and applications. By considering the complete deployment and consumption life cycle of both the network and applications, ARM provides more comprehensive intelligence and control over the service provider enterprise. Typical inventory management systems are "off-line," without a native, direct connection to the actual network resources. This means that these systems must be updated manually, audited continuously, and, as a result, are expensive to populate and maintain. As a result, they do not maintain accurate data on the many dynamic, logical details associated with IP services, making these systems ill-suited for managing next-generation networks and services. In contrast, ARM is built on the industry's deepest and widest discovery functionality, which is a production-proven component of Syndesis' OSS platform. This ensures ARM contains perpetually accurate, "evergreen" data on the actual network "as is." The results are "live" network and service resource management, for highly precise processes; automated fulfillment of IP-based services such as VoIP, IPTV, and IP-VPNs; and a foundation for lean operations. "Complex converged services such as VoIP, IPTV and IP-VPN share network and application resources that CSPs must allocate and track in order to provide a quality customer experience. These new services are built on a combination of new and old systems that leverage existing assets," said Larry Goldman, co-founder and senior analyst at OSS Observer. "Syndesis ARM addresses this need for CSPs to rapidly and flexibly support new services." Setting the Pace for New Service Introduction and Delivery Syndesis ARM is a quick-to-deploy resource management solution that enables the rapid introduction of differentiated offerings and first-time-right fulfillment within dynamic communications environments. It is pre-integrated with Syndesis® TrueSource(TM), the industry's most widely deployed Data Integrity Management solution, which ensures that accurate inventory data is available throughout all OSS and BSS systems on a perpetual basis. ARM is highly flexible and can help service providers generate revenue from next-generation services while implementing operations transformation projects that pursue a range of strategies: -- Coexistence with existing inventory -- ARM can supplement and improve the accuracy of existing systems and enable a service provider to deliver new services to market while extending the life of the existing systems. -- Gradual migration -- ARM can supplement an existing inventory and bring new services to market while a gradual migration shifts inventory management to the new system. -- Replacement -- ARM can entirely replace a legacy inventory system and be in production very rapidly, thanks to its industry-leading discovery and data integrity management technologies. "With Syndesis Adaptive Resource Manager, service providers will achieve much shorter time-to-market for new services, faster operationalization of new network elements and a greater ability to automate processes, including better than 99% provisioning flow-through," said Mark Nicholson, Chief Technology Officer for Syndesis. "Our inventory management solution is unique in the industry because of its ability to enable live network and service resource management. Syndesis ARM can keep pace with the volume, velocity and continuous interactions of dynamic services while, at the same time, lowering total cost of ownership for next-generation inventory." Exclusive Launch Event Please visit Syndesis at TeleManagement World Americas in Dallas (booth #204) to learn more about Syndesis Adaptive Resource Manager and secure a ticket to an exclusive Special Breakfast Seminar to focus on fulfillment and resource management on December 6th. Those wishing to inquire about breakfast invitations in advance of the show are invited to contact Sarah Kirk (kirk@syndesis.com). About Syndesis (www.syndesis.com) Syndesis is the worldwide leader in OSS solutions powering the new communications subscriber experience, with production-proven solutions for advanced service offerings, such as Triple/Quad Play, VoIP and IPTV, and advanced architectures, such as IMS. Syndesis empowers the world's leading communications service providers to deliver new network and application experiences for their customers. Renowned for customer success, in-depth network expertise and off-the-shelf support for more technologies and equipment than any other communications software developer, Syndesis is the vendor of choice in deployments at leading service providers worldwide including AT&T, Bell Canada, BT, Cingular, COLT, NuVox, Qwest, Swisscom, Telecom Italia, Telefonica, Telstra, TELUS, Verizon Business and Verizon Wireless. Press Contact: Christine Payne PR Manager + 1 (416) 526-4878 payne@syndesis.com SOURCE: Syndesis


 

Nordic Business Report-November 29, 2006-Elekta AB wins 30-year contract from UK hospital (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish medical technology group Elekta AB announced on Wednesday (29 November) that it has signed a 30-year contract with the Taunton & Somerset NHS Trust in the United Kingdom. The contract covers the delivery of two Elekta Synergy linear accelerators for radiation therapy, IT systems, and maintenance and upgrade services for the Somerset Oncology & Haematology Centre at the new Musgrove Park Hospital. The initial systems delivery is expected to be worth approximately SEK110m during the third quarter of the financial year 2006/2007. Elekta is headquartered in Stockholm, Sweden. The company has some 2,000 employees worldwide. Elekta is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-KMT Group and Dalian Kaitele Machinery Co Ltd establish joint venture in China (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish production machines developer and manufacturer Karolin Machine Tool AB (KMT Group) said on Wednesday (29 November) that it has agreed to establish a joint venture with Dalian Kaitele Machinery Co Ltd (KTL) in China. The new company, KMT Spindle Technology Co Ltd, which is to be 60%-owned by KMT Group, will manufacture high-frequency spindles in a new factory in Wafangdian in China. The products will be chiefly aimed at the Chinese domestic market. "The strategy behind the joint-venture is to combine the latest spindle technology and our recognised high quality with KTLs broad network with Chinese machine manufacturers. KMT Spindle Technology will be the sole producer on the Chinese market that will combine high technology with low cost production processes," said Lars Bergstrom, president and CEO of KMT Group. KMT Group said that it estimates the initial investment to amount to some SEK20m. The new factory is scheduled to begin operations in the third quarter of 2007. KMT Group, headquartered in Stockholm, Sweden, develops and manufactures advanced production machines and system solutions for the engineering industry. KMT is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Kungsleden AB plans to divest portfolio of 100 commercial properties - report (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish property company Kungsleden AB is reportedly planning to divest a portfolio of 100 commercial properties in middle and northern Sweden. The sales price for the portfolio is estimated at SEK2bn, and would result in a gain of SEK300m, according to the online edition of the Swedish business newspaper Dagens Industri. The identity of the potential buyer has not been revealed. Kungsleden, headquartered in Stockholm, Sweden, has a portfolio of 650 properties in 132 municipalities in Sweden. The company is quoted on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Swedish virtual operator Phonera AB acquires Nocom Networks AB and UNC Systems AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish virtual telephony operator Phonera AB said on Wednesday (29 November) that it has agreed to acquire Nocom Networks AB and UNC Systems AB from the IT group Nocom AB in a SEK9m deal. The companies to be acquired provide broadband, IP telephony and web services. They have a total of 11 employees and reported a combined turnover of SEK18m during the first nine months of the year. The acquisition will strengthen Phoneras growth within IP-based data services. For Nocom the deal represents a step in its strategy to focus on software development and distribution. Phonera AB is headquartered in Gothenburg, Sweden. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Unicorn Asset Management | | | Limited | |----------------------------------------+--------------------------| | Company dealt in | Talarius plc | |----------------------------------------+--------------------------| | Class of relevant security to which | 10p Ordinary Shares | | the dealings being disclosed relate | | | (Note 2) | | |----------------------------------------+--------------------------| | Date of dealing | 20th November 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +---------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+--------------------------+--------------------------------------| | |Number |Number | | | (%) | (%) | |---------------+--------------------------+--------------------------------------| |(1) Relevant |3,545,900 (8.08%) | | |securities | | | | | | | |---------------+--------------------------+--------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+--------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+--------------------------------------| |Total |3,545,900 (8.08%) | | | | | | +---------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +--------------------------------------------------------------------------+ |Class of | Long | Short | |relevant | | | |security: | | | | | | | |---------------+----------------------------+-----------------------------| | |Number |Number | | | (%) | (%) | |---------------+----------------------------+-----------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+----------------------------+-----------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+----------------------------+-----------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+----------------------------+-----------------------------| |Total | | | | | | | +--------------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | Purchase | 200 | 262.7p | | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short (Note | Number of securities | Price per | | name, | 6) | (Note 7) | unit (Note | | e.g. CFD | | | 5) | |----------+------------------+------------------------+------------| | | | | | | | | | | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 29th November 2006 | |----------------------------------------------+--------------------| | Contact name | Sam Barton | |----------------------------------------------+--------------------| | Telephone number | 020 7253 0889 | |----------------------------------------------+--------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |----------------------------------------------+--------------------| | If a connected EFM, state nature of | | | connection (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

SEB has decided to sell its property holdings in Estonia, Latvia and Lithuania. This is in line with SEB's strategy of not owning properties and outsourcing non-core operations. The property holdings comprise one sale and leaseback portfolio of 47 properties, in which SEB intends to lease premises over a long period of time, and one commercial portfolio of 16 properties. The commercial portfolio consists primarily of larger properties with significant development potential in attractive locations. These properties will mainly be let to other tenants or in which SEB intends to lease only for a limited period of time. The total book value amounts to EUR 104 million. "This is a unique opportunity for real estate investors to invest in a broad portfolio with properties in all the three Baltic countries. In addition, the strong economic growth in the Baltic countries creates favourable conditions for long-term rental growth together with an increasing demand for office space," says Anders Arozin, deputy head of Eastern European Banking. SEB has retained Catella Corporate Finance, SEB Enskilda and SEB Vilfima as exclusive advisors in the sale process. The bids shall be submitted before 16 January 2007, and the sale is expected to be completed during the first quarter of 2007. Interested investors can contact any of the following advisors: Catella Corporate Finance Box 5130 SE-102 43 Stockholm Sweden Telephone: +46 8 463 33 10 SEB Vilfima Jogailos str.10 LT-01116 Vilnius Lithuania Telephone: +370 5 268 14 00 SEB Enskilda ASA Box 1363 Vika NO-0113 Oslo Norway Telephone: +47 21 00 85 00 Since the Bank opened in 1856, generations of customers and employees have made SEB what it is today. This year the Group is celebrating 150 years of longstanding customer relationships, entrepreneurship and international outlook. The SEB Group is a North European financial group for 400,000 corporate customers and institutions, and 5 million private customers. SEB has local presence in the Nordic and Baltic countries, Germany, Poland, the Ukraine and Russia and has a global presence through its international network in another 10 countries. On 30 June 2006, the Group's total assets amounted to SEK 1,986bn while its assets under management totalled SEK 1,086bn. The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com. __________________________________________________________________________________________ For further information, please contact: Anders Arozin, deputy head of Eastern European Banking, telephone +46 8 763 98 37


 

Nordic Business Report-November 29, 2006-Lemminkainen Corporation to build new logistics centre in Finland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish construction group Lemminkainen Corporation said on Wednesday (29 November) that Oka Oy, a subsidiary of Lemminkainen Groups specialist building contractor Oy Alfred A. Palmberg Ab, has signed a contract to build a new logistics centre for Finnish budget-priced retailing chain Tokmanni Oy. The centre will be built in the Kapuli district of Mantsala beside the Hanko-Mantsala-Porvoo road near the new direct rail link between Lahti and Jarvenpaa. When completed, the centre will be largest logistics facility ever built on a green-field site in Finland. The footprint of the building is some 75,000 square metres. The contract is valued at some EUR40m. The Lemminkainen Group, headquartered in Helsinki, Finland operates in all sectors of the construction industry: civil engineering, building contracting, technical building services and the building materials industry. The groups main markets are in the Baltic Rim region. Lemminkainen is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-SEB to sell property holdings in Estonia, Latvia and Lithuania (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Swedish bank group SEB said on Wednesday (29 November) that it has decided to sell its property holdings in Estonia, Latvia and Lithuania. The property holdings comprise one sale and leaseback portfolio of 47 properties, in which SEB intends to lease premises over a long period of time, and one commercial portfolio of 16 properties. The total book value amounts to EUR 104m. The sale is in line with SEBs strategy of not owning properties and outsourcing non-core operations, the company said. The SEB Group, headquartered in Stockholm, Sweden, is a North European financial group for 400,000 corporate customers and institutions, and 5m private customers. On 30 June 2006 the Groups total assets amounted to SEK1,986bn while its assets under management totalled SEK1,086bn. The Group has about 20,000 employees. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Turnover in Swedish total retail trade up in October 2006 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Sweden, the Swedish state statistics agency, said on Tuesday (28 November) that the turnover in total retail trade in October 2006 increased by 9.3%, as compared to October 2005. Retail sales for mostly food (e.g. department stores and specialised grocery stores) increased by 5.5%, while retail sales for mostly durables (e.g. clothing stores, stores for furniture, stores for second-hand goods, mail order houses) increased by 11.8%. The last three months (August-October) showed an increase of 1.3%, as compared with the previous three months (May-July). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-CashGuard AB receives pilot order for cash handling system from IKEA in France (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish cash handling solutions and services provider CashGuard AB said on Wednesday (29 November) that it has received a pilot order for its closed cash handling system CashGuard Blue from furniture chain IKEA. The order, to be delivered during the first half of 2007, covers the installation of a CashGuard system at one of IKEAs department stores in France. The pilot order is based on a cooperation agreement signed by CashGuard and IKEA in January 2005. The value of the pilot order was not disclosed. CashGuard is headquartered in Taby in Sweden. The company has some 160 employees and reported a turnover of approximately SEK214m in 2005. CashGuard is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Norwegian engineering company Goodtech ASA acquires outstanding shares in subsidiaries (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian environmental technology and engineering company Goodtech ASA said on Wednesday (29 November) that its wholly-owned subsidiary Cronus Holding AS has agreed to acquire the outstanding 30% of the share capital of the subsidiaries Cronus Anker Engineering AS and Cronus Automasjon Vest AS. Cronus Holding is acquiring the shares from JTC Invest AS and Grip Holding AS for a total of approximately 2.50m shares of Goodtech and NOK2.44m in cash. JTC Invest and Grip Holding are owned by the management of Cronus Automasjon Vest and Cronus Anker Engineering, respectively. Goodtech said that it is carrying out the transactions as part of its preparations for future growth, and in order to streamline the groups internal operations. Goodtech, headquartered in Oslo, Norway, is active within environment and energy recovery, industrial automation, and materials handling and infrastructure. The company has 170 employees. Goodtech is listed on the Oslo Stock Exchange under the ticker GOD. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Norwegian offshore vessels operator DOF ASA secures 3-year charter for PSV Norskan Flamengo from Shell Brazil (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian offshore vessels operator DOF ASA said on Wednesday (29 November) that its Brazilian subsidiary Norskan Limitada has secured a three-year time charter contract for its platform supply vessel PSV Norskan Flamengo from Shell Brazil. The financial details of the contract were not disclosed, but according to DOF the agreed dayrate is approximately 35% higher than the current dayrate. DOF, headquartered in Storebo, Norway, operates a fleet of 55 platform supply vessels (PSV), anchor handling tug supply vessels (AHTS) and construction support/multi-purpose support vessels (CSV/MPSV). The company is listed on the Oslo Stock Exchange under the ticker DOF. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Sectra AB wins break-through order for medical imaging systems in Australia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish high-tech company Sectra AB said on Wednesday (29 November) that it has received an Australian break-through order for its medical imaging systems. Sectra said that it has received an order for an integrated Radiology Information System (RIS) and Picture Archiving and Communication System (PACS) solution from Goulburn Valley Imaging Group, a major radiology provider in Shepparton, Victoria. The order was secured after an extensive evaluation process. The financial value of the order was not disclosed. Sectra, headquartered in Linkoping in Sweden, develops medical and secure communication systems. The company has offices in 11 countries and annual sales of SEK564m. Sectra is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Swedish installations contractor El & Industrimontage Svenska AB wins new orders from Swedish mining companies (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish electrical and industrial installation services provider El & Industrimontage Svenska AB said on Wednesday (29 November) that it has secured new orders worth a total of SEK52m from Swedish mining companies LKAB and Zinkgruvan Mining AB. LKAB placed a SEK45m order for 20 medium voltage (6 kV) Allen-Bradley rectifiers from Rockwell Automation. The equipment will be used to control mills, pumps and fans at LKABs mine in Kiruna. Zinkgruvan Mining placed a SEK7m order for two medium voltage rectifiers for its Zinkgruvan mine. El & Industrimontage Svenska is headquartered in Umea, Sweden. The company has 750 employees and reported a turnover of SEK793m in 2005. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Swedish lighting solutions provider AB Fagerhult acquires French company Eclairage Conseil Lyonnais (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish lighting solutions provider AB Fagerhult said on Wednesday (29 November) that it has agreed to acquire French company Eclairage Conseil Lyonnais (ECL). ECL, based St Genis Laval in France, provides lighting solutions for the retail industry. Fagerhult said that the acquisition will strengthen its position in the European retail lighting industry, as well as create a platform for future growth in the French market. No financial details were disclosed, but Fagerhult said that it expects the transaction to have a positive effect in 2007. Fagerhult Group, headquartered in Habo, Sweden, develops and manufactures professional lighting systems and decorative lighting. The company has 1,600 employees and an annual turnover of SEK2bn. Fagerhult Group is quoted on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Wyndeham owners CEO confirms sale talks (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The chief executive of Icelandic media company 365, owner of UK printing company Wyndeham Press, confirmed to Icelandic Financial News (IFN) on Wednesday (29 November) that the company is currently in discussions regarding the sale of Wyndeham. 365s chief executive, Ari Edwald, however would not disclose which parties were involved, nor when the planned sale is due to take place. Edwald says that 365s goal is to sell a majority share in Wyndeham in the deal. According to sources close to the situation 365 is in talks with a UK-based investment company. If the discussions lead to a sale, Wyndeham will be sold for the second time this year. Icelands Dagsbrun, which has now been split up into 365 and Teymi, acquired Wyndeham for GBP81m earlier this year. On 15 November Dagsbrun issued a ISK1.5bn (GBP11m) profit warning regarding the sale of Wyndeham. Edwald says that 365s operations will be primarily based in Iceland in the near future. However 365 will own stakes in Wyndeham Press and Hans Holding, which 365 plans on selling to relieve its debt burden. One British pound (GBP) is worth approximately 129.46 Icelandic kronur (ISK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjavik (IFN) The chief executive of Icelandic media company 365, owner of UK printing company Wyndeham Press,  confirmed to IFN on Wednesay, that the company is currently in discussions regarding the sale of Wyndeham.365s chief exectutive, Ari Edwald, however would not disclose which parties were involved, nor when the planned sale is due to take place. Edwald says that 365s goal is to sell a majority share in Wyndeham in the deal.According to sources close to the situation 365 is in talks with a UK-based investment company.


 

Nordic Business Report-November 29, 2006-Fast Search & Transfer ASA wins contract in Brazil (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian real-time search solutions developer Fast Search & Transfer ASA (FAST) said on Wednesday (29 November) that Brazilian fixed telephony operator Brasil Telecom S/A has signed an agreement to deploy the FAST Enterprise Search Platform (FAST ESP). The FAST agreement with Brasil Telecom is based on software license, maintenance fees and professional services. The value of the contract was not disclosed. Brasil Telecoms network covers 33% of the country and serves 23% of the population. Brasil Telecom has more than 10 million installed lines and more than 285,000 public telephones, of which 97% are digital. FAST, headquartered in Oslo, Norway, develops and provides enterprise search solutions. The company is traded on Oslo Stock Exchange under the ticker FAST. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Finnair Plc signs order for four new Embraer 190 jet aircraft (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish airline Finnair Plc said on Wednesday (29 November) that it has signed an order for four new 100 seat Embraer 190 jet aircraft. Finnair said that it used its four remaining options for the order, which is valued at over EUR100m The aircraft will be delivered to Finnair in 2008-09, two during both years. Once these new aircraft have arrived Finnair will have an Embraer fleet comprising 20 aircraft. Embraer aircraft are used in Finnair traffic on domestic routes as well as many Scandinavian and other European routes. The Embraer jets have in part replaced the Boeing MD-80s which were retired from the Finnair fleet last July. Finnair, established in 1923, operates a route network of 50 international destinations and 15 domestic destinations with a fleet of 67 aircraft. The companys largest shareholder is the Finnish state with a 56.3% holding. Finnair is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | AXA Investment Managers UK | | | Limited/AXA Framlington | | | Investment Management Limited | |-----------------------------------+-------------------------------| | Company dealt in | Cattles Hold Ord 10p | |-----------------------------------+-------------------------------| | Class of relevant security to | Ordinary shares | | which the dealings being | | | disclosed relate (Note 2) | | |-----------------------------------+-------------------------------| | Date of dealing | 28/11/06 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+--------------------------+------------------------------------------------| | |Number |Number | | | (%) | (%) | |---------------+--------------------------+------------------------------------------------| |(1) Relevant |5,043,111 (1.53%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |5,043,111 (1.53%) | | | | | | +-------------------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +--------------------------------------------------------------------------+ |Class of | Long | Short | |relevant | | | |security: | | | | | | | |---------------+----------------------------+-----------------------------| | |Number |Number | | | (%) | (%) | |---------------+----------------------------+-----------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+----------------------------+-----------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+----------------------------+-----------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+----------------------------+-----------------------------| |Total | | | | | | | +--------------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | Sold | 15,446 | 4.018p | | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short (Note | Number of securities | Price per | | name, | 6) | (Note 7) | unit (Note | | e.g. CFD | | | 5) | |----------+------------------+------------------------+------------| | | | | | | | | | | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 29/11/06 | |--------------------------------------------------+----------------| | Contact name | Tariq Ghandour | |--------------------------------------------------+----------------| | Telephone number | 0207 003 2805 | |--------------------------------------------------+----------------| | If a connected EFM, name of offeree/offeror with | N/A | | which connected | | |--------------------------------------------------+----------------| | If a connected EFM, state nature of connection | N/A | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Free for publication November 29, 2006 at 1.30 pm. EET THE TRANSACTION CONCERNING ELEKTROBIT'S NETWORK TEST BUSINESS HAS BEEN APPROVED BY ANITE'S EXTRAORDINARY GENERAL MEETING The shareholders of Anite Group plc. (Anite) have approved the planned transaction concerning Elektrobit Group Plc.'s Network Test business at their Extraordinary General Meeting held on November 29, 2006. Elektrobit announced the agreement concerning the sale of the Network Test business to Anite in its Stock Exchange Release on November 3, 2006. The transaction is expected to be closed on November 30, 2006. In Oulunsalo, November 29, 2006 Pertti Korhonen CEO Elektrobit Group Plc. Further information: Maija-Liisa Fors Director, Investor Relations Elektrobit Group Plc. Tel. +358 40 344 2875 DISTRIBUTION: OMX Helsinki Principal media About Elektrobit Elektrobit is a Technology Company specialized in embedded software and hardware solutions for selected automotive and wireless environments. Elektrobit delivers software systems and navigation solutions for cars, advanced reference design terminals, IP radio base station modules, as well as R&D services and testing, material handling and process automation equipment for the electronics industry and teleoperators. Elektrobit employs some 2,000 professionals in 15 countries. The net sales for the year 2005 totalled MEUR 212.5. Elektrobit Group Plc. is listed on OMX Helsinki. www.elektrobit.com About Anite Anite is an international IT company whose primary business is the provision of business critical solutions based on its deep sector knowledge of the telecoms, public sector, and travel markets. These solutions almost always include at their core the supply of Anite-owned software products. The Group offers a comprehensive service to its customers, including implementation, systems integration, maintenance and managed services. Headquartered in the UK, the Group now employs around 1,300 staff in ten countries across Europe, America, and Asia Pacific.


 

MONTREAL, QUEBEC -- (MARKET WIRE) -- November 29, 2006 -- Bombardier Inc. (TSX: BBD.A)(TSX: BBD.B) (All amounts in this press release are in U.S. dollars unless otherwise indicated.) - Net income of $74 million, compared to a loss of $9 million last year - EPS of $0.04 (EPS from continuing operations of $0.03), compared to a loss of $0.01 (EPS from continuing operations before special items of $0.01) last year - New order intake of $2.8 billion at Bombardier Transportation - Net orders of 95 aircraft and deliveries of 73 aircraft at Bombardier Aerospace - Issuance of 1.9 billion euro ($2.4 billion) of senior notes completed in November Bombardier today released financial results for the third quarter of fiscal year 2007 showing improvements in profitability for the Corporation. Net income reached $74 million for the quarter ended October 31, 2006, compared to a loss of $9 million last year. Earnings before income taxes (EBT) from continuing operations amounted to $55 million for the third quarter, compared to $22 million before special items for the same period last year (a loss of $3 million after special items). Earnings per share (EPS) was $0.04 (EPS from continuing operations of $0.03), compared to a loss of $0.01 (EPS from continuing operations before special items of $0.01) for the same period last year. The overall order backlog reached $35 billion, a $3.4 billion increase since year-end. "At Bombardier Transportation, EBIT margin increased and we had an impressive $2.8 billion in new orders. This is compelling evidence that the group is indeed becoming more efficient and competitive," said Laurent Beaudoin, Chairman of the Board and Chief Executive Officer, Bombardier Inc. "The productivity improvement measures put in place at Bombardier Aerospace should enable the group to better position itself in a challenging environment. While the regional jet market remains tough, the turboprop and business jet segments are showing sustained demand. The overall improvement in Bombardier's profitability indicates that our continued focus on managing costs and sharpening execution are generating positive results," he said. The Corporation also undertook a comprehensive refinancing plan during the third quarter, which included tender offers of certain notes, a new issue of senior notes, as well as bank line renewals. The 1.9-billion euro issue of senior notes, which successfully closed in November, is one of the largest euro-denominated corporate issues ever completed. Bombardier Aerospace Earnings before financing income, financing expense and income taxes (EBIT) totalled $43 million, compared to $31 million for the same period last fiscal year. The EBIT margin also improved reaching 2.3%, compared to 1.7% for the corresponding period last year. The total number of aircraft deliveries remained stable at 73 deliveries, compared to 74 for the same period last fiscal year, despite a labor strike at the Learjet plant in Wichita. The Aerospace group recorded an increase in net orders during the three-month period ended October 31, 2006 with 95 net orders, compared to 53 during the same period last year. At business aircraft, a healthy order intake of 57 aircraft for the quarter underscores the market's continued strength. During the past quarter, the Challenger 605 aircraft received type certification from Transport Canada (TC), the European Aviation Safety Agency (EASA), and the U.S. Federal Aviation Administration (FAA), and the group delivered the first green Challenger 605 aircraft. Major restructuring within the U.S. airline industry continues impacting the regional aircraft market for all manufacturers. Bombardier Aerospace proactively adjusted its production schedule by aligning regional aircraft production with demand. The group reduced its production rate of the CRJ700/900 aircraft, while ramping up production of 70-seat Q400 turboprops, which continue to enjoy strong favour within today's cost-sensitive markets. New orders from Northwest Airlines for 36 CRJ900 aircraft and from My Way Airlines of Italy for 19 CRJ900 aircraft testify to the market's migration toward larger Bombardier regional jets and to the group's determined sales efforts. These contracts, as well as Frontier Airlines' order for 10 Q400 turboprops, are enduring reminders that the group's regional aircraft offer the industry's most compelling economics. Bombardier Aerospace's total order backlog reached $11.6 billion at the end of the third quarter, compared to $10.7 billion at year-end. Bombardier Transportation Bombardier Transportation's EBIT improved again this quarter, reaching $62 million from $39 million before special items for the same period last fiscal year. This translates into an EBIT margin of 4% for the third quarter, compared to 2.6% before special items for the same period last year. Bombardier Transportation's new order intake reached $2.8 billion during the third quarter, resulting in a book-to-bill ratio of 1.8, while the total order backlog stood at $23.4 billion at the end of the third quarter. Ongoing efforts to hone the group's operational competitiveness resulted in the signing of a landmark contract with the Gauteng Provincial Government of South Africa for a rapid rail transit system and a 15-year maintenance agreement, valued at approximately $1.7 billion. Bombardier Transportation was also awarded a significant contract by Transport for London (TfL) for Electrostar electric multiple unit cars, along with a maintenance and services agreement of 7.5 years, valued at approximately $425 million. In November 2006, Societe Nationale des Chemins de fer Francais (SNCF) reiterated its confidence in Bombardier Transportation by awarding a contract for the supply of new regional trains for its Greater Paris/Ile-de-France suburban network. The initial order includes 172 trains valued at approximately $1.8 billion, with an option for an additional 200 trains valued at approximately $1.7 billion. Also in November 2006, Bombardier Transportation received an order valued at approximately $605 million for 112 high-capacity trains, AGC type, from the SNCF. Financial highlights (unaudited, in millions of U.S. dollars, except per share amounts, which are shown in dollars) --------------------------------------------------------------------- --------------------------------------------------------------------- Three-month periods ended October 31 --------------------------------------------------------------------- 2006 2005 --------------------------------------------------------------------- BA BT Total BA BT Total --------------------------------------------------------------------- Revenues $1,841 $1,547 $3,388 $1,789 $1,512 $3,301 Cost of sales 1,586 1,333 2,919 1,523 1,319 2,842 --------------------------------------------------------------------- Margin 255 214 469 266 193 459 Operating expenses 107 128 235 125 125 250 --------------------------------------------------------------------- EBITDA before special items 148 86 234 141 68 209 Amortization 105 24 129 110 29 139 --------------------------------------------------------------------- EBIT before special items 43 62 105 31 39 70 Special items - - - - 25 25 --------------------------------------------------------------------- EBIT $43 $62 105 $31 $14 45 Financing income(1) (31) (39) Financing expense(1) 81 87 --------------------------------------------------------------------- EBT from continuing operations 55 (3) Income tax expense (recovery)(1) 2 (2) --------------------------------------------------------------------- Income (loss) from continuing operations 53 (1) Income (loss) from discontinued operations, net of tax 21 (8) --------------------------------------------------------------------- Net income (loss) $74 $(9) --------------------------------------------------------------------- --------------------------------------------------------------------- Basic and diluted earnings (losses) per share From continuing operations before special items $0.03 $0.01 Net income (loss) $0.04 $(0.01) --------------------------------------------------------------------- --------------------------------------------------------------------- Segmented free cash flow $18 $(142) $(124) $470 $(127) $343 Income taxes and net financing expense(1) 7 - --------------------------------------------------------------------- Free cash flow $(117) $343 --------------------------------------------------------------------- --------------------------------------------------------------------- --------------------------------------------------------------------- --------------------------------------------------------------------- Nine-month periods ended October 31 --------------------------------------------------------------------- 2006 2005 --------------------------------------------------------------------- BA BT Total BA BT Total --------------------------------------------------------------------- Revenues $5,672 $4,757 $10,429 $5,687 $5,004 $10,691 Cost of sales 4,842 4,120 8,962 4,849 4,395 9,244 --------------------------------------------------------------------- Margin 830 637 1,467 838 609 1,447 Operating expenses 352 392 744 363 400 763 --------------------------------------------------------------------- EBITDA before special items 478 245 723 475 209 684 Amortization 314 76 390 316 83 399 --------------------------------------------------------------------- EBIT before special items 164 169 333 159 126 285 Special items - 24 24 - 51 51 --------------------------------------------------------------------- EBIT $164 $145 309 $159 $75 234 Financing income(1) (109) (104) Financing expense(1) 257 265 --------------------------------------------------------------------- EBT from continuing operations 161 73 Income tax expense(1) 30 23 --------------------------------------------------------------------- Income from continuing operations 131 50 Income from discontinued operations, net of tax 25 113 --------------------------------------------------------------------- Net income $156 $163 --------------------------------------------------------------------- --------------------------------------------------------------------- Basic and diluted earnings per share From continuing operations before special items $0.08 $0.04 Net income $0.08 $0.08 --------------------------------------------------------------------- --------------------------------------------------------------------- Segmented free cash flow $43 $(348) $(305) $430 $(356) $74 Income taxes and net financing expense(1) (205) (189) --------------------------------------------------------------------- Free cash flow $(510) $(115) --------------------------------------------------------------------- --------------------------------------------------------------------- BA: Aerospace; BT: Transportation. (1) Income taxes and net financing expense are not allocated to segments. FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED OCTOBER 31, 2006 ANALYSIS OF RESULTS Consolidated results Consolidated revenues totalled $3.4 billion for the third quarter ended October 31, 2006, compared to $3.3 billion for the same period last year. For the nine-month period ended October 31, 2006, consolidated revenues reached $10.4 billion compared to $10.7 billion for the same period last year. The $87-million increase for the three-month period mainly reflects increased deliveries of the larger regional jets and turboprops, the favourable mix and improved selling prices for business aircraft and higher services and system and signalling revenues in Transportation, partially offset by lower selling prices for regional aircraft and decreased mainline revenues in Transportation. The $262-million decrease for the nine-month period mainly reflects decreased mainline revenues in the United Kingdom (U.K.) and Germany in Transportation and lower deliveries of regional jets, mainly CRJ200 aircraft, partially offset by increased deliveries of, and improved selling prices for business aircraft and higher services and system and signalling revenues in Transportation. EBT from continuing operations before special items, related to the Transportation restructuring plan initiated in fiscal year 2005, for the three-month period ended October 31, 2006 amounted to $55 million, compared to $22 million for the same period last year. For the nine-month period ended October 31, 2006, EBT from continuing operations before special items amounted to $185 million, compared to $124 million for the same period last fiscal year. These increases result from a higher EBIT margin in Transportation, mainly due to improvements in contract execution and the positive impact of restructuring initiatives. In addition, the EBT from continuing operations for the three-month period reflects an improvement in the EBIT margin in Aerospace. EBT from continuing operations amounted to $55 million for the third quarter of fiscal year 2007, compared to a loss of $3 million for the same period the previous year. For the nine-month period ended October 31, 2006, EBT from continuing operations amounted to $161 million, compared to $73 million for the corresponding period last year. Income from continuing operations before special items, net of tax totalled $53 million, or $0.03 per share, for the third quarter ended October 31, 2006, compared to $22 million, or $0.01 per share, for the same period last year. Net income was $74 million, or $0.04 per share, for the third quarter of fiscal year 2007, compared to a loss of $9 million, or $0.01 per share, for the same period the previous year. For the nine-month period ended October 31, 2006, income from continuing operations before special items, net of tax, totalled $153 million, or $0.08 per share, compared to $92 million, or $0.04 per share, for the same period the previous year. Net income was $156 million, or $0.08 per share, for the nine-month period ended October 31, 2006, compared to $163 million, or $0.08 per share, for the same period the previous year. As at October 31, 2006, Bombardier's order backlog was $35 billion, compared to $31.6 billion as at January 31, 2006. The $3.4-billion increase is due to a higher order intake compared to revenues recorded for Transportation and business aircraft, and a positive currency impact on the order backlog in Transportation, mainly arising from the strengthening of the euro and the pound sterling compared to the U.S. dollar, amounting to approximately $830 million. Bombardier Aerospace - Revenues of $1.8 billion - EBITDA of $148 million - EBIT of $43 million - Free cash flow of $18 million - Order backlog of $11.6 billion - Net orders of 95 aircraft and deliveries of 73 aircraft - Reduction in the production rate for the CRJ700/900 aircraft - The Challenger 605 aircraft received TC, EASA and FAA type certification Bombardier Aerospace's revenues amounted to $1.8 billion for the three-month periods ended October 31, 2006, and 2005. Margin amounted to $255 million, or 13.9% of revenues, for the three-month period ended October 31, 2006, compared to $266 million, or 14.9%, for the same period the previous year. The one percentage-point decrease is mainly due to the negative impact of severance and other involuntary termination costs, lower margins on the sale of regional jets and lower deliveries of business aircraft, partially offset by the positive impact of achieved cost savings, mainly for business aircraft that led to a revision of cost estimates, the favourable mix and improved selling prices for business aircraft, higher margin on spare parts sales and increased margins on turboprops. Earnings before financing income, financing expense, income taxes, depreciation and amortization (EBITDA) amounted to $148 million, or 8% of revenues, for the three-month period ended October 31, 2006, compared to $141 million, or 7.9%, for the same period last year. EBIT amounted to $43 million, or 2.3% of revenues, for the third quarter ended October 31, 2006, compared to $31 million, or 1.7%, for the same period the previous year. For the quarter ended October 31, 2006, aircraft deliveries totalled 73, compared to 74 for the same period the previous year. The 73 deliveries consisted of 42 business aircraft (48 aircraft for the corresponding period last fiscal year) and 31 regional aircraft (26 aircraft for the corresponding period last fiscal year). The decrease in business aircraft deliveries reflects lower deliveries of Learjet 45 XR and Learjet 60 aircraft, mainly due to a strike at the Learjet facility in Wichita and lower deliveries of the Challenger 604 aircraft due to the transition to the new Challenger 605 aircraft. The increase in regional aircraft deliveries reflects a shift in demand towards larger regional jets and turboprops, partially offset by a decline in smaller regional jets (CRJ200 aircraft). Bombardier received 57 net orders for business aircraft, during the three-month period ended October 31, 2006, compared to 58 net orders during the same period last fiscal year. The order intake remains strong and is consistent with the continued strength of the business aircraft market. For the quarter ended October 31, 2006, Bombardier received 38 net orders for regional aircraft net of the removal of 30 aircraft as a result of an agreement reached with U.S. Airways, compared to five net cancellations for the same period last year. Net orders for the quarter included an order for 36 CRJ900 aircraft from Northwest Airlines of U.S. valued at approximately $1.35 billion; 19 CRJ900 regional jets from My Way Airlines of Italy valued at approximately $702 million and for 10 Q400 turboprops from Frontier Airlines of U.S. valued at approximately $257 million. Free cash flow (cash flows from operating activities less net additions to property, plant and equipment) amounted to $18 million for the three-month period ended October 31, 2006, compared to $470 million for the same period the previous year. The free cash flow for the three-month period ended October 31, 2005, was positively impacted by the closing of the RASPRO securitization. As at October 31, 2006, the Aerospace order backlog totalled $11.6 billion, compared to $10.7 billion as at January 31, 2006. The increase in the order backlog is mainly due to higher order intake compared to revenues recorded for business aircraft. Bombardier Transportation - Revenues of $1.5 billion - EBITDA of $86 million - EBIT of $62 million - Free cash flow use of $142 million - New order intake totalling $2.8 billion (book-to-bill ratio of 1.8) - Order backlog of $23.4 billion Bombardier Transportation's revenues amounted to $1.5 billion for the three-month periods ended October 31, 2006 and 2005. Margin amounted to $214 million, or 13.8% of revenues, for the three-month period ended October 31, 2006, compared to $193 million, or 12.8%, for the same period the previous year. The one percentage-point increase is mainly due to improvements in contract execution and the positive impact of the restructuring initiatives. EBITDA amounted to $86 million, or 5.6% of revenues, for the three-month period ended October 31, 2006, compared to $68 million before special items, or 4.5%, for the same period last year. EBIT totalled $62 million, or 4% of revenues, for the third quarter ended October 31, 2006, compared to $39 million before special items, or 2.6%, for the same quarter the previous year. Free cash flow use amounted to $142 million for the three-month period ended October 31, 2006, compared to a use of $127 million for the same period last fiscal year. Order intake during the three-month period ended October 31, 2006, totalled $2.8 billion, an increase of $700 million compared to the same period last fiscal year. Major orders were for a fleet of 96 Electrostar vehicles and for signalling and maintenance from Gauteng Provincial Government of South Africa, valued at approximately $1.7 billion and for 152 Electrostar electric multiple unit cars and maintenance from Transport of London of U.K., valued at approximately $425 million. Bombardier Transportation's order backlog totalled $23.4 billion as at October 31, 2006, compared to $20.9 billion as at January 31, 2006. The increase in the value of the order backlog is mainly due to higher order intake compared to revenue recorded and reflects the net positive currency adjustment, amounting to approximately $830 million. The net positive currency adjustment results mainly from the strengthening of the euro and the pound sterling compared to the U.S. dollar as at October 31, 2006 compared to January 31, 2006. DIVIDENDS ON PREFERRED SHARES Series 2 Preferred Shares A monthly dividend of $0.1250 Cdn per share on Series 2 Preferred Shares has been paid on September 15, October 15, and November 15, 2006. Series 3 Preferred Shares A quarterly dividend of $0.34225 Cdn per share on Series 3 Preferred Shares is payable on January 31, 2007 to the shareholders of record at the close of business on January 19, 2007. Series 4 Preferred Shares A quarterly dividend of $0.390625 Cdn per share on Series 4 Preferred Shares is payable on January 31, 2007 to the shareholders of record at the close of business on January 19, 2007. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com. Challenger, Challenger 604, Challenger 605, CRJ, CRJ200, CRJ700, CRJ900, Learjet, Learjet 45 XR, Learjet 60, Q400 and Electrostar are trademarks of Bombardier Inc. or its subsidiaries. The Management's Discussion and Analysis and the Consolidated Financial Statements are available at www.bombardier.com. FORWARD-LOOKING STATEMENTS This press release includes forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "plan", "foresee", "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. By their nature, forward-looking statements require Bombardier Inc. (the "Corporation") to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause the Corporation's actual results in future periods to differ materially from forecasted results. While the Corporation considers its assumptions to be reasonable and appropriate based on current information available, there is a risk that they may not be accurate. For additional information with respect to the assumptions underlying the forward-looking statements made in this press release, please refer to the respective Management's Discussion and Analysis ("MD&A") sections of the Corporation's aerospace segment ("Aerospace") and the Corporation's transportation segment ("Transportation") in the Corporation's annual report for fiscal year 2006. Certain factors that could cause actual results to differ materially from those anticipated in the forward-looking statements include risks associated with general economic conditions, risks associated with the Corporation's business environment (such as the financial condition of the airline industry, government policies and priorities and competition from other businesses), operational risks (such as regulatory risks and dependence on key personnel, risks associated with doing business with partners, risks involved with developing new products and services, warranty and casualty claim losses, risks from legal proceedings, risks relating to the Corporation's dependence on certain key customers and key suppliers, risks resulting from fixed term commitments, human resource risks and environmental risks), financing risks (such as risks resulting from reliance on government support, risks relating to financing support provided on behalf of certain customers, risks relating to liquidity and access to capital markets, risks relating to the terms of certain restrictive debt covenants and market risks, including currency, interest rate and commodity pricing risk). See Risks and Uncertainties in the MD&A section of Bombardier Inc.'s annual report for fiscal year 2006 for further information. Readers are cautioned that the foregoing list of factors that may affect future growth, results and performance is not exhaustive and undue reliance should not be placed on forward-looking statements. The forward-looking statements set forth herein reflect the Corporation's expectations as at the date of this press release and are subject to change after such date. Unless otherwise required by applicable securities laws, the Corporation expressly disclaims any intention, and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. CAUTION REGARDING NON-GAAP EARNINGS MEASURES This press release is based on reported earnings in accordance with Canadian generally accepted accounting principles (GAAP). It is also based on EBITDA, EBIT, EBT and EPS from continuing operations before special items as well as on Free Cash Flow. These non-GAAP measures are directly derived from the Consolidated Financial Statements, but do not have a standardized meaning prescribed by GAAP; therefore, others using these terms may calculate them differently. Management believes that a significant number of the users of its Consolidated Financial Statements and MD&A analyze the Corporation's results based on these performance measures and that this presentation is consistent with industry practice. Special items are related to Transportation's restructuring plan initiated in fiscal year 2005. Management views these items as potentially distorting the analysis of trends. Contacts: Bombardier Inc. Isabelle Rondeau Director, Communications +514-861-9481 Bombardier Inc. Shirley Chenier Director, Investor Relations +514-861-9481 www.bombardier.com SOURCE: Bombardier Inc.


 

Bergman & Beving has today concluded an agreement to acquire 100 percent of the shares outstanding in TOOLS Maskinhjørnet AS (Maskinhjørnet) in Stord. Maskinhjørnet is a prominent industrial reseller business in south-western Norway. The acquisition includes Maskinhjørnet's 50-percent stake in TOOLS Aukra, a newly established reseller business that will supply the landing terminal for expansion of the Ormen Lange gas field in the North Sea with industrial consumables. With this acquisition, Bergman & Beving and the TOOLS chain further strengthen their positions as suppliers to Norwegian industry, offshore and shipping. Opportunities for further expansion are deemed to be good. Maskinhjørnet has net revenues of approximately MNOK 68 per annum, with good profitability, and the company has 22 employees. The customers are primarily comprised of companies in the industrial sector, offshore and shipping. The product line offered includes tools, fastening elements, ball bearings, electrical hand tools, welding, hydraulics, personal protection equipment and work-clothes, and other industrial consumables. Maskinhjørnet offers customised solutions with a high degree of service, competence and availability. After elimination of the Bergman & Beving Group's current sales to Maskinhjørnet, the Group's consolidated annual net revenues are expected to increase by approximately MNOK 62. Closing is expected to take place at the end of December 2006 after approval has been obtained from the relevant authorities. The acquisition is expected to have a marginally positive effect on Bergman & Beving's earnings per share from the time of closing. Stockholm, 29 November 2006 BERGMAN & BEVING AB (publ) For further information, contact: Johan Falk, President, Bergman & Beving Integration AB, telephone +46-8-660 10 30 Mats Karlqvist, Vice President - Investor Relations, Bergman & Beving AB, telephone +46-8-666 97 40


 

Nordic Business Report-November 29, 2006-CEO of Nordea to resign in 2007 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Pan-Nordic financial group Nordea AB said on Wednesday (29 November) that its president and group CEO Lars G Nordstrom will step down from his position in connection with Nordeas next Annual General Meeting on 13 April 2007. The board of directors has appointed Christian Clausen to succeed Lars G Nordstrom as president and group CEO of Nordea. Clausen is currently head of Asset Management & Life and a member of Group Executive Management in Nordea. His current position includes the responsibility for Nordeas Private Banking activities and the Savings and Wealth Management area. "Having realised most of our targets well ahead of our timetable and with a strong team and the future strategy in place I find it natural to step down next year," said Lars G Nordstrom. Nordea is the leading financial services group in the Nordic and Baltic Sea area. It has 1,100 branch offices and nearly 11m customers. Nordea is listed on the Nordic Exchange in Stockholm, Helsinki and Copenhagen. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Kemira Oyj acquires all shares of Polish joint venture (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish chemicals group Kemira Oyj said on Wednesday (29 November) that it has acquired Mondis shares of the joint venture Kemira Swiecie Sp.zo.o. in Poland. Previously Kemira owned 65% of the shares and Mondi 35%. The transaction gives Kemira 100% ownership of the company. The acquisition price was not disclosed. Kemira produces crude tall oil at Mondis site in Swiecie. The oil is used for further processing at Kemiras site in Krems, Austria. In addition to this Kemira Swiecie produces and sells a variety of other paper chemicals. Kemira is planning to further develop its business in eastern Europe, and is looking into possibilities to increase the production of paper chemicals in Poland. The acquisition is part of Kemiras strategy to strengthen its position in growing markets. Kemira Oyj, headquartered in Helsinki, Finland, is a chemicals group that is made up of four business areas: pulp and paper chemicals, water treatment chemicals, performance chemicals and paints. In 2005 Kemira recorded revenue of around EUR2.0bn and it has 8,000 employees. Kemira operates in 40 countries. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Poyry Plc wins engineering and project management contract in the US (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish consulting and engineering group Poyry Plc said on Wednesday (29 November) that its Forest Industry business group has signed an agreement with USG Corporation, Chigaco, IL, to provide engineering and project management services for a major board machine rebuild at USGs Otsego mill in Michigan, US. The 4.5-m-wide (179 inches) PM1 board line will be rebuilt to produce high-quality gypsum linerboard in a basis weight range of 160-205 g/sq m. Poyrys contract includes engineering management, civil and detail engineering services, as well as time scheduling and procurement services. The services will be provided during 2007. The value of the services contract is about EUR2.5m. USG Corporation is a Chicago-based Fortune 500 manufacturer and distributor of high-performance building systems. Poyry, headquartered in Vantaa, Finland, provides consulting and engineering services to the energy, forest industry and infrastructure & environment sectors. It has 6,000 employees and annual net sales of EUR600m. Poyry is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Swedish industrial supplier Bergman & Beving AB acquires Norwegian industrial reseller (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial supplier Bergman & Beving AB said on Wednesday (29 November) that it has concluded an agreement to acquire 100% of the shares outstanding in industrial reseller TOOLS Maskinhjornet AS (Maskinhjornet) in Stord, Norway. The acquisition includes Maskinhjornets 50% stake in TOOLS Aukra, a newly established reseller business that will supply the landing terminal for expansion of the Ormen Lange gas field in the North Sea with industrial consumables. With the acquisition Bergman & Beving and the TOOLS chain further strengthen their positions as suppliers to Norwegian industry, offshore and shipping. Maskinhjornet has annual net revenues of approximately NOK68m, with good profitability. The company has 22 employees. After elimination of the Bergman & Beving Groups current sales to Maskinhjornet, the groups consolidated annual net revenues are expected to increase by approximately NOK62m. The acquisition is expected to have a marginally positive effect on Bergman & Bevings earnings per share from the time of closing. Bergman & Beving, headquartered in Stockholm, Sweden, is a supplier to the Nordic construction and industrial sectors and has annual net revenues of over SEK5bn. Bergman & Beving is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Wartsila Corporation wins power plant contract in West Siberia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish power plants and ship power solutions supplier Wartsila Corporation said on Wednesday (29 November) that it has been awarded a contract to supply a 52 MW gas-fired power plant to Western Siberia. The combined heat and power (CHP) plant will be built at the Tarasovskoye oil field in the Yamalo-Nenets Autonomous District of the Tyumen region. The contract is Wartsilas first CHP project of over 50 MW in Russia and the first-ever power plant for the Russian state-owned oil company Rosneft, one of the top ten oil producers in the world. The power plant will comprise six Wartsila 34SG engines running on associated gas from the oil well. In addition Wartsila will deliver the power plant building. The power plant equipment will be delivered between October and December 2007 and the gas power plant will be fully operational in the spring of 2008. The value of the order was not disclosed. Wartsila Corporation supplies power solutions for the marine and energy markets. The company has over 13,000 employees in 70 countries, and reported a turnover of EUR2.64bn in 2005. Wartsilas shares are traded on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | DEEPHAVEN CAPITAL | | | MANAGEMENT LLC | |-------------------------------------------+-----------------------| | Company dealt in | London Stock Exchange | | | Group plc | |-------------------------------------------+-----------------------| | Class of relevant security to which the | 6 79/86p Ordinary | | dealings being disclosed relate (Note 2) | | |-------------------------------------------+-----------------------| | Date of dealing | 28th November 2006 | |-------------------------------------------+-----------------------| | | | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------+ | | Long | Short | | | | | |-------------------------------+--------------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |-------------------------------+-----------+--------+--------+-----| | (1) Relevant securities | | | | | | | | | | | |-------------------------------+-----------+--------+--------+-----| | (2) Derivatives (other than | 5,000,000 | 2.3450 | | | | options) | | | | | | | | | | | |-------------------------------+-----------+--------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |-------------------------------+-----------+--------+--------+-----| | Total | 5,000,000 | 2.3450 | | | | | | | | | +-------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +-------------------------------------------------------------------+ | Class of relevant security: | Long | Short | | | | | |-------------------------------------+--------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (1) Relevant securities | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | Total | | | | | | | | | | | +-------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short | Number of securities | Price per unit | | name, | (Note 6) | (Note 7) | (Note 5) | | e.g. CFD | | | | |----------+------------+--------------------------+----------------| | CFD | SHORT | 125,000 | 1306.2976 | |----------+------------+--------------------------+----------------| | CFD | SHORT | 125,000 | 1,307.8200 | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 29th November 2006 | |----------------------------------------------+--------------------| | Contact name | James Feast | |----------------------------------------------+--------------------| | Telephone number | 0207 469 1901 | |----------------------------------------------+--------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |----------------------------------------------+--------------------| | If a connected EFM, state nature of | | | connection (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Nordea's President and Group CEO Lars G Nordström will step down from his position in connection with Nordea's next Annual General Meeting that will take place 13 April 2007. The Board of Directors today has appointed Christian Clausen to succeed Lars G Nordström as President and Group CEO of Nordea. Christian Clausen is 51 years old and is currently Head of Asset Management & Life and since 2001 member of Group Executive Management in Nordea. His current position includes the responsibility for Nordea's Private Banking activities and the Savings and Wealth Management area. He holds a Master of Science in Economics and he joined Privatbanken as Managing Director in Privatbørsen in 1988. From 1990 he has held managing director positions of first Unibørs Securities and later Unibank Markets. In 1998 Christian Clausen became a member of the Executive Board in Unibank. - Lars G Nordström is one of the most respected and experienced bankers in Northern Europe and he is doing an impressive job as CEO of Nordea. We have seen a successful transformation of Nordea into a focussed and performance-oriented organisation delivering consistent and strong results. With the future organic growth strategy in place the time has now come to present our succession plan. We have had a very thorough selection process also including external search and we are convinced that by appointing Christian Clausen we have found the most qualified and best-suited candidate to succeed Lars, says Hans Dalborg, Chairman of Nordea. - Having realised most of our targets well ahead of our timetable and with a strong team and the future strategy in place I find it natural to step down next year. I know Christian from more than 6 years of very close cooperation. With his broad experience as well as both personal and professional skills he is an excellent choice, says Lars G Nordström. - I am looking forward to continuing the execution of our organic growth strategy and together with my colleagues in Group Executive Management pursuing the realisation of our financial goals. For me it will be an exciting and challenging task to take over after Lars and I will do my best to continue on the successful track of profitable growth laid out, says Christian Clausen. Christian Clausen, who since the formation of Nordea in 2000 has worked a significant part of his time in Stockholm, has chosen together with his family to move to Stockholm during next year. A press conference will be held with Hans Dalborg, Lars G Nordström and Christian Clausen at 13.30 CET today in Nordea, Regeringsgatan 59 in Stockholm. The press conference will be streamed via the Internet and can be viewed by accessing www.nordea.com. For further information: Torben Laustsen, Head of Group Identity & Communications + 46 8 614 7916


 

Ericsson (NASDAQ: ERIC) today announced it has joined The Business Leaders Initiative on Human Rights (BLIHR). This business-led initiative is designed to help lead and develop the corporate response to human rights. BLIHR aims to find practical applications for the aspirations of the Universal Declaration of Human Rights within a business context, and to inspire other businesses to do likewise. Ericsson is the 13th company to join BLIHR and the move re-enforces Ericsson's longstanding commitment to human rights and corporate responsibility activities. Henry Sténson, Ericsson's Senior Vice President, Communications, says: "As one of the first companies to support the United Nations Global Compact, Ericsson has a proactive approach to environmental, social and ethical issues. Deciding to join BLIHR is a natural extension of our corporate responsibility activities, and puts us at the forefront of this work globally. "Ericsson also believes that telecommunications is a fundamental prerequisite for social and economic development. As one of the world's largest providers of communications equipment and services, we can play a vital role in this process". BLIHR is chaired by Mary Robinson, the previous United Nations High Commissioner for Human Rights and former President of Ireland. Ericsson's Corporate Responsibility program spans a variety of activities, including the Ericsson Response program, which provides disaster relief and humanitarian assistance in troubled areas. Ericsson is shaping the future of mobile and broadband internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at www.ericsson.com FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Media Relations Phone: +46 8 7196992 E-mail: press.relations@ericsson.com NOTES TO EDITOR - To find out more about Ericsson's corporate responsibility program visit http://www.ericsson.com/ericsson/corporate_responsibility/index.shtml. - Photographs of Henry Sténson, Ericsson's Senior Vice President are available at http://www.ericsson.com/ericsson/press/photos/management.shtml. - For more information about BLIHR, visit the organization's web site at www.blihr.org.


 

Reykjavik (IFN) The value of exported goods from Iceland amounted to ISK193.2 billion fob and the value of imported goods amounted to ISK302.4 billion fob (ISK 327,900 million cif) in the first ten month of 2006, Statistics Iceland said on Thursday.


 

Nordic Business Report-November 29, 2006-Anato Group AB receives order worth SEK7.0m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish high-tech company Anoto Group AB (formerly C Technologies) said on Wednesday (29 November) that its application area C Technologies has received a an order worth some SEK7.0m from an existing customer. The contract includes 30,000 units of Anotos C-Pen 20, a scanning pen that can store, interpret and transfer printed text. Deliveries will start in December 2006 and are estimated to be completed by the beginning of 2007. Anoto Group, headquartered in Lund in Sweden, develops solutions for transmission of handwritten text from paper to digital media, including digital pen and paper technology. The company has 115 employees and offices in Sweden, the US and Japan. Anoto Group is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.70 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Crew Minerals ASA announces private placement of NOK450m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Canada-based, Oslo Bors-listed mining company Crew Gold Corporation said on Wednesday (29 November) that wholly owned subsidiary Crew Minerals ASA has accepted subscriptions for a private placement of shares for aggregate gross proceeds of NOK450m. The subscription price was NOK12 per share corresponding to a pre-money valuation of NOK600m. Crew Minerals ASA has applied for listing at the Oslo Stock Exchange and closing of the private placement will be subject to the company satisfying all conditions set by Oslo Bors for the companys shares to be listed on the Oslo Bors. The private placement was directed towards institutional and professional investors. Once the private placement is completed Crew Gold Corporation will hold approximately 57% of the issued and outstanding shares of Crew Minerals. Crew Gold Corporation is headquartered in Weybridge in the United Kingdom and has also offices in Vancouver, Canada. Crew is an international mining company focused on gold production, gold exploration and identifying, acquiring and developing mineral projects worldwide. Crew has a portfolio of gold assets containing majority ownership of three current and near-term expanding gold mines in Guinea, Philippines and Greenland. Crew Gold Corporation is traded on Oslo Stock Exchange under the symbol CRU. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Nokia brings SIPphones Gizmo VOIP services to the Nokia N80 Internet Edition (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) announced on Wednesday (29 November) that users of the Nokia N80 Internet Edition will have easy access to low-cost calls over the Internet with SIPphones Gizmo Voice over IP (VoIP) services. The Nokia N80 Internet Edition is optimised for SIP-based Internet calls and now Nokia and SIPphone have worked together to create an easy way to configure and make calls using Gizmo VoIP directly from multimedia computers. Nokia N80 Internet Edition users can download the free Gizmo VoIP settings from the Download! folder in their device, automatically beginning the installation process. The VoIP framework, based on the SIP-protocol, is integrated into the Nokia user interface, so downloading the GIZMO VoIP settings is simple, Nokia said. Other capabilities, such as customising voicemail greetings, purchasing Gizmo Call Out credit for dialing landlines and mobile devices and managing Gizmo account settings are available by using the Nokia N80 Internet Edition to browse the http://www.gizmovoip.com website. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has nearly 59,000 employees worldwide, and reported net sales of EUR34.19bn in 2005. Nokia is listed on the Helsinki, Stockholm, Frankfurt and New York stock exchanges. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Nokia sees Internet as driving force for the mobility industry (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) outlined on Wednesday (29 November) its vision for the future of the mobility industry, predicting that the Internet would become the key driving force in the market. Nokia said that growth in the mobility industry was accelerating faster than previously predicted, and that it now expected the industry to reach the milestone of 3 billion mobile subscriptions globally in 2007. Nokia also gave its new forecast of 4 billion global mobile subscriptions during 2010. Music, mobile TV and navigation services will play a key role in driving this growth, both in advanced and emerging markets where in the latter increasing numbers of people are accessing the Internet for the first time on their mobile rather than on a PC. Nokia said that it estimates that the replacement market will account for about 65% of the global market in 2006 and that this figure is expected to rise to over 80% by the year 2010. Nokia also expected more than half of the growth in mobile subscribers to come from emerging markets in the Asia Pacific region, including China and India. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has nearly 59,000 employees worldwide, and reported net sales of EUR34.19bn in 2005. Nokia is listed on the Helsinki, Stockholm, Frankfurt and New York stock exchanges. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-OMX AB and London Stock Exchange to offer Russian derivatives (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Nordic stock exchange operator OMX AB said on Wednesday (29 November) that OMX and EDX London, the London Stock Exchanges derivatives business, will offer futures and options based on Russian securities traded on the London Stock Exchanges International Order Book (IOB) from 1 December 2006. The Russian IOB Equity Derivatives service will meet demand from banks active in over-the-counter Russian derivatives trading for the lower costs, reduced risk and improved operational efficiency offered by on-exchange trading. The service will offer trading in index derivatives based on the new FTSE Russia IOB Index, which measures the performance of the ten biggest and most liquid Global Depositary Receipts (GDRs) issued by Russian companies on the London Stock Exchange. In addition single stock options and futures will be available on all ten index constituent companies. Trades reported through the Cleared-Only Service will benefit from on-exchange efficiencies, including the clearing of trades to LCH and OMX and the management of a trade through its lifetime under transparent and neutral rules. Trade data on cleared-only trades will not be published to the market and trades can be reported up to one day after trade execution. OMX operates the Nordic Exchange, which offers access to approximately 80% of the Nordic and Baltic securities markets. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Skanska acquires Slovakian construction company (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Swedish construction group Skanska said on Wednesday (29 November) that it has acquired Slovakian construction company Stamart from private sellers. The company will be consolidated in the first quarter 2007 and will be included in Skanska Czech Republic. Stamart is based in Martin and has operations in central and western Slovakia. Customers include municipalities and international companies, such as KIA Motors and Peugeot/Citroen. The company has 101 employees, including 44 administrative and management staff. In 2005 the company posted sales of some SEK275m, which generated an operating profit of about SEK10m. Skanska said that the acquisition further strengthens its position in Slovakia. Skanska Czech Republic is the largest construction company in the Czech Republic and posted sales of about SEK10bn in 2005. The company has about 7,400 employees. Skanska, headquartered in Solna, Sweden, is one of the worlds leading construction groups with some 54,000 employees in Europe, the US and Latin America. Skanska is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.70 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 
Hitt og þetta
29. nóvember 2006

AGM Statement

Quadnetics Group PLC (the "Company") 29 November 2006 Annual General Meeting Statement The following is the text of a statement to be made by David Coghlan, Quadnetics' Chairman, at the Annual General Meeting scheduled for 10.00am this morning. "Quadnetics announces that Synectic Systems, Inc., its US surveillance technology business, has been informed by an existing North American customer that it has been selected, subject to receipt of a formal purchase order, to supply its advanced digital surveillance systems in a further three casinos. This order, estimated to be worth approximately $2.6 million, will bring the number of casinos so far upgraded by this customer to seven, out of a total of approximately 20 in their portfolio, all based on the Synectics surveillance solution. "In addition, we have been informed that Synectics has been selected by a new customer to supply surveillance systems to a large casino and hotel complex due to open in the US in 2007, subject only to the expected imminent receipt by Synectics' local installation partner of the necessary administrative licence. It is estimated that this order, once formalised, will amount to approximately US$2.5 million for Synectics. "These substantial orders have been anticipated for some months but, for different reasons, experienced delays in finalisation within the customer organisations. Overall activity levels in the US casino sector, and the pipeline of potential further orders, are continuing to grow rapidly. Despite the delays mentioned, management expects that Synectics in the US will still achieve sales revenues and profits for the current financial year fully matching the Board's expectations, even though more weighted to the second half. "While results from Synectics US in the first half have been adversely affected by the delayed orders, trading elsewhere in the Group has so far been in line with or ahead of expectations. Consequently, the Board anticipates that the Group's consolidated results for the first half will be satisfactory. As in previous financial years, an overall bias of results towards the second half is expected, and the Board remains confident of the outlook for the year as a whole." ENDS ---END OF MESSAGE---


 

Reykjavik (IFN) Latvian Lateko bank, in which Icelandic investment company Straumborg is a majority shareholder, has secured a EUR21 million syndicated loan, according to Latekos chief executive Andrejs Svircenkovs.Altogether 13 banks contributed to the facility, including Icelands Icebank, SPRON and Sparisjodur Kopavogs. The 18-month loan facility was led by Nordic HSH Nordbank and Austrian bank RZP.The terms are 75 basis points above EURIBOR, which experts say are favourable.Earlier this year Lateko signed a EUR20 million syndicated loan, led by Icelands Kaupthing Bank.(END)Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.


 

29 November 2006, Godalming, UK. Sinclair Pharma plc (SPH.L), the international specialty pharmaceutical company, today announced an agreement with King's College London to acquire the exclusive licence rights to develop and commercialise the peptide p1025, for use in the dental setting. p1025 interferes with the mechanism that allows the bacterium Streptococccus mutans to attach to tooth surfaces and has been shown to maintain this action for 120 days[i]. Streptococcus mutans is a major contributor to dental caries[ii] and its removal is critical to preventing caries. This mode of action is broadly similar in principle to that of Sinclair's existing anti-gingivitis product, Decapinol(TM). Whilst Decapinol interferes with binding of dental plaque bacteria to the surface of the tooth and gums, P1025 offers a prolonged action against a bacterium specifically implicated in the development of caries. Sinclair is exploring the possibility for synergies between p1025 and Decapinol(TM) technologies as part of a major thrust to develop a new approach to the treatment and prevention of dental caries. "Sinclair has a strong commitment to oral health." said Dr Michael Flynn, CEO of Sinclair Pharma plc. "Increasing attention is being paid to the link between poor oral health and other problems such as cardiovascular disease or premature birth and we believe this will become an important consideration for the medical and dental professions. p1025 adds an important new patented technology to Sinclair's portfolio and boosts our pipeline in Oral Health. King's Dental Institute has been a centre of excellence for many years and we are very pleased to be working with them on this joint project." "I am delighted that our research is being developed by Sinclair Pharma and that this brings the technology closer to market," added Charles Kelly, Professor of Oral Immunology. "The Dental Institute at King's is committed to working with industrial partners to transfer its expertise and knowledge, benefiting patients, the College and its partners." Enquiries: Capital MS&L Tel: +44 (0) 207 307 5330 Mary Clark Halina Kukula Sinclair Pharma plc Tel: +44 1483 410 600 Zoe McDougall John Barrington-Carver Notes to editors: p1025 is a peptide that interferes with the cell surface adhesin, "streptococcal antigen I/II". This inhibitory mechanism was first confirmed in an in vitro model with subsequent testing in humans finding that direct application of p1025 to the teeth prevented recolonisation of the oral cavity by S. mutans for four months[iii]. The authors of this study noted that "Topical application of such peptides at mucosal surfaces does not provide sustained selective pressure and in contrast to antibiotics, may not induce resistance." Dental Caries Prevention of dental caries is a key target for dental professionals and governments of developed and developing nations, particularly among children. The WHO considers that dental caries and periodontal disease have historically been the most important global oral health burdens. Dental caries are still a problem in most industrialized countries, affecting 60-90% of schoolchildren and the majority of adults. In 2004 it was reported that the rate of decayed, missing or filled teeth in 12 year olds was 3.0 in the US and 2.6 in European countries, with much lower rates in developing nations (1.7 in Africa). However the rate of dental caries is increasing in developing countries as the exposure to sugar increases without a parallel increase in exposure to fluoride[iv]. S. mutans is a well-known contributing risk factor for dental caries. A recent Japanese study[v] found that 62% of a population of pre-school children had S. mutans present in the mouth. Along with fluoride and maintenance of good oral hygiene, controlling S. mutans may be a key solution to preventing dental caries. Decapinol(TM) is Sinclair's novel product for the treatment of gingivitis and dental plaque, and the prevention of periodontitis. Gingivitis is an inflammation of the gums (gingiva), caused primarily by accumulated plaque bacteria at the gum, and characterised by bleeding and discolouration of the gum. First line treatments target the dental plaque, removing it and preventing its recurrence. Decapinol(TM) has a novel, 'intelligent' mode of action. It works at the surface of bacteria, preventing them from adhering to each other or the surface of the tooth, rather than indiscriminately killing good and bad bacteria within the mouth. Decapinol(TM) also has the advantage that it does not cause the semi-permanent tooth staining caused by competitors. This novel action was recognised by the award of the prestigious Frost & Sullivan 2006 "Oral and Dental Care - Product of the Year Award". Sinclair has recently signed a marketing partner agreement with Johnson & Johnson's OraPharma Inc. for the rights to sell Decapinol(TM) rinse on prescription in the US. The link between oral health and other diseases Poor oral health, and in particular gum disease, is increasingly considered a risk for other co-morbid conditions. These include poor outcomes in pregnancy, cardiovascular disease, respiratory infections in the acute setting and in diabetes where complications may be exacerbated by periodontitis[vi]. Various theories support these links. Bacteria may enter the bloodstream through a compromised barrier in the affected gum area, and affect various other organs. Alternatively, oral plaque bacteria release toxins that may enter the circulation, exerting an inflammatory effect for example on the arteries[vii]. Sinclair Pharma plc Sinclair Pharma plc is an international specialty pharmaceutical company. It has a growing sales and marketing operation that is already present in France, Italy, the UK, Spain and Portugal, and a complementary marketing partner network that spans 60 countries. Sinclair has proven expertise in acquiring or developing commercially attractive and undervalued products, registering these products and bringing them to market within a short time frame. The company focuses on niche therapeutic areas and its current portfolio includes products for dermatological conditions and oral health. www.sinclairpharma.com King's College London Enterprises (KCLE) King's College London Enterprises (KCLE) is the wholly owned enterprise and innovation company of King's College London. They are responsible for business development and commercialisation and for the management of the university's research grants and contracts. King's College London King's College London is the fourth oldest university in England with more than 13,700 undergraduates and nearly 5,600 graduate students in nine schools of study based at five London campuses. King's is in the top group of UK universities for research earnings, with income from grants and contracts of more than £100 million, and has an annual turnover of more than £363 million. Further information Public Relations Office, King's College London Tel: 020 7848 3032 Email: pr@kcl.ac.uk "Safe Harbor" Statement under the US Private Securities Litigation Reform Act of 1995: Some or all of the statements in this document that relate to future plans, expectations, events, performances and the like are forward-looking statements, as defined in the US Private Securities Litigation Reform Act of 1995. Actual results of events could differ materially from those described in the forward- looking statements due to a variety of factors. [i] Kelly CG et al. A synthetic peptide adhesion epitope as a novel antimicrobial agent. Nature Biotechnology 1999 17: 42-47 [ii] Wilson RF, Ashley FP, Identification of caries risk in schoolchildren: salivary buffering capacity and bacterial counts, sugar intake and caries experience as predictors of 2-year and 3-year caries increment. Br Dent J. 1989 Aug 5;167(3):99-102 [iii] Younson J; Kelly C. The rational design of an anti-caries peptide against Streptococcus mutans. Mol Divers. 2004;8(2):121-6 [iv] WHO theme paper: The global burden of oral diseases and risks to oral health http://www.who.int/bulletin/volumes/83/9/661.pdf [v] Okada M et al. Longitudinal study of dental caries incidence associated with Streptococcus mutans and Streptococcus sobrinus in pre-school children. J Med Microbiol 54 (2005), 661-665 [vi] Jin LJ, Chiu GK, Corbet EF. Are periodontal diseases risk factors for certain systemic disorders - what matters to medical practitioners? Hong Kong Medical Journal, 2003 Feb;9(1):31-7 [vii] American Academy of Periodontology fact sheet, http://www.perio.org/consumer/mbc.heart.htm


 

Reykjavik (IFN) Latvian Lateko bank, in which Icelandic investment company Straumborg is a majority shareholder, has secured a EUR21 million syndicated loan, Latekos chief executive Andrejs Svircenkovs reported.Altogether 13 banks contributed to the facility, including Icelands Icebank, SPRON and Sparisjodur Kopavogs. The 18-month loan facility was led by Nordic HSH Nordbank and Austrian bank RZP.The terms are 75 basis points above EURIBOR, which experts say are favourable.Earlier this year Lateko signed a EUR20 million syndicated loan, led by Icelands Kaupthing bank.


 

Video interview and transcript available now on www.cantos.com with Philip Yea, Chief Executive (LSE:III) * The rationale * The team * The approach * Funding and returns For US regulatory reasons, US Residents are not permitted to view this transcript without the express permission of 3i. For more information please refer to www.3igroup.com This programming is available in video, audio and transcript. It's free to view. All you need to do is register at www.cantos.com Cantos.com is an online financial website where top management of companies address the critical issues facing their businesses. If you would like to contact us, please email enquiries@cantos.com.


 

Espoo, Finland - Nokia and one of Indonesia's largest operators, Indosat, have extended their cooperation by signing a WCDMA 3G/HSPA network and managed services contract that enables Indosat to offer 3G and wireless broadband services. Indosat will have Nokia operate its network so the operator can remain focused on its core business and customer relationships while adopting 3G technology. Nokia will provide Indosat turnkey services, including civil works, network planning, implementation and integration of a WCDMA 3G/HSPA network. In providing managed services, Nokia takes responsibility for building, operating and transferring as well as optimizing the Indosat 3G network. Training services are also included, and the network will be supported by the multivendor, multitechnology Nokia NetAct(TM) network and service management system. Nokia will supply the WCDMA 3G/HSPA radio network, including the modular, high capacity Nokia Flexi WCDMA base station in East Java, Bali, Sumatra and Batam. Nokia's 3G devices are also being delivered as part of the contract. Deliveries have started and the network will be ready for a launch in November 2006. "Bringing the next generation of 3G services to Indonesia, and focusing on wireless broadband with the highest speeds at the best value to our customers is a high priority at Indosat," says Kaizad Heerjee, Deputy President Director, Indosat. "Nokia support in our network is outstanding and their managed services capability allows us to concentrate on building the Indosat business around 3G and HSDPA and bringing advanced services to our customers quickly." "3G/HSDPA services are an exciting opportunity for both Indonesian consumers and Indosat," says Henrik Brogaard, Account Director, Networks, Nokia Indonesia. "Nokia's network solutions and services allow Indosat to increase their competitiveness. Nokia WCDMA/HSPA network allows Indosat to minimize capital and operational expenditure, and Nokia's managed and other professional services boost network efficiency and quality while helping to increase their customer base." With its proven track record in managing networks on behalf of operators around the world, Nokia is able to support operators to enhance their service offerings and reduce costs. Nokia is a major player in the Managed Services business with close to 60 managed services contracts globally. In WCDMA 3G, Nokia has 65 customers to date. High performance Nokia HSPA (High Speed Packet Access) is a simple software upgrade to Nokia WCDMA networks, thus enabling a fast, cost-effective rollout. Nokia HSPA is made up of two key technologies, HSDPA (High Speed Downlink Packet Access) and HSUPA (High Speed Uplink Packet Access), enabling true mobile broadband with breakthrough data speeds up to 14.4 Mbps in the downlink and up to 5.8 Mbps in the uplink. Nokia HSDPA offers almost 10-times faster data services than current 3G networks, generating an enhanced service experience. Nokia is a leader in the HSDPA market, with a large number of HSDPA contracts. Many network operators have already opened their HSDPA networks with the Nokia solution. About Indosat Indosat is a leading telecommunication and information provider that provides cellular, IDD, and fixed wireless services, Multimedia, Data communications and Internet (MIDI). Indosat's shares are listed on the Jakarta and Surabaya Stock Exchange (JSX: ISAT) and its American Depository Shares are listed on the New York Stock Exchange (NYSE:IIT). About Nokia Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. Media Enquiries: Indosat Public Relations Division PT Indosat Tel. +62 21 386 9225 Fax: +62 21 380 4045 E-mail: publicrelations@indosat.com www.indosat.com Nokia, Networks Communications Tel. +358 7180 34379 Nokia Communications Tel. +358 7180 34900 E-mail: press.office@nokia.com www.nokia.com


 

Nordic Business Report-November 29, 2006-Aker Kvaerner ASA wins several contracts for loading and offloading systems (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA said on Wednesday (29 November) that it has recently been awarded several contracts for delivery of advanced loading and offloading systems with a total contract value of NOK130m. One of these contracts comprises the delivery of an advanced offshore offloading system to Lukoils Varandey platform located at the Peninsula Coast of the Barents Sea. The work is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Pusnes in Arendal. The offloading system is designed for extreme low temperature conditions and is the second contract of its kind for Aker Kvaerner Pusnes. In addition to the Varandey contract Aker Kvaerner Pusnes has been awarded several contracts with Norwegian and international clients for delivery of FPSO offloading systems. Aker Kvaerner is 50.1%-owned by Norwegian industrial holding group Aker Group. It has 23,000 employees in over 30 countries. Aker Kvaerner is traded on Oslo Stock Exchange under the symbol AKVER. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Aldata Solution Oyj to deliver its solution to Swedish Railways (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish retail software company Aldata Solution Oyj said on Wednesday (29 November) that the Swedish Railways, SJ AB, has chosen Aldata and its product Megadisc as Swedish Railways mobile POS solution for on board use by its staff on all its trains in Sweden. The new PDA based Megadisc solution will function together with the existing Megadisc POS for bistro sales. The project will start immediately. The value of the contract was not disclosed. SJ AB has a turnover of over EUR600m and over 100,000 people travel daily with SJs trains to about 350 destinations. Aldata Solution, headquartered in Helsinki, Finland, provides supply chain execution software for retail, wholesale and logistics companies. The company supplies its software through its own subsidiaries in Finland, France, Germany, Slovenia, Sweden, Thailand, the United Kingdom and the US. The company has some 600 employees. Aldata Solution is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Ericsson to deliver 3G/WCDMA network in Indonesia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq: ERIC) said on Wednesday (29 November) that it had been selected by Indonesian operator PT Indosat (Indosat) to deliver a 3G/WCDMA network in Indonesia. The agreement includes providing higher data rates and enhancing end-user experience through High-Speed Packet Access (HSPA), the company said. Under this full turnkey agreement Ericsson will provide Indosat with radio and core networks, including network design, deployment, integration, performance and improvement of its WCDMA network covering Jakarta and surrounding areas as well as West Java, Central Java and Yogyakarta. HSPA will enable Indosat to offer appealing mobile services with data speeds of up to 3.6Mbps, Ericsson said. The value of the contract was not disclosed. Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the worlds mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on Nasdaq. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-KappAhl AB obtains tax loss carryforwards by acquiring companies (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Swedish fashion chain KappAhl AB said on Wednesday (29 November) that it has obtained tax loss carryforwards in connection with company acquisitions. KappAhl expects to utilise the carryforwards starting from the 2012/2013 financial year. The acquisitions are expected to give a positive net effect on shareholders equity of approximately SEK260m for the quarterly accounts 28 February 2007, as a consequence of existing tax loss carryforwards. The acquired companies do not carry any activity today, the company added. KappAhl, headquartered in Molndal, Sweden, is a leading Nordic fashion chain with about 270 stores in Sweden, Norway, Finland and Poland. The company employs around 3,700 people and reported sales of SEK4.2bn during the 2005/2006 financial year. KappAhl is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-Nokia extends cooperation with Indonesian operator Indosat (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) said on Wednesday (29 November) that it has extended its cooperation with the Indonesian operator Indosat by signing a WCDMA 3G/HSPA network and managed services contract that enables Indosat to offer 3G and wireless broadband services. Indosat will have Nokia operate its network so the operator can remain focussed on its core business and customer relationships while adopting 3G technology. Nokia will provide Indosat turnkey services, including civil works, network planning, implementation and integration of a WCDMA 3G/HSPA network. Nokia takes responsibility for building, operating and transferring as well as optimising the Indosat 3G network. Nokia will supply the WCDMA 3G/HSPA radio network, including the modular, high capacity Nokia Flexi WCDMA base station in East Java, Bali, Sumatra and Batam. Nokias 3G devices are also being delivered as part of the contract. Deliveries have started and the network will be ready for a launch in November 2006. No financial information was provided. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has nearly 59,000 employees worldwide, and reported net sales of EUR34.19bn in 2005. Nokia is listed on the Helsinki, Stockholm, Frankfurt and New York stock exchanges. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 29, 2006-SAS and Thai Airways International enter into new partnership (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Scandinavian airline SAS Group said on Wednesday (29 November) that it has entered into a new strategic partnership with Thai Airways International Public Company Limited (THAI). The companies recently held a code share agreement signing ceremony at THAIs head office in Bangkok in order to establish an extensive partnership to offer services beyond their destinations. The code share agreement will include services to/from Bangkok-Singapore/Hong Kong/Kuala Lumpur/Sydney from 15 December 2006 and Bangkok-Melbourne/Brisbane/Auckland/Perth from 15 January 2007, as well as to/from Copenhagen-Oslo/Gothenburg/Aalborg/Aarhus from 15 December 2006. The partnership enables THAI and SAS to concentrate on meeting customer needs for a top-quality product and freedom of choice on intercontinental flights. Customers with an SAS Economy Extra Class reservation to the new code share destinations will be seated in THAIs Business Class when connecting to/from Bangkok. SAS AB, headquartered in Stockholm, Sweden, is the Nordic regions largest listed airline and travel group. The SAS Group offers air transport and related services from its base in Northern Europe. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.70 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Amsterdam, The Netherlands - Nokia today outlined its vision for the future of the mobility industry, predicting that the internet would become the key driving force in a market it expects to reach 4 billion global subscriptions during 2010. The comments were made in a speech by Nokia CEO and President, Olli-Pekka Kallasvuo, to more than 2,000 people from the mobile and internet industries attending the Nokia World 2006 conference. "Mobile communications is once again changing even faster than many of us have predicted, and we are still far away from this being a mature market." said Kallasvuo. "The internet has transformed the way we live our lives and communicate with each other, and we expect it to play a key role in the next phase of Nokia's growth. The next wave of the internet will be to make it truly mobile, creating new ways for people to connect to others and find information from wherever they are. Nokia intends to be at the forefront of this new era and be the company that truly merges the internet and mobility." At the two-day event, Nokia said growth in the mobility industry was accelerating faster than predicted earlier, and that it now expected the industry to reach the milestone of 3 billion mobile subscriptions globally in 2007. Nokia also gave its new forecast of 4 billion global mobile subscriptions during 2010. Music, mobile TV and navigation services will play a key role in driving this growth, both in advanced and emerging markets where in the latter increasing numbers of people are accessing the internet for the first time on their mobile rather than on a PC. Reflecting this, Nokia said it estimates that the replacement market will account for about 65 per cent of the global market this year and that this figure is expected to rise to over 80 per cent by the year 2010. Nokia also said that it expected more than half of the growth in mobile subscribers to come from emerging markets in the Asia Pacific region, including China and India. The company said it would continue to build its leadership position in these markets with a focus on both new and replacement or updgrade sales. At the conference, Nokia also unveiled its latest mobile phone for the emerging markets, the Nokia 2626, the company's first entry level fashion phone. Leading a new trend in emerging markets, the Nokia 2626 is targeted at style-conscious consumers, offering a mirrored colour screen, a range of color covers and fashionable accessories, as well as an FM radio, GPRS and even email. Nokia World related press releases, product photos, event photos and broadcast material are available at: http://www.nokia.com/nokiaworld/press About Nokia Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding: A) the timing of product and solution deliveries; B) our ability to develop, implement and commercialize new products, solutions and technologies; C) expectations regarding market growth, developments and structural changes; D) expectations regarding our mobile device volume growth, market share, prices and margins; E) expectations and targets for our results of operations; F) the outcome of pending and threatened litigation; G) expected timing, scope and effects, including estimated cost synergies, of the merger of Nokia's and Siemens' communications service provider businesses; and H) statements preceded by "believe," "expect," "anticipate," "foresee," "target," "estimate," "designed," "plans," "will" or similar expressions are forward-looking statements. Because these statements involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) the extent of the growth of the mobile communications industry, as well as the growth and profitability of the new market segments within that industry which we target; 2) the availability of new products and services by network operators and other market participants; 3) our ability to identify key market trends and to respond timely and successfully to the needs of our customers; 4) the impact of changes in technology and our ability to develop or otherwise acquire complex technologies as required by the market, with full rights needed to use; 5) competitiveness of our product portfolio; 6) timely and successful commercialization of new advanced products and solutions; 7) price erosion and cost management; 8) the intensity of competition in the mobile communications industry and our ability to maintain or improve our market position and respond to changes in the competitive landscape; 9) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products and solutions; 10) inventory management risks resulting from shifts in market demand; 11) our ability to source quality components without interruption and at acceptable prices; 12) our success in collaboration arrangements relating to development of technologies or new products and solutions; 13) the success, financial condition and performance of our collaboration partners, suppliers and customers; 14) any disruption to information technology systems and networks that our operations rely on; 15) our ability to protect the complex technologies that we or others develop or that we license from claims that we have infringed third parties' intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products and solution offerings; 16) general economic conditions globally and, in particular, economic or political turmoil in emerging market countries where we do business; 17) developments under large, multi-year contracts or in relation to major customers; 18) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Chinese yuan, the UK pound sterling and the Japanese yen; 19) the management of our customer financing exposure; 20) our ability to recruit, retain and develop appropriately skilled employees; 21) the impact of changes in government policies, laws or regulations; and 22) satisfaction of the conditions to the merger of Nokia's and Siemens' communications service provider businesses, and closing of transaction, and Nokia's and Siemens' ability to successfully integrate the operations and employees of their respective businesses; as well as 23) the risk factors specified on pages 12 - 22 of the company's annual report on Form 20-F for the year ended December 31, 2005 under "Item 3.D Risk Factors." Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Media Enquiries: Nokia Communications Tel. +358 7180 34900 E-mail: press.office@nokia.com www.nokia.com


 

29 November 2006 - Aker Kvaerner has recently been awarded several contracts for delivery of advanced loading and offloading systems with a total contract value of NOK 130 million. One of these contracts comprise the delivery of an advanced offshore offloading system to Lukoil's Varandey platform located at the Peninsula Coast of the Barents Sea. The work is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Pusnes in Arendal. The offfloading system is designed for extreme low temperature conditions and is the second contract of its kind to Aker Kvaerner Pusnes. "Pusnes offloading technology is well known and very competitive for use in harsh conditions", says Leif Haukom, president of Aker Kvaerner Pusnes. Aker Kvaerner Pusnes is the dominant supplier of offshore loading systems in the area and has previously signed contracts and delivered a number of Arctic bow loading systems for shuttle tankers. In addition to the Varandey contract, Aker Kvaerner Pusnes has been awarded several contracts with Norwegian and international clients for delivery of FPSO offloading systems. "These awards confirm Aker Kvaerner's strong position in the global market for advanced offshore products and technologies" says Mads Andersen, executive vice president in Aker Kvaerner. Manufacturing of the equipment will take place in Europe and Asia. The deliveries are scheduled for 2007/2008. ENDS For further information, please contact: Media: Siw Anett Enerud, Communications manager, Aker Kvaerner Products & Technologies. Tel.: +47 95 19 34 15 Leif Haukom, President, Aker Kvaerner Pusnes. Tel.: +47 37 08 73 10, Mob: +47 909 90 774 Investor relations: Lasse Torkildsen, VP Investor Relations, Aker Kvaerner, Tel: +47 67 51 30 39 Suppliers: For further information about sourcing and potential subcontracts for this project, please contact Bjørn E. Klepsvik, tel.: +47 22 94 51 63 Career opportunities: www.akerjobb.no AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 41.4 billion and employs approximately 24 000 people in more than 30 countries. Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 50.01 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry. Aker Kvaerner Pusnes is a world leader in design and supply of all types of deck machinery and mooring systems for marine and offshore applications. .Aker Kvaerner Pusnes also develops Bow Loading Systems (BLS), equipment enabling shuttle tankers to receive and secure a mooring line and hose from an offshore production facility for loading of load crude oil. Aker Kvaerner Pusnes is also experienced in Stern Offloading Systems (SOL), equipment installed at the stern of an FPSO/FSO enabling transfer of the mooring line and hose to a shuttle tanker for loading of crude oil. This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com


 

By Matthew Curtin A DOW JONES NEWSWIRES COLUMN PARIS (Dow Jones)--The dollars sudden weakness against major currencies, notably the euro, has triggered the usual rush to explain the move in terms of fundamental macro-economic conditions. But as is so often the case, explaining sudden shifts in the worlds major currencies markets is as difficult as predicting them. It makes forecasting the longer-term trends look easy. What is true is that trading volumes were thin over the U.S. holiday weekend, setting the conditions for exaggerated moves in currency markets. In those circumstances, the trading programs of chart-minded traders, betting on a repeat of the dollars bouts of late-year weakness against the euro in 2003 and 2004, might become self-fulfilling. And of all the prevailing views that help explain the context for current dollar weakness, the most compelling might be the simple idea the U.S. Federal Reserve will move sooner than once thought to reverse its recent series of rate increases. At the same time, the inflation-obsessed ECB looks determined to keep raising rates. The dollar is therefore vulnerable to investors thirst for yield, given how richly priced assets are across the globe. Hedge-fund managers, keen to end a mediocre year on a high, might be enthusiastically playing one trade that has served them well in 2006 - shorting the dollar. Its plausible enough, but not necessarily accurate in the absence of convincing evidence of those hedge-fund flows. And the catch is that this and other views prevailed before and after the dollars sudden moves at the weekend. But if theres a lesson to be drawn from the mysteriousness surrounding the dollars declines, its perhaps that investors should be wary about betting the U.S. currency is set for sustained weakness against the euro. Many reckon the euro was overvalued - on a historical and trade-weighted basis - against the dollar last week, and is more so now. Similarly, Asian currencies are badly undervalued against the dollar and the euro, which continues to test new highs against the yen. And should the dollar continue to weaken against the against the euro in the short term, as the euro-zone currency takes the strain from Asian central banks unwillingness to see their own currencies appreciate, the damage that would do to euro-zone competitiveness might make even a hawkish ECB reluctant to press ahead with tightening monetary policy. So with signals mixed about how strong growth in the euro zone will be in 2007, the yield-differential between the dollar and euro mightnt prove as wide as some think. (Matthew Curtin has been a financial news reporter since 1990, and has reported on international finance and business for Dow Jones Newswires - from South Africa, Singapore and now Paris - since 1994. He can be reached at +331 4017 1740 or by e-mail: matthew.curtin@dowjones.com) (END) Dow Jones Newswires November 27, 2006 08:43 ET (13:43 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.


 

By Matthew Curtin A DOW JONES NEWSWIRES COLUMN PARIS (Dow Jones)--Now that Iberdrola has given the details of its takeover bid for Scottish Power, the proposed transaction looks less of a one-way ticket to value destruction than it did according to early reports. Iberdrola has no plans to dismantle Scottish Power. The EUR17.2-billion acquisition will create Europes third-biggest power utility and a leader in renewable energy, with major wind-power assets in the U.S. and Europe. It poses few antitrust problems. But its still a pricey, suspiciously defensive move. At 777p a share, the offer is below the 800p that Iberdrola was rumored to be thinking of, but it values Scottish Power above multiples for the rest of a sector where valuations already reflect plenty of M&A speculation. Remember, Scottish Powers key performance indicators are below many of its nearest competitors, the benefits of savvy recent commodities hedging are set to run out next year, and the profitability of its coal-fired power stations - which make up most of its generating capacity - may be squeezed by tighter environmental regulations medium-term. Wind power is all the rage, but its a sector dependent on government subsidy to be viable - and whose long-term growth prospects are exaggerated amid the current fuss about climate change. That leaves long-term value creation hinging on the capacity of management of an enlarged Iberdrola to run a bigger business significantly more efficiently. Yet Iberdrola plans to keep Scottish Power as a separate unit. Iberdrola Chairman Ignacio Galan does have an impressive track record. But the pressure he was under from minority shareholder ACS for a merger with Union Fenosa surely added to the appeal of a deal with Scottish Power that bulks up his business hugely and dilutes ACS. The offer is a judicious mix of cash and shares, exploiting Iberdrolas highly-rated stock to finance the acquisition as well as a favorable debt market. But its way above the 570p offer from E.ON that Scottish Power rejected last year. To be fair, thats perhaps not a good benchmark. The whole sector has rerated since then as energy prices have surged. A year ago, the French government was lampooned for pricing EDFs IPO so aggressively at EUR32 a share. The utilitys stock is now trading at EUR49, 53% higher. As well changing investor perceptions, Iberdrola and Scottish Power turned in strong quarterly results earlier this month, which had some - but not all - brokers upping their price targets. Merrill Lynch was one, raising its target to 685p. Iberdrolas offer starts to look less pricey if you use that as a base and add the near-EUR3 billion in extra value, equivalent to around 125p per share of the combined company, that Iberdrola might create in the next five years from operating and capital-spending savings, plus the goodwill it can deduct from its Spanish taxes. Split that between Scottish Powers and Iberdrolas shareholders, and the Spanish companys offer even looks cheap - as long as you believe Scottish Power deserved its rich rating before the bid, to say nothing of the heady multiples the whole Spanish energy sector is trading at. If you dont, the suspicion remains this transaction is rather better for Scottish Powers shareholders than for Iberdrolas. (Matthew Curtin has been a financial news reporter since 1990, and has reported on international finance and business for Dow Jones Newswires - from South Africa, Singapore and now Paris - since 1994. He can be reached at +331 4017 1740 or by e-mail: matthew.curtin@dowjones.com) (END) Dow Jones Newswires November 28, 2006 09:45 ET (14:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.


 

US SUMMARY: Good Housing Data Rescue Stocks DJIA 12136.45 gain 14.74 up 0.1% NASDAQ 2412.61 gain 6.69 up 0.3% S&P 500 1386.72 gain 4.82 up 0.4% Dow Future 12170.00 gain 17.00 up 0.1% NASDAQ Future 1785.50 gain 3.25 up 0.2% S&P Future 1391.00 gain 2.50 up 0.2% Euro-USD 1.3190 loss 0.0007 dn 0.06% 10-Yr US Treasury: 4.51% down 0.03 (Futures values, Treasury, EUR/USD Data as of 0550 GMT) Stocks advanced modestly Tuesday after Wall Street shrugged off a sharp drop in orders for manufactured goods and took comfort in the first gain in existing home sales in eight months. Treasurys and oil gained, while the dollar fell. STOCKS: The gains came after investors had little reaction to comments from Federal Reserve Chairman Ben Bernanke. He said that he remains concerned that inflation or a steeper-than-expected decline in the housing market could harm an already slowing economy. In the speech, which included Bernankes most extensive comments on the economy since last summer, he said inflation remains higher than he would like but that it should fall as the economy cools. The Commerce Departments report that orders for durable goods fell 8.3 percent in October - the largest drop in more than six years - earlier stoked concerns that the economy is slowing at too fast a pace. But a report from the National Association of Realtors showing a slight uptick in home sales lent support to the market although it also revealed that the median selling price fell by the steepest level on record last month. The markets muted response followed its worst session in more than four months on Monday. John Zielinski, a portfolio manager at Neuberger Berman, contends the markets plunge was overblown and that investors could be seeing lower-than-usual liquidity given that for many brokerages, Thursday is the end of their fiscal year. "The moves seem to be a little bit exaggerated based on the data points were seeing," he said. FOREX: The dollar is expected to trade mixed in Europe mixed, after it plunged to a fresh 20-month low against the euro Tuesday as negative U.S. economic data helped convince investors the dollars recent slide has been warranted. The dollar has now dropped about 2.7% against the euro in the past five trading sessions. On Wednesday, traders will be eyeing U.S. gross domestic product growth figures for the third quarter. The median estimate of 22 economists surveyed Monday by Dow Jones Newswires is for the revised release of third quarter GDP growth to be boosted to a 1.8% annual rate of growth compared with the 1.6% pace in the advance report. BONDS: Treasury bond prices rallied Tuesday, at one stage pushing the 10-year yield to its lowest level since January, as the market overcame mixed data and fresh warnings on inflation from the Feds Bernanke and others. Weak durable goods orders and a strong two-year note auction from the Treasury Department were the key drivers behind the Treasury markets gains in a topsy-turvy, news-packed trading session. Tony Crescenzi, chief bond market strategist at Miller Tabak & Co., said Bernankes remarks "sounded characteristically hawkish...with the chairman leaving virtually no room for investors to conclude that the Fed is contemplating an interest rate cut." "Bernankes comments are consistent with what the markets are already priced for; chiefly, that the Fed will not act on interest rates for six months," Crescenzi wrote in a note. Philadelphia Fed President Charles Plosser spoke of "a significant possibility" that inflation will remain at elevated levels for some time and that this may force the Fed to raise rates again. OIL: Light, sweet crude for January delivery rose 67 cents to settle at $60.99 a barrel on the New York Mercantile Exchange. The gain came on concerns about winter weather, a December OPEC meeting and violence in Iraq. But the market could easily fall back unless solid evidence emerges that the cartels members are sticking to their October pledge to trim output by 1.2 million barrels. A.G. Edwards commodities analyst Bill OGrady added that "if the dollar decline gets legs, you could see the cartel start to cheat," or not rein in as much output as promised. It would likely start with just a few OPEC members, but others who had been holding back their production might follow, lest they give up market share. ASIAN SUMMARY: Bullish Japan Industrial Data Lift Shares USD-Yen 115.78 loss 0.33 dn 0.3% AUD-USD 0.7825 loss 0.0015 dn 0.2% Nikkei 225 16126.25 gain 271.09 up 1.7% Hang Seng 18770.07 gain 130.50 up 0.7% S&P/ASX 200 5432.50 gain 64.70 up 0.4% Taiwan Index 7474.19 gain 29.25 up 0.4% S.Korea Kospi 1422.15 gain 10.68 up 0.8% Spot Gold $639.12 loss 0.88 dn 0.1% Brent Crude Oil $61.40 gain $0.19 up 0.3% JGB 10-year Yield 1.6900 up 0.0450 (All values as of 0550 GMT) STOCKS: Japanese stocks rose Wednesday, led by real estate and construction issues. The government said industrial production rose 1.6 percent in October from September, suggesting that the manufacturing sector is on a firm footing. That was much stronger than the 0.4 percent decline predicted by economists. FOREX: The yen was higher, with traders looking at Y115.40 as a target, after the Japan industrial data gave the Japanese currency a lift and shortened the odds for a rate hike. BONDS: The strong Japan industrial data caused government bond prices to fall. Bank of Japan Governor Toshihiko Fukui said Wednesday the central bank will continue to aim to achieve sustainable economic growth with price stability. METALS: Spot gold was trading at around $639.12, down from around $640, as the market watched the dollars moves. Bernankes comments on inflation were lending support, traders said. But gold has to break $642 resistance or else drop back to $637, they said. Copper futures were holding steady following earlier losses. Stockpiles are critical to the metals next move, dealers said. OIL: Light sweet crude for January delivery was up 14 cents to $61.13 a barrel in Asian electronic trading on the New York Mercantile Exchange. The market considered forecasts for colder weather in the United States and prospects for more output cuts at next months OPEC meeting. Investors also await weekly data on U.S. stockpiles. EUROPEAN OUTLOOK: Stocks To Regain Momentum Euro-USD 1.3190 loss 0.0007 dn 0.06% Stlg-USD 1.9518 loss 0.0002 dn 0.01% USD-Franc 1.2040 gain 0.0016 up 0.1% (All values as of 0550 GMT) European shares are likely to start the session higher, with government bond prices and the euro little changed. STOCKS: Despite the weakness in the dollar, European markets are set for a moderate rebound, buoyed by Wall Streets positive close, with U.S. futures suggesting further upside. U.K. spreadbettor City Index is calling the FTSE up 25 points at 6050 and the DAX and CAC up 30 each at 6311 and 5320 respectively. On Tuesday, European shares closed lower for the fifth day in a row, as weakness in the dollar and profitability concerns surrounding banking group Barclays and mobile-phone giant Nokia depressed sentiment. FOREX: Despite European politicians protests that their currency is too high, the euro continues to benefit from the likelihood that euro zone interest rates are headed higher. "People are generally of the belief that interest rate differentials are moving against the dollar and specifically are supporting the euro," said John McCarthy, director of foreign exchange at ING Capital Markets in New York. "The euro, simply, is a constructive currency right now." The next major hurdle for the euro is $1.33 and traders said that if it were cleared, even sharper dollar losses would be in store. Nervous corporate investors would likely start hedging huge dollar positions by buying euros and other currencies. BONDS: European government bonds, which should start little changed, rose Tuesday after soft U.S. durable goods and consumer confidence data fueled hopes the Federal Reserve could cut interest rates early next year. Analysts said recent data indicate ECB interest rates are likely to rise further in 2007 even after next weeks expected hike to 3.50% from 3.25%. Gilts are also drawing support for prospects that inflation is improving. CALENDAR: Wednesday, Nov 29: US GDP, Oil Data; Trichet GMT Expected Previous 0930 UK Oct BoE Lending to Individuals 9.3B 9.853B 0930 UK Oct BoE Consumer Credit 0.9B 0.924B 1115 EU ECB Long term Refi Ops Bids 1200 US Nov 24 MBA Refinancing Index -4.3% 1330 US 3Q GDP, prelim +1.8% +1.6% 1330 US 3Q Corp Profits, prelim +2.1% 1400 US NY Fed Pres Geithner participates in panel discussion at a conference in New York 1500 US Oct New Home Sales -2.8% +5.3% 1530 US Nov 28 US Energy Dept Crude Oil Stocks +145K +5.1M 1530 US Nov 28 US Energy Dept Distillate Stocks +185K -1.2M 1530 US Nov 28 US Energy Dept Gasoline Stocks +285K +1.4M 1840 EU ECB Pres Trichet speaks in London 1900 US Feds Beige Book 2330 JPN Nov Japan Nomura / JMMA PMI Mfg N/A US Pres Bush, Iraq PM al-Malik to meet in Jordan -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com (MORE TO FOLLOW) Dow Jones Newswires November 29, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 29 Nov 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Antofagasta (ANTO.LN): 3Q Earnings Average EBITDA (DJ, 3 analysts): $839M (N/A) Note: The previous years comparatives arent available as this is the companys first year of quarterly earnings updates. An analyst is watching for news on the tailings dam at Los Pelambres, which is the subject of a court order to halt construction, and this could hit production. Compass (CPG.LN): FY Earnings Average pretax profit before exceptional items (DJ, 5 analysts): GBP361M (GBP379M) Note: Analysts will focus on the comments of Chief Executive Richard Cousins, who joined the group in June following a disastrous few years for the company. Cousins is expected to give details of the companys new strategy, which is likely to include further restructuring and cost cuts. Mitchells & Butlers (MAB.LN): FY Earnings Average pretax profit before exceptional items (DJ, 6 analysts): GBP204.8M (GBP193M) Note: Analysts are keen to see if the strong summer trading has continued. The performance of the Scottish pubs will be under the spotlight, given the recent smoking ban and analysts will be looking for signs of a turnaround in the recently acquired Whitbread (WTB.LN) estate. Mobile TeleSystems (MBT): 3Q Earnings Average GAAP net profit (Co, 5 analysts): $391M ($347M) Average EBITDA: $887M ($738M) Average sales: $1.7B ($1.39B) Note: Russian ARPU seen rising to $8.4 from 2Qs $7.5 on new ruble-denominated tariffs and higher usage, although Julys introduction of CPP should crimp ARPU growth a little. OPAP (OPAP.AT): 3Q Earnings Average net profit (DJ, 5 analysts): EUR121M (EUR113.4M) Average revenues: EUR1.02B (EUR890.4B) Note: Revenues seen +15% on increased soccer betting around this years World Cup, and longer hours for Kino numbers game. Analysts also focussing on announcement of interim dividend, estimated between EUR0.50-0.54 a share, up from EUR0.48 a year ago. OTE (OTE): 3Q Earnings Average net profit (DJ, 8 analysts): EUR123M (EUR493.2M adjusted loss) Average revenues: EUR1.46B (EUR1.41B) Note: Analysts watching for news of Romtelecom turnaround and restatement of year earlier figures to reflect accounting changes. Sage Group (SGE.LN): FY Earnings Average pretax profit (Co, 15 analysts): GBP220M (GBP205M) Average sales: GBP927M (GBP777M) Note: Analysts will look for an update on how the software companys Emdeon and Verus acquisitions are being integrated into the business. OTHER SCHEDULED EVENTS: AaB (AAB.KO): 3Q Earnings aap Implantate (AAQ.XE): Analyst Meeting Aberdeen Asian Smaller Companies (AAS.LN): AGM Acergy (ACY.OS): Trading Update Advance Auto Parts (AAP): Analyst Meeting Aixtron (AIX.XE): Analyst Meeting Analytik Jena (AJA.XE): Analyst Meeting Anite Group (AIE.LN): EGM Antena 3 de Television (A3TV.MC): EGM Asfare Group (ASF.LN): 1H Earnings Brain Force Holding (BFC.VI): Analyst Meeting Brewin Dolphin Holdings (BRW.LN): FY Earnings C.A.T Oil (O2C.XE): 3Q Earnings caatoosee (COO1.XE): Analyst Meeting Cancom IT Systeme (COK.XE): Analyst Meeting Carl Zeiss Meditec (AFX.XE): Analyst Meeting CCR Logistics Systems (CCR.XE): Analyst Meeting CENIT AG Systemhaus (CSH.XE): Analyst Meeting Centrotec Sustainable (CEV.XE): Analyst Meeting Charter (CHTR.LN): Trading Update Computerlinks (CPX.XE): Analyst Meeting Consilium (CONS-B.SK): 3Q Earnings Corus Group (CS.LN): 3Q Earnings Curanum (BHS.XE): Analyst Meeting D/S Norden (DNORD.KO): 3Q Earnings Data Modul : Analyst Meeting Deutsche Effecten- und (EFF.XE): Analyst Meeting DFDS (DFDS.KO): 3Q Earnings Dragerwerk : Analyst Meeting Eckert & Ziegler (EUZ.XE): Analyst Meeting Electronics Line 3000 : Analyst Meeting ELMOS Semiconductor (ELG.XE): Analyst Meeting ElringKlinger (ZIL2.XE): Analyst Meeting (MORE TO FOLLOW) Dow Jones Newswires November 29, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 29 Nov 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events -2- ESI Group (ERI.XE): 1H Earnings Evotec OAI (EVT.XE): Analyst Meeting Future (FUTR.LN): FY Earnings Game Group (GMG.LN): Trading Update GFT Technologies (GFT.XE): Analyst Meeting Gooch & Housego (GHH.LN): FY Earnings Grammer (GMM.XE): Analyst Meeting Helical Bar (HLCL.LN): 1H Earnings Hellenic Telecommunications (HTO.AT): 3Q Earnings Impresa (IPR.LB): Investor Day Innovation Group (TIG.LN): FY Earnings International Gold Exploration (IGE.OS): 3Q Earnings Intershop Communications (ISH2.XE): Analyst Meeting InTiCom Systems (IS7.XE): 3Q Earnings Isotron (ISO.LN): AGM ItN Nanovation (I7N.XE): Analyst Meeting Jetter (JTT.XE): Analyst Meeting JZ Equity Partners (JZE.LN): 1H Earnings Leoni (LEO.XE): Analyst Meeting Masterflex (MZX.XE): Analyst Meeting Matalan (MTN.LN): EGM McKay Securities (MCKS.LN): 1H Earnings Monks Investment Trust (MNKS.LN): 1H Earnings OpSec Security Group (OSG.LN): 1H Earnings Pankl Racing Systems (PKL.XE): Analyst Meeting Paragon (PGN.XE): Analyst Meeting PC-WARE Information (PCW.XE): Analyst Meeting Pfleiderer (PFD4.XE): Analyst Meeting Plenum (PLE.XE): 3Q Earnings Prevas (PREV-B.SK): Capital Markets Day Progress-Werk Oberkirch (PWO.XE): Analyst Meeting Prosodie (415203.FR): 3Q Earnings PULSION Medical Systems (PUS.XE): Analyst Meeting Realtech (RTC.XE): Analyst Meeting Rockwool International (ROCK-B.KO): 3Q Earnings Rucker (DKIN): Analyst Meeting Scorpion Offshore (SCORE.OS): Q1 2007 Earnings Secunet Security Networks (YSN.XE): Analyst Meeting Silicon Sensor International (SIS.XE): Analyst Meeting Stratec Biomedical Systems (SBS.XE): Analyst Meeting TAG Tegernsee (TEG.XE): 3Q Earnings Conference Call technotrans (TTR.XE): Analyst Meeting Teleplan International (TPL.XE): Analyst Meeting Tie Holding (38698.AE): 4Q Earnings Warner Estate Holdings (WNER.LN): 1H Earnings WaveLight Laser Technologie : Analyst Meeting West Siberian Resources (WSIB-SDB.SK): 3Q Earnings Wige Media (WIG.XE): 3Q Earnings Wolseley (WOS.LN): AGM World of Medicine (WOM.XE): Analyst Meeting Zetex (ZTX.LN): Trading Update (MORE TO FOLLOW) Dow Jones Newswires November 29, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 29 Nov 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payment & Ex-Div Dates 3i Group (III.LN): 1H 2006 Ex-Dividend Date Associated British Foods (ABF.LN): FY 2006 Ex-Dividend Date AXA Property Trust (APT.LN): 2Q 2006 Ex-Dividend Date Banco Pastor (PAS.MC): 2Q 2006 Dividend Payment Date Barratt Developments (BDEV.LN): FY 2006 Dividend Payment Date Big Yellow Group (BYG.LN): 1H 2006 Ex-Dividend Date Bodycote International (BOY.LN): 1H 2006 Ex-Dividend Date Brixton (BXTN.LN): 1H 2006 Ex-Dividend Date Cranswick (CWK.LN): 1H 2006 Ex-Dividend Date Daily Mail & General Trust (DMGT.LN): FY 2006 Ex-Dividend Date Diploma (DPLM.LN): FY 2006 Ex-Dividend Date Halfords Group (HFD.LN): 1H 2006 Ex-Dividend Date Hansa Trust (HAN.LN): 1H 2006 Ex-Dividend Date Headlam Group (HEAD.LN): 1H 2006 Ex-Dividend Date HSBC Infrastructure Company (HICL.LN): 1H 2006 Ex-Dividend Date Investment Company (INV.LN): 1H 2006 Ex-Dividend Date Johnson Matthey (JMAT.LN): 1H 2006 Ex-Dividend Date JPMorgan Income & Capital IT (JPI.LN): 3Q 2006 Ex-Dividend Date London Merchant Securities (LMSO.LN): 1H 2006 Ex-Dividend Date Manchester & London Investment (MNL.LN): FY 2006 Dividend Payment Date Marchpole Holdings (MPH.LN): 1H 2006 Ex-Dividend Date Mice Group (MEG.LN): 1H 2006 Ex-Dividend Date Morgan Crucible (MGCR.LN): 1H 2006 Ex-Dividend Date Mucklow (A&J) (MKLW.LN): FY 2006 Ex-Dividend Date National Grid (NG.LN): 1H 2006 Ex-Dividend Date Premier Utilities Trust (PUT.LN): 3Q 2006 Ex-Dividend Date Pubs n Bars (PNB.LN): 1H 2006 Ex-Dividend Date Rotork (ROR.LN): Special Ex-Dividend Date SABMiller (SAB.JO): 1H 2006 Ex-Dividend Date J. Smart & Co (SMJ.LN): FY 2006 Ex-Dividend Date Town Centre Securities (TCSC.LN): FY 2006 & Special Ex-Dividend Date United Drug (UDG.DB): FY 2006 Ex-Dividend Date Wynnstay Properties (WSP.LN): 1H 2007 Ex-Dividend Date (END) Dow Jones Newswires November 29, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.


 

Free for publication 29. November, 2006 Elektrobit Launches High-Performance RFID Products With the help of Elektrobit's strong RFID background and expertise, our customers get quick and easy access to a leading-edge RFID solution. Elektrobit launched today its first two products to the RFID market, the Elektrobit RFID Reader and the Elektrobit WLAN Node. These products reflect Elektrobit's intention to become a leading global open RFID reader system provider. Elektrobit RFID Reader and the Elektrobit WLAN node are the first elements of the Elektrobit Identification Network Architecture. The new architecture and first products were published at ID World 2006, Milan, Italy. As a part of the total solution, Elektrobit introduces also the new Facility Sounding(TM) technology for easy deployment, reduced interference in large installations, as well as lower installation time and seamless integration of mobile and stationary identification devices. Elektrobit has got strong background in wireless technologies with over 10 years of experience in radio channel propagation and air interface technologies with world leading companies and, now the company has packaged its expertise into the Elektrobit Identification Network Architecture. It solves major RFID challenges that have been a barrier for the technology's breakthrough. Elektrobit is committed to the RFID area and also taking an active role in standardization activities as a member of several bodies like ETSI and EPCglobal. "In addition to retail we see RFID being deployed in e.g. automotive and telecom industries to improve manufacturing and supply chain processes", said Mr. Pertti Korhonen, CEO of Elektrobit. "Good read rates and reading distances are crucial in RFID. This calls for high-performance RFID readers and reader systems." Mr. Korhonen continues: "We are standing at the edge of a new era that will transform our corporate, community, and personal spheres. This is the era of wireless sensor networks." Products The Elektrobit RFID Reader works at UHF frequencies, and it is EPC Gen2 and ISO 18000-6C compatible. It provides rugged modern mechanical design and high reading performance with single static antenna. The product is a CE marked and ETSI compliant high-quality reader. The innovative, high-performance Elektrobit WLAN Node is IEEE 802.11a,b,g compatible and suitable for VoIP and wireless video applications. It is designed for rough environments and has got IP66 protection. Architecture "Facility Sounding(TM) is our innovative contribution for RFID market to solve the dense reader deployments", said Mr. Hanspeter Sutter, Director, RFID Solutions. "With the new concept, the readers read and understand their environment during deployment phase and they can be synchronised better", Mr. Sutter continues. Further information: Hanspeter Sutter Director, RFID Solutions Elektrobit Tel. +41 79 400 65 65 About Elektrobit Elektrobit is a Technology Company specialized in embedded software and hardware solutions for selected automotive and wireless environments. Elektrobit delivers software systems and navigation solutions for cars, advanced reference design terminals, IP radio base station modules, as well as R&D services and testing, material handling and process automation equipment for the electronics industry and teleoperators. Elektrobit employs some 2,000 professionals in 15 countries. The net sales for the year 2005 totalled MEUR 212.5. Elektrobit Group Plc. is listed on OMX Helsinki. www.elektrobit.com


 

US SUMMARY: Good Housing Data Rescue Stocks DJIA 12136.45 gain 14.74 up 0.1% NASDAQ 2412.61 gain 6.69 up 0.3% S&P 500 1386.72 gain 4.82 up 0.4% Dow Future 12170.00 gain 17.00 up 0.1% NASDAQ Future 1785.50 gain 3.25 up 0.2% S&P Future 1391.00 gain 2.50 up 0.2% Euro-USD 1.3190 loss 0.0007 dn 0.06% 10-Yr US Treasury: 4.51% down 0.03 (Futures values, Treasury, EUR/USD Data as of 0550 GMT) Stocks advanced modestly Tuesday after Wall Street shrugged off a sharp drop in orders for manufactured goods and took comfort in the first gain in existing home sales in eight months. Treasurys and oil gained, while the dollar fell. STOCKS: The gains came after investors had little reaction to comments from Federal Reserve Chairman Ben Bernanke. He said that he remains concerned that inflation or a steeper-than-expected decline in the housing market could harm an already slowing economy. In the speech, which included Bernankes most extensive comments on the economy since last summer, he said inflation remains higher than he would like but that it should fall as the economy cools. The Commerce Departments report that orders for durable goods fell 8.3 percent in October - the largest drop in more than six years - earlier stoked concerns that the economy is slowing at too fast a pace. But a report from the National Association of Realtors showing a slight uptick in home sales lent support to the market although it also revealed that the median selling price fell by the steepest level on record last month. The markets muted response followed its worst session in more than four months on Monday. John Zielinski, a portfolio manager at Neuberger Berman, contends the markets plunge was overblown and that investors could be seeing lower-than-usual liquidity given that for many brokerages, Thursday is the end of their fiscal year. "The moves seem to be a little bit exaggerated based on the data points were seeing," he said. FOREX: The dollar is expected to trade mixed in Europe mixed, after it plunged to a fresh 20-month low against the euro Tuesday as negative U.S. economic data helped convince investors the dollars recent slide has been warranted. The dollar has now dropped about 2.7% against the euro in the past five trading sessions. On Wednesday, traders will be eyeing U.S. gross domestic product growth figures for the third quarter. The median estimate of 22 economists surveyed Monday by Dow Jones Newswires is for the revised release of third quarter GDP growth to be boosted to a 1.8% annual rate of growth compared with the 1.6% pace in the advance report. BONDS: Treasury bond prices rallied Tuesday, at one stage pushing the 10-year yield to its lowest level since January, as the market overcame mixed data and fresh warnings on inflation from the Feds Bernanke and others. Weak durable goods orders and a strong two-year note auction from the Treasury Department were the key drivers behind the Treasury markets gains in a topsy-turvy, news-packed trading session. Tony Crescenzi, chief bond market strategist at Miller Tabak & Co., said Bernankes remarks "sounded characteristically hawkish...with the chairman leaving virtually no room for investors to conclude that the Fed is contemplating an interest rate cut." "Bernankes comments are consistent with what the markets are already priced for; chiefly, that the Fed will not act on interest rates for six months," Crescenzi wrote in a note. Philadelphia Fed President Charles Plosser spoke of "a significant possibility" that inflation will remain at elevated levels for some time and that this may force the Fed to raise rates again. OIL: Light, sweet crude for January delivery rose 67 cents to settle at $60.99 a barrel on the New York Mercantile Exchange. The gain came on concerns about winter weather, a December OPEC meeting and violence in Iraq. But the market could easily fall back unless solid evidence emerges that the cartels members are sticking to their October pledge to trim output by 1.2 million barrels. A.G. Edwards commodities analyst Bill OGrady added that "if the dollar decline gets legs, you could see the cartel start to cheat," or not rein in as much output as promised. It would likely start with just a few OPEC members, but others who had been holding back their production might follow, lest they give up market share. ASIAN SUMMARY: Bullish Japan Industrial Data Lift Shares USD-Yen 115.78 loss 0.33 dn 0.3% AUD-USD 0.7825 loss 0.0015 dn 0.2% Nikkei 225 16126.25 gain 271.09 up 1.7% Hang Seng 18770.07 gain 130.50 up 0.7% S&P/ASX 200 5432.50 gain 64.70 up 0.4% Taiwan Index 7474.19 gain 29.25 up 0.4% S.Korea Kospi 1422.15 gain 10.68 up 0.8% Spot Gold $639.12 loss 0.88 dn 0.1% Brent Crude Oil $61.40 gain $0.19 up 0.3% JGB 10-year Yield 1.6900 up 0.0450 (All values as of 0550 GMT) STOCKS: Japanese stocks rose Wednesday, led by real estate and construction issues. The government said industrial production rose 1.6 percent in October from September, suggesting that the manufacturing sector is on a firm footing. That was much stronger than the 0.4 percent decline predicted by economists. FOREX: The yen was higher, with traders looking at Y115.40 as a target, after the Japan industrial data gave the Japanese currency a lift and shortened the odds for a rate hike. BONDS: The strong Japan industrial data caused government bond prices to fall. Bank of Japan Governor Toshihiko Fukui said Wednesday the central bank will continue to aim to achieve sustainable economic growth with price stability. METALS: Spot gold was trading at around $639.12, down from around $640, as the market watched the dollars moves. Bernankes comments on inflation were lending support, traders said. But gold has to break $642 resistance or else drop back to $637, they said. Copper futures were holding steady following earlier losses. Stockpiles are critical to the metals next move, dealers said. OIL: Light sweet crude for January delivery was up 14 cents to $61.13 a barrel in Asian electronic trading on the New York Mercantile Exchange. The market considered forecasts for colder weather in the United States and prospects for more output cuts at next months OPEC meeting. Investors also await weekly data on U.S. stockpiles. EUROPEAN OUTLOOK: Stocks To Regain Momentum Euro-USD 1.3190 loss 0.0007 dn 0.06% Stlg-USD 1.9518 loss 0.0002 dn 0.01% USD-Franc 1.2040 gain 0.0016 up 0.1% (All values as of 0550 GMT) European shares are likely to start the session higher, with government bond prices and the euro little changed. STOCKS: Despite the weakness in the dollar, European markets are set for a moderate rebound, buoyed by Wall Streets positive close, with U.S. futures suggesting further upside. U.K. spreadbettor City Index is calling the FTSE up 25 points at 6050 and the DAX and CAC up 30 each at 6311 and 5320 respectively. On Tuesday, European shares closed lower for the fifth day in a row, as weakness in the dollar and profitability concerns surrounding banking group Barclays and mobile-phone giant Nokia depressed sentiment. FOREX: Despite European politicians protests that their currency is too high, the euro continues to benefit from the likelihood that euro zone interest rates are headed higher. "People are generally of the belief that interest rate differentials are moving against the dollar and specifically are supporting the euro," said John McCarthy, director of foreign exchange at ING Capital Markets in New York. "The euro, simply, is a constructive currency right now." The next major hurdle for the euro is $1.33 and traders said that if it were cleared, even sharper dollar losses would be in store. Nervous corporate investors would likely start hedging huge dollar positions by buying euros and other currencies. BONDS: European government bonds, which should start little changed, rose Tuesday after soft U.S. durable goods and consumer confidence data fueled hopes the Federal Reserve could cut interest rates early next year. Analysts said recent data indicate ECB interest rates are likely to rise further in 2007 even after next weeks expected hike to 3.50% from 3.25%. Gilts are also drawing support for prospects that inflation is improving. CALENDAR: Wednesday, Nov 29: US GDP, Oil Data; Trichet GMT Expected Previous 0930 UK Oct BoE Lending to Individuals 9.3B 9.853B 0930 UK Oct BoE Consumer Credit 0.9B 0.924B 1115 EU ECB Long term Refi Ops Bids 1200 US Nov 24 MBA Refinancing Index -4.3% 1330 US 3Q GDP, prelim +1.8% +1.6% 1330 US 3Q Corp Profits, prelim +2.1% 1400 US NY Fed Pres Geithner participates in panel discussion at a conference in New York 1500 US Oct New Home Sales -2.8% +5.3% 1530 US Nov 28 US Energy Dept Crude Oil Stocks +145K +5.1M 1530 US Nov 28 US Energy Dept Distillate Stocks +185K -1.2M 1530 US Nov 28 US Energy Dept Gasoline Stocks +285K +1.4M 1840 EU ECB Pres Trichet speaks in London 1900 US Feds Beige Book 2330 JPN Nov Japan Nomura / JMMA PMI Mfg N/A US Pres Bush, Iraq PM al-Malik to meet in Jordan -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com (MORE TO FOLLOW) Dow Jones Newswires November 29, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 29 Nov 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Antofagasta (ANTO.LN): 3Q Earnings Average EBITDA (DJ, 3 analysts): $839M (N/A) Note: The previous years comparatives arent available as this is the companys first year of quarterly earnings updates. An analyst is watching for news on the tailings dam at Los Pelambres, which is the subject of a court order to halt construction, and this could hit production. Compass (CPG.LN): FY Earnings Average pretax profit before exceptional items (DJ, 5 analysts): GBP361M (GBP379M) Note: Analysts will focus on the comments of Chief Executive Richard Cousins, who joined the group in June following a disastrous few years for the company. Cousins is expected to give details of the companys new strategy, which is likely to include further restructuring and cost cuts. Mitchells & Butlers (MAB.LN): FY Earnings Average pretax profit before exceptional items (DJ, 6 analysts): GBP204.8M (GBP193M) Note: Analysts are keen to see if the strong summer trading has continued. The performance of the Scottish pubs will be under the spotlight, given the recent smoking ban and analysts will be looking for signs of a turnaround in the recently acquired Whitbread (WTB.LN) estate. Mobile TeleSystems (MBT): 3Q Earnings Average GAAP net profit (Co, 5 analysts): $391M ($347M) Average EBITDA: $887M ($738M) Average sales: $1.7B ($1.39B) Note: Russian ARPU seen rising to $8.4 from 2Qs $7.5 on new ruble-denominated tariffs and higher usage, although Julys introduction of CPP should crimp ARPU growth a little. OPAP (OPAP.AT): 3Q Earnings Average net profit (DJ, 5 analysts): EUR121M (EUR113.4M) Average revenues: EUR1.02B (EUR890.4B) Note: Revenues seen +15% on increased soccer betting around this years World Cup, and longer hours for Kino numbers game. Analysts also focussing on announcement of interim dividend, estimated between EUR0.50-0.54 a share, up from EUR0.48 a year ago. OTE (OTE): 3Q Earnings Average net profit (DJ, 8 analysts): EUR123M (EUR493.2M adjusted loss) Average revenues: EUR1.46B (EUR1.41B) Note: Analysts watching for news of Romtelecom turnaround and restatement of year earlier figures to reflect accounting changes. Sage Group (SGE.LN): FY Earnings Average pretax profit (Co, 15 analysts): GBP220M (GBP205M) Average sales: GBP927M (GBP777M) Note: Analysts will look for an update on how the software companys Emdeon and Verus acquisitions are being integrated into the business. OTHER SCHEDULED EVENTS: AaB (AAB.KO): 3Q Earnings aap Implantate (AAQ.XE): Analyst Meeting Aberdeen Asian Smaller Companies (AAS.LN): AGM Acergy (ACY.OS): Trading Update Advance Auto Parts (AAP): Analyst Meeting Aixtron (AIX.XE): Analyst Meeting Analytik Jena (AJA.XE): Analyst Meeting Anite Group (AIE.LN): EGM Antena 3 de Television (A3TV.MC): EGM Asfare Group (ASF.LN): 1H Earnings Brain Force Holding (BFC.VI): Analyst Meeting Brewin Dolphin Holdings (BRW.LN): FY Earnings C.A.T Oil (O2C.XE): 3Q Earnings caatoosee (COO1.XE): Analyst Meeting Cancom IT Systeme (COK.XE): Analyst Meeting Carl Zeiss Meditec (AFX.XE): Analyst Meeting CCR Logistics Systems (CCR.XE): Analyst Meeting CENIT AG Systemhaus (CSH.XE): Analyst Meeting Centrotec Sustainable (CEV.XE): Analyst Meeting Charter (CHTR.LN): Trading Update Computerlinks (CPX.XE): Analyst Meeting Consilium (CONS-B.SK): 3Q Earnings Corus Group (CS.LN): 3Q Earnings Curanum (BHS.XE): Analyst Meeting D/S Norden (DNORD.KO): 3Q Earnings Data Modul : Analyst Meeting Deutsche Effecten- und (EFF.XE): Analyst Meeting DFDS (DFDS.KO): 3Q Earnings Dragerwerk : Analyst Meeting Eckert & Ziegler (EUZ.XE): Analyst Meeting Electronics Line 3000 : Analyst Meeting ELMOS Semiconductor (ELG.XE): Analyst Meeting ElringKlinger (ZIL2.XE): Analyst Meeting (MORE TO FOLLOW) Dow Jones Newswires November 29, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 29 Nov 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events -2- ESI Group (ERI.XE): 1H Earnings Evotec OAI (EVT.XE): Analyst Meeting Future (FUTR.LN): FY Earnings Game Group (GMG.LN): Trading Update GFT Technologies (GFT.XE): Analyst Meeting Gooch & Housego (GHH.LN): FY Earnings Grammer (GMM.XE): Analyst Meeting Helical Bar (HLCL.LN): 1H Earnings Hellenic Telecommunications (HTO.AT): 3Q Earnings Impresa (IPR.LB): Investor Day Innovation Group (TIG.LN): FY Earnings International Gold Exploration (IGE.OS): 3Q Earnings Intershop Communications (ISH2.XE): Analyst Meeting InTiCom Systems (IS7.XE): 3Q Earnings Isotron (ISO.LN): AGM ItN Nanovation (I7N.XE): Analyst Meeting Jetter (JTT.XE): Analyst Meeting JZ Equity Partners (JZE.LN): 1H Earnings Leoni (LEO.XE): Analyst Meeting Masterflex (MZX.XE): Analyst Meeting Matalan (MTN.LN): EGM McKay Securities (MCKS.LN): 1H Earnings Monks Investment Trust (MNKS.LN): 1H Earnings OpSec Security Group (OSG.LN): 1H Earnings Pankl Racing Systems (PKL.XE): Analyst Meeting Paragon (PGN.XE): Analyst Meeting PC-WARE Information (PCW.XE): Analyst Meeting Pfleiderer (PFD4.XE): Analyst Meeting Plenum (PLE.XE): 3Q Earnings Prevas (PREV-B.SK): Capital Markets Day Progress-Werk Oberkirch (PWO.XE): Analyst Meeting Prosodie (415203.FR): 3Q Earnings PULSION Medical Systems (PUS.XE): Analyst Meeting Realtech (RTC.XE): Analyst Meeting Rockwool International (ROCK-B.KO): 3Q Earnings Rucker (DKIN): Analyst Meeting Scorpion Offshore (SCORE.OS): Q1 2007 Earnings Secunet Security Networks (YSN.XE): Analyst Meeting Silicon Sensor International (SIS.XE): Analyst Meeting Stratec Biomedical Systems (SBS.XE): Analyst Meeting TAG Tegernsee (TEG.XE): 3Q Earnings Conference Call technotrans (TTR.XE): Analyst Meeting Teleplan International (TPL.XE): Analyst Meeting Tie Holding (38698.AE): 4Q Earnings Warner Estate Holdings (WNER.LN): 1H Earnings WaveLight Laser Technologie : Analyst Meeting West Siberian Resources (WSIB-SDB.SK): 3Q Earnings Wige Media (WIG.XE): 3Q Earnings Wolseley (WOS.LN): AGM World of Medicine (WOM.XE): Analyst Meeting Zetex (ZTX.LN): Trading Update (MORE TO FOLLOW) Dow Jones Newswires November 29, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 29 Nov 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payment & Ex-Div Dates 3i Group (III.LN): 1H 2006 Ex-Dividend Date Associated British Foods (ABF.LN): FY 2006 Ex-Dividend Date AXA Property Trust (APT.LN): 2Q 2006 Ex-Dividend Date Banco Pastor (PAS.MC): 2Q 2006 Dividend Payment Date Barratt Developments (BDEV.LN): FY 2006 Dividend Payment Date Big Yellow Group (BYG.LN): 1H 2006 Ex-Dividend Date Bodycote International (BOY.LN): 1H 2006 Ex-Dividend Date Brixton (BXTN.LN): 1H 2006 Ex-Dividend Date Cranswick (CWK.LN): 1H 2006 Ex-Dividend Date Daily Mail & General Trust (DMGT.LN): FY 2006 Ex-Dividend Date Diploma (DPLM.LN): FY 2006 Ex-Dividend Date Halfords Group (HFD.LN): 1H 2006 Ex-Dividend Date Hansa Trust (HAN.LN): 1H 2006 Ex-Dividend Date Headlam Group (HEAD.LN): 1H 2006 Ex-Dividend Date HSBC Infrastructure Company (HICL.LN): 1H 2006 Ex-Dividend Date Investment Company (INV.LN): 1H 2006 Ex-Dividend Date Johnson Matthey (JMAT.LN): 1H 2006 Ex-Dividend Date JPMorgan Income & Capital IT (JPI.LN): 3Q 2006 Ex-Dividend Date London Merchant Securities (LMSO.LN): 1H 2006 Ex-Dividend Date Manchester & London Investment (MNL.LN): FY 2006 Dividend Payment Date Marchpole Holdings (MPH.LN): 1H 2006 Ex-Dividend Date Mice Group (MEG.LN): 1H 2006 Ex-Dividend Date Morgan Crucible (MGCR.LN): 1H 2006 Ex-Dividend Date Mucklow (A&J) (MKLW.LN): FY 2006 Ex-Dividend Date National Grid (NG.LN): 1H 2006 Ex-Dividend Date Premier Utilities Trust (PUT.LN): 3Q 2006 Ex-Dividend Date Pubs n Bars (PNB.LN): 1H 2006 Ex-Dividend Date Rotork (ROR.LN): Special Ex-Dividend Date SABMiller (SAB.JO): 1H 2006 Ex-Dividend Date J. Smart & Co (SMJ.LN): FY 2006 Ex-Dividend Date Town Centre Securities (TCSC.LN): FY 2006 & Special Ex-Dividend Date United Drug (UDG.DB): FY 2006 Ex-Dividend Date Wynnstay Properties (WSP.LN): 1H 2007 Ex-Dividend Date (END) Dow Jones Newswires November 29, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.


 

- significant growth in its instrument business - best earnings since stock exchange debut - continuation of positive development anticipated in 2006/2007 Jena, 29.11.06 - Analytik Jena AG (ISIN DE0005213508), specialist for analytical and bioanalytical measurement systems, biochemical reagent kits for sample preparation and molecular diagnostics, as well as a partner for planning and equipping hospitals and laboratories, today (Wednesday) publishes preliminary figures for the financial year 2005/2006 (up to 30 September 2006). During this period the Analytik Jena company group succeeded in maintaining its growth course in its core business and raised its profitability considerably. Overall, Analytik Jena boosted its turnover by 5 % to EU 67.3m (previous year: EU 64.4m) and generated operative earnings (EBIT) of EU 2.8m (previous year: EU 0.5m). The EBIT margin went up from just below 1 % to over 4 %. The annual net profit for the company group rose from EU 0.085m to EU 1.130m. Analytik Jena increased its sales in the instrument segment beyond the level of the company group overall by 32 % to EU 37.1m (previous year: EU 28.1m). The business unit analytical solutions made strong gains in this segment with 58 % sales growth to EU 28.8m. As in almost all areas, the highest growth was achieved abroad. The gross margin in the company group went up from just under 32 % last year to 37 %. As of 30 September 2006, liquidity amounted to EU 11.7m (previous year: EU 5.5m) underlining Analytik Jena's solid financial situation. The Board presents a detailed summary of the figures for the financial year 2005/2006 today at 6.00 pm at the 'Deutsches Eigenkapitalforum' [German Equity Forum] in Frankfurt. All figures stated in this announcement are preliminary. www.aj-group.de With its international activities, the system supplier 'Analytik Jena GROUP' meets almost any demand within the analytical laboratory sector. The head of the Group is 'Analytik Jena AG' (ISIN: DE0005213508) whose core business is the development, production and distribution of state-of-the-art analytical solutions for the industry, environmental analyzing and medicine. The 'Analytik Jena GROUP' also includes various subsidiaries and branches with their own products, focussing on the development of special systems for the bioanalytical market. These include, among others, bio-instruments such as PCR, its product portfolio combining sample handling and a range of biochemical reagent kits for nucleic acid isolation and purification or the identification of BSE and bird flu agents. Moreover, special software solutions allow for the management and evaluation of all data records collected in the analytical lab. In addition to its instrument business, 'Analytik Jena GROUP' also offers the complete realization of investment projects, such as the all-in-one construction of entire hospitals and laboratories from project planning to turnkey finishing. Besides the services and products offered in the B-to-B market, 'Analytik Jena GROUP' offers high quality sighting equipment, binoculars and lighting technology for hunting, sports and outdoor activities. The main clients of the company founded in 1990 are well-known companies from all industrial sectors, as well as universities and research institutions in more than 70 countries. The Group currently employs more than 500 staff. Contact: Thomas Fritsche Analytik Jena Investor Relations Konrad-Zuse-Str. 1 07745 Jena/GERMANY Tel.: +49 3641 77 - 92 81 Fax: +49 3641 77 - 99 88 E-mail: t.fritsche@aj-group.de URL: www.aj-group.de --- End of Ad-hoc Message --- WKN: 521350 ; ISIN: DE0005213508 ; Index: Prime All Share; Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover;


 

Aldata Solution Oyj Press Release November 29, 2006, at 9.30 A.M. (EET) Swedish Railways, SJ AB, has chosen Aldata and its product Megadisc as Swedish Railway's mobile POS solution for onboard use by its staff on all SJ's trains in Sweden. The new PDA based Megadisc solution will function together with the existing Megadisc POS for bistro sales. The project will start immediately. SJ AB has a turnover of over 600 million euros and over 100 000 people travel daily with SJ's trains to about 350 destinations. Further information: Aldata Solution Oyj, Thomas Hoyer, CFO, tel. +358 45 670 0491 Aldata in brief Aldata Solution is one of the global leaders in supply chain execution software for retail, wholesale and logistics companies. The company's comprehensive range of Supply Chain Management and In-Store solutions enable its more than 300 customers across 50 countries to enhance productivity, profitability, performance and competitiveness. Aldata develops and supports its software through more than 600 Aldata professionals and a global partner network. Aldata is a public company quoted on the Helsinki Stock Exchange with the identifier ALD1V. More information at: www.aldata-solution.com. Distribution: OMX Helsinki Stock Exchange Media


 

Nordic Business Report-November 29, 2006-Nokia introduces four new mobile models (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish mobile communications company Nokia (NYSE: NOK) announced on Tuesday (28 November) the introduction of four new mobile phones, including three mid-range models. The three mid-range models are the slim Nokia 6300, the Nokia 6290 smartphone and the Nokia 6086 cameraphone, with estimated retail prices of EUR250, EUR325 and EUR200, respectively, before subsidies or taxes. The fourth model is the Nokia 2626, which is targeted at consumers in emerging markets and will be priced at approximately EUR75 before subsidies or taxes. According to Nokia these new models offer a balance of design and functionality for every lifestyle and budget. Nokia said that all four models are expected to begin shipping in the first quarter of 2007. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has nearly 59,000 employees worldwide, and reported net sales of EUR34.19bn in 2005. Nokia is listed on the Helsinki, Stockholm, Frankfurt and New York stock exchanges. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

The Board of Directors of TDC A/S has decided to enlarge the Executive Committee consisting today of CEO Jens Alder and CFO Hans Munk Nielsen with the following 3 new members with effect from January 1, 2007: * Kim Frimer, aged 47, who has been with the TDC Group since 1986, and as CEO of TDC Totalløsninger A/S since 2004. Besides being a member of the Executive Committee of TDC A/S, Kim Frimer will continue as CEO of TDC Totalløsninger A/S. * Mads Middelboe, aged 46, who has been with the TDC Group since 2000, and as CEO of TDC Mobil A/S since 2002. Besides being a member of the Executive Committee of TDC A/S, Mads Middelboe will continue as CEO of TDC Mobil A/S. * Henriette Fenger Ellekrog, aged 40, who has been with the TDC Group since 1998, and as Group HR manager since 2004. The 3 new members of the Executive Committee will be registered with the Danish Commerce and Companies Agency as soon as possible after a contemplated amendment of the company's Articles of Association has been adopted at the annual general meeting in 2007. The contemplated amendment implies that TDC A/S shall have an Executive Committee consisting of 2-7 members. For further information please contact TDC Investor Relations on +45 3343 7680. TDC A/S Noerregade 21 0900 Copenhagen C DK-Denmark tdc.com ---END OF MESSAGE---


 

Live analyst presentation available on www.cantos.com from 0930GMT with on-demand available later today (LSE:CPG) Speakers include: - Richard Cousins, CEO - Andrew Martin, FD This programming is available in video and audio. It's free to view. All you need to do is register at www.cantos.com Cantos.com is an online financial website where top management of companies address the critical issues facing their businesses. If you would like to contact us, please email enquiries@cantos.com.


 

In connection with company acquisitions, KappAhl has obtained tax loss carryforwards, which it expects to utilize starting from the 2012/2013 financial year. The acquisitions are expected to give a positive net effect on shareholders' equity of approximately MSEK 260 for the quarterly accounts 28 February 2007, as a consequence of existing tax loss carryforwards. The acquired companies do not carry any activity today. For more information, please contact: Christian W. Jansson, President and CEO, tel: +46 709 95 02 01 Håkan Westin, CFO, tel: +46 704 71 56 64 KappAhl Holding AB (publ) Box 303, SE-431 24 Mölndal, Sweden KappAhl is a leading Nordic fashion chain with about 270 stores in Sweden, Norway, Finland and Poland. We design, market and sell clothes for the entire family, but our primary target group is women aged 30 to 50 who buy for the entire family. KappAhl's head office and distribution centre, which handles transport to all stores, are located in Mölndal, on the outskirts of Göteborg, Sweden. KappAhl employs around 3,700 people and more than 90 per cent are women. During the 2005/2006 financial year, KappAhl reported sales of SEK 4.2 billion, with an operating profit of SEK 530 million. KappAhl is listed on the Stockholm Stock Exchange. Further information about the company is available on www.kappahl.com and financial information is available on www.kappahl.com/ir.


 

Zug, Switzerland - November 29, 2006 Benjamin Gentsch, Executive Vice President of Converium, today addresses KBW's European Insurance Conference in London. His presentation will focus on Converium as a viable alternative in the global reinsurance market. Benjamin Gentsch will highlight Converium's strong year-to-date financial performance, the agreed sale of the Company's North American operations and the good prospects for a near-term improvement of Converium's financial strengths ratings. He will also report on the ongoing year-end renewals and the strong support Converium is experiencing from clients. The presentation will be similar to the one given by Inga Beale, CEO of Converium, yesterday at the Sal. Oppenheim European Financials Conference in Zurich where she outlined the key drivers of Converium's profitable growth following an upgrade: First, earnings are expected to grow on the back of increasing shares of wallet in existing client relationships as well as the establishment of new relationships. Second, the combined ratio is expected to improve as the business mix shifts towards non-proportional business and administration expenses are supported by a growing volume of business. Third, returns on assets are expected to increase reflecting an optimized asset allocation through a reduction of collateralization requirements. The presentations are available on www.converium.com. Converium has made it a policy not to provide any quarterly or annual earnings guidance and it will not update any past outlooks for full-year earnings. It will, however, continue to provide investors with perspectives on its value drivers, certain financial guidance for the full year, its strategic initiatives and those factors critical to understanding its business and operating environment. Enquiries Dr. Kai-Uwe Schanz Marco Circelli Chief Communication & Head of Investor Relations Corporate Development Officer kai-uwe.schanz@converium.com marco.circelli@converium.com Phone: +41 (0) 44 639 90 35 Phone: +41 (0) 44 639 91 31 Fax: +41 (0) 44 639 70 35 Fax: +41 (0) 44 639 71 31 About Converium Converium is an independent international multi-line reinsurer known for its innovation, professionalism and service. Today Converium employs about 600 people in 18 offices around the globe and is organized into four business segments: Standard Property & Casualty Reinsurance, Specialty Lines and Life & Health Reinsurance, which are based principally on ongoing global lines of business, as well as the Run-Off segment, which primarily comprises the business from Converium Reinsurance (North America) Inc., excluding the US originated aviation business portfolio. Converium has a "BBB+" financial strength rating (Credit Watch positive) from Standard & Poor's and a "B++" financial strength rating (outlook positive) from A.M. Best Company. Important Disclaimer This document contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. It contains forward-looking statements and information relating to the Company's financial condition, results of operations, business, strategy and plans, based on currently available information. These statements are often, but not always, made through the use of words or phrases such as 'seek to', 'expects', 'should continue', 'believes', 'anticipates', 'estimates' and 'intends'. The specific forward-looking statements cover, among other matters, the Company's internal review and related restatement, the reinsurance market, the Company's operating results, certain financial guidance, e.g. related to the tax rate of the Company, the reduction of North American net reserves, the acquisition costs ratio and the costs of the Corporate Center, the rating environment and the prospect for improving results and expense reductions. Such statements are inherently subject to certain risks and uncertainties. Actual future results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the impact of our ratings downgrade or a further lowering or loss of one of our financial strength ratings; the impact of the restatement on our ratings and client relationships; uncertainties of assumptions used in our reserving process; risk associated with implementing our business strategies and our capital improvement measures and the run-off of our North American business; cyclicality of the reinsurance industry; the occurrence of natural and man-made catastrophic events with a frequency or severity exceeding our estimates; acts of terrorism and acts of war; changes in economic conditions, including interest and currency rate conditions that could affect our investment portfolio; actions of competitors, including industry consolidation and development of competing financial products; a decrease in the level of demand for our reinsurance or increased competition in our industries or markets; a loss of our key employees or executive officers without suitable replacements being recruited within a suitable period of time; our ability to address material weaknesses we have identified in our internal control environment; political risks in the countries in which we operate or in which we reinsure risks; the passage of additional legislation or the promulgation of new regulation in a jurisdiction in which we or our clients operate or where our subsidiaries are organized; the effect on us and the insurance industry as a result of the investigations being carried out by the US Securities and Exchange Commission, New York's Attorney General and other governmental authorities; changes in our investment results due to the changed composition of our invested assets or changes in our investment policy; failure of our retrocessional reinsurers to honor their obligations or changes in the credit worthiness of our reinsurers; our failure to prevail in any current or future arbitration or litigation; and extraordinary events affecting our clients, such as bankruptcies and liquidations, and other risks and uncertainties, including those detailed in the Company's filings with the U.S. Securities and Exchange Commission and the SWX Swiss Exchange. The Company does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. www.converium.com


 

Balance of Plant Financing Expected Soon GENEVA -- (MARKET WIRE) -- 11/22/06 -- SES Solar Inc. (OTCBB: SESI), a leading European-based developer of cost-effective, high productivity solar panels and solar roof tiles, is pleased to announce that it has received and accepted subscriptions for approximately USD 3.7 million (CHF 4.6 million) relating to a private placement for 4,100,001 common shares of the company at USD 0.90 per share. Proceeds from the financing will be used for the construction of the company's new state-of-the-art solar panel manufacturing facility in Geneva. The securities offered by SES Solar have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933. "We are very pleased with the confidence investors are showing in SES Solar," said Jean-Christophe Hadorn, chief executive officer and president at SES Solar Inc. "We are in advanced negotiations for obtaining the balance of the construction financing, and believe we will conclude those discussions soon." SES Solar's current business plan includes the development of new assembly lines based on its patented methodology which allows for low cost production of technologically advanced solar panels and solar roof tiles in Europe. The company plans to construct a state-of-the-art manufacturing facility in the suburbs of Geneva, Switzerland. SES Solar received authorization to build a production site on the property from the State of Geneva. About SES Solar Inc. SES Solar's wholly owned subsidiary, SES Switzerland was incorporated under the laws of Switzerland on March 26, 2001. Its principle business is the production of solar photovoltaic modules and roof tiles from silicon cells. SES Switzerland's proprietary products are based upon integrating unique architecture on commercially available high-performance modules and solar tiles. SES Switzerland services global market integrators and resellers as well as its own clientele and is positioned as one of the few manufacturers in Europe that can also produce customized solar photovoltaic modules that are larger than three square meters. Additionally, SES Switzerland's patented industrial production process yields photovoltaic modules in Europe at Asian manufacturing costs. Of great importance in today's world is that SES Switzerland's photovoltaic technology turns solar energy directly into useable electricity without releasing carbon dioxide. For additional information please visit www.sessolar.com Safe Harbor Except for historical information, the matters set forth herein, which are forward-looking statements, involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, additional unforeseen expenses that the company incurs in implementing its growth strategy; the failure by the company to operate effectively in a highly competitive industry with many participants; the company's ability to keep pace with technological advances and correctly identify and invest in the technologies that become commercially accepted; the company's ability to protect its intellectual property rights and exposure to infringement claims by others; the company's ability to operate efficiently, without work stoppages, labor disputes, equipment/mechanical break-downs and in compliance with current and new governmental regulations; the company's ability to generate revenues, and the company's ability to obtain financing to build the manufacturing facility as well as if and when necessary to meet cash requirements. Media Contact: Standard Atlantic +41-22-548-0135 Investor Contact: Michael Noonan +1-512-687-3457


 

London, England - November 28, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Børs: SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 95,760 of SNSA Common Shares on the Oslo Børs at an average price of NOK 189.75 per share (approximately $30.06 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares. Accordingly, in conformity with applicable Oslo Børs requirements, we report that Stolt-Nielsen S.A., through its wholly-owned subsidiary, Stolt-Nielsen Transportation Group Ltd., after this transaction has the following ownership (in the aggregate) in Stolt-Nielsen S.A., whose Common Shares are secondarily listed on the Oslo Børs with primary listing (through ADS arrangements) in the United States: Total number of Common Shares purchased: 95,760 Total number of Common Shares owned after purchase: 6,587,360 Percentage of issued shares of such class of shares following such purchase: 9.97% Including today's purchases, the Company has purchased Common Shares totaling approximately $191.8 million under the $200 million repurchase program announced on August 25, 2005. All Common Shares purchased by SNTG are classified as non-voting shares held in Treasury and issued but not outstanding. Any further buyback transactions will be disclosed through the disclosure system of the Oslo Børs, a press release, and on the Company's website at www.stolt-nielsen.com. Contact: Richard M. Lemanski U.S. 1 203 299 3604 rlemanski@stolt.com Jan Chr. Engelhardtsen UK 44 20 7611 8972 jengelhardtsen@stolt.com About Stolt-Nielsen S.A. Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly-owned subsidiary Stolt-Nielsen Transportation Group, provides integrated transportation for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot and Southern bluefin tuna. Forward-looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and uncertainties. The following factors, and others which are discussed in the Company's public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from the Company's forward-looking statements: the general economic conditions and competition in the markets and businesses in which the Company operates; changes in the supply of and demand for parcel tanker, tank container and terminal capacity in the markets in which the Company operates; changes in the supply of and demand for the products we transport, particularly the bulk liquids, chemicals and other specialty liquids that form the majority of the products that we transport; prevailing market rates for the transportation services that the Company offers and the fish products that the Company sells; changes in bunker fuel prices; the cost and feasibility of maintaining and replacing the Company's older ships and building or purchasing new ships; uncertainties inherent in operating internationally; the outcome of legal proceedings; the Company's relationship with significant customers; the outcome of discussions with customers concerning potential antitrust claims; the impact of negative publicity; environmental challenges and natural conditions facing the Company's aquaculture business; the impact of laws and regulations; operating hazards, including marine disasters, spills or environmental damage; the conditions and factors that may influence the decision to issue future dividends; and the market for long-term debt. Many of these factors are beyond the Company's ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements. Should one or more of these risks or uncertainties occur, or should management's assumptions or estimates prove incorrect, actual results and events may vary materially from those discussed in the forward-looking statements. - end text -


 

The Company has posted a notice to shareholders convening an extraordinary general meeting on 18 December 2006 to seek approval for the issue of further equity linked to the funding facility announced on 5 September 2006 and to reiterate approval of the general authority to issue equity approved at the annual general meeting on 31 August 2006. Enquiries: John Moore, CEO, Antonov plc +44 1842 768 320 Jos Haag, Antonov plc +31 651 561 767 David Rae, Dawnay, Day Corporate Finance Limited +44 207 509 4570 Shane Dolan, Biddicks +44 207 448 1000


 

Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] will issue a trading update on the 7th December 2006. Please note this will not be a 7am release but will issue during the course of the day. Group results for the year ending 31st December 2006 will be announced on 6th March 2007. For further information please contact: Alan Kelly General Manager, Group Finance AIB Group Bankcentre Dublin 4 Tel: +353-1-6412162 Maurice Tracey Group Investor Relations Manager AIB Group Bankcentre Dublin 4 Tel: +353-1-6414191


 
Hitt og þetta
28. nóvember 2006

Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of business on 27 November 2006 its undiluted net asset value ("NAV") per ordinary share was 106.58p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 105.63p. The investments in the above portfolio have been valued at bid prices. ---END OF MESSAGE---


 

(IFN) Icelands Actavis is likely to announce another acquisition within the next month, Robert Wessman, chief executive of the Icelandic generic drug company, told Dow Jones Newswires Tuesday. Wessman refrained from commenting on the size of the deal or its geographical location, but said the company is focusing on expanding its sales and marketing channels, primarily in Europe. "We are looking at sales and marketing functions now because we have such a strong research and development base," he said. Actavis last week announced the acquisition of a majority stake in Russian drug manufacturer ZiO Zdorovje and said it will invest EUR23 million in increasing production capacity at the companys manufacturing site. Wessman said Actavis is now looking at entering new markets in southern Europe, such as Switzerland and Austria, and increasing its presence in Poland and the Czech Republic. There wont be any more acquisitions in Russia for the time being, he said. "We expect to launch 20 to 25 new molecules in the Russian market next year. We will see very strong organic growth in Russia, so we dont believe we will invest more," he said. Wessman said he believes the acquisition of ZiO Zdorovje will increase Actavis access to tenders within the Russian federal reimbursement program. The reimbursement program was launched by the Russian government to help subsidize pharmaceuticals for the countrys low-income population. Some commentators have said drug companies revenue from the program could be jeopardized by the programs poor management and funding uncertainty. Wessman said, "The (reimbursement) system is quite young and for sure this system will be developed further." He added that "It is clear Russia will have either this system or some other system." He believes strongly in Russias economic growth prospects, he said. Wessman refrained from commenting on how much of ZiO Zdorovjes revenue derives from the federal program, but said the acquired business complements Actavis other businesses in Russia. "A big proportion of ZiO Zdorovjes revenues are coming from the program, but (Actavis) has mainly been in the private sector," he said. The ZiO Zdorovje plant produces 12 generic drugs and its plant has a capacity of about two billion tablets and capsules, and 20 million sachets a year. The company has forecast its sales at EUR21 million in 2006 and EUR31 million in 2007. In Europe, Hungarys Gedeon Richter and Polands Polpharma have been mentioned as potential takeover targets. However, Wessman said Actavis isnt "actively looking into any of those." He also dismissed the idea that Actavis would be interested in launching a counter-bid for Australias Mayne Pharma Ltd., saying Actavis has no need to strengthen its oncology unit following the acquisition of Romanias Sindan earlier this year. Actavis had been mentioned as one of several possible bidders for Mayne Pharma, after investors in that company held off accepting a A$2.60-billion ($2.03 billion) offer from Hospira Inc., expecting a higher counter offer to emerge.  Source: Dow Jones Newswires (END) Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.


 

Financial results for the third quarter ended October 31, 2006 MONTREAL, QUEBEC -- (MARKET WIRE) -- November 28, 2006 -- (TSX: BBD.A)(TSX: BBD.B) Bombardier Inc.'s financial results for the third quarter ended October 31, 2006, will be released Wednesday, November 29, 2006. Laurent Beaudoin, Chairman of the Board and Chief Executive Officer, Bombardier Inc.; Pierre Beaudoin, President and Chief Operating Officer, Bombardier Aerospace; Andre Navarri, President, Bombardier Transportation; and Pierre Alary, Senior Vice President and Chief Financial Officer, Bombardier Inc. will hold a conference call intended for investors and financial analysts to review the Corporation's financial results for the third quarter ended October 31, 2006. DATE: Wednesday, November 29, 2006 TIME: 10:00 a.m., Montreal time A question period intended for the media will take place at the end of this same conference call. To participate, media representatives need simply identify themselves when they register for the call. This conference call will be broadcast live on the Internet at the following address: www.bombardier.com Media representatives wishing to listen in on the call will be able to do so by dialing one of the following conference call numbers: Integral version: 514-394-9321 or (without translation) 1-866-540-8119 (toll-free in North America) +800-2787-2790 (overseas calls) In English: 514-394-9319 or 1-866-240-8935 (toll-free in North America) +800-2492-4460 (overseas calls) In French: 514-394-9317 or 1-888-791-1369 (toll-free in North America) +800-4994-8960 (overseas calls) Contacts: Bombardier Inc. Isabelle Rondeau Director, Communications 514-861-9481 Bombardier Inc. Shirley Chenier Director, Investor Relations 514-861-9481 www.bombardier.com


 

H. Lundbeck A/S hereby reports transactions made by executives and persons and legal entities closely associated to them with shares in H. Lundbeck A/S and linked securities, cf. section 28a of the Danish Securities Trading Act. The list is based on reports received by H. Lundbeck A/S from the company's executives today or yesterday. +-------------------------------------------------------------------+ | Name: | Birgit Bundgaard Rosenmeier | | | | |------------------------------------+------------------------------| | Job position of the executive: | Member of Supervisory Board, | | | Employee | | | Representative | |------------------------------------+------------------------------| | Relation to executive (associated | | | person or legal entity): | | | | | |------------------------------------+------------------------------| | ID code (ISIN code): | DK 0010287234 | | | | |------------------------------------+------------------------------| | Description of the security: | Warrant (purchase of shares) | | | | |------------------------------------+------------------------------| | Nature of the transaction: | Exercise of warrant | | | | |------------------------------------+------------------------------| | Date of trading: | 24 November 2006 | | | | |------------------------------------+------------------------------| | Market on which the trading was | Copenhagen Stock Exchange | | effected: | | | | | |------------------------------------+------------------------------| | Number of traded securities: | 2.000 | pcs. | | | | | |------------------------------------+-----------------+------------| | Market price of securities traded: | 216.220 | DKK | | | | | +-------------------------------------------------------------------+ Persons/entities under an obligation to report Persons or entities under an obligation to report are defined as members of the Executive Management and the Supervisory Board of H. Lundbeck A/S and persons/entities closely associated to them. Closely associated persons/entities means inter alia: * spouse or cohabitant * children below the age of 18 * legal entities in which the insider has a controlling influence The content of this release will have no influence on the Lundbeck Group's financial result for 2006. Lundbeck contacts Steen Juul Jensen Vice President +45 36 43 30 06 Investors: Media: Mads Bjerregaard Pedersen Caroline Broge Investor Relations Officer Media Relations Manager +45 36 43 41 04 +45 36 43 26 38 Jacob Tolstrup Investor Relations Manager, North America +1 201 350 0187 Stock Exchange Release No 249 - 28 November 2006 About Lundbeck H. Lundbeck A/S is an international pharmaceutical company engaged in the research and development, production, marketing and sale of drugs for the treatment of psychiatric and neurological disorders. In 2005, the company's revenue was DKK 9.1 billion (approximately EUR 1.2 billion or USD 1.5 billion). The number of employees is approximately 5,000 globally. For further information, please visit www.lundbeck.com


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Tisbury Capital | | | Management LLP | |------------------------------------------------+------------------| | Company dealt in | Corus Group Plc | |------------------------------------------------+------------------| | Class of relevant security to which the | 50p ordinary | | dealings being disclosed relate (Note 2) | | |------------------------------------------------+------------------| | Date of dealing | 27 November 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +-------------------------------------------------------------------+ | | Long | Short | | | | | |--------------------------------+-------------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |--------------------------------+------------+------+--------+-----| | (1) Relevant securities | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (2) Derivatives (other than | | | | | | options) | 19,860,480 | 2.21 | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | Total | 19,860,480 | 2.21 | | | | | | | | | +-------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +-------------------------------------------------------------------+ | Class of relevant security: | Long | Short | | | | | |-------------------------------------+--------------+--------------| | | Number | (%) | Number | (%) | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (1) Relevant securities | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |-------------------------------------+--------+-----+--------+-----| | Total | | | | | | | | | | | +-------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short | Number of securities | Price per | | name, | (Note 6) | (Note 7) | unit (Note 5) | | e.g. CFD | | | | |----------+------------+---------------------------+---------------| | CFD | Long | 500,000 | 499.3500 GBp | |----------+------------+---------------------------+---------------| | CFD | Long | 500,000 | 500.0700 GBp | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry|Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-------------------+--------+----------+------+--------------| | | | | | | | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) NO +-------------------------------------------------------------------+ | Date of disclosure | 28/11/2006 | |------------------------------------------------+------------------| | Contact name | Stephen Platts | |------------------------------------------------+------------------| | Telephone number | +44 20 7070 9635 | |------------------------------------------------+------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |------------------------------------------------+------------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Artumas Group Inc., is pleased to release its Interim Consolidated Financial Statements for the three and nine months ended September 30, 2006.


 

Bornheim bei Landau, November 28, 2006. At its meeting today, the Supervisory Board of HORNBACH-Baumarkt-AG appointed Susanne Jäger (41) to be a new member of the Board of Management with effect from December 1, 2006 and a contractual term of five years. Based on the proposal made by the Personnel Committee, Susanne Jäger, to date the Group Procurement Director responsible for the product area of decoration (paint/wallpaper/flooring), will assume responsibility for the "Operational Procurement" division. Her area of responsibility will include the management of regional merchandising and store development. The company's Board of Management will thus be enlarged from four to five members. The change in personnel is to be accompanied by a partial reallocation of management board responsibilities. Steffen Hornbach (Chairman of the Board of Management) will in future be responsible for the IT, logistics, communications and corporate development divisions. Manfred Valder will continue to be responsible for the Group's strategic procurement and will take over the operational management of the stores from Steffen Hornbach. The responsibilities of the CFO, Roland Pelka, and of the Marketing and Personnel Director, Jürgen Schröcker, will basically remain unchanged. Bornheim, November 28, 2006 Supervisory Board and Board of Management Contact: HORNBACH-Baumarkt-AG, Axel Müller, Investor Relations, Tel.: +49 6348 60 2444, Fax: +49 6348 60 4299, E-mail: axel.mueller@hornbach.com --- End of Ad-hoc Message --- WKN: 608440; ISIN: DE0006084403; Index: CDAX, Prime All Share, SDAX; Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse;


 

Nordic Business Report-November 28, 2006-Swedish industrial trading group G&L; Beijer AB acquires grinding and polishing materials operations of Logitool AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial trading group G&L Beijer AB said on Tuesday (28 November) that its business area Beijer Industriteknik has acquired the grinding and polishing materials operations of Logitool AB. The operations to be acquired represent an annual turnover of SEK4m, but the deal does not include any employees. The operations will be integrated into G&L Beijer Industri AB, where they will strengthen and complement existing operations, G&L Beijer said. G&L Beijer, headquartered in Malmo, Sweden, is a technology-oriented group active within refrigeration and industrial technology. The company reported sales of SEK2.33bn in 2005. G&L Beijer is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-TK Development A/S sells shopping centre in Poland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Danish property developer TK Development A/S said on Tuesday (28 November) that its subsidiary Euro Mall Holding has sold a 24,000 square metre shopping centre in Targowek, Poland to Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft mbH. The retail park was built by TK Development in 1998 and expanded in 2002. It now comprises 90 shops and is one of the most successful shopping centres in Poland. The shopping centre was acquired by Credit Suisse on behalf of real estate fund CS Property Dynamic for DKK235m. TK Development, headquartered in Aalborg in Denmark, is the parent company of TKD Nordeuropa and Euro Mall Holding. It has activities in Northern Europe, Poland, the Czech republic, Slovakia, Germany and Russia. TK Development is listed on the Nordic Exchange in Copenhagen. One British pound (GBP) is worth approximately 11.08 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Wihlborgs Fastigheter AB acquires property outside Copenhagen (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish property company Wihlborgs Fastigheter AB has acquired a 14,500 square metre office and warehouse property outside Copenhagen in Denmark, the company said on Tuesday (28 November). The property, which is unoccupied at the moment, was acquired for DKK52m. Wihlborgs Fastigheter focuses on commercial properties in the Oresund region and owns properties in Malmo, Helsingborg and Lund in Sweden, and in Copenhagen in Denmark. Wihlborgs Fastigheter is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 11.08 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Elliott Advisors (UK) | | | Ltd. | |-------------------------------------------+-----------------------| | Company dealt in | Corus Group PLC | |-------------------------------------------+-----------------------| | Class of relevant security to which the | Ordinary Shares | | dealings being disclosed relate (Note 2) | | |-------------------------------------------+-----------------------| | Date of dealing | 27 November 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +---------------------------------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+------------------------------------------+----------------------------------------------| | |Number |Number | | |(%) | (%) | |---------------+------------------------------------------+----------------------------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+------------------------------------------+----------------------------------------------| |(2) Derivatives|12,630,390 1.4055% | | |(other than | | | |options) | | | | | | | |---------------+------------------------------------------+----------------------------------------------| |(3) Options and| |3,500,000 0.3895% | |agreements to | | | |purchase/sell | | | | | | | |---------------+------------------------------------------+----------------------------------------------| |Total |12,630,390 1.4055% |3,500,000 0.3895% | | | | | +---------------------------------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +--------------------------------------------------------------------------------------------------------------+ |Class of relevant security: | Long | Short | | | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| | |Number |Number (%)| | | (%) | | |-----------------------------+-----------------------------+--------------------------------------------------| |(1) Relevant | | | |securities | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| |(2) Derivatives (other than | | | |options) | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| |(3) Options and agreements to| | | |purchase/sell | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| |Total | | | | | | | +--------------------------------------------------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short (Note | Number of securities | Price per | | name, | 6) | (Note 7) | unit (Note | | e.g. CFD | | | 5) | |----------+------------------+------------------------+------------| | | | | | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry |Option money | |name, |selling, |securities to |price |American, |Date |paid/received | |e.g. call|purchasing, |which the option | |European | |per unit (Note| |option |varying etc.|relates (Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-----------------+--------+----------+--------+--------------| |Call |Selling |1,000,000 |GBp 500 |American |16 March|28.00 | |Option | | | | |2007 | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) YES/NO +-------------------------------------------------------------------+ | Date of disclosure | 28 November 2006 | |------------------------------------------------+------------------| | Contact name | Philippa Rowan | |------------------------------------------------+------------------| | Telephone number | 0207 518 1818 | |------------------------------------------------+------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |------------------------------------------------+------------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Nordic Business Report-November 28, 2006-Nokia lowers its operating margin target (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) presented on Tuesday (28 November), at its annual Capital Market Days event, its forecasts for the industry and its financial targets for the next one to two years. Nokia expects industry mobile device volumes in 2007 to grow by up to 10% from the approximately 970m units estimated for 2006. The company expects the volume growth in 2007 to be above 15% in Asia Pacific, China, and the Middle East & Africa, and below 10% in Europe, Latin America and North America. Nokia also expects the device industry to experience value growth in 2007, but expects some decline in industry ASPs, which primarily reflects the increasing impact of the emerging markets and competitive factors in general. The company forecasts that the 3bn mobile subscriptions mark will be reached in 2007, instead of in 2008 as previously forecast. Nokia also sees slight growth in the mobile and fixed infrastructure and related services market in euro terms in 2007. Nokia has set its operating margin target to 15% during the next one to two years. The target is revised from the one to two year 17% operating margin target Nokia set in December 2005. Device (Mobile Phones and Multimedia combined) operating margin target is set to 17% during the next one to two years. This target is revised from the earlier one to two year 17-18% device operating margin target. By refreshing its design approach, introducing a consumer-category driven strategy to its product portfolio, and focusing its marketing spend, Nokia said it aims to reinforce its device market leadership and continue to further refine its mid-range portfolio. Nokia also expects to meet its previously stated target to reduce overall R&D expenditure to 9-10% of net sales by the end of 2006. In addition Nokia said that progress towards forming Nokia Siemens Networks is proceeding, with operations currently expected to commence in January 2007. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has nearly 59,000 employees worldwide, and reported net sales of EUR34.19bn in 2005. Nokia is listed on the Helsinki, Stockholm, Frankfurt and New York stock exchanges. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

New models offer balance of design and functionality for every lifestyle and budget Amsterdam, The Netherlands - At Nokia's annual Capital Market Days taking place in Amsterdam today, Nokia announced four new mobile phones including three mid-range models -- the Nokia 6300, Nokia 6290 and the Nokia 6086 -- as well as the Nokia 2626 targeted to consumers in entry markets. All four models are expected to begin shipping in the first quarter of 2007. Kai Oistamo, Executive Vice President and General Manager, Mobile Phones for Nokia unveiled the new models along with the company's vision for the next year. "These new products underscore our commitment to offer a range of mobile phones that give consumers a choice in selecting the right balance of technology and design to meet their lifestyle and budget." The four new mobile phones launched at Nokia Capital Market Days are: Nokia 6300 - Clean styling, compact size The Nokia 6300 is a mid-range model that represents an evolution of the modern monoblock design. Less than 13.1mm thin, the slim Nokia 6300 has a stainless steel frame that adds both design interest and strength. In addition to its organic curves and appealing design, the Nokia 6300 offers a robust range of easy-to-use features. The estimated retail price of the Nokia 6300 is ¤250 before subsidies or taxes. Nokia 6290 Smartphone - advanced technology made simple The Nokia 6290 smartphone combines the collective power of S60 3rd Edition and 3G in an easy-to-use, attractively designed package. It supports a number of practical new features, multiple alarms and handy Quick Cover access keys which enable instant access to a wide range of the device's useful features, including an interactive world travel application. The estimated retail price of the Nokia 6290 is ¤325 before subsidies or taxes. Nokia 6086 Cameraphone - Compelling feature set, seamless connectivity The Nokia 6086 allows consumers to stay in touch - in any environment. This quad-band GSM and UMA-enabled cameraphone hides its sophisticated circuitry in a classic design with a large keypad and intuitive user menu. The estimated retail price of the Nokia 6086 is ¤200 before subsidies or taxes. Nokia 2626 - Tune into style The Nokia 2626 is a colorful mobile phone designed for style-conscious consumers in emerging markets. The Nokia 2626 will be available in a range of bold colors, such as Fiery Red and Spatial Blue, and includes an FM radio for music on the go. The estimated retail price of the Nokia 2626 is ¤75 before subsidies or taxes. About Nokia Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. www.nokia.com. Media Enquiries: Nokia, Mobile Phones Communications Tel. +358 7180 69884 Nokia Communications Tel. +358 7180 34900 Email: press.office@nokia.com www.nokia.com Nokia Capital Market Days related press releases, product photos, event photos and broadcast material are available at: http://www.nokia.com/press/cmd2006 Nokia World related press releases, product photos, event photos and broadcast material are available at: http://www.nokia.com/nokiaworld/press


 

Nordic Business Report-November 28, 2006-Aker Kvaerner ASA signs syndicated bank facility of EUR700m (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA announced on Tuesday (28 November) that it has completed its previously announced refinancing programme. Aker Kvaerner was planning a syndicated bank facility of EUR600m, but as the programme attracted substantial market interest and was significantly oversubscribed, the facility was increased to EUR700m. "The refinancing of Aker Kvaerner will give a strong and flexible financing structure for the Group in the coming years," Aker Kvaerner said. Aker Kvaerner is headquartered in Lysaker in Norway. The company is 50.1%-owned by Norwegian industrial holding group Aker Group. It has 23,000 employees in over 30 countries. Aker Kvaerner is traded on Oslo Stock Exchange under the symbol AKVER. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Danish allergy vaccines producer ALK-Abello A/S signs distribution cooperation with Menarini Group (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Danish allergy vaccines producer ALK-Abello A/S said on Tuesday (28 November) that it has signed a cooperation agreement with Italian pharmaceutical company Menarini Group. Under the agreement the companies will co-promote, distribute and licence ALK-Abellos tablet-based grass pollen allergy vaccine GRAZAX in the United Kingdom, Belgium, Ireland and Luxembourg. In addition Menarini will receive the exclusive rights to promote, sell and distribute GRAZAX in Greece, Portugal, Poland, Czech Republic, Hungary, Slovenia, Slovakia, Latvia, Lithuania, Estonia, Cyprus and Malta, as well as in a number of non-EU countries. "Under the agreement, Menarini will purchase the products from ALK-Abello for sales in all the above-mentioned markets. In markets where GRAZAX is co-promoted, the companies will also share the profit proportional to their marketing efforts," ALK-Abello said. ALK-Abello, headquartered in Horsholm in Denmark, is a world-leading producer of allergy vaccines. It has more than 1,200 employees and subsidiaries in several European countries, the USA and China. ALK-Abello is listed on the Nordic Exchange in Copenhagen. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-European IT services group Steria wins NOK100m framework contract from Norwegian armed forces (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com European IT services provider Groupe Sterias Norwegian subsidiary Steria AS said on Tuesday (28 November) that it has secured a major framework contract from the Norwegian armed forces. The contract, estimated to be worth up to NOK100m during the first two years, covers development services for the Norwegian militarys secure ITC platforms, and includes operating support, maintenance and further development. The framework contract was initially signed for a firm period of two years, but can be extended by two one-year options. Steria, headquartered in Issy-les-Moulineaux in France, operates in 14 European countries. The company reported revenues of EUR1.17bn in 2005. Steria is listed on Euronext Paris under the ticker RIA. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Skanska acquires construction company Stamart in Slovakia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group Skanska said on Tuesday (28 November) that it has acquired construction company Stamart in Slovakia. Stamart, based in Martin, has 101 employees and reported sales of SEK275m in 2005. Stamarts customers include municipalities and international companies, such as KIA Motors and Peugeot/Citroen. Stamart will be included in Skanskas Czech unit. Skanska acquired Stamart from a group of private persons for an undisclosed sum. Skanska, headquartered in Solna, Sweden, is one of the worlds leading construction groups with some 54,000 employees in Europe, the US and Latin America. Skanska is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Swedish housing developer JM AB acquires building rights in central Stockholm (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish housing developer JM AB said on Tuesday (28 November) that its subsidiary AB Boratt has agreed to acquire building rights for some 200 residential units in central Stockholm, Sweden. Boratt is acquiring the rights from the local public transport company Storstockholms Lokaltrafik (SL) and the city of Stockholm for a total of approximately SEK220m. JM, headquartered in Stockholm, Sweden, is a leading Swedish housing developer with some 2,200 employees and an annual turnover of approximately SEK10bn. JM is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

(Sverige) Atea har fått i uppdrag att leverera hem-pc till Ikeas anställda. - Vi bedömde att Atea hade det bästa erbjudandet på marknaden, därför valde vi dem, säger Ingemar Hallberg, personalchef på Ikea. Atea har tidigare under två års tid levererat hem-pc till Ikea. Nu får de nytt förtroende. - Vi är mycket nöjda med Atea, säger Ingemar Hallberg. De har levererat högkvalitativa produkter och haft bra support. När de i vår nya hem-pc-upphandling lämnade en bra offert bedömde vi att det var den bästa affären för oss. - Vi är stolta över att ett av Sveriges mest välrenommerade företag ger oss förnyat förtroende, säger Lars Pettersson, VD Atea. Alla vet vilka höga kvalitetskrav Ikea har i alla led. Detta är därför ytterligare ett bevis för att vi har landets starkaste hem-pc-erbjudande. Atea står för alla leveranser i uppdraget, datorerna i affären kommer från HP. Atea har sedan 1996 levererat över 275 000 datorpaket till svenska hem och har flera av Sveriges största företag - däribland Volvo - som sina kunder. - En av nyckelfaktorerna i en lyckad hem-pc-affär är att inte belasta den egna administrationen med merarbete, säger Lars Pettersson. Vi har utvecklat stabila rutiner och flöden för att möta dessa krav. För mer information, kontakta: Lars Pettersson, VD Atea, +46 (0) 8-477 47 10, lars.pettersson@atea.com Ingemar Hallberg, personalchef Ikea, +46 (0) 708-13 81 39, ingemar.hallberg@memo.ikea.com Atea, Ementor och Topnordic är tillsammans Sveriges ledande obundna leverantör av IT-infrastruktur. Vi fortsätter göra IT-vardagen enklare för våra kunder och samlar från 1 januari 2007 verksamheterna under namnet Atea. Atea har 1000 medarbetare på 25 orter från Malmö i söder till Luleå i norr och en omsättning på 5300 MSEK. --- End of Message --- WKN: 884578 ; ISIN: NO0004822503; ;


 

Norse Energy Corp in parternership with Petrobras (Operator) and Queiroz Galvão Oil & Gas is pleased to announce the spud of the fourth production well on Manati Field. This well is being drilled by the PA 29, which was supporting the hook up operations. The third production well is under flow test. Operator (Petrobras) is still waiting for the Environmental Licenses from IBAMA and CRA (Federal environmental Agency and State Bahia environmental Agency) to start production. For further information please do not hesitate to contact: Contact person: Anders Kapstad Phone: +47 67 51 61 12 Cell: +47 918 17 442 Website: www.norseenergy.com


 

Nordic Business Report-November 28, 2006-Finnish AffectoGenimap Plc to acquire Swedish Intellibis Ab (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish extended business intelligence (XBI) solutions provider AffectoGenimap Plc said on Tuesday (28 November) that it has signed an agreement to acquire 100% of the share capital of Intellibis Ab, the leading specialised supplier of Business Intelligence (BI) solutions in Sweden. The acquisition of Intellibis will open the Swedish BI market to AffectoGenimap and enables a wider service to the Nordic customers. The debt-free value of the transaction to be paid now is EUR12.0m. Based on Intellibis performance in 2007 an earn-out of a maximum of EUR4.0m can be paid. Of the transaction price some EUR10m will be paid in cash and some EUR2.0m in AffectoGenimap shares, which are directed to the management of Intellibis. The main part of Intellibis revenue is generated through BI solutions built on Microsoft and Cognos technologies. Intellibis is estimated to have net sales of some EUR10.5m in 2006. The company has some 90 employees, most of which are located in Stockholm. AffectoGenimap builds highly customised IT solutions for its customers in Finland and the Baltic countries. AffectoGenimaps net sales were approximately EUR47m in 2005 and it has some 660 employees. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-KONE Corporation withdraws from plant to build joint venture elevator company in Russia (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish elevators and escalators maker KONE Corporation said on Tuesday (28 November) that KONE and Russian company KMZ Karacharovo Mechanical Factory have agreed to withdraw from their plans to set up a joint venture elevator company in Russia, as announced in April 2005. KONE and KMZ believe that in the current market situation their future development in the Russian elevator market is best pursued independently. However, the companies will continue their cooperation on the local Russian elevator market. KONE said that the Russian elevator market has grown significantly this year. During the first 9 months of 2006 KONEs Russian subsidiary has achieved over 50% growth in order intake compared to the corresponding period last year. "Encouraged by our strong growth this year, we have decided to take further steps to localise our activities in Russia. We will strengthen our distribution network and develop our product portfolio to meet local needs even better. In addition, KONE will continue to study the feasibility of localizing elevator assembly in Russia", said Klaus Cawen, Executive Vice President of KONE. KONE, headquartered in Espoo, Finland, is one of the worlds leading elevator and escalator companies. The company has 27,000 employees and reported sales of EUR3.2bn in 2005. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nokia updates its targets and outlines its refined strategy Amsterdam, The Netherlands - Today, at its annual Capital Market Days event, Nokia presented its forecasts for the industry and its financial targets for the next one to two years. In his keynote presentation, Nokia President and CEO Olli-Pekka Kallasvuo said, "To enjoy the full benefits of the continuing growth of the global device market that Nokia expects, we've made a number of important strategic moves and organizational changes, and have put our marketing and design efforts into a sharper focus. With these changes, and more to come, we believe Nokia has the power to build a further improved portfolio of devices that raises industry standards to a whole new level." Kallasvuo also described the unique opportunity he believes Nokia has to mobilize the internet for the mass market. "With an estimated 850 million Nokia device users out there, we are positioned to connect more people to the internet than any other company in the world. We are actively aligning our strategy in pursuit of this major business opportunity." Nokia forecasts for the industry: - Nokia expects industry mobile device volumes in 2007 to grow by up to 10% from the approximately 970 million units Nokia estimates for 2006. We expect the volume growth in 2007 to be above 15% in Asia Pacific, China, and Middle East & Africa, and below 10% in Europe, Latin America and North America. - Nokia expects the device industry to experience value growth in 2007, but expects some decline in industry ASPs, primarily reflecting the increasing impact of the emerging markets and competitive factors in general. - Nokia now forecasts that the three billion mobile subscriptions mark will be reached in 2007, instead of in 2008 as Nokia forecasted previously. - Nokia expects slight growth in the mobile and fixed infrastructure and related services market in euro terms in 2007. Nokia financial targets: - Nokia operating margin target of 15% during the next one to two years. This target is revised from the one to two year 17% operating margin target Nokia set in December 2005, primarily due to Nokia's increased exposure to the infrastructure market following the expected start of operations of Nokia Siemens Networks. - Device (Mobile Phones and Multimedia combined) operating margin target of 17% during the next one to two years. This target is revised from the one to two year 17%-18% device operating margin target Nokia set in December 2005. - Nokia Siemens Networks operating margin target of 10% plus during the next one to two years. Nokia Siemens Networks maintains its target to achieve a double digit operating margin by year end 2007, before restructuring charges. - Nokia targets an improvement in the ratio of Nokia gross margin to R&D expenses and an improvement in the ratio of Nokia gross margin to sales and marketing expenses in 2007, compared to 2006. - Nokia expects to meet its previously stated target to reduce overall R&D expenditure to 9%-10% of net sales by the end of 2006. Other Nokia targets: - Share gains in devices in 2007. Mobile Phones Nokia outlined the leading position of its entry-level devices in the world's emerging markets and presented its new strategic priorities for device development. The company said that in its development efforts it will pay special attention to certain selected devices, a move that comes together with a number of other changes. By refreshing its design approach, introducing a consumer-category driven strategy to its product portfolio, and focusing its marketing spend, Nokia aims to reinforce its device market leadership and continue to further refine its mid-range portfolio. Multimedia Nokia described its objective to capitalize on digital convergence by capturing value from traditional single-purposed product categories - such as music players, cameras and pocketable computers - with its Nokia Nseries multimedia computers. Nokia has an estimated market share of approximately 50% of the converged device segment* into which its multimedia computers fall. This makes Nokia the clear leader of the converged device market, which is expected to reach almost 100 million units in 2006**. Enterprise Solutions Nokia outlined its competitive position and opportunities in the nascent enterprise market. To date, the Nokia Eseries of business devices have been ranged by more than 160 operators globally and over 1.6 million units have been shipped. Nokia has also sold more than one million licenses for its Intellisync Mobile Suite email solution to date. With its growing portfolio of Nokia Eseries devices, as well as its open and extensible mobileware, multi-channel distribution system and scale benefits, Nokia believes it has all the building blocks for success in this market. Networks Nokia said that progress towards forming Nokia Siemens Networks is proceeding, with operations currently expected to commence in January 2007. The transaction has been given US and EU anti-trust approvals; the new company's governance model, global mode of operation and organizational structure have all been defined; and the estimated cost synergies of EUR 1.5 billion annually by 2010 have been identified. *Source: Gartner, September 2006 **Source: Gartner, August 2006 The first day of presentations at Nokia Capital Market Days will be webcast live at: www.nokia.com/press/cmd2006 It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding: A) the timing of product and solution deliveries; B) our ability to develop, implement and commercialize new products, solutions and technologies; C) expectations regarding market growth, developments and structural changes; D) expectations regarding our mobile device volume growth, market share, prices and margins; E) expectations and targets for our results of operations; F) the outcome of pending and threatened litigation; G) expected timing, scope and effects, including estimated cost synergies, of the merger of Nokia's and Siemens' communications service provider businesses; and H) statements preceded by "believe," "expect," "anticipate," "foresee," "target," "estimate," "designed," "plans," "will" or similar expressions are forward-looking statements. Because these statements involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) the extent of the growth of the mobile communications industry, as well as the growth and profitability of the new market segments within that industry which we target; 2) the availability of new products and services by network operators and other market participants; 3) our ability to identify key market trends and to respond timely and successfully to the needs of our customers; 4) the impact of changes in technology and our ability to develop or otherwise acquire complex technologies as required by the market, with full rights needed to use; 5) competitiveness of our product portfolio; 6) timely and successful commercialization of new advanced products and solutions; 7) price erosion and cost management; 8) the intensity of competition in the mobile communications industry and our ability to maintain or improve our market position and respond to changes in the competitive landscape; 9) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products and solutions; 10) inventory management risks resulting from shifts in market demand; 11) our ability to source quality components without interruption and at acceptable prices; 12) our success in collaboration arrangements relating to development of technologies or new products and solutions; 13) the success, financial condition and performance of our collaboration partners, suppliers and customers; 14) any disruption to information technology systems and networks that our operations rely on; 15) our ability to protect the complex technologies that we or others develop or that we license from claims that we have infringed third parties' intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products and solution offerings; 16) general economic conditions globally and, in particular, economic or political turmoil in emerging market countries where we do business; 17) developments under large, multi-year contracts or in relation to major customers; 18) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Chinese yuan, the UK pound sterling and the Japanese yen; 19) the management of our customer financing exposure; 20) our ability to recruit, retain and develop appropriately skilled employees; 21) the impact of changes in government policies, laws or regulations; and 22) satisfaction of the conditions to the merger of Nokia's and Siemens' communications service provider businesses, and closing of transaction, and Nokia's and Siemens' ability to successfully integrate the operations and employees of their respective businesses; as well as 23) the risk factors specified on pages 12 - 22 of the company's annual report on Form 20-F for the year ended December 31, 2005 under "Item 3.D Risk Factors." Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Media and Investor Enquiries: Nokia Communications Tel. +358 7180 34900 Email: press.office@nokia.com Investor Relations, Europe Tel. +358 7180 34289 Investor Relations, US Tel. +1 914 368 0555 www.nokia.com


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are set to open slightly lower Tuesday after Mondays sell-off, with traders expected to hold back ahead of a bundle of major economic numbers, says Martin Slaney at spreadbetter GFT Global Markets. Many traders are concerned that U.S. home sales and consumer confidence data could indicate the housing slump not only has further to go but is finally taking a major toll on the economy, says Slaney. "The durables report and (Federal Reserve Chairman Ben) Bernankes thoughts on the state of the economy," he adds. GFT Global Markets is calling the DJIA to open down 4 points at 12,117, the S&P 500 down 0.4 points at 1381.5 and the Nasdaq 100 down 0.8 points at 1774.3. EUROPEAN MARKETS: European markets are lower midday, with Wall Streets heavy losses Monday, concerns over dollar weakness and crude oil prices above $60 barrel continuing to exert downward pressure. Londons FTSE 100 is down 0.1% at 6044.60, weighed down by several heavyweights such as banking group Barclays, insurance giant Old Mutual and water utility Kelda Group. In Frankfurt, the DAX is down 0.2% at 6284.97, amid aggressive profit-taking following Wall Streets poor performance and with the weaker dollar weighing on the market, traders say. In Paris, the CAC 40 is down nearly 0.1% at 5305.21. Bunds are higher, tracking movements in U.S. Treasurys amid support from a strong euro, while gilts remain flat after the GBP1 billion auction of index-linked gilts due 2027. December bunds are up 0.11 at 118.28 and December gilts remain at Mondays close of 109.60. At 1130 GMT, the dollar rallied back to Y116.30 from Y116.10 late Monday, holding its ground against a yen weakened by reduced expectations of a Japanese rate hike before the years end. The euro rose to $1.3150 from $1.3130, while the pound strengthened to $1.9440 from $1.9370. =========================== TOP STORIES: IBERDROLA TO BUY SCOTTISH POWER FOR GBP11.6B: Spanish utility Iberdrola SA (IBE.MC) agreed to buy U.K. utility Scottish Power PLC (SPI) in a combination of cash and shares that values the Scottish utility at GBP11.6 billion. (News Snap by Alex MacDonald) OLD MUTUAL 9MO ADJUSTED OPER PFT AT GBP1.06B: Old Mutual PLC (OML.LN) turned in an adjusted operating profit for the first nine months of the year of GBP1.06 billion, slightly below market expectations. (News Snap by Robb M. Stewart) EURO-ZONE OCT M3 +8.5% ON YR VS +8.5% IN SEP: Money supply in the euro zone continued to overshoot the European Central Banks reference value in October and increased on the year from September, meaning the European Central Bank will stay on course to raise interest rates next week. (Data Snap by Christian Vits) ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: If expected strong Swiss economic data later this week fail to help the Swiss franc extend its recent gains, then international developments may do the trick instead. (By Nicholas Hastings) =CHARTING EUROPE: The euro made a new all-time high against the yen at Y153.01 Tuesday and is expected to continue its strong upward trend in the days ahead. (By Axel Rudolph) =========================== STILL TO COME COUNTRY PERIOD ET/GMT 0745/1245 US Nov 25 ICSC Chain Store Sales 0830/1330 US Oct Durable Goods 0855/1355 US Nov 25 Redbook Retail Sales Index 1000/1500 US Oct Existing Home Sales 1000/1500 US Nov Richmond Fed Mfg Index 1000/1500 US Nov Conference Board Consumer Confidence Index 1030/1530 EU ECB Long-Term Refi Ops Bids 1230/1730 US Ex-Fed Chmn Greenspan speaks at an investors conference in New York 1230/1730 US Philadelphia Fed Pres Plosser speaks on the economy in Rochester, N.Y. 1230/1730 US Fed Chairman Bernanke speaks on the economic outlook in New York 1630/2130 US Chicago Fed Pres Moskow speaks on the U.S. economic outlook at a Dow Jones Indexes panel discussion in Chicago 1700/2200 US Nov 26 ABC/Washington Post Consumer Confidence Index =========================== OTHER NEWS: Barclays PLC (BCS) said in a trading update that its U.K. banking and investment banking businesses had performed well, although its Barclaycard credit card unit continued to see growth in impairment charges on higher insolvencies. (By Victoria Howley) German airline Air Berlin PLC (AB1.XE) reported improved third-quarter earnings and sales due mostly to the consolidation of its recent acquisition of rival dba. (By Jan Hromadko) Scandinavian airline SAS AB (SAS.SK) spun off its Belgium-based Rezidor Hotel Group AB (REZT), booking a capital gain of nearly SEK5 billion in the process. (By Adam Ewing) Akzo Nobel NV (AKZOY) surprised investors by announcing the end of its partnership with Pfizer Inc (PFE) in developing the new drug asenapine, but said it would continue work on the potential blockbuster itself. (By Tjeerd Wiersma) Water utility Kelda Group PLC (KEL.LN) said it posted a 10.6% rise in first half profit before tax from continuing operations, and said it would return GBP750 million to shareholders following the disposal of its U.S water business, Aquarion. (By Alex MacDonald) U.K. residential property company Grainger Trust PLC (GRI.LN) reported a 20% increase in full year net asset value per share, due to strong valuation uplift from a booming residential property market, and said it will look to joint ventures to grow the company in future. (By Molly Dover) U.K.-based banknote printer De La Rue (DLAR.LN) said first-half pretax pre-items profit rose 43%, supported by higher sales and improved core activities. (By Anita Likus) ITV PLC (ITV.LN) confirmed it was poaching its new chief from the BBC. It also scrapped its share buyback scheme. (By Elena Berton) Swiss drugmaker Novartis AG (NVS) said it has submitted a bone and a cancer drug for regulatory approval earlier than planned, and added that it is starting late-stage testing on five experimental medicines. (By Anita Greil) German retail conglomerate KarstadtQuelle AG (KAR.XE) announced plans for either an initial public offering or a sale of its struggling mail-order unit Neckermann. (By Archibal Preuschat and Jan Hromadko) Societe Generale SA (13080.FR) Chairman and Chief Executive Daniel Bouton said that Euronext NVs (29064.AE) plan to merge with the NYSE Group Inc. (NYX) is a good move for Paris as a financial center. (By Digby Larner)


 

KONE Corporation, Press Release, 28 November, 2006 at 1 p.m. Finnish time KONE Corporation and KMZ Karacharovo Mechanical Factory have agreed to withdraw from their plans to set up a joint venture elevator company in Russia, which was announced by the parties in April 2005. KONE and KMZ believe that in the current market situation their future development on the Russian elevator market is best pursued independently. KONE and KMZ will, however, continue their cooperation on the local Russian elevator market. The Russian elevator market has grown significantly this year. During the first 9 months of 2006, KONE's Russian subsidiary has achieved over 50% growth in order intake compared to the corresponding period last year. This growth has been achieved in several segments including Moscow's fast growing major projects. "Encouraged by our strong growth this year, we have decided to take further steps to localize our activities in Russia. We will strengthen our distribution network and develop our product portfolio to meet local needs even better. In addition, KONE will continue to study the feasibility of localizing elevator assembly in Russia", concludes Executive Vice President Klaus Cawén. Sender: KONE Corporation Klaus Cawén Executive Vice President Minna Mars Senior Vice President, Corporate Communications & IR For further information, please contact: Klaus Cawén, EVP, tel.+358 204 75 4492 KONE is one of the world's leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators and innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2005, KONE had annual net sales of EUR 3.2 billion and about 27,000 employees. Its class B shares are listed on the Helsinki Stock Exchange. www.kone.com


 

London/Frankfurt (IFN) Fitch Ratings has today affirmed Iceland-based Landsbanki Islands ("Landsbanki") ratings at Issuer Default of A, Short-term F1, Individual B/C, and Support 2. The Outlook on the Issuer Default rating is Stable.The ratings reflect Landsbankis strong franchise in its domestic market and its greaterearnings diversification, to a large extent a result of the banks expansion overseas. Theyalso take into account the banks prudent provisioning policies and high capitalisation, aswell as its still large, although decreasing, equity portfolio, its exposure to the volatileIcelandic market and its high reliance on capital markets funding. Landsbanki remains relatively dominated by its domestic market, which accounts for around 55%-60% of the groups staff, income and lending. Iceland, given its small size, is vulnerable to shocks. In addition, in early 2006, the significant macro-economic imbalances in Iceland caused some concerns; the Icelandic banks experienced turbulences in the international capital markets, resulting in higher funding costs for the banks.However, through its London branch and various acquisitions made since 2000, Landsbanki has increased its presence in the UK and in continental Europe generally. Landsbanki has been building up a European lending platform as well as a pan-European investment banking services platform for mid-caps.Its recent acquisitions of several brokerage and corporate advisory companies have significantly enhanced Landsbankis product range in corporate and investment banking, including M&A advisory, debt financing and placement capabilities, now offered in most of Europes major financial centres. As a result, Landsbankis income-generating capacity and quality of earnings have improved significantly. Revenues have become increasingly diversified in terms of geography and product mix, although a large part of its fee income is now reliant on capital markets developments.Fitch expects Landsbanki to be able to leverage its foreign platform to achieve further growth; this should offset the volatility of its domestic market and higher funding costs if the negative market sentiment experienced since early 2006 were to persist. One of the banks focuses is to reduce its high reliance on wholesale funding, as reflected by the recent acquisition of an offshore customer deposit base in Guernsey.In addition, the bank has actively reduced and diversified its historically large equity portfolio following the sale of most of Landsbankis stake in Straumur-Burdaras Investment Bank in October 2006 (at that time its largest equity holding): taking this into account, its equity portfolio still represents a high 30% of Landsbankis end-September 2006 equity. In Fitchs view, the banks high capitalisation and prudent provisioning policies provide some buffer and comfort were the Icelandic economy to deteriorate.Landsbanki is Icelands second-largest bank by total assets but has the largest franchise in its domestic market, with strong market shares. Overseas, it is developing its UK and European corporate and investment banking franchise (mostly through acquisitions) and now provides research coverage of 800 small and medium-sized companies in Europe.


 

28 November 2006 - The refinancing of Aker Kværner ASA announced on the 24th of October has been successfully concluded. The syndication of the bank facility of EUR 600 million has attracted substantial interest in the market and was significantly oversubscribed. Aker Kværner has therefore decided to increase this facility to EUR 750 million. The issuance of the NOK denominated bonds were launched on the 15th of November. The bonds have been very well received in the market and Aker Kværner decided to close the books mid last week with a total amount of NOK 1.6 billion. The split in the 3, 5 and 7 years tranches were 500MNOK, 650MNOK and 450MNOK respectively. Payment date is the 1st of December 2006. Aker Kværner will consider further issuances in the bond market at a later stage. Aker Kværner has today also formally called the subordinated bond to be redeemed at the price of 101,2% of the principal loan amount as agreed in the bondholders meeting November 9. Furthermore, Aker Kværner will neutralise the existing EUR 260 million bond notes through a satisfaction and discharge as previously announced. The above transactions will take place on the 1st of December 2006. The refinancing of Aker Kværner will give a strong and flexible financing structure for the Group in the coming years. ENDS For further information, please contact: For Aker Kvaerner ASA: Media: Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 92 88 55 42 Investor relations: Lasse Torkildsen, VP Investor Relations, Aker Kvaerner, Tel: +47 67 51 30 39, Mob: +47 91 13 71 94 Treasury: Jan B. Kjærvik, SVP Treasury, Aker Kvaerner, Tel: +47 67 51 30 38, Mob: +47 90 15 77 23 Lysaker, 28 November 2006


 

Nordic Business Report-November 28, 2006-Atria Group Plc makes an offer to Swedish Meats Cooperative (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish food processing company Atria Group Plc said on Tuesday (28 November) that it is proposing to acquire the processed meats operations of Swedish meat company Swedish Meats Cooperative with a target of combining the processed meat businesses of Swedish Meats and Atria Sweden (Lithells). Atrias proposal enables the owners of Swedish Meats to maintain control and ownership of the key business of Swedish Meats Cooperative including the slaughtering and cutting operations. In addition Atria is prepared to invest in a minority share of up to 20% in the slaughtering and cutting operations. Atria said that it has a strong interest in developing its Swedish operation, which currently has a number 2 position in terms of turnover in processed meats in the Swedish meat market with the well known brands of Lithells and Sibylla. The proposal consists of a cash payment of SEK851m, the issue of 2,300,000 preferred class A shares of Atria and the issue of 396,000 non-listed ordinary class K II shares of Atria. The purchase consideration on enterprise value basis totals some SEK1.3bn. With the above purchase consideration Swedish Meat Cooperatives share of all the shares in Atria would be some 10.8% and its share of all the votes in Atria some 5.6%. Atria said that the background to the offer is a lively debate about the future ownership arrangements of Swedish Meats. Atrias Finnish competitor HK Ruokatalo Oyj had previously announced that it had agreed to acquire Swedish Meats. Atria Group, headquartered in Nurmo in Finland, is the largest manufacturer of meat products in the Baltic Sea area. The group has over 5,000 employees and an annual turnover of approximately EUR980m. Atria Group is listed on the Nordic Exchange in Helsinki. Swedish Meats is the largest meat industry company in Sweden, holding a 65% share of slaughter and 40% share of meat processing in Sweden. Owned by 22,500 Swedish livestock farmers, the company has 17 production plants and some 3,500 employees. HK Ruokatalo Group, headquartered in Turku, Finland, produces, sells and markets meat products, poultry meat, processed meat products and convenience foods. The group has business activities in Finland, Estonia, Latvia, Lithuania, Russia and Poland. The group reported revenue of EUR883.3m in 2005 and it employs some 4,300 people in Finland and the Baltics, while the Polish associate Sokolow has some 5,000 employees. HK Ruokatalo Group is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Finnish Vacon Plc signs global cooperation agreement with Converteam (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish frequency converters manufacturer Vacon Plc said on Tuesday (28 November) that it has entered into a global cooperation agreement with Converteam, an international company developing systems and customised solutions for the conversion of electrical energy. Under the terms of the agreement Vacon will supply low voltage air-cooled AC drives to Converteam worldwide. The arrangement is in line with Vacons strategy of building strong cooperation with system integrators, for which the companys independent position as a low-voltage AC drives supplier provides excellent possibilities. Converteam group, a former division of ALSTOM, is a world leading engineering company specialising in power conversion. In addition to its core businesses in Marine & Offshore, Oil & Gas, Process Industries and the Renewables sectors, it serves a number of specialised markets. The company has 3,500 employees worldwide. Vacon Group is headquartered in Vaasa, Finland. In 2005 the groups revenues totalled EUR149.9m. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjavik (IFN) Nordic countries might need tighter fiscal and monetary policies to keep their fast-growing economies from overheating, the Organization for Economic Cooperation and Development said Tuesday.The Paris-based organization increased its growth forecasts for Sweden, Norway, and Finland after the region led European growth trends over the past year. But it also lowered growth expectations for Icelands fast-decelerating economy.The OECD said it now expected Swedens GDP to expand 4.3% in 2006 from a previous estimate of 3.9%, largely driven by domestic demand.The think tank also hiked its 2007 forecast for Sweden to 3.6% from 3.3%, but said growth would then slow to 2.9% in 2008.Inflation is expected to accelerate to a 2.2% annual rate in 2007 from 1.4% this year, the OECD said. The outlook represents an upward revision from 1.0% in 2006 and 2.1% in 2007 forecast in its previous report.Initiatives by the new government, elected Sept. 17, to draw more long-term unemployed into the labor market will succeed in expanding the labor force, the OECD said, with unemployment seen at 5.5% in 2006, 5.3% in 2007 and 4.3% in 2008. As a result, wage growth is projected to rise, which in turn is seen pushing inflation above the Swedish Riksbanks 2% target.The OECD advises the Riksbank to increase interest rates further to dampen inflation and counteract the stimulative effect of income tax cuts which come into effect next year.


 

(More to follow)


 

Wide range of e-books, online journals and databases, solutions and editorial information services are amongst highlighted initiatives London, United Kingdom (November 28, 2006) - Wolters Kluwer, a leading global information services and publishing company is joining information professionals at the world's primary event for online content and information management solutions, Online Information 2006. At its stands at the Olympia Grand Hall (# 518 and 520) a comprehensive range of online products, services, and solutions will be demonstrated. Held annually in London, Online Information exhibition and conference starts at 10:00 am today and runs through November 30. More than 10,000 information professionals, including librarians, researchers, publishers, IT professionals, content managers, and business professionals attend the exhibition. Wolters Kluwer staff and representatives will be available for hands-on demonstrations and product presentations from brand leaders such as Ovid, Lippincott Williams & Wilkins, Adis, Croner, Kluwer, Lamy, and CCH. On Wednesday, November 29 at 14:15 p.m., Pedja Pavlicic, Director, Technology Product Management at Ovid Technologies will present "Delivering Medical Information at the Point-of-care" at the free seminar in Theatre A. Throughout the event, several of Wolters Kluwer's most pioneering products such as ClinicaResource@Ovid, ProVation MD, Adis R&D Insight, Navigator, Croner-i, and Lamyline Reflex will be shown. Ovid Technologies, part of Wolters Kluwer Health and a global leader in electronic medical, scientific, and academic information research solutions, will be promoting its new Lippincott Williams & Wilkins (LWW) Journal Legacy Archive, which includes more than 220 medical, nursing and healthcare titles that date back as far as the 1820s. The 4 million pages in the LWW Journal Legacy Archive includes just under 1 million articles of original research, reviews, notes, letters, case studies, and supplements, from approximately 35,000 journal issues. Many articles in the collection introduced groundbreaking theories and techniques to the scientific community when they were first published and are still frequently cited by today's researchers. In addition the value the LWW Journal Legacy Archive provides in the research process, it can save more than 1 mile of library shelf space. Ovid will also offer two biosciences archives, the BIOSIS Archive and Zoological Record Archive, on the Ovid platform by the end of 2006. Exhibition and conference attendees can schedule meetings in advance by email at online@wolterskluwer.com. For more information on Wolters Kluwer's participation at Online Information, please contact info@wolterskluwer.com. About Wolters Kluwer Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2005) of ¤3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com. Media Caroline Wouters Vice President, Corporate Communications Wolters Kluwer nv +31 20 6070 459 press@wolterskluwer.com Investors/Analysts Oya Yavuz Vice President, Investor Relations Wolters Kluwer nv +31 20 6070 407 ir@wolterskluwer.com


 

FORM 8.1/8.3 IRISH TAKEOVER PANEL Lodge with the Irish Stock Exchange (Company Announcements Office) (which will publicise) and the Panel. Date of disclosure: 28th November 2006 DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH TAKEOVER PANEL ACT 1997, (TAKEOVER) RULES, 1997 Date of dealing: 27th November 2006 Dealing in: Aer Lingus (1) Class of securities (e.g. ordinary shares): Ordinary (2) Amount bought Amount sold Price per unit 2,974 ¤ 2.67 (3) Resultant total of the same class owned or 8,856,400 controlled: (and percentage of class): (1.67 %) * (4) Party making disclosure: * Bank of Ireland Group and its Subsidiaries (5) Either (a) Name of purchaser/ vendor: (Note 1) Or (b) If dealing for discretionary Bank of Ireland Asset client(s), name of fund Management Ltd management organisation: (6) Reason for disclosure (Note 2) (a) (i) offeror or associate of offeror (Note 3) NO (ii) offeree or associate of offeree NO Specify which category or categories of associate ((a) to (l) page 3 /4): If category (l), explain: (b) Rule 8.3 (i.e. disclosure because of ownership or control of YES 1% or more of the class of relevant securities dealt in): Signed, for and on behalf of the party named in (4) above: (Also print name of Tracy Byrne signatory): Bank of Ireland Group Regulatory Risk & Compliance Telephone and extension +353-1-6043497 number: ---END OF MESSAGE---


 

(Oslo, 28 November 2006) EDB has been awarded a prize for the best report on corporate governance. The prize is awarded by the Norwegian Corporate Governance Board (NUES), which awards this prize annually to the company listed on the Oslo stock exchange that produces the best report on corporate governance in its annual report for the preceding year. "We very much appreciate the recognition that this prize represents. EDB has put a lot of detailed effort into following the recommendations on corporate governance issued by the Norwegian Corporate Governance Board. We believe that a clear delineation of roles between shareholders, the Board of Directors and the company's executive management strengthens confidence in the company and helps to ensure the best possible value creation over the longer term. Winning this prize is an inspiration for us to continue this important work on corporate governance", comments Bjarne Aamodt, Chairman of the Board of Directors of EDB. The Norwegian Corporate Governance Board mentioned the following factors as part of the background to its decision to award this year's prize to EDB: * The board's report on corporate governance in the EDB Business Partner annual report was comprehensive, well set out and approachable, while at the same time it was expressed in precise and carefully considered terms. * The report follows the structure of the Norwegian Code of Practice on Corporate Governance, and addresses all the recommendations that make up the Norwegian Code. * EDB Business Partner took advantage of the opportunity offered by the Code to refer to supplementary information elsewhere. The report included useful references to the company's articles of association (which are provided in full in the annual report), to specific pages in the annual report, to the notes to the annual accounts and to pages on the company's website. * EDB Business Partner's overall presentation of corporate governance makes it easy for shareholders and readers in general to understand the company's approach to corporate governance and its policies in this area. The prize will be awarded at the Corporate Governance Forum to be held in Oslo today. The purpose of the prize is to boost awareness of the Norwegian Code of Practice on Corporate Governance and increase its impact, as well as inspiring listed companies to improve their reporting in this area. For further information contact: Torgeir Kristiansen, Head of Information, EDB. Tel: +47 901 27 909 EDB Business Partner is a leading stock exchange listed IT group for the Nordic region. The group has 3,900 employees and reported turnover of NOK 4.8 billion in 2005. EDB delivers solutions that cover the entire range of business critical IT services from application services and industry-specific solutions through to IT operating services and network solutions.


 

Nordic Business Report-November 28, 2006-BioTie Therapies Corporation signs major agreement with H Lundbeck A/S (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish pharmaceutical company BioTie Therapies Corporation said on Monday (27 November) that it has signed an agreement with Danish pharmaceutical company H Lundbeck A/S on worldwide rights for nalmefene, excluding North America, Mexico, the United Kingdom, Ireland, Turkey, and South-Korea. Under the terms of the agreement BioTie has granted Lundbeck an exclusive license to market and distribute nalmefene as a prescription medicine for the treatment of substance abuse disorders and impulse control disorders. BioTie will receive an execution fee of EUR15m, of which EUR10m is payable on signing. The license enters into force in 2007. In total BioTie is eligible for up to EUR88m in upfront and milestone payments plus royalty on sales. Lundbeck will be responsible for manufacturing and registration of the product in its territory. Nalmefene is a specific opioid receptor antagonist. Nalmefene is the first oral drug showing efficacy in reducing heavy drinking in multicenter, controlled studies. H. Lundbeck A/S is engaged in the research and development, production, marketing and sale of drugs for the treatment of psychiatric and neurological disorders. In 2005 the companys revenue was some EUR1.2bn and it has some 5,000 employees globally. BioTie Therapies, headquartered in Turku, Finland, is a drug development biotechnology company with a focus on dependence disorders, inflammatory diseases and thrombosis. The company is listed on the Nordic Exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-SAS announces offer price and commencement of trade for Rezidor Hotel Group AB (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Scandinavian airline SAS Group announced on Tuesday (28 November) the offer price and commencement of trading for its 75%-owned subsidiary Rezidor Hotel Group AB on the Stockholm Stock Exchange. Following a book-building process the offer price has been set at SEK 52 per share. At the offer price, the market capitalisation of Rezidor is SEK7.8bn. The offer comprises a total of 97,501,326 shares, assuming full exercise of the over-allotment option, corresponding to 65% of the total outstanding share capital and votes of Rezidor. The total value of the offer, including the over-allotment option, amounts to SEK5.07bn. SAS has also agreed to sell 15,000,204 shares, corresponding to 10% of Rezidor, to Carlson Hotels Worldwide Inc for a total consideration of SEK780m. As a result Carlson will increase its stake in Rezidor from 25% to 35%. Assuming the over-allotment option is exercised in full SAS will not hold any shares in Rezidor. If the over-allotment option is not exercised in full SAS will hold up to some 8.5% of the shares in Rezidor. Rezidor Hotel Group, headquartered in Brussels, Belgium, has a portfolio of 272 hotels in operation or under development in 47 countries. SAS AB, headquartered in Stockholm, Sweden, is the Nordic regions largest listed airline and travel group. The SAS Group offers air transport and related services from its base in Northern Europe. The group also includes hotel operations with Rezidor SAS Hospitality. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.70 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Please find enclosed the presentation of the Interim Results for the Quarter ended September 30 2006, held in the morning on Tuesday November 28, on the below link. Oslo November 28, 2006 Cathrine Fosse


 

On Wednesday 6 December at 20:30, part of the cast of 'Déjà vu' will ascend the red carpet of France's largest cinema complex, Kinepolis Le Château du Cinéma in Lomme (Lille). Using digital technology, the Kinepolis Group will be simultaneously broadcasting the arrival of the stars and the 'meet and greet' with the public in Lomme to a large number of Belgian and French Kinepolis cinemas. From Brussels to Nîmes and from Liege to Mulhouse, some 5000 visitors will enjoy this technological tour de force live. Premiere for Kinepolis The fact that Buena Vista International chose Kinepolis Lomme to preview the new Tony Scott action thriller 'Déjà vu' is a premiere for France. It is the first time that American actors will attend a preview in France outside of Paris: a significant boost for the Kinepolis Group, which will be putting all of its technological expertise to use for the event. The entire happening (from the introduction in the auditorium in Lomme by a journalist to the walk down the red carpet by the cast, and the 'meet and greet' with the audience in Lomme) will be broadcast live to a large number of Belgian and French Kinepolis complexes. All of this thanks to the digital technology of Kinepolis. HDDC In bringing this super-production to Lomme, the Kinepolis Group had two trump cards it was able to play: the digital technology being used and its considerable experience in organising such events. Concerning the digital technology, Kinepolis Group is among a select group of cinemas in the world capable of providing digital cinema. It uses revolutionary DLP (Digital Light Processing) technology to broadcast the HDDC productions. The group has a large number of digital projectors in Belgium, France and Spain. In addition to digital Hollywood productions, film fans can now also experience alternative content in digital format such as prestigious events, television series, live concerts, sporting events and gaming on the big screen.


 

Brussels - November 28, 2006 - RHJ International (the "Company"), a limited liability company organized under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, announces, today, that D&M Holdings Inc. has signed a definitive agreement to acquire Philips Sound Solutions (PSS) of Royal Philips Electronics (NYSE:PHG, AEX:PHI). A translation in English of the announcement published by D&M Holdings Inc. in Tokyo on November 28, 2006, is attached. D&M Holdings Inc. (www.dm-holdings.com) is one of the current seven portfolio companies of the Company. D&M Holdings Inc. manufactures markets and sells premium audio-visual systems and components and digital entertainment home networking products for home and professional use. D&M Holdings Inc. markets these products under its brand names Denon, Marantz, McIntosh Laboratory, Boston Acoustics, Snell Acoustics, D&M Professional, Denon DJ, Replay TV®, Rio® and Escient®. D&M Holdings Inc. is listed on the second section of the Tokyo Stock Exchange under the ticker 6735. The Company currently holds approximately 51.3% of D&M Holdings Inc.'s issued and outstanding shares (not including the exercise of any stock acquisition rights). DISCLAIMER This announcement does not constitute an offer or invitation to purchase any securities. FORWARD-LOOKING STATEMENTS The attached announcement contains forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on the current plans, estimates and projections of D&M Holdings Inc. as well as on its expectations of external conditions and events. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Neither the Company nor D&M Holdings Inc. undertake to update any of the statements in light of new information or future events, except to the extent required by applicable law. For further information, please contact : Arnaud DENIS Investor Relations Manager RHJ International e-mail : adenis@rhji.com Please click on the link below to open the full pdf version of the press release:


 

Nordic Business Report-November 28, 2006-Atlas Copco completes divestment of North American equipment rental operations (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial productivity solutions provider Atlas Copco announced on Tuesday (28 November) that it has completed the divestment of its equipment rental operations in North America to affiliates of private equity firms Ripplewood Holdings LLC and Oak Hill Capital Management LLC. The SEK24bn cash deal covers the US company Rental Service Corporation, and Canada-based Rental Service Corporation of Canada Ltd. The transaction will result in a net gain of SEK8bn. Atlas Copco, headquartered in Stockholm, Sweden, is a global provider of industrial productivity solutions. The company has 27,000 employees and is present in 150 markets worldwide. Atlas Copco is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Davis Service Groups Swedish workwear company Bjornklader AB expands (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish personal protection and workwear supplier Bjornklader AB, part of the United Kingdom based Davis Service Group (LSE: DVSG), said on Tuesday (28 November) that it has acquired its 13th outlet, reseller Carl Nordlund AB in Sundsvall. Carl Nordlund was acquired from private owners for an undisclosed sum. The store will continue operations under a new name. The 101-year old company Bjornklader is owned by the Danish group Sophus Berendsen A/S, which in turn is part of the London-listed Davis Service Group. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Fast Search & Transfer ASA acquires UK web advertising company Platefood Ltd (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian real-time search solutions developer Fast Search & Transfer ASA (FAST) said on Tuesday (28 November) that it has acquired the remaining 81% of United Kingdom based company Platefood Ltd. FAST acquired the shares from the co-owners Schibsted Sok AS and Sensis Pty Ltd for EUR8.10m in cash. Platefood offers web search services and advertising solutions to media and online directories companies. FAST, headquartered in Oslo, Norway, develops and provides enterprise search solutions. The company is traded on Oslo Stock Exchange under the ticker FAST. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Rica Hotels ASA acquires hotel property in Gothenburg (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian hotel operator Rica Hotels ASA said on Tuesday (28 November) that its Swedish business Rica Hotels AB has agreed to acquire the hotel property of Rica Hotel Goteborg in Gothenburg, Sweden. The purchase price is SEK35m. The property is currently leased by Rica Hotels from the Swedish Salvation Army foundation. Rica Hotels is headquartered in Billingstad in Norway. Rica Hotels operates some 90 hotels in Norway and Sweden. The company is listed on the Oslo Stock Exchange under the ticker RIC. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Sony Electronics Inc licenses Opera 9 SDK from Opera Software ASA (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian Internet browsers developer Opera Software ASA said on Tuesday (28 November) that it has signed a new licence agreement with Sony Electronics Inc. Opera Software said in a brief statement that Sony Electronics has licensed the Opera 9 SDK (Software Development Kit) for Devices for inclusion in future consumer electronics products. No details were disclosed. Opera Software, headquartered in Oslo, Norway, develops Internet browsers for a number of platforms. The company has some 340 employees and annual revenues of NOK154m. Opera Software is listed on the Oslo Stock Exchange under the ticker OPERA. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Swedish automatic car refuelling technology developer Fuelmatics AB wins prestigious pilot order in Dubai (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish automatic car refuelling technology developer Fuelmatics AB said on Tuesday (28 November) that it has received a pilot order for fully automatic refuelling systems from one of the largest oil companies in the United Arab Emirates. The prestigious order, valued at approximately SEK2m, covers two drive-through refuelling systems for installation in Dubai. Fuelmatics, headquartered in Stockholm in Sweden, develops automatic refuelling systems and systems for unmanned service stations. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Swedish building and DIY products distributor Haendig divests subsidiary (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish private equity company Ratos AB said on Tuesday (28 November) that its wholly-owned building and DIY products distribution company Haendig has agreed to sell its subsidiary HDF-Bolagen to Edw H Thomee AB. The divestment is part of Haendigs strategy to focus its operations on its own brands. "We are now concentrating on the strong brands Hafa, Westerbergs, Duri, Lundbergs and Sven Svenssons. With these operations we are planning for continued growth primarily in the Nordic market," commented Thomas Holmgren, CEO of Haendig. The sales price was not disclosed, but according to Ratos it will release over SEK100m for Haendig. HDF-Bolagen has annual sales of SEK320m and the deal will increase Edw H Thomees annual sales to over SEK850m. After the divestment Haendig will comprise Hafa Bathroom Group, Duri, Lundbergs Produkter and Sven Svenssons. Haendig reported sales of SEK1.29bn in 2005. Ratos is a private equity company with some SEK9bn in equity. Its holdings include Alimak Hek, Arcus, Anticimex, Bisnode, Bluegarden, Camfil, DIAB, GS-Hydro, Haendig, Haglofs, HL Display, Hagglunds Drives, Inwido, Jotul, Lindab and Superfos. Ratos is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Swedish heating and cooling installer Varmekyl Grossisten Scandinavia AB expands through new acquisitions (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish heating and cooling systems installer Varmekyl Grossisten Scandinavia AB said on Tuesday (28 November) that it has agreed to acquire Energivarme i Stockholm AB for an undisclosed sum in cash and shares. Energivarme i Stockholm installs and services heat pumps and pellet boilers in the Stockholm region in Sweden. It has 21 employees and is expected to achieve a turnover of approximately SEK20m in 2006. Varmekyl Grossisten on Tuesday also announced the acquisition of the installation and service company KMTK i Sverige AB. KMTK has seven employees and is active in Stockholm, Gothenburg and Malmo. Varmekyl Grossisten is headquartered in Taby in Sweden. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Swedish industrial supplier Bergman & Beving AB acquires yet another industrial reseller (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial supplier Bergman & Beving AB continues to strengthen its reselling operations by acquiring the industrial reseller Gotene Stal & Verktygs AB (GSV), the company said on Tuesday (28 November). GSV is one of the largest suppliers of tools, steel, personal protection equipment and other industrial consumables to the industrial sector in Skaraborg in Sweden. The company has 19 employees and net revenues of approximately SEK55m. GSV is a participant in Bergman & Bevings industrial reseller partner chain TOOLS. The acquisition will strengthen Bergman & Bevings and the TOOLS chains market positions in western Sweden. The financial details of the transaction were not disclosed. Bergman & Beving, headquartered in Stockholm, Sweden, is a supplier to the Nordic construction and industrial sectors and has annual net revenues of over SEK5bn. Bergman & Beving is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Trelleborg AB to transfer industrial tyres production from the US to Sri Lanka (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial group Trelleborg AB said on Monday (27 November) that it has decided to focus its industrial tyres production to Sri Lanka. The reorganisation means that Trelleborg Wheel Systems will terminate the production at its plant in Hartville, Ohio, US, and invest further in its existing two plants in Sri Lanka. The closure of operations in the US, the transfer of the production and the new investments in Sri Lanka are expected to cost some SEK130m over a three-year period. The reorganisation will affect 115 of the 200 employees at the Hartville unit. "We have conducted business successfully in Sri Lanka for many years, and with this investment, we are improving the operations further," said Maurizio Vischi, President of the business area Trelleborg Wheel Systems. "The investment in extended production capacity will involve upgraded production and enhanced efficiency, and we expect to handle the additional volume within the framework of the current workforce. We have an excellent skills base in place and another benefit is that Sri Lanka has a first-rate location with proximity to good supplies of raw materials," Vischi added. According to Vischi the reorganisation will also have positive effects for Trelleborg in North America: "The measures will improve our profitability and position in the North American market, where we are currently also building an efficient sales and distribution organisation," Vischi said. Trelleborg Group, headquartered in Trelleborg in Sweden, develops and manufactures high-performance solutions that seal, damp and protect in demanding industrial environments. The group has 23,000 employees in 40 countries, and annual sales of approximately SEK24bn. Trelleborg is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 28, 2006-Volvo Trucks invests SEK138m in plastic components painting unit in Umea, Sweden (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish truck manufacturer Volvo Trucks, part of Volvo Group, announced on Tuesday (28 November) that it will invest SEK138m in a plastic components painting unit at its topcoat paint facility in Umea, Sweden. The investment includes increasing the number of robots at the facility, as well as the introduction of a new box for inspection and adjustments. "The changes are being made for reasons of quality, costs, and the environment. There are great synergies to be gained by painting both the cab and its components in the same flow," commented Lage Lindfors, plant manager at Volvo Trucks in Umea. Volvo group manufactures trucks, buses and construction equipment, marine and industrial engines and aerospace components. Volvo has some 82,000 employees in 25 countries. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

WizCom Announces Results for 9M/2006 Jerusalem, November 28, 2006 - WizCom Technologies Ltd. (WizCom) (Prime Standard: WZM, IL 0010830706), a global provider of handheld scan and attain tools and products that enable and improve reading-related activities and business productivity, announces today its financial results for the first nine months and third quarter of 2006, reporting a significant increase in revenues. Financial Highlights Sales in the first nine months of 2006 increased by 17% to US$5.8 million, compared with US$5.0 million in the first nine months of 2005. Gross profit margin reached 44% for the first nine months of 2006, compared with 47% in the period of 2005. Operating income in the first nine months of 2006 was US$95,000, compared with an operating loss of US$423,000 in the period of 2005. Net income for the first nine months of 2006 reached US$57,000, compared with a net loss of US$567,000 in the period of 2005, not including loss from discontinuing operations. Net earnings per share for the first nine months of 2006 were less than $0.01, compared with a net loss of US$0.05 not including loss from discontinuing operations. in the period of 2005. Net cash provided by operating activities cumulated to US$299,000 in the first nine months of 2006, compared to US$46,000 in the previous year. Cash and cash equivalents as of September 30, 2006 were US$1.1 million (US$1.5 million as of December 31, 2005). Company Highlights Strong growth in Asia driven by sales to Chinese market. Strengthening of U.S. distribution with Sam's Club agreement. Final preparations for launch of third generation product. "In the third quarter we have experienced an accelerating revenue growth, which was mainly driven by the dynamic demand from the Far East markets, in particular from China. During Q3 we have laid the fundamentals to address these demands through business partnerships with regional suppliers. The first result is a joint product development with Chinese Hanwang Technology Co. that subsequently lead to the signing of an exclusive distribution agreement, worth more than US$4 M over the next two years. This agreement marks a true milestone for the company and a breakthrough in the Far East," comments WizCom CEO Rami Ish-Hurvitz. "Revenues in the Far East significantly increased this quarter as a result of our joint development agreement. Unfortunately, the costs incurred in starting this development coupled with the costs of the final phases of the new generation product, which led to an overall quarterly loss. However we expect increased sales in Q4 as the Far East business continues to grow and the first new generation product revenues are recognized," explains Raz Itzhaki, WizCom's Executive VP and CFO. "Also the political unrest in he Middle East adversely affected Galil's business for this quarter. Looking forward to Q4 we expect to see substantial revenue growth and a positive operational result for the full year 2006," continues Itzhaki. Company Outlook WizCom will launch its third generation product in selected markets during quarter four of 2006. The company expects that an increasing demand for the new product in established markets like the U.S. and the UK will support to further accelerate growth rates, currently fuelled by the demand from emerging markets in the Far East. In addition, the company strives to further explore growth opportunities in other countries of the Asian and Pacific region, where economic development causes an increasing need to learn foreign languages. In order to read the full version of the PR, please click on the link at the end of this announcement. WizCom's financial statements for the first nine months 2006 may be viewed at the Company Website: www.wizcomtech.com. The company is holding its annual analysts and investors conference at the German Equity Conference in Frankfurt today. About WizCom: WizCom Technologies Ltd. is the world's leading producer of personal, portable scanning pens that help people read and process text. These pocket-sized, user-friendly devices enable people to understand and use printed material, anytime and anywhere, without disrupting their reading process. Our pens help students of English as a first or second language, as well as people working in multilingual environments, enhancing their fluency and expediting reading comprehension. Ligature Ltd. is a world leader developer of Optical Character Recognition (OCR) technologies and applications. The company offers innovative approach to OCR based solutions for specialized markets partnering with OEMs, VARs and system integrators incorporating CharacterEyes into software applications and hardware products. Galil Microwaves Israel (2003) Ltd. is a third party manufacturer and assembler of electronic modules for microelectronic and microwave components. For further information please contact: WizCom Technologies Ltd. Raz Itzhaki Executive VP and CFO 8B HaMarpe St. 97774 Jerusalem Israel Phone +1-978-808-6989 (US) Fax +1-978-929-9228 (US) razi@wizcomtech.com http://www.wizcomtech.com SCHWARZ Financial Communication Frank Schwarz Investor Relations Germany Phone +49-611-174539811 Fax +49-611-174539829 schwarz@schwarzfinancial.com --- End of Ad-hoc Message --- WKN: 915856; ISIN: IL0010830706; Index: Prime All Share, TECH All Share; Listed: Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Prime Standard in Frankfurter Wertpapierbörse, Geregelter Markt in Frankfurter Wertpapierbörse;


 

AOL to Offer UK Users Access to Juice Wireless' Mobile Social Media and Video/Picture Blogging Application LONDON, Nov. 28, 2006 (PRIME NEWSWIRE) -- AOL today announced a deal with Juice Wireless (www.juicewireless.com) to launch a trial of the Juice Wireless' JuiceCaster mobile social media application to AOL users in the UK. JuiceCaster is a groundbreaking mobile application that enables consumers to easily capture and post pictures and videos directly from their mobile phones to virtually any online site or personal page, including AOL AIM Pages and AOL Journals. Mike Moore, Head of Monetisation Services for AOL Europe, said: "JuiceCaster is exactly the type of application our users want -- an easy to use social networking service which connects mobile phones to the web. This is a leading product delivering open, post-anywhere, mobile picture and video blogging." "We are thrilled to launch JuiceCaster with AOL in the UK to provide their users with a truly useful and usable mobile application -- posting your mobile phone pictures and videos to the web sites of your choice is something every user understands and wants," said David Herman, CEO of Juice Wireless. Herman added, "AOL is the ideal partner for us. AOL is the long-time, trusted market leader in offering truly useful, user-friendly and innovative applications to consumers. Integrating JuiceCaster into AOL's trusted brand lets consumers know they are getting an application they want and need from a brand they know and trust." AOL's co-branded JuiceCaster is planned for launch to UK consumers in early 2007. Sign up is free, but users must have an AOL screenname, which is also free to obtain. Once signed up, the user receives an AOL JuiceCaster application for their mobile phone, as well as the AOL branded JuiceCaster MediaBox. The MediaBox is the mobile-to-web publishing tool offered as a simple Flash plug-in, which the user adds into their online pages and web sites. Every time the user takes a picture or video with their mobile phone, it is automatically sent to everywhere they have put their MediaBox. The JuiceCaster application works on virtually any camera-enabled mobile phone and makes the capture and upload of pictures and video from the phone incredibly easy. Straight from the phone, the user can quickly provide relevant tagging information such as title, keywords, location, topic, and community. JuiceCaster also offers a host of other features such as viewing user generated pictures and videos right on the phone, creating original live videos on the web, making multi-media comments, connecting with friends, creating rich author profiles and much more. "We view the web and phone as complementary access points and user-generated content as a key application for this generation of consumers," concluded Moore. "The AOL branded JuiceCaster integrates perfectly with our strategy by not just offering a compelling mobile application, but a feature-rich web site as well." "AOL's diversity of content services and useful applications are one of a kind," concluded Herman. "We look forward to integrating JuiceCaster throughout the AOL experience, so that web and phone become seamless extensions of each other, and so that AOL's web content extends naturally to the mobile handset." About AOL AOL is a leading provider of digital communications and content to consumers. The AOL websites, services, and portal deliver a range of market-leading online content, including music, film, sport, news, shopping and community, as well as email, instant messenger, VOIP, safety and security features. AOL is also one of the leading online destinations for advertisers. The AOL services are supplied to subscribers by AOL Europe Services SARL, a company in the AOL group based in Luxembourg. AOL (UK) Limited provides marketing and other support services. Both companies are part of AOL Europe, a business unit of AOL LLC, which operates a leading network of Web brands and is a majority-owned subsidiary of Time Warner Inc. About Juice Wireless Juice Wireless is an award-winning market leader in innovative consumer mobile data services and the creators of JuiceCaster -- the groundbreaking mobile social media application launched on Sept. 14, 2006. Founded in March 2004, and based in Los Angeles, CA, and New York, New York, Juice Wireless employs 30 people and is venture funded by 21 Ventures and Citizen's Communications. CONTACT: Global Results Comms. (GRC) Kelly Weston or Valerie Christopherson +1 949 608 0276 kweston@globalresultspr.com AOL UK Jonathan Lambeth 020 7348 8272 jonathanlambeth@aol.com


 

PC-WARE AG Q2: Successful Performance Driven by Acquisitions and Organic Growth - Revenue: EUR 152.3 million (+22% y.o.y.) - Gross profit: EUR 21.0 million (+28% y.o.y.) - EBITDA: EUR 1.95 million (+8% y.o.y.) - EBT: EUR 1.1 million (+177% y.o.y.) - Net profit for period: EUR 0.7 million (+ EUR 0.7 million y.o.y.) Leipzig, Nov. 28, 2006 - PC-WARE AG generated revenue growth of 21.8% in the summer quarter, traditionally seen as one of the most challenging seasons of the financial year, thus propelling sales to EUR 152.3 million. As in the preceding quarters, business performance was driven by all three segments. Within this context, the Software segment registered growth of 24.6%, buoyed in particular by strong demand from abroad and by the fact that this was the first Q2 in which the Scandinavian Ravenholm Group had been included in the consolidated group. At the same time, the Consulting & Services segment grew by 20.5% and the System House segment by 15.7%. The various regional entities within the Group also performed favourably. Whereas Germany and Italy fell slightly short of the formidable revenue figures posted a year ago, the other enterprises based abroad were all able to achieve substantial sales growth, so much so that foreign sales accounted for 55.4% of total sales revenue (Q2 2005/6: 39.4%). The main contributors to growth were the Czech Republic (+340.7%), the United Kingdom (+186%) and the Benelux region (+56.4%). Gross profit increased by 28% to EUR 20.9 million, thus outpacing revenue growth. This was attributable on the one hand to the higher proportion of revenue generated through more profitable service and integrated systems business and on the other hand to Microsoft's direct Enterprise Agreements, for which the Company receives a fee rather than recognising the entire transaction as sales revenue. At EUR 16.8 million, the overall volume of these Direct Enterprise Agreements was 11.1% lower than in the second quarter of 2005/6 (EUR 18.9 million). The proportion of higher-margin non-Microsoft products was raised by an encouraging 31.4%. In conjunction with additional capital expenditure on infrastructure required for future business development, the growth-induced increase in staff costs and higher other operating expense contributed to a slightly underproportional 7.7% increase in EBITDA. Supported by a more stable finance result, EBT rose by 176.8% to EUR 1.12 million. At EUR 0.68 million, net profit for the period, after minority interests, was significantly higher than the figure posted a year ago. The dynamic period from October to December is expected to produce a solid progression of business. Taking into consideration the release of new Microsoft products, the Management Board has reaffirmed its revenue forecast of EUR 700 million for the financial year as a whole. EBITDA is expected to reach approx. EUR 15 million. The full quarterly report can be accessed via www.ir.pc-ware.com. Contact: Investor Relations Dr. Ingmar Ackermann Phone: +49 (0)341 25 68-148 investor.relations@pc-ware.de PC-WARE AG PC-WARE Information Technologies AG is one of the leading manufacturer-independent IT enterprises in Europe, offering a comprehensive service portfolio which covers licensing of standardised software, software management, system support, proprietary software solutions and complete system-house services, in addition to financial services provided via its own subsidiaries. PC-WARE is the outright market leader in Europe within its core business of software licensing and licence management; it is ranked third in Germany's system-house league table. Employing more than 1,200 people and serving around 85,000 customers, the company operates subsidiaries in 15 European countries (D, GB, F, I, BE-NE-LUX, A, CZ, CH, DK, FIN, S, N and ROM) as well as in South Africa and the US. PC-WARE was granted European Large Account Reseller (ELAR) status for the whole of Europe, the Middle East and Africa (EMEA region) by Microsoft, one of the company's key business associates. Working with cooperation partners, the company is able to cover markets in North and South America, Asia, Australia and Eastern Europe, in addition to serving global customers. PC-WARE cooperates closely with a number of IT specialists, including Microsoft, Adobe, Citrix, Business Objects, VMware, Novell, Symantec, McAfee, Veritas, Computer Associates, Oracle, Attachmate, Borland, Fujitsu-Siemens, IBM/Lotus and Hewlett Packard. The company has been operating profitably since its incorporation in 1990. Activities within the area of software licence reselling commenced in 1993. In 1998, the GmbH (limited liability company) became an AG (stock corporation). PC-WARE AG has been listed on the Frankfurt Stock Exchange since 5 May 2000 and joined the Prime Standard in 2003. (WKN: 691 090, ISIN DE0006910904, Reuters Symbol PCWG.DE) --- End of Ad-hoc Message --- WKN: 691090; ISIN: DE0006910904; Index: CDAX, Prime All Share, TECH All Share, GEX; Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse Düsseldorf, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Börse Stuttgart;


 

Haendig has today concluded an agreement with Edw. H Thomée in Malmö for the sale of HDF-Bolagen. Over the past year, Haendig has carried out a strong concentration of its operations. Following the sale of HDF-Bolagen, the group will have a clear focus on strong own brands for the building trade and the DIY sector. Haendig's CEO, Thomas Holmgren, comments: "We are now concentrating on the strong brands Hafa, Westerbergs, Duri, Lundbergs and Sven Svenssons. With these operations we are planning for continued growth primarily in the Nordic market." Thomée together with HDF-Bolagen will be a strong player in the Nordic region with annual sales in excess of SEK 850m. In an industry where there is a substantial need for rational and efficient materials handling, the competitiveness of the two companies will now be strengthened. Through the sale HDF-Bolagen, which has annual sales of SEK 320m, Haendig will release over SEK 100m. The parties have agreed not to disclose the terms for the transaction. Haendig, which is 100% owned by Ratos, is an active trading company with a focus on strong own brands for the Nordic building and DIY trade. After the divestments now in progress, the group will comprise the subsidiaries Hafa Bathroom Group (with the Hafa and Westerbergs brands), Duri, Lundbergs Produkter and Sven Svenssons. Haendig's 2005 sales totalled approximately SEK 1,290m with a profit after tax of SEK 32m. For additional information, please contact: Stig Karlsson, Senior Investment Manager Ratos, +46 70-641 13 45 Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 70-399 62 39 Thomas Holmgren, CEO Haendig, +46 705-736 700 Financial calendar from Ratos: Year-end report 22 February 2007 2006 Annual General Meeting 11 April 2007 Interim report January-March 9 May 2007 Interim report January-June 21 August 2007 Interim report January-September 9 November 2007 Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos thus offers stock market players a unique investment opportunity. The equity of Ratos's investments is approximately SEK 9 billion. Ratos's holdings include Alimak Hek, Arcus, Anticimex, Bisnode, Bluegarden, Camfil, DIAB, GS-Hydro, Haendig, Haglöfs, HL Display, Hägglunds Drives, Inwido, Jøtul, Lindab, Medifiq Healthcare, Superfos and Other holdings.


 

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On November 27 2006, Rodamco Europe N.V., the largest publicly listed property investment and management company in the retail sector in Europe, has been informed by ING Real Estate that the retail part of the Zlote Tarasy shopping center in Warsaw, Poland, will open on February 7, 2007. ING Real Estate additionally informed Rodamco Europe that at this stage it can not deliver to Rodamco Europe its 50% of the shares in the project due to the fact that ING Real Estate is not yet in possession of 100% of the shares in the Zlote Tarasy project. Earlier, on November 13, 2006, Rodamco Europe announced uncertainties regarding the timing of the opening and delivery of the Zlote Tarasy project. Rodamco is currently studying its position and the consequences of this situation. COMPANY PROFILE RODAMCO EUROPE N.V. Rodamco Europe with headquarters in Rotterdam, the Netherlands, is both investor and manager of its dominant shopping centers in its home regions The Netherlands & Belgium, the Nordic countries, France, Spain and Central Europe. Top quality shops and shopping centers form 94% of Rodamco Europe's ¤10.0 billion property assets. This makes Rodamco Europe the largest listed property investment and management company in the retail sector in Europe. Rodamco Europe is listed on the Stock Exchanges in Amsterdam, Paris, Frankfurt and Brussels. A Euronext 100 company, Rodamco Europe is included in the Euronext AEX Index (AEX) and in the MSCI World Index. For more information on Rodamco Europe, please visit our website: www.rodamco.com.


 

TORONTO, ONTARIO -- (MARKET WIRE) -- November 28, 2006 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)("Pele" or the "Company") announced today that it has retained the services of Scott Wilson Roscoe Postle Associates Inc. ("Scott Wilson RPA") to complete a NI 43-101 compliant Technical Report (the "Technical Report") on its Elliot Lake uranium project (the "Project") in northern Ontario. The Technical Report will include a review of a compilation prepared by Rio Algom in the mid-1970s which showed more than 80-percent of a 28-million pound U3O8 "Measured Ore Estimate" on the Pele property. While this historic ore estimate does not conform to NI 43-101 standards, Rio Algom mined more than 100 million pounds of uranium oxide from similar deposits in the Elliot Lake camp and its compilation is generally considered reliable according to local industry standards(1). The Technical Report will also review other drilling within the Project boundaries that shows the potential for 50 to 60 million tons of uranium-mineralized conglomerates in addition to the Rio Algom ore estimate(2). Pele President and CEO Al Shefsky stated, "We are initiating a systematic evaluation of our uranium holdings. We firmly believe that the fundamental strength of the uranium market is sustainable for the foreseeable future and that our extensive uranium-mineralized conglomerates within the prolific Elliot Lake mining camp have us exceptionally positioned to deliver value to our shareholders." Scott Wilson RPA is an independent firm of respected Geological and Mining Consultants with considerable uranium-related expertise, including wide-ranging experience within the Elliot Lake camp. The Technical Report will include a review of historical resource data and prior exploration work on the Project including trenching, underground exploration, bulk sampling, metallurgical testing, and more than 15,000 metres of diamond drilling from 78 core holes. Scott Wilson RPA will also conduct a site visit and independently sample certain drill cores. The Elliot Lake mining camp has historically produced over 270 million pounds of uranium oxide from stratigraphically-bound conglomerate deposits that demonstrate remarkable consistency over large areas. Pele has consolidated a large zone of known uranium mineralization in a geological environment similar to several past producing mines on adjacent properties including the Algom Nordic, Lacnor, and Stanleigh mines. The project is ideally situated, adjacent to an all-season highway with secondary roads and power lines extending throughout the property. Pele also announced that it has completed its first drill hole on the property. The mineralized sections of the drill core have been sawed in half, sampled, and shipped to Saskatchewan Research Council, an independent, ISO 17025 accredited laboratory. The drill core will be assayed for uranium along with several other mineral elements of interest. This press release has been reviewed and approved by Robert MacGregor, P.Eng., an independent Qualified Person with 14 years experience working in the Elliot Lake area during its time as an active uranium mining camp. About Pele Mountain Resources Pele Mountain Resources is discovering and developing the mineral wealth of northern Ontario. Pele is focused on the exploration and development of its 100-percent owned projects at Elliot Lake and Highland. The Elliot Lake uranium project contains a substantial "Measured Ore Estimate" compiled by Rio Algom within an historically prolific mining camp. Exploration at Highland indicates outstanding potential for significant gold resources and existing regional infrastructure provides opportunities for revenue producing operations. Pele is also a generative exploration company holding a diverse portfolio of gold, diamond, and base metal projects, providing exposure and leverage to discovery and to the increased global demand for natural resources. Four Pele projects are currently funded through agreements with strategic partners, including Goldcorp, Wallbridge Mining, Trigon Exploration, East West Resources and Maple Minerals (a division of Mega Uranium). Pele stock trades on the TSX Venture Exchange under the symbol "GEM". 1) The Rio Algom "measured ore estimate" is historical, has not been confirmed by a qualified person, and should not be relied upon. 2) The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the discovery of a mineral resource. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Common Shares Outstanding: 63,222,145 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Contacts: Pele Mountain Resources Inc. Al Shefsky President (416) 368-7224 Pele Mountain Resources Inc. Maria Bennett (416) 748-8596 Email: info@pelemountain.com Website: www.pelemountain.com SOURCE: Pele Mountain Resources Inc.


 

Zurich, Switzerland / Suzhou, China, November 28, 2006 - After being granted a business license and opening a sales office in Shanghai, China, in October 2006, Barry Callebaut today laid the foundation stone for a new state-of-the-art chocolate factory in Suzhou, China. Suzhou is located in the Greater Shanghai area and offers an excellent infrastructure in a new industrial park. Construction and start-up time for the new factory will take between 12 and 18 months. The total investment is about CHF 20 million (approx. EUR 13 million). The new factory will have a capacity of 25,000 tonnes and offer about 100 new jobs once it is running at full capacity. With sales of more than CHF 4 billion, Barry Callebaut is the world's leading manufacturer of cocoa and chocolate products. The company is present in 25 countries and operates more than 30 factories on four continents. CEO Patrick De Maeseneire explains: "Demand for chocolate in China is growing rapidly and will be further spurred by the Olympics in 2008 and the World Expo in Shanghai in 2010. Our new factory in China, which is part of our geographic expansion strategy, will serve industrial food manufacturers and artisans. We want to serve them better by being closer to them, which is why we are following them to this high-growth market. About 500 to 600 million people alone live in a distance of about 300 km from the East China Sea, in the Greater Shanghai area. People are curious and want to explore new things, and their incomes are rising." Barry Callebaut has been present in Asia-Pacific with a chocolate factory in Singapore since 1997 and a sales office in Japan since 2004. * * * Barry Callebaut (www.barry-callebaut.com): With annual sales of more than CHF 4 billion for fiscal year 2005/06, Zurich-based Barry Callebaut is the world's leading manufacturer of high-quality cocoa, chocolate and confectionery products - from the cocoa bean to the finished product on the store shelf. Barry Callebaut is present in 25 countries, operates more than 30 production facilities and employs approximately 8,000 people. The company serves the entire food industry, from food manufacturers to professional users of chocolate (such as chocolatiers, pastry chefs or bakers), to global retailers. It also provides a comprehensive range of services in the fields of product development, processing, training and marketing. * * * Contacts for investors and financial analysts: for the media: Dieter A. Enkelmann, CFO Gaby Tschofen Barry Callebaut AG Barry Callebaut AG Phone: +41 43 204 04 20 Phone: +41 43 204 04 60 dieter_enkelmann@barry-callebaut.com gaby_tschofen@barry-callebaut.com The full news release can be downloaded from the following link: --- End of Message --- WKN: 914661; ISIN: CH0009002962; Index: SMCI, SPI, SPIEX; Listed: Main Market in SWX Swiss Exchange;


 

* One of the strongest pipelines with 138 projects in pharmaceutical development, focusing on areas of high unmet medical needs * Exforge[1] and Tekturna[1] (US/EU, hypertension), Galvus[1] (US/EU, diabetes), Tasigna[1] (US/EU, cancer) and Lucentis (EU, eye disease) all submitted for major approvals * Accelerated US and European Union submissions completed for Tasigna and Aclasta/Reclast[1] (osteoporosis) in 2006 ahead of plans for next year * Late-stage compounds moving into pivotal trials - FTY720 (multiple sclerosis), QAB149 (COPD/asthma), AGO178 (depression), ABF656 (hepatitis C), RAD001 (cancer) and SOM230 (Cushing's disease) * Among vaccine portfolio highlights, H5N1 pre-pandemic influenza vaccine shows positive results in Phase II volunteer trial and EU submission completed London, November 28, 2006 - Novartis unveiled today new data on its promising pipeline amid plans for multiple new product approvals and launches over the next two years. Many of these anticipated approvals are for potentially best-in-class medicines that would advance treatment standards for patients with hypertension, diabetes, cancer and other diseases. Novartis highlighted progress throughout its pipeline, particularly the advance of pharmaceutical compounds to pivotal trials before regulatory submission as well as the development portfolio in the newly created Vaccines and Diagnostics division. The following compounds are moving into pivotal late-stage trials: FTY720 (fingolimod) for multiple sclerosis, QAB149 (indacaterol) for COPD and asthma, AG0178 (agomelatine) for depression and ABF656 (Albuferon(TM)) for hepatitis C as well as RAD001 (everolimus) for cancer and SOM230 (pasireotide) for Cushing's disease. "I am pleased that our sustained focus on innovation and drive to address unmet medical needs have enabled us to further strengthen our pipeline and file several new drugs for regulatory review over the past 12 months," said Dr. Daniel Vasella, Chairman and CEO of Novartis. "Over the next two years we will launch several innovative medicines and continue to invest aggressively in discovery research and development activities and complement our own skills and technologies through attractive collaborations," Dr. Vasella said. In total, Novartis now has 138 projects in pharmaceutical clinical development. Of these, 94 projects are in confirmatory development (Phase IIb, Phase III or registration with regulatory authorities). A total of 50 are new molecular entities (NMEs), while 88 are life-cycle management projects involving new indications or formulations.[2] More than 20 projects have been added to the pipeline during 2006. Key R&D areas are cardiovascular/metabolic conditions, oncology and neuroscience as well as respiratory and infectious diseases. Novartis has completed many submissions in 2006 to regulatory authorities for new compounds as well as new indications for medicines already available to patients. The US and EU regulatory submissions were accelerated and completed ahead of schedule in 2006 for two compounds: Tasigna (nilotinib) as a new treatment option for patients with resistance and/or intolerance to treatment with Gleevec/Glivec for certain forms of chronic myeloid leukemia (CML), and also for Aclasta/Reclast (zoledronic acid) as a once-yearly bisphosphonate infusion for women with postmenopausal osteoporosis. US regulatory decisions are also expected for Tekturna (aliskiren), a renin inhibitor for hypertension, and Exforge (valsartan and amlodipine), a single-tablet combination of the two most prescribed hypertension medicines in their respective classes. Awaiting European Commission approval are Exforge and Lucentis, a new treatment option for patients with the "wet" form of age-related macular degeneration (AMD), after both compounds received positive recommendations in November from the Committee for Medicinal Products for Human Use (CHMP). The Commission generally follows the recommendations of the CHMP and delivers a final decision within two to three months. A US regulatory decision is also expected in the first half of 2007 for Galvus (vildagliptin) as a once-daily oral treatment for patients with type 2 diabetes. The US Food and Drug Administration (FDA) extended the review period for Galvus by three months from November 2006 after recently available clinical data were submitted to support the proposed dosing and indications as well as complement earlier data on the risk/benefit profile. Sustained leadership in hypertension Approvals of Exforge and Tekturna would further strengthen the leadership of Novartis in offering a broad range of treatments for patients with hypertension, complementing the in-market brands Diovan and Lotrel. High blood pressure - and its consequences - is the world's No. 1 killer, estimated by the American Heart Association to affect one in four adults, or around one billion people globally. Despite extensive use of current therapies, about 70% of all people with high blood pressure do not reach target blood pressure levels. Many require two or more medicines to gain control. Exforge is the first medicine to combine the angiotensin receptor blocker (ARB) valsartan (Diovan) and the calcium channel blocker (CCB) amlodipine besylate. More than 80% of Exforge patients in studies reached their recommended blood pressure goals and also experienced a lower rate of peripheral edema (swelling of the ankles) compared to those taking amlodipine alone. Tekturna, which was developed in collaboration with Speedel, has shown a strong efficacy profile in hypertension patients. New data presented at the event showed Tekturna demonstrated a statistically significant (p=0.0004) reduction in blood pressure compared to a diuretic (hydrochlorothiazide), while results from this 12-week trial also showed strong efficacy in combination with the same diuretic in obese patients. Tekturna has shown placebo-like safety at the proposed maximum once-daily dose of 300 mg. In another new study, the combination of Tekturna and Diovan showed a significant additive reduction in blood pressure compared to Diovan alone, with a drop in systolic blood pressure of about 17 mm Hg compared to about 13 mm Hg for either Tekturna or Diovan alone. Additional data support efficacy and safety of Galvus Novartis is confident in the efficacy and safety of Galvus and in obtaining US approval for this once-daily oral treatment for patients with type 2 diabetes. Results from recently completed clinical trials are being submitted to the FDA involving an additional 1,000 patient-years of treatment experience. These data include results from short- and long-term studies for periods of up to two years, both as a monotherapy or in combination with other anti-diabetes medicines. They further support the proposed dosing regimen and indications as well as complement the risk/benefit profile of Galvus. In particular, they provide further evidence confirming data submitted earlier to the FDA showing that skin findings identified in a single species during a preclinical animal study have not been seen in clinical studies with type 2 diabetes patients. New data presented at the event again confirmed the once-daily efficacy of Galvus, while pooled monotherapy data showed a 1.1% reduction in HbA1c (a measure of average blood sugar levels) in initial use by type 2 diabetes patients starting treatment. The results of a 104-week trial continued to show the sustained reduction of 1% in HbA1c seen at 52 weeks, but narrowly missed the primary endpoint of non-inferiority versus metformin. However, Galvus was better tolerated than metformin, particularly with a superior gastrointestinal tolerability profile. Vaccines pipeline supports existing franchises and explores new fields Novartis has assembled a strong pipeline of investigational human vaccine projects following the acquisition of Chiron in April 2006, focusing on supporting existing franchises in influenza, meningitis and travel vaccines while exploring new disease areas. Among new data presented at the event were the positive results of a Phase II trial involving 500 volunteers inoculated with an adjuvanted H5N1 pre-pandemic vaccine. Results showed that various levels mandated by European regulators for seroprotection, seroconversion increase and mean geometric increase of H5N1-specific antibodies were achieved. Novartis announced today that this vaccine has been submitted for European approval for use as a pre-pandemic vaccine to boost the immune system's ability to defend against infections from an H5N1 strain. The OptaFlu seasonal influenza vaccine, which is based on novel cell culture technology instead of traditional egg-based production, showed in pivotal Phase III data that it was highly capable of producing an immune response ("immunogenic"), at least as strong as the egg-based vaccine Agrippal® for each of the three influenza strains studied. It was also well tolerated, showing no meaningful differences in the safety profile compared to traditional egg-based vaccines. The EU submission was completed in 2006, while the US submission is planned for 2008. Novartis also announced progress in the development of its conjugate quadrivalent MenACWY vaccine against the A, C, W135 and Y serogroups of Neisseria meningitides, important causes of bacterial meningitis. This devastating disease is estimated to strike about three to five of 100,000 people per year - particularly infants and children. Phase III trials involving 13,000 people started in April 2006, targeting regulatory submission for use in infants, adolescents and adults. A vaccine for the B serogroup of meningitis B, for which there is currently no effective vaccine, is also in Phase II studies to identify dosing in adolescents, with data expected by the end of 2007. Productive innovation filling the early-stage pipeline New discovery approaches at the Novartis Institutes for BioMedical Research (NIBR), which was created four years ago to enhance the Group's long tradition of drug discovery, are contributing novel compounds to clinical development. The number of new molecular entities in the NIBR portfolio has increased to more than 70 in 2006 (compared to 55 in 2004), driven in part by new target discovery, enhanced structural biology, and rapid growth in the number of biological therapeutic drug candidates. These include antibodies, which now constitute about 25% of the NIBR portfolio. Selected Pipeline Event highlights Among projects highlighted at the event were the following: * Aclasta/Reclast (zoledronic acid), a once-yearly bisphosphonate treatment for women with postmenopausal osteoporosis, has been submitted for US and EU approval earlier than planned. This was based on pivotal Phase III data showing that patients taking Aclasta/Reclast experienced a highly significant 70% risk reduction in new spine fractures (p<0.0001) and a 41% risk reduction in hip fractures (p=0.0024) over three years compared to placebo. This met the study's two primary endpoints. Additionally, all secondary endpoints were met, including risk reduction in clinical spine and non-spine fractures. This high level of efficacy was sustained in the second and third years of the study, while Aclasta/Reclast was generally safe and well tolerated. * AEB071, a first-in-class protein kinase C (PKC) inhibitor, is aiming to become the first oral treatment that inhibits T-cell activation since the introduction of calcineurin inhibitors. T-cell activation is an early step in autoimmune diseases such as psoriasis and is also essential for the rejection of transplanted organs. AEB071 blocks a pathway critical to T-cell activation and has shown promise in organ transplantation as well as in autoimmune disorders. It has shown improvements in psoriatic skin lesions in an early proof-of-concept study and recently started Phase II clinical trials for organ transplantation (prevention of graft rejection). Submission is planned for after 2010. * AGO178 (agomelatine), seeking to become a new once-daily treatment for patients with major depression, is set to begin Phase III trials in the US by the end of 2006. The US rights to this compound were acquired in March 2006 from Servier. AGO178 has shown efficacy comparable to current standard therapies such as SSRIs (selective serotonin reuptake inhibitors) and SNRIs (serotonin and norepinephrine reuptake inhibitors) while offering improved tolerability, including a low propensity to cause sexual dysfunction and weight gain as well as an improvement in the quality of sleep. US submission is planned for 2008. * ABF656 (Albuferon(TM)) (albumin interferon alpha-2b), a novel long-acting interferon targeting hepatitis C, is entering Phase III trials. Interim results from Phase II trials, in which treatment-naïve patients received Albuferon in combination with ribavirin, showed it has the potential for an improved efficacy and tolerability profile with the need for fewer injections compared to pegylated interferon, the current standard of care. Hepatitis C is a liver disease caused by a chronic viral infection estimated to affect more than 170 million patients worldwide. Novartis and Human Genome Sciences will co-promote Albuferon in the US, while Novartis will have exclusive rights in the rest of the world. The first regulatory submission is planned for 2009. * EPO906 (patupilone), a novel tubulin polymerizing compound known as an epothilone, has experienced unexpectedly slow patient accrual for a registration trial in ovarian cancer that was started in 2005, delaying submission. A protocol amendment has been made and the number of centers expanded. * Exelon Patch (rivastigmine transdermal patch) has been submitted for US and EU approval as a once-daily treatment for patients with Alzheimer's disease. The IDEAL study of about 1,200 patients showed that Exelon Patch provided benefits across a wide range of symptoms and that the target dose was well tolerated. Transdermal patches are designed to provide controlled, continuous delivery of a medicine through the skin, meaning patients could potentially avoid gastrointestinal problems associated with certain oral medicines. Patients using Exelon Patch had improved memory and thinking, and were also better able to perform everyday activities than those on placebo. * Exjade (deferasirox) has been launched in the US and Europe as the first and only once-daily oral iron chelator for chronic iron overload in transfusion-related conditions. It is now being studied in patients with non-transfusional-related iron overload. Phase I/II safety and efficacy studies are enrolling patients, with the first data expected in 2008. * FTY720 (fingolimod), seeking to become the first oral disease-modifying treatment for patients with relapsing multiple sclerosis (MS), is being studied in a Phase III program underway with the goal of enrolling more than 3,000 patients worldwide. A two-year placebo-controlled program (FREEDOMS) is measuring reductions in the frequency of relapses and disability progression in MS patients. A one-year trial (TRANFORMS) started in May 2006 comparing FTY720 with interferon beta-1a (Avonex®). Two-year data from the extension of a Phase II trial showed sustained benefits, indicating that FTY720 could provide an important new option for the estimated 2.5 million people worldwide suffering from this disabling neurological disease. Submission remains on track for 2009. * LBH589, a highly potent deacetylase inhibitor shown to impede multiple pathways implicated in cancer, is planned to start a pivotal Phase II registration study by the end of 2006 in patients with cutaneous T-cell lymphoma. Submission is planned for the second half of 2008 for this compound. Novartis intends to explore the use of this compound in other challenging malignancies. * Mycograb (antifungal) and Aurograb (antibacterial), acquired through the purchase of NeuTec in mid-2006, strengthened the presence of Novartis in the fast-growing market for hospital anti-infectives that address life-threatening diseases. Mycograb in combination with amphotericin B has demonstrated superiority in terms of clinical cure rate and Candida-related mortality. Novartis announced in November 2006 that it plans to submit additional clarification to European regulators to support the approval of Mycograb after receiving a negative recommendation on the submission made by NeuTec in 2005. Submission in the US is planned for 2009. Aurograb is being developed as an add-on therapy to vancomycin in targeting serious staphylococcus aureus infections, including resistant strains. Novartis is considering trials with other antibacterials as an add-on therapy. US and EU submissions for Aurograb are planned for 2010. * Prexige (lumiracoxib) successfully completed the European Union's Mutual Recognition Procedure (MRP) in October, with all EU member states agreeing to issue approvals. European launches for this treatment for patients suffering from osteoarthritic pain of the knee and hip are planned to start in the first quarter of 2007. Prexige was also approved in Canada in early November. Resubmission for US approval is planned for 2007. * QAB149 (indacaterol), seeking to become the first once-daily long-acting beta-agonist with 24-hour bronchodilation and a fast onset of action, is being developed to treat respiratory diseases as a monotherapy and in combination with other medicines. A 52-week monotherapy Phase III trial began in the fourth quarter of 2006 in patients with chronic obstructive pulmonary disease (COPD), a condition often caused by smoking. The QMF149 program, which combines QAB149 with the once-daily inhaled corticosteroid mometasone (Asmanex®)[3], is set to begin trials in 2007 with plans for the first regulatory submission in 2010. A Phase III monotherapy trial for QAB149 in asthma patients is part of the QMF149 program. The new QVA149 program, also set to begin in 2007, will assess in COPD patients the potential of a once-daily fixed-dose combination of QAB149 and the once-daily inhaled long-acting muscarinic antagonist NVA237, which delivered positive efficacy and safety data in Phase II trials. This novel combination is expected to show superior bronchodilation compared to the individual compounds alone due to their complementary mechanisms of action. * RAD001 (everolimus), a novel oral inhibitor of the mTOR pathway considered a key target in oncology, has demonstrated broad clinical activity in multiple tumor types at well-tolerated and efficacious doses. A registration program is underway that includes the RADIANT-1 study in chemotherapy-refractory pancreatic islet cell tumors (pICT) and the RECORD-1 study in metastatic renal cell carcinoma. This program will be expanded in 2007 to include registration trials for refractory carcinoid tumors as well as first- and second-line pICT. RAD001 acts by directly inhibiting tumor cell growth as well as by inhibiting the formation of new blood vessels (angiogenesis). If the chemotherapy refractory pICT trial results are positive, the first submission could be as early as 2008. * SOM230 (pasireotide), a next-generation somatostatin analogue therapy, has completed Phase II studies in Cushing's disease, a rare disorder characterized by excessive excretion of the hormone cortisol from a pituitary adenoma (tumor), a condition for which there is no approved medical therapy. Registration studies are set to begin by year end. A registration trial in refractory carcinoid tumors is set to begin in the first quarter of 2007. * Tasigna (nilotinib, formerly AMN107) has been submitted for US and EU approval as a new option for patients with resistance and/or intolerance to treatment with Gleevec/Glivec for certain forms of Philadelphia chromosome-positive (Ph+) chronic myeloid leukemia (CML). A submission for this indication in Japan is expected by mid-2007. Interim Phase II results found that 46% of patients with CML resistant or intolerant to optimized Gleevec/Glivec therapy achieved a major cytogenic response with Tasigna after six months of treatment. Updated pivotal submission data will be presented at the American Society of Hematology meeting in December 2006. Both Tasigna and Gleevec/Glivec inhibit Bcr-Abl, the cause of Ph+ CML. Tasigna was specifically designed to be a more selective inhibitor of Bcr-Abl and its mutations. New registration studies are set to start in 2007 for Tasigna in gastrointestinal stromal tumors (GIST), patients with CML responding sub-optimally to other therapies and newly-diagnosed CML patients. * Zometa (zoledronic acid) is on track for EU submission in the 2007 first quarter for the treatment of bone loss associated with aromatase inhibitors, a condition known as AIBL. Latest data from the ZO-FAST and Z-FAST studies assessing the efficacy of Zometa in AIBL will be presented at the San Antonio Breast Cancer Symposium in December 2006. * Projects that have been terminated include XBD173 (generalized anxiety disorder) and AAE581 (osteoporosis), while LIC477 (bipolar disorder) has been delayed. Disclaimer This release contains certain forward-looking statements, relating to the Novartis Group's business, which can be identified by the use of forward-looking terminology such as "pipeline", "moving into", "promising", "plans", "anticipated", "anticipated", "will", "continue to", "expected", "awaiting", "generally follows . and delivers", "would further strengthen", "estimated", "targeting", "aiming", "planned", "set to", "potential", "seeking to", "goal", "could provide", "intends", "considering", "is being developed", "could be", "on track", or similar expressions, or by express or implied discussions regarding potential filings or marketing approvals, or potential future sales of candidate compounds vaccines, or potential new indications for existing products. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that any existing or future regulatory filings will satisfy the FDA's and other health authorities' requirements regarding any one or more candidate compounds, vaccines, or new indications for existing products. Nor can there be any guarantees that such compounds, vaccines or new indications will be approved by any health authorities for sale in any market. Neither can there be any guarantee that any such compounds, vaccines or new indications will reach any particular level of sales. In particular, management's expectations regarding the approval and commercialization of the candidate compounds, vaccines and new indications could be affected by, among other things, unexpected clinical trial results, including additional analysis of existing clinical data, and new clinical data; unexpected regulatory actions or delays, or government regulation generally; the company's ability to obtain or maintain patent or other proprietary intellectual property protection; competition in general; government, industry, and general public pricing pressures; as well as the additional factors discussed in Novartis AG's Form 20-F filed with the US Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. Novartis is providing this information as of this date and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise. About Novartis Novartis is a world leader in offering medicines to protect health, treat disease and improve well-being. Our goal is to discover, develop and successfully market innovative products to treat patients, ease suffering and enhance the quality of life. Novartis is the only company with leadership positions in both patented and generic pharmaceuticals. We are strengthening our medicine-based portfolio, which is focused on strategic growth platforms in innovation-driven pharmaceuticals, high-quality and low-cost generics, human vaccines and leading self-medication OTC brands. In 2005, the Group's businesses achieved net sales of USD 32.2 billion and net income of USD 6.1 billion. Approximately USD 4.8 billion was invested in R&D. Headquartered in Basel, Switzerland, Novartis Group companies employ approximately 99,000 people and operate in over 140 countries around the world. For more information, please visit http://www.novartis.com. [1] Brand name awaiting approval by regulatory authorities. All product names appearing in italics are trademarks of Novartis Group Companies. [2] Figures for life-cycle management projects have been adjusted to conform with industry benchmarking figures. However, no change has been made in the definition or method of reporting new molecular entities. [3] In collaboration with Schering-Plough. # # # Media Relations John Gilardi Novartis Global Media Relations +41 61 324 3018 (direct) +41 79 596 1408 (mobile) john.gilardi@novartis.com Corinne Hoff Novartis Global Media Relations +41 61 324 9577 (direct) +41 79 248 5717 (mobile) corinne.hoff@novartis.com e-mail: media.relations@novartis.com Investor Relations International Ruth Metzler-Arnold +41 61 324 7944 Katharina Ambühl +41 61 324 5316 Nafida Bendali +41 61 324 3514 Jason Hannon +41 61 324 2152 Richard Jarvis +41 61 324 4353 Silke Zentner +41 61 324 8612 North America Ronen Tamir +1 212 830 2433 Arun Nadiga +1 212 830 2444 Jill Pozarek +1 212 830 2445 Edwin Valeriano +1 212 830 2456 e-mail: investor.relations@novartis.com --- End of Message --- WKN: 904278; ISIN: CH0012005267; Index: SLCI, SMI, SPI, SLIFE; Listed: Main Market in SWX Swiss Exchange, ZLS in BX Berne eXchange;


 

In the 2005-2006 financial year ended 30.09.06, Feintool, the global systems construction and components manufacturing group based in Lyss, Switzerland, lifted its EBIT figure by 6.9% from CHF 26.7 million in the previous year to CHF 28.5 million and improved net profit from CHF 14.6 million to CHF 15.6 million on consolidated sales of CHF 501.0 million (roughly 2.8% more than the previous year's figure of CHF 487.2 million). At the Annual General Meeting, the Board of Directors will propose payment of a dividend of CHF 10 per registered share with a par value of CHF 50. This represents a return of 3.1% (taking a baseline price of CHF 324). With orders in hand higher than 12 months ago, Feintool is starting the 2006-2007 financial year with bright prospects. The buoyant world economy - with increased capital investment on the back of upbeat consumer sentiment, notably in the automotive sector - has continued to drive the business forward. Feintool's growing market success, however, is the result of a rigorous strategy that has been implemented consistently over a number of years. Innovation, intensive development work and proactive marketing are paying off. Both new and existing customers appreciate the Group's strength in customized solutions both for systems (with the attendant performance gains) and for components manufacture (offering new applications). As a global corporation for technology and systems, regional fluctuations in business in Europe, Asia and America cancelled each other out across the various segments, giving a positive overall picture. In the components manufacture segments, which operate around the world out of eleven Group locations, the subdued climate in the USA was more than offset by steady growth in Europe and Japan. By investing in modern production plant, research and development, as well as in training at all levels - notably with regard to environmental certification at the Lyss site - Feintool is working hard to safeguard future success. In addition, analyses have been launched and measures taken in hand to bring about a short- to medium-term improvement in capacity utilization at factories in the US, Biberist (Switzerland) and Lamphun (Thailand), which had temporarily declined owing to lower call-ups on existing orders or delays in project start-ups. Greater attention will be paid to sales of presses in Japan, which have not kept up with market growth in recent years. The Fineblanking/Forming segment increased its year-on-year sales once more, posting a 4.7% gain from CHF 304.9 million to CHF 319.2 million. It contributed 63.4% to Group sales (previous year: 62.1%) and raised EBIT from CHF 24.2 million to CHF 25.1 million (up 3.7% on the 2004-2005 figure). Both brands of presses and systems, Feintool and Schmid, posted another record result: thanks in part to new customer acquisitions, their figures come in just above the previous year. In the components business, the European and Japanese facilities both increased their sales once more, whereas the US companies saw a year-on-year fall in revenues. The Automation segment focused on higher-margin projects, nudging its sales up from CHF 110.6 million to CHF 111.1 million. EBIT rose more substantially - from CHF 6.2 million in the previous year to CHF 8.9 million. The segment's share of consolidated sales totalled 22.1% (previous year: 22.6%). All three business units - Automation Systems, Automation Components and Fastening Systems - contributed equally to the good result. Systems also made inroads into new sectors and fields of application. The Plastic/Metal Components segment was faced with fiercer global competition and internal restructuring. In an extremely challenging market setting, sales declined to CHF 72.9 million (previous year: CHF 75.2 million) and EBIT dropped to CHF 0.2 million (previous year: CHF 3.6 million). The segment accounted for 14.5% (previous year: 15.3%) of consolidated sales. The new factory in Lamphun, still in the start-up phase, made a negative contribution. Rise in investments and liquidity The consolidated cash flow statement shows a rise in cash flows from operating activities (up from CHF 30.8 million to CHF 38.2 million). Despite investment totalling CHF 21.7 million in property, plant and equipment (previous year: CHF 23.0 million), liquidity rose from CHF 14.9 million to CHF 24.5 million. Solid balance sheet structures At CHF 426.7 million, total assets were slightly higher than the year-back figure of CHF 417.9 million. Equity rose by CHF 7.0 million to CHF 140.1 million, and the equity ratio improved accordingly from 31.8% in 2004-2005 to 32.8%. Headcount declined slightly to 1,742 (previous year: 1,799); in addition, 91 apprentices are being trained at Feintool. With orders in hand again topping the previous year's record figure of CHF 171 million, Feintool is starting the 2006-2007 financial year on a sound footing. Key figures (CHF m) 05/06 Previous year Change % Consolidated sales 501.0 487.2 + 2.8 Fineblanking/Forming 319.2 304.9 + 4.7 Automation 111.1 110.6 + 0.5 Plastic/Metal Components 72.9 75.2 - 3.1 EBITDA 49.2 46.1 + 6.7 Operating result 28.5 26.7 + 6.7 Consolidated net income 15.6 14.6 + 6.9 Total assets 426.7 417.9 + 2.1 Shareholders' equity 140.1 133.1 + 5.3 Net indebtedness 138.0 143.1 - 3.6 Orders in hand 171.0 165.6 + 3.3 Headcount* 1742 1799 - 3.1 (*as at 30.9.06; does not include 91 apprentices) For further information, please contact: Reto Welte, CFO, Heinz Loosli, Head of System Parts Division - both co-CEOs ad interim Phone +41 (0)32 387 51 11 Feintool is a leading technology and systems provider in fineblanking/forming and automation. It is also a supplier of metal and plastic components. Feintool operates globally at the company's own facilities in Switzerland (head office in Lyss), Germany, France, Italy, Great Britain, the United States, Japan, China and Thailand, where around 1800 employees are committed to customer satisfaction. Feintool International Holding Industriering 8, CH-3250 Lyss Phone +41 (0)32 387 51 11 Fax +41 (0)32 387 57 81 feintool-fim@feintool.com www.feintool.com Corporate Communications Urs Feitknecht Phone +41 (0)32 387 51 63 Mobile 079 204 41 13 Fax +41 (0)32 387 54 16 urs.feitknecht@feintool.com The media release can be downloaded from the following link: --- End of Message --- WKN: 905428; ISIN: CH0009320091 ; Index: SPI, SPIEX, SSCI; Listed: Main Market in SWX Swiss Exchange;


 

US SUMMARY: Retail Fears Grip Market DJIA 12121.71 loss 158.46 dn 1.3% NASDAQ 2405.92 loss 54.34 dn 2.2% S&P 500 1381.90 loss 19.05 dn 1.4% Dow Future 12141.00 gain 4.00 0.0% NASDAQ Future 1779.75 gain 0.75 0.0% S&P Future 1383.75 gain 0.25 0.0% Euro-USD 1.3134 gain 0.0002 up 0.01% 10-Yr US Treasury: 4.53% down 0.01 (Futures values, Treasury, EUR/USD Data as of 0550 GMT) Wall Street had its worst day in more than four months Monday as the dollar weakened and concerns about the strength of the retail industry arose following a rare sales decline at Wal-Mart Stores. Treasurys and oil rose. STOCKS: "There is now significant concern that the holiday retail season is going to underperform," said Gregory Miller, chief economist at SunTrust Banks. "Traffic doesnt necessarily translate into profits," he said, referring to reports of crowded stores over the weekend. The dollars fall raised concerns that foreign investors were sensing weakness in the U.S. economy and would pull some of their investments from U.S. markets. Beyond the weak dollar and news from Wal-Mart, some retrenchment was to be expected as investors seek to preserve their profits after stocks have soared the past two months. "A little bit of profit-taking is healthy at this point, said Jim Russell, director of core equity strategy for Fifth-Third Asset Management. "The market went up a little bit too far, too fast. Folks have made big money just in the past two or three months and are perhaps looking to lock in gains before the end of the year." He contends that while the weak dollar and the Wal-Mart news caught Wall Street by surprise, investors shouldnt have fundamental concerns about the health of the market. Miller of SunTrust remains concerned that the overall economy might be weaker than some investors had believed when they sent stocks higher in recent months. In corporate news, the U.S. Supreme Court on Monday refused to consider reinstating a $10.1 billion tobacco judgment against Philip Morris. In arranging to borrow as much as $18 billion, Ford Motor is making a massive bet that by pledging its assets as collateral, it can take advantage of buoyant debt markets to help pay for a difficult and costly restructuring, The Wall Street Journal reports. FOREX: The dollar, which is likely to trade under mild pressure in Europe, continued to slide versus its European rivals Monday, but at a gentler pace than seen late last week. The euro, which closed in New York at around 1.3135, backed down from its session high of $1.3180, but still ended well above Fridays late quote of 1.3100. A combination of slowing U.S. growth, narrowing interest-rate differentials and diversification of central bank reserves have created a dollar-negative environment. But the extent of the greenbacks current slide remains unclear. BONDS: U.S. Treasury prices were higher Monday as investors reacted to a weakening equities market and prepared for Tuesdays housing and consumer confidence data. Richard Gilhooly, senior fixed-income strategist at BNP Paribas, said the move lower in yield for the 10-year note is "very conditional on the stock market." Gilhooly also attributed the price gains to investors buying Treasurys ahead of Tuesdays release of October existing-home sales data. Economists expect that data to be weaker than the prior months. Every recent piece of housing data "has been reason to rally," Gilhooly said Tuesday, investors will face the first key data of the week, after several sessions devoid of key data or comments from Federal Reserve speakers. Durable goods orders and existing home sales are expected to drop. Consumer confidence data are expected to rise a touch. The bond market will also see new supply in the form of $20 billion in two-year notes to be auctioned by the Treasury Department Tuesday. Fed Chairman Ben Bernanke will speak and Philadelphia Fed President Charles Plosser will speak on current economic conditions. Analysts said they anticipate Bernanke to stick to the Feds recent message: the risks of inflation are still greater than the downside risks for growth. OIL: Light, sweet crude was up $1.08 at $60.32 a barrel on the New York Mercantile Exchange. Crude prices gained ground after an attack on an oil facility in Iraq and comments by Saudi Arabias oil minister that OPEC could consider further production cuts next month. ASIAN SUMMARY: US Worry Sinks Stock Markets; Oil Up USD-Yen 116.06 loss 0.02 dn 0.01% AUD-USD 0.7786 0.0000 0.00% Nikkei 225 15825.39 loss 59.99 dn 0.4% Hang Seng 18843.67 loss 360.30 dn 1.9% S&P/ASX 200 5367.80 loss 64.70 dn 1.2% Taiwan Index 7444.94 loss 53.21 dn 0.7% S.Korea Kospi 1411.67 loss 13.46 dn 0.9% JGB 10-year Yield 1.6550% down 0.0050 (All values as of 0550 GMT) STOCKS: Asian stocks were sharply lower Tuesday as investors dumped export shares such as Honda Motor and Matsushita Electric amid concerns over the U.S. economic outlook. ABN Amros head of Sydney sales trading, Justin Gallagher, said a sharp rise in the oil price could hurt the U.S. stock market. "If oil moves up into the mid-$60s, the concerns we had six-months ago will be raised again," he said. FOREX: The yen gained on the dollar after the dismal performance in U.S. stocks overnight, signaling fears about U.S. economic expansion. For now, the dollar is likely to trade between Y115.80 and Y116.20, dealers said. BONDS: Prices of Japans government bonds held mixed, even after a decently received 2-year auction. Dealers said investors were waiting for Bank of Japan Governor Toshihiko Fukuis news conference due Tuesday. Earlier Fukui said the central bank will gradually adjust interest rates on the basis of economic activity and price moves. METALS: Spot gold was down 65 cents at $639.80, but remained in good technical shape, and eventually could target $655, dealers said. Copper futures were slightly higher, underpinned by assorted supportive news, largely pointing to less supply. OIL: Prices rose 15 cents to $604.7 Tuesday after the Saudi oil minister hinted that OPEC could further reduce output. "OPEC has been saying this for weeks now, but when the Saudis say it, the markets take it more seriously," Tom Bentz, a broker at BNP Paribas Commodity Futures in New York, said Monday. EUROPEAN OUTLOOK: US Worries To Dent Stocks Euro-USD 1.3134 gain 0.0002 up 0.01% Stlg-USD 1.9379 gain 0.0004 up 0.02% USD-Franc 1.2064 0.0000 0.00% (All values as of 0550 GMT) European stocks are likely to open lower, with government debt prices trying to recover and the euro holding steady. STOCKS: Concerns that the U.S. economy is struggling are likely to hit European markets at the open, although the rise in oil will cap losses on the commodities-heavy London FTSE. U.K. spreadbettor CMC Markets is calling the FTSE down 9 points at 6041, the DAX down 34 at 6264 and the CAC down 25 at 5283. European shares dropped sharply on Monday, with continued weakness in dollar-sensitive stocks such as software giant SAP offsetting better-than-forecast results from German drugmaker Bayer. FOREX: The euro is holding recent gains, but has some resistance at around $1.3160. Support comes at $1.3100. Corporate and institutional investors may be key to just how much further the dollar will slip this year. "The risk now is that corporate investors panic and throw in the towel on the dollar," said David Woo, director and head of foreign exchange strategy at Barclays Capital in London. European exporters are long dollar and under-hedged, and want to know if its time to start hedging against dollar weakness, according to Woo. "Weve spoken to corporate clients in the past couple days and theyre definitely nervous," Woo said. Corporate investors tend to have a herd mentality toward such moves, he added, so that if the $1.33 mark is breached, serious dollar bloodletting could take place. "The question were all asking is what will the corporates do?" he said. "The real money players will have a say in cementing this move and making it move durable," Ashraf Laidi, chief foreign exchange analyst at CMC Capital Markets said referring to institutional investors. "There is going to be a gradual build up of non- speculative positions in currencies such as the pound and the euro against the U.S. dollar," he said. BONDS: European government bond prices, trying to mount a rebound, fell Monday as investors booked profits from Fridays sharp gains now that the driver of these gains, the euro, is struggling to make further headway. And the outlook for bonds may well remain negative for much of the week, with analysts at Bear Stearns citing expectations of reasonably robust data, increased bond issuance, the Federal Reserves Beige Book and the prospect of next weeks European Central Bank rate hike. Tuesdays euro-zone data calendar offers October M3 money supply. And with both M3 and private-sector loan growth picking up again over the last months the data will probably create worries for the "monetarist" hawks at the ECB. Gilts shadowed bunds lower Monday with additional downside pressure coming from the Hometrack report on house prices showing the fastest annual rate of increase since August 2004. The U.K. economy may be able to grow more rapidly than previously thought without generating above-target inflation, Bank of England Governor Rachel Lomax said Monday. Lomax also said the risk that the U.K.s inflation rate will exceed the 3% upper limit of the Bank of Englands target band has lessened since August as oil prices have fallen and the pound has strengthened. CALENDAR: Tuesday, Nov 28: US Durables; Feds Bernanke GMT Expected Previous 0710 GER Nov Consumer Climate Survey 9.3 9.2 0745 FRA Oct Housing Starts 0745 FRA Q3 New Home Sales 0900 EU Oct Monetary developments in the euro area 0900 US Tsy Secy Paulson addresses Confederation Of British Industries conference in London 1000 FRA OECD Economic Outlook 1115 EU ECB Main Refi Ops Bids 1245 US Nov 25 ICSC Chain Store Sales +1.2% 1330 US Oct Durable Goods -4.2% +8.3% 1355 US Nov 25 Redbook Retail Sales Index +0.2% 1500 US Oct Existing Home Sales -0.6% -1.9% 1500 US Nov Richmond Fed Mfg Index -2 1500 US Nov Conference Board Consumer Confidence 106.0 105.4 Index 1530 EU ECB Long-Term Refi Ops Bids 1730 US Ex-Fed Chmn Greenspan speaks at an investors conference in New York 1730 US Philadelphia Fed Pres Plosser speaks on the economy in Rochester, N.Y. 1730 US Fed Chairman Bernanke speaks on the economic outlook in New York 2130 US Chicago Fed Pres Moskow speaks on the U.S. economic outlook at a Dow Jones Indexes panel discussion in Chicago 2200 US Nov 26 ABC/Washington Post Consumer Confidence 0 Index 2350 JPN Oct Indus Production, prelim -0.4%MM -0.7%MM 2350 JPN Nov Provisional Trade Statistics for 1st 10 days of Month De La Rue (DLAR.LN): 1H Earnings Average pretax pre-items profit (Co, 4 analysts): GBP42.5M (GBP30.6M) Note: Evolution says interims should reflect strong trading in the Security Paper & Print division as well as significant improvement in Cash Systems. Results are expected to be boosted by paper print volumes. Evolution says there is scope for funds to be returned to shareholders as the company has significant excess cash. Says this likely to be via a special dividend. Grainger Trust (GRI.LN): FY Earnings Average NAV per share (DJ, 4 analysts): 665.5p (491p at 1H 2006) Note: NAV growth is expected to be driven by valuation uplift and the strong residential market. Pretax pre-item profit is seen down at GBP26.7M from a restated figure of GBP35.6M a year earlier due to exceptionals in 05 following restructuring of the companys development arm. Kingston Communications (KCOM.LN): 1H Earnings Average pretax profit (DJ, 5 analysts): GBP10.8M (GBP3.1M) Average revenue: GBP235.8M (GBP223.9M) Note: Investec expects the strategic repositioning of Affiniti, the companys communications integrator, to be in full swing. Says a higher proportion of revenues from subscriptions and rising broadband valuations will underpin Eclipse. Nokia (NOK) Capital Markets Day Note: Some analysts see a chance the company may back away from its 17% operating margin target after consolidation of Siemens network operations. Also awaited is any update to company estimate of global mobile phone market in 2006. Last estimate given in October was for 970 million units. Nokias most recent outlook was for its own market share in 2006 to rise in both mobile devices and infrastructure. Old Mutual (OML.LN): 9-Month Earnings Average adjusted operating profit (Co, 8 analysts): GBP1.13B Note: Comparisons for 05 are not available because the company is including the Skandia acquisition for the first time in its results. Keefe, Bruyette & Woods expects to see synergy benefits from 07 onwards, although restructuring costs will still be evident. Expects a "significant" upgrade in dividend policy in the new year to signal to shareholders that Old Mutual is a growth company. OTHER SCHEDULED EVENTS: AFC Ajax (01803.AE): AGM Air Berlin (AB1.XE): 3Q Earnings Airox: 3Q Sales Artumas Group (AGI.OS): 3Q Earnings Barclays (BARC.LN): Trading Update Barratt Developments (BDEV.LN): AGM BioTie Therapies Corp (BTH1V.HE): EGM Carter & Carter (CART.LN): AGM CeWe Color Holding (CWC.XE): 3Q Earnings Charterhouse Communications (CHO.LN): FY Earnings Dan-Ejendomme Holding (DEH.KO): 3Q Earnings Deutsche Wohnen (DWN.XE): FY Earnings Eckoh Technologies (ECK.LN): 1H Earnings F.E Bording (BORD-B.KO): 3Q Earnings Feintool International Holding (): FY Earnings Frontline (FTON.EB): 3Q Earnings GB Group (GBG.LN): 1H Earnings GCap Media (GCAP.LN): 1H Earnings Global Geo Services (GGS.OS): EGM Greentech Energy Systems (GES.KO): 3Q Earnings IMAREX NOS (IMAREX.OS): 3Q Earnings Intermediate Capital Group (ICP.LN): 1H Earnings Jetix Europe (35252.AE): FY Earnings Kloeckner & Co (KCO.XE): 3Q Earnings LION Bioscience (LIO.XE): AGM Martin Currie Income & Growth Trust (MGTC.LN): 1H Earnings Media Corporation (MDC.LN): FY Earnings Naspers (NPSN): 1H Earnings Neue Sentimental Film (NF7.XE): 3Q Earnings Oasis Healthcare (OSH.LN): 1H Earnings Onetwocom (O2C.SK): 3Q Earnings Piscines Desjoyaux (6160.FR): FY Earnings Renew Holdings (RNWH.LN): FY Earnings SAF (SAF1R.RG): 3Q Earnings Silicon Sensor International (SIS.XE): 3Q Earnings Topps Tiles (TPT.LN): FY Earnings Torotrak (TRK.LN): 1H Earnings Tribal Group (TRB.LN): 1H Earnings Unilabs (ULB.EB): AGM WizCom Technologies (WZM.XE): 3Q Earnings ABC Arbitrage (404060.FR): 1H 2006 Ex-Dividend Date (END) Dow Jones Newswires


 

LIMERICK, Ireland, Nov. 28, 2006 (PRIME NEWSWIRE) -- Genesis Lease Limited ("Genesis") announced today that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission in connection with its planned initial public offering of 27,860,000 common shares in the form of American Depositary Shares ("ADSs"). Genesis also granted the underwriters an option to purchase up to 4,179,000 additional ADSs to cover over-allotments. The ADSs have been approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the symbol "GLS". Genesis is a newly organized company formed to acquire and lease commercial jet aircraft and other aviation assets. Genesis intends to leverage the worldwide platform of GE Commercial Aviation Services Limited, or GECAS, to service its portfolio of leases, allowing management to focus on executing its growth strategy. Genesis intends to use the proceeds of the initial public offering to acquire a portfolio of 41 commercial jet aircraft from affiliates of GE. Citigroup Global Markets Inc. is the Global Coordinator for the offering. The offering will be book-run by Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. A copy of the prospectus relating to these securities may be obtained when available from Citigroup Corporate and Investment Banking, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, (Tel: 718-765-6732), or JPMorgan, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, (Tel: 718-242-8002). A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. For further information about Genesis Lease Limited, please visit www.genesislease.com or contact: Company Contact: John McMahon Genesis Lease Limited Chief Executive Officer Roselawn House, University Business Complex Tel: +1-914-595-4874 National Technology Park john.mcmahon@genesislease.com Limerick, Ireland Statements in this press release may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different.


 

London, England - November 27, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Børs: SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 21,000 of SNSA Common Shares on the Oslo Børs at an average price of NOK 194.21 per share (approximately $30.80 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares. Accordingly, in conformity with applicable Oslo Børs requirements, we report that Stolt-Nielsen S.A., through its wholly-owned subsidiary, Stolt-Nielsen Transportation Group Ltd., after this transaction has the following ownership (in the aggregate) in Stolt-Nielsen S.A., whose Common Shares are secondarily listed on the Oslo Børs with primary listing (through ADS arrangements) in the United States: Total number of Common Shares purchased: 21,000 Total number of Common Shares owned after purchase: 6,491,600 Percentage of issued shares of such class of shares following such purchase: 9.8% Including today's purchases, the Company has purchased Common Shares totaling approximately $188.9 million under the $200 million repurchase program announced on August 25, 2005. All Common Shares purchased by SNTG are classified as non-voting shares held in Treasury and issued but not outstanding. Any further buyback transactions will be disclosed through the disclosure system of the Oslo Børs, a press release, and on the Company's website at www.stolt-nielsen.com. Contact: Richard M. Lemanski U.S. 1 203 299 3604 rlemanski@stolt.com Jan Chr. Engelhardtsen UK 44 20 7611 8972 jengelhardtsen@stolt.com About Stolt-Nielsen S.A. Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly-owned subsidiary Stolt-Nielsen Transportation Group, provides integrated transportation for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot and Southern bluefin tuna. Forward-looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and uncertainties. The following factors, and others which are discussed in the Company's public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from the Company's forward-looking statements: the general economic conditions and competition in the markets and businesses in which the Company operates; changes in the supply of and demand for parcel tanker, tank container and terminal capacity in the markets in which the Company operates; changes in the supply of and demand for the products we transport, particularly the bulk liquids, chemicals and other specialty liquids that form the majority of the products that we transport; prevailing market rates for the transportation services that the Company offers and the fish products that the Company sells; changes in bunker fuel prices; the cost and feasibility of maintaining and replacing the Company's older ships and building or purchasing new ships; uncertainties inherent in operating internationally; the outcome of legal proceedings; the Company's relationship with significant customers; the outcome of discussions with customers concerning potential antitrust claims; the impact of negative publicity; environmental challenges and natural conditions facing the Company's aquaculture business; the impact of laws and regulations; operating hazards, including marine disasters, spills or environmental damage; the conditions and factors that may influence the decision to issue future dividends; and the market for long-term debt. Many of these factors are beyond the Company's ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements. Should one or more of these risks or uncertainties occur, or should management's assumptions or estimates prove incorrect, actual results and events may vary materially from those discussed in the forward-looking statements. - end text -


 

Airline Orders Three New CRJ700 Aircraft TORONTO, ONTARIO -- (MARKET WIRE) -- November 27, 2006 -- Bombardier Aerospace announced today that Brit Air of Morlaix, Brittany, France has placed a firm order for three more Bombardier CRJ700 regional jets. The contract based on CRJ700 aircraft list prices is valued at approximately $97 million US. Brit Air, a wholly owned subsidiary of Air France, currently reports a CRJ fleet of 19 50-passenger CRJ100 and 12 72-passenger CRJ700 aircraft. The three new CRJ700 aircraft will be used to further increase capacity, and to replace three existing CRJ100 aircraft that are coming off lease." "The Bombardier CRJ700 has proven its low seat-mile costs within Brit Air and Air France's networks, and demonstrated the benefit of commonality within the CRJ Series," said Marc Lamidey, President and Chief Executive Officer, Brit Air. "These three additional CRJ700 aircraft will provide the needed flexibility to meet Brit Air's requirement for additional capacity." "We are very proud of what our regional jets have accomplished on behalf of Brit Air and the Air France Group," said Steven Ridolfi, President, Bombardier Regional Aircraft. "The Bombardier CRJ700 has won high praise from its operators because of the aircraft's low operating costs - the lowest of any 70-seat regional jet - reliability, performance and efficiency. Passengers enjoy the well-lit, spacious and quiet cabin." About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com. Bombardier, CRJ, CRJ100 and CRJ700 are trademarks of Bombardier Inc. or its subsidiaries. Notes to Editors Images of Brit Air CRJ700 aircraft are available in our Multimedia Library at: www.aero.bombardier.com/htmen/F15.jsp. Contacts: Bombardier Aerospace Marc Holloran 416-375-3030 www.bombardier.com


 

BILTHOVEN, the Netherlands, November 27, 2006 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) released the voting results for proposals presented at the Extraordinary General Meeting of Shareholders (EGM) held today in Zeist, the Netherlands. Shareholders supported the Company's Boards on all proposals: the appointment of directors; the viability of the current corporate structure; and changes in the Company's Articles of Association. Election of Directors ASMI congratulates Mr. Lee Wai Kwong, CEO-elect of ASM Pacific Technology, Ltd., on his appointment to the Management Board, effective January 1, 2007; and Mr. Heinrich W. Kreutzer on his appointment to the Supervisory Board effective immediately. Motion to Split ASMI Front-end and Back-end Activities Shareholders strongly supported Management's position that the present corporate structure combining wafer processing and assembly/packaging activities offers the greatest potential for ASMI's future and for improving shareholder value. A significant majority of the votes cast voted against a non-binding motion to split ASMI's businesses into two separate components. Articles of Association ASMI shareholders also approved changes in the Company's Articles of Association, which among other matters increase shareholder participation in voting procedures for the appointment of Management and Supervisory Board members. Commenting on the outcome of the voting, Arthur del Prado, ASMI President and CEO, said, "Shareholders have strongly expressed their views on the corporate structure. Management will continue to focus on bringing front-end operations to consistent profitability in the near future and continue to build a strong, innovative company that will promote the growth of shareholder value." About ASM International ASM International N.V., headquartered in Bilthoven, the Netherlands, and its subsidiaries design and manufacture equipment and materials used to produce semiconductor devices. ASM International and its subsidiaries provide production solutions for wafer processing (Front-end segment) as well as assembly and packaging (Back-end segment) through facilities in the United States, Europe, Japan and Asia. ASM International's common stock trades on NASDAQ (symbol ASMI) and the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit ASMI's website at http://www.asm.com. Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: All matters discussed in this statement, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholder and other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, epidemics and other risks indicated in the Company's filings from time to time with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's reports on Form 20-F and Form 6-K. The Company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances. Contacts: Naud van der Ven, CFO ASM International; + 31 30 229 85 40 Erik Kamerbeek, Director of Investor Relations; + 31 30 229 85 00 Mary Jo Dieckhaus, US Investor Relations; +1 212 986 29 00


 

Order Inquiries Total Almost 80,000 Square Feet Of Housing VANCOUVER, British Columbia, November 27, 2006 - Maple Seal Homes Ltd. "MSH" the wholly owned Canadian subsidiary of Maisonette International Enterprises Ltd. "the Company" (PINKSHEETS:MAEN) http://www.maisonetteworld.com is pleased to announce that it has been receiving several more inquiries for its panelized prefabricated homes to be shipped in France. The inquiries are being investigated and estimated and represent potential orders for the year 2007 and beyond. Maple Seal Homes is planning to formally establish a Joint-Venture Partnership with a French entity for all of the French territory sales no later than the end of January 2008. This partnership will give MSH added leverage and a qualified sales force in order to prepare for the aggressive marketing campaign it is about to embark in France. MSH is targeting a goal of fifty thousand square feet minimum per year of home sales in France alone from 2008 onward. Other territories that could be negotiated with that same partnership will include Belgium and Switzerland. Maple Seal Homes is also gaining a price advantage as the European Currency is appreciating greatly against the US and Canadian dollars. This helps companies like MSH as it quotes its prices in Canadian Dollars only and does not perform any hedging. The potential orders represent now approximately eighty thousand square feet of housing and MSH is expecting double this amount in estimates before the second half of 2007. In addition to the french orders, MSH is expected to close on more orders from the United Kingdom as well. Orders for Switzerland and Belgium are expected to come in 2008 and beyond. MSH holds an exclusivity of distribution on eight European countries with options for more if sales warrant the expansion. MSH is also working on finalizing its website design in French language by the middle to the end of December of this year, and its English language website is already functioning and generating leads from the United Kingdom. The website www.maplesealhomes.com will feature several model homes and will have a special section for projects already under construction. Reporting from Switzerland, Alain Ghiai, Chairman of the Board of Directors of the Company and Managing director of MSH added: "We are very pleased to see that inquiries are coming so early in the state of the sales and marketing process in France. The Company is confident that now it has a clear path of profitability for its shareholders as sales and profits are expected on a yearly basis for the first time in 2007. Our move to sell homes in France is part of a long term strategy we are developing in order to spread our sales market to other countries in Europe. France represents a big opportunity for MSH as a quality Canadian panelized wooden homes seller. We hope to close our first deal in France in the next three months." About Maisonette International Enterprises Ltd. Maisonette International Enterprises Ltd. is a publicly held holding company incorporated in Nevada, USA. Its primary asset is a 100% wholly owned Canadian company called Maple Seal Homes Ltd. (www.maplesealhomes.com) with its primary activity being the sale and distribution of panelized prefabricated housing and building materials for the general public and professionals. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking information. Media Contact: Globus Media Ltd. investors@maisonetteworld.com www.maisonetteworld.com powered by www.globusmedia.ca


 

Cisco Announces Huge Growth in Partner Numbers and 5,000 Days of Free Instructor-Led Training for SMB Focussed Partners MILAN, ITALY -- (MARKET WIRE) -- November 27, 2006 -- Cisco® (NASDAQ: CSCO) demonstrated the continued success of its SMB Select Partner program today by announcing at the Cisco European Channel and SMB Press Forum in Milan that it had doubled its number of partners in Europe to more than 2,300 members this year. Cisco also announced two new initiatives, the Unified Communications Accelerator Program and SMB University, which will deliver 5,000 days of free instructor-led training to Cisco partners. The improved program has been introduced to address the increasing need for skilled partners specialising in providing security, wireless and especially voice solutions to small and medium-sized businesses. Launched in 2004, the Cisco SMB Select Partner program offers incentives and resources specifically geared to support partners who provide a valuable service to organisations of between 20 and 249 employees. SMB University is being launched across all of Europe to provide free instructor-led training, and the Unified Communications Accelerator Program has been developed to address a growing demand for Unified Communications technologies. "The lack of skilled staff for partners and even at their customers is a major issue today, and Cisco has gone a long way in helping its SMB Select Partners train their staffs in addressing technologies such as wireless, security and Unified Communications," says Keith Humphries, managing consultant for EuroLan. "SMB customers look for solutions and not products, and Cisco's SMB Select Partner program allows partners to become skilled in selling more solutions, becoming their trusted advisor and relieving them of their pain points." SMB University has been running in Latin America for the past eight months, developing a breadth of skills among SMB-focussed partners. As a result of its success, the expert training is rolling out across 21 countries in Europe. Primarily an instructor-led initiative with updates and refresher training provided online, it offers daylong courses with both foundation and technology-focussed sessions on security, wireless and Unified Communications. All training is free of charge to SMB Select Partners. Cisco's SMB University also helps partners by providing training in the general sales skills needed to sell technology to SMBs. As small and medium-sized businesses continue to demand integrated voice and data networks, which enable the deployment of smart, simple and highly secure solutions that help improve customer responsiveness, the Unified Communications Accelerator Program will provide comprehensive free training focussed on voice. The program offers SMB Select Partners four days of instructor-led training focussed exclusively on Unified Communications technologies. Two days of the program focus on training in sales, and the remaining two provide hands-on technical training. Cisco also announced details of its first global SMB Select Partner survey. More than 1,200 European partners participated in the research that highlights the considerable value of Cisco's SMB-focussed partner program. Eighty-nine per cent of the European respondents stated that the SMB Select Partner Program was either important or very important to them. The research also highlighted that Cisco's partners believe that quality support services and a strong knowledge of a customer's business are the two main factors in ensuring customer loyalty among small businesses. "The adoption of the SMB Select Partner program by our partners has been incredible, and it continues to flourish. This is an increasing part of our business and we need to ensure that our customers can easily address their technology needs. As we see demand for wireless, security and especially voice solutions flourish, our aim is to ensure that the SMB Select Partner program continues to evolve alongside this growing trend," said Andreas Dohmen, vice president of European Channels, Cisco. The Unified Communications Accelerator Program is available now in UK and the Netherlands and will be introduced across the rest of Europe in the coming six months. SMB University will start providing training to partners this December. About Cisco Systems Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. Cisco equipment in Europe is supplied by Cisco Systems International BV, a wholly owned subsidiary of Cisco Systems, Inc. Cisco, the Cisco logo, Cisco Systems, and the Cisco Systems logo are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and used by them or by affiliates under license in certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information. Cisco Press & Analyst Contact: Simon Skinner Cisco Systems, Inc. +44 20 8824 6256 siskinne@cisco.com Investor Relations Contact: Aimee Fuller Cisco Systems, Inc. +44 20 8824 0874 asfuller@cisco.com


 

Tanganyika Oil Company Ltd Tuesday the 28th of November at 09.30 am CET President and CEO, Gary Guidry, presents a Corporate Update and the encouraging results in Syria. The presentation will be held in English. http://www.mamato.se/clients/fine/tanganyika/061128/


 

Verifies Operational Controls Used for Middle-, Back-Office and Fund Administration and Reporting Services LONDON and NEW YORK, Nov. 27, 2006 (PRIME NEWSWIRE) -- GlobeOp Financial Services, which provides specialized administration and risk reporting services to hedge funds and asset management firms, today announced the successful completion of a Type 1 SAS 70 review of its middle-, back-office and fund accounting services by accounting and auditing firm Ernst & Young. The Statement on Auditing Standards (SAS) No. 70, Service Organizations, is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). SAS 70 is the authoritative guidance that allows a service organization to disclose its control activities -- which generally include controls over information technology and related processes -- to its customers and customers' auditors in a uniform reporting format. The independent audit against SAS 70 criteria evaluated GlobeOp's description of controls and confirmed the controls were suitably designed to achieve specified control objectives. "The SAS 70 report confirms that GlobeOp's operational controls meet the standards required," said Vernon Barback, GlobeOp president and chief operating officer. "We are proud of this accomplishment because it reinforces our commitment to delivering best-of-breed service to our clients. We genuinely believe we have the best processes and technology in the business and look forward to sharing the report and its results with our clients on a confidential basis. For hedge fund managers and their investors, the SAS 70 certification recognizes that our processes and controls around our information technology environment are designed to exacting standards." Included in the scope of the audit were GlobeOp's internal controls that support its transaction processing, position reconciliation, cash receipts and disbursements, investment valuation, month-end process and new fund set-up procedures. The audit also reviewed IT controls in relation to logical and physical security, data transmission, change and problem management, and system back-up and recovery processes. About GlobeOp Financial Services GlobeOp(r) is a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms -- including banks, insurance companies, pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp for access to seamless, reliable Web-based accounting and valuation, processing and settlement services, investor relations, shareholder records and reporting. Partnering with GlobeOp reduces technology investments and operational risks, and focuses client resources on asset generation and portfolio management. GlobeOp's innovative, robust yet flexible technology is available either as a complete solution or can be tailored to specific customer requirements. Established in 2000, GlobeOp today serves a growing base of diverse international clients with more than $110 billion in assets under management. Headquartered in London and New York, GlobeOp employs 1,500 people on three continents; offices are also located in George Town, Cayman Islands; Harrison, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. www.globeop.com Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995 Statements in this news release may constitute "forward-looking statements." Such forward-looking statements may include, without limitation, statements about future performance, growth and strategy. Forward-looking statements are based on current expectations and assumptions and inherently involve risk and uncertainties. Accordingly, actual results may differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, competition, loss of clients or a reduction in business received from clients, failure to retain key management and employees, success of new services, reputational harm, natural disasters, disruption of crucial computer and communications systems, regulation, pending, threatened or future legal proceedings, general economic conditions and other factors, including those impacting the hedge fund industry generally, such as changes in the market environment, decreased growth rates and industry consolidation. GlobeOp disclaims any intent or obligation to update any forward-looking statements. GlobeOp, GFS, www.globeop.com, and GlobeOp's "G" logo are trade and service marks of GlobeOp Financial Services LLC or its affiliates. In addition, all other content, trademarks, service marks, trade names, logos, and icons are proprietary to GlobeOp Financial Services, SA or its affiliates, licensors or agents. All other products or company names herein may be trade and/or service marks of their respective owners. CONTACT: PondelWilkinson Inc. Judy Sfetcu / Angie Chen (310) 279-5980 JSfetcu@pondel.com / AChen@pondel.com


 

Nordic Business Report-November 27, 2006-Icelandic owners of Wyndeham Press in sale talks with UK fund (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Icelandic owners of British printing company Wyndeham Press Group, part of Icelandic conglomerate 365, are in talks with a UK-based investment company regarding the sale of the company, sources close to the situation said on Friday (24 November). It will be disclosed in the coming weeks which company is involved, the sources added. If the discussions lead to a sale Wyndeham will be sold for the second time this year. Icelands Dagsbrun, which has now been split up into 365 and Teymi, acquired Wyndeham for GBP81m earlier this year. On 15 November Dagsbrun issued a ISK1.5m (GBP11m) profit warning regarding the sale of Wyndeham. One British pound (GBP) is worth approximately 129.46 Icelandic kronur (ISK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Apollo VCT 1 plc announces that at a board meeting held on 27 November 2006, 80,200 Ordinary Shares of 10 pence each were issued and allotted to 6 subscribers at a price of 100 pence per share under the Offer for Subscription. The current issued share capital of the Company is now 1,443,168 Ordinary Shares. Application for the new shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made at the earliest practical opportunity. ENDS ---END OF MESSAGE---


 
Hitt og þetta
27. nóvember 2006

Net Asset Value(s)

Advance Developing Markets Trust plc announces that its unaudited Net Asset Value (NAV) as at the close of business on 24 November 2006 was £279.767 millions, representing a NAV of 354.25p per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/ ---END OF MESSAGE---


 

H. Lundbeck A/S and Biotie Therapies Corp. have today signed an agreement on worldwide rights for nalmefene, excluding North America, Mexico, UK, Ireland, Turkey, and South-Korea. Under the terms of the agreement, BioTie has granted Lundbeck an exclusive license to market and distribute nalmefene as a prescription medicine for the treatment of substance abuse disorders and impulse control disorders. Under the terms of the agreement, BioTie will receive an execution fee of EUR 15 million, of which EUR 10 million is payable on signing. The license enters into force in 2007. In total, BioTie is eligible for up to EUR 88 million in upfront and milestone payments plus royalty on sales. Lundbeck will be responsible for manufacturing and registration of the product in its territory. BioTie has recently announced that it has submitted the first Marketing Authorisation Application on nalmefene for the treatment of alcohol dependence to the Medicines and Healthcare products Regulatory Authority (MHRA) in the UK. UK acts as reference in the Mutual Recognition Process for EU approval. Timo Veromaa, President and CEO of BioTie, said: "We are extremely pleased to have Lundbeck as our partner for nalmefene. Lundbeck is a global leader in therapeutics for psychiatric disorders, which makes it an ideal partner for BioTie. With this agreement we now have partnered the product worldwide and expect it to generate significant revenues to the company in the long term." Claus Bræstrup, President and CEO of H. Lundbeck A/S, said: "Nalmefene has a significant potential for helping patients with alcohol abuse. Alcohol abuse is comorbid among patients suffering from depression and schizophrenia as well as other psychiatric disorders and alcohol abuse constitute a major health and social problem." About nalmefene Nalmefene is a specific opioid receptor antagonist. BioTie has studied the safety and efficacy of nalmefene in a total of 1,200 patients, including two phase III studies in the UK and Finland in patients suffering from alcoholism and alcohol dependence. Nalmefene is the first oral drug showing efficacy in reducing heavy drinking in multicenter, controlled studies. The treatment of alcoholism represents a significant unmet medical need. More than 30 million people in the US, Europe and Japan suffer from alcohol abuse (Datamonitor 04/2002). Every year, in the UK alone, there are 150,000 hospital admissions and 20,000 premature deaths directly due to alcohol, 1.2 million alcohol related violent incidents, and National Health Service estimates the annual costs of alcohol abuse to range between GBP 1.4 billion and GBP 1.7 billion. The upfront payment of EUR 10 million made by Lundbeck to BioTie will be depreciated over a period of several years and will not affect previously guided expectations for the Lundbeck group's financial result for 2006 of approximately DKK 1.6 billion on the EBIT line excluding the financial gain from the initial public offering of LifeCycle Pharma. BioTie contacts Timo Veromaa President & CEO +358 2 274 8901 timo.veromaa@biotie.com Lundbeck contacts Steen Juul Jensen Vice President +45 36 43 30 06 Investors: Media: Mads Bjerregaard Pedersen Caroline Broge Investor Relations Officer Media Relations Manager +45 36 43 41 04 +45 36 43 26 38 Jacob Tolstrup Investor Relations Manager, North America +1 201 350 0187 Stock Exchange Release No 248 - 27 November 2006 Biotie Therapies Corp. BioTie is a Finnish biotech company with focus on dependence disorders, inflammatory diseases and thrombosis. The Company started operations in 1996 and as a pioneer in dependence disorders has been developing nalmefene for the treatment of alcoholism and pathological gambling since 1999. (www.biotie.com) About Lundbeck H. Lundbeck A/S is an international pharmaceutical company engaged in the research and development, production, marketing and sale of drugs for the treatment of psychiatric and neurological disorders. In 2005, the company's revenue was DKK 9.1 billion (approximately EUR 1.2 billion or USD 1.5 billion). The number of employees is approximately 5,000 globally. For further information, please visit www.lundbeck.com


 

In a board meeting at Jarðboranir which was held today 27 November 2006 it was decided to sharpen focus in Jarðboranir's operations and make changes to the company's legal organization. The plan is for Jarðboranir and Björgun in the future to be at the same level such that they will be owned by the same holding company, Volcano Holding ehf. At the same time the company is refinanced. Volcano Holding ehf's management will be the same as Jarðboranir's current management and this will not have any impact on the operations of Jarðboranir hf as they are now. Jarðboranir's management believes that this new organization and financing will support significantly the company's overseas expansion and increased operations. See attachment As a part of this, it was decided to submit a motion at a shareholders' meeting, which will be held on 30 December 2006, to split the company, as of 1 October 2006, into three companies based on article 133 of act no. 2/1995 on public limited liability companies: - Jarðboranir hf which will continue the company's drilling operations - Specific holding company for Björgun ehf and - Specific holding company which will assume Jarðboranir's bond issues, JRDB 03 1, JRDB 04 1 and JRDB 05 1 The three company's which will be created by the split, are responsible for the mentioned bond issues as is further described in article 144 of act no. 2/1995 on public limited liability companies. It follows from it, i.a., that participating companies are jointly and severally responsible for obligations that exist when a plan to split is published up to the net value falling to each company in a split. Furthermore, Atorka's board decided today to take over the holding company which assumes the bond issues and they will, consequently, be assumed by Atorka when necessary procedures in relation to that have been completed. Atorka's share capital after the assumption of the bond issues will remain the same. This will have the effect that Atorka will get cash in an amount that corresponds to the amount of the bond issues, but will after all procedures being finalized be responsible for their payment. Yesterday in relation to this agreements were signed between Volcano Holding ehf and Landsbanki Islands, which comprise ISK 5,000 million in as a term loan, ISK 1,000 million as a revolving credit facility and ISK 3,500 as an acquisition facility, and are intended to finance the company's group. The company has in addition to this appx. ISK 2,000 million in cash. "These changes allow Jarðboranir to sharpen its focus on profit segments and support the company's fundamentals further. Also the financial strength of the company is increased in a way which can be utilized for further growth in foreign markets. The changes will not affect the company's employees," says Bent Einarsson, Jarðboranir's CEO. "This procedure gives Atorka flexibility and opportunities for increased investments at the same time as increasing Jarðboranir's strength for overseas expansion," says Magnús Jónsson, Atorka's CEO. For further information contact Magnús Jónsson, tel. +354 840 6240, or Bent Einarsson, tel. +354 858 5210


 

27 November 2006 - The day to day management of Qurius Advanced Solutions will pass into the hands of its commercial director Jos van Trier and its technology director Robert van der Kleij. They'll take over the general management responsibilities of Rob Schut, who leaves the company as of 1 January 2007. Robert van der Kleij joined Qurius Advanced Solutions (then: ETX) in 1997; he previously worked for Info Support. Jos van Trier has been in Qurius Advanced Solutions' employ since 2006. He has worked in the software industry for 15 years and fulfilled multiple management and board positions for software companies including NetEconomy. Qurius N.V. Qurius provides architecture, realisation and systems management of Microsoft technology based business and IT solutions, including reliable and safe infrastructures. Qurius Advanced Solutions is the business line that builds complex IT systems on the standard Microsoft platform, with a strong focus on e-business, integration, business intelligence and portals. Qurius Advanced Solutions has been awarded multiple Microsoft Gold competencies. Qurius is based in the Netherlands and Belgium and serves over 500 customers. Qurius has been publicly listed on Euronext Amsterdam since 1998; on 18 December its shareholders will decide on the intended merger with Watermark to create Europe's largest Microsoft Dynamics partner. Further information is available on www.qurius.com. Press contact: Qurius, Caroline Jooren. Telephone +31 (0)418 683 500 or caroline.jooren@qurius.com. The press release can be downloaded from the following link:


 

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of person dealing (Note 1) | Elliott Advisors (UK) | | | Ltd. | |-------------------------------------------+-----------------------| | Company dealt in | Corus Group PLC | |-------------------------------------------+-----------------------| | Class of relevant security to which the | Ordinary Shares | | dealings being disclosed relate (Note 2) | | |-------------------------------------------+-----------------------| | Date of dealing | 24 November 2006 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) +---------------------------------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+------------------------------------------+----------------------------------------------| | |Number |Number | | |(%) | (%) | |---------------+------------------------------------------+----------------------------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+------------------------------------------+----------------------------------------------| |(2) Derivatives|12,630,390 1.4055% | | |(other than | | | |options) | | | | | | | |---------------+------------------------------------------+----------------------------------------------| |(3) Options and| |2,500,000 0.2782% | |agreements to | | | |purchase/sell | | | | | | | |---------------+------------------------------------------+----------------------------------------------| |Total |12,630,390 1.4055% |2,500,000 0.2782% | | | | | +---------------------------------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +--------------------------------------------------------------------------------------------------------------+ |Class of relevant security: | Long | Short | | | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| | |Number |Number (%)| | | (%) | | |-----------------------------+-----------------------------+--------------------------------------------------| |(1) Relevant | | | |securities | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| |(2) Derivatives (other than | | | |options) | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| |(3) Options and agreements to| | | |purchase/sell | | | | | | | |-----------------------------+-----------------------------+--------------------------------------------------| |Total | | | | | | | +--------------------------------------------------------------------------------------------------------------+ (c) Rights to subscribe (Note 3) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 4) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | | |---------------+----------------------+-------------------------| | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short | Number of securities | Price per | | name, | (Note 6) | (Note 7) | unit (Note 5) | | e.g. CFD | | | | |----------+------------+---------------------------+---------------| | CFD | Long | 259,131 | GBP 5.050000 | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry |Option money | |name, |selling, |securities to |price |American, |Date |paid/received | |e.g. call|purchasing, |which the option | |European | |per unit (Note| |option |varying etc.|relates (Note 7) | |etc. | |5) | | | | | | | | | |---------+------------+-----------------+--------+----------+--------+--------------| |Call |Selling |1,000,000 |GBp 500 |American |16 March|31.25 | |Option | | | | |2007 | | +------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 5) | | | | | |--------------------+----------------------+-----------------------| | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 4) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 8) | | (Note 5) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 8 attached? (Note 9) YES/NO +-------------------------------------------------------------------+ | Date of disclosure | 27 November 2006 | |------------------------------------------------+------------------| | Contact name | Philippa Rowan | |------------------------------------------------+------------------| | Telephone number | 0207 518 1818 | |------------------------------------------------+------------------| | If a connected EFM, name of offeree/offeror | | | with which connected | | |------------------------------------------------+------------------| | If a connected EFM, state nature of connection | | | (Note 10) | | +-------------------------------------------------------------------+ Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---


 

Nordic Business Report-November 27, 2006-Norsk Hydro ASA divests automotive castings businesses (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian energy and materials group Norsk Hydro ASA announced on Monday (27 November) that it has agreed to sell its European automotive castings business as well as its 49.99% holding in Mexican castings company Castech SA de CV. The European automotive castings business, comprising units in Germany, Austria, Hungary and Sweden with annual revenues of NOK4bn and a total of 2,200 employees, will be acquired by the Mexican bank Nemak. Norsk Hydros share in Castech, which has 1,000 employees, will be acquired by Grupo Industrial Saltillo SAB de CV. The combined sales price will be based on an enterprise value of NOK3.7bn, which will result in a gain of approximately NOK900m. Norsk Hydro said that the transactions are part of its strategy to reduce its engagement in downstream aluminium. Norsk Hydro is a leading offshore oil and gas producer, and the worlds third largest integrated aluminium supplier. The company is listed on the Oslo Stock Exchange and on the New York Stock Exchange. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Norwegian embedded solutions developer Data Respons ASA wins NOK19m order (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian embedded solutions developer Data Respons ASA said on Monday (27 November) that it has received a NOK19m order from a Norwegian customer in the oil and offshore sector. The order covers serial deliveries of embedded solutions combining standard products with customised technology. "Market conditions in the oil and offshore markets are excellent and Data Respons is also benefiting from this," commented Kenneth Ragnvaldsen, CEO of Data Respons. "The solution we are delivering is embedded into one of the customers most important products and we expect that the future potential is considerable," Ragnvaldsen added. Data Respons is headquartered in Hovik in Norway. The company supplies embedded solutions to leading OEM companies, system integrators and vertical product suppliers. The company has 183 employees and offices in Denmark, Finland, Norway, Sweden and Germany. Data Respons ASA is listed on the Oslo Stock Exchange under the ticker DAT. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Norwegian Property ASA acquires property in Oslo (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian property company Norwegian Property ASA said on Monday (27 November) that it has acquired an 11,000 square metre property in central Oslo for NOK356m. The property is leased to Hafslund ASA until the end of 2018. Norwegian Property, headquartered in Oslo, Norway, focuses on investing in centrally located commercial properties in Norway. The company is listed on the Oslo Stock Exchange under the ticker NPRO. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Swedish industrial supplier Bergman & Beving AB continues to expand reseller operations (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial supplier Bergman & Beving AB said on Monday (27 November) that its subsidiary Sjogren Industrihandel AB has agreed to acquire industrial reseller AB Vanersborgs Jarnhandel (TOOLS Andreens) in Vanersborg, Sweden. TOOLS Andreens, a participant in Bergman & Bevings industrial reseller partner chain TOOLS, provides tools, fastening elements, machinery, personal protection equipment and other industrial consumables to industrial companies in Vanersborg and its surrounding area. The company has seven employees and revenues of SEK16m. This acquisition further strengthens Sjogren Industrihandels and the TOOLS chains market position in western Sweden. The purchase sum was not disclosed. Bergman & Beving, headquartered in Stockholm, Sweden, is a supplier to the Nordic construction and industrial sectors and has annual net revenues of over SEK5bn. Bergman & Beving is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Trelleborg AB plans to cut 700 jobs within Automotive (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial group Trelleborg AB announced on Monday (27 November) an action programme for its business area Automotive. The first phase of the action programme is expected to reduce Trelleborgs European headcount by some 700, and to cost approximately SEK875m over the next two years. It involves relocating production from an AVS plant in Trowbridge in the United Kingdom to Romania and Spain. The closure of the Trowbridge plant will affect some 150 employees. Additional job cuts affecting up to 250 employees will also take place at Trelleborgs Fluid & Acoustic unit in Mannheim, Germany. As part of the action programme Trelleborg also plans to transfer resources from elsewhere in Western Europe to Eastern Europe. Trelleborg is also considering the divestment, restructuring or closure of two undisclosed small plants in Europe. "We are continuing our review of Automotive," said Peter Nilsson, President and CEO of Trelleborg. "Strategically, we are proceeding with a thorough analysis of our positions and the strategic measures connected with these. Regardless of our choice of approach, we must continue to implement operational measures to improve profitability," Nilsson added. Trelleborg Group, headquartered in Trelleborg in Sweden, develops and manufactures high-performance solutions that seal, damp and protect in demanding industrial environments. The group has 23,000 employees in 40 countries, and annual sales of approximately SEK24bn. Trelleborg is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

The Nominating Committee, whose tasks include providing proposals regarding the composition of Oriflame's Board of Directors to the 2007 Annual General Meeting, comprises: Per Hesselmark, Stichting af Jochnick Foundation Robert af Jochnick, representing the af Jochnick family Carlos Hardenberg, Templeton Åsa Nisell, Robur Carl Rosén, 2nd AP Fund. Shareholders who wish to contact the Nominating Committee can do so by e-mail (corporate.governance@oriflame.be) Date of announcement of the year-end report 2006 Oriflame Cosmetics will announce its year-end report 2006 on Tuesday, 13 February 2007. For additional information, please contact: Kevin Kenny, Chief Financial Officer +32 2 357 5544 Patrik Linzenbold, Oriflame Investor Relations +35 2 26 203 232 Oriflame is an international cosmetics company selling direct, with sales in 58 countries. Oriflame offers a complete range of high quality skincare, fragrances, colour cosmetics, toiletries and accessories, marketed through a sales force of over 1.8 million independent sales consultants. Although the company has grown rapidly it has never lost sight of its original business concept - natural Swedish cosmetics, sold from friend to friend. Oriflame is a co-founder of World Childhood Foundation. Oriflame Cosmetics is listed on the Stockholm Exchange. The press release can also be downloaded from the following link:


 

"Targeting Uranium and Gold" NEWS RELEASE EXPANSION OF UPPER C ZONE CONTINUES - LOWER C ZONE INTERSECTED 450 METERS DOWN DIP Dated: November 27, 2006 TSX-V: CXX Crosshair Exploration and Mining Corp. (TSX-V: CXX) (the "Company") is pleased to announce the latest batch of results from the recently completed 2006 drilling activities at its Central Mineral Belt, Labrador Uranium property. The latest drill results include hole ML-40 with the intersection of over 40 meters of mineralization in the Upper C Zone. Select drill holes, including hole ML-40, also intersected the Lower C Zone 450 meters down dip from the original Shell Canada drilling at much shallower depths than expected. The results received to date include the thickest and highest grades ever reported from the Lower C Zone. The Company had not been focusing on the Lower C Zone since work began on the project two years ago and the zone was not included in the first resource estimate. However, recent drill intercepts demonstrate that the size, continuity, and grade of the Lower C may be better than originally thought. The confirmation of the Lower C Zone 450 meters down dip from Shell's original drilling is a welcome development that adds the possibility of stacked mineralized horizons to the expansion of the C Zone. Upper C Zone Highlights from the latest batch of assays from Upper C Zone include the following: * ML-40 returning 13.15 meters grading 0.101% U3O8 including 1.0 meter of 1.129% U3O8, and a second intercept grading 0.105% U3O8 over 4.50 meters, all intervals included within 41.50 meters averaging 0.05% U3O8 at a depth of less than 100 meters vertically. * ML-44 returning 9.15 meters grading 0.104% U3O8, including 3.08 meters of 0.218% U3O8 (the ML-44 Lower C Zone intercept is detailed below). Assays are pending for an additional 19 holes completed in the Upper C Zone and several holes will also report additional Lower C Zone intercepts. Complete assays and maps have been posted on the company website - http://www.crosshairexploration.com/s/Addenda.asp?ReportID=159747 To date, over 21,500 meters have been completed in 137 drill holes, including 58 holes at the Upper C Zone. Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) has been retained to update the 43-101 uranium resource estimate for the Upper C Zone. This update will include all drill results from the 2006 drill program and is expected to be completed in late January. The pending update will not include the Lower C Zone, which is expected to be added in a later update after further drilling. A large number of sample assays from several target areas are still pending and results will be released when they become available. The Company closed the camp when winter freeze-up began in mid November and plans to re-mobilize to the property for a winter drill program in late January. Lower C Zone - History During the 2006 drill program at the C Zone, several drill holes were allowed to continue below the Upper C Zone to test for Lower C Zone stratigraphy. These were the first holes targeting the Lower C by the Company. In 1979 Shell Canada identified a zone of uranium mineralization contained within the Lower C Zone estimated to host 4.92 million pounds of contained U3O8. This is in addition to the U3O8 contained in the Upper C Zone. (These historic resource estimates reported above are not National Instrument 43-101 compliant, however Crosshair believes the work was carried out under industry standard practices at that time and were considered reliable at that time. As insufficient work has been completed to verify the historical resource estimates, they should not be relied upon). Lower C Zone - Current Results The Lower C Zone mineralization was intersected in drill hole ML-44 starting at a down hole depth of 346 meters and returned 6.50 meters grading 0.100% U3O8 including 2.0 meters grading 0.212% U3O8. These results confirm that the Lower C zone is laterally extensive as suggested by Shell and that it underlies the Upper C Zone. In addition it may be thicker and have an average grade higher than estimated by Shell. The Lower C Zone lies 75 meters below and roughly subparallel to the Upper C Zone, and is hosted in reduced sandstones lying immediately above the Aphebian/Helikian unconformity, in a setting similar to the Athabascan deposits. The results from ML-44 indicate that the geological environment hosting the Lower C Zone is now confirmed immediately beneath the Upper C Zone and 450 meters down dip from the closest Shell drill hole that tested the Lower C. The 2007 drill program will focus on testing both Upper and Lower C Zones, both of which remain open along strike and to depth. Tim Froude, Senior Vice President of Exploration for Crosshair and qualified person under National Instrument 43-101 supervised and directed all work associated with the drilling program. Sample preparation and analysis for Au, Cu and Ag were conducted by Eastern Analytical in Springdale, Newfoundland. Eastern Analytical ships the pulps to Activation Laboratories in Ontario for analyses by neutron activation and ICP methods. Crosshair has a QA/QC program in place to monitor the assay results. About Crosshair Crosshair is an aggressive uranium and gold exploration and development Company with select projects in Newfoundland and Labrador. The Company has developed into a dominant player in the exploration for uranium in the Central Mineral Belt of Labrador. The 685 sq km Moran Lake Uranium / IOCG Project is host to potentially three significant types of uranium mineralization - Iron Oxide Copper Gold (IOCG - Olympic Dam), structurally controlled, shear zone ("Michelin") and unconformity types of mineralization. In addition, through option agreements with Rubicon Minerals Corporation, Crosshair has secured a position in one of the most prospective massive sulphide districts in Canada as well as a promising early stage high grade gold property at South Golden Promise and Golden Promise. For more information of the Company and its properties, please visit the website at www.crosshairexploration.com. ON BEHALF OF THE BOARD "Mark J Morabito" President and CEO Crosshair Exploration & Mining Corp. - Vancouver T: 604-681-8030 F: 604-681-8039 E: greg@crosshairexploration.com: www.crosshairexploration.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this News Release. Cautionary Note Regarding Forward-Looking Information Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with project development; the need for additional financing; the possibility that future exploration or development results will not be consistent with the Company's expectations; operational risks associated with mining and mineral processing; fluctuations in uranium, gold and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.


 

Acunetix Launches Acunetix SiteAudit an On-Demand Website Security Audit Service LONDON -- (MARKET WIRE) -- November 27, 2006 -- Acunetix, a leading web site auditing software vendor, today launched Acunetix SiteAudit, a new on-demand web security audit service. SiteAudit is designed to significantly enhance business website and web application security while eliminating related total cost of ownership. The recent onslaught of hacking activities shows that hackers are becoming more refined in exploiting new technologies to wield out more elaborate and malicious attacks. Businesses require an inexpensive but highly rigorous auditing service of their websites. Acunetix SiteAudit is an immediate and comprehensive web security audit allowing organisations to benefit from extensive expertise, accuracy and flexibility to meet their security requirements. The on-demand service allows businesses to audit their websites including all related off-the-shelf and bespoke web applications. Companies can rely on Acunetix SiteAudit to accurately identify all web security issues so that they can focus on fixing web application vulnerabilities. The service has been designed specifically to eliminate the installation, hardware, administration, and maintenance costs typically associated with purchasing and running software. Acunetix SiteAudit Acunetix SiteAudit is performed by Acunetix's web security experts using Acunetix Web Vulnerability Scanner. Acunetix SiteAudit: -- Provides an immediate and comprehensive website security audit -- Ensures website is secure against web attacks -- Checks for SQL injection, Cross site scripting and other vulnerabilities -- Audits shopping carts, forms, and dynamic content -- Scans entire website and web applications including Javascript / AJAX applications for security vulnerabilities. "Auditing your company's website is critical, as even a single vulnerability could lead to the theft of sensitive corporate data such as credit card information. Not to mention the cost of lost revenue, severe fines, diminished customer trust and substantial damage to business reputation and credibility," said Kevin J. Vella, VP Sales at Acunetix. "The service is ideal for those whose business demands immediate and continual access to the latest technologies and best practices in web vulnerability scanning. Other businesses might neither have the in-house expertise needed to run auditing software efficiently and effectively, nor want to maintain in-house testing since this adds to overhead. Acunetix SiteAudit significantly reduces the cost of web security while, at $395 a scan allows broader adoption." Acunetix SiteAudit Introductory Offer In addition to performing a thorough web application scan, Acunetix is also offering a complimentary audit of web and database servers to ensure that a company's web security is completely up to scratch. A nominal introductory price of $395 includes: -- A detailed audit report on website and web application security -- A detailed audit report on web server and database engine -- Listings of all the vulnerabilities found -- Recommendations for fixing these problems. More information about Acunetix SiteAudit is available at: http://www.acunetix.com/site-audit/. About Acunetix Acunetix was founded to combat the alarming rise in web attacks. Its flagship product, Acunetix Web Vulnerability Scanner, is the result of several years of development by a team of highly experienced security developers. Acunetix is a privately held company with headquarters based in Europe (Malta), a US office in Seattle, Washington and an office in London, UK. For more information about Acunetix, visit: http://www.acunetix.com; http://www.acunetix.de. All product and company names herein may be trademarks of their respective owners. For more information: Please email: Tamara Borg tamara@acunetix.com Acunetix Ltd Tel: (+44) 0845 6126712 Fax: (+44) 0845 6126716 URL: http://www.acunetix.com


 

Nordic Business Report-November 27, 2006-Finnish consumer confidence up in November 2006 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Finland, the Finnish state statistics agency, said on Monday (27 November) that Finnish consumers confidence in the economy increased in November 2006, with the consumer confidence indicator at 17.9, up from 14.9 in October 2006. Compared to last year expectations concerning the development of the employment situation improved clearly. Consumers views concerning Finlands economy remained cautious in November. Some 24% of consumers believed that Finlands economic situation would improve in the next 12 months, while 17% thought the countrys economy would deteriorate. Consumers were highly confident about their own economic situation and believed strongly that they could make savings and that saving was worthwhile. More households had intentions to purchase entertainment electronics in November than ever before. Some 31% of consumers believed that their own economic situation would improve while only 9% feared it would worsen in the next 12 months. The statistics agency said that 23% of consumers thought in November 2006 that unemployment would increase in the next 12 months while 40% believed that it would decrease. Consumers predicted that the rate of inflation would increase by 2.3% in the next 12 months. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Data Respons is experiencing an influx from both current and new customers within the Oil and Offshore markets. The trend is encouraging and the contracts are increasing in both volume and scope. Data Respons expects continued growth in the market for Embedded Solutions in the years to come. Data Respons has won a contract worth MNOK 19 from a major Norwegian offshore customer. The contract consists of serial deliveries of Embedded Solutions. The solution combines standard products with customised technology on to an integrated platform. The main part of the delivery will occur within the next two years. - Market conditions in the oil and offshore markets are excellent and Data Respons is also benefiting from this, says CEO Kenneth Ragnvaldsen in Data Respons ASA. The solution we are delivering is embedded into one of the customer's most important products and we expect that the future potential is considerable. Data Respons's customers within the offshore industry range from seismic, oil exploration, oil extraction, measurement systems for oil and gas pipelines, communications and seabed technology. - Customers are increasingly focusing on their core technology and seek experienced partners who can deliver professional industrial computer solutions, contributing to increased efficiency and competitiveness of customers, Ragnvaldsen points out. About Data Respons Data Respons` vision is to become leading in Europe within 2010 on Embedded Solutions in the industrial market. Embedded Solutions can be described as being the brains of a machine, system or industrial end product. Data Respons supplies Embedded Solutions to leading OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, offshore, automation, medical equipment, surveillance, transport, telecommunications and other industries. Data Respons` customers include Ericsson, Nera, ABB, Brüel & Kjær, Tandberg, Anritsu and Saab. Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Denmark, Finland, Norway, Sweden and Germany. At the close of the 3rd quarter 2006 the company had a total of 183 employees. For further information please contact: Kenneth Ragnvaldsen, CEO, Data Respons ASA phone: +47 67 11 20 00 Mob: +47 913 90 918. More information on Data Respons ASA can be found on our website: www.datarespons.com


 

The english version of the press invitation can be downloaded from the following link: Press Invitation Shanghai/Xianyang/Reykjavik/Oslo - 27 November 2006 - Glitnir invites the press to our events in China next week. Provided here are more details and practical information with reference to our first teaser about the event sent to you last week. 1. Xianyang, Sunday 3rd December ENEX, Glitnir and the Icelandic Minister for Foreign Affairs invite to the opening of the first phase in a new geothermal district heating system in Xianyang, Sunday December 3. Representatives from the Chinese government, Xianyang Municipality ENEX, Glitnir and the Icelandic Minister for Foreign Affairs will be present at the opening. The press is invited to take part in the unveiling ceremony of the Joint Venture Company, which will take place at 3 pm., followed by a visit to the geothermal facility in Xianyang at 4 pm. * Please e-mail brj@glitnir.no for more information. 2. Glitnir opens office in Shanghai on December 5th The formal opening of Glitnir's offices in Shanghai, China, is rapidly approaching. We invite the press to our opening and press briefing on December 5th in Shanghai. You are also welcome to our conference "China Entrepreneurs Forum" at 10.00 am -12.00 pm at the Kaifeng Room, Tower 1, 3rd floor, Pudong Shangri-La Hotel in Shanghai. * Please e-mail brj@glitnir.no for more information. "China Entrepreneurs Forum" Speakers: Mr. Jan Borgonjon, founder and CEO of InterChina A native of Belgium, Mr. Borgonjon has 20 years experience in the business arena in China. He founded InterChina, a specialised consulting service advising foreign investors on business in China with a focus on mergers and acquisitions. Mr. Borgonjon also founded China's top business school - CEIBS. Mr. Wei Dong, founder and Chairman of the Board of Fu Ji Food and Catering Wei Dong is the CEO of Fu Ji Food and Catering, a leading producer of prepared dishes in the Chinese food sector. Mr. Wei Dong and his wife founded the company in 1996. The French bank Crédit Lyonnais purchased a stake in 2004, and the company was later listed on the Hong Kong Stock Exchange. Today Fu Ji Food and Catering is valued at nearly USD 1 billion and has a staff of some 4,500 employees. Wei Dong will discuss the changes that his company has undergone and its corporate vision in a rapidly growing market. He believes that the company has achieved only a small portion of its potential for growth. Dr. Jeffrey Chen, founder and CEO of SASSN Beijing Medical Supplies Dr. Jeffrey Chen studied medicine in Beijing in the 1980s. While still a medical student, he founded a number of small companies, including an art dealership, which enabled him to pursue doctoral studies at the Karolinska Institutet in Sweden. After completing a doctoral degree in biochemistry, he returned to China and practised medicine for a short while before turning to entrepreneurial activities in the private sector. He then founded the company SASSN Beijing Medical Supplies, which sells equipment and medical products all over China. The last decade has seen dramatic advances in the services rendered in Chinese hospitals, making the medical supplies market one of the most interesting in the country. English and Chinese versions of the press invitation can be downloaded from the following link: Press invitation in English Press invitation in Chinese Best Regards, Glitnir Bjørn Richard Johansen, e-mail: brj@glitnir.no Managing Director Corporate Communication


 

Summary: The first patient has been treated in the HeptoVax phase II trial of GV1001 in liver cancer, following receipt of the required approvals in France, Spain and Germany. The HeptoVax trial is a phase II trial evaluating the safety and efficacy of GV1001 in advanced hepatocellular carcinoma ("HCC" or "liver cancer"). The trial will enrol patients from three centres in Spain, France and Germany. Dr. Jordi Bruix from the Liver Unit at Hospital Clinic, Barcelona, investigator in the HeptoVax study and one of the worlds leading experts in the treatment of liver cancer says: "The use of new agents such as GV1001 represents interesting pathways for developing better treatments of liver cancer. If GV1001 lives up to its promise, it may become a cornerstone in the future treatment of this dreaded disease. Its mode of action is new and it appears to be without significant side effects." Jakob Schmidt, CEO in Pharmexa says: "We have multiple opportunities with GV1001. GV1001 is in phase III in pancreatic cancer and now also in phase II in liver cancer. In the next few months, the Rigshospitalet-Radium Hospitalet in Norway plans to start a phase II trial in lung cancer. We have chosen a broad development strategy for GV1001 because we believe the vaccine has the potential to change the way we treat cancer in the future." Trial design Up to 41 patients with advanced stage liver cancer will receive a single pre-treatment dose of the chemotherapeutic drug cyclophosphamide three days prior to the start of immunotherapy, followed by doses of GV1001 plus GM-CSF three times in the first week, and once weekly in week 2,3,4 and 6. Thereafter, GV1001 plus GM-CSF will be given once a month. All patients will be treated for a minimum of 6 months unless they show symptomatic progression, in which case patients will be discontinued from the trial. The primary endpoint of the trial is efficacy, measured by objective tumor response (modified RECIST). Secondary endpoints include the safety and immunogenecity of the vaccine. Approximately half of the patients with advance stage liver cancer die within a year and survival benefits in the trial will also be measured. Depending on the speed at which patients can be recruited, results from the trial will therefore be available in the first half of 2008. If the results are positive, Pharmexa plan to initiate a pivotal phase III trial of GV1001 in liver cancer. Liver cancer represents a large unmet need HCC is the fifth most common cancer in the world. More than 600,000 new cases of hepatocellular carcinoma occur worldwide each year with almost as many deaths. In Europe alone, more than 50,000 new cases occur each year. The incidence of HCC, however, varies a great deal between different countries and regions, and HCC occurs significantly more often in Japan than in Europe. Moreover, accumulating evidence indicates that the incidence of liver cancer is rising. HCC is twice as common in men as in women and has a strong association with hepatitis B and hepatitis C infection as well as with cirrhosis. Early and medium stage liver cancers are sub-optimally treated with surgery, radiofrequency ablation and chemoembolization while no treatment options really exist for the disease in its advanced stage. Current chemotherapy treatments are limited by the site of the cancer - the cirrhotic liver - because of dose limiting liver toxicity concerns with these agents. GV1001: A cancer vaccine targeting telomerase GV1001 is a peptide vaccine that activates the immune system - primarily the immune system's T-cells - to recognize and kill cancer cells. GV1001 targets an enzyme called telomerase. Telomerase is seldom found in normal cell types but is over expressed in most cancer cells. In scientific circles, telomerase activity is considered a key factor in the process whereby cancer cells lose their normal mortality, which is a common feature for all cancers. In theory, GV1001 could therefore turn out to be a universal cancer vaccine and Pharmexa's development strategy for GV1001 reflects this. Hørsholm, November 27, 2006 Jakob Schmidt Chief Executive Officer Additional information: Jakob Schmidt, Chief Executive Officer, telephone +45 4516 2525 Claude Mikkelsen, Head of Investor Relations, telephone +45 4516 2525 or +45 4060 2558 Note to editors: Pharmexa A/S is a leading company in the field of active immunotherapy and vaccines for the treatment of cancer, serious chronic and infectious diseases. Pharmexa's proprietary technology platforms are broadly applicable, allowing the company to address critical targets in cancer, rheumatoid arthritis, bone degeneration and Alzheimer's disease, as well as serious infectious diseases such as HIV, influenza, hepatitis and malaria. Its leading programs are GV1001, a peptide vaccine that has entered phase III trials in pancreatic cancer and phase II trials in liver cancer, and HIV and hepatitis vaccines in phase I/II. Collaborative agreements include H. Lundbeck, Innogenetics, IDM Pharma, ImmunoVaccine Technologies and Bavarian Nordic. With operations in Denmark, Norway and USA, Pharmexa employs approximately 100 people and is listed on the Copenhagen Stock Exchange under the trading symbol PHARMX.


 

Nordic Business Report-November 27, 2006-Ericsson to cut 400 jobs in Sweden - report (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq: ERIC) will reportedly cut up to 400 administrative and sales jobs in Sweden. However, many of the workers will reportedly be offered positions with staffing company Manpower Inc. The offer will be presented to about 4,600 workers in sales, marketing and administration, according to the Associated Press. The restructuring programme is expected to be completed by the end of January 2007. Manpower has 4,400 offices in 72 countries and territories and employs 30,00 people. Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the worlds mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on Nasdaq. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Raute Corporation to deliver plywood mill machines and equipment to Thebault Plyland (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish technology company Raute Corporation said on Monday (27 November) that the order for plywood mill machines and equipment announced in September 2006 will be delivered to Thebault Plyland S.A.S. in France. The order is worth EUR11m and it includes the machines, lines and automation for a completely new greenfield mill. The machine deliveries and installation are scheduled for the summer of 2007. The new mill-scale project will be the first true greenfield plywood project since the beginning of the 1990s in Europe, Raute said. Raute, headquartered in Nastola, Finland, is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. The companys net sales in 2005 were EUR109m and the number of personnel 533. Raute is listed on the Nordic exchange in Helsinki. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

TietoEnator Corporation Stock Exchange Release 27 November 2006, 2.30 PM EET The Personnel of TietoEnator Corporation has chosen Anders Eriksson to be the new representative of the personnel organisations on the TietoEnator Board of Directors. Anders Eriksson replaces Elisabeth Eriksson. Jari Länsivuori will continue as personnel representative on the Board. The members of the TietoEnator Corporation Board of Directors are as follows: Matti Lehti (chairman), Anders Ullberg (vice chairman), Mariana Burenstam Linder, Bengt Halse, Kalevi Kontinen, Olli Martikainen and Olli Riikkala as well as the personnel representatives Anders Eriksson and Jari Länsivuori. TIETOENATOR CORPORATION DISTRIBUTION Helsinki Stock Exchange Stockholmsbörsen Principal Media TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has over 15 000 experts in more than 25 countries. www.tietoenator.com


 
Hitt og þetta
27. nóvember 2006

Net Asset Value(s)

Advance UK Trust plc announces that its unaudited Net Asset Value (NAV) as at the close of business on 24th November 2006 was £94.181 millions, representing a NAV of 224.70 pence per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/ ---END OF MESSAGE---


 

Nordic Business Report-November 27, 2006-Ericsson to deploy WCDMA 3G for T-Mobile USA (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq: ERIC) said on Monday (27 November) that it has been awarded a contract to deploy WCDMA 3G for T-Mobile USA Inc. Ericsson was selected for its turnkey network rollout and to serve as the prime radio provider for WCDMA 3G services in certain markets, including New York City which is scheduled to be operational in 2007. The agreement is contingent upon the award of AWS spectrum to T-Mobile USA. In addition Ericsson will deliver a wide array of services including network planning, civil construction, installation, testing and network optimiSation. Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the worlds mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on Nasdaq. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Metso Minerals to supply railcar dumpers in China (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish engineering and technology group Metso Corporation (NYSE: MX) said on Monday (27 November) that its subsidiary Metso Minerals will supply two lines of quadruple rotary railcar dumpers to China Communications Construction Group Ltd for Caofeidian Port in Hebei province, China. The order comprises two lines of railcar dumpers consisting of an indexer and a rotary dumper that rotates four railcars at a time. The order also comprises engineering, design and start-up services. Caofeidian will be the first port in the world to operate quadruple railcar dumpers, Metso said. The delivery will be completed within the second quarter of 2008. The value of the order is some EUR10m. Metso, headquartered in Helsinki, Finland, has 22,000 employees in more than 50 countries, and reported net sales of EUR4.2bn in 2005. Metso is listed on the Nordic Exchange in Helsinki and on NYSE. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Nokia signs equipment contract with T-Mobile USA (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) said on Monday (27 November) that it has signed a contract with T-Mobile USA Inc to supply third generation wireless equipment and services to support T-Mobiles WCDMA 3G rollout in the US. Nokia is delivering its industry-defining Nokia Flexi WCDMA Base Station optimiSed for T-Mobiles newly acquired AWS spectrum bands. The Nokia Flexi WCDMA Base Stations modular platform will yield significant site and operating cost savings, Nokia said. T-Mobile will be the first US operator to deploy the fully HSPA capable Nokia Flexi WCDMA Base Station. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has nearly 59,000 employees worldwide, and reported net sales of EUR34.19bn in 2005. Nokia is listed on the Helsinki, Stockholm, Frankfurt and New York stock exchanges. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Hamilton, Bermuda, November 27, 2006 Nordic American Tanker Shipping Ltd. (the "Company") today announced that the Company has taken delivery of the suezmax vessel that it agreed to acquire in July this year. The 2002 built suezmax has been named Nordic Moon and was taken over today November 27, 2006. Including the Nordic Moon the fleet of the Company has increased from three to eleven suezmax vessels over the last 24 months. The vessel is increasing the Company's exposure to the spot market from nine to ten vessels, whilst the Company's eleventh vessel is employed on a long term contract. In early December the Company expects to take delivery of one more suezmax vessel that it also agreed to acquire in July this year, increasing the fleet to twelve vessels. The increased fleet represents an important step in the further development of the Company. This transaction is in line with the Company's growth strategy with focus on dividend and earnings per share, bolstering the earnings capacity of the Company. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K. Contacts: Scandic American Shipping Ltd Manager for: Nordic American Tanker Shipping Ltd. P.O Box 56, 3201 Sandefjord, Norway Tel: + 47 33 42 73 00 E-mail: nat@scandicamerican.com Web-site: www.nat.bm Gary Wolfe Seward & Kissel LLP, New York, USA Tel: +1 212 574 1223 Rolf Amundsen Investor Relations Nordic American Tanker Shipping Ltd. Tel: +1 800 601 9079 or + 47 908 26 906 Herbjørn Hansson Chairman & CEO Nordic American Tanker Shipping Ltd. Tel: +1 866 805 9504 or + 47 901 46 291


 

Today, FS Funding A/S released its Interim Report, January - September 2006. The Interim Report is attached to this e-mail. Telephone conference A telephone conference will be held today at 3:00 PM CET (2:00 PM UK time). The telephone numbers for the conference are: +45 70 26 50 40 (Denmark) +44 207 769 6432 (UK) +1 718 354 1230 (US) The investor presentation for the telephone conference is attached to this e-mail.


 

ING Group announced today that it has agreed to sell Degussa Bank, a unit of ING-DiBa specialising in worksite banking for private customers, to a German investment group consisting of private bank MM Warburg & CO and various private investors. The divestment is in line with ING-DiBa's strategy to focus on its core direct banking activities as well as ING's ongoing strategy to allocate capital to those businesses that generate the highest returns. Degussa Bank was fully acquired by ING-DiBa in June 2002. As of 30 September 2006, the bank had a balance sheet total of approximately EUR 2.8 billion. For ING Group, the transaction is expected to result in a net accounting loss of about EUR 15 million, to be booked in the fourth quarter of 2006. The transaction will free up about EUR 120 million in Tier-1 capital and result in an increase of 4 basis points in the Tier-1 ratio of ING Bank NV. The transaction is subject to applicable regulatory approvals and is expected to be completed before the end of the year. +-------------------------------------------------------------------+ | Press enquiries: | | Mark Goedbloed, ING Group +31 20 541 5469, mark.goedbloed@ing.com | +-------------------------------------------------------------------+ ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.


 

Nordic Business Report-November 27, 2006-Aker Kvaerner ASA to deliver biofuel-fired power boiler to Swedish power plant (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA said on Monday (27 November) that its unit Kvaerner Power has received a contract for a large biofuel-fired power boiler from Swedish regional utility Ovik Energi AB. The boiler will be installed at a new power plant close to the town of Ornskoldsvik in Sweden. The contract is valued at approximately EUR50m. "This contract illustrates how the effective use of alternative fuels in energy production is growing," commented Lennart Ohlsson, President of Kvaerner Power. "This choice of biofuels supports the EUs ambitions to cut carbon dioxide emissions, and increase energy production based on renewable fuels rather than fossil fuels," Ohlsson said. Aker Kvaerner is 50.1%-owned by Norwegian industrial holding group Aker Group. It has 23,000 employees in over 30 countries. Aker Kvaerner is traded on Oslo Stock Exchange under the symbol AKVER. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Kitron ASA and Kongsberg Defence & Aerospace join forces to develop military radio link (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian electronics developer and manufacturer Kitron ASA said on Monday (27 November) that it has signed a development agreement with Norwegian military communication equipment supplier Kongsberg Defence & Aerospace, part of the high-tech group Kongsberg Gruppen ASA. The agreement, estimated to be worth some NOK70m during 2007-2009, covers the development, industrialisation and production of a military radio link. "This development project is a partnership where income, costs and risk is divided according to a profit sharing model, and each partys contribution is included based on competence and experience within product development and production," Kitron said. "The project targets competitive advantage in terms of technology and price, as well as shortened lead-time from order to delivery of the completed product," Kitron added. Kitron, headquartered in Lysaker, Norway, is a leading Scandinavian development, industrialisation and production company with some 1,200 employees in Norway, Sweden and Lithuania. The company reported a turnover of NOK1.6bn in 2005. Kitron is listed on the Oslo Stock Exchange under the ticker KIT. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-New Science Svenska AB secures order from Polish military (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish life science investor New Science Svenska AB said on Monday (27 November) that its wholly-owned subsidiary IM-Medico AB has secured a SEK0.2m order for thermal bags from the armed forces in Poland. The order covers insulated bags used to store infusion solutions. New Science Svenska also said that it has received a pilot order for various emergency/rescue bags from a potential Swiss cooperation partner. New Science Svenska is headquartered in Stockholm, Sweden. The company invests in and develops companies within life sciences and medical technology. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Swedish construction group NCC wins SEK171m contract in Oslo (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group NCC said on Monday (27 November) that its Norwegian unit NCC Construction AS has won a renovation and extension contract from Norwegian property company Entra Eiendom AS. The SEK171m turnkey contract covers the extension and refurbishment of the Norwegian newspaper Aftenpostens premises in Oslo. The project is scheduled for completion during spring 2008. NCC, headquartered in Solna, Sweden, is a leading Nordic construction and property development company with 21,000 employees and annual sales of SEK50bn. NCC is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Swedish Tool AB and Wikman & Malmkjell AB in merger talks (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish investment group AB Traction said on Monday (27 November) that its portfolio company, Swedish Tool AB, is in talks regarding a merger with Wikman & Malmkjell AB. The proposed merger would create one of Swedens largest suppliers to the engineering industry with 90 employees and an annual turnover of over SEK350m. The combined group would include the operations of engineering machinery and tools suppliers Swedish Tool and Wikman & Malmkjell, tools subsidiary Tool Center, automation subsidiary Bonthron & Ewing, sheet metal working machines supplier Vislanda Maskin, as well as sales companies in Sweden, Norway, Denmark, Latvia and Lithuania. Traction said that it expects the agreement to be finalised during December. Traction, headquartered in Stockholm, Sweden, is involved in more than 20 companies. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

SHANGHAI (Dow Jones) The Chinese yuan set a new post-revaluation high against the U.S. dollar Monday and also for the first time matched the weak side of the Hong Kongs dollars official trading band against the U.S. unit. Reflecting broad-broad weakness in the greenback, the U.S. dollar parity rate fell to CNY7.8402, its lowest level against the yuan since the Chinese currency was revalued on July 21 last year. Some traders say they expect the dollar to find support at CNY7.8400. At its current level, the yuans exchange rate to the U.S. dollar falls inside the Hong Kong dollars exchange rate trading band to U.S. unit. Some analysts had speculated that once the yuans exchange rate to the U.S. dollar drew near to the Hong Kong dollars trading band to the greenback then further yuan appreciation would drag the Hong Kong currency higher. "We expect convergence of USD/CNY and USD/HKD before yearend and believe it will increase interest in "break the peg" trades," said Tim Condon, chief economist for Asia at ING. The U.S. dollar is allowed to trade only between HK$7.75 and HK$7.85 under the convertibility undertaking of the Hong Kong Monetary Authority, the territorys de facto central bank. After the parity rate was set, the U.S. unit started trading Monday against the yuan on the over-the-counter market just above the central parity price, falling to a post-revaluation low of CNY7.8410, from Fridays close of CNY7.8525. At 0217 GMT, the U.S. dollar was quoted at CNY7.8417, still 417 pips away from Hong Kongs official peg rate of HK$7.8000 to the U.S. dollar, and even further from the current market rate of the U.S. dollar in Hong Kong dollar terms. The U.S. dollar was last at HK$7.7770, down from 7.7835 last Friday. A Shanghai-based dealer with foreign bank said he expects the dollar to find support at CNY7.8400. "After the central parity was set more than 120 points lower than the previous close, the markets going to be hesitant to push much further lower," he said. There isnt any particular significance to the U.S. dollar rate against the yuan matching the greenbacks trading range against the Hong Kong dollar. Other currency strategists say the issue of parity between the Hong Kong and Chinese currencies is a psychological one and is unlikely to cause the Hong Kong dollar to track the yuans continued rise by strengthening significantly against the U.S. dollar. Analysts Dispute CNY Rise Impact On HKD The yuan has appreciated 5.6% against the U.S. dollar from its prerevaluation level. Despite the Chinese and Hong Kong currencies fast heading toward convergence, where both currencies are worth the same amount, Hong Kong authorities have repeatedly ruled out the territory dropping its peg to the U.S. dollar in favor of yuan. "With the yuan not being a freely convertible currency and not a reserve currency, it is technically not possible for it to be a currency anchor," Hong Kong Monetary Authority Chief Executive Joseph Yam said in September. The Shanghai trader attributed the U.S. dollars large fall against the yuan Monday to weakness on international markets. The dollar fell sharply on Friday night in New York to a 19-month low versus the euro and a nearly two-year low against the U.K. pound. It fell further against major currencies in early Asian trading. Comments Friday by Peoples Bank of China Vice Governor Wu Xiaoling that East Asian holders of the dollar face falling long-term interest rates may have also pushed down the dollar, market observers in Asia said.


 

Kitron and Kongsberg Defence & Aerospace, business sector Defence Communication, have entered into an agreement for development, industrialisation and production of a military radio link. This development project is a partnership where income, costs and risk is divided according to a profit sharing model, and each party's contribution is included based on competence and experience within product development and production. The project targets competitive advantage in terms of technology and price, as well as shortened lead-time from order to delivery of the completed product. For Kitron the agreement will generate an initial turnover of approximately NOK 70 million during the period 2007-2009. Kongsberg Defence & Aerospace is a leading supplier of military communication equipment and offers a wide range of products and services to the international defence market. For further information please contact: Jan Sigvartsen, President, Kitron AS, +47 915 82 910 or e-mail: jan.sigvartsen@kitron.com Erling Svela, CFO, Kitron ASA, +47 406 21 040 or e-mail: erling.svela@kitron.com Kitron is one of Scandinavia`'s leading companies in development, industrialisation and production for the data/telecom, defence/marine, medical and other industries. The company is located in Norway, Sweden and Lithuania. Kitron had a turnover of approx. NOK 1,6 billion in 2005 and has approx. 1,200 employees. See also www.kitron.com.


 

27 November 2006 - Aker Kvaerner has been awarded a contract for the supply of a large biofuel-fired boiler plant to Övik Energi AB, for its new power plant being built close to the town of Örnsköldsvik, Sweden. The contract value to Aker Kvaerner is approximately EUR 50 million. Övik Energi AB is a community-owned, limited company, which produces district heating locally, as well as electricity for the national net. Övik Energi AB is now expanding its power plant to increase capacity. The new power boiler will also lead to a significant increase in the use of biofuels. "This contract illustrates how the effective use of alternative fuels in energy production is growing. This choice of biofuels supports the EU's ambitions to cut carbon dioxide emissions, and increase energy production based on renewable fuels rather than fossil fuels," says Lennart Ohlsson, president of Kvaerner Power. Kvaerner Power, part of the Aker Kvaerner group, will supply the power boiler, which utilises bubbling fluidized bed (BFB) combustion technology, and will burn biofuels. The boiler will have a steam capacity of 130 megawatts and steam data of 540ºC and 139 bar. The delivery includes engineering, procurement and construction of the power boiler, the boiler building, and the electricity & instrumentation systems. The new boiler plant will be ready in late 2008. ENDS For further information, please contact: Media: Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542. Terttu Tuominen, Communications Manager, Kvaerner Power. Tel: +358 20 141 2440, Mob: +358 40 501 1415. Investor relations: Lasse Torkildsen, VP Investor Relations, Aker Kvaerner, Tel: +47 67 51 30 39. Suppliers: For further information about sourcing and potential subcontracts for this project, please contact: Stefan Andersson, VP Supply Management, Kvaerner Power. Tel: +46 31 501384, Mob: +46 705 900323. AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 41.4 billion and employs approximately 24 000 people in more than 30 countries. Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 50.01 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry. Kvaerner Power is a forerunner in fluidized bed combustion for pulp and paper industry and power producers. Approximately 200 power boilers in operation testify to the expertise in fluidized bed technology with demanding fuels. Kvaerner Power is also the leading chemical recovery equipment supplier in the world with its 300 recovery boilers and 300 evaporation unit deliveries. Kvaerner Power has designed and manufactured the world's largest recovery units and biomass-fired fluidized bed boilers. Kvaerner Power with main operations in Finland, Sweden, USA and Brazil has annual revenues of approximately EUR 500 million and it employs 1600 people worldwide. This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com


 

Nordic Business Report-November 27, 2006-Aker Biomarine meets with potential investors (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA said on Monday (27 November) that its wholly owned subsidiary Aker BioMarine is holding its first meetings with potential investors, as part of the upcoming private placement of Aker BioMarine shares. The goal is to raise NOK1.2bn by 8 December 2006. Aker BioMarine has determined that the value of the companys equity prior to the share placement amounts to between NOK3.8-4.8bn. The equity of Aker BioMarine is therefore in the range of NOK53-66 per Aker ASA share. Following the December share issue and private placement non-Aker investors will hold between 20-24% of Aker BioMarine shares. Aker BioMarine plans to apply for listing on the Oslo Stock Exchange in the first six months of 2007. Aker Kvaerner is 50.1%-owned by Norwegian industrial holding group Aker Group. It has 23,000 employees in over 30 countries. Aker Kvaerner is traded on Oslo Stock Exchange under the symbol AKVER. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Ignis ASA subsidiary wins order in Korea (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian fibre optical technology group Ignis ASA said on Monday (27 November) its 50.1%-owned subsidiary Fi-ra Photonics Co Ltd has received another USD1.1m order for delivery of optical splitters to Samsung in Korea. The contract is the fourth contract Fi-ra has won as a sub-supplier to Korea Telecoms new passive optical network (PON). The order from Samsung adds approximately 115,000 lines to Korea Telecoms GE-PON roll-out in 2007. Ignis, headquartered in Oslo, Norway, delivers fibre optical technologies for the telecomms industry and develops smart mobility and IP solutions. The company has more than 200 employees and offices on three continents. Ignis is quoted on the Oslo Stock Exchange under the ticker IGNIS. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Vizrt Ltd wins order in South Africa (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian broadcast graphics systems supplier Vizrt Ltd said on Monday (27 November) that Africa Business News Limited has invested in a Vizrt solution for its new CNBC Africa channel to be based in Johannesburg, South-Africa. The CNBC Africa setup will have almost a replicate of the installation in Dubai Media City. The contract is worth more than USD0.5m and consists of a Viz|Content Pilot template graphics solution, Viz|Ticker for the financial ticker and several other cutting edge features. Vizrt, headquartered in Bergen, Norway, is a world leading provider of real-time 2D and 3D broadcast graphics. Its products are used by leading broadcasters such as CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK. Vizrt is listed on the Oslo Stock Exchange under the ticker VIZ. One British pound (GBP) is worth approximately 1.91 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Tekla Corporation Press Release 27.11.2006 Tekla strengthens its leadership on the market: 10,000 TEKLA STRUCTURES LICENSES SOLD. Tekla Corporation announced the milestone of 10,000 sold Tekla Structures software licenses. The owner of the 10,000th license, DL Group, is an established metal construction group headquartered in Dax, France. Tekla Structures is the premium product in its niche market. The DL Group has six subsidiaries in South-West France. The Tekla Structures Steel Detailing license purchased recently is their 29th license and will be used by the DL Garonne (Toulouse) company. Cooperation between DL Group and Tekla France goes back a long way; the company has been a client for Tekla France for years and has grown along with the development of the software. This entails hundreds of successful projects in the field of steel fabrication and construction. The company utilizes Tekla's BIM (Building Information Modeling) solution widely, extending the use of model data to operate CNC machines in the workshop. Tekla rewarded DL Garonne on Thursday, 23rd November, as Global Steel Detailing Segment Director and Tekla France Country Manager André Corniere and Sales Engineer Jean-Yves Vetil of Tekla France met with DL Garonne's General Manager Laurent Burnichon in Toulouse. - To become Tekla's 10,000th license owner was a nice surprise and we are naturally very happy about it, says Bertrand Deyris, President of DL Group. - Our business is constantly expanding so we really need this new license, which in turn helps us to expand our operations even further, he notes. - We thank all our customers for reaching this milestone, says Risto Räty, Executive Vice President of Building & Construction at Tekla Corporation. The growing amount of sold licenses proves the fabrication industry is ready for a full-scale modeling solution. For additional information, please contact: Risto Räty, Executive Vice President, Tekla B&C, Tel. +358 30 661 1781, risto.raty@tekla.com André Corniere, Managing Director, Tekla France / Director B&C Steel Segment, Tel. + 33 1 46 87 51 75, andre.corniere@tekla.com DISTRIBUTION: Industry media Web media Tekla website & extranet Tekla Structures in brief Tekla Structures is a fully integrated 3D solution that enables creation and management of complete 3D building models regardless of material or structural complexity. The Tekla Structures solution covers the whole structural design process from conceptual design to detailing, fabrication and erection. The exceptionally seamless collaboration and information management applications in Tekla Structures are based on Tekla's world leading building information modeling (BIM) solution. The same model can be utilized for producing analysis and design results, drawings, and reports. Therefore, steel, concrete and structural design professionals can work with the same shared, always up-to-date model in every stage of a building project. Tekla Structures minimizes overlapping work phases and errors, which translates into shorter project lead times, significant cost savings, and improvement in building quality. In other words, the software increases the competitiveness of the whole industry. Tekla Corporation in brief Tekla is the industry-leading international software company whose software solutions make customers' core businesses more effective in building and construction, energy distribution and in municipalities. The company's model-based software products and related services are used in more than 80 countries. Tekla Group's net sales for 2005 were approximately 38 million euros. International operations accounted for 75% of net sales. Tekla Group employs more than 300 people, of whom a third work outside Finland. This year is Tekla's 40th anniversary, making it one of the oldest software companies in Finland. For additional information on Tekla, please visit www.tekla.com


 

Seadrill today announces further strengthening of corporate management and two new appointments within the Company's senior management team. Effective immediately, Alf C Thorkildsen, presently holding the position as CFO, is appointed Chief Operating Officer, a newly established position in Seadrill Management AS. Mr Thorkildsen joined the Company in 2001 and has extensive international experience from global operations. Effective March 1, 2007 Trond Brandsrud is appointed new Chief Financial Officer in Seadrill Management AS, taking over this position from Alf C Thorkildsen. Mr Brandsrud has been employed by Shell for more than 20 years and has held several positions in Norske Shell, Shell International and Shell Exploration & Production Europe. He has extensive international experience within financial planning, commercial services and accounting. Trond Brandsrud graduated from the Norwegian School of Economics and Business Administration and holds an MSc degree in Business Administration. Contact: Kjell E Jacobsen, Chief Executive Officer, Seadrill Management AS +47 51 30 99 19 SeaDrill Limited Hamilton, Bermuda November 27, 2006


 

H. Lundbeck A/S hereby reports transactions made by executives and persons and legal entities closely associated to them with shares in H. Lundbeck A/S and linked securities, cf. section 28a of the Danish Securities Trading Act. The list is based on reports received by H. Lundbeck A/S from the company's executives today or yesterday. +-------------------------------------------------------------------+ | Name: | Lars Bang | | | | |---------------------------------------+---------------------------| | Job position of the executive: | Executive Vice President | | | | |---------------------------------------+---------------------------| | Relation to executive (associated | | | person or legal entity): | | | | | |---------------------------------------+---------------------------| | ID code (ISIN code): | DK 0010287234 | | | | |---------------------------------------+---------------------------| | Description of the security: | Share | | | | |---------------------------------------+---------------------------| | Nature of the transaction: | Sale of share | | | | |---------------------------------------+---------------------------| | Date of trading: | 24 November 2006 | | | | |---------------------------------------+---------------------------| | Market on which the trading was | Copenhagen Stock Exchange | | effected: | | | | | |---------------------------------------+---------------------------| | Number of traded securities: | 10.000 | pcs. | | | | | |---------------------------------------+----------------+----------| | Market price of securities traded: | 1.430.500 | DKK | | | | | +-------------------------------------------------------------------+ +-------------------------------------------------------------------+ | Name: | Ole Chrintz | | | | |---------------------------------------+---------------------------| | Job position of the executive: | Executive Vice President | | | | |---------------------------------------+---------------------------| | Relation to executive (associated | | | person or legal entity): | | | | | |---------------------------------------+---------------------------| | ID code (ISIN code): | DK 0010287234 | | | | |---------------------------------------+---------------------------| | Description of the security: | Share | | | | |---------------------------------------+---------------------------| | Nature of the transaction: | Sale of share | | | | |---------------------------------------+---------------------------| | Date of trading: | 24 November 2006 | | | | |---------------------------------------+---------------------------| | Market on which the trading was | Copenhagen Stock Exchange | | effected: | | | | | |---------------------------------------+---------------------------| | Number of traded securities: | 10.000 | pcs. | | | | | |---------------------------------------+----------------+----------| | Market price of securities traded: | 1.430.500 | DKK | | | | | +-------------------------------------------------------------------+ +-------------------------------------------------------------------+ | Name: | Hans Henrik Munch-Jensen | | | | |---------------------------------------+---------------------------| | Job position of the executive: | Executive Vice President | | | | |---------------------------------------+---------------------------| | Relation to executive (associated | | | person or legal entity): | | | | | |---------------------------------------+---------------------------| | ID code (ISIN code): | DK 0010287234 | | | | |---------------------------------------+---------------------------| | Description of the security: | Share | | | | |---------------------------------------+---------------------------| | Nature of the transaction: | Sale of share | | | | |---------------------------------------+---------------------------| | Date of trading: | 24 November 2006 | | | | |---------------------------------------+---------------------------| | Market on which the trading was | Copenhagen Stock Exchange | | effected: | | | | | |---------------------------------------+---------------------------| | Number of traded securities: | 12.000 | pcs. | | | | | |---------------------------------------+----------------+----------| | Market price of securities traded: | 1.716.600 | DKK | | | | | +-------------------------------------------------------------------+ +-------------------------------------------------------------------+ | Name: | August Bang | | | | |-----------------------------+-------------------------------------| | Job position of the | - | | executive: | | | | | |-----------------------------+-------------------------------------| | Relation to executive | Minor, cf. subsection 28 a(3)(3) of | | (associated person or legal | the Danish Securities Trading Act. | | entity): | | | | | |-----------------------------+-------------------------------------| | ID code (ISIN code): | DK 0010287234 | | | | |-----------------------------+-------------------------------------| | Description of the | Share | | security: | | | | | |-----------------------------+-------------------------------------| | Nature of the transaction: | Sale of share | | | | |-----------------------------+-------------------------------------| | Date of trading: | 24 November 2006 | | | | |-----------------------------+-------------------------------------| | Market on which the trading | Copenhagen Stock Exchange | | was effected: | | | | | |-----------------------------+-------------------------------------| | Number of traded | 800 | pcs. | | securities: | | | | | | | |-----------------------------+--------------------+----------------| | Market price of securities | 115.600 | DKK | | traded: | | | | | | | +-------------------------------------------------------------------+ +-------------------------------------------------------------------+ | Name: | Helene Bang | | | | |-----------------------------+-------------------------------------| | Job position of the | - | | executive: | | | | | |-----------------------------+-------------------------------------| | Relation to executive | Minor, cf. subsection 28 a(3)(3) of | | (associated person or legal | the Danish Securities Trading Act. | | entity): | | | | | |-----------------------------+-------------------------------------| | ID code (ISIN code): | DK 0010287234 | | | | |-----------------------------+-------------------------------------| | Description of the | Share | | security: | | | | | |-----------------------------+-------------------------------------| | Nature of the transaction: | Sale of share | | | | |-----------------------------+-------------------------------------| | Date of trading: | 24 November 2006 | | | | |-----------------------------+-------------------------------------| | Market on which the trading | Copenhagen Stock Exchange | | was effected: | | | | | |-----------------------------+-------------------------------------| | Number of traded | 800 | pcs. | | securities: | | | | | | | |-----------------------------+--------------------+----------------| | Market price of securities | 115.400 | DKK | | traded: | | | | | | | +-------------------------------------------------------------------+ Persons/entities under an obligation to report Persons or entities under an obligation to report are defined as members of the Executive Management and the Supervisory Board of H. Lundbeck A/S and persons/entities closely associated to them. Closely associated persons/entities means inter alia: * spouse or cohabitant * children below the age of 18 * legal entities in which the insider has a controlling influence The content of this release will have no influence on the Lundbeck Group's financial result for 2006. Lundbeck contacts Steen Juul Jensen Vice President +45 36 43 30 06 Investors: Media: Mads Bjerregaard Pedersen Caroline Broge Investor Relations Officer Media Relations Manager +45 36 43 41 04 +45 36 43 26 38 Jacob Tolstrup Investor Relations Manager, North America +1 201 350 0187 Stock Exchange Release No 247 - 27 November 2006 About Lundbeck H. Lundbeck A/S is an international pharmaceutical company engaged in the research and development, production, marketing and sale of drugs for the treatment of psychiatric and neurological disorders. In 2005, the company's revenue was DKK 9.1 billion (approximately EUR 1.2 billion or USD 1.5 billion). The number of employees is approximately 5,000 globally. For further information, please visit www.lundbeck.com


 

US SUMMARY: Shopping Season Starts Well; More Data Ahead DJIA 12280.17 loss 46.78 dn 0.4% NASDAQ 2460.26 loss 5.72 dn 0.2% S&P 500 1400.95 loss 5.14 dn 0.4% Dow Future 12298.00 loss 3.00 0.0% Dow Future 12305.00 gain 4.00 0.0% NASDAQ Future 1819.25 loss 1.00 0.0% S&P Future 1402.90 0.00 0.0% Euro-USD 1.3122 gain 0.0022 up 0.2% 10-Yr US Treasury: 4.55% down 0.02 (Futures values, Treasury, EUR/USD Data as of 0550 GMT) The week is jam-packed with key U.S. economic data that should reflect the health of both retail and manufacturing sectors. STOCKS: The holiday shopping season started off with a bang last Friday. According to ShopperTrak RCT, which tracks total sales at more than 45,000 mall-based retail outlets, total sales rose 6% to $8.96 billion on Friday compared with the same day a year ago. "Although we anticipated a solid consumer turnout for...Friday, this data shows an even larger increase than expected as consumers proved they were willing to spend," said Bill Martin, cofounder of ShopperTrak, in a statement. Wal-Mart, however, estimated it will post a 0.1% decline in same-store sales in November, even with its huge discount push. Investors will look in store sales reports this week for signs of whether consumers have exhausted their borrowing capacity for purchases. Last week, stocks had a mixed performance, and fell on Friday. Richard Sparks, an analyst at Schaeffers Investment Research, noted stocks pulled off their lows of the session as investors pared concerns about the strength of retail sales and the dollar, though he noted some pessimism remained. "I think those concerns are keeping some traders on the sidelines." This week begins slowly, with the Dallas Federal Reserve expected to release a report on regional manufacturing Monday. On Tuesday, the Commerce Department is expected to issue a report on durable goods orders, which offers a look at the manufacturing sectors health. The agency is also expected to release its report on sales of existing homes for October. Also due Tuesday is the Conference Boards consumer confidence report, a retail sales report from the International Council of Shopping Centers, and a regional factory report from the Richmond, Virginia, Fed. FOREX: The dollar is consolidating against major currencies, after its selloff Friday that plunged the greenback to a 19-month low versus the euro and a nearly two-year low against the U.K. pound. At its peak Friday, the euro reached $1.3110, a level not seen since April 2005. The U.K. pound attained $1.9351, unseen since December 2004. The dollars downward trend "is unlikely to end ... as the fundamentals and market flows are increasingly stacked up against the U.S. currency," said Ashraf Laidi, chief foreign exchange analyst at CMC Capital Markets. But analysts at Brown Brothers Harriman said the dollar might bounce back this week. "Rather than jump aboard what appears to be a southbound dollar express, traders might be better advised to take some profits and wait for the next train," the analysts said. "Money managers and corporations should consider taking advantage of the run-up in foreign currencies to increase hedge ratios." BONDS: Treasurys are headed for a flat start this week, having chalked up gains on Friday. But some strategists doubt Fridays momentum will carry on. "Were definitely in the sell zone," said Tom di Galoma, head of Treasurys at Jefferies & Co. "We anticipate some push higher in yields (this) week," he said, particularly given the forthcoming auctions of two- and five-year notes. But if retailers report subpar sales, Treasurys could get periodic boosts. OIL: Prices rose 66 cents to $59.60 Friday after a deadly attack on an oil facility in Nigeria. ASIAN SUMMARY: Japan Stocks Gain; Oil Higher USD-Yen 116.13 gain 0.33 up 0.2% AUD-USD 0.7795 gain 0.0007 up 0.1% Nikkei 225 15786.27 gain 51.67 up 0.3% Hang Seng 19177.99 loss 82.31 dn 0.4% S&P/ASX 200 5447.00 loss 5.60 dn 0.1% Taiwan Index 7485.99 gain 58.63 up 0.8% S.Korea Kospi 1421.55 loss 0.2 dn 0.02% JGB 10-Year Yield 1.6600% up 0.0050 (All values as of 0550 GMT) STOCKS: Asian stocks were mostly mixed Monday, with Japans Nikkei Average erasing early losses to trade higher on gains in Mitsubishi UFJ Financial Group and other banking shares. Energy-related stocks such as Inpex Holdings also rose, following gains in crude-oil prices. Taiwan shares extended a 9-day winning streak amid market confidence after private-equity firm Carlyle Group said late Friday it plans to buy Advanced Semicon Engineering. FOREX: The yen is trading lower on light selling against the dollar, in a momentary rebound. The dollar continues to suffer from concerns over diversification of official reserves. Last Friday, China warned other countries that holding excessive dollar reserves may not be a good idea. Wu Xiaoling, a senior Peoples Bank of China official, said Friday that continued weakness in the U.S. dollar poses a risk for East Asias foreign-exchange reserves, Market News International reported. On Monday, the Chinese yuan set a new post-revaluation high against the U.S. dollar and also for the first time matched the weak side of the Hong Kongs dollars official trading band against the U.S. unit. BONDS: Prices of Japans government bonds were little changed, while investors waited for comments from Bank of Japan Governor Toshihiko Fukui and key data this week. Dealers looked for little upside potential in prices for now. METALS: Golds recovery may accelerate as improving chart patterns and growing pessimism in the U.S. dollar arouse investor interest, participants said Monday. Spot gold was at $640.40, up $2, and could head to $650 if it holds its gains by the end of the global session Monday, dealers said. In base metals, copper futures extended last weeks gains, but at a slower pace. OIL: Prices rose 31 cents to $59.55 Monday as chart technicals started to firm, with $60 a key goal for bulls. EUROPEAN OUTLOOK: Stocks Seen Opening Lower Euro-USD 1.3122 gain 0.0022 up 0.2% Stlg-USD 1.9360 gain 0.0027 up 0.1% USD-Franc 1.2072 loss 0.0019 dn 0.2% (All values as of 0550 GMT) European stocks are set to open lower, with prices of government debt and the euro slightly higher. STOCKS: European markets are set for a weaker start with concerns over the state of the U.S. economy continuing to weigh. U.K. spreadbettor City Index is calling the FTSE down 15 at 6107, the DAX down 35 points at 6376 and the CAC down 20 at 5369. In corporate news, Spanish utility Iberdrola is expected to table a bid around GBP12 billion this week for U.K. peer Scottish Power, people close the matter said Sunday. Disputes between the core shareholders of Airbuss parent company EADS threaten to delay the launch of its next planned jetliner, the A350 XWB, according to people familiar with the situation. European stocks fell on Friday for the third straight session with the rising euro weighing because it makes exports more expensive. FOREX: The euro is likely to trade higher Monday, with investors betting the European Central Bank appears set to hike its key rate once again before the end of this year to stem inflation and excessive growth. The prospect of rising ECB rates and lower Fed rates will keep pressure on the dollar. Foreign exchange traders and economists see even more potential for further appreciation. Global Insight economist Howard Archer said he expected the currency to reach $1.40 next year, and other forecasters agree on the direction if not the extent of the euros next moves. BONDS: European government bonds, expected to continue seeing prices rise, rallied Friday because of the euros drive higher. This week, the early focus is expected to remain on the euro, especially if it can build on Fridays gains in a market that is back to full strength. The data calendar kicks off Tuesday with euro-zone M3. HSBC forecasts risk of a rise to 8.8% from Septembers 8.5% increase, creating worries for "monetarist" hawks at the European Central Bank On Thursday, the flash estimate of inflation in the euro zone in November is expected to show a rise in the consumer price index to a three-month high of 1.9%, in large part because energy prices are falling less this month than their 3% drop in November 2005. The week also features data on German joblessness and retail sales as well as on consumer sentiment and the state of manufacturing in the euro area. CALENDAR: Monday, Nov 27: Dallas Fed Report; BoEs Lomax GMT Expected Previous 0930 UK Oct BBA Major British Banking Groups Mortgage & Consumer Lending 1530 US Nov Dallas Fed Mfg Production Index 8.4 1530 EU ECB Main Refi Ops Bids 1700 US Oct Chicago Fed Midwest Mfg Index -1.1% 1910 UK BoE Dep Gov Lomax speaks to Cardiff Business Club -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com (MORE TO FOLLOW) Dow Jones Newswires November 27, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 27 Nov 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Bayer (BAY): 3Q Earnings Average net profit (DJ, 10 analysts): EUR219M (EUR493M) Average EBIT before items: EUR695M (EUR653M) Average sales: EUR7.8B (EUR6.2B) Note: Drop in net profit due to charges from the amortization of assets related to the acquisition of Schering (SHR), as well as interest costs for the EUR17B buy. EBIT before items is seen up 6.4% as 3Q is the first quarter were Schering is fully consolidated and contributed to earnings. Agrochemicals is seen as Bayers laggard, suffering from weakness in Latin America, however polymers is seen flat in earnings and healthcare is expected to be a growth driver. Analysts will be watching out for possibly higher guidance for synergies of the Schering acquisition and a possibly upped guidance for Bayers polymers business. Report due premarket. OTHER SCHEDULED EVENTS: Ad Pepper Media International (APM.XE): 3Q Earnings Advanced Vision Technology (VSJ.XE): Analyst Meeting Arkil Holding (ARKIL-B.KO): 3Q Earnings ARQUES Industries (AQU.XE): Analyst Meeting ASM International (33411.AE): EGM ATOSS Software (AOF.XE): Analyst Meeting Augusta Technologie (ABE1.XE): Analyst Meeting Baader Wertpapierhandelsbank (BWB.XE): Analyst Meeting Basler (BSL.XE): Analyst Meeting Baywa (BYW.XE): Analyst Meeting Beate Uhse (USE.XE): Analyst Meeting BETA Systems Software (BSS.XE): Analyst Meeting Bmp (BTBA.XE): Analyst Meeting Brain Force Holding (BFC.VI): 3Q Earnings BSS Group (BTSM.LN): 1H Earnings Cash.life (SGS.XE): Analyst Meeting CDV Software Entertainment (OGG.XE): Analyst Meeting CeWe Color Holding (CWC.XE): Analyst Meeting Colonia Real Estate (KBU.XE): Analyst Meeting COMTRADE (CTB.XE): Analyst Meeting Constantin Film (CFA.XE): Analyst Meeting Deutsche Beteiligungs (DBA.XE): Analyst Meeting Deutsche Entertainment (ERM.XE): Analyst Meeting Deutsche Euroshop (DEQ.XE): Analyst Meeting Deutsche Wohnen (DWN.XE): Analyst Meeting DIC Asset (DAZ.XE): Analyst Meeting Dr Honle : Analyst Meeting Duerr (DUE.XE): Analyst Meeting Elexis (EEX.XE): Analyst Meeting E-M-S New Media (EMN.XE): Analyst Conference Call Eniro (ENRO.SK): Capital Market Day Essanelle Hair Group (EHX.XE): Analyst Meeting Fluxx (FXXN.XE): Analyst Meeting Fortum (FUM1V.HE): Investor/Analyst Day Gartmore Smaller Cos (GSM.LN): AGM GeneMedix (GMX.LN): 3Q Earnings Germanos (GERM.AT): 3Q Earnings GfK (GFK.XE): Analyst Meeting Hawesko Holding (HAW.XE): Analyst Meeting Homeserve (HSV.LN): 1H Earnings Hyder Consulting (HYC.LN): 1H Earnings InnoTec TSS (TSS.ST): 3Q Earnings Isra Vision Systems (ISR.XE): Analyst Meeting Jack White Productions (JWP.XE): 3Q Earnings Labs2 Group (LABS.SK): 3Q Earnings Lenzing (LNZ.VI): 3Q Earnings Lindsell Train Inv (LTI.LN): 1H Earnings LPKF Laser & Electronics (LPK.XE): Analyst Conference Call MITIE Group (MTO.LN): 1H Earnings Nemetschek (NEM.XE): Analyst Meeting Olav Thon Eiendomsselskap (OLT.OS): 3Q Earnings Parken Sport & Entertainment (PARKEN.KO): Q1 Earnings PC-WARE Information (PCW.XE): 1H Earnings Phoenix IT Group (PNX.LN): 1H Earnings Pongs & Zahn (PUZ.XE): 3Q Earnings Proventec (PROV): 1H Earnings QSC (QSC.XE): 3Q Earnings RM (RM.LN): FY Earnings Shires Income (SHRS.LN): 1H Earnings Trelleborg (TREL-B.SK): Capital Markets Day Triplan (TPN.XE): Analyst Conference UBC Media (UBC.LN): 1H Earnings United Labels (ULC.XE): Analyst Conference USU Software (OSP2.XE): Analyst Conference Zapf Creation (ZPF.XE): Analyst Meeting (MORE TO FOLLOW) Dow Jones Newswires November 27, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc. 27 Nov 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates Edinburgh UK Smaller Companies (EFS.LN): 1H 2006 Dividend Payment Date Lincat (LCT.LN): FY 2006 Dividend Payment Date Schroder Oriental Income Fund (SOI.LN): FY 2006 Dividend Payment Date SIG (SHI.LN): 1H 2006 Dividend Payment Date (END) Dow Jones Newswires November 27, 2006 01:45 ET (06:45 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.


 

Nordic Business Report-November 27, 2006-Atlas Copco wins mining equipment contract in Democratic Republic of Congo (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial productivity solutions provider Atlas Copco has secured a major mining equipment order in the Democratic Republic of Congo, the company said on Monday (27 November). The order, worth in excess of SEK100m, covers face drilling rigs, rock bolters, four 15-tonne loaders, six mine trucks, as well as parts and accessories to the Kamoto Mine project in the Katanga province. The contract was won by Atlas Copco Zambia Ltd from Kamoto Operating Ltd. The Kamoto copper and cobalt mine is expected to go into production in the fourth quarter of 2007. Atlas Copco, headquartered in Stockholm, Sweden, is a global provider of industrial productivity solutions. The company has 27,000 employees and is present in 150 markets worldwide. Atlas Copco is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-November 27, 2006-Norwegian offshore services provider Geo ASA wins long-term contract from Subsea 7 (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian offshore services provider Geo ASA said on Monday (27 November) that it has won a long-term contract from Subsea 7. The contract, signed for six years, covers the charter of a vessel and the delivery of two large remotely operated vehicles (ROVs) with crew. The first year of the contract will be served by the Geo TBN, currently under construction, while the remaining years will be served by a vessel hired from DOFCON. No financial details were disclosed. Geo, based in Astveit in Norway, provides offshore survey, maintenance, construction support and subsea engineering services, and owns a fleet of 16 vessels. The company is listed on the Oslo Stock Exchange under the ticker GEO. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Espoo, Finland - According to new research from Nokia, mobile phone gamers are looking to the next generation of mobile gaming to meet their needs to easily discover, share and play fun and high quality mobile games. The results found mobile phone gamers frequently play mobile games for an average of 28 minutes per session, value improved game graphics, prefer to trial games before buying, and find communities increasingly integral to their overall mobile gaming experience. Play more, play longer The mobile phone gamers surveyed frequently play mobile games with the vast majority (80%) playing at least once a week and 34% playing every day. The average length of a session is 28 minutes with India (39 minutes), United States (31 minutes) and Thailand (29 minutes) playing longer than average. Mobile phone games are played on the move (61%) almost as much as they are played at home (62%). Also, mobile phone gamers are making the most of their idle time with 56% preferring to play while waiting. Next generation appeal Almost two thirds (63%) of the respondents preferred the richer experience of Nokia's next generation mobile games offering over existing Java 2D and Java 3D games offerings, particularly following game trials. Good gameplay (83%), replayability (79%) and game genre (78%) are key motivators when considering which mobile games to purchase. Graphical quality (84%) and using the phone for other purposes while downloading (78%) were found to be the most important features when deciding to play Nokia's next generation mobile games. Try before you buy If given the opportunity to trial a game before buying it, most (43%) would prefer to trial two to three games per week as opposed to only one (21%). Post-trial, the majority (65%) would prefer to pay for a full game outright rather than buy a subscription (27%). When it comes to getting games, over-the-internet (OTI) distribution (34%) is almost as popular as over-the-air (OTA) distribution (45%). Connect, compete and share Worldwide gaming trends show that connecting people, either as teammates or as opponents, is becoming an increasingly important part of what consumers want from their mobile gaming experience. Globally, 45% play multiplayer games on their mobile phones at least once a month. India tops with over half (56%) playing at least once a week and one in four playing everyday. Not only do players want to defeat their foes, they also want to share game demos with their friends (62%). Additionally, a large majority (79%) would trial games sent by friends. "These research results further validate that consumers are looking to the next generation of mobile gaming to meet their gaming needs," says Jaakko Kaidesoja, director, games, multimedia, Nokia. "Consumers are demanding great graphics, great content and great game play and we have listened. Next year, we intend to deliver superior mobile gaming experiences which will include great looking, involved and connected games that are easy to find, manage and play." "Web 2.0 saw the birth of a new, more empowered use of the internet and with the next generation of mobile gaming we are on the brink of the same evolution," adds Kaidesoja. "Since the start of the N-Gage Arena, Nokia has recognized consumers' desire for communities and connected social gaming. We are evolving our online community strategies to bring truly connected easy to use mobile gaming experiences to millions of mobile device owners worldwide." Notes to editors Nokia commissioned Nielsen Entertainment to conduct research in six countries worldwide. One hour interviews were carried out with 1800 participants across China, Germany, India, Spain, Thailand and the United States. For results overviews, please contact n-gage@chocolatecom.co.uk. About the next generation of mobile gaming by Nokia Nokia is an innovator in mobile, interactive entertainment and is re-defining the mobile gaming experience. Starting in 2007, Nokia will allow consumers to easily find, buy, play and manage great quality mobile games on upcoming Nokia Nseries multimedia computers and other Nokia S60 devices. Consumers will be able to connect to the N-Gage Arena, Nokia's mobile, global gaming community. Nokia is working with the world's leading publishers, including Electronic Arts and Gameloft, to deliver a broad portfolio of exciting, high quality games. www.n-gage.com About Nokia Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. Media Enqui