*

miðvikudagur, 20. mars 2019

janúar, 2007

 

* Growth in revenues quarter over quarter 22 %. * EBITA at 70 MNOK, in line with estimates. * EBITA quarter over quarter down 1,6 %. * Higher raw material prices. * Capacity cost due to high volumes. For more information we refer to the enclosed material. Kongsberg 18.10.2006 The Board of Directors of Kongsberg Automotive Holding ASA For more information please contact CEO Olav Volldal, tlf +47 982 14 014 CFO Trond Stabekk, tlf +47 982 14 054


 

On 31 January Corio Nederland Retail and Fortis Vastgoed Ontwikkeling signed a turnkey agreement for the redevelopment of the shopping centre 't Circus in Almere. Corio France has bought 130,000 m² of land next to the existing Côte de Nacre shopping centre in Caen for the future extension of this centre.


 

Acting on its authorization to acquire up to 10% of its shares the H. Lundbeck Supervisory Board has resolved to initiate a share buyback program. Under the program H. Lundbeck will buy own shares for an amount of up to DKK 6 billion until end of 2007, cf. stock exchange announcement number 166 on 17th August 2005. During any one single trading day a maximum of 25% of the average daily trading volume of Lundbeck shares on the Copenhagen Stock Exchange, calculated over 20 days prior to each trading date, will be bought back, as the share buyback program is implemented in accordance with the provisions of the European Commission's regulation no. 2273/2003 of December 22, 2003. At least once every seven trading days, Lundbeck will issue an announcement in respect of the transactions made under the program. The following transactions have been made under the program: No. of shares Average Transaction value purchase price (DKK) (DKK) Accumulated, last 17,252,496 134.3582 2,318,014,647 announcement 23 January 2007 70,177 159.7710 11,212,253 24 January 2007 - - - 25 January 2007 - - - 26 January 2007 - - - 29 January 2007 - - - 30 January 2007 - - - 31 January 2007 - - - Accumulated under the 17,322,673 134.4612 2,329,226,900 program Following the above buyback Lundbeck owns a total of 4,033,530 own shares at a nominal value of DKK 5, equal to 1.90% of the total number of 212,155,154 shares. The content of this release does not change the Lundbeck Group's previously announced expectations as announced in connection with reporting for the 3rd quarter 2006 financial result. 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 257 - 31 January 2007 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


 

Jean-Paul Votron was elected as ' The Business Leader of the Year' during the European Business Awards Conference & Ceremony in Brussels. The handing out of the European Business Awards took place today in Brussels. The ceremony rewards the most successful companies from the 25 European Union Member States. In the category 'The Business Leader of the Year', the award went to Jean-Paul Votron. The jury crowned him with this title because of his extraordinary leadership and exceptional vision which has led to Fortis's remarkable performance. "It is a great award, not only for me, but also for the nearly 60,000 people of Fortis and our clients," said the CEO after the ceremony. Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalisation of EUR 42.1 billion (31/12/2006), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 50 countries and our dedicated, professional workforce of 58,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available at www.fortis.com. Press Contacts: Brussels: +32 (0)2 565 35 84 Utrecht: +31 (0)30 226 32 19 Investor Relations: Brussels: +32 (0)2 565 53 78 Utrecht: +31 (0)30 226 32 20


 

Reykjavik (IFN) Swiss investment bank UBS is among three international banks to me mandated to lead the acquisition financing for Icelandic generic drug maker Actavis planned takeover the generic drugs unit of Germanys Merck, market sources told IFN. The size of the deal, which has not been disclosed, could indicate what Actavis is willing to pay for the unit. Actavis has also announced a planned share offering to fund acquisitions.Actavis chief executive, Robert Wessman confirmed that the company was interested in bidding on the unit last Friday, while Indias Ranbaxy had previously declared interest.The units possible price tag is estimated in the region of EUR4-5 million.(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.


 

Vancouver, January 31, 2007 - Global Developments, Inc. (PINKSHEETS: GDVM), a publicly traded venture capital company, is pleased to announce that on January 30, 2007, it entered into an agreement to sell 100% of its interest in six Saskatchewan mineral claims, collectively called the Fort a La Corne Diamond Collection, to Blackedge Strategic Capital and Consulting Ltd., a private company, in exchange for 1,000,000 shares in Trilliant Inc., a public company trading on the OTC Bulletin Board under the symbol TRLL.OB. Upon transfer, Global will no longer be responsible for maintenance of the properties. The Saskatchewan claims are numbered S-137660 through S-137665, and represent a collection of mineral claims in the diamond-producing region of Fort a la Corne, Saskatchewan. About Global Developments Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor or parent company. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information. Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com. Contact: Global Developments, Inc. Leighton Dean (604) 685-7552 ldean@globaldevelopmentsinc.com Source: GLOBAL DEVELOPMENTS, INC.


 

Reykjavik (IFN) CVC Iceland Holding hf. is among possible bidders for National Grid Wireless (NGW), CVC Iceland Holdings chief executive, Bjarni K. Thorvardarson, confirmed on Wednesday.National Grid announced the planned sale of National Grid Wireless last autumn, which is valued at GBP2 million.Blackstone, Apax, Warburg Pincus and Cinven have all been mentioned as being interested in the unit.


 

Emitter of Financial Instrument: GPC Biotech AG, Fraunhoferstr. 20, 82152 Martinsried Name Dr. Jürgen Drews (Chairman of Supervisory Board) Financial Instrument Ordinary bearer shares ISIN DE0005851505 Classification of Sale transaction Date 01/15/2007 Place Xetra Price 21.68 (average) Currency Euro Number of shares 14,400 Volume 312,192 Contact: GPC Biotech AG Martin Braendle Director, Investor Relations & Corporate Communications Phone: +49 (0)89 8565-2693 ir@gpc-biotech.com


 

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 01/31/07 -- ROMARCO MINERALS INC. (TSX VENTURE: R) is pleased to announce results from its initial underground channel sampling program at the Pinos Gold District in Mexico. Historically, the Pinos district produced 5 million ounces of gold and 25+ million ounces of silver (reported by Bethlehem Steel). To date, 46 samples have been collected and assayed by Romarco with five additional samples pending results. These underground channel samples (with the exception of Penitas, P-1) were taken from the Catanava area utilizing existing shafts and sampling along previously mined veins. The Catanava area is a 50/50 Joint Venture and represents only 4% of the total land package at Pinos. The underground channel samples were taken from the 5, 10 and 30 meter levels. The P-1 Penitas channel sample (averaging 6 g/t gold and 190 g/t silver) is from a six (6) meter wide vein on Romarco's 100% portion of the property. The Infantita underground channel sample returned 17 g/t gold and 17 g/t of silver. Coarse free gold was experienced at Pinos. To ensure accuracy and avoid erratic assay results that can result from a "nugget effect", Romarco took extra precaution in analyzing the samples and performed three (3) one assay ton fire assays and a one kilogram screen fire assay for each sample. All samples had a very high correlation. The vein systems contain both coarse and fine gold. It should be noted that the veins sampled contain wallrock fragments which dilute the overall precious metals values. The assays received are consistent with Romarco's expectations for the initial sampling program on the 5, 10 and 30 meter levels. Additional sampling at deeper levels is planned. Selected sample results from the initial program are set out in the table below. An additional 5 samples contained gold ranging from 3 g/t to 6.4 g/t and an additional 17 samples returned silver assays ranging from 20 g/t to 136 g/t. PINOS GOLD DISTRICT UNDERGROUND CHANNEL SAMPLES Sample Vein Gold (g/t) Silver (g/t) ------------------------------------------------------------ I-1 DUP 1 Infantita 17 17 I-1 DUP 2 13 less than 5 I-1 DUP 3 13 10 P-1 DUP 1 Penitas 6 193 P-1 DUP 2 7 189 P-1 DUP 3 6 196 G-2 DUP 1 Guapo 13 25 G-2 DUP 2 13 22 G-2 DUP 3 13 22 T3-1 DUP 1 Tanous 6 37 T3-1 DUP 2 6 34 T3-1 DUP 3 6 38 T3-2 DUP 1 Tanous 5 28 T3-2 DUP 2 5 26 T3-2 DUP 3 5 28 T3-3 DUP 1 Tanous 3 18 T3-3 DUP 2 2 28 T3-3 DUP 3 3 18 T3-4 DUP 1 Tanous 5 16 T3-4 DUP 2 5 20 T3-4 DUP 3 5 24 T3-5 DUP 1 Tanous 7 14 T3-5 DUP 2 7 20 T3-5 DUP 3 6 19 T3-6 DUP 1 Tanous 7 13 T3-6 DUP 2 7 less than 5 T3-6 DUP 3 7 10 T3-7 DUP 1 Tanous 7 15 T3-7 DUP 2 7 5 T3-7 DUP 3 6 10 T1A-2 DUP 1 Tanous 5 23 T1A-2 DUP 2 5 29 T1A-2 DUP 3 5 25 G-1 DUP 1 Guapo 3 19 G-1 DUP 2 3 26 G-1 DUP 3 3 23 G-3 DUP 1 Guapo 2 51 G-3 DUP 2 2 47 G-3 DUP 3 2 46 SM-3 DUP 1 San Miguel 3 83 SM-3 DUP 2 2 89 SM-3 DUP 3 2 84 Romarco recently completed a geologic mapping program of the Catanava portion of the Pinos property, and a follow-up sampling program will begin shortly. Tommy Thompson, VP Exploration, is Romarco's Qualified Person on the project. The assays were prepped in the ALS Chemex lab in Guadalajara, Mexico. The analysis for gold and silver were performed by ALS Chemex in Vancouver, Canada. Pinos Gold District The Pinos Gold District comprises more than 3,000 hectares of multi-vein gold systems. - Discovered by the Spaniards in 1546 - Gold dominant district - Last mining was in 1941 - Limited modern day exploration - Historical production estimated at 5 million ounces of gold and 25+ million ounces of silver (as reported by Bethlehem Steel, a previous operator of the project) - Prior mining was above the water table (approx. 100 m in depth) - Three known vein systems with continuous strike length of over 5 km - Numerous additional parallel veins identified through previous drilling but have never been mined Additional information on the Pinos Gold District, including maps and photos, is available at Romarco's website at www.romarco.com. Romarco Minerals is an advanced stage exploration company with 5 projects in Nevada and one gold district in Zacatecas, Mexico. ON BEHALF OF ROMARCO MINERALS INC. Diane R. Garrett, President and C.E.O. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release, which has been prepared by management. Contacts: Romarco Minerals Inc. Diane Garrett President and C.E.O. (830) 634-7489 Email: dgarrett@romarco.com Romarco Minerals Inc. Mr. Ralf Langner C.F.O. (604) 688-9271 Email: rlangner@romarco.com Website: www.romarco.com


 

DONNA CORDNER RESIGNS FROM BOARD OF DIRECTORS Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A and TEL2 B), Europe's leading alternative telecoms operator, today announced that Donna Cordner, currently a member of the Tele2 Board of Directors, has been appointed to a newly created position, Executive Vice President of Corporate Finance and Treasury. Subsequently, in order for Donna Cordner to accept this new role, she has resigned from the Board of Tele2, effective immediately. Donna Cordner has a strong financial background from her roles as Managing Director and Global Head of Telecommunications and Media Structured Finance at Citigroup. She has also held senior management positions at Société Générale and ABN Amro Bank N.V. in the United State and Europe. More recently, Donna Cordner was CEO of HOFKAM Ltd., a microfinance company in Uganda and Senior Vice President at Unitus in Redmond, WA. Donna Cordner has been a member of the Tele2 Board of Directors since May 2006. Since 2004, Donna Cordner has also been a member of the board of Millicom International Cellular S.A. Lars-Johan Jarnheimer, President and CEO of Tele2, comments: "I am very pleased to announce the appointment of Donna Cordner as the new Executive Vice President of Corporate Finance and Treasury. Tele2 continues to have many exciting opportunities and challenges ahead so having Donna's experience and knowledge as a part of our executive management team will be a tremendous resource for the company. Additionally, the recruitment of a new Chief Financial Officer is in its final stages and we expect to announce this appointment in March." Vigo Carlund, Chairman of the Board of Directors, says: "On behalf of the Board, I want to welcome Donna to her new position. I have accepted her resignation from the Board, but look forward to continuing to draw upon her competence in her new role within the organization. Under Lars-Johan and his strengthened executive management team's leadership, Tele2 will be in a great position to be able to prioritize its continued geographic focus, growth and development over the coming years." CONTACTS Lars-Johan Jarnheimer Telephone: +46 8 5626 4000 President and CEO, Tele2 AB Lars Torstensson Telephone: +46 7 0273 4879 Investor enquiries Visit our web site at www.tele2.com Tele2 is Europe's leading alternative telecom operator. Tele2's mission is to provide cheap and simple telecoms for everyone in Europe. Tele2 always strives to offer the market's best prices. We have 31 million customers in 22 countries. Tele2 offers fixed and mobile telephony, broadband, data network services, cable TV and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies. Tele2 has been listed on Stockholmsbörsen since 1996. In 2005 we had operating revenue of SEK 50 billion and reported a profit (EBITDA) of SEK 6.6 billion.


 

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 | Scottish Power Plc | |------------------------------------+------------------------------| | Class of relevant security to | 4% 2049 US$ Perpetual | | which the dealings being disclosed | Subordinated Convertible | | relate (Note 2) | Bonds | |------------------------------------+------------------------------| | Date of dealing | 30th January 2007 | +-------------------------------------------------------------------+ IN ADDITION DEALT ON PREVIOUS DATE DURING THE OFFER PERIOD AS ATTACHED 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 | 11,500,000 | 1.6429 | | | | | | | | | |------------------------------+------------+--------+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |------------------------------+------------+--------+--------+-----| | (3) Options and agreements | | | | | | to purchase/sell | | | | | | | | | | | |------------------------------+------------+--------+--------+-----| | Total | 11,500,000 | 1.6429 | | | | | | | | | +-------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) +-------------------------------------------------------------------+ | Class of relevant | Long | Short | | security: 42p Ordinary | | | | | | | |--------------------------+-------------------+--------------------| | | Number | (%) | Number | (%) | | | | | | | |--------------------------+-----------+-------+-----------+--------| | (1) Relevant securities | | | | | | | | | | | |--------------------------+-----------+-------+-----------+--------| | (2) Derivatives (other | 2,873,230 | .1930 | 1,450,119 | . 0974 | | than options) | | | | | | | | | | | |--------------------------+-----------+-------+-----------+--------| | (3) Options and | | | | | | agreements to | | | | | | purchase/sell | | | | | | | | | | | |--------------------------+-----------+-------+-----------+--------| | Total | 2,873,230 | .1930 | 1,450,119 | .0974 | | | | | | | +-------------------------------------------------------------------+ (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 - 28 Nov 2006 | 1,000,000 | 202.8167 | | Sold - 30 Nov 2006 | 1,000,000 | 208.6111 | | Sold - 03 Jan 2007 | 3,000,000 | 207.2500 | | | | | +-------------------------------------------------------------------+ +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 5) | | | | $ | |---------------+----------------------+-------------------------| | Sold | 2,000,000 | 206.7500 | +----------------------------------------------------------------+ (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 | 31st January 2007 | |-----------------------------------------------+-------------------| | 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---


 

* Turnover increased by 2 % and amounted to MSEK 1,988 (MSEK 1,953). * Operating profit amounted to MSEK -8.8 (MSEK 121.8) after expenses for write-downs etc. in the operations in Kungsbacka of MSEK -151 (0). * Pre-tax profit/loss was MSEK -31.8 (MSEK 105.3) after expenses for write-downs etc. in the operations in Kungsbacka of MSEK -151 (0). * Net profit/loss totalled MSEK -49.0 (MSEK 77.6) or SEK -5.85 per share (SEK 9.27 per share)*. The effect on net profit/loss of the expenses for write-downs etc. in the operations in Kungsbacka was MSEK -139.8 or SEK -16.70 per share. * Operating cash flow amounted to MSEK 141 (MSEK 21). Write-downs etc. in the operations in Kungsbacka did not affect cash flow. * A contract has been signed with Sommer Corporate Media in Waiblingen, Germany, which will have a positive effect on results in 2007. Further details are given in a separate press release presented today. * The Board plans to propose that the acquisition is partially financed through a new share issue of MSEK 150 with preferential rights for all shareholders with an offering price of SEK 110, which is 1 new share per 6 old shares. * After the planned divestiture of operations in Kungsbacka during the first quarter of 2007 the unit for page and advertising production in Stockholm will become part of Infologistics and the business area Infoprint will cease to exist. * During the period the Group signed such significant contracts as those with Ahsell, Alfa Laval, Astra-Zeneca, Bergman & Beving, Fuji Digital Cameras, the United Nations, General Motors Europe, Husqvarna, Kinnevik, SAS and the Swedish Parliament. * The Board of Directors proposes a dividend of SEK 2.50 per share (SEK 2.50 per share). * The forecast for 2007 is improvement in turnover and pre-tax profit compared with 2006, not including expenses for write-downs etc. in the operations in Kungsbacka of MSEK -151. *) No dilution took place during the given periods. Questions concerning this report can be made to: Patrick Holm Mats Almgren President and CEO Chief Financial Officer Telephone: +46 31- 750 0750 Telephone: +46 31- 750 0760 Mobile: +46 708-210 410 Mobile: +46 705-181 936 The full report including tables can be downloaded from the following link:


 

Sponda Plc Stock Exchange Release 31 January 2007, 4.45 pm Ministry of Finance exercises property purchase rights related to Kapiteeli transaction The agreement reached by the Finnish government and Sponda Plc on the acquisition of Kapiteeli Plc also confers on the Finnish government the right to repurchase certain land sites intended for residential development. The Ministry of Finance has today informed Sponda that it intends to exercise this right. The Ministry of Finance announces that the Finnish government will exercise its repurchasing right with respect to two land sites, with an aggregate area of 58 hectares, in the Hakuninmaa and Honkasuo districts of Helsinki. The Ministry also announces that the Finnish government will not exercise its repurchasing right with respect to the land sites in Vantaa and Jyväskylä itself but will indicate as the purchasers of these sites the local governments that have announced their willingness to exercise the government's repurchasing right. The sites in question have a total sales price of EUR 67.3 million. The transactions will have no impact on Sponda's result. In all cases the agreements will be signed by the end of February. Selling these sites is part of Sponda's strategy to sell certain property assets for EUR 300-500 million in order to refinance the loan raised to finance the Kapiteeli acquisition. Sponda Plc Further information: Kari Inkinen, President and CEO, GSM: +358 (0)400-402 653 Erik Hjelt, SVP Legal Affairs, GSM: +358 (0)400-472 313 Sponda Plc is a real estate company specializing in commercial properties mainly in the Helsinki metropolitan area. Sponda's business concept is to own, lease and develop office, retail and logistics properties into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 2.9 billion euros and the leasable area is around 2 million m². Sponda is the largest real estate investment company listed on the Helsinki Stock Exchange.


 

- Development of CSeries aircraft family continues; discussions with limited number of international partners progressing - Next update on status of the program to be provided in late March 2007 MONTREAL, QUEBEC -- (MARKET WIRE) -- January 31, 2007 -- Bombardier confirmed today that it will continue to refine its CSeries business plan. The program's team continues to optimize the aircraft configuration to meet customers' requirements for a more economical, flexible and passenger-oriented airliner. The new target date for entry into service is now 2013. "The decision process related to the launch of an aircraft program with more than a 20-year lifespan takes time and requires a well-defined business plan to ensure the program's long-term success," said Pierre Beaudoin, President and Chief Operating Officer, Bombardier Aerospace. "As we have previously confirmed, the CSeries plan includes international partnerships, and discussions are progressing. We continue to see the lower end of the 100- to 149-seat market as a segment with a solid potential. We will provide the next update on the status of our CSeries aircraft program in late March 2007." New developments under consideration include increased use of composite material for the wing and fuselage and the next-generation engine technology, which could yield up to 15 per cent better fuel burn than the existing technology on aircraft in production today. Heightened customer and supplier interest confirm Bombardier's belief in addressing the lower end of the 100- to 149-seat market segment, estimated at 5,800 aircraft over the next 20 years. 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. Bombardier and CSeries are trademarks of Bombardier Inc. or its subsidiaries. Note to Editors Bombardier will hold a conference call for institutional investors, analysts and media representatives as follows: DATE: Wednesday, January 31, 2007 TIME: 10:30 a.m., Eastern Standard Time There will be two question periods during the conference call. The first question period is intended for institutional investors and analysts. It will be followed by a second question period intended for media representatives. Institutional investors, analysts and media representatives wishing to participate in the conference call can do so by dialing one of the following numbers: Original version: 514-394-9321 or (without translation) 1-866-540-8119 (toll-free in North America) +800-2787-2790 (international overseas calls) In English: 514-394-9319 or 1-866-240-8935 (toll-free in North America) +800-2492-4460 (international overseas calls) In French: 514-394-9317 or 1-888-791-1369 (toll-free in North America) +800-4994-8960 (international overseas calls) This conference call will also be broadcast live on the Internet at the following address: www.bombardier.com Contacts: Bombardier Aerospace Marc Duchesne 514-855-7989 www.bombardier.com


 

Hat Pin plc (the "Company") Hat Pin plc announces that it has applied for the Admission to AIM ("Admission") of 50,000 new ordinary shares of 2.5 pence each in the capital of the Company, which are being issued pursuant to the exercise of options to subscribe for new ordinary shares at £0.50 per share. The new ordinary shares will rank pari passu in all respects with the Company's existing ordinary shares. It is expected that Admission of the new ordinary shares will become effective on or around 6 February 2007. ---END OF MESSAGE---


 

Sun Life Pensions Management Ltd 100,000 Framlington AIM VCT1 234,375 Framlington AIM VCT2 390,625 5. Date of the transaction (and date on which the threshold is crossed or reached if different) : 19 January 2007 6. Date on which issuer notified: TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Hat Pin plc 2. Reason for the notification (please state Yes/No): An acquisition or disposal of voting rights: (No) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (No) An event changing the breakdown of voting rights: (No) Other (please specify) : (Yes) An initial notification due to change in thresholds for non-material interest 3. Full name of person(s) subject to the notification obligation : AXA Investment Managers UK Limited 4. Full name of shareholder(s) (if different from 3.) : 26 January 2007 7. Threshold(s) that is/are crossed or reached: 3% 8. Notified details: n/a A: Voting rights attached to shares Class/type of shares if possible Situation previous to the using the ISIN CODE Triggering transaction Number of shares Number of voting Rights Ordinary Shares 725,000 725,000 GB0030348576 Resulting situation after the triggering transaction Class/type of shares Number of Number of voting % of voting rights shares rights (ix) if possible using the ISIN CODE Direct Direct Indirect Direct Indirect (x) (xi) Ordinary Shares n/a n/a 725,000 n/a 3.02% GB0030348576 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/Conversion Number of voting % of financial Date Period/ Date rights that may be voting instrument acquired if the rights instrument is exercised/ converted. n/a n/a n/a n/a n/a Total (A+B) Number of voting rights % of voting rights 725,000 3.02% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable n/a Proxy Voting: 10. Name of the proxy holder: n/a 11. Number of voting rights proxy holder will cease to hold: n/a 12. Date on which proxy holder will cease to hold voting rights: n/a 13. Additional information: n/a 14. Contact name: Paul Billett, Finance Director 15. Contact telephone number: 020 7438 8602 ---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) | 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 | 30 January 2007 | +-------------------------------------------------------------------+ 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|16,870,144 1.7831% | | |(other than | | | |options) | | | | | | | |---------------+------------------------------------------+-----------------------------------------------| |(3) Options and| |2,500,000 0.2644% | |agreements to | | | |purchase/sell | | | | | | | |---------------+------------------------------------------+-----------------------------------------------| |Total |16,870,144 1.7831% |2,500,000 0.2644% | | | | | +----------------------------------------------------------------------------------------------------------+ (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 (Note | Price per | | name, | (Note 6) | 7) | unit (Note | | e.g. CFD | | | 5) | |----------+------------+------------------------------+------------| | CFD | Short | 358,440 | 5.6313 | |----------+------------+------------------------------+------------| | CFD | Short | 180,000 | 5.6600 | +-------------------------------------------------------------------+ (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) YES/NO +-------------------------------------------------------------------+ | Date of disclosure | 31 January 2007 | |-------------------------------------------------+-----------------| | 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-January 31, 2007-Finnish industrial output up in December 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Finland, the Finnish statistics agency, said on Wednesday (31 January) that Finlands seasonally adjusted industrial output increased by 0.7% in December 2006 from November. The seasonally adjusted volume of industrial output increased by 5.8% year-on-year from December 2005. The capacity utilisation rate in manufacturing was 77% in December. In the pulp and paper industry the capacity utilisation rate was 87% and in the metal industry 74%. Meanwhile the capacity utilisation rate was 83% in the chemical industry and 76% in other manufacturing. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Swedish retail sales up 10.9% in December 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Sweden, the Swedish state statistics agency, said on Tuesday (30 January) that the turnover in total retail trade in December 2006 increased by 10.9%, as compared to December 2005. Retail sales for mostly food (e.g. department stores and specialised grocery stores) increased by 6.8%, while retail sales for mostly durables (e.g. clothing stores, stores for furniture, stores for second-hand goods, mail order houses) increased by 13.5%. The last three months (October-December) showed an increase of 2.7%, as compared with the previous three months (July-September). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Norwegian data security company Norman ASA signs OEM agreement with eEye Digital Security (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian data security company Norman ASA said on Wednesday (31 January) that it has entered into an OEM (Original Equipment Manufacturer) agreement with US data security vendor eEye Digital Security. Under this agreement eEye will incorporate Normans antivirus engine with SandBox technology as part of its security offering. No financial information was provided. Norman ASA is listed on the Oslo Stock Exchange and traded under the ticker NORMAN. ((Comments on this story may be sent to tww.feedback@m2.com))


 

PRESS RELEASE Crucell to Release 2006 Earnings on Tuesday, February 13, 2007 Leiden, The Netherlands, 31 January 2007 - Dutch biotechnology company Crucell N.V. (Euronext, NASDAQ: CRXL, Swiss Exchange: CRX) today announced that it will release its full-year 2006 financial results on Tuesday, February 13, 2007 at 08:00 Central European Time (CET) (02:00 US Eastern Daylight Time). At 14:00 CET, Crucell will conduct a conference call open to all which will also be webcast. To participate in the conference call, please call one of the following numbers 10 minutes prior to commencement: 1-888 495 6452 for the US; 0800 358 5261- for the UK; and 0800 265 85 31 for the Netherlands. Following a presentation of the results you will be able to ask questions during a question and answer session. The live audio webcast can be accessed via the homepage of Crucell's website at www.crucell.com, and will be archived and available for replay following the event. 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 aluminium-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, Sweden, Korea and the US. The Company employs over a 1000 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. For Crucell in the US: Leonard Kruimer Redington, Inc. Chief Financial Officer Thomas Redington Tel. +31-(0)71-524 8722 Tel. +1 212-926-1733 Leonard.Kruimer@crucell.com tredington@redingtoninc.com Barbara Mulder Tel: 31-(0) 71 524 8718 barbara.mulder@crucell.com


 

Nordic Business Report-January 31, 2007-Bioscan A/S suspends payments due to acute liquidity crisis (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Danish biogas and separation plants, and water and wastewater treatment technology company Bioscan A/S has formally announced a suspension of payments due to an acute liquidity crisis. The company said that it has been unable to raise sufficient cash for its operations, and that it has cancelled a planned directed rights issue. The board of Bioscan is currently considering which of the companys activities can continue, and in what form. Bioscan is headquartered in Odense in Denmark. The company is listed on the Nordic Exchange in Copenhagen, but the trading in its shares has been suspended. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Havila Shipping ASA completes sale of UK rescue recovery operations to Ocean Mainport Ltd (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian offshore vessels operator Havila Shipping ASA said on Wednesday (31 January) that it has completed the sale of its United Kingdom based rescue recovery business Havila Rescue UK Ltd. Havila Rescue was sold to Ocean Mainport Ltd for NOK348m. Initially announced in October 2006, the transaction signifies Havila Shippings exit from the UK rescue recovery vessel market. The company said that at the time the deal was part of its strategy to increase focus on anchor-handling tug supply, platform supply and sub-sea construction. The deal included the vessels Havila Sky, Havila Tern, Havila Searcher, Havila Sea, Havila Clever, Havila Sun, Havila Star and Havila Tigris. Havila Shipping, headquartered in Fosnavaag in Norway, provides maritime support functions for the offshore oil and gas industry. The company is listed on the Oslo Stock Exchange and traded under the ticker HAVI. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

SEK breaks new volume record In a market still characterized by high liquidity and reduced margins, the Swedish Export Credit Corporation (SEK) continued to break new volume records in 2006. New customer financial transactions reached 63.9 billion Swedish kronor (Skr), up Skr 20 billion compared to the previous record year 2005. Profits before taxes reached Skr 543.2 million, compared to Skr 498.1 million in 2005. - We can look back at a very successful year for SEK, where I am especially pleased by the increase in our credit volume, says Peter Yngwe, SEK President. Export credits and credits to corporates constituted the major part of SEK's new lending at Skr 27.7 billion. New lending to the public sector amounted to Skr 15.8 billion, while new credits to financial institutions totaled Skr 13.4 billion. Especially noteworthy in 2006: * The export credit is SEK's fastest growing business segment, reflecting the success of Swedish exports in 2006. SEK's largest credit was a credit agreement with the State of Pakistan, financing the Pakistani government's purchase of an air-borne supervision system from SAAB. SEK has also financed Ericsson's export of telecom equipment to, for instance, Tunisia, Kazakhstan and Russia. * SEK's lending to infrastructure projects in the Swedish municipalities continued at a high level. Customers included municipalities such as Södertälje, Helsingborg, Borås and Sandviken. Credits to the public sector primarily finance environment and energy investments. * SEK continued its efforts to provide credits to small and medium-sized enterprises (SMEs). Among other things, SEK entered into a cooperation agreement with Sparbanken Finn and Sparbanken Gripen to facilitate these banks lending to SMEs. SEK is also growing its advisory services in this customer segment. - During an economic boom, the supply of financing is abundant and competition continuous to increase. SEK meets this primarily in two ways: through continued innovation and increased efficiency. SEK's strength comes, among other things, from our ability to continuously develop new capital markets products, where lending in local currencies is an important product for our export companies, says Peter Yngwe. Year-end report appended. For further information, please contact Peter Yngwe, President, +46 8 613 83 00, or Lars M Andersson, Information Director, +46 8 613 84 05 SEK's mission is to secure access to financial solutions for export and infrastructure. SEK offers a wide spectrum of financial solutions, ranging from standardized loans to innovative and complex financial products. SEK's operations are based on commercial interests. SEK's main source of financing is the issuing of bonds on the international capital markets. SEK's rating from Standard & Poor's and Moody's are AA+/Aa1 respectively for long-term debt. For more information, visit www.sek.se


 

MONTREAL, QC -- (MARKET WIRE) -- January 31, 2007 -- ADVANTECH AMT, Inc, today announced that its wholly owned subsidiary, ADVANTECH Satellite Networks Inc, has been awarded a contract to provide a new VSAT satellite communications network for Saudi Aramco in the Kingdom of Saudi Arabia. The DVB-RCS VSAT Satellite Communications System to be delivered includes redundant hubs with geographic diversity and provisions for hundreds of fixed, maritime and auto-tracking terminals that will be used to support Saudi Aramco operation and in particular, exploration of new oil reserves in the Saudi Arabian desert. The system also provides disaster recovery capabilities and backup communications services to remote areas. Saudi Aramco has been deploying VSAT systems since 2001 and has awarded a contract via competitive bidding process to ADVANTECH to provide an end-to-end turnkey data transmission system that is ideal for oil exploration. The system will enable timely use of information from rigs and field crews. ADVANTECH, in conjunction with Noviasat Ltd, a Saudi Company is responsible for the installation of the equipment as well as for the deployment and commissioning of the solution. Applications supported by the system include advanced VoIP, secure communications, and high rate data transfer. Commenting on this significant contract award, Donald Osborne, President of ADVANTECH Satellite Networks said, "we are thrilled to have been awarded this important contract by Saudi Aramco; our leading edge DVB-RCS open standard platform will allow SA to increase productivity specifically in the areas of the Saudi Arabian desert were communications is hard. He went on to say, "ADVANTECH's DVB-RCS system takes full advantage of the many benefits of using the new DVB-S2 standard. We have been at the forefront of DVB-S2 technology development and this latest contract award provides further proof that ADVANTECH Satellite Networks delivers world-class broadband satellite communications." About ADVANTECH ADVANTECH AMT INC is an industry leader in design, manufacture and marketing of equipment for satellite and wireless communications. Advantech AMT is comprised of four businesses: Advantech AMT (Satellite Equipment), Advantech Satellite Networks (SatNet), Allgon Microwave, and Advantech Advanced Manufacturing Services (AMS) The Company is headquartered in Montreal Canada, has approximately 550employees worldwide, and operates facilities in Europe, Canada and the United States. About Advantech Satellite Networks Advantech Satellite Networks (SatNet) is a wholly owned subsidiary of Advantech AMT Inc. SatNet is a leading provider of broadband satellite communications systems ground terminal and hub solutions using the international open standard DVB-RCS. Satnet's product and technology solutions enable two-way broadband access for a wide range of networking applications ranging from Internet access to more sophisticated virtual private networks, videoconferencing and voiceover-IP. Advantech Satellite Networks is also a provider of military compliant satellite communications systems for use in DoD owned teleports and for foreign military establishments worldwide. Contacts: ADVANTECH AMT INC Victoria Salvador Director, Marketing Communications 514-420-0045 514 420 0073 (FAX) Victoria.Salvador@AdvantechAMT.com www.ADVANTECHAMT.com SOURCE: Advantech AMT Inc


 

Stockholm (IFN) Swedish stock exchange operator OMX AB on Wednesday said that as a part of building the Nordic Exchange, the Copenhagen and Iceland exchanges have harmonised their decision-making process for canceling trades in the equity market with Stockholm and Helsinki exchanges.OMX said the harmonized rules are expected to take effect this spring.The company said the Nordic Exchange in Stockholm and Helsinki have successfully applied their present practice throughout several years, and now the markets in Copenhagen and Iceland will implement a similar practice.The new common practice means that all four Nordic OMX exchanges may decide to cancel trades in case of significant and indisputable errors resulting from incorrectly entered trading orders, it said.OMX said the new uniform practice reflects further harmonization of the exchanges.


 

Nordic Business Report-January 31, 2007-Skanska to purchase land from Trelleborg AB in Stockholm (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group Skanska said on Wednesday (31 January) that its subsidiary Skanska Residential Development Nordic has entered into an agreement with the Swedish industrial group Trelleborg AB for the purchase of land in Stockholm. The purchase price will amount to approximately SEK330m and is based on the assessed development level. A payment of SEK100m will be made upon takeover, and on acceptance of the detailed development plan a supplemental payment will be due, the amount of which will depend on the level of development. Skanska said that it is currently initiating the work to prepare a new detailed development plan for some 500 residential units and approximately 40,000 square metres of commercial premises. Skanska, headquartered in Solna, Sweden, is a leading international construction group 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 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Danish competition authority approves UK investor CVC Capital Partners acquisition of Danish consumer chemicals retail chain Matas (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Danish competition authority Konkurrenceradet announced on Wednesday (31 January) that it has approved United Kingdom based investor CVC Capital Partners DKK5.2bn acquisition of Danish consumer chemicals retail chain Matas. The acquisition was approved with some conditions imposed on the "new Matas". The conditions are mainly related to supply contracts. The Matas chain comprises over 290 independent stores and holds a 60% share of the Danish high-end cosmetics market. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Domstein ASA and partners merge pelagic operations to create worlds largest herring and mackerel producer (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian seafood group Domstein ASA said on Wednesday (31 January) that it has entered into a firm agreement to merge its pelagic operation Domstein Pelagic AS with Global Fish AS, Bergen Fiskeindustri AS and Koralfisk AS. The merger, which is based on a letter of intent signed in October 2006, will create Norway Pelagic AS, the worlds largest herring and mackerel producer with a turnover of some NOK2.3bn. Westcoast AS, which also participated in the letter of intent, withdrew earlier this month from the project, but talks are currently underway with possible new merger partners, Domstein said. At this stage Domsteins stake in the new company is expected to be around 49%, but the company said that its long-term goal is to hold an ownership interest of at least 34%. Norway Pelagic will be based in Maloy, Norways largest fishing harbour. Domstein, headquartered in Maloy, reported revenues of NOK1.73bn in 2005. The company is listed on the Oslo Stock Exchange and traded under the ticker DOM. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Lennart Wallenstam Byggnads AB sells residential property in Stockholm (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish property company Lennart Wallenstam Byggnads AB said on Wednesday (31 January) that it has agreed to sell a 2,400 square metre residential property in Stockholm, Sweden to a newly established tenant-owners association. The sales price is based on a property value of SEK72.5m. Wallenstam, headquartered in Gothenburg in Sweden, focuses on properties in the Gothenburg, Stockholm and Helsingborg areas, and currently has a portfolio of some 300 properties. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Peab builds flats in Stockholm (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction and civil engineering group Peab said on Wednesday (31 January) that it has received a turnkey contract to build 135 tenant-owner flats in Hammarby Sjostad in Stockholm, Sweden. The contract, awarded by Riksbyggen, is valued at SEK215m. Construction work has already started and the project is scheduled to be completed in July 2009. Peab, headquartered in Forslov in southern Sweden is a leading Nordic contractor with 12,000 employees in Sweden, Norway and Finland, and an annual turnover of approximately SEK28bn. Peab is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Wilson ASA awards new building contract for 8 bulk vessels to Yichang Shipyard (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian shipping company Wilson ASA announced on Wednesday (31 January) that it has awarded a contract for eight new bulk vessels to Chinese shipbuilder Yichang Shipyard. The new vessels, part of Wilsons renewal programme for the 6,000 dwt segment, will be delivered beginning at the end of 2009. The total investment, based on todays exchange rates, amounts to approximately NOK630m. Wilson, headquartered in Dreggen, Norway is a European short sea company with a fleet of 101 vessels. Wilson is listed on the Oslo Stock Exchange and traded under the ticker WILS. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are expected to open lower Wednesday ahead of a string of economic data and corporate results that could give equities some momentum. The Federal Open Market Committee is due to announce its interest rate decision around 1915 GMT. Altria, Eli Lilly, Boeing, Kraft, Google and Starbucks are among companies set to release financial results. Data for release include fourth-quarter revised gross domestic product, the fourth-quarter employment cost index, Chicago PMI, December construction spending, crude oil stocks and the ADP/Macroeconomic Advisors Employment Estimate. "There seems little chance the Fed will do anything else but leave its official rates where they are," says David Buik at spreadbettor Cantor Index. Revised GDP figures "should be encouraging," he adds. Cantor Index is calling the Dow Jones Industrial Average to open down seven points at 12,553, the Nasdaq 100 down 2.75 points at 1786.50 and the S&P 500 down 1.2 point at 1432.80. EUROPEAN MARKETS: European shares are a touch lower ahead of the U.S. rate decision. In London, the FTSE 100 is down 0.4% at 6218.80 as technology stock losses outweigh gains by Corus Group and Vodafone. In Frankfurt, the DAX is down 0.3% at 6768.06, with chipmaker Infineon Technologies leading the falls. In Paris, the CAC is down 0.6% at 5612.57. Bunds are holding earlier gains and trading in a narrow range. The March bund future is up 0.12 at 114.94, while the March gilt is up 0.02 at 106.22. In the currency market, unwinding of carry trades is helping to push the dollar lower against the yen as the market waits for the results of the latest FOMC meeting and a batch of new U.S. economic data. The dollar is down at Y121.52, the euro is down at $1.2937 and the pound is down at $1.9539. =========================== TOP STORIES: CORUS BOARD UNANIMOUSLY RECOMMENDS GBP6.2TB TATA OFFER: Corus Group PLC (CGA) Chairman James Leng said Corus board has unanimously recommended a GBP6.2 billion offer from Tata Steel Ltd. (500470.BY). (By Henry Teitelbaum) BBVA 2006 NET JUMPS 24% ON LOANS, MEXICO: Spains Banco Bilbao Vizcaya Argentaria SA (BBV) said net profit rose 24% last year, bolstered by continued growth at its Mexico-U.S. business and healthy loan growth. (By Christopher Bjork) VIVENDI 4Q REVENUE UP 1.2%, SALES DOWN: French media and telecommunication giant Vivendi (12777.FR) reported a modest 1.2% rise in fourth-quarter revenue but said sales fell at its mobile unit SFR and music division Universal Music. (By Olivier Hensgen) ALLIANZ ESTIMATES EUR350M IN CYRIL-RELATED CLAIMS: Allianz SE (AZ), Europes largest insurer by gross premiums, said it estimates net claims at about EUR350 million before taxes related to the recent storm Cyril. (By Ulrike Dauer) ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: Wednesday could prove to be a turning point for the Swiss franc. (By Nicholas Hastings) =CHARTING EUROPE: European equity indexes are close to making new 2007 highs this week, but may fail just before the current highs, or fall back just after having achieved new highs in early February as the recent advance is probably corrective. (By Axel Rudolph) =========================== STILL TO COME ET/GMT COUNTRY/PERIOD 0700/1200 US Jan 26 MBA Refinancing Index 0815/1315 US Jan ADP/Macroeconomic Advisors Employment Estimate 0830/1330 US 4Q GDP, advance 0830/1330 US 4Q Employment Cost Index 0900/1400 US Tsy refunding announcement 1000/1500 US Jan Chicago PMI 1000/1500 US Dec Construction Spending 1030/1530 US Jan 26 US Energy Dept Crude Oil Stocks 1030/1530 US Jan 26 US Energy Dept Distillate Stocks 1030/1530 US Jan 26 US Energy Dept Gasoline Stocks 1100/1600 US Pres Bush speaks on the economy in New York N/A US Two-day FOMC meeting continues; interest rate decision expected about 2:15 p.m. EST N/A JPN Dec Provisional Labor Survey =========================== OTHER NEWS: Consumers in the 13 countries that share the euro became less confident during January as optimism about the general economic outlook waned and their reluctance to make major purchases deepened. (Data Snap by Paul Hannon) The euro-zone unemployment rate declined to a new series low in December, with the jobless rate almost a full percentage point lower than a year earlier, data from the European Union statistics Eurostat agency showed. (Data Snap by Ilona Billington) Consumer price inflation in the euro zone was stable in January and still in line with the European Central Banks target of price stability, data from the European Unions statistics office showed. (Data Snap by Nina Koeppen) The headline measure of U.K. consumer confidence picked up slightly in January, despite a third rise in interest rates that led consumers to report that they were less optimistic about the economic outlook and their own financial prospects. (By Paul Hannon) Mobile phone operator Vodafone Group PLC (VOD) said it added 8.7 million users in the third quarter, helped by growth in emerging markets. (By Daniel Thomas) Standard Life Investments said it had sold its entire 7.5% stake in Corus Group PLC (CGA) at 608 pence a share, just hours after Tata Steel Ltd. (500470.BY) of India won an auction to take over the Anglo-Dutch steelmaker at the same per-share price. (By Mark Najarian) German unemployment fell more sharply than expected in January owing to unusually mild winter weather and a broadening economic upswing, the countrys labor office said. (By Roman Kessler) Oil and gas company Tullow Oil PLC (TLW.LN) said its working interest production rose 11% in 2006. (By Kaveri Niththyananthan) British Sky Broadcasting Group PLC (BSY) reported second-quarter subscriber additions that were a little below expectations but said it has now connected 259,000 customers to its new broadband service. (By Jessica Hodgson) Shares in F&C Asset Management (FCAM.LN), which is 52%-owned by U.K. insurance group Friends Provident (FP.LN), opened 22% lower Wednesday after the company said its dividend level "will need to be rebased." (By Victoria Howley) Pharmaceutical firm Novo Nordisk A/S (NVO) reported a 44% rise in fourth-quarter net profit and said it has increased its market share in the U.S. insulin market. (By Malin Rising) Swiss biotechnology company Basilea Pharmaceutica AG (BSLN.EB) said its net loss widened in 2006 due to development costs for two late-stage drugs. (By Dermot Doherty)


 

Nordic Business Report-January 31, 2007-Finnish technology group Teleste Corporation wins additional order in Korea (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish technology group Teleste Corporation said on Wednesday (31 January) that Cableway Communications in Korea has placed an additional order for more EttH equipment to serve the ongoing project at Hanaro Telecom. The value of the order is EUR1.3m. The products are scheduled for delivery during this quarter, the company said. Teleste, headquartered in Turku, Finland, is an international technology group which specialises in broadband data communication systems and solutions. Teleste has some 30 offices worldwide and 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-January 31, 2007-Swedish spirits and wines group V&S; Vin & Sprit AB reports operating profit of SEK10.35bn for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish state-owned spirits and wines producer and distributor V&S Vin & Sprit AB (V&S) reported on Wednesday (31 January) an operating profit of SEK2.28bn on net sales of SEK10.35bn for the financial year 2006. Both operating profit and net sales for the 12-month period increased, respectively from SEK2.07bn and SEK9.58bn, as compared to 2005. The sales volume increased by 3% to 25.7 million 9-litre cases. V&S Group is a leading producer and distributor of spirits and wines in Northern Europe, and one of the worlds ten largest international spirits companies. Its products include Absolut Vodka. V&S has 2,500 employees in 10 countries and reported sales of SEK10.3bn in 2006. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

PERLOS CORPORATION STOCK EXCHANGE ANNOUNCEMENT JANUARY 31, 2007 AT 1.15 P.M. Perlos will publish the financial results 2006 on Tuesday, February 6, 2007 at 8.00 A.M. Finnish time. The result release will be available on Perlos' web site (www.perlos.com) immediately after the announcing. Perlos will arrange a news conference for analysts and media on Tuesday, February 6, 2007 at 9.30 A.M. in restaurant G. W. Sundmans (Eteläranta 16, Helsinki). In addition to the news conference for analysts and media Perlos will arrange a conference call and web presentation on February 6, 2007 at 3.30 P.M. Finnish time. CONFERENCE CALL AND WEB PRESENTATION A conference call and web presentation for analysts and investors will be held on: Tuesday, February 6, 2007 - 8:30 A.M. US Eastern time - 1:30 P.M. UK time - 3:30 P.M. Finnish time The results will be presented by Mr. Matti Virtanen, CEO. To participate the conference call please dial +44 (0)20 7162 0125, using the code "Perlos", a few minutes before the beginning of the conference. The conference call and web presentation can be followed at Perlos' web site, www.perlos.com. The conference will be recorded and it will be available for listening for 90 days at Perlos' web site, www.perlos.com. PERLOS CORPORATION Jari Laaninen Vice President, Treasury and Investor Relations PERLOS IN BRIEF Perlos Corporation is a global design and manufacturing partner for the telecommunications and electronics industry. The service offering covers the whole product life cycle from industrial design to manufacturing, logistics and new product versions. The production facilities are located in Asia, Europe and the Americas and the company is headquartered in Finland. According to preliminary data, Perlos Corporation's net sales amounted to approximately EUR 674 million in 2006. The company employs roughly 13,000 people worldwide. Perlos share (POS1V) is traded on the Helsinki Stock Exchange. DISTRIBUTION Helsinki Stock Exchange Central media www.perlos.com


 

"GREEN DEALERSHIPS" SET TO BRING LITHIUM VEHICLES TO THE WORLD Hybrid Technologies, World Leader in Advanced Lithium Powered Vehicles Initiates Global Market Strategy with the introduction of its Dealer/Distributor Licensee Program LOS ANGELES, CALIFORNIA and NEW YORK, NEW YORK -- (MARKET WIRE) -- January 31, 2007 -- Hybrid Technologies, Inc. (OTCBB: HYBT) (www.hybridtechnologies.com), emerging leaders in the development and marketing of lithium powered products worldwide, is pleased to announce its expansion in obtaining 75 licensed distributors and dealerships throughout the United States and worldwide. Under the enhanced market plan, each distributor will be able to establish one full service center and 25 dealers within its exclusive territory to offer Hybrid Technologies' exciting line of two-wheel, four-wheel as well as lawn and garden lithium powered vehicles and wheelchairs, in addition to its stand alone all-lithium battery powered propulsion system. For extended press release click here: www.hybridtechnologies.com/media.php?mediaID=070131 To obtain more information and a dealer / distributor package please email: distributor@hybridtechnologies.com or click here: www.hybridtechnologies.com/distributor.php "Hybrid Technologies' goal, from the inception of this program, has been to bring lithium powered vehicles of all types to the general public," stated Frank Ziegler, Director of Sales and Distribution. Hybrid Technologies will be announcing this program and sneak previews via email and its website as well as via emailed private invitations to those waiting to acquire a License Agreement and/or purchase our products. The official program will take place at Hybrid's booth (D2 - level four) in the Jacob Javits Convention Center on April 6th - 15th at the New York International Auto Show at a scheduled press conference. About the 2007 New York International Auto Show: www.autoshowny.com About Hybrid Technologies: www.hybridtechnologies.com Forward-Looking Statement This press release may include 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 the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Contacts: Media Contact: Hybrid Technologies, Inc. 1-888-HYBTECH (1-888-492-8324) Email: pr@hybridtechnologies.com Investor Relations: Hybrid Technologies, Inc. 1-888-669-1808 (702) 926-9508 (FAX) Email: info@hybridtechnologies.com Website: www.hybridtechnologies.com SOURCE: Hybrid Technologies, Inc.


 


 

Dear Sirs, Enclosed please find today's Press Release of HUGO BOSS concerning the preliminary results of the financial year 2006. If you have any questions, please contact Philipp Wolff Director of Communication Phone: +49 (0) 7123 94-2375 Fax: +49 (0) 7123 94-2051


 

REYKJAVIK, 31 January 2007. Bakkavör Group (ICEX: BAKK) reports operating profit of £113.9 million in 2006 and £30.7 million in Q4. Sales totalled £1.2 billion in 2006 and £329.2 million in Q4. EBITDA increased by 72% in 2006, amounting to £147.8 million. In the quarter, EBITDA amounted to £39.3 million, increasing by 38%. Shareholders' earnings totalled £67.6 million in 2006 and £32.8 million in Q4. Cash generated from operations amounted to £165.1 million and free cash generated by operating activities was £93.6 million. Earnings per share were 3.4 pence, a 74% increase, and return on equity was 37% compared with 30% in 2005. Business Highlights 2006 * Four UK acquisitions strengthened the Group's position in key product categories * Operations in Continental Europe turned into profitable position * Successful entry into the Chinese market with an acquisition in co-operation with Glitnir Bank * Shareholders' earnings £67.6 million in 2006, up 111%, and £32.8 million in Q4, up 191% * Operating profit (EBIT) £113.9 million in 2006, up 71%, and £30.7 in Q4, up 47% * Growth in like-for-like sales in underlying business 10% in 2006 * EBITDA £147.8 million in 2006, up 72%, and £39.3 million in Q4, up 38% * EBITDA ratio 12.1% in 2006 and 11.9% in Q4 * EBITDA ratio, net of agency sales change 12.6% in 2006 and 12.7% in Q4 * Pro-forma EBITDA in 2006, up 20% * Cash generated from operations £165.1 million, up 59% * Free cash generated by operating activities £93.6 million, up 43% * Equity £241.4 million compared with £127.4 million at year end 2005, up 90% * Equity ratio 18.2%, up from 12.4% at year end 2005 * Earnings per share 3.4 pence, up 74% * Return on equity 37% compared with 30% in 2005 * Board of Directors will propose the payment of dividends at the Group's AGM in March which corresponds to ISK 0.5 per share or 50% of issued share capital Ágúst Gudmundsson, Chief Executive Officer, said: "We are pleased to report a strong performance in 2006. We strengthened our position in key product categories in the UK with four acquisitions and turned our Continental European operations back into a profitable position. We also took our first steps in Asia by acquiring a stake in a Chinese salad company. Improved efficiencies and profitability were achieved as we remained focused on further integration of our businesses, extracting synergies and taking advantage of economies of scale. The outlook for 2007 is good - we intend to continue to lead the consolidation in the UK market as well as take advantage of favourable market developments in Continental Europe. Furthermore, we will explore a wealth of opportunities that we have identified in the fast growing food markets across Asia. To subscribe to Bakkavör Group's mailing list, please log onto: www.bakkavor.com/subscribe The full press release including tables as well as the Consolidated Annual Statement 2006 can be downloaded from the following links:


 

Nordic Business Report-January 31, 2007-Swedish consulting group Rejler Group acquires Finnish technology consulting firm Konepro Oy (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish technical consulting group Rejler Group said on Wednesday (31 January) that its Finnish subsidiary Rejlers Oy has agreed to acquire technology consulting firm Konepro Oy. Konepro, based in Kotka in Finland, specialises in pipe and process technology and provides consulting services for industrial processes. The companys customers include Andritz and Neste Jacobs. Konepro has six employees and an annual turnover of SEK5m. The acquisition will strengthen Rejler Group in southeastern Finland and will provide improved possibilities for growth. The purchase price was not disclosed. Rejler Group, headquartered in Sweden, provides services within electrical engineering, energy, automation, IT, telecommunications and mechanical engineering. The group has 665 employees in Sweden, Finland and Estonia. Rejler Group was listed on the Nordic Exchange in Stockholm in December 2006. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Swedish consulting group SWECO wins major water and sewage contract in Lithuania (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish technical consulting group SWECO said on Wednesday (31 January) that its Lithuanian subsidiary SWECO BKG has secured a major water supply and sewage systems modernisations contract. The contract, valued at approximately EUR3.2m, covers the upgrading and modernisation of the water supply and sewage systems of 13 cities throughout Lithuania. In connection with the assignment SWECO will open an office in Siauliai. The office is SWECOs third in Lithuania. "In a short span of time we have become the leading provider of consulting engineering services in the Baltic region, and this latest contract in Lithuania demonstrates the wisdom of our focus on these growth markets. In Lithuania we currently have an order backlog of around three and a half years, which is very good," commented Per Johansson, managing director of SWECO Eastern Europe. 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. 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-January 31, 2007-Swedish infomedia group Elanders AB strengthens in Germany, acquires Sommer Corporate Media GmbH & Co KG (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish infomedia group Elanders AB said on Wednesday (31 January) that it has agreed to acquire privately-owned German information solutions provider Sommer Corporate Media GmbH & Co KG. The purchase consideration comprises a fixed payment of EUR27.3m and additional payments of up to EUR4m. Sommer Corporate Media is based in Waiblingen near Stuttgart. Its customers include Daimler-Chrysler, Porsche, Audi, Lufthansa, Postbank, Bosch and Hugo Boss. The company reported a turnover of approximately EUR32m for 2006. Elanders plans to finance the acquisition through a SEK150m new share issue with preferential rights for existing shareholders. The share issue will be fully guaranteed by the main shareholders Carl Bennet AB and Investment AB Latour. Elanders, headquartered in Molnlycke in Sweden, is a leading global supplier of product and user information to industrial and service companies. The group has some 1,500 employees and a turnover of approximately SEK2bn. Elanders is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.49 euros (EUR). One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Fréttaskýringaþátturinn Kompás sem sýndur er á Stöð 2, er nú aðgengilegur fyrir iTunes á Podcast.is, segir í tilkynningu. Þættirnir eru í fullum gæðum og hægt er að horfa á þá beint í tölvunni með iTunes 7 eða flytja yfir á iPod og horfa á hann hvar sem er, hvenær sem er. Þátturinn og ítarefni tengt honum eru á vefsíðunni visir.is/kompas. Þar er einnig hlekkur fyrir þá sem vilja nálgast þáttinn með podcast tækninni frá Podcast.is. ?Kompási er ekki fulldreift fyrr en hann er kominn sem podcast. Fréttafíklarnir sem eru áskrifendur af allrahanda erlendum fréttatengdum ?podköstum? veit ég að fagna þessu framfararskrefi,? sagði Ingi R. Ingason, framleiðandi Kompás, í tilkynnigunni. Podcast er hugtak sem er notað yfir birtingu efnis yfir Netið á stöðluðu sniði. Orðið er upphaflega samsett úr iPod og broadcast.  Tæknin er m.a. hugsuð til að gera menn óháða því að þurfa að hlusta á tiltekinn útvarps- eða sjónvarpsþátt á ákveðnum stað og tíma. Mörg forrit geta nýtt sér þessa framsetningu til spilunar eða birtingu efnis en frægast þessara forrita er iTunes frá Apple. Í iTunes er hægt að tengjast podcast skrá og nýta sér hana til áskriftar að tilteknu efni. Þannig er þá hægt að sækja hvaða hluta efnisins sem þörf er á hverju sinni eða fá ávallt nýjasta efnið sótt sjálfkrafa og ókeypis.


 

KESKO FOOD LTD PRESS RELEASE 31.01.2007 AT 11.30 1(1) The Pirkka Luomu organic carrot puree was chosen as the Organic Product of 2007 at the event organised in Mikkeli. The selection was made by an expert jury assembled by Luomuliitto, an association promoting organic farming. According to the jury, the Pirkka organic carrot puree tastes like home made. The product is fresh, the colour nice and the texture good. It is suitable for consumers of all ages and dietary needs. The jury also said that the package of 500 grams is a convenient size for most households. Pirkka organic carrot puree became the first private label to win the Organic Product of the Year competition. The recognition is based on advanced cooperation between Finnish product development companies and a trading group. The parties to the seamless cooperation process were organic growers, the manufacturer Lieksan Laatuherkut Oy, the supplier Tuoreverkko Oy, Kesko Food Ltd (purchasing, product research, K-test kitchen and marketing), and K-food stores. The Pirkka organic carrot puree is the first organic processed vegetable product whose distribution and sales network guarantees availability throughout Finland. The goal of the product development work was to create a tasty and high-quality organic processed food that helps a time-pressed modern consumer prepare healthy food fast and with little effort. The product is cooked and safe to use even as such. Organic carrot puree is inherently light, rich in vitamins and can be eaten by most people. Thanks to its texture, the product is also suitable for people on special diets, such as those with celiac disease, weight-watchers, and those with chewing and swallowing problems. The product is made of domestic organic carrots, which can this way be utilised as efficiently as possible: carrots of equal size are packed whole in the bags of Pirkka organic carrots and the remaining high-quality carrots that do not fulfil the requirements of equal size are then used to make the puree. The package protects the product ensuring hygiene and long shelf-life. Additionally, the special printing system has contributed to the decrease in the amount of plastic packaging material. The focuses in organic farming include protecting the natural fertility of soil, the rotation of crops and biological fertilisation. Plant protection is ensured without synthetic pesticides, by applying different methods of mechanical and biological control. In terms of the environment, organic farming contributes to sustainable development and helps maintain the diversity of the countryside. The selection of the Pirkka organic carrot puree as the Organic Product of the Year continues the successful journey of the Pirkka product range. In 2005, the 20-year-old Pirkka was included in the "Superbrands Finland" book that presents the strongest Finnish brands. In the same year, the Pirkka snack carrots became the first private label product chosen as the Finnish Food Product of the Year. Further information: Sirpa Vauhkonen, Purchasing Manager, Kesko Food Ltd, tel. +358 1053 28709 Heini Haverinen, Research Chemist, Kesko Food Ltd, tel. +358 105322854 Photo of Pirkka Luomu organic carrot puree at: www.kesko.fi/material > Image archive.


 

Securitas AB will publish its January-December 2006 report on Friday, February 9 at 8.00 a.m. (CET). The press release will be available at the company's website www.securitas.com immediately after publishing. Agenda (AM, CET) 8.00 Report release The report will be sent as a press release from Hugin (www.huginonline.com) and will automatically be published on www.securitas.com when released. 9.00 Presentation slides Presentation slides will be available at www.securitas.com. 9.30 Information meeting Securitas Senior Management to present the report and answer questions. Venue: Securitas Building, Lindhagensplan 70, SE-102 28 Stockholm, Sweden. To follow the information meeting via telephone (and participate in Q&A session), please register via the link https://eventreg2.conferencing.com/inv/ reg.html?Acc=4841130700&Conf=174498 and follow instructions or call +44 (0)20 7162 0125. To follow the live web cast of the information meeting, please visit www.securitas.com. Recorded versions A recorded version of the web cast will be available on Securitas' website after the information meeting and a telephone-recorded version of the information meeting will be available until March 12 on: +44 (0)20 7031 4064 and +46 (0)8 505 203 33, access code: 736818. Subscribe to press releases To receive future reports and press releases from Securitas, please visit www.securitas.com and subscribe under "Subscribe and order". For further information, please contact: Henrik Brehmer, Senior Vice President, Investor Relations Phone: +44 (0) 20 8432 6523. Mobile: +44 (0) 7884 117 192.


 

Nordic Business Report-January 31, 2007-Fortum Corporation reports operating profit of EUR1.5bn for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish energy group Fortum Corporation reported on Wednesday (31 January) an operating profit of EUR1.5bn on sales of EUR4.5bn for the financial year 2006. Both operating profit and sales for the 12-month period increased, respectively from EUR1.3bn and EUR3.9bn, as compared to 2005. Operating profit for the fourth quarter of 2006 amounted to EUR455m on sales of EUR1.3bn. Earnings per share (EPS) for the full year 2006 increased by 21% to EUR1.22 from EUR1.101 in 2005. The companys board of directors will propose a dividend of EUR1.26 per share for 2006. Fortum, based in Espoo in Finland, is a leading Nordic energy utility with some 9,000 employees and annual sales of EUR4.5bn. Fortum 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-January 31, 2007-OMX AB signs agreement with HCL Technologies Ltd (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Nordic stock exchange operator OMX AB said on Wednesday (31 January) that it has signed an agreement with HCL Technologies Ltd, the Indian-based global IT services provider, regarding an extended partnership. HCL will take on responsibility for support, maintenance and development of systems for securities management targeting banks and brokers. OMX said its partnership with HCL means that the company will no longer have any discontinued operations in the Nordic region. Part of the discontinued operations will be moved to the business area Information Services & New Markets, and will be included in the unit Broker Services. The business being moved to Information Services & New Markets had sales of SEK160m and costs of SEK195m in 2006. 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 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Poyry wins engineering services contract in Sweden (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish consulting and engineering group Poyry Plc said on Wednesday (31 January) that its Forest Industry business group has been appointed to provide engineering services for the Swedish packaging paper company Billerud ABs two paper machine rebuild projects in Sweden. Poyrys assignments include project management and complete engineering services for the rebuilds of PM2 at Gruvon and PM7 at Skarblacka. The rebuilds are designed to improve the machines performance and product quality. The value of the contracts was not disclosed. The rebuilt paper machines are scheduled to be started up in summer 2008. 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-January 31, 2007-Telenor ASA selected as main supplier of ICT infrastructure for Norwegian hospital project (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian telecomms group Telenor ASA said on Wednesday (31 January) that the Hospital Development Project for Central Norway has chosen Telenor as its main supplier of ICT infrastructure for phase two of the construction of the new university hospital in Trondheim, Norway. The contract covers the supply of network electronics, cables, wireless networks, patient communicators, telephony solutions, patient terminals and portable computer and telephony units. Telenor will have overall responsibility for design, planning, delivery, implementation and training. The delivery will be completed in December 2009. The agreement between Telenor and the Hospital Development Project for Central Norway is an extension of a contract from 2004 concerning a similar delivery during phase one. The contract is worth approximately NOK360m. Telenor is one of the worlds largest mobile operators with nearly 83m subscribers in 12 countries. The group is also the largest provider of television services in the Nordic region. Telenor has some 27,600 employees and annual revenues of nearly NOK70bn. Telenor is listed on Oslo Stock Exchange under the ticker TEL and on Nasdaq under the ticker TELN. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

DJIA 12523.31 +32.53 +0.26% Nasdaq 2448.64 +7.55 +0.31% S&P 500 1428.82 +8.20 +0.58% FTSE 100 6242.00 +2.10 +0.03% Xetra DAX 6788.23 +62.22 +0.93% CAC40 5645.59 +25.89 +0.46% Above are closing prices Nikkei 225 17324.80 -165.30 -1.0% Hang Seng 20430.55 -29.91 -0.15% S&P/ASX 200 5757.70 -33.80 -0.6% Taiwan Index 7699.64 -40.29 -0.5% S.Korea Kospi 1359.53 -11.19 -0.8% Dow Future 12557.0 -3.00 0.00% NASDAQ Future 1788.00 -1,25 -0.1% S&P Future 1433.25 -0.75 -0.1% Above are as of 0550 GMT USD/JPY 121.48-51 -0.12% Range 121.74 - 121.50 EUR/USD 1.2964-68 -0.02% Range 1.2974 - 1.2951 AUD/USD 0.7718-21 -0.01% Range 0.7725 - 0.7714 GBP/USD 1.9621-25 -0.02% Range 1.9636 - 1.9612 USD/CHF 1.2524-27 +0.07% Range 1.6236 - 1.6220 USD/JPY 1M Vol Option Contract 7.30%/7.70% EUR/USD 1M Vol Option Contract 5.82%/6.08% AUD/USD 1M Vol Option Contract 7.10%/7.15% GBP/USD 1M Vol Option Contract 6.55%/6.85% USD/CHF 1M Vol Option Contract 6.40%/6.65% Above are as of 0550 GMT vs NY close 2Y Tsy 99 26/32 +1/32 4.97% -1.7 BP 5Y Tsy 99 16/32 +2/32 4.86% -1.8 BP 10Y Tsy 98 2/32 +4/32 4.88% -1.7 BP 10Y JGB 1.7050 unchanged Closing Treasury prices vs prior NY close Asian Spot Gold $645.80 +$0.90 +0.1% Comex Gold $646.40 +2.20 +0.3% Brent Crude Oil $56.09 -$0.30 -0.5% Above are as of 0530 GMT vs NY close EUROPEAN OUTLOOK & US/ASIAN SUMMARIES European shares are unlikely to make much headway at the open despite a higher close on Wall Street. Prices of government bonds are trying to tap technical advantages to extend gains ahead of the U.S. Federal Reserves rate announcement and gold is treading water until then. Oil is giving back some of its 5% gain from Tuesday. STOCKS: Investors in Europe are likely to sit tight, yet again, ahead of the Fed rate decision, with markets opening flat. U.K. spreadbettor Cantor Index is calling the FTSE up 2 points at 6244, the DAX down 4 at 6784 and the CAC down 1 at 5644. Shares of Corus Group remain in focus, with Indias Tata Steel Wednesday delivering a knockout bid of 608 pence a share, valuing the Anglo-Dutch steelmaker at GBP6.2 billion. Wall Street stocks finished moderately higher Tuesday in an uneven session as optimism about the economy helped investors overcome some of their uneasiness about the Feds impending decision on interest rates. "If the Fed feels the economy is strong enough on its own, it means corporate earnings this year will probably be better than people were expecting," said Alfred E. Goldman, chief market strategist at A.G. Edwards & Sons Inc. The Conference Board, a business research group, said consumer confidence rose modestly in January as the job market remained strong. That report followed regional Fed reports on Monday showing manufacturing growth in the Midwest and Texas. 3M, considered a barometer of U.S. business health because of the products it sells, missed Wall Street expectations and its shares fell 5.4%. "Fourth-quarter earnings are running 10.5 percent ahead of last year. Its a good increase, but weve been spoiled," Goldman said, noting that investors grew accustomed to higher double-digit earnings last year. Japanese stocks were lower Wednesday morning on profit-taking as investors anxiously awaited quarterly earnings results. Sony fell on concerns over the sluggishness reported in earnings results Tuesday in the electronics makers new games console business, traders said. FOREX: The euro starts the European trading session lower against the dollar and yen, after a mixed showing against the two currencies on Tuesday. The euro has support at $1.2946 and at Y157.40. The euros most notable move came when it retreated against the yen as European officials delivered more criticisms of what they see as an unfairly weak Japanese currency that is hurting European exporters. German Finance Minister Peer Steinbrueck said Tuesday that European leaders are becoming increasingly worried about the weakness of the yen. He said currency issues will be discussed at a February G7 meeting, chaired by Germany. Joseph Trevisani, chief market analyst at FX Solutions, said the release of fourth quarter U.S. economic growth data Wednesday could give the dollar a rather substantial boost if it shows an expected re-accelaration. The median estimate of 22 economists surveyed Monday by Dow Jones Newswires is for a pick up to a 3.0% annual rate for GDP growth from 2.0% in the prior quarter, while the chain-weighted price index is expected to have slowed to a 1.5% annual rate from 1.8% in the third quarter. BONDS: European government bonds prices are set to test still higher at the open, after gaining on Tuesday. Bunds gained from below-forecast German State inflation numbers, while gilts and short sterling rallied on the back of signs of cooling in the U.K. housing market. Attention now turns to Wednesdays release of Januarys flash estimate of euro-zone inflation at 1000 GMT, as bond investors seek further guidance on the likelihood of another rate hike by the European Central Bank. The Feds rate decision and statement will dominate bond trading when the U.S. opens Wednesday. Central bankers are universally seen maintaining their overnight target rate fixed at 5.25%, a rate thats been in place since last June. The FOMC policy statement heralding this decision is widely expected to be upbeat about growth. The Fed is also likely to restate its ongoing concern that price pressures, while easing, remain the primary threat to growth. Societe Generale strategists, however, fear things will fail to go the Treasury markets way. "We maintain a near bearish bias for bonds under the deluge of likely strong data," they told clients. Japans government bonds Wednesday were bound to ranges Wednesday, ahead of an auction that will test the markets appetite for more 10-year supply. ENERGY: Oil prices fell Wednesday as traders adjusted positions after large gains the day before and awaited the weekly U.S. inventories report, which was expected to show an increase of gasoline stockpiles but a fall in distillates such as heating oil. Nymex March crude fell 42 cents to $56.55 in Asia. Oil and natural gas prices jumped Tuesday on expectations of more cold weather in the United States and renewed concerns about OPEC production cuts. Oil traded as high as $57.05 before falling back to settle at $56.97 a barrel, for a gain of $2.96, or 5%. METALS: Spot gold is marking time before the FOMC statement later Wednesday, with market talk suggesting some Fed members might take a more hawkish stance on inflation, says James Steel at HSBC. That would spell negative implications for gold, though more emphasis on a hawkish inflation outlook could also be already priced in. Spot gold last traded at $645.80/oz, up $0.90 on the New York close. LME copper only got a small bounce on news that BHP Billitons Cerro Colorado mine workers have voted in favor of strike. The labor strife was expected at the mine, which produced just over 90,000 tons last year. LME 3-month copper was last at $5,690/ton, up $51 on Tuesdays PM kerb. (MORE TO FOLLOW) Dow Jones Newswires January 31, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 31 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Stocks Flat;Fed Outlook Key-2 CALENDAR: Wednesday, January 31, 2007 GMT Expected Previous 0700 GER Dec Labor Market Statistics 0700 GER Dec Retail Trade +1.4%MM -0.7%MM 0745 FRA Jan Consumer Confidence Survey -25 -26 0745 FRA Dec Unemployment 8.7% 8.7% -20K -26K 0750 FRA Dec PPI +0.1%MM -0.1%MM +2.8%YY +2.6%YY 0855 GER Jan Unemployment Change -40K -108K 0855 GER Jan Unemployment Rate 9.7% 9.8% 0900 ITA Dec PPI +0.1%MM +0.1%MM +5.1%YY +5.3%YY 0930 UK Nov Scottish Farm Incomes, final estimate 1000 EU Jan Business & Consumer Surveys +5 MM +6 MM -7 YY -6 YY 1000 EU Jan Business climate indicator for the euro 109.7 110.1 area 1000 EU Dec Unemployment 7.6% 7.6% 1000 EU Jan Euro-zone Inflation, flash estimate +2.1%YY +1.9%YY 1015 EU ECB allocates bids on long-term refi ops 1030 UK Jan Consumer Confidence Survey -9 -8 1200 US Jan 26 MBA Refinancing Index -9.6% 1315 US Jan ADP/Macroeconomic Advisors Employment +167K Estimate 1330 US 4Q GDP, advance +3.0% +2.0% 1330 US 4Q Employment Cost Index +1.0% +1.0% 1400 US Tsy refunding announcement 1500 US Tsy Secy Paulson testifies before U.S. Senate Banking panel on intl economic and exchange rate policy in Washington 1500 US Tsy Asst Secy Ryan, Dep Asst Secy Abbott hold Treasury refunding press conference 1500 US Jan Chicago PMI 52.0 51.6 1500 US Dec Construction Spending unch -0.2% 1530 US Jan 26 US Energy Dept Crude Oil Stocks (in +1.2M +700,000 barrels) 1530 US Jan 26 US Energy Dept Distillate Stocks (in -2.1M +4M barrels) 1530 US Jan 26 US Energy Dept Gasoline Stocks (in +1.6M +700,000 barrels) 1600 US Pres Bush speaks on the economy in New York N/A US Two-day FOMC meeting continues; interest rate decision expected about 2:15 p.m. EST N/A UK 2H CML Arrears & Possessions Figures N/A JPN Dec Provisional Labor Survey N/A UK Quarterly review of the UK economy -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com (MORE TO FOLLOW) Dow Jones Newswires January 31, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 31 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Areva (427583.FR): FY Revenue Average revenue (DJ, 3 analysts): EUR10.9B (EUR10.125B) Note: The nuclear business is expected to report 4.3% growth to EUR7.2B from EUR6.9B, fueled by the front end unit. Analysts are expecting more details on the troubled building of the EPR in Finland and an update on prospects in China. Basilea (BSLN.EB): FY Earnings Average net loss (DJ, 3 analysts): CHF83.9M (CHF49.6M) Note: Net loss for 2006 is widening from a year earlier, due to higher development costs, according to the estimates from three analysts. R&D spending is expected to have risen to CHF81.2M from CHF72.4M. Phase III testing of alitretinoin and isavuconazole seen accounting for much of the 2006 spending. Results due around 0615 GMT. BBVA (BBV): 4Q & FY Earnings Average 4Q net profit (DJ, 10 analysts): EUR200.3M (EUR1.08B) Average 4Q net interest income: EUR2.25B (EUR2.0B) Average FY net profit: EUR4.63B (EUR3.81B) Average FY net interest income: EUR8.32B (EUR7.21B) Note: 4Q net profit -81% from a year earlier, hurt by early retirement and tax charges. Fundamental strength is set to continue, with 4Q net interest income seen +13%. FY 06 net profit seen +22%, with NII expected +15%. Spanish retail business seen gaining momentum, while Mexico will continue its strong trend, analysts say. Provisions also seen rising significantly. Report due premarket. British Sky Broadcasting Group (BSY): 1H Earnings Average EBIT (Co, 6 analysts): GBP327M (GBP414M) Average pretax profit: GBP287M (GBP390M) Average revenue: GBP2.222B (GBP2.136B) Note: Sharply reduced profits are expected, due to the start-up costs involved in launching Sky Broadband in 2006. 2Q net subscriber additions seen at an average of 191,000, -12% from 215,000 in 2Q 06. Net new broadband customers seen between 120,000 and 180,000 at the 2Q point, according to the average of 3 analysts estimates gathered by Dow Jones . Analysts will be looking for guidance on sales of the new broadband product and will be asking for signs of its impact on customer churn. Bulgari (BUL.MI): 4Q & FY Revenue Average 4Q revenue (DJ, 7 analysts): EUR333.6M (EUR311.4M) Average FY revenue: EUR1.02B (EUR919M) Note: Against a tough comparison period, revenue growth in jewelry and watches is likely to be outshone by that in perfumes and accessories, which should be boosted by new product and development of accessories-only stores. Full-year revenue seen growing 10%. Key points to look for include any update on guidance for 06 earnings, considered by many analysts to be cautious, and for 07 profits. Also of interest would be any update on plans for accessories-only stores and skincare products, while any forecasts for Japan, a key market for Bulgari, would also grab the eye. Numbers due after the close Tuesday. Danske Bank (DANSKE.KO): 4Q & FY Earnings Average net profit (SME Direkt, 17 analysts): DKK3.38B (DKK3.73B) Average pretax profit: DKK4.69B (DKK5.02B) Note: 4Q net profit has a drop of 9.4% from a year earlier. The drop reflects very strong equity gains in the year earlier period, says Claus Hoejmark Jensen, an analyst with Jyske Bank, who expects very strong results from Danske on the back of favorable economic conditions and strong equity markets. Danskes 4Q pretax profit is expected to drop 6.5%, year on year, again reflecting the exceptionally strong year ago period. Jensen says eyes are on 07 outlook and the impact of upcoming wage negotiations, and on the slowdown in housing market. Says its probably too early to get news on Sampo bank, which Danske agreed to acquire in November. Expects good news on the integration of Irish units. Fortum (FUM1V.HE): 4Q Earnings Average net profit (SME Direkt, 21 analysts): EUR328.7M (EUR320M) Average revenue: EUR1.301B (EUR1.11B) Note: 4Q net profit of +2.7% from a year earlier, on higher electricity prices. Higher average prices are seen boosting 4Q revenue in 4Q 05, but both profits and revenue are expected to be kept grounded on lower demand and margins. Warmer temperatures in the region during the quarter are seen hurting consumption, while lower production of higher margin nuclear power due to a reactor shutdown in Sweden will cut into profits. Eyes will be on any extra dividend communication from the company. Data due Wednesday at 0700 GMT. Friends Providents (FP.LN): 4Q & FY New Business Average 4Q new business (Co, 14 analysts): GBP1.0B (GBP918M) Average FY new business: GBP4.0B (GBP3.2B) Note: 4Q 06 UK life and pensions new business seen +8.9% present value of new business premiums from GBP918M in 4Q 05, as the effects of A-Day bubble starts to work its way through the system. FY 06 UK Life & Pensions new business seen +25%. FY group L&P +29% at just under GBP7B from GBP5.4B. Keefe, Bruyette & Woods forecasts 4Q 06 international L&P revenue +13% at GBP1.3B, with the seasonality of Lombard revenue coming through. Heidelberger Druck (HDD.XE): 3Q Earnings Average net profit (DJ, 9 analysts): EUR118M (EUR32M) Average pretax profit: EUR77M (EUR59M) Average operating profit: EUR91M (EUR71M) Note: 3Q net profit has jumped from a year earlier, due partly to a EUR70M tax refund. Order intake seen down 2.6% to EUR940M, while sales are expected to have grown 5.5% to EUR958M. However, analysts expect deceleration in order growth to continue, while profitability likely still suffers under lack of cost control, partly due to expanding R&D. 3Q operating profit seen up 27% from a year ago. Pretax profit seen at 29% higher from EUR59M. Company is expected to reaffirm FY07 goals. Novo Nordisk (NVO): 4Q Earnings Average net profit (SME Direkt, 26 analysts): DKK1.56B (DKK1.2B) Average operating profit: DKK2.24B (DKK1.92B) Average revenue: DKK10.24B (DKK9.43B) Note: 4Q net profit of +30% from a year earlier. A DKK100M gain from the sale of its holding in Domantis, and a weak comparable quarter is seen supporting the profit growth. Revenue is expected to rise 8.6% and operating profit +17%. Focus will be on market share gains and 2007 EBIT growth guidance, previously forecast at 10%-15%. Vivendi (12777.FR): 4Q Revenue Average revenue (DJ, 10 analysts): EUR5.650B (EUR5.479B) Note: Analysts expect growth to be led by revenue performance in Canal+, videogames, and Maroc Telecom, but are split on whether Vivendis two largest contributors, SFR and Universal Music, will report a rise or a drop in revenue. The company is also expected to maintain full-year guidance of an adjusted net profit of EUR2.6B, a 16% increase. Report due after market closes. Vodafones (VOD): 3Q Earnings Average 3Q key performance indicators (DJ, 3 analysts): Note: 3Q key performance indicators, expected on Jan. 31, are seen generally positive, but with some revenue slippage in Spain and Germany. Subscriber net additions seen +5.6% to 7.5M from 7.1M a year earlier. However JP Morgan and Lehman Brothers are more bullish forecasting 8.35M and 8.43M net adds respectively. Analysts will seek an update on Vodafones fast growing, emerging markets business unit and its bid for Hutchison Essar. (MORE TO FOLLOW) Dow Jones Newswires January 31, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 31 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events -2- OTHER SCHEDULED EVENTS: Abacus Group (ABU.LN): AGM Aedian (400592.FR): 2Q Revenue Altamir (5383.FR): FY Earnings Antofagasta (ANTO.LN): Trading Update ATOSS Software (AOF.XE): FY Earnings Avanquest Software (402671.FR): 4Q Revenue Aviation Latecoere (3227.FR): 4Q Revenue Bank of Piraeus (TPEIR.AT): FY Earnings Brd Klee (KLEE-B.KO): AGM BRE Bank (BRE.WA): 4Q Earnings Britvic (BVIC.LN): AGM Carbone-Lorraine (3962.FR): 4Q Revenue CAST (7289.FR): FY Revenue Christian Dior (13040.FR): FY Revenue Dewhurst (DWHT.LN): AGM Dimension Data Holdings (DDT.JO): AGM Du Pareil au Meme (5364.FR): FY Revenue Dyckerhoff (DYK.XE): FY Earnings EDB Gruppen (EDB.KO): FY Earnings Effnet Holding (EFFN.SK): FY Earnings Elanders (ELAN-B.SK): FY Earnings eQ Corporation (EQO1V.HE): FY Earnings Finsbury Growth & Income Trust (FGT.LN): AGM FormPipe AB BT (FPIP.SK): FY Earnings Fountains (FNT.LN): Trading Update Generix (403279.FR): 4Q Revenue Ginger (4502.FR): FY Revenue Guillemot Corporation (6672.FR): FY Revenue Hawesko Holding (HAW.XE): FY Earnings High Co (5423.FR): 4Q Revenue Highlight Communications (HLG.XE): 4Q Earnings HiQ International (HIQ.SK): FY Earnings Hubwoo.com (405256.FR): 4Q Revenue IB Group (405153.FR): 3Q Revenue Infotel (7179.FR): FY Revenue ITM Power (ITM.LN): 1H Earnings Kauno Energija (12301.LH): FY Earnings Nexans (444.FR): FY Earnings Nolato (NOLA-B.SK): FY Earnings Norbert Dentressangle (5287.FR): FY Revenue Norddeutsche Affinerie (NDA.XE): 1Q Earnings NWF Group (NWF.LN): 1H Earnings Optos (OPTS.LN): AGM Paris Orleans (3168.FR): 1H Earnings PartyGaming (PRTY.LN): Trading Update Salling Bank (SALB.KO): FY Earnings Sardus (SARD.SK): FY Earnings Schuitema (38304.AE): 4Q Earnings Skiens Aktiemolle (SKI.OS): 4Q Earnings Stanelco (SEO.LN): Trading Update Stork (39066.AE): FY Earnings Systar (5285.FR): 1H Revenue Tallinna Vesi (TVEAT.ET): FY Earnings Trader Classified Media (5729.FR): 4Q Revenue Tullow Oil (TLW.LN): Trading Update Turkistuottajat (TURCS.HE): 1Q Earnings Viel & Cie (5004.FR): FY Revenue VMetro (VME.OS): 4Q Earnings William Morrison Supermarkets (MRW.LN): Restatement of Earnings Wolfson Microelectronics (WLF.LN): FY Earnings (MORE TO FOLLOW) Dow Jones Newswires January 31, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 31 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates Aberdeen Asset Management (ADN.LN): FY 2006 Dividend Payment Date Alliance Trust (ATST.LN): 3Q 2006 Dividend Payment Date Blacks Leisure Group (BSLA.LN): 1H 2006 Dividend Payment Date Carpetright (CPR.LN): 1H 2006 Ex-Dividend Date Computerland UK (CPU.LN): 1H 2006 Ex-Dividend Date Dunedin Enterprise IT (DNE.LN): 1H 2006 Dividend Payment Date Edinburgh Investment Trust (EDIN.LN): 1H 2007 Ex-Dividend Date Electric & General Investment (ENG.LN): 1H 2006 Ex-Dividend Date EOG Resources (EOG): 4Q 2006 Dividend Payment Date FKI (FKI.LN): 1H 2006 Ex-Dividend Date Fletcher King (FLK.LN): 1H 2006 Ex-Dividend Date Future (FUTR.LN): FY 2006 Dividend Payment Date Gartmore European Investment (GEO.LN): FY 2006 Dividend Payment Date Glasgow Income Trust (GLS.LN): 1Q 2007 Dividend Payment Date Henderson High Income Trust (HHI.LN): 3Q 2006 Dividend Payment Date Iberpapel (IBG.MC): 1H 2006 Dividend Payment Date IG Group Holdings (IGG.LN): 1H 2006 Ex-Dividend Date Invista Foundation Property (IFD.LN): 1H 2006 Ex-Dividend Date ITE Group (ITE.LN): FY 2006 Ex-Dividend Date Latchways (LTC.LN): 1H 2006 Ex-Dividend Date Mapeley (MAY.LN): 4Q 2006 Ex-Dividend Date Metrovacesa (MVC.MC): 1H 2006 Dividend Payment Date Micro Focus International (MCRO.LN): 1H 2006 Dividend Payment Date Monks Investment Trust (MNKS.LN): 1H 2006 Dividend Payment Date Morant Wright Japan Income (MWJ.LN): 2Q 2006 Ex-Dividend Date New City High Yield Trust (NCY.LN): 2Q 2007 Ex-Dividend Date New Star Financial (NST.LN): 4Q 2006 Dividend Payment Date Prem UK Dual Return Trust Inc (PUKC.LN): 4Q 2006 Dividend Payment Date ProSafe (PRS.OS): Special Dividend Payment Date Schroder Income Growth Fund (SCF.LN): 1Q 2007 Dividend Payment Date Schroder UK Growth Fund (SDU.LN): 1H 2006 Dividend Payment Date Shires Income (SHRS.LN): 2Q 2006 Dividend Payment Date Shires Smaller Cos (SHD.LN): 4Q 2006 Dividend Payment Date Smith (DS) (SMDS.LN): 1H 2006 Ex-Dividend Date SSL International (SSL.LN): 1H 2006 Ex-Dividend Date Titon Holdings (TON.LN): FY 2006 Ex-Dividend Date Topps Tiles (TPT.LN): FY 2006 Dividend Payment Date Treatt (TET.LN): FY 2006 Ex-Dividend Date UK Balanced Property Trust (UBR.LN): 3Q 2006 Dividend Payment Date Vega Group (VEG.LN): 1H 2007 Ex-Dividend Date Victrex (VCT.LN): FY 2006 Ex-Dividend Date Wolverhampton & Dudley: FY 2006 Dividend Payment Date (END) Dow Jones Newswires January 31, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.


 

31 January 2007 - Aker Kvaerner will build a state of the art manufacturing facility for production risers and expand its subsea aftermarket facility in Rio das Ostras in Brazil. Aker Kvaerner is the first company to manufacture drilling risers in Brazil making this facility the first of its kind in the region. The new drilling risers' facility will allow Aker Kvaerner to extend the existing subsea aftermarket services for the riser business. The expansion start-up is scheduled for the third quarter of 2007. "This expansion is part of an important milestone for Aker Kvaerner's aftermarket and risers businesses. As well as matching the increasing demand for highly specialized subsea services, Aker Kvaerner is supporting the development of Rio de Janeiro state industry and reinforcing its established position of strong supplier of subsea equipment in Brazil," says Marcelo Taulois, President, Aker Kvaerner in Brazil. The extension comprises an additional 1600m2 to the existing aftermarket workshop, matching the increasing local demand for subsea aftermarket services, plus the acquisition of an adjacent 13000m2 area where the new drilling risers manufacturing facility is to be installed. The new drilling manufacturing facility will be equipped with all processes to manufacture riser systems from start to finish, including welding lines, assembly, testing, blasting and surface treatment lines. The first contracts are to supply three full subsea drilling risers systems, featuring Aker Kvaerner's innovative CLIP riser system, to Brazilian drilling group Queiroz Galvão Óleo e Gás. See attached 3D of the new plant. ENDS For further information, please contact: Media: Marcelo Taulois - President, Aker Kvaerner Subsea, Brazil. Tel: +55 (41) 3227-8401. Renee Mead, Communications Manager, Aker Kvaerner Subsea. Tel: +47 67 82 6859, Mob: +47 4641 1705 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: Roger Lunde, Vice President, Global Supply Chain. Tel: +47 32859478 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 and Power Generation. 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 23 000 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 40.1 per cent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry. Aker Kvaerner Subsea is a leading provider of a complete range of surface and subsea solutions for the oil and gas industry - from concept screening and design through manufacturing, fabrication and commissioning. Aker Kvaerner Subsea's ability as a world-wide total system provider is backed by a wide portfolio of products which are maintained for the complete life of field. Aker Kvaerner Subsea's capability is available for both new and existing fields either as individual activities or complete packages. This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com 3D impression of Aker Kvaerner's aftermarket base and riser manufacturing facility in Rio das Ostras, Brazil:


 

MOSCOW, 31 January 2007 - JSC SITRONICS ("SITRONICS"), a leading provider of telecommunication solutions, including software, equipment and systems integration, IT solutions and microelectronic solutions in Russia and the Commonwealth of Independent States with a strong presence in Central and Eastern Europe and a growing presence in the Middle East and Africa announced today the indicative price range for its proposed initial public offering (the "Offering") of ordinary shares and global depositary receipts ("GDRs") representing interests in its shares. SITRONICS intends to list its GDRs on the London Stock Exchange. The ordinary shares are listed on the RTS Stock Exchange and the Moscow Stock Exchange. The Offering is subject to receipt of all necessary regulatory approvals by the UK Financial Services Authority. The GDRs will be offered in the United States to qualified institutional buyers ("QIBs") under Rule 144A of the US Securities Act of 1933 ("Securities Act") and outside the United States and Russian Federation in offshore transactions under Regulation S of the Securities Act ("Regulation S"). The shares are being offered in the Russian Federation, in the United States to QIBs in reliance on Rule 144A and outside the United States in offshore transactions in reliance on Regulation S. Summary of the Offering: * The indicative price range of U.S.$12.00 to U.S.$15.00 per GDR and U.S.$0.24 to U.S.$0.30 per ordinary share, with one GDR representing an interest in 50 ordinary shares * The Offering will include both newly issued and existing shares in the form of GDRs and existing ordinary shares * The indicative price range reflects an implied market capitalisation of SITRONICS of approximately U.S.$1.92 billion to U.S.$2.40 billion before taking into account the proceeds received by SITRONICS in connection with the Offering SITRONICS intends to use approximately 50% of the proceeds from the Offering for acquisitions, including for the consolidation of minority interests in its subsidiaries, 25% of the proceeds for the repayment of indebtedness and the remaining 25% of the proceeds for general corporate purposes, including for the development of new projects and for working capital. Credit Suisse, Goldman Sachs International and Renaissance Capital are acting as Joint Global Coordinators and Bookrunners of the Offering. HSBC is acting as Co-Lead Manager. For further information contact: SITRONICS Alexander Boreyko, Investor Relations Director +7 495 225-98-26 +7 916 105-83-35 GAVIN ANDERSON Byron Ousey +44 207 554 1400 Dick Millard Daniel Hunter Michael Turner ABOUT SITRONICS SITRONICS is a leading provider of telecommunication solutions, including software, equipment and systems integration, IT solutions and microelectronic solutions in Russia and the Commonwealth of Independent States with a strong presence in Central and Eastern Europe and a growing presence in the Middle East and Africa. SITRONICS serves over 3,500 clients, maintains offices in 25 countries and exports its products and services to more than 60 countries. SITRONICS has over 10,000 employees of which approximately 4,600 are involved in research and development. SITRONICS key business operations are based in Prague, Czech Republic and Athens, Greece for its Telecommunication Solutions division and in Kiev, Ukraine and Zelenograd, Russia, for its IT Solutions and Microelectronic Solutions divisions, respectively. For the nine months ended 30 September 2006, SITRONICS's revenues and OIBDA[1] were $1,049.8 million and $114.7 million, respectively. As of 30 September 2006, SITRONICS had total assets of approximately $1.6 billion. SITRONICS is majority owned by Sistema, a leading consumer services holding company in Russia and CIS. SITRONICS has developed strategic alliances in its home markets with Cisco Systems, STMicroelectronics, Infineon and Giesecke & Devrient in relation to certain products and services. SITRONICS has vendor relationships with Siemens, Ericsson, Motorola, ORACLE, Intel, Sun Microsystems and Microsoft. Key customers include Sistema group companies, such as MTS, Comstar UTS and MTT, and also OTE, Cosmote, Vodafone, Ericsson, Arcelor Mittal (formerly Mittal Steel), Banca Intesa and TCL of China. * * * Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of SITRONICS. You can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. We do not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, and other factors specifically related to SITRONICS and its operations. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of SITRONICS, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of SITRONICS. This press release is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia), Australia, Canada, Japan or the Russian Federation. This press release is not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended, and the rules and regulations thereunder. SITRONICS has not registered and does not intend to register any portion of any offering of securities in the United States or to conduct a public offering of any securities in the United States. This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any shares or other securities referred to in this announcement except on the basis of information in the prospectus which is intended to be published by SITRONICS in due course in connection with the admission of GDRs representing the SITRONICS's shares to the Official List of the UK Financial Services Authority. Such prospectus will, following publication, be available in a printed form at the registered office of SITRONICS. This document does not constitute an offer of securities to the public in the United Kingdom. This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") this communication is only addressed to qualified investors in that Member State within the meaning of the Prospectus Directive. This press release is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any GDRs in the Russian Federation or to the benefit of any Russian person, and does not constitute an advertisement of the GDRs in the Russian Federation and must not be passed on to third parties or otherwise be made publicly available in the Russian Federation. The GDRs have not been and will not be registered in the Russian Federation and are not intended for "placement" or "public circulation" in the Russian Federation. [1] OIBDA is Operating Income Before Depreciation and Amortization


 

Nordic Business Report-January 31, 2007-Aker Kvaerner ASA to manufacture drilling risers in Brazil (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA announced on Wednesday (31 January) plans to build a manufacturing facility for production/drilling risers at its aftermarket workshop in Rio das Ostras in Brazil. In addition to the new 1,300 square metre manufacturing facility, Aker Kvaerner intends to expand the existing workshop facilities by an additional 1,600 square metres. "This expansion is part of an important milestone for Aker Kvaerners aftermarket and risers businesses. As well as matching the increasing demand for highly specialised subsea services, Aker Kvaerner is supporting the development of Rio de Janeiro state industry and reinforcing its established position of strong supplier of subsea equipment in Brazil," said Marcelo Taulois, president of Aker Kvaerner in Brazil. The construction work is scheduled to begin in the third quarter of 2007. Aker Kvaerner, headquartered in Lysaker in Norway, has 23,000 employees in over 30 countries. The company is 40.1%-owned by Norwegian industrial holding group Aker Group. Aker Kvaerner is listed on the Oslo Stock Exchange and traded under the symbol AKVER. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Danske Bank reports record net profit of DKK13,545m (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Danish banking group Danske Bank issued on Wednesday (31 January) its report for 2006, posting a record net profit of DKK13,545m, up from DKK12,685m in 2005. The better-than-expected result reflects an increased demand for the banks products, and total income improved by 8% to DKK37,486m. The bank reported a 23% increase in loans and advances, with lending to corporate customers improving by 26%. "2006 was a very good year for Danske Bank Group. Our customers finances and appetite for our products once again exceeded expectations," said Peter Straarup, chairman of the executive board. "The economies of the countries where were operating are sound, and we have experienced growth in all areas. This is also true of our operations in the Republic of Ireland and Northern Ireland, which were successfully integrated on the Groups IT platform. With our purchase of Sampo Bank, were now ready to focus on the growth markets in Finland, Estonia, Latvia and Lithuania," Straarup said. Danske Bank Group is currently in the process of merging its BG Bank and Danske Bank Denmark operations into a single division. The merger is expected to cost some DKK275m, but to reduce costs by some DKK300m per year with full effect in 2010. Danske Bank in January also completed its acquisition of the Finnish bank group Sampo Bank. Danske Bank is headquartered in Copenhagen in Denmark. In addition to being Denmarks largest banking group, Danske Bank also has banking operations in Denmark, Norway, Sweden, Northern Ireland and the Republic of Ireland. The group has 19,000 employees and some 3.5m retail customers. Danske bank is listed on the Nordic Exchange in Copenhagen. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Global Geo-Services ASA completes completes refinancing programme (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian multi-client seismic data provider Global Geo-Services ASA said on Wednesday (31 January) that it has raised NOK100m in a new share issue directed toward institutional and professional investors. In a separate announcement earlier on Wednesday Global Geo-Services also announced that it has secured a four-year bond loan of NOK100m from Atlas Capital Management. "The proceeds of the new loan and the private placement will be used to repay existing debt to Atlas Capital Management with approximately NOK145m and to provide working capital for the company," Global Geo-Services said. The arrangements are also expected to reduce the companys financial costs in 2007 by NOK12-16m. Global Geo-Services, headquartered in Oslo in Norway, collects, processes, markets and sells seismic data for the oil industry. The company has offices in Oslo, London, Dubai and Singapore. Global Geo-Services is listed on the Oslo Stock Exchange and traded under the ticker GGS. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Continent-Wide Publication to Build on North American Model YARMOUTH, ME -- (MARKET WIRE) -- 01/31/07 -- At Security Essen 2006, the largest European security trade show, held in October 2006, United Publications announced the launch of "Security Systems News Europe," the company's fifth publication. Building on the formula of the 10-year-old "Security Systems News," "SSN Europe" ships monthly to a targeted 15,000 security system installers and integrators each month, delivering the news of the security industry. "Security Systems News Europe" is headed by editor Steven Sachoff, who is based in Prague and comes from the business newswire Interfax, a Russian company. The areas of focus for the European publication are installers and integrators, homeland security, monitoring, and vendors and suppliers. Press releases can be directed to Sachoff at ssachoff@securitysystemsnewseurope.com. Published in English, the publication delivers a unique mix of news generated by companies, governing bodies and industry associations operating across the diverse European continent. This pan-European focus takes advantage of a continent increasingly operating with a common interest thanks to a common currency and organizing force in the European Union. United Publications, based in Yarmouth, Maine, USA, is a publisher of specialty trade newspapers, applying a journalistic rigor to the business-to-business publishing environment, and a producer of conferences serving niche markets. For more information, contact: Tom Curry Group Publisher Ph: +1 207-846-0600 x217 tcurry@securitysystemsnews.com


 

VMETRO's operating revenues for the fourth quarter 2006 were NOK 129.6 million compared to NOK 109.9 million for the same period in 2005. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the fourth quarter 2006 were NOK 23.6 million compared to NOK 30.1 million for the same period in 2005. Profit before taxes for the fourth quarter 2006 was NOK 17.9 million compared to NOK 28.9 million for the same period in 2005. Total operating revenues for 2006 were NOK 351.1 million compared to NOK 320.3 million for the same period in 2005. Total earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for 2006 were NOK 39.2 million compared to NOK 53.5 million in 2005. Profit before taxes were NOK 26.9 million compared to NOK 50.8 million in 2005. --- End of Message --- ISIN: NO0003074601; ;


 

Straumur-Burdarás Investment Bank ("Straumur-Burdarás") Annual results 2006 GROWING NORDIC INVESTMENT BANK DELIVERING RECORD AFTER-TAX PROFIT OF ISK 45.2 BILLION IN 2006 RETURN ON EQUITIY (ROE) 42% IN 2006 FOURFOLD INCREASE IN FEES AND COMMISSIONS Fridrik Jóhannsson, CEO: "Straumur-Burdarás reports a net income of just over ISK 45 billion for the year 2006, bringing shareholders a return on equity of 42 per cent. These are outstanding results in a year characterised by profitable growth, foreign investments, and development of infrastructure. At the same time, we have ensured the Bank's independence from the Icelandic market through new ventures in financing. The ratio of income and projects from overseas has grown significantly, granting the Bank a robust and diverse income base. This, along with strong investment operations, will ensure continued healthy return on our shareholders' investments. Straumur-Burdarás is ready for additional internal and external growth. Our aim, to become a leading Nordic investment bank, is within reach." AFTER TAX PROFIT IN Q4 ISK 24.2 BILLION - HISTORICAL RECORD * After-tax profit for the year 2006 totalled ISK 45,211 million, as opposed to ISK 26,718 million in 2005, which is a 69% increase. After-tax profit for the fourth quarter of 2006 amounted to ISK 24,275 million, as compared with ISK 12,616 for the same period of 2005. This is a 92% increase. * Net income from operations in the year 2006 quarter increased by 37% year-on-year and amounted to ISK 46,369 million, compared to ISK 33,871 million for the same period in 2005. For the fourth quarter of 2006, net income from operations totalled ISK 18,149 million, as opposed to ISK 15,894 million for the same period during the prior year. This represents a 14% increase over the year 2005. * Return on equity (ROE) was 42% for the year 2006. * The cost-income ratio was 8.0% for the year 2006, whereas it was 3.9% in the 2005. Fourfold increase in fees and commissions and multiple increase in interest income * Net commission income increased a little less than fourfold between years, totalling ISK 7,404 million for the year 2006, as opposed to ISK 1,951 million in 2005. * Net interest income in the year 2006 was ISK 3,732 million, while it was negative in the amount of ISK 248 million in 2005; thus interest income for the year was many times higher than in the year 2005. Balance Sheet enabling further growth * The Bank's total assets amounted to ISK 412,288 million at year-end, as compared with ISK 259,349 million at year-end 2005, and have therefore increased by 59% since the beginning of the year. * The Bank's CAD ratio was 37.59%, with a Tier 1 capital ratio of 35.20%. In comparison, at year-end 2005 the CAD ratio was 19.8% and the Tier 1 capital ratio 15.3%. * Shareholders' equity amounted to ISK 141,349 at the year-end 2006, after the deduction of own shares. Executing strategy in Balance Sheet composition * Straumur-Burdarás' loan portfolio has more than doubled in size, growing from ISK 48,911 million at the beginning of 2006 to ISK 127,844 million at year-end 2006. * The ratio of interest-bearing assets in the Balance Sheet has risen by 59% from the year 2005. Key figures from operations Income Statement Income The Bank's after-tax profit in the year 2006 amounted to ISK 45,211 million, as opposed to ISK 26,718 million in 2005. The increase over and above the prior year is thus 69%. The Bank's after-tax profit in the fourth quarter of 2006 amounted to ISK 24.275 million, compared to ISK 12,616 million at the same time a year ago, which is a 92% increase between years. Net income from operations in the year 2006 totalled ISK 46,369 million, whereas it was ISK 33,871 million in 2005, an increase of 37x%. Net income from operations in the fourth quarter of 2006 was ISK 18,149 million, compared to ISK 15,894 million for the same period in 2005, an increase of 14%. The Bank's net interest and commission income totalled ISK 11,136 million for the year 2006, as opposed to ISK 1,703 million in 2005. Net fee and commission income amounted to ISK 2,837 million for the fourth quarter in 2006, as compared with ISK 810 million for the same period in 2005. Dividend income was ISK 2,468 million in the year 2006, compared to ISK 1,597 million in 2005. Dividend income was ISK 526 million in the fourth quarter of 2006, as opposed to ISK 98 million for the same period last year. Net income from current assets and current liabilities was ISK 13,598 million in the year 2006 and ISK 16,726 million in 2005. Net income from financial assets and financial liabilities held for trading was ISK 3,283 million in the fourth quarter and ISK 10,241 million during the same period in the prior year. Net income on financial assets at fair value was ISK 12,354 million in the year 2006, as opposed to ISK 14,095 million in 2005. Net income on financial assets at fair value was ISK 7,404 million in the fourth quarter of 2006 and ISK 4,853 million in the same period last year. Net currency gains totalled ISK 5,992 million in the year 2006, while they were negative in the amount of ISK 255 million in 2005. Net currency gains were positive in the amount of ISK 3,288 million during the fourth quarter of 2006 and negative by approximately ISK 108 million over the same period in 2005. Operating expenses Operating expenses for the year 2006 totalled ISK 3,866 million, as opposed to ISK 1,306 million in 2005. Operating expenses for the fourth quarter of 2006 were ISK 1,653 million, compared to ISK 614 million in the fourth quarter of 2005. Key figures from the Balance Sheet Balance Sheet As of 31 December 2006, Straumur-Burdarás' total assets were ISK 412,288 million, as opposed to ISK 259,349 million in 2005, an increase of 59%. The capital adequacy ratio, calculated on a CAD basis, was 37.59% in the year 2006, including a Tier 1 capital ratio of 35.20%. Assets Loans and receivables in the year 2006 totalled ISK 193,595 million. Of that amount, loans to clients totalled ISK 127,844 million. By comparison, loans to clients amounted to ISK 48,911 million at the end of 2005. The balance of the credit provisioning account in year 2006 was ISK 1,513 million, compared to ISK 475 million as of 31 December 2005. This is equivalent to 1.18% of total loans outstanding at the end of the fourth quarter of the year 2006. Current assets amounted to ISK 125,841 million in year 2006, as compared to ISK 92,230 million at year-end 2005. The total value of the Bank's equity holdings recognised as current assets amounted to ISK 89,738 million as of 31 December 2006, and the value of its bond assets was ISK 32,873 million. A portion of the Bank's equity assets is balanced against derivative contracts. At the end of the quarter, the Bank's clients had obliged themselves, by means of forward contracts, to sell shares to the Bank or purchase shares from it in the amount of ISK 32,942 million. This is compared to ISK 7,949 million at year-end 2005. Other financial assets at fair value amounted to ISK 62,287 million on 31 December 2006, as opposed to ISK 87,843 million at year-end 2005. Fixed assets amounted to ISK 1,333 million at the end of the fourth quarter, compared to ISK 1,126 million at the beginning of 2006. Other assets amounted to ISK 5,097 million as of 31 December 2006, compared to ISK 3,118 million at year-end 2005. Liabilities and shareholders' equity Total borrowings were ISK 243,410 million as of 31 December 2006. Of this figure, the amount owed to credit institutions was ISK 146,138 million, compared to ISK 53,851 million as of 31 December 2005. Other borrowing amounted to ISK 97,272 million, compared to ISK 67,806 million at year-end 2005. Subordinated debt amounted to ISK 8,391 million at the end of the period. Current liabilities amounted to ISK 8,296 million in the year 2006, as compared to ISK 1,636 million at the beginning of the year. The calculated income tax liability at the end of Q4 2006 was ISK 591 million, and other liabilities totalled ISK 10,251 million. As of 31 December 2006, shareholders' equity amounted to ISK 141,349 million, up from ISK 114,871 million at the beginning of the year. Dividends amounting to ISK 6.733 million were paid to shareholders for the year 2005. The Bank's income divisions The Bank's operations are divided into income divisions and support divisions. The income divisions are Corporate Finance, Proprietary Trading, Debt Finance, Treasury, and Capital Markets. The support divisions are Risk Management, Legal, and Operations. All income divisions of the Bank returned a healthy profit on their operations during the year 2006. Operating expenses of support divisions are taken into account in the calculation of the profits for each income division. Proprietary Trading The Bank's transactions on its own account are the responsibility of Proprietary Trading. Transactions are either part of market marking for certain classes of securities or own exposures in bonds, listed equities, FX, and derivatives of these products, on both domestic and foreign markets. Net operating income was positive by ISK 2,139 million in the fourth quarter of 2006, an increase of 3,936 million over and above the third quarter. Capital Markets Capital Markets handles the Bank's securities brokering and co-ordinates share and bond offers. The division's clients are primarily institutional investors, corporations, and mutual funds. Net operating income was ISK 823 million in the fourth quarter, an increase of 67% over the third quarter. Corporate Finance Corporate Finance advises the Bank's clients on the acquisition, disposal and/or financing of companies and investment vehicles. The division's services may involve mergers, acquisitions, or general restructuring requiring the issuance of share capital and/or debt financing. Net operating income was ISK 8,966 million in the fourth quarter. Net fee and commission income totalled ISK 1,238 during the quarter. Capital gains amounted to 8,159 in the fourth quarter. Debt Finance Debt Finance handles lending to corporate and institutional investors, offering comprehensive financing solutions ranging from general corporate loans to loan financing of LBOs (mezzanine and/or senior debt). Great emphasis is placed on tailoring the service offered to the needs of individual clients. Net operating income for the division was ISK 1,706 million in the fourth quarter, an increase of 16% over and above the previous quarter. The division's net interest income was ISK 1,493 million. Net fee and commission income amounted to ISK 213 million during the quarter. Treasury Treasury is responsible for the Bank's financing and management of short-term cash flow, interest rate balance, and FX balance. The Treasury division's net operating income totalled ISK 4,379 million during the fourth quarter. Profitability and share capital Return on equity in the year 2006 was 42%. As of 31 December 2006, the nominal value of the outstanding share capital of Straumur-Burdarás Investment Bank was ISK 9,487 million. Shareholders As of 31 December 2006, shareholders numbered 20,666, as opposed to 22,031 at year-end 2005. At the end of the fourth quarter, one shareholder owned holdings of over 10% in the Bank. Shareholdings Samson Global Holdings........................................................................................ 30.2% Events in Q4 2006 On 23 November Straumur-Burdarás Investment Bank hf. announced that the Bank had raised EUR200.000.000 through the issuance of a senior notes structure in the international debt market, under a tailored collateralised loan obligation structure (CLO). This underpinned Straumur's growing participation in the international leverage loan markets and represented an important milestone in further strengthening the Bank's interest bearing asset base and interest income. Dresdner Bank AG London Branch is the buyer of the notes that mature in 2012. On 30 November, Fitch Ratings affirmed Straumur-Burdarás Investment Bank ("Straumur") ratings at Issuer Default 'BBB-' (BBB minus), Short-term 'F3', Individual 'C/D', and Support '3'. The Outlook on the Issuer Default rating is Stable. On 15 December, Straumur-Burdarás Investment Bank hf., together with a group of investors, purchased 2,338,864,240 Straumur-Burdarás shares from FL Group. The shares purchased amount to 22.6% of total share capital in the Bank. Straumur-Burdarás itself purchased 1,025,554,736 shares, or slightly less than 10% of the Bank's share capital. Other investors purchased a total of 1,313,309,504 shares, or nearly 13% of share capital. No single investor in this group exceeds the 5% flagging limit.. The buyers paid ISK 18 per share in a transaction totalling ISK 42.1 billion. The purchase price was paid with ISK 28.3 billion in cash, ISK 10.2 billion in shares in the Finnish airline Finnair, and ISK 3.5 billion in shares in listed Icelandic companies. The purchase is made subject to the acquisition of financing. The transaction was concluded on 22 December 2006. Straumur-Burdarás Investment Bank's Corporate Finance Division acted as an intermediary in the transaction. On 19 December, Straumur-Burdarás Investment Bank hf. decided to carry out the Bank's accounting and prepare its annual financial statements in euros effective from 1 January 2007. This decision also means that the Bank's equity will be denominated in euros. The decision was made with consideration given to the long-term interests of the Bank and its shareholders. An ever-increasing portion of the Bank's assets and revenues is in foreign currencies, and the proportion of the Icelandic króna in its business transactions is steadily decreasing. The Bank is of the opinion that this change will bolster foreign investors' interest in Straumur-Burdarás, as well as broadening the Bank's shareholder group and supporting continuing international growth. Outlook for 2007 In the beginning of 2007, The British Financial Services Authority (FSA) granted Straumur-Burdarás Investment Bank a permit to operate a branch in London. Operation of the London office commenced on 1 January 2007. The activities of the London office will centre initially on lending activities, with particular emphasis on syndicated loans where Straumur-Burdarás will act variously as participant or lead arranger. In London, the Bank is allied with Stamford Partners. Our objective is to bring all the London operations together under one roof during the coming year and enhance it even further; i.e., by building up the Capital Markets division. Straumur-Burdarás' aim is to enhance stability in its income sources. The Bank will continue to diversify its operation. In three years' time, no business stream or geographic sector should represent more than 20 per cent of the Bank's revenue. The intention of opening offices in more countries will help to facilitate this - although the focus will still be on keeping the cost/income ratio low. Continued profitable growth is a permanent objective. The Nordic countries and the UK will remain the Bank's core markets, but opportunities elsewhere will still be considered based on their individual merits. Straumur-Burdarás' strategy of becoming the leading Nordic investment bank is well within our reach. The Bank's goal is to increase the customer base threefold by the end of 2009. By that time, we also aim to earn 20 per cent of our revenue from new products and services and to achieve an ROE of over 15 per cent. The Bank's balance sheet is strong and supports its external and internal growth. Our goal, to become a leading Nordic Investment bank, is within reach. Five-year overview Accounting The interim financial statements for the fourth quarter 2006 have been examined by KPMG Endurskodun hf., which is the Bank's auditor. Personnel At end of the year 2006, there were 109 full-time equivalent positions at Straumur-Burdarás Investment Bank. Information disclosure Straumur-Burdarás is dedicated to providing timely, reliable, correct, and appropriate information to the market, through the Iceland Stock Exchange News System and its own website and in the press. The Bank's aim is to guarantee all stakeholders access to clear and exact information on the Bank's operations and projects at any given time. Financial calendar for 2006 Q4 30th of January The Annual General Meeting will take place on the 8th of March 2007. Publication of the results for the first three months (Q1) is scheduled on the 26th of April 2007.


 

Video interviews and transcripts available now on www.cantos.com with James Murdoch, CEO, and Jeremy Darroch, CFO, BSkyB * Results highlights * Sky Broadband and Sky Talk * Google and 365 Media * Product innovation * ITV * Broadband cost and roll-out * Cash and dividends 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.


 

Nordic Business Report-January 31, 2007-AB Sagax acquires properties in Huddinge, Sweden (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish property company AB Sagax said on Wednesday (31 January) that it has agreed to acquire 50% of the share capital of Segeltorp Utvecklings AB. Segeltorp Utvecklings owns three properties of a total of 15,000 square metres in Segeltorp in the municipality of Huddinge, Sweden. The properties are mainly used for production and warehousing by pastry bakery Delicato AB. The purchase price is based on an underlying property value of approximately SEK100m. Sagax said that it plans to develop the Segeltorp area further in cooperation with Delicato. Sagax, headquartered in Stockholm, Sweden, focuses on property deals in the Stockholm area. The companys portfolio comprises 82 properties of a total of 610,000 square metres. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Aker Kvaerner ASA wins NOK600m contract extension from BP (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA said on Wednesday (31 January) that BP (LSE, NYSE: BP) has exercised an option to extend a maintenance and modification services contract by two years. The contract, initially signed in 1999, covers services for all BP operated assets on the Norwegian continental shelf. The current contract extension is the second of three two-year options. The new contract is valued at NOK600m. Aker Kvaerner, headquartered in Lysaker in Norway, has 23,000 employees in over 30 countries. The company is 40.1%-owned by Norwegian industrial holding group Aker Group. Aker Kvaerner is listed on the Oslo Stock Exchange and traded under the symbol AKVER. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-WM-data signs Nordic outsourcing contract with BTJ Group (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT group WM-data, part of the international IT services provider LogicaCMG Group, said on Wednesday (31 January) that it has secured a EUR9m outsourcing contract from Nordic media products and information services supplier BTJ Group. The five-year contract covers IT operating, administration and applications development services for BTJ Groups operations in Sweden and Finland. As part of the arrangements WM-data will also take over 17 of BTJ Groups employees. According to Sophie Persson, CEO of BTJ Group, the agreement will reduce the groups costs by some 20%. WM-data is part of the LogicaCMG Group, an IT services group which employs 40,000 people in 41 countries. In the Nordic region the company has about 9,000 employees. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

- Sales of ¤ 303 million (+5.5 %), EBIT approx. ¤ 18 million - Even better opportunities for growth in 2007 and 2008 Hamburg, 31 January 2007. The wine trading group Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) published its preliminary results for the fiscal year just completed (1 January - 31 December 2006) today. The Group posted an increase of 5.5 % in 2006, higher than the growth of the total wine market, raising consolidated sales to ¤ 303 million (previous year: ¤ 287 million). In 2006, the German wine market overall grew in terms of value for the first time in 3 years, with an increase of 3.4 % according to data provided by the GfK (Gesellschaft für Konsumforschung). Hawesko has thus further increased its share of the market. The consolidated result from operations (EBIT) was at the level expected for 2006 of approximately ¤ 18 million (previous year: ¤ 18.9 million, on a comparable basis after adjustment for non-recurring items: ¤ 17.6 million). The Group's pre-tax result is expected to be higher than that of the previous year (¤ 16.2 million), as the financial result improved. As expected, the tax rate will change from the previous year's level (33%) which was influenced by special effects, amounting to roughly 40%, so that the consolidated earnings after taxes and minority interests are currently expected to be nearly ¤ 10 million (previous year: ¤ 10.7 million and ¤ 1.22 per share). Free cash flow is anticipated at approximately ¤ 4 million which would be below the Group's expectations (¤ 10 million). This is due primarily to many late orders in the mail-order segment which caused a high level of receivables to be carried over past the year-end closing date. This working capital position has returned to normal in the first weeks of the current fiscal year. The consolidated financial statements of the Hawesko Group will be certified by the auditors in March 2007 and submitted to the supervisory board for approval. For the fourth quarter of the past fiscal year (1 October - 31 December 2006), the Group posted sales of ¤ 108 million, an increase of 4.8 % over the figures for the corresponding quarter of the previous year. The Group's EBIT was over ¤ 12 million in the final quarter of 2006; in the same quarter of the previous year this figure was ¤ 13.6 million, of which ¤ 1.3 million were due to positive non-recurring effects - mainly capitalised own contributions to assets as part of the IT switchover in the mail order segment. The stationary specialist retail segment (primarily Jacques' Wein-Depot) increased its quarterly sales by 5.5 % over the same quarter of the previous year to ¤ 34 million, and by a good 3 % on a like-for-like basis. At the end of fiscal year 2006, there were 260 outlets in operation (end of the previous year: 256). Moreover, three new multiwein stores were put into operation near the end of the year. Sales in the mail order segment of ¤ 31 million were still influenced by the switchover to the new IT system in the previous quarter; for that reason they were 2.3 % below the same quarter of the previous year. The wholesale segment increased its sales by 9.9 % over the figure for the comparable period in the previous year to ¤ 43 million in the fourth quarter. This was due primarily to the broadening of business in Germany as well as growth in the French subsidiary Château Classic - Le Monde des Grands Bordeaux, which specialises in Bordeaux wines. Hawesko CEO Alexander Margaritoff stated: "2006 was on the whole positive for the Hawesko Group - and for German consumer market as well, which is almost as important. Likewise, we view the development of the wine market as a significant improvement that offers even greater opportunities for the growth of the Group in 2007 and beyond." Hawesko Holding AG is a leading supplier of premium wines and champagnes. In fiscal year 2006 the Group achieved sales of ¤ 303 million through its three sales channels - specialist wine retail (Jacques' Wein-Depot), wholesale (Wein Wolf and CWD Champagner und Wein Distributionsgesellschaft) and mail order (in particular Hanseatisches Wein- und Sekt-Kontor). The Group employs 550 people. Preliminary key data for the Hawesko Group (in ¤ million, unaudited) FY 2005 FY 2006 (preliminary) Sales 287.0 302.8 +5.5 % of which: - Specialist wine retail (Jacques' Wein-Depot) 96.9 101.2 +4.4 % - Wholesale 119.6 +16.1 % 103.0 - Mail order 86.5 81.6 -5.7 % Result from operations (EBIT) 18.9 approx. 18 approx. -5 % - Previous year adjusted for non-recurring effects 17.6 approx. approx. 18 +2 % ================================================================ (in ¤ million, unaudited) 4th Quarter (1.10.- 31.12.): 2005 2006 (preliminary) Sales 108.1 +4.8 % 103.2 of which: - Specialist wine retail (Jacques' Wein-Depot) 32.3 34.1 +5.5% - Wholesale 39.0 42.8 +9.9% - Mail order 31.8 31.1 -2.3% Result from operations (EBIT) 13.6 approx. 12 approx.-12 % - Previous year adjusted for non-recurring effects 12.3 approx. approx. -2 12 % ================================================================ # # # Publisher: Hawesko Holding AG Postfach 20 15 52 20205 Hamburg, Germany Internet: http://www.hawesko.com (Company information) http://www.hawesko.de (Online shop) http://www.jacques.de (Information Jacques' Wein-Depot) Press/Media: Vera Maria Bau, VMB Consulting Phone: +49 (0)228 44 96 240 Fax +49 (0)228 44 96 298 E-mail: vmb-pr@t-online.de Investor Relations: Thomas Hutchinson, Hawesko Holding AG Phone: +49 (0)40 30 39 21 00 Fax +49 (0)40 30 39 21 05 E-mail: ir@hawesko.com --- End of Message --- WKN: 604270; ISIN: DE0006042708; Index: CDAX, Prime All Share, SDAX, CLASSIC All Share, GEX; Listed: Amtlicher 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, Amtlicher Markt in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover;


 

Fristen for det pliktige tilbudet til aksjonærer i Deep Sea Supply ASA (DESS) utløper fredag den 02. februar kl.16:30 norsk tid. Dette tilbudet gir som kjent eksisterende aksjonærer mulighet til å velge aksjer i Deep Sea Supply Plc (DESSC) alternativt kontantvederlag. Aksjonærer som ikke gir tilbakemelding innen denne fristen vil bli tvangsutløst. Se for øvrig vår hjemmeside www.deepseasupply.no


 

Nordic Business Report-January 31, 2007-DeepOcean ASA wins 5-year survey services contract from Statoil ASA (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian subsea services provider DeepOcean ASA said on Wednesday (31 January) that it has received a new framework contract for survey services from Norwegian oil company Statoil ASA. The contract covers seabed mapping, pipeline inspections, trenching support, construction and pipelay support services both on and outside the Norwegian continental shelf. The five-year contract can be extended by two two-year periods. The financial details of the contract were not disclosed, but a similar contract awarded by Statoil to Acergy Norway AS on Tuesday was valued at NOK750m. DeepOcean, headquartered in Haugesund in Norway, provides inspection, maintenance and repair, as well as subsea intervention services. The company has offices in Norway, the United Kingdom, the Netherlands and Mexico. DeepOcean is listed on the Oslo Stock Exchange and traded under the ticker DEEP. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 31, 2007-Swedish technology group Hexagon AB divests bronze products business (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish technology group Hexagon AB announced on Wednesday (31 January) that it has agreed to sell its wholly-owned engineering subsidiary Johnson Metall AB to a company controlled by Norwegian venture capital fund Norvestor IV LP. The sales price was not disclosed, but Hexagon said that the deal will result in a capital gain of approximately SEK80m. Johnson Metall, headquartered in Orebro in Sweden, is the Nordic regions leading manufacturer of bronze bearings, bars, tubes and castings. The company has manufacturing units in Sweden and Finland as well as sales offices in Denmark and Norway. In 2006 Johnson Metall had some 310 employees and sales of approximately SEK475m. "The divestiture of Johnson Metall is yet another step in focusing the Hexagon group towards a pure market leading measurement technologies company," said Ola Rollen, president and CEO of Hexagon. "Further divestments of companies within the business area Hexagon Engineering will take place as we find the companies fit to leave the Hexagon group, in combination with attaining the right price," Rollen added. Hexagon, headquartered in Nacka Strand in Sweden, is a global technology group with strong market positions within measurement technologies, polymers and key components. The company has 8,200 employees in 30 countries and has net sales of some SEK13bn. Hexagon is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjavik (IFN) Icelands Straumur-Burdaras after-tax profit for the fourth quarter of 2006 amounted to ISK24.3 billion, as compared with ISK12.6 billion for the same period of 2005, which is a 92% increase, Straumur-Burdaras said on Tuesday. 


 

Nordic Business Report-January 30, 2007-EDB Business Partner ASA reports operating profit of NOK257m for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian IT group EDB Business Partner ASA reported on Tuesday (30 January) a pre-tax profit of NOK257m on operating revenue of NOK5.8bn for the financial year 2006. Pre-tax profit for the 12-month period decreased from NOK356m while operating revenue increased from NOK4.86bn, as compared to 2005. Earnings per share (EPS) in 2006 decreased to NOK2.51 from NOK2.66 in 2005. The board of directors will propose a dividend of NOK1.0 per share for 2006. EDB Business Partner, headquartered in Oslo, Norway, is a Nordic IT group with 3,900 employees and a turnover of NOK5.8bn in 2006. The company is listed on the Oslo Stock Exchange and traded under the ticker EDBASA. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-Teligent AB reports operating loss of SEK142.4m for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms applications and platforms supplier Teligent AB reported on Tuesday (30 January) an operating loss of SEK142.4m on net sales of SEK403.9m for the financial year 2006. Operating loss for the 12-month period decreased from a profit of SEK8.4m, while net sales decreased from SEK460.2m, as compared to 2005. Earnings per share for the year amounted to a loss of SEK5.81. Teligent is headquartered in Stockholm, Sweden. The company has 443 employees and reported sales of SEK301.3m in the first nine months of 2006. Teligent 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-January 30, 2007-SAS to add new routes to China (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Scandinavian airline SAS Group said on Tuesday (30 January) that as part of its new China strategy, SAS has chosen to focus on Beijing from several locations in Scandinavia. SAS will operate ten flights a week to Beijing Airport and from September 2007 traffic will be strengthened with additional departures from both Stockholm and Copenhagen. From 25 March 2007 it will be possible to fly nonstop to China from Stockholm with the launch of the sought after Stockholm-Beijing direct route. SAS has also decided to reorganise its traffic to China and will discontinue flights to Shanghais Pudong International Airport from 8 April. Instead SAS can offer connections to the domestic airport Hong Qiao Airport in Shanghai and to a range of other important points in China. 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-January 30, 2007-Solteq Plc reports operating loss of EUR0.5m for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish business information systems developer and supplier Solteq Plc reported on Tuesday (30 January) an operating loss of EUR0.5m on net turnover of EUR23.2m for the financial year 2006. Operating loss for the 12-month period decreased from a profit of EUR1.2m, while net turnover increased from EUR21.6m, as compared to 2005. Earnings per share (EPS) decreased to EUR0.01 from EUR0.11 in 2005. The board of directors also proposed that it would make a decision on whether to pay a dividend or return equity to a maximum of EUR0.10. The company estimates that its turnover will increase by at least 15% on a yearly basis and that its operating profit will improve significantly. Solteq is headquartered in Tampere, Finland. The company supplies IT solutions and services to companies in trade and industry sectors. Solteq 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-January 30, 2007-Teleste Corporation reports operating profit of EUR9.8m for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish technology group Teleste Corporation reported on Tuesday (30 January) an operating profit of EUR9.8m on net sales of EUR101.8m for the financial year 2006. Both operating profit and net sales for the 12-month period increased, respectively, from EUR8.6m and EUR82.6m as compared to 2005. Earnings per share (EPS) increased by 15.2% to EUR0.41. The board of directors also proposed that a dividend of EUR0.20 per outstanding share be paid. Teleste expects to continue to grow profitably in 2007 focussing on making the production process even more effective and speeding up the turnaround times in product development. Teleste, headquartered in Turku, Finland, is an international technology group which specialises in broadband data communication systems and solutions. Teleste has some 30 offices worldwide and 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))


 

SAN JOSE, CA -- (MARKET WIRE) -- January 30, 2007 -- RAE Systems Inc. (AMEX: RAE), a leading global provider of rapidly deployable sensor networks that enable customers to identify safety and security threats in real time, today introduced the DoseRAE and DoseRAE-P. Both are Geiger-Mueller tube-based, electronic, gamma radiation dosimeters. Key international markets for these monitoring instruments are first responders, nuclear power plants, research facilities, hospitals, and industrial locations using or producing radioactive gauges, oil exploration and imaging technology. "Most people are exposed to no more than five milliSieverts per year from natural background gamma radiation sources. The DoseRAE is a rugged, cellphone-sized, direct-reading electronic personal dosimeter that provides an easy way to monitor personal radiation dosages and to ensure that workers do not exceed the annual U.S. federal or international exposure limits of fifty milliSieverts," said Thomas Negre, RAE Systems' Global Product Director for Instrumentation Products. "These electronic dosimeters are an important addition to our offerings in the international safety and security markets. The DoseRAE alerts users to excessive exposure to radiation in a variety of working conditions." Both DoseRAE models are rugged, lightweight, direct-reading electronic personal dosimeter that provides superior dose monitoring accuracy and can measure radiation exposure in Sieverts (SI Unit for radiation dose). The sensitivity of the Geiger-Mueller tube in both DoseRAE units provides accurate dose readings with a resolution of less than 0.02 microSieverts. -- The DoseRAE's settings can only be changed using the dosimeter reader, preventing wearers from inadvertently changing alarm set-points. -- The DoseRAE-P (programmable) allows alarm settings to be changed "on-the-fly" using the dosimeter's buttons. Both units alert the user with a loud 75+dB alarm and big, bright, flashing, LEDs. Both the DoseRAE and DoseRAE-P track "stay-time," the amount of time left until the dose alarm level is reached if the wearer stays in an active radiation field. The units provide two levels of alarm: -- a stay-time warning alarm -- an absolute stay-time alarm This gives the wearer plenty of advance notice to finish work in a radiation area before reaching the dose alarm threshold. The product was jointly developed with Science Applications International Corporation (SAIC) (NYSE: SAI) and will be marketed internationally by RAE Systems and in the United States under the SAIC brand as the PD-3i and PD-10i. Under a separate license agreement, RAE Systems will manufacture product for both companies. Both the international and US versions of the dosimeter are available immediately. For more information on the RAE Systems family of radiation detectors including DoseRAE, GammaRAE II, NeutronRAE II, GammaRAE II R and AreaRAE Gamma please visit our website at www.raesystems.com. About RAE Systems RAE Systems is a leading global provider of rapidly deployable sensor networks that enable customers to identify safety and security threats in real time. Products include multi-sensor chemical detection, wireless gas diction, radiation and digital video monitoring networks for homeland security and industrial applications. RAE Systems' products enable the military and first responders such as firefighters, law enforcement and other emergency management personnel to detect, provide early warning and record events that involve weapons of mass destruction and other hazardous materials. Industrial applications include the detection of toxic industrial chemicals, volatile organic compounds and petrochemicals. RAE Systems' products are used by many U.S. government agencies, including the Department of Homeland Security, the Department of Justice, and the Department of State, as well as all branches of the U.S. military, and by numerous city and state agencies. Our end users also include many of the world's leading corporations in the airline, automotive, computer and oil industries. Our products are used in civilian and government atmospheric monitoring programs in over 50 countries. For more information about RAE Systems, please visit www.RAESystems.com. RAE Systems Contact: Bob Durstenfeld 408-952-8402 bdurstenfeld@raesystems.com


 

(IFN) Glitnir Banks  4Q results are "solid," says David Rudolfsson, an analyst with Kaupthing Bank."Net profit is slightly better than we expected primarily due to higher commission income and trading gains."Has a short-term underweight recommendation on the stock, and says it trades down due to built up expectations after competitor Landsbanki  presented strong results Friday.Shares -1.2% at ISK25.10.


 

Nordic Business Report-January 30, 2007-Grenland Group wins letter of intent for order in Malaysia (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian engineering, procurement and construction company Grenland Group said on Tuesday (30 January) that its Technology Division has received a letter of intent for the delivery of a new Minox Deoxygenation System for the Petronas Sumandak II Waterflood Project in Malaysia. The system is designed to remove oxygen from seawater, used for injection into the oil reservoir, down to 20ppb. The system will be capable of processing 55,000 barrels of water per day. All engineering and procurement will be performed by Grenland Groups Technology Division in Norway. Fabrication of the process module will be performed in Malaysia. The total contract value of the deliveries in this project is approximately NOK13m. Grenland Group has activities at 14 locations in Norway with a total of more than 1,000 employees. The company is listed on the Oslo Stock Exchange under the ticker GGG. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-HiQ International AB signs contract with Heidelberg (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT and management consultancy HiQ International AB said on Tuesday (30 January) that it has signed a contract with the Swedish subsidiary of Heidelberger Druckmaschinen AG (Heidelberg), a company that supplies bespoke printing process automation solutions to the print media industry. Under the contract HiQ will provide Heidelberg with services relating to the development of software for control systems for printing works packing halls. The contract is for a five-year period is worth around SEK30m to HiQ. Heidelberger Druckmaschinen AG is one of worlds biggest suppliers to the printing industry. The Heidelberg group has nearly 20,000 employees around the world and its turnover in 2005/2006 was close to EUR4.0bn. HiQ International, headquartered in Stockholm, Sweden, provides consulting services within communication, software development and simulation. The company has 750 employees in Sweden, Finland and Denmark. HiQ International is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 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-January 30, 2007-PA Resources AB wins shares in two new production licences (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish oil and gas company PA Resources AB said on Tuesday (30 January) that its subsidiary PA Resources Norway AS has been awarded shares in two new production licences on the Norwegian Continental Shelf. The first licence is part of blocks 25/3, 25/5 and 25/6, located approximately 20 km east of the Heimdal Field, while the second licence is part of blocks 35/8 and 35/9 located between the Vega and Gjoa Discoveries. PA Resources has been offered a 20% equity share in both licences. The initial period of the awards is five years with a firm commitment programme in both licences to carry out technical work prior to making a decision to drill. PA Resources, headquartered in Stockholm, Sweden, is active in Norway, Tunisia, Equatorial Guinea and Congo-Brazzaville, and reported sales of SEK281m in 2005. PA Resources is listed on the Oslo Stock Exchange under the ticker PAR, as well as on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-Pertra ASA wins three operatorships on Norwegian Shelf (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian exploration and production company Pertra ASA said on Tuesday (30 January) that it has been awarded three operatorships in connection with Norways APA 2006 licensing round. Pertras portfolio now comprises a total of seven operatorships on the Norwegian Shelf. To maintain the anticipated level of activity in the new licences, Pertra has already entered into a contract with Fugro-Geoteam regarding the acquisition of 400 square kilometres of 3D seismic data over Blocks 6507/9 and 12. The value of the contract is NOK60m. Pertra also said that it is prepared to employ the rig Bredford Dolphin for potential drilling operations in Blocks 15/8 and 9 in 2008. Pertra ASA, based in Trondheim, Norway, is an independent exploration and production company listed on Oslo Stock Exchange under the ticker PETRA. The companys business concept is to focus on exploration and development of small and medium-sized petroleum resources on the Norwegian Shelf. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-Rocksource ASA awarded 35% interest in North Sea block (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian oil exploration and production company Rocksource ASA said on Tuesday (30 January) that it has been awarded a 35% interest in the North Sea block 31/8, south of the Troll Field. The block will be operated by E.ON Ruhrgas Norge AS with Rocksource and Aker Exploration ASA completing the partnership. In addition to this award, Rocksource ASA still has joint licence applications from the APA 2006 under consideration by the Norwegian Ministry of Petroleum and Energy. Rocksource ASA is headquartered in Oslo, Norway. The company is listed on the Oslo Stock Exchange and traded under the ticker RGT. ((Comments on this story may be sent to tww.feedback@m2.com))


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are expected to open modestly higher Tuesday, following Mondays strength in the technology sector, says Martin Slaney of GFT Global Markets. Investors will closely watch the consumer confidence figure, to be released at 1500 GMT, which is expected "to set the tone for the days trading, followed by earnings from blue chips," Slaney said. However, he says volumes may still be light ahead of Wednesdays Federal Reserve decision on interest rates. A number of companies are due to report earnings Tuesday, including 3M, Pepsi, and U.S. Airways before the open; Proctor & Gamble, Merck, Colgate-Palmolive during the day; and Allstate and Juniper Networks after the close. CMC Markets is calling the the Dow Jones Industrial Average to open up 10 points at 12,500, the Nasdaq 100 to open 1.7 points higher at 1776.8 and the S&P 500 up 0.7 points at 1421.3. EUROPEAN MARKETS: European stocks are trading flat to slightly lower midday Tuesday with market participants on the sidelines ahead of Wednesdays key U.S. interest rate decision. In London, the FTSE 100 is down 0.3% at 6221, with miners leading the decline after Kazakhmys disappointed the market with its latest fourth-quarter production update. In Frankfurt, the DAX 30 index is flat at 6726, as trading lacks focus, traders say. Trading in Asia and Wall Street was seen as neutral, says a trader adding that markets are treading water until the outcome of Wednesdays Federal Reserve meeting. In Paris, the CAC 40 is down 0.2% at 5609. Bunds and gilts tick higher, holding on to early gains after CPI data for three German states came in slightly better than expected. The March bund future is up 0.02 at 114.76, while the March gilt future trades up 0.1 at 106.13. In the currency markets, the dollar is trading mixed in Europe as the market anticipates what should be relatively strong U.S. economic data later this week. At 1125 GMT, the dollar had ticked up to Y121.85 from Y121.75 late Monday in New York. Elsewhere, the euro was unchanged at $1.2955, and the pound was up at $1.9645 from $1.9605. =========================== TOP STORIES: UK DEC MORTGAGE LENDING HIGHEST ON RECORD: Secured lending in the U.K. grew to the highest level on record in December as consumers borrowed GBP10.580 billion to purchase property, the Bank of England said. (Data Snap by Ilona Billington) VEOLIA FY REV +12%; CONFIRMS GUIDANCE: Water-and-waste management company Veolia Environnement SA (VE) reported a 11.9% jump in revenue for 2006 fueled by new contracts and acquisitions, and confirmed its profit target for the full year. (By Anne-Sylvaine Chassany) IMPERIAL TOBACCO 1Q TRADING MEETS MGMT HOPES: Imperial Tobacco Group PLC (ITY) said that its first-quarter trading performance was in line with its expectations, with strong trading in the U.K. offsetting the continued weakness of the German market. ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: The chances of an early reprieve for the yen are looking pretty low. (By Nicholas Hastings) =ASSET CLASS: One of the scary monsters looming over financial markets, like Godzilla risen from Tokyo harbor, is the yen carry trade. (By Alan Mattich) =========================== STILL TO COME ET/GMT COUNTRY PERIOD 0730/1230 UK Feb CML Market Commentary 0745/1245 US Jan 27 ICSC Chain Store Sales 0855/1355 US Jan 27 Redbook Retail Sales Index 0900/1400 EU ECB gold, forex reserves 0930/1430 EU ECB calls for bids on long-term refi ops 1000/1500 US Jan Conference Board Consumer Confidence Index 1145/1645 US Pres Bush speaks on the economy during Caterpillar event in Illinois 1700/2200 US Jan 28 ABC/Washington Post Consumer Confidence Index 1830/2330 JPN Jan Japan Nomura/JMMA PMI Mfg N/A N/A UK NIESR quarterly review of UK and World economies N/A N/A UK RICS Commercial Market Survey N/A N/A US Two-day FOMC meeting begins =========================== OTHER NEWS: Icelands Kaupthing Bank Hf. (KAUP.IC) posted a 22% rise in fourth-quarter net profit on good trading conditions and strong net interest income. (By Jenny Clevstrom) Retailer Woolworths PLC (WLW.LN) said its entertainment unit EUK had won a contract to supply Virgin Retail Ltd. with DVDs, music and games, which will raise its turnover to more than GBP1.2 billion a year. (By Anita Likus) Germanys Munich Re AG (MUV2.XE), the worlds second largest reinsurer by gross premiums, said it is "satisfied with the outcome" of the reinsurance contracts that were renewed Jan. 1. (By Ulrike Dauer) U.K. house prices continued to rise in January, but at the slowest pace in eight months, which suggests that the U.K. housing market is beginning to cool following three Bank of England interest rate rises in five months, the Nationwide Building Society said. (Data Snap by Ilona Billington) Technology conglomerate OC Oerlikon Corp AG (OERL.VX) reported a big jump in full year sales, lifted by the acquisition of Saurer AG (SAUN.EB) in the fall. (By Hans Schoemaker) BAA PLC, the U.K. airports operator controlled by Spains Grupo Ferrovial SA (FER.MC), unveiled plans to develop a less costly second runway at Londons Stansted airport than originally planned. (By Rod Stone) Consumer-price inflation rose in much of the developed world during December as year-on-year energy price rises picked up, data from the Organization for Economic Cooperation and Development showed. (By Paul Hannon) French oil major Total SA (TOT) said it made three new gas discoveries, after three successful exploration wells Ton Chan-1X, Tin Chan-2X and Ton Rang-2X were drilled on Blocks 15 and 16 in the Gulf of Thailand, operated by PTT Exploration & Production PCL (PTTEP.TH), the national Thai oil company. (By Geraldine Amiel) Consumer prices in the west German state of North-Rhine Westphalia fell in January from December, due to lower prices for tourism services and cheaper heating oil, data released by the state statistics office showed. (Data Snap by Roman Kessler) Consumer prices in the west German state of Hesse were flat in January from December, owing to a sharp drop in costs for accommodation services. (Data Snap by Michelle Schmitz) Consumer prices in the east German state of Brandenburg fell in January from December as seasonal price cuts for package tours and holiday homes offset higher costs resulting from the German governments increase in value-added tax from the beginning of the year. (Data Snap by Michelle Schmitz) Consumer prices in the east German state of Saxony were virtually unchanged in January from December as seasonal price cuts balanced markups for services and transport. (Data Snap by Roman Kessler)


 

Nordic Business Report-January 30, 2007-Anoto Group AB enters into licensing agreement in the US (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish high-tech company Anoto Group AB (formerly C Technologies) said on Tuesday (30 January) that it has entered into a licensing agreement with a new pen partner headed by Jim Marggraff, former CEO of Anoto Inc, in Oakland, US. The company, funded by a Silicon Valley venture capitalist, will develop a new pen platform for the consumer market with technology licensed from Anoto Group AB. The company will pay Anoto Group AB USD3.5m for access to the Anoto technology. Of this, USD1.0m will be paid upon signing of the contract and the remaining amount will be paid in 2008. Anoto will also receive royalties based on net sales. The signing of the contract means that Anoto Group AB will no longer be liable for the earlier announced costs for closing down its operation in Oakland. 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 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-Arbitration tribunal rules in favour of Telenor in nomination case (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian telecomms group Telenor ASA said on Tuesday (30 January) that an arbitration tribunal in Geneva, Switzerland has ruled that Alfa cannot nominate more than four candidates for election to the VimpelCom board. The tribunal has upheld the validity of the VimpelCom shareholders agreement. According to Telenor, Alfa violated this agreement in 2005 and 2006 by nominating more candidates for election to the VimpelCom board than it was entitled to. The arbitration tribunal also upheld Telenors right under the agreement to nominate five candidates for election the VimpelCom board. The tribunal will maintain its jurisdiction over the nomination and election process through the 2007 AGM and issue a final award following the 2007 AGM, Telenor said. Telenor spokesperson Dag Melgaard said the company was pleased with the outcome of the arbitration, and added: "Our objective in bringing this arbitration has been to force Alfa to comply with the VimpelCom shareholders agreement." Telenor commenced arbitration proceedings against Alfa Group affiliates Eco Telecom, CTF Holdings and Eco Holdings in November 2005 in connection with Eco Telecom allegedly nominating more candidates for election to the VimpelCom board than it was entitled to nominate under the shareholders agreement. Telenor is one of the worlds largest mobile operators with nearly 83m subscribers in 12 countries. The group is also the largest provider of television services in the Nordic region. Telenor has some 27,600 employees and annual revenues of nearly NOK70bn. Telenor is listed on Oslo Stock Exchange under the ticker TEL and on Nasdaq under the ticker TELN. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-Saab to deliver two Saab 2000 aircraft in the US (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish defence and aerospace group Saab said on Tuesday (30 January) that Ginn Development Company, a US-based real estate development and management firm, is preparing to take delivery of two Saab 2000 aircraft. Ginn Development ordered these two 50-seat, high-speed turboprop aircraft in the fourth quarter of 2006 for diverse roles within Ginns existing corporate flight department. The Saabs will be utilised primarily to fulfil the travel requirements of NASCARs Ginn Racing but will also handle some of the unique transportation requirements of Ginn Development Company, Saab said. No financial information was provided. Saab Aircraft Leasing manages a portfolio of about 200 Saab 340 and Saab 2000 aircraft leased to 25 airlines around the world. Its head office is in Washington, DC and it also has regional offices in Stockholm, Sweden and Tokyo, Japan. Saab, headquartered in Linkoping in Sweden, is a high-tech company active within defence, aviation and space. The company has over 12,800 employees and annual sales of SEK19.31bn. Saab is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-TeliaSonera Sweden offers 8 free television channels (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish-Finnish telecomms operator TeliaSonera AB said on Tuesday (30 January) that its Swedish subsidiary TeliaSonera Sweden (Telia) is offering its subscribers eight free television channels. Customers are also being given the opportunity to surf directly on the Internet via their television. The offer is valid for new and existing customers who have broadband and fixed telephone subscriptions with Telia. Approximately 2.5 million Swedish households can currently take advantage of this offer. Telias digital television service, Telia Digital-tv, is provided via broadband in which television signals are broadcast through the ordinary telephone jack. TeliaSonera has 28,175 employees and reported net sales of SEK87.7bn in 2005. The company is listed on the Nordic Exchange in Stockholm and Helsinki. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

(IFN) Kaupthing shares +3.2% SEK96.50 on "very strong numbers across all lines," says Per K Lofgren at Morgan Stanley.Lofgren says Kaupthing is "very well positioned," on the corporate and capital market side going forward and adds that bank has decreased its risk exposure by lowering the proportion of revenue from trading gains.The increased costs at the bank are related to increased activity at the bank, he says.Rates share equalweight at SEK94.


 

Nordic Business Report-January 30, 2007-AKER Kvaerner ASA subsidiary wins contracts for Longview project in the US (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian engineering, construction and technology group Aker Kvaerner ASA said on Tuesday (30 January) that Longview Power LLC, a subsidiary of GenPower Holdings L.P., has awarded Aker Kvaerner Songer Inc and Siemens Power Generation Inc, acting as a consortium, a series of contracts for engineering, supply of equipment and construction. The contracts cover the Longview project, a supercritical pulverised coal-fired generating facility in Monongalia County, West Virginia. Foster Wheeler North America Corporation will supply the boiler, Aker Kvaerner said. The consortium contracts have a total combined value of approximately USD1.3bn, with Aker Kvaerners individual contract valued at approximately USD654m. The Longview project site, located within 50 miles of Aker Kvaerner Songers Canonsburg campus, will reportedly be one of the largest investments in the history of West Virginia. GenPower Holdings, the parent company of Longview Power LLC, is a newly established joint venture between GenPower LLC and First Reserve Corporation. GenPower LLC specialises in the development of electric generation plants, while First Reserve is a private equity firm specialising in the energy industry. Aker Kvaerner Songer Inc provides construction, maintenance and renovation services to the North American industrial sector. Aker Kvaerner, headquartered in Lysaker in Norway, has 23,000 employees in over 30 countries. The company is 40.1%-owned by Norwegian industrial holding group Aker Group. Aker Kvaerner is listed on the Oslo Stock Exchange and traded under the symbol AKVER. One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-Carcotec Corporation reports operating profit of EUR221.7m for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish cargo-handling solutions provider Cargotec Corporation reported on Tuesday (30 January) an operating profit of EUR221.7m on net sales of EUR2.60bn for the financial year 2006. Both operating profit and net sales for the 12-month period increased, respectively from EUR179.4m and EUR2.36bn, as compared to 2005. Operating profit for the fourth quarter of 2006 amounted to EUR57.7m on net sales of EUR697m. Earnings per share (EPS) for the full year 2006 were EUR2.57, up from EUR2.11 in 2005. The board of directors will propose a dividend of EUR0.99 per Class A share and EUR1.00 per Class B share. Cargotec said that its market outlook for 2007 is positive. Operating income from operations in 2007 is expected to continue to increase although the operating margin development will be slightly affected by planned investments in future growth. Cargotec Corporation provides cargo handling solutions which are used in local transportation, terminals, ports, distribution centres and ships. In 2005 Cargotecs net sales exceeded EUR2.3bn and the company employs some 8,000 people in more than 160 countries. Cargotec 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-January 30, 2007-PetroMena ASA completes private placement (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian drilling rig company Petrolia Drilling ASA said on Tuesday (30 January) that its 43.5%-owned associated company PetroMena AS has completed a private placement of 65,000,000 new shares at a subscription price of NOK5.10 per share. This corresponds to a share capital increase of 19.2%. The placement enables PetroMena to pay the first instalment to yard (15%) and to fulfil obligations in the bond loan of NOK1.6bn to be used for the next instalments on PetroMenas third semi-submersible drilling rig. Petrolia Drilling ASA has been allocated 29,900,000 shares in the PetroMena private placement, corresponding to an allocation of NOK152.5m. Petrolia Drilling ASA will slightly increase its exposure to PetroMena AS from 43.4% to 43.8%. Petrolia Drilling, headquartered in Oslo, Norway, owns and charters drilling vessels for offshore, deepwater oil and gas exploration and development drilling. The company is listed on the Oslo Stock Exchange and traded under the ticker PDR. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-SWECO to develop GIS-based solution for Swedish Forest Agency (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish consulting group SWECO said on Tuesday (30 January) that its subsidiary SWECO Position has been chosen by the Swedish Forest Agency to develop a GIS-based solution to streamline work processes connected to forest replanting. The contract is worth around EUR331,000 and is scheduled for completion at the end of 2007. The primary objectives are to shorten the processing time for the approximately 50,000 cases of forest replanting every year and to raise the quality of decision data for the 700 forestry consultants in the Swedish Forest Agencys 43 districts throughout Sweden. SWECO Positions task is to develop a web-based GIS client that uses a map interface to show the locations of forest owner felling applications in the case handling system. 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. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

(IFN) Kaupthings 4Q net profit shows "very strong numbers," says Kim Bergoe, an analyst at Fox-Pitt, Kelton.Numbers are "strong in all lines," on good trading conditions, says Bergoe, adding this doesnt necessarily mean raised outlook estimates, but notes Kaupthing also shows strong net interest income and commission income.Costs are a bit higher than expected, says Bergoe, but adds this is natural as the bank beat estimates on the income side. Says the strategy of being an investment bank works well, but makes estimates harder.Rates at outperform, with a price target of SEK97.


 

Nordic Business Report-January 30, 2007-Birdstep Technology ASA signs long-term contract with WirelessG in South Africa (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian software company Birdstep Technology ASA said on Tuesday (30 January) that it has signed a long-term contract with the new customer WirelessG, covering South Africa. The contract includes platform licences, a complete range of development tools, software training and maintenance. The deal will allow WirelessG to develop custom mobile data solutions for the South African market based on Birdsteps Connectivity platform. The value of the order was not disclosed. Birdstep Technology, headquartered in Oslo, Norway, develops connectivity and mobility client software and embedded database technologies. The company is listed on the Oslo Stock Exchange and traded under the ticker BIRD. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-Cargotec Corporation to acquire its Australian importer (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish cargo-handling solutions provider Cargotec Corporation said on Tuesday (30 January) that its Hiab business area has made an agreement to acquire the majority of its Australian importer BG Crane Pty Ltd, a leading distributor and service provider for load handling customers in Australia. Hiab previously owned 30% of BG Crane, the company said. The parties have agreed not to disclose the transaction value. BG Crane company employs some 100 people in its six branches in Australia and had net sales of approximately EUR20m in 2006. Cargotec Corporation provides cargo handling solutions which are used in local transportation, terminals, ports, distribution centres and ships. In 2005 Cargotecs net sales exceeded EUR2.3bn and the company employs some 8,000 people in more than 160 countries. Cargotec 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-January 30, 2007-EDB Business Partner ASA signs outsourcing agreement with Telenor Sverige ASA (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian IT group EDB Business Partner ASA said on Thursday (30 January) that it has agreed a letter of intent with Telenor Sverige AB for the supply of IT operating services. Under the contract EDB would take over the responsibility for Telenor Mobiles IT operations department in Karlskrona, Sweden. The agreement provides for EDB to take over between 25 and 30 Telenor employees involved in this activity. The five-year contract is valued at around NOK300m. EDB plans to establish a dedicated centre of expertise in Karlskrona for the Nordic telecommunications industry that will be responsible for delivery to Telenor Mobile. In total the agreement comprises operating services for more than 400 servers and over 100 applications, as well as data storage and back-up solutions. The agreement with Telenor Sverige AB is one of the largest outsourcing contracts seen in the Swedish market over the last 12 months, the company said. EDB Business Partner, headquartered in Oslo, Norway, is a Nordic IT group with 3,900 employees and a turnover of NOK4.8bn. The company is listed on the Oslo Stock Exchange and traded under the ticker EDBASA. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-EDB Business Partner ASA to acquire 60% stake in Ukrainian IT company (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian IT group EDB Business Partner ASA said on Thursday (30 January) that it has entered into an agreement to acquire 60% of the Ukrainian IT company Infopulse Ukraine. Infopulse Ukraine was established in 1992 and currently has 300 employees. According to EDB the company reports good profitability, and its revenue grew by over 50% in 2006 to around NOK40m. Infopulse has customers in Germany, Switzerland, the United Kingdom, Belgium, France, the Netherlands, Sweden, Denmark and the US. EDB expects to pay approximately USD6.0m for this acquisition, of which USD2.5m will be payable when the purchase takes place. The total amount payable will depend on the companys earnings performance in the period to 2007 to 2009. EDB has also entered into a contract for an option to acquire the remaining 40% of the share capital of Infopulse. EDB Business Partner, headquartered in Oslo, Norway, is a Nordic IT group with 3,900 employees and a turnover of NOK4.8bn. The company is listed on the Oslo Stock Exchange and traded under the ticker EDBASA. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-M-real Corporation to sell 9% stake in Metsa-Botnia to Metsaliitto Group (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish forest industry group M-real Corporation, part of Metsaliitto Group, said on Tuesday (30 January) that it will sell 9% of Metsa-Botnias shares to Metsaliitto for EUR240m. At the same time the company has rejected the Finnish paper products company UPM-Kymmenes EUR500m offer for 15% of Metsa-Botnias shares. M-real said that it will book a gain of approximately EUR135m from the sale. 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 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-January 30, 2007-Poyry Plc wins contracts from German rail operator (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish consulting and engineering group Poyry Plc said on Monday (29 January) that its Infrastructure & Environment business group has been awarded two contracts by the German rail operator (DB ProjektBau GmbH) for services related to the improvement of Berlins railway network. The assignment comprises a technical review of the planning documents for three projects: the rail link to the Brandenburg international airport, the rebuild of the east railway junction, and the construction of a new tunnel for the urban railway line connecting the northern ring with Berlins main station. In addition Poyry has been commissioned to prepare and coordinate the agreements for intersections and affected utilities of third parties for these projects. The total value of the contracts is about EUR3m. 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-January 30, 2007-Revus Energy ASA wins 9 licences in APA 2006 licensing round (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian oil and gas exploration and production company Revus Energy ASA said on Tuesday (30 January) that it has been awarded nine licences, including two as operator, in the APA 2006 licensing round by the Norwegian Ministry of Petroleum and Energy. Seven of the licences are located in the North Sea and two are in the Haltenbanken area. After the APA 2006 award Revus has a total of 37 licences on the Norwegian Continental Shelf and is one of the largest acreage holders in the North Sea. Revuss net risked exploration resources will be increased by approximately 30%, from 230 to 300 million barrels of oil equivalents. Revus Energy is an independent Norwegian upstream exploration and production company listed on the Oslo Stock Exchange under the ticker REVUS. The companys business concept is to find opportunities for growth in mature areas of the Norwegian Continental Shelf, through a portfolio of fields in production, discovery and exploration projects. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 30, 2007-TietoEnator Corporation takes over Danish design centre (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish-Swedish IT group TietoEnator Corporation said on Tuesday (30 January) that it was taking over a Danish design centre in Aarhus from the Swedish telecomms solutions provider Ericsson. The design centre currently supplies IP software building blocks used in Ericsson products. The agreement takes effect on 1 February 2007 and all 86 employees are expected to join TietoEnator Telecom & Media. The new units net sales in 2007 are expected to amount to EUR10m. 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. TietoEnator is one of Europes largest IT groups with over 15,000 employees in more than 25 countries. The company is listed on the Nordic Exchange in Helsinki and Stockholm. 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) Icelandic Glitnir Banks fourth quarter net profit rose to ISK9.32 billion (EUR104.8 million), from ISK3.53 billion (EUR39.7 million) a year earlier, Glitnir said on Tuesday.The company said fourth quarter pretax profit was ISK11.6 billion against ISK4.9 billion, with net interest income at ISK8.4 billion versus ISK6.1 billion. "These results lay the foundations for continued growth with our strategy of combined success via targeted organic growth and acquisitions," Glitnirs chief executive, Bjarni Armannsson, said.Glitnir said that it sees 2007 as a time of adjustment in the Icelandic economy with the operating environment of financial companies likely to prove reasonably benevolent in the near term, improving further as the economy stabilizes and gains momentum.It said in Norway, the financial position of households and businesses is sound following years of sustained growth, unemployment is still receding and the disposable income of households has grown substantially in recent quarters.It added that financial companies therefore currently face a very favorable operating environment in Norway and are likely to continue to do so.


 

Reykjavik (IFN) Icelands Kaupthing Bank Hf. Tuesday posted a 22.3% rise in fourth-quarter net profit on strong net interest income.Icelands largest bank by market capitalization said fourth-quarter net profit came to ISK18.08 billion (USD262.5 million), up from ISK14.79 billion a year earlier. This was way ahead of the ISK13.22 billion average estimate by six analysts provided by the company.Net interest income at the Reykjavik-based bank jumped to ISK14.81 billion in the quarter from ISK9.53 billion the previous year.Kaupthings shares on the Stockholm exchange closed up SEK0.25, or 0.3%, to SEK93.50 Monday.


 

DJIA 12490.78 +3.76 +0.03% Nasdaq 2441.09 +5.60 +0.23% S&P 500 1420.62 -1.56 -0.11% FTSE 100 6239.90 +11.90 +0.19% Xetra DAX 6726.01 +35.67 +0.53% CAC40 5619.70 +37.40 +0.67% Above are closing prices Nikkei 225 17516.42 +45.96 +0.26% Hang Seng 20328.03 +91.35 +0.45% S&P/ASX 200 5812.50 +52.10 +0.90% Taiwan Index 7756.74 +4.95 +0.06% S.Korea Kospi 1368.82 +5.72 +0.42% Dow Future 12528.00 +3.00 0.00% NASDAQ Future 1786.50 -0.25 0.00% S&P Future 1426.25 0.00 0.00% Above are as of 0515 GMT USD/JPY 121.79-84 +0.06% Range 121.87 - 121.56 EUR/USD 1.2962-63 +0.05% Range 1.2970 - 1.2946 AUD/USD 0.7727-32 +0.14% Range 0.7737 - 0.7718 GBP/USD 1.9622-26 +0.09% Range 1.9644 - 1.9600 USD/CHF 1.2523-27 -0.06% Range 1.2538 1.2514 USD/JPY 1M Vol Option Contract 6.90%/7.30% EUR/USD 1M Vol Option Contract 5.95%/6.35% AUD/USD 1M Vol Option Contract 6.75%/6.85% GBP/USD 1M Vol Option Contract 6.60%/6.90% USD/CHF 1M Vol Option Contract 6.35%/6.60% Above are as of 0550 GMT vs NY close 2Y Tsy 99 25/32 -1/32 4.99% +1.2 BP 5Y Tsy 99 13/32 -2/32 4.88% +1.3 BP 10Y Tsy 97 29/32 -3/32 4.89% +1.5 BP 10Y JGB 1.7100% unchanged Closing Treasury prices vs prior NY close; JGB as of 0550 GMT Asian Spot Gold $642.70 +$0.10 +0.01% Comex Gold $642.10 -$1.10 -0.2% Brent Crude Oil $53.76 +$0.08 +0.1% Above are as of 0550 GMT vs NY close EUROPEAN OUTLOOK & US/ASIAN SUMMARIES European equities are set for a weaker open following Wall Streets selloff Monday coupled with the looming U.S. Federal Reserve meeting. Government debt and the euro start the session a touch higher and metals edged into positive territory in Asian trading. STOCKS: Caution is likely to prevail in most European markets as concerns over U.S. interest rates ahead of the two-day Fed meeting weigh on sentiment. U.K. spreadbettor CMC Markets is calling the FTSE down 7 points at 6233, the DAX down 17 at 6709 and the CAC down 10 at 5610. Wall Street stocks barely budged Monday, ending narrowly mixed after yields on the 30-year Treasury note briefly hit 5 percent and investors grew skittish a day ahead of the Feds first meeting of the year. Merger and acquisition news gave a boost to stocks for much of the session before the 30-year yield moved higher. Merrill Lynch agreed to acquire wealth manager First Republic Bank for $1.8 billion in cash and stock and Citigroup . struck an agreement to buy British insurer Prudentials Egg online bank for about $1.13 billion. "The market really cant find any direction," said Todd Leone, managing director of equity trading at Cowen & Co., describing recent sessions as "rudderless" ahead of the Fed meeting. Denis Amato, chief investment officer at Ancora Advisors, said "I think (the market) still needs to come to terms with the fact the Fed is probably not going to drop interest rates anytime soon." Japanese stocks edged higher Tuesday, led by airlines and steel issues, as players awaited further earnings results from major companies. Australias market was modestly higher with a boost from takeover activity. In the news, The New York Stock Exchange and Tokyo Stock Exchange are expected to announce an alliance as early as Tuesday, according to the Associated Press. FOREX: The euro starts the European session slightly higher against the yen and dollar, but the gains may be temporary. "We expect the dollar to stay on the front-foot for now," said Steve Barrow, chief currency strategist at Bear Sterns. "Eurodollar should continue to push down towards the low $1.20s, (and) dollar-yen should head for Y125." On Monday in New York, the dollar slipped slightly amid increased chatter around yen weakness ahead of the meeting of the G7 leading industrial nations but recovered enough to finish higher against the Japanese currency European finance ministers opened their monthly meeting Monday expressing concern about the weakness of the yen, signaling that the topic is on the forefront of many officials minds. They also gave an upbeat assessment of the global economy, saying they predict stronger-than-expected growth in the euro zone and a "soft landing" for the U.S. economy. BONDS: Prices of European government bonds are likely to start the session in narrow ranges, having edged lower Monday as hawkish comments from European Central Bank officials weighed on fixed-income market. In contrast to the euro zone, where more tightening appears likely, investors are still mulling over the future rate outlook in the U.S., according to market observers. "In light of recent strong economic data more analysts have joined the camp of those believing the Fed has to resume its tightening cycle at some point in the future...but therere still enough people in the market who think a cut will come later this year," said Stefan Schilbe, fixed-income strategist at HSBC Trinkhaus & Burkhardt. "In the euro zone the direction is clear: rates will go up further," Schilbe said. Tuesday will bring preliminary January CPI numbers for Germany, expected to give first indications of what effect the rise in value-added tax has had on German inflation, analysts said. "Our economists think the impact will be fairly muted which, along with a fall in energy prices, should leave the German CPI unchanged in January," fixed-income strategists at Credit Suisse wrote in a research note. In contrast, economists polled by Dow Jones last week expect the monthly change to be 0.2%, on average, and the annual one 2.0%. New supply from Italy could also weigh. The Bank of England is likely to raise rates once more in the second quarter, which would mean U.K. consumer price inflation should fall near the banks target of 2% by late 2007, the National Institute of Economic and Social Research said Tuesday. U.S. Treasury prices ended Mondays session slightly lower, as the market bided its time before being slammed with a heavy week of economic data and the outcome of a Federal Reserve meeting. "I think people find value in Treasurys in these levels after the selloff," said Carl Lantz, fixed-income strategist at Credit Suisse in New York. "People are taking a shot at owning the market here." Prices of Japans government debt rose after a successful 2-year auction, which got a boost on short-covering by investors who now doubt the Bank of Japan will raise rates soon. ENERGY: Nymex crude was little changed Tuesday at around $54.03, and energy analyst Victor Shum predicted prices in the near term would remain in the range of $50 to $56 a barrel. "The larger than usual fluctuations in a day of trading are reflective of the conflicting signals in the market," said Shum, with Purvin & Gertz in Singapore. "The market is seeking direction." On Monday, crude oil futures fell sharply after Saudi Arabias ambassador to the U.S. said current crude prices are "adequate to meet the requirements of producing and consuming countries." And forecasts call for builds in gasoline and crude oil inventories in closely watched U.S. government data due Wednesday. "The Saudi comments likely deflated some of the bulls hopes that the Saudis would cut more production," said Kyle Cooper, director of research at IAF Advisors in Houston. "Preliminary expectations for the inventory data is on the bearish side too." Nymex March crude settled $1.41, or 2.5%, lower at $54.01 a barrel Monday. Brent crude on the ICE futures exchange fell $1.61 to $53.68 a barrel. METALS: Spot gold traded up 10 cents to $642.70, in quiet activity in Asia as traders kept their "eyes firmly on the Federal Reserve statement" due Wednesday, a Hong Kong trader said. Gold may be able to shrug off U.S. data due later this week, which is expected to push the dollar higher, another trader said. The metal has been trading "more independently" of oil and the dollar recently, which the trader said is due to strong fundamental demand. Investors are betting on a deterioration in the Middle East, involving Iran, the trader added. LME 3-month copper was last at $5,610/ton, up $25 on the London PM kerb, regaining the $5,600 level after earlier falling sharply, according to a trader in Japan, although the market could seek to test support at $5,500 before a try at $5,700 resistance, the trader added. (MORE TO FOLLOW) Dow Jones Newswires January 30, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 30 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Stocks Lower As Fed Looms -2- CALENDAR: GMT Expected Previous 0700 UK Jan Nationwide Housing Review +0.8%MM +1.2%MM +9.7%YY +10.5%YY 0745 FRA Jan Quarterly Business Survey (goods- producing industries) 0745 FRA Dec Housing Starts 0910 EU Jan Bloomberg Eurozone Retail PMI 0930 UK Dec Lending to Individuals 0930 UK Jan Monetary & Financial Statistics 0930 UK Dec BoE Mortgage Approvals 125.5K 129K 0930 UK Dec BoE Consumer Lending +GBP10.3B GBP+10.8B 0930 UK Dec BoE Mortgage Lending +GBP9.3B +GBP9.8B 0930 UK Dec BoE Consumer Credit +GBP1.0B +GBP1.0B 1015 EU ECB allocates bids on main refi ops 1100 FRA Dec OECD CPI 1230 UK Feb CML Market Commentary 1245 US Jan 27 ICSC Chain Store Sales +0.1% 1355 US Jan 27 Redbook Retail Sales Index +1.6% 1400 EU ECB gold, forex reserves 1430 EU ECB calls for bids on long-term refi ops 1500 US Jan Conference Board Consumer Confidence 110.0 109.0 Index 1645 US Pres Bush speaks on the economy during Caterpillar event in Illinois 2200 US Jan 28 ABC/Washington Post Consumer Confidence -3 Index 2330 JPN Jan Japan Nomura/JMMA PMI Mfg N/A UK NIESR quarterly review of UK and World economies N/A UK RICS Commercial Market Survey N/A US Two-day FOMC meeting begins N/A GER Jan CPI, prelim +0.2%MM +0.8%MM +2.0%YY +1.4%YY N/A ITA Treasury 10-yr Bonds (BTP) Auction N/A ITA Treasury 7-yr Bonds (CCT) Auction -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com (MORE TO FOLLOW) Dow Jones Newswires January 30, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 30 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Banco Comercial Portugues (BCP.LB): FY Earnings Average net profit (DJ, 3 analysts): EUR772.9M (EUR753.5M) Average net interest income: EUR1.4B (EUR1.4B) Note: Analysts expect strong 4Q revenues, mainly fees and trading, to offset higher costs. Focus will be on any updates on the EUR4.3B bid for Banco Portugues de Investimento (BPI.LB). Bulgari (BUL.MI): 4Q & FY Sales Average 4Q sales (DJ, 7 analysts): EUR333.6M (EUR311.4M) Average FY sales: EUR1.02B (EUR919M) Note: Against a tough comparison period, revenue growth in jewelry and watches is likely to be outshone by that in perfumes and accessories, which should be boosted by new product and development of accessories-only stores. Full-year revenue seen growing 10%. Key points to look for include any update on guidance for 06 earnings, considered by many analysts to be cautious, and for 07 profits. Also of interest would be any update on plans for accessories-only stores and skincare products, while any forecasts for Japan, a key market for Bulgari, would also grab the eye. Numbers due after the close Tuesday. Hypo Real Estate (HRX.XE): 4Q Earnings Average pretax profit (DJ, analysts): EUR148M (EUR115M) Average operating revenue: EUR274M (EUR241M) Forecast pretax profit range: EUR550M - EUR560M Note: Operating revenues growth was driven by a larger loan growth portfolio, benefitting net interest income. Moreover increased activity in the public finance segment is expected to boost trading income. Loan loss provisions are seen +2.7% at EUR38M from EUR37M last year and administrative expenses are likely to be flat from the year earlier at EUR88M from EUR89M. Analysts say the group should reach its FY targets of pretax profit, and operating revenues of over EUR1B. Kaupthing Bank (KAUP.IC): 4Q Earnings Average net profit (Co, 6 analysts): ISK13.22B (ISK14.79B) Forecast range: ISK11.65B - ISK15.28B Average operating profit: ISK32.66B (ISK32.55B) Note: 4Q operating profit is seen at +0.3% from a year earlier. Glitnir says focus is on 4Q commission and fee income, which it sees higher than in 3Q on unbooked advisory services. Sees net interest income flat from 3Q on low Icelandic inflation. Sees trading gains down from 3Q on extraordinary gains in the previous quarter. OC Oerlikon (OERL.VX): 4Q Sales Average sales (DJ, 3 analysts): CHF1.13B (CHF495M) Average orders: CHF1.38B (CHF368M) Note: Analysts points to a more than doubling of sales and orders. Although many investors will look for hints of which company is next on Oerlikons list of possible acquisitions, one analyst warns "we shouldnt forget about development of the existing business. SBM Offshore (36061.AE): FY Earnings Average net profit (DJ, 3 analysts): $207M ($222M) Note: SBM booked a $78M book gain on the sale of the FPSO Serpentina. SBM Offshore itself forecasted a $200M net profit for 06 in August last year. Sales are seen up 11%, driven by the robust increase in investments by oil companies. Analysts will be watching for any news of new contracts. SCA (SCA-B.SK): 4Q Earnings Average net profit (SME Direkt, 14 analysts): SEK1.39B (SEK1.18B) Average operating profit: SEK2.28B (SEK1.98B) Average sales: SEK25.44B (SEK25.14B) Note: The improvement in net profit is expected to come from better margins following price hikes at its packaging operations. 4Q sales are seen rising 1.2%, while the operating profit is expected to rise by 15%. Focus will be on price developments of energy, pulp and raw material prices, as well as the companys efforts to raise prices. SKF (SKF-B.SK): 4Q Earnings Average net profit (SME Direkt, 18 analysts): SEK1.108B (SEK844M) Average sales: SEK13.132B (SEK12.648B) Note: Investors to eye proposal for dividend and other possible distribution of money to shareholders. On average analysts expect SKF to propose an ordinary dividend of SEK4.61 per share and an extraordinary dividend of SEK9.29 per share. TPSA (TPS.WA): FY Earnings Average net profit (DJ, 5 analysts): PLN490M (PLN512M) Average EBIT: PLN793M (PLN612M) Average sales: PLN4.72B (PLN4.69B) Note: EBIT is +30% as robust growth in mobile business more than offset weaker performance of the fixed-line segment. The expected rise in revenues is in line with company guidance, which makes EBIT a key figure. However analysts remain uncertain about potential level of 4Q provisioning for workforce reduction costs and regulatory fines. The market will be watching closely for a likely announcement on dividend for 06. Veolia (VE): FY Sales Average sales (DJ, 5 analysts): EUR28.473B (EUR25.245B) Note: There should be an acceleration of growth in waste management, seen to fuel like-for-like growth of about 10%. 4Q should have experienced a slowdown in energy services on a warm weather, Societe Generale analyst John Honore says. Vivendi (12777.FR): 4Q Sales Average sales (DJ, 10 analysts): EUR5.650B (EUR5.479B) Note: Analysts expect growth to be led by revenue performance in Canal+, videogames, and Maroc Telecom, but are split on whether Vivendis two largest contributors, SFR and Universal Music, will report a rise or a drop in revenue. The company is also expected to maintain full-year guidance of an adjusted net profit of EUR2.6B, a 16% increase. Data due after market close. (MORE TO FOLLOW) Dow Jones Newswires January 30, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 30 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events -2- OTHER SCHEDULED EVENTS: Arbonia Forster Holding (AFG.EB): FY Revenue Bossard Holding (BOS.EB): FY Earnings Business et Decision (7895.FR): FY Revenue Cargotec (CGCBV.HE): FY Earnings Carpetright (CPR.LN): Trading Update Corus (CS.LN): Tata Bid Deadline Deutsche Beteiligungs (DBA.XE): FY Earnings Dobbies Garden Centre (DGC.LN): FY Earnings Doro (DORO.SK): 4Q Earnings EDB Business Partner (EDBASA.OS): 4Q & FY Earnings Emak (EM.MI): FY Earnings F&C Capital & Income Inv Tst (FCI.LN): AGM Fornix Biosciences (43999.AE): FY Earnings F-Secure Corp (FSC1V.HE): FY Earnings Future (FUTR.LN): AGM Galenica (GALN.EB): FY Revenue Groupe Open (405030.FR): FY Revenue Groupe Silicomp (6379.FR): FY Revenue Guillemot Corporation (6672.FR): Q4 Revenue GW Pharmaceuticals (GWP.LN): FY Earnings Home Properties (HOPR.SK): FY Earnings Hotels De Paris (416580.FR): 4Q Revenue Imperial Tobacco Group (IMT.LN): AGM iSoft Group (IOT.LN): Trading Update JC Decaux (7791.FR): FY Revenue Kazakhmys (KAZ.LN): Trading Update Kensington Group (KGN.LN): FY Earnings Komplett (KOM.OS): 4Q Earnings Land & Leisure (LL-B.KO): AGM Lexmark International Inc (LXK): 4Q Earnings London Scottish Bank (LSB.LN): FY Earnings Luxor (LRL.V): AGM Modul 1 Data (MOD1.SK): FY Earnings MSB International (MSBF): Trading Update New Clicks Holdings (NCL.JO): AGM Nexity (1011252.FR): FY Revenue Norsk Vekst Forvaltning (NVF.OS): 4Q Earnings Orpea (18479.FR): 4Q Revenue Pan Fish (PAN.OS): EGM Porvair (PRV.LN): FY Earnings PZ Cussons (PZC.LN): 1H Earnings Seche Environnement (3910.FR): 4Q Revenue Sodexho Alliance (SDX): AGM Southern Cross Healthcare (SCHE.LN): AGM Standard Life European Private (SEP.LN): AGM Stedim (5326.FR): 4Q Revenue Surfcontrol (SRF.LN): 2Q Earnings Sydbank (SYDB.KO): FY Earnings Synergie (3265.FR): Q4 Revenue Teamlog (6496.FR): FY Revenue Teleste Corporation (TLT1V.HE): FY Earnings Tods Group (TOD.MI): FY Revenue TVN (TVN.WA): EGM Vectrane (1026228.FR): FY Earnings Wyeth (WYE): Q4 Earnings (MORE TO FOLLOW) Dow Jones Newswires January 30, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 30 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates Autoliv Inc (ALIV-SDB.SK): 1Q 2007 Ex-Dividend Date Banco Pastor (PAS.MC): 3Q 2006 Dividend Payment Date Beneteau (3516.FR): FY 2006 Dividend Payment Date Dairy Crest Group (DCG.LN): 1H 2006 Dividend Payment Date F&C Global Smaller Companies (FCS.LN): 1H 2006 Dividend Payment Date PSB Industries (6032.FR): 1H 2006 Dividend Payment Date Viscofan (VIS.MC): FY 2006 Dividend Payment Date Wincor-Nixdorf (WIN.XE): FY 2006 Ex-Dividend Payment Date (END) Dow Jones Newswires January 30, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.


 

30 January 2007 - Longview Power, LLC ("Longview"), a subsidiary of GenPower Holdings, L.P. has awarded Aker Kvaerner Songer, Inc. and Siemens Power Generation, Inc. acting as a consortium, a series of contracts for the engineering, supply of equipment and construction for the Longview project, a supercritical pulverized coal-fired generating facility in Monongalia County, West Virginia. Foster Wheeler North America Corporation will supply the boiler. The consortium contracts have a total combined value of approximately USD 1.3 billion with Aker Kvaerner's individual contract valued at approximately USD 654 million. The Longview project site, located within 50 miles of the Aker Kvaerner Songer's Canonsburg campus will be one of the largest investments in the history of West Virginia. The project is scheduled to begin February 2007 with a 48 month duration and will employ approximately 1500 craftworkers at its peak. According to GenPower, upon completion, the Longview project is expected to provide environmental benefits to its surrounding regions and is expected to be one of the cleanest and most efficient coal-fired plants in the U.S. The project will utilize the highly efficient super critical boiler design and the best available pollution control technology to minimize air emissions. In addition, the Longview project will use bituminus coal from Western Pennsylvania and West Virginia. It is planned to generate 695 net megawatts of electricity using a Siemens Steam Turbine and air quality control system. "We are pleased to be awarded this contract. The successful completion of similar projects by Aker Kvaerner demonstrates our execution capability," says Martinus Brandal, Aker Kvaerner ASA President & CEO. "The combined strength of this consortium will help make a significant contribution to both the power industry and to the environment." GenPower Holdings, the parent of Longview Power, LLC, is the newly established joint venture between GenPower, LLC and First Reserve Corporation. GenPower, LLC specializes in the development of electric generation plants and has also successfully developed over 1,800 megawatts of natural gas fired combined cycle electric generation facilities in the U.S. First Reserve is the oldest and largest private equity firm specializing in the energy industry. Since 1992, First Reserve has raised over USD 12.7 billion for its buyout-focused funds. ENDS For further information, please contact: Media: Donna Rougeaux, Manager OGPE Communications, Aker Kvaerner. Tel: +1 713 270 2407, Mob: +1 832 277 6955 Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542 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 Pat Bailey, Global Sourcing Champion, Aker Kvaerner Songer, Inc. Tel: +1 724 416-6765 Career opportunities: Jeanne Songer, Manager Human Resources, Aker Kvaerner Songer, Inc. Tel: +1 724 416 6836 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 and Power Generation. The Aker Kvaerner group is organised in 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 23 000 people in about 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 40.1 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry. Oil, Gas, Process & Energy. The Oil, Gas, Process & Energy business area of Aker Kvaerner executes technology development, facility services and engineering and construction services for industries as diverse as Oil & Gas Onshore and Offshore Developments, Chemicals & Polymers, and Mining & Metals. We deliver a full spectrum of capital development projects and life-cycle services through a portfolio of global businesses. With an annual turnover of US $1.3 billion, The Oil, Gas, Process & Energy (OGPE) business area of Aker Kvaerner employs more than 5,975 people operating worldwide. Aker Kvaerner Songer, Inc. provides a full range of construction, maintenance and renovation services to the North American industrial sector. Our services are characterised by the highest standards of safety, quality, teamwork, innovation and cooperation, thus enabling us to respond to the needs of our customers and deliver on-time and in-budget performance. Construction, maintenance and renovation services are provided to the power, steel, chemical, petro-chemical, and other industrial sectors in North America. In addition, Aker Kvaerner Songer, Inc. provides construction management and project planning services to the above sectors on an international basis. This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com


 

Royal DSM N.V. today announces that it has decided to build a DSM China Campus in the Zhangjiang Hi-Tech Park in the Pudong New Area of Shanghai (PRC). The China Campus will comprise both all Shanghai offices of the DSM (China) Ltd. Holding and several business groups and the R&D labs of DSM in China. The DSM China Campus will initially house about 400 people with the possibility to further expand the facilities in the future. The Campus will be built in the course of the next 18 months and will be ready by mid 2008. "Increased presence in emerging economies is a key platform of Vision 2010," said Jan Zuidam, Deputy Chairman of DSM's Managing Board of Directors. "For China our target is to double our sales to more than USD 1 billion by 2010. The decision for a completely new DSM China Campus shows DSM's ongoing commitment to China and our firm belief that China will contribute significantly to our Vision 2010 ambitions, including innovation." Presently, the DSM R&D facility in China is located at the Gonglu site in the northeast of Shanghai and the offices are distributed over three offices in two different downtown buildings. Concentrating these facilities and offices at one location will have economic and social benefits for the company and its employees. In its design and execution, the DSM China Campus will aim to achieve "Gold" certification within the LEED program. LEED stands for Leadership in Energy and Environmental Design. "This underlines the importance that DSM attaches to sustainable and responsible entrepreneurship. The new facility will also allow us to integrate much better with the fast growing innovation talent pools of China. We are proud to locate our China Campus at Zhangjiang, which has become the leading innovation hub in China for bio-technology, nutritional products and advanced materials. These are DSM's key future strategic growth areas," commented Stefan Sommer, President of DSM (China) Ltd. 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 on DSM can be found at www.dsm.com. For more information: DSM Corporate Communications DSM Investor Relations Nelleke Barning Dries Ausems tel. +31 (0) 45 tel. +31 (0) 45 5782864 5782017 fax +31 (0) 45 5782595 fax +31 (0) 45 e-mail 5740680 investor.relations@dsm.com e-mail media.relations@dsm.com


 

(Oslo, 30 January 2007) EDB Business Partner reports operating profit before intangible asset amortisation (EBITA) of NOK 159 million for the fourth quarter of 2006 as compared to NOK 138 million in the same quarter of 2005. Revenue grew by 25 percent to NOK 1,588 million in the fourth quarter of 2006. EDB's total revenue for 2006 was NOK 5,822 million as compared to NOK 4,858 million in 2005, equivalent to growth of 20 percent. "EDB's revenue and EBITA in the fourth quarter were both the highest ever, and 2006 was a good year for EDB. One in every four kroner of EDB's turnover is generated in Sweden, and I am particularly pleased to see a significant improvement in the profitability of the group's activities in Sweden over the course of 2006. EDB is delivering results in line with the strategy to be a leading Nordic IT services company, and we are well equipped for further profitable growth in the years to come", comments Endre Rangnes, CEO of EDB. Main figures for the fourth quarter of 2006 * Operating revenue was NOK 1,588 million as compared to NOK 1,269 million in the same quarter of 2005. This is equivalent to growth of 25 percent. * The group reported operating profit before intangible asset amortisation (EBITA) of NOK 159 million, as compared to NOK 138 million for the fourth quarter of 2005. * The group's EBITA margin was 10.0 percent for the quarter as compared to 10.9 percent for the same quarter of 2005. * Profit after tax was NOK 141 million as compared to NOK 88 million for the same quarter in 2005. NOK 49 million of the improvement in profit after tax relates to the capitalisation of deferred tax assets in Sweden as at 31 December 2006 and the related reduction in tax charge. * Earnings per share for the fourth quarter of 2006 before the increase in profit caused by capitalisation of deferred tax assets was NOK 1.01, as compared to NOK 0.92 for the fourth quarter of 2005, equivalent to an improvement of 10 percent. Earnings per share after deferred tax assets totalled NOK 1.55 for the fourth quarter of 2006 as a result of the capitalisation of deferred tax assets in Sweden. Main figures for full year 2006 * Operating revenues of NOK 5,822 million, equivalent to growth of 20 percent for the year. * The group reported operating profit before intangible asset amortisation (EBITA) of NOK 541 million for 2006 as compared to NOK 503 million for 2005. * EDB's activities in Sweden increased total revenues by 208 percent to NOK 1,338 million in 2006. * Cash from operations before non-recurring items increased by 20 percent to NOK 709 million. * The Board of Directors of EDB Business Partner will propose a dividend of NOK 1.10 per share. Business areas in the fourth quarter of 2006 IT Operations: The business area's revenue for the quarter exceeded NOK 1 billion for the first time ever. Operating revenue for the fourth quarter of 2006 was NOK 1,004 million, as compared to NOK 973 million in the same quarter of 2005. EBITA margin for the quarter was 9.2 percent as compared to 9.4 percent in the fourth quarter of 2005. Solutions: The Solutions business area reported operating revenue of NOK 319 million in the fourth quarter of 2006 as compared to NOK 316 million in the same quarter of 2005. EBITA margin for the fourth quarter was 14 percent, as compared to 20 percent in the fourth quarter of 2005. Application Services: The Application Services business area reported operating revenue of NOK 300 million in the fourth quarter of 2006 as compared to proforma revenue of NOK 245 million in the same quarter of 2005. This represents year-on-year organic growth of 22 percent for the activities that now make up Application Services. All the units in this business area reported double-digit organic growth in the fourth quarter. EBITA margin for the fourth quarter was 13 percent, as compared to proforma EBITA margin of 10.6 percent for the fourth quarter of 2005. Future prospects EDB expects to see good growth in the Nordic IT services market. EDB is following a growth strategy to strengthen the company's position as a Nordic supplier of IT services. The company is focusing in particular on taking steps to ensure that it develops the expertise of its staff and its cost competitiveness in line with or better than the market. In addition, EDB is well equipped to play an active role in the consolidation of the Nordic IT services sector. Please see the attached quarter report for more detailed accounting information. Any enquires may be addressed to: Endre Rangnes, CEO. Tel: + 47 22 77 21 01 Tore Valderhaug, EVP and CFO. Tel: + 47 995 60 925 Geir Remman, EVP, Corporate Communications. Tel: +47 970 55 017 The fourth quarter 2006 interim report, including tables and the presentation of the results, can be downloaded from the following links:


 

OctoPlus N.V. (Euronext: OCTO), the drug delivery and development company, announces today the commencement of a Phase IIa study with LocteronTM, its controlled release formulation of alfa interferon for treatment of chronic hepatitis C. The Phase IIa study is designed to evaluate Locteron in combination with the anti-viral drug ribavirin in previously untreated chronic hepatitis C patients. Recruitment of patients is ongoing and dosing has started. Locteron is designed to be a best-in-class therapeutic for patients with chronic hepatitis C, with the potential to induce less side effects, improve patient compliance and provide a more convenient once every two week dosing schedule compared with current therapies. Results from the Phase I study, which was completed in April last year, showed that Locteron is both safe and successful in producing a gradual release over two weeks of alfa interferon after a single injection. Locteron combines OctoPlus' proprietary PolyActive(TM) drug delivery technology with BLX-883, a recombinant alfa interferon produced by OctoPlus' co-development partner Biolex Therapeutics in its patented LEX SystemSM. Locteron is produced in OctoPlus' cGMP manufacturing facilities in Leiden, the Netherlands. Design of the Phase IIa study The Phase IIa study, known as SELECT-1 (Safety and Efficacy of Locteron: European Clinical Trial 1) is a European multi-center, randomized, open-label trial. SELECT-1 will evaluate a range of up to four doses of Locteron administered every two weeks in combination with ribavirin. A total of 32 treatment-naïve hepatitis C genotype I patients will receive this treatment during the 12 week study. The study will assess viral response, safety and tolerability of Locteron. Results from this study are expected mid-2007 and will be used to select the optimal dose range to be tested in a subsequent Phase IIb study. "The start of our lead product in its Phase IIa study is a major milestone for OctoPlus," says Joost Holthuis, CEO of OctoPlus. "We believe that Locteron has the potential to be the future treatment of choice for chronic hepatitis C, with less frequent administration and fewer side effects compared to currrent therapies." For further information, please contact: Rianne Roukema, Corporate Communications, +31(71)524 4044 About hepatitis C More than four million people in the United States, and more than 200 million people worldwide, are currently infected with hepatitis C. The standard treatment for patients with chronic hepatitis C is pegylated interferon alfa administered in combination with the anti-viral drug ribavirin. The currently available pegylated alfa interferon products require administration once per week for up to 48 weeks and are associated with substantial side effects, particularly during the period following each administration. Independent market research predicts that modified interferons will continue to be a key component of combination therapy for hepatitis C patients and is expected to be complementary with new agents under development. These sources estimate that total interferon sales for the treatment of hepatitis C will exceed $5 billion by 2014. About OctoPlus OctoPlus N.V. is a product-oriented biopharmaceutical company committed to the development of improved pharmaceutical products that are based on its proprietary drug delivery technologies and have fewer side effects, improved patient convenience and a better efficacy/safety balance than existing therapies. Rather than seeking to discover novel drug candidates through early stage research activities, OctoPlus focuses on the development of long-acting, controlled release versions of known protein therapeutics and other drugs. OctoPlus is also a leading provider of advanced drug formulation and clinical scale manufacturing services to the pharmaceutical and biotechnology industry, with a focus on difficult to formulate active pharmaceutical ingredients in injectable formulations. The earnings and expertise that OctoPlus derives from rendering formulation and manufacturing services help to support its own drug development programs. OctoPlus is listed on Euronext Amsterdam under the symbol OCTO. For more information about OctoPlus, please visit our website www.octoplus.nl. This document may contain certain forward-looking statements relating to the business, financial performance and results of OctoPlus N.V. and the industry in which it operates. These statements are based on OctoPlus N.V.'s current plans, estimates and projections, as well as its expectations of external conditions and events. In particular the words "expect", "anticipate", "predict", "estimate", "project", "plan", "may", "should", "would", "will", "intend", "believe" and similar expressions are intended to identify forward-looking statements. We caution investors that a number of important factors, and the inherent risks and uncertainties that such statements involve, could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements. In the event of any inconsistency between an English version and a Dutch version of this document, the English version will prevail over the Dutch version.


 

Cargotec Corporation, Press Release, January 30, 2007 at 8:30 a.m. Finnish time Hiab, the business area providing load handling solutions within Cargotec, has made an agreement to acquire the majority of its Australian importer BG Crane Pty. Ltd., a leading distributor and service provider for load handling customers in Australia. Hiab owned previously 30 percent of BG Crane. The parties have agreed not to disclose the transaction value. The current main owner, Bob Davis, continues as Managing Director. BG Crane has a strong customer base in the on-road load handling and related installation and service businesses. The company distributes Hiab's products as well as other products. The company employs some 100 people in its six branches in Australia and had net sales of approximately EUR 20 million in 2006. "BG Crane has been a strong partner for Hiab in Australia for many years. This acquisition supports our strategy of being close to our customers all around the world offering both equipment and related services. It significantly strengthens our position and future opportunities in the area," states Hiab's President Pekka Vartiainen. Sender: Cargotec Corporation Kari Heinistö Senior Executive Vice President and CFO Eeva Mäkelä SVP, Investor Relations and Communications For further information, please contact: Pekka Vartiainen, President, Hiab, tel. +358 204 55 4264 Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281 Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange. www.cargotec.com


 

29th January 2007 PayPoint plc (the "Company") - Total Voting Rights In conformity with the Transparency Directive the Company hereby notifies the market of the following: The Company's capital consists of 67,678,585 ordinary shares with voting rights. The Company does not hold any shares in Treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules. - Ends - ---END OF MESSAGE---


 

FOR IMMEDIATE RELEASE VRcontext boost Rendering Performance thanks to UNIWIDE Technologies workstations architecture. Houston, Texas--January 29, 2007--VRcontext and UNIWIDE Technologies will show at daratechPLANT2007 a new rendering method for massive models, optimized for Multi-core CPU. ProcessLife(TM) from VRcontext will benefit from this revolutionary rendering method using real time ray tracing. A beta version will be shown at daratechPLANT2007. This CPU-only rendering solution takes advantage of the performance enhancements delivered by UNIWIDE Technologies workstations, based on AMD HyperTransport(TM) and Multi-core technologies. "The Multi-core and HyperTransport technologies deliver new functionalities to ProcessLife servers, a requirement for very high performance results. The availability of UNIWIDE Technologies architecture, implementing both of these technologies in a silent desk side layout is a unique opportunity for VRcontext to integrate real-time ray tracing in extremely complex projects. Thanks to the eight-core CPU available in the rendering server, ProcessLife can now directly benefit from performance capabilities only available before in expensive supercomputers or mainframes" says Alain Hubrecht, President and CTO of VRcontext. "By utilizing AMD HyperTransport technology for multi-threaded applications, ProcessLife can process large-scale projects more efficiently while providing improved performance, realism and fidelity to the original 3D CAD models" says Mr. Hans CHO, COO of UNIWIDE Technologies. "UNIWIDE Technologies is delighted that VRcontext has optimized ProcessLife for their workstations". HyperTransport technology requires a computer system with an NVIDIA® motherboard and an AMD Opteron(TM) CPU. See www.hypertransport.org for more information. About VRcontext VRcontext is a leading provider of real-time visualization and simulation solutions used around the globe in the Energy, Oil & Gas, Process, and Homeland Security markets. VRcontext's flagship product, called Walkinside(TM), creates 3D Virtual Models of mega structures, which can be imported in a straightforward manner from multiple data sources. Through its new product line, called ProcessLife(TM), VRcontext delivers "Decision Support Applications" by means of real-time access to Monitoring systems and direct links to databases using an "intuitive" graphical interface to the 3D Virtual Model. VRcontext also provides the suited environment to develop "Best Practices" in the areas of maintenance, process simulation, safety and security--as any sequences of events and/or incidents can be realistically simulated and evaluated. Skills Development Programs are then delivered in the context of the 3D Virtual Model. For more information, please contact: André Colin, VP Business Development at +32 (0) 2 663 96 00 or visit VRcontext's website at www.vrcontext.com or e-mail to a.colin@vrcontext.com. About UNIWIDE Technologies UNIWIDE Technologies, Inc. publicly traded KOSDAQ (Korea Securities Dealers Automated Quotation, 034010) was established in 1992 with a vision to become the highest authority in server and workstation solutions. Since its inception, UNIWIDE Technologies, Inc. has been true to its vision, developing and manufacturing world-class servers and workstations solutions for the global server and workstation market. For more details, please visit www.uniwide.com Contact UNIWIDE Europe: Peggy Chu-Ware at peggy@uniwide.com Account Manager in EU regions Tel +49 9621 710568 / Fax +49 40 380 1786 5009 Contact UNIWIDE USA: Chris Hong / Edward Yoon Senior Marketing & Operation Manager / Senior Sales manager Tel: +1 408-957-6543 / Fax: +1 408-941-8111 WalkinsideTM and ProcessLifeTM are trademarks of VRcontext s.a./n.v. Other names are for informational purposes only and may be trademarks of their respective owners.


 

Pöyry's Infrastructure & Environment business group has been awarded two contracts by the German Railways (DB ProjektBau GmbH) for services related to the improvement of the railway network of Berlin, the capital of Germany. The total value of the contracts is about EUR 3 million. The assignment comprises a technical review of the planning documents for three projects: the rail link to the Brandenburg international airport, the rebuild of the east railway junction ("Ostkreuz Berlin"), and the construction of a new tunnel for the urban railway line connecting the northern ring with Berlin's main station. In addition, Pöyry has been commissioned to prepare and co-ordinate the agreements for intersections and affected utilities of third parties for the projects mentioned. The services under both contracts shall be supplied during 2008 with an option for extension until 2015. Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's annual net sales amount to about EUR 600 million and it employs 6000 experts. PÖYRY PLC Satu Perälampi Investor Relations Manager Additional information by: Johann Schmieder, Managing Director, Pöyry Infra GmbH, Germany Tel. +49 7621 93 00 45 www.poyry.com DISTRIBUTION: Major media


 

Kemira Group will publish its fourth quarter and annual results 2006 on Tuesday, February 6, at 9 am Helsinki time (7 am UK time). The press release will be available on the Kemira's website immediately after publishing. Kemira is pleased to invite the media and analysts to attend a press conference in which Kemira President and CEO Lasse Kurkilahti will present the results. The press conference will take place at 10:30 am at Kemira House, Porkkalankatu 3, Helsinki. The press conference will be held in Finnish. A conference call (in English) will begin at 1 pm Helsinki time. In order to participate in the conference call, please dial +44 (0)20 7162 0025. Please call in some minutes prior to ensure the operators have sufficient time to take your name and company affiliation. Presentation material will be available on our web site (www.kemira.com) under Investors - Presentations. During the conference call, the presentation can be followed at this address: http://wcc.webeventservices.com/view/wl/r.htm?e=36126&s=1&k=92C501BF4E21A41D2B027BD27621AD8F&cb=genesys The conference call will be recorded, and you can listen to the tape on our website later the same day. For further information, please contact: Kemira Oyj Päivi Antola, IR Manager Tel. +358 (0)10 86 21140 E-mail: paivi.antola@kemira.com Susanna Aaltonen Communications Manager Tel +358 (0)10 862 1501 E-mail: susanna.aaltonen@kemira.com Kemira is a chemicals group that is made up of four business areas: pulp and paper chemicals, water treatment chemicals, performance chemicals and paints. Kemira is a global group of leading chemical businesses with unique competitive position and a high degree of mutual synergy. In 2005, Kemira recorded revenue of around EUR 2 billion and had a payroll of 8,000 employees. Kemira operates on all continents, in 40 countries.


 

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 | 26 January 2007 | +-------------------------------------------------------------------+ 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|18,041,098 1.90695% | | |(other than | | | |options) | | | | | | | |---------------+------------------------------------------+-----------------------------------------------| |(3) Options and| |2,500,000 0.2644% | |agreements to | | | |purchase/sell | | | | | | | |---------------+------------------------------------------+-----------------------------------------------| |Total |18,041,098 1.90695% |2,500,000 0.2644% | | | | | +----------------------------------------------------------------------------------------------------------+ (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 | Short | 376,546 | 5.562565 | +-------------------------------------------------------------------+ (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) YES/NO +-------------------------------------------------------------------+ | Date of disclosure | 29 January 2007 | |-------------------------------------------------+-----------------| | 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-January 29, 2007-HK Ruokatalo Oyj completes acquisition of Swedish Meats (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish meat and poultry company HK Ruokatalo Oyj said on Monday (29 January) that its acquisition of the entire business of Swedish Meats has been executed and HK Ruokatalo Groups wholly-owned Swedish subsidiary Scan AB has officially launched operations. With the acquisition HK Ruokatalo Group is expanding into a food company with a turnover of some EUR2.0bn and which is active in eight Northern European countries. The board of HK Ruokatalo Group has decided to exercise the authorisation granted to it by the Extraordinary Meeting of Shareholders on 22 December 2006 to decide on the directed share issue to Swedish Meats and its terms and conditions. The 4,843,000 Series A shares in HK Ruokatalo Group offered to Swedish Meats as part of the purchase price have been subscribed on this date. The number of shares issued in the directed issue is equal to some 12.3% of the share capital of HK Ruokatalo Group. In addition to the share consideration, the purchase price consisted of a cash consideration of some EUR76m. HK Ruokatalo Group also assumed liability for Swedish Meats debt amounting to a net value of some EUR171m. The final acquisition price according to share prices and currency exchange rates at the time of execution comes to EUR329m. Swedish Meats has 17 production plants and some 3,500 employees. HK Ruokatalo Group, headquartered in Turku, Finland, is an international food company that produces, sells and markets meat products, poultry meat, processed meat products and convenience foods. 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))


 

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- January 29, 2007 -- ROMARCO MINERALS INC. (TSX VENTURE: R) is pleased to announce that it has initiated a follow up drill program on it's Pine Grove property in Lyon County, Nevada. The 2006 Phase I program intersected wide zones of mineralization: - PG-32 110 meters averaging 0.96 g/t Au (329-439m) within which there are the following intercepts: 3 meters @ 2.60 g/t Au and eight 1.5 meter intervals of greater than 2.00 g/t Au. - PG-33 183 meters averaging 0.40 g/t Au (232-415m) within which a 1.5 meter interval averaged 1.71 g/t Au. These wide gold intercepts indicate the presence of a strong mineralizing system and currently appear to open at depth under PG-32 and PG-33. This target is located approximately 2.5 kilometers east of the high-grade, past producing Rockland Mine (also located on the company's land package). Romarco's winter 2007 Phase II program is underway and will test deeper reaches pf the +100 meter thick brecciated dome defined by the broad PG-32 and PG-33 intercepts. The new program will also test exposed + 1g/t gold vein systems that propagate downward to the deep breccia zone. These targets follow up on the results from Phase I. Approximately 2,300 meters will be drilled in the current program. Additional targets remain to be evaluated around the Rockland Mine and Romarco has applied for a drilling permit in this area. Romarco's Qualified Person on the project is Tom Kilbey, Senior Geologist. The Pine Grove Project, located in the Walker Lane Mineral Belt of western Nevada, is a joint venture with Carlin Gold (TSX VENTURE: CGD). Romarco is earning a 60% interest in the project by completing expenditures of US$2MM prior to December 31, 2009, with an option to elect to earn an additional 10% interest (total 70%) by committing to take the project to final feasibility within three years of Romarco's initial earn-in. The property consists of 142 unpatented claims, and is located in the Pine Grove mining district, which has estimated historic production of approximately 290,000 ounces gold equivalent (includes silver). The property includes the old Rockland mine, which produced an estimated 50,000 ounces of gold between 1870 and the late 1930's. Pine Grove has excellent potential for discovery of multiple bonanza-grade veins associated with a Tertiary-age bimodal volcanic suite. Romarco is an advanced stage exploration company engaged in the acquisition, exploration and development of precious metals mineral properties. Romarco's management and Board of Directors are comprised of senior mining executives who have extensive experience identifying, developing, financing and operating precious metals deposits in the Americas. It is Romarco's goal to become a producer through development of its own projects as well as through the acquisition of advanced stage projects. Romarco currently has five exploration projects in Nevada, one in Mexico and one in Peru. ON BEHALF OF ROMARCO MINERALS INC. Diane R. Garrett, President and C.E.O. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release, which has been prepared by management. Contacts: Romarco Minerals Inc. Diane Garrett President and C.E.O. (830) 634-7489 Email: dgarrett@romarco.com Romarco Minerals Inc. Mr. Ralf Langner C.F.O. (604) 688-9271 (604) 688-9274 (FAX) Email: rlangner@romarco.com Website: www.romarco.com SOURCE: Romarco Minerals Inc.


 

KESKO CORPORATION PRESS RELEASE 29.01.2007 AT 15.30 Executive Vice President Mikko Teittinen, 39, technician, has been appointed Kauko-Telko Oy's new President with effect from 1 March 2007. The present President Ralf Klärich, 55, will leave the company at his own request. Mikko Teittinen has been Kauko-Telko Oy's Executive Vice President since 1 October 2006. Previously he has held many different positions in Kauko-Telko, including Senior Vice Presidency, and has also been the Deputy Managing Director and Business Development Director in the subsidiary Telko Oy. Ralf Klärich was appointed Kauko-Telko's President on 1 October 2005 to implement a fundamental change in the company's focus from consumer trade to international technical trade. Now that the change strategy, organisational reforms and a new corporate culture have been adopted Ralf Klärich has decided to leave the company. Kauko-Telko Oy is part of the Kesko Group and engages in international technical trade. Kauko-Telko operates in the Nordic and Baltic countries, Poland, China and Russia. Its most important products include industrial raw materials, raw materials and machines for the baking industry, packaging systems, industrial machines and equipment, electronics, and related services and concept solutions. Further information is available from Juhani Järvi, Corporate Executive Vice President, Kesko Corporation, tel. +358 1053 22209. 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-January 29, 2007-Norwegian survey software provider FIRM signs agreement with Aker ASA (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian market survey and research software provider Future Information Research Management ASA (FIRM) said on Monday (29 January) that it has signed an agreement with the Norwegian industrial holding group Aker ASA for the use of Confirmit software for Akers People Survey 2007. Aker will use the software to collect and analyse its employees perception about the companys culture, work environment and organisational effectiveness. The collection of information from employees will primarily be conducted using the web, and for employees without access to the Internet Aker will use FIRMs offline survey product, Confirmit Kiosk. No financial information on the deal was disclosed. Aker, headquartered in Oslo in Norway, is a worldwide engineering, technology, shipbuilding and fisheries industry group with over 50,000 employees and annual revenues of approximately NOK80bn. Its core businesses include Aker Kvaerner, Aker Yards, Aker American Shipping, Aker Seafoods, Aker Material Handling, Aker Drilling and Aker Floating production. Aker is listed on the Oslo Stock Exchange and traded under the ticker AKER. FIRM, headquartered in Oslo, Norway, is a provider of market research and enterprise feedback management solutions. The company has some 100 employees and offices in Oslo, London, New York and San Francisco. FIRM is listed on Oslo Stock Exchange and traded under the ticker FIRM. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Sevan Marine ASAs FPSO unit starts journey to Brazil (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian offshore technology company Sevan Marine ASA said on Monday (29 January) that the FPSO (floating production, storage and offloading) unit SSP Piranema has started its journey to Brazil. From the Keppel Verolme Shipyard in Rotterdam, the FPSO will go to the port of Aratu, Salvador, Brazil. There the unit will undertake customs clearance and acceptance testing and be temporarily moored, awaiting tow-out to the Piranema Field in the state of Sergipe. The expected transit time is 35 days, the company said. The SSP Piranema has been contracted to Petrobras under an 11-year charter contract, with extension options for an additional 11 years. Sevan Marine is headquartered in Tananger in Norway. The company provides floating production, storage and drilling technology, and reported revenues of NOK147.8m in 2005. Sevan Marine is listed on the Oslo Stock Exchange and traded under the ticker SEVAN. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Hannover Re expects losses in the range of EUR 120 - 180 million from winter storm 'Kyrill' Hannover, 29 January 2007: Winter storm 'Kyrill' - which swept across large parts of Europe on 18 and 19 January 2007 - caused insured losses in the order of EUR 4 to 7 billion. The exact scale of insured damage cannot yet be reliably assessed in view of the multitude of small- and medium-size losses and the large number of countries affected. Against this backdrop Hannover Re expects a net loss burden of EUR 120 to 180 million before tax; the bulk of this expenditure is attributable to claims in Germany. The total loss amount was alleviated by the 'K5' risk securitisation which had been expanded to USD 520 million as at January 1, 2007 (see NewsLetter published on January 16, 2007). "Even after 'Kyrill' we are within the bounds of our loss expectations", Chief Executive Officer Wilhelm Zeller explained. Hannover Re's budget for major claims assumes a loss experience within the multi-year average for the full year; it corresponds to around eight percent of net premium expected in property and casualty reinsurance. Mr. Zeller added: "This severe storm will have a favourable effect on rate movements in European catastrophe reinsurance in the coming year. 'Kyrill' brought home to European insurers that wind is just as much a force to be reckoned with in Europe as it is in the United States." For further information please contact: Press and Public Relations / Investor Relations: Eric Schuh, CFA (tel. +49 / 511 / 56 04-15 00, e-mail: eric.schuh@hannover-re.com) Press and Public Relations: Gabriele Handrick (tel. +49 / 511 / 56 04-15 02, e-mail: gabriele.handrick@hannover-re.com) Investor Relations: Gabriele Bödeker (tel. +49 / 511 / 56 04-17 36, e-mail: gabriele.boedeker@hannover-re.com) Hannover Re, with a gross premium of approximately EUR 10 billion, is one of the leading reinsurance groups in the world. It transacts all lines of property/casualty, life/health and financial reinsurance as well as specialty insurance. It maintains business relations with more than 5,000 insurance companies in about 150 countries. Its worldwide network consists of more than 100 subsidiaries, branch and representative offices in around 20 countries with a total staff of roughly 2,000. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- "Very Strong" and A.M. Best A "Excellent"). Disclaimer: Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Hannover Re does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Hannover Re and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.


 

Nordic Business Report-January 29, 2007-Cargotec Corporation to acquire Swedish sales and service company (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish cargo-handling solutions provider Cargotec Corporation said on Monday (29 January) that its Kalmar business area has signed an agreement to acquire Truck och Maskin i Ornskoldsvik AB, a sales and service company assisting heavy industrial handling customers in Sweden. The move strengthens Kalmars sales and service presence in northern Sweden to industrial customers in the wood handling segment. The parties have agreed not to disclose the transaction value. Truck och Maskin i Ornskoldsvik AB employs almost 100 people located in four sites throughout Norrland. The companys main activities are the sales and service of materials handling equipment. Cargotec Corporation provides cargo handling solutions which are used in local transportation, terminals, ports, distribution centres and ships. In 2005 Cargotecs net sales exceeded EUR2.3bn and the company employs some 8,000 people in more than 160 countries. Cargotec 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-January 29, 2007-Nokia and Siemens move ahead with proposed product portfolio plan for Nokia Siemens Networks (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) and the German electrical engineering and electronics company Siemens announced on Monday (29 January) that they will start sharing the proposed product portfolio plan for the future Nokia Siemens Networks with employees and customers starting in early February. As a result, Nokia and Siemens will immediately begin the process of sharing the proposed future product portfolio information with employee representatives. Planning is still underway to assess the personnel, site and country-level impact of the proposed product portfolio plan as well as expected transition times and requirements for ongoing support for existing products. The business and personnel implications are expected to be available only after the creation of Nokia Siemens Networks is finalised. The synergies associated with the creation of Nokia Siemens Networks were previously expected to result in a headcount adjustment over the next four years of approximately 10-15% from the initial combined base of approximately 60,000. Nokia and Siemens say they have made strong progress towards the integration of Nokia Siemens Networks. The planned merger to create Nokia Siemens Networks is expected to close 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. Siemens is a global player in electrical engineering and electronics. The company has around 475,000 employees working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. In the fiscal year ended 30 September 2006, Siemens had sales from continuing operations of EUR87bn and net income of EUR3.1bn. 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-January 29, 2007-Stora Enso Oyj signs EUR140m loan facility (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish forest products company Stora Enso Oyj said on Monday (29 January) that it has signed a loan agreement with the European Investment Bank (EIB) for a EUR140m loan facility to finance part of its investment in research and development in Finland and Sweden for the next five years. The facility, which is expected to be fully drawn, is the result of good long-term cooperation between EIB and Stora Enso, the company said. 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))


 

Nordic Business Report-January 29, 2007-Wartsila Corporation wins power plant contract in Saudi Arabia (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish power plants and ship power solutions supplier Wartsila Corporation said on Monday (29 January) that it has won a EUR7.6m turnkey contract to deliver a 14 MWe power plant to the National Agricultural Development Company (NADEC) in Saudi Arabia. The new plant will be installed at the Haradh project site, 280 km from Riyadh. The Haradh project is an agricultural and dairy farms project covering an area of 37,500 hectares, and it consists of five large cow farms and associated major industrial plants. The new power plant will initially comprise two 7 MWe generating sets, each powered by an 18-cylinder Wartsila 32 engine. The plant will also have provision to be extended later with another two generating sets. Wartsila will deliver all the electrical and mechanical equipment for the new power plant and has turnkey responsibility for the complete power plant, including its installation and commissioning, except for the civil works. The plant is due to be put into operation in June 2008. 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))


 

Wärtsilä Corporation, Trade & Technical Press Release, 29 January 2007 Wärtsilä Corporation won a EUR 7.6 million turn-key contract in December 2006 to deliver a 14 MWe power plant to the National Agricultural Development Company (NADEC) the biggest agricultural company in Saudi Arabia. The plant is due to be put into operation in June 2008. The new plant will be installed at Haradh project site (280 km from Riyadh). The Haradh project is an agricultural project and dairy farms project covering an area of 37,500 hectares and consists of five large cow farms and associated major industrial plants. The farms have some 25,000 to 30,000 cows, and the industrial plants process their milk into a wide range of high-quality dairy products such as milk, cheese, yoghurt, etc. The new power plant will initially comprise two 7 MWe generating sets, each powered by an 18-cylinder Wärtsilä 32 engine. It will support the power production by an existing power plant with four 4.5 MWe sets of another make. The new plant will have provision to be extended later with another two generating sets. It will supply electricity to the NADEC farms and milk processing plants, as well as for NADEC's housing area in Haradh. Eng. Abdulaziz Bin Mohammad Al Babtain, CEO of NADEC clarified that "the new power plant will increase the electricity production at the Haradh project site to meet with the increasing loads due to new expansion projects in the industrial complex and the addition of new cow farms." Mr. Al Babtain mentioned that owing to these expansions, this project is the first phase for the power plant expansion at Haradh project site which will be followed by other plant extensions coinciding with the future expansion plans of NADEC. Wärtsilä will deliver all the electrical and mechanical equipment for the new power plant and has turn-key responsibility for the complete power plant, including its installation and commissioning, except for the civil works. In operation, the plant will be supported by Wärtsilä's service network in Saudi Arabia. An important factor in the change of generating plant at the NADEC Haradh site is the desire to reduce electricity-generating costs by changing from diesel oil fuel in the existing plant to heavy fuel oil. The Wärtsilä 32 engines are ideal for this purpose as they were designed from the outset for reliable, continuous, start-to-stop operation on heavy fuel oil with high efficiency and long times between overhauls. Wärtsilä power plants are also highly efficient which NADEC is hoping will reflect positively on the end products' costs. Related material to this press release: http://www.wartsila.com/,en,solutions,0,generalcontent, 84BAB631-3F33-48E7-AA74-9ABE87E7E1CC,D2820329-7CC7-48FD-94EF-17221AC50F3F,,.htm Wärtsilä in brief: Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 14,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world. www.wartsila.com For further information, please contact: Maria Nystrand Public Relations Manager, Power Plants Wärtsilä Corporation Direct tel: +358 10 709 1456 Direct fax: +358 10 709 1425 e-mail: maria.nystrand@wartsila.com Internet: www.wartsila.com


 

Geveko made a statement at the Annual General Meeting in April that an overhaul of the Geveko group future strategic direction should be carried out as the rapid growth of the wholly-owned unlisted Industrial Operations could come into conflict with the demand for diversification of risks which apply to investment companies. During the year the Geveko Board has studied various strategic directions taking into consideration the benefit on Gevekos shareholders as well as industrial aspects and tax consequences. The main business within the Geveko Industrial Operations is horizontal road marking. Geveko is currently the leading company in Europe within horizontal road marking. In Western Europe overcapacity, stiff competition and in general low profitability characterize the road marking industry. There is a slight growth in Western Europe and the opposite in Eastern Europe. The aim has been to maintain the position as the leading company, focus on cost efficiency, create a platform on growth markets in Eastern Europe and when opportunities arise participate in the necessary restructuring of the business. The strategy has so far been successful. Geveko is today the most profitable company in the road marking industry, has leading positions on several large markets in Eastern Europe with strong growth and has simultaneously accomplished acquisitions in Western Europe. The board of Geveko state that there are possibilites of further growth with satisfactory profitability. The decentralized organsation is cost-effective and flexible and thus stays strong in the fierce competition. The Geveko group has financial stability. However during autum 2006 the necessity to restructure the road marking industry was again topic on the market when the leading company on the US road marking market, Ennis Paint, acquired Prismo the largest company in the road marking industry in Great Britain. Geveko aims to continue to participate in the restructuring of the road marking field in Europe. The Geveko Industrial Operations could thus grow substantially and Geveko will have to refrain from the investment company status. When changing from investment company status to operating company no taxation will occur, so fas as can be judged, as Geveko has tax losses carried forward which balance income liable to taxation. Göteborg, Sweden January 29, 2007 AB GEVEKO (plc) For further information: Mr Hans Ljungkvist, Managing Director and CEO Phone +46 31 172945, 0705 371110 AB GEVEKO (plc) Org.no.: 556024-6844 P.O. Box 2137, 403 13 Göteborg, Sweden, Phone +46 31 172945 info@geveko.se www.geveko.se


 

Espoo, Finland - Nokia and Siemens announced today that they would start sharing the proposed product portfolio plan for the future Nokia Siemens Networks with employees and customers starting in early February. As a result, Nokia and Siemens will immediately begin the process of sharing the proposed future product portfolio information with employee representatives. "As we continue to make strong progress in integration planning for Nokia Siemens Networks, it is critical that we are able to maintain the strong support that we have seen so far from customers by providing them with clarity about our future portfolio plans," said Simon Beresford-Wylie, CEO-designate of Nokia Siemens Networks. "Sharing that information now is also in the best interests of employees so we are able to ensure the strongest possible start for Nokia Siemens Networks. While the portfolio plans are still subject to input from customers and employee consultation processes, we believe that we will be ideally positioned to provide best-in-class products and services for the converging telecommunications world." Planning is still underway to assess the personnel, site and country-level impact of the proposed product portfolio plan as well as expected transition times and requirements for ongoing support for existing products. As planning proceeds related to the personnel implications of the proposed portfolio plans, those implications will be made available in accordance with local legal practices. The business and personnel implications are expected to be available only after the closing of Nokia Siemens Networks. As previously announced, the synergies associated with the creation of Nokia Siemens Networks are expected to result in a headcount adjustment over the next four years of approximately 10-15 percent from the initial combined base of approximately 60,000. Actual employee reductions will only take place after the appropriate consultations are completed according to each jurisdiction's labor law requirements and Nokia Siemens Networks has begun operations. Nokia and Siemens have made strong progress towards the integration of Nokia Siemens Networks. The transaction has been given antitrust approval in the European Union and the United States, and the new company's global mode of operation and organizational structure have been defined. The planned merger to create Nokia Siemens Networks is expected to close in the first quarter of 2007. 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. Further information is available at www.nokia.com. About Siemens Siemens (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 475,000 employees (including "discontinued operations") working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in 190 countries. Founded more than 155 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. In fiscal 2006 (ended September 30), according to US GAAP, Siemens had sales of ¤87.3 billion and net income of ¤3.033 billion. Further information is available on the Internet at: www.siemens.com. Forward looking Statements 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 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, including achievement of agreement between Nokia and Siemens on the results and consequences of a Siemens compliance review, 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 Networks communications Tel. +358 7180 31465 Nokia Communications Tel. +358 7180 34 900 E-mail: press.office@nokia.com www.nokia.com Siemens Corporate Communications Andreas Schwab Tel. +49 89 636 34888 E-Mail: andreas.schwab@siemens.com Thorsten Opderbeck Tel. +49 89 722 33988 E-Mail: thorsten.opderbeck@siemens.com www.siemens.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 | Xaar Plc | |-----------------------------------+-------------------------------| | Class of relevant security to | Ordinary shares | | which the dealings being | | | disclosed relate (Note 2) | | |-----------------------------------+-------------------------------| | Date of dealing | 26/01/07 | +-------------------------------------------------------------------+ 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 |5,744,937 (9.26%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |5,744,937 (9.26%) | | | | | | +-------------------------------------------------------------------------------------------+ (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 | 3,000 | 2.41p | | | | | +----------------------------------------------------------------+ (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 | 29/01/07 | |--------------------------------------------------+----------------| | 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---


 

Kemira GrowHow Oyj STOCK EXCHANGE RELEASE 29.1.2007 at 13.30 The Board of Directors of Kemira GrowHow Oyj has decided on a new share-based incentive plan directed to the company's key personnel as part of the Group's incentive schemes. The new plan aims to align the goals of the Group's shareholders and key executives in the Group, in order to raise the value of the company. A competitive, ownership-based incentive plan has been designed as a means to achieve the goal, and to ensure the commitment of key management. The incentive plan is a continuation of the current plan and its structure and scope resemble closely the former plan that covered years 2004, 2005 and 2006. The incentive scheme is based on three performance periods, i.e. 2007, 2008 and 2009. The potential reward will be paid out the year 2010. The criteria for reward payments shall be based on financial targets that must be reached. The potential reward shall be paid as a combination of Kemira GrowHow shares and cash payment. 50 key personnel take part of the incentive plan. There is an obligation to the personnel taking part of the incentive plan to keep any shares that they may have earned up to the worth of their annual salary for as long as they are employed by the company. The maximum number of shares which may be transferred via the incentive scheme is approximately 1,041,000 shares, 1.8 % of company's all shares. The shares to be transferred can be in the company's own holding or they may be obtained in public trading. Kemira GrowHow Oyj Heikki Sirviö CEO For additional information please contact: Kemira GrowHow Oyj Kaj Friman, CFO tel. +358 50 62 626 Distribution: Helsinki Stock Exchange Media Kemira GrowHow Oyj is one of the leading producers of fertiliser and feed phosphates in Europe. Kemira GrowHow develops and markets fertilisers and integrated solutions for crop cultivation, animal feed supplements and chemicals required in various industries. The company has approximately 2,700 employees worldwide and in 2005 net sales were 1.3 billion euros. Kemira GrowHow Oyj is listed on the Helsinki Stock Exchange.


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are expected to open lower Monday, with investors likely to be cautious ahead of economic data later in the week, says Martin Slaney of GFT Global Markets. Market participants will also be looking to the Federal Reserves two-day meeting, which starts Tuesday, awaiting a decision on interest rates. In the meantime, "volumes have dried up somewhat with some position-squaring on equities," noted Slaney. On the corporate front, several companies are due to report earnings Monday, including Schering-Plough, Verizon, Mattel, and Phelps Dodge before the open. Meanwhile, results from Tyson Foods, Canon, SYSCO, Hanover Insurance Group and Gentex are expected during trading hours. GFT Global Markets is calling the Dow Jones Industrial Average to open down 5 points at 12,482, the Nasdaq 100 to open 7 points lower at 1766 and the S&P 500 down 1.8 points at 1420.3. EUROPEAN MARKETS: European stocks trade flat to slightly higher Monday. Commodity stock upside has been limited by telecommunications sector falls, which were triggered when Deutsche Telekom cut its 2007 earnings guidance. In London, the FTSE 100 index is up 0.1% at 6234, with strong banking sector gains being offset by a weak performance from telecoms. In Frankfurt, the DAX 30 index is up 0.3% at 6709, as Deutsche Telekoms losses keep the lid on a more significant rise, says a trader. Stable oil prices are also helping to keep investors optimistic, added the trader. In Paris, the CAC 4O is up 0.5% at 5608. Bunds and gilts tick lower as dealers report a lack of retail buyers and few new incentives to reverse the recent bearish tone. The March bund future is down 0.22 at 114.78. The March gilt future is down 0.18 at 106.03. In the currency markets, the dollar is mostly higher in Europe as the market prepares for a week that could bring more positive news on the U.S. economy and further reduce expectations of a U.S. rate cut in the foreseeable future. At 1125 GMT, the dollar had pushed ahead Y121.90 from Y121.50 late Friday in New York. Elswhere, the euro rose to $1.2920 from $1.2915, while the pound slipped to $1.9560 from $1.9595. =========================== TOP STORIES: PRUDENTIAL TO SELL EGG FOR GBP575 MILLION: Prudential PLC (PRU.LN) said that it had agreed to sell its Egg online banking business to Citigroup (C) for GBP575 million (about $1.12 billion). (By Victoria Howley) EURO TELECOM STOCKS FALL ON DEUTSCHE TELEKOM WARNING: European telecommunications stocks fell across the board on news that Deutsche Telekom AG (DT) had cut its profit and revenue outlooks for 2007. (By Daniel Thomas) INFINEON SWINGS TO 1Q PFT ON MEMORY CHIP OPS: Infineon Technologies AG (IFX) swung to profitability in its fiscal first quarter as rising earnings at its memory chip business more than offset losses at its wireless chip business. (By Joon Knapen) ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: With U.S. Treasury yields heading higher and crude oil prices edging lower, the dollar could find itself a new lease of life. (By Nicholas Hastings) =========================== STILL TO COME ET/GMT COUNTRY PERIOD 0715/1215 UK Foreign Secy Beckett meets Mexico Foreign Min Espinosa 1030/1530 US Jan Dallas Fed Mfg Production Index 1200/1700 US Dec Chicago Fed Midwest Mfg Index 1215/1715 UK India Fin Min Chidambaram speaks at the London School of Economics 1500/2000 US 1Q Tsy borrowing needs 1830/2330 JPN Dec Household Spending 1830/2330 JPN Dec Labor Force Survey 1850/2350 JPN Dec Indus Production, prelim 1850/2350 JPN Jan Provisional Trade Statistics for 1st 10 Days of Month N/A N/A ITA Jan Business Confidence Survey N/A N/A UK Dec IMA Investment Fund Statistics =========================== OTHER NEWS: Nokia Corp. (NOK) and Siemens AB (SI) took a further step toward merging their telecommunications networking units, saying the joint venture will start sharing its product portfolio plans with customers and employees in early February. (By Daniel Thomas) Prudential PLC announced that total group insurance for the full year was up 16% at GBP2,470 million on an annual premium equivalent basis. Norsk Hydro ASA (NHY) said it will write down the value of its Front Runner field in the Gulf of Mexico by $462 million after tax because of lower expected production and higher development costs. (By Brooke Donovan) Sales volumes at U.K. retailers surged in January to their highest level for over two years, a survey by the Confederation of British Industry showed. (By Andrew Peaple) Shares of British Airways PLC (BAB) rose 1.5% after Europes third-largest airline said its resumed talks with the cabin crew union in a last-ditch attempt to avoid a 48-hour strike scheduled to start Tuesday. (By Aude Lagorce) Lottery services company Lottomatica SpA (LTO.MI) said it expects revenue for 2007 to be between EUR1.65 billion and EUR1.75 billion as it targets expansion in both its international operations and Italy. (By Kennneth Maxwell) Alliance Boots, a pharmacy-led health and beauty group, said that it has reached an agreement to form a 50:50 joint venture in Guangzhou Pharmaceuticals Corporation (GP Corp), the third largest pharmaceutical wholesaler in China. Oil and gas company Cairn Energy PLC (CNE.LN) said it has written down gas reserves from its Sangu field in Bangladesh by 187 billion cubic feet following a downward revision of the fields production in December. (By Sarah McFarlane) Brewer and pub operator Greene King PLC (GNK.LN) said that trading for the 36 weeks to Jan. 7 has been in line with expectations and that in the first winter of the Scottish smoking ban, Belhaven retail sales remain. (By Soren Billing) Italian business confidence fell in January from December, coming in below analysts forecasts as manufacturers expectations about orders and production fell, Italian research institute ISAE said. (Data Snap by Kristine Crane) Swedish consumer confidence dipped in January to 14.7, data from the Swedish National Institute for Economic Research showed. (Data Snap by Joel Sherwood)


 

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 | Premier Foods Plc | |-----------------------------------+-------------------------------| | Class of relevant security to | Ordinary shares | | which the dealings being | | | disclosed relate (Note 2) | | |-----------------------------------+-------------------------------| | Date of dealing | 26/01/2007 | +-------------------------------------------------------------------+ 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 |13,118,998 (2.64%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |13,118,998 (2.64%) | | | | | | +-------------------------------------------------------------------------------------------+ (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) | | | | | |---------------+----------------------+-------------------------| | Sale | 100,000 | 3.18 | | | | | +----------------------------------------------------------------+ (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 | 29/01/2007 | |--------------------------------------------------+----------------| | 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---


 

29 January 2007, Godalming, UK: Sinclair Pharma plc ("Sinclair", SPH:L), the international specialty pharmaceutical company, announces that it has signed its first marketing agreement for China. Sinclair's flagship mouth ulcer product, Aloclair®, will be sold by Auroren Pharmaceuticals. China is one of the world's fastest-growing pharmaceutical markets[i] and its market for OTC healthcare products is growing at an average annual rate of 7.8%[ii]. Under the terms of the deal announced today, Sinclair will supply Aloclair Rinse, Gel and Spray to Auroren, which will be responsible for the marketing and distribution of the product in China, Hong Kong and Macau. Sinclair will also receive upfront and milestone payments from Auroren, who will have the exclusive rights to promote Aloclair to dental and medical professionals and consumers. Sales are expected to commence in the next financial year following local registration of the product. Dr Michael Flynn, CEO of Sinclair Pharma, said: "This agreement represents our first step into China and expands our global marketing network into a market of very substantial potential. In 2006 we announced deals to sell Sinclair products in new territories of Russia, Malaysia and Singapore, and with this deal in China we now reach more than 65 countries. Marketing partners such as Auroren give Sinclair the commercial benefits of fast-to-market product sales through companies with local knowledge, while operationally Sinclair's focus on sales and marketing remains in their own core territories and specialty areas." Mr. Mengkun Chen, Chairman and CEO, of Auroren Pharmaceuticals, added: "We are delighted to be Sinclair's first marketing partner in China, and are excited about the market opportunity here for Aloclair. Auroren has proven expertise in product sales and marketing, and a far-reaching sales force of 380 people. We believe that these factors will contribute towards the establishment of Aloclair in the growing Chinese market." - ends - For further information please contact: Sinclair Pharma plc Dr Michael Flynn, CEO Tel: +44 (0) 1483 410 600 Zoe McDougall, Director of Tel: +44 (0) 7973 792 Communications 520 John Barrington-Carver, Communications Tel: +44 (0) 7831 655630 UK Capital MS&L Mary Clark, Halina Kukula Tel +44 (0)20 7307 5340 Germany MC Services Raimund Gabriel, Hilda Juhasz Tel +49 89 210 228 0 Auroren Pharmaceuticals Ms. Ping Zhang, CFO Tel +86 411 875 49088 Dr. H. Sheshberadaran, Member Board Directors Tel +1 201 984 1650 Notes to Editors: 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, UK, Spain and Portugal, and a complementary marketing partner network that spans more than 65 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. Auroren Pharmaceuticals Auroren Pharmaceuticals ("Huirenzhiayo" in Chinese) is a privately held firm located in Dalian, Northeastern Liaoning Province. With support from the Chinese Government It was founded in 2003 through assets purchases (drug licenses and sales forces) of Dalian No. 5 pharma company. In 2005 Auroren was awarded triple A Status by Liaoning Provincial Government for its financial strength and performance. The international focus of Auroren is reflected in its Board of Directors, which includes members with experience of both Eastern and Western businesses. Auroren is part of the Jincheng Group., The company has its own manufacturing facilities and has established its own capabilities to develop, manufacture, register and market Rx and OTC products in China. Its existing products include Rx and OTC Traditional Chinese Medicines (TCMs) targeting wound healing, cardiovascular and diabetes supportive care. The Chinese regulatory authorities are currently reviewing further products in oncology, pain and urinary infections. Auroren has an in-house sales force of 80 and a further 300 contract salespeople, who target 25 key provinces in China (out of 34), mainly concentrated in SouthEast and Central China. Aloclair Aloclair has marketing clearance in the US and the EU. Sinclair has marketing partners for the Aloclair range in 57 countries worldwide and has been launched in 26 countries. Approximately 20% of the general population is affected by mouth ulcers, and they are particularly common in children, women and the over 65s. Aloclair is already penetrating this market with retail sales of more than £5m in the major EU countries alone. Aloclair has a novel mode of action, forming a protective coating over the mouth ulcer, providing fast and durable pain relief, without stinging on application. Other languages For versions of this press release in German, French, Spanish or Japanese please contact investorrelations@sinclairpharma.com "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] Investing in China's Pharmaceutical Industry, PriceWaterhouseCoopers, April, 2006 [ii] OTC Healthcare in China to 2009. Datamonitor, November 14, 2005


 

Nordic Business Report-January 29, 2007-Atlas Copco acquires German tools and equipment supplier Rodcraft (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial group Atlas Copco said on Monday (29 January) that its German unit Atlas Copco Holding GmbH has agreed to acquire pneumatic tools and workshop equipment supplier Rodcraft Beteiligungsgesellschaft mbH. The purchase price was not disclosed. The Rodcraft Group, based in Mulheim an der Ruhr in Germany, is a supplier to the automotive aftermarket industry. It has 78 employees and annual revenues of approximately EUR23m. "The acquisition of Rodcraft provides the CP Vehicle Service division with an opportunity to expand with new products into both new and existing customers. It will also dramatically increase our ability to provide workshop equipment and accessories to this sector," said Fredrik Moller, business area president of Atlas Copco Industrial Technique. Rodcraft will continue operations under its own name. 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 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Fingerprint Cards AB wins SEK22m order in China (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish fingerprint technology developer Fingerprint Cards AB said on Monday (29 January) that it has received a SEK22m order from its Chinese distributor Hardware & Software Technology Co. The order covers sensors for use in IT security products. The new order is a follow-up on an order secured in 2005. Fingerprint Cards is headquartered in Gothenburg in Sweden. The company is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Swedish competition authority approves Ahlsell ABs acquisition of AB T. Idestrands (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish installation products, tools and machinery trading company Ahlsell AB said on Monday (29 January) that the Swedish competition authority has approved its acquisition of professional tools, machinery and building products supplier AB T. Idestrands. The acquisition, announced initially on 4 January, strengthens Ahlsells leading position within the tools and machinery sector and increases its presence in the Gothenburg, Malmo and Stockholm regions. T. Idestrands has 90 employees and an annual turnover of approximately SEK350m. Ahlsell acquired the company for an undisclosed sum. Ahlsell, headquartered in Stockholm in Sweden, is the Nordic regions largest trading company in installation products, tools and machinery. The company has over 4,000 employees and an annual turnover of approximately EUR2bn. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Straumur-Burdarás Investment Bank hf. will announce its annual results on Tuesday, 30 January. A presentation for market participants will be held on Wednesday, 31 January, in the banks headquarters, Borgartun 25, in the reception room on the 8th floor, at 8.30 am. Fridrik Jóhannsson, CEO, will present the results. Refreshments will be served from 8.00 am. Both the presentation and results will be available on the website of Straumur-Burdaras Investment Bank www.straumur.net and the News System of the Iceland Stock Exchange www.icex.is after the meeting.


 

Nordic Business Report-January 29, 2007-Auriga Industries A/S issues profit warning (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Danish agricultural machinery and plant protection chemicals group Auriga Industries A/S issued a profit warning on Monday (29 January) cutting its full-year pre-tax forecast from a profit of DKK50-100m to a loss of approximately DKK100m. The downward adjustment is mainly due to the plant protection chemicals subsidiary Cheminovas continued problems in Brazil. The Brazilian operations have during the year suffered from weather problems and the weak Brazilian Real, which together have created cash flow problems for the farmers. During the fourth quarter Cheminova also had product problems. Auriga Industries, headquartered in Lemvig in Denmark, comprises the chemicals subsidiary Cheminova, the agricultural machinery business Hardi International and the thermal insulation materials company Skamol. The company is listed on the Nordic Exchange in Copenhagen. One British pound (GBP) is worth approximately 11.07 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Danish company Flugger A/S plans to transfer wall coverings manufacturing operations to Poland (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Danish paints, wall coverings, and painting and cleaning products manufacturer Flugger A/S said on Monday (29 January) that it is planning to transfer its wall coverings manufacturing operations from its plant in Faborg in Denmark to Poland. The planned transfer of operations will be carried out in stages and will be completed in 2011. The warehouse operations of the Faborg facility will be transferred to Sweden. The reorganisation will affect some 30 employees. Flugger is headquartered in Rodovre in Denmark. The company has 1,100 employees and an annual turnover of approximately DKK1.2bn. Flugger is listed on the Nordic Exchange in Copenhagen. One British pound (GBP) is worth approximately 11.07 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Fred Olsen Production AS to raise USD200m in private placement (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian sister shipping companies Bonheur ASA and Ganger Rolf ASA said on Monday (29 January) that their jointly-owned floating production business Fred Olsen Production AS plans to carry out a USD200m private placement. The placement will be directed to Norwegian and international investors. Fred Olsen Production is in the process of preparing for a listing on the Oslo Stock Exchange during 2007. The company currently owns and operates five FPSO/FSO units. Bonheur and Ganger Rolf are both headquartered in Oslo in Norway. The companies are joint owners in a number of companies within shipping, offshore services and energy. The companies are listed on the Oslo Stock Exchange and traded under the tickers BON and GRO. One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Norsk Hydro ASA writes down in the Gulf of Mexico (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian energy and materials group Norsk Hydro ASA (NYSE: NHY) said on Monday (29 January) that it will write down the value of its Front Runner field in the Gulf of Mexico by USD462m after tax. The impairment is based on a lower production profile and higher than expected costs, Norsk Hydro said. The remaining book value of Front Runner will be USD201m. "Although Front Runner has been a disappointment so far, we remain confident that the Gulf of Mexico with our significant exploration assets will continue to be an important core area in our international portfolio," said Eivind Reiten, president and CEO of Norsk Hydro. Norsk hydro holds a 25% interest in the Front Runner field through the acquisition of Spinnaker Exploration in 2005. 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 under the ticker NHY, and on the New York Stock Exchange. Norsk Hydro is in the process of merging its oil and gas activities with Statoil ASA. The merger will create the worlds largest offshore operator. One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Sectra AB wins orthopaedic PACS order from The Rothman Institute (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish high-tech company Sectra AB said on Monday (29 January) that it has received an order for medical IT systems from US orthopaedic care centres operator The Rothman Institute. The order covers deliveries of Sectras orthopaedic PACS (Picture Archiving and Communication System) to The Rothman Institutes eight centres in the Philadelphia area. The 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 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Veidekke ASA rebuilds police building in Gothenburg (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian construction group Veidekke ASA said on Monday (29 January) that its wholly-owned Swedish subsidiary SBS Entreprenad AB has won an assignment to rebuild the police headquarters building in Gothenburg, Sweden. The building will be converted into a judicial centre housing the police, the correctional services and the prosecuting authority. The SEK85m contract was awarded by property company Vasakronan. Veidekke is headquartered 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 and traded under the ticker VEI. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-CapMan Plc sells majority of Moventas Oy to Industri Kapital (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc said on Monday (29 January) that funds managed by CapMan and the Swedish Industri Kapital 2004 fund have signed an agreement according to which CapMan funds will sell the majority of their shareholding in the Finnish company Moventas Oy to Industri Kapital. CapMan is a substantial investor in the CapMan Equity VII fund that will partially exit from Moventas. The impact of the transaction on CapMans result for 2007 is expected to be EUR1.5m as a result of fair value gains of the fund investment. In connection with the transaction CapMan Mezzanine IV and Finnmezzanine III funds will exit from Moventas. The Industri Kapital 2004 fund will enter into the transaction on behalf of a new company, and following the transaction it will own 58% of Moventas, while the Finnish insurance company Varma will own 4%, the management 22% and CapMan funds 16%. Moventas Oy is a manufacturer of industrial and wind turbine gears as well as provider of gear maintenance and service. Industri Kapital is a European buy-out firm with offices in London, Stockholm, Hamburg, Paris and Oslo. Its current portfolio comprises some 24 companies with a combined turnover of EUR8.6bn. CapMan, with offices in Helsinki, Stockholm, Copenhagen and Oslo, manages Nordic buyout, mezzanine, technology, life science and real estate funds with approximately EUR2.6bn in total capital. CapMan 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-January 29, 2007-Finnish consumer confidence unchanged in January 2007 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Finland, the Finnish state statistics agency, said on Monday (29 January) that Finnish consumers confidence in the economy remained unchanged in January 2007 from December 2006, with the consumer confidence indicator staying at 18.3. In January 2007 confidence in the economy was the strongest since January 2001, and stronger on average than since 1995. Some 26% of consumers believed that Finlands economic situation would improve in the next 12 months, while 17% thought the countrys economy would deteriorate. Meanwhile 32% of consumers believed that their own economic situation would improve and only 10% feared it would worsen in the next 12 months. The statistics agency said that 24% of consumers thought in January that unemployment would increase in the next 12 months while 43% believed that it would decrease. Consumers predicted that the rate of inflation would increase by 2.4% in the next 12 months. As many as 73% of consumers considered saving worthwhile in January. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Rautaruukki Corporation signs long-term contract with LKAB (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish metal-based components, systems and integrated systems supplier Rautaruukki Corporation said on Monday (29 January) that it has signed a long-term contract with the Swedish company LKAB for the supply of iron ore pellets used as raw material in iron production to the Raahe Works. The long-term agreement will ensure the availability of high quality iron raw material at the works, the company said. Ruukkis Raahe Works uses around one million tonnes of agglomerated iron ore pellets and around two million tonnes of iron ore fines in its iron production each year. LKAB is one of the worlds leading suppliers of processed iron ore products to the steel industry. Rautaruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has operations in 23 countries and employs 12,000 people. Rautaruukki is listed on the Nordic Exchange in Helsinki. ((Comments on this story may be sent to tww.feedback@m2.com))


 

With reference to previous notice to the Stock Exchange dated 19th January Bonheur ASA ("Bonheur") and Ganger Rolf ASA ("Ganger Rolf") announce that it has been decided to change the legal identity of Fred Olsen Production AS into an ASA in connection with the planned spin off, private placement and subsequent stock listing of Fred Olsen Production ASA. The entire floating production business will be organized and fully owned directly under Fred Olsen Production ASA. A proforma opening balance sheet has been established for Fred Olsen Production ASA according to this new structure. (enclosure) Fred Olsen Production intends to do a Private Placement of new shares of up to USD 200 million based on a "pre-money" valuation range of the equity in the company of USD 250-290 million. The Private Placement will be marketed towards Norwegian and International investors. Fred Olsen Production ASA expects to be listed on the Oslo Stock Exchange during 2007. The company has engaged ABG Sundal Collier as financial advisor and Manager. Fred Olsen Production is among the leading operators of floating production installations with long experience and a strong market position in a market with good growth prospects. The company owns and operates 5 FPSO/FSO units. The fleet will be expanded with one additional unit in 2007 through the conversion of the suezmax tanker Knock Allan into an FPSO unit before commencing a 10 year, option 10 additional years, contract with Canadian Natural Resources (CNR). The ship will be on location offshore Gabon for this contract. For additional information, contact Managing Director in First Olsen Ltd., Per-Oscar Lund, phone + 47 22 34 11 81 or + 47 907 80 254 Oslo, 29 January 2007


 

Ahlstrom Corporation STOCK EXCHANGE ANNOUNCEMENT 29.1.2007 at 10.40 Ahlstrom Corporation will publish its financial statements bulletin 2006 on Friday, February 2, 2007 approximately at 8.30 a.m. Finnish time. A press conference on the 2006 results will be held on Friday, February 2, 2007 at 10.30 Finnish time in Ahlstrom's head office, address Eteläesplanadi 14, 00130 Helsinki. The press conference will be held in Finnish. A conference call for analysts and investors will be held on Friday, February 2, 2007 at 13.00 Finnish time. To participate in the teleconference, please dial +44 (0) 20 7162 0125 a few minutes before the call. Use the password: Ahlstrom. A replay number is available until February 8, 2007. The number for the replay is + 44 (0) 20 7031 4064, access code: 735509. The presentation material will be available at www.ahlstrom.com > Investors > IR presentations on February 2, 2007 after the financial statements bulletin has been published. Ahlstrom Corporation Anne Pirilä Vice President, Corporate Communications and Investor Relations For further information, please contact: Anna Ahlberg Investor Relations Manager Tel: +358 10 888 4718 Distribution: Helsinki Stock Exchange Main media www. ahlstrom.com Ahlstrom in brief Ahlstrom is a global leader in the development, manufacture and marketing of high performance fiber-based materials. Nonwovens and specialty papers, made by Ahlstrom, are used in a large variety of everyday products, e.g. in filters, wipes, flooring, labels, and tapes. The company has a strong market position in several business areas in which it operates, built upon the company's unique fiber expertise and innovative approach. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2005, Ahlstrom's net sales amounted to EUR 1.55 billion. Ahlstrom's share is listed on the main list of the Helsinki Stock Exchange. The company website is www.ahlstrom.com.


 

Statoil (OSE: STL, NYSE: STO) and Hydro (OSE: NHY, NYSE: NHY) have completed a value verification process following the agreement between the companies' boards of directors to merge Hydro's oil and gas activities with Statoil. The intention of the review has been to verify the information exchanged between the parties prior to the conclusion of the agreement. In connection with the publicising of the merger on 18 December 2006, Statoil's net interest-bearing debt was estimated to be NOK 14.3 billion at 31 December 2006. It is now expected that Statoil's net interest-bearing debt will be NOK 24-25 billion at 31 December 2006. The main reason for this change is associated with fluctuations in the working capital. Reference should also be made to a separate announcement from Hydro relating to a write-down of assets in the Gulf of Mexico. Based on an overall assessment of the above mentioned and other aspects, the parties agree to the following change in financial conditions for the merger: the net interest-bearing debt for Hydro's oil and gas activities at 31 December 2006 is put at NOK 1 billion, and not zero, as when the agreement was announced. Apart from the above, all terms and conditions of the merger agreement remain unchanged and are not conditional on any further value verification. Further information from: Media: Ola Morten Aanestad, vice president media relations, +47 48 08 02 12 (mobile), +47 51 99 13 77 (office) Investor relations: Lars Troen Sørensen, senior vice president investor relations, + 47 90 64 91 44 (mobile), +47 51 99 77 90 (office) Geir Bjørnstad, vice president, US investor relations, + 1 203 978 6950 Disclaimer: This document does not constitute an offer to exchange or sell or an offer to exchange or buy any securities. An offer of securities in the United States pursuant to a business combination transaction will only be made through a prospectus which is part of an effective registration statement filed with the US Securities and Exchange Commission. Norsk Hydro shareholders who are US persons or are located in the United States are advised to read the registration statement when and if it is declared effective by the US Securities and Exchange Commission because it will contain important information relating to the proposed transaction. You will be able to inspect and copy the registration statement relating to the proposed transaction and documents incorporated by reference at the SEC's Public Reference Room at 100 F Street, N.E., Room 1580, Washington, D.C. 20549. Statoil's SEC filings are also available to the public at the SEC's web site at http://www.sec.gov. In addition, Statoil will make the effective registration statement available for free to Norsk Hydro's shareholders in the United States.


 

DJIA 12487.02 -15.54 -0.12% Nasdaq 2435.49 +1.25 +0.05% S&P 500 1422.18 -1.72 -0.12% FTSE 100 6228.00 -41.30 -0.66% Xetra DAX 6690.34 -29.24 -0.44% CAC40 5582.30 -26.90 -0.48% Above are closing prices Nikkei 225 17437.28 +15.35 +0.09% Hang Seng 20219.55 -61.58 -0.30% S&P/ASX 200 5760.40 -9.50 -0.16% Taiwan Index 7761.12 -60.20 -0.77% S.Korea Kospi 1362.14 -9.19 -0.67% Dow Future 12412.00 -11.00 -0.12% NASDAQ Future 1778.00 -1.25 -0.10% S&P Future 1426.50 -1.00 -0.11% Above are as of 0515 GMT USD/JPY 121.77-80 +0.26% Range 121.82-121.44 EUR/USD 1.2904-07 -0.12% Range 1.2926-1.2900 AUD/USD 0.7739-41 +0.06% Range 0.7742-0.7725 GBP/USD 1.9584-88 -0.09% Range 1.9616-1.9577 USD/CHF 1.2541-44 +0.08% Range 1.2549-1.2524 Above are as of 0450 GMT vs NY close USD/JPY 1M Vol Option Contract 6.98/7.22% EUR/USD 1M Vol Option Contract 5.80/6.05% AUD/USD 1M Vol Option Contract 6.78/7.02% GBP/USD 1M Vol Option Contract 6.37/6.67% USD/CHF 1M Vol Option Contract 6.38/6.63% Above are as of 0500 GMT vs NY close 2Y Tsy 99 26/32 - unch 4.97% +0.4 BP 5Y Tsy 99 15/32 - N/A 4.87% +1.3 BP 10Y Tsy 98 1/32 dn 3/32 4.88% +1.2 BP 10Y JGB Closed Closing Treasury prices vs prior NY close Asian Spot Gold $646.25 +$0.90 +0.14% Comex Gold $646.70 +$1.90 +0.30% Brent Crude Oil $55.76 +$0.47 +0.91% Above are as of 0520 GMT vs NY close EUROPEAN OUTLOOK & US/ASIAN SUMMARIES: European stocks are likely to open in positive territory as investors shrug off Wall Streets reverse Friday, with the spike in crude prices supporting the energy sector. The dollar is unlikely to make much ground against its European rivals and bonds are set for a fairly benign session despite the prospect of higher interest rates. STOCKS: Despite signals that rates are likely to rise on both sides of the Atlantic, investors should take heart from New Yorks resilience on Friday, pushing stocks higher to start. U.K. spreadbettor Cantor Index is calling the FTSE up 6 points at 6234, the DAX up 21 at 6711 and the CAC up 15 at 5597. However, the short-term direction for shares is uncertain as fears grow over tightening global economic policy. "What the bond markets are telling us is that the central banks have not finished raising interest rates so I think volatility will be induced by this interest rate background," said Mike Lenhoff, head of research at stockbroking firm Brewin Dolphin. "I think the markets will trade sideways in the short term until the interest rate outlook is clearer," said Lenhoff. In corporate news, Deutsche Telekom Sunday cut its sales forecast for 2006 as the customer exodus at its fixed-line service continued in the fourth quarter despite the introduction of new tariffs in September. It also reduced its earnings guidance for 2007. Infineons earnings, due around 0630 GMT, will highlight the technology sector Monday. The Federal Reserves meetings Tuesday and Wednesday will likely keep U.S. markets on hold after a mixed Wall Street finish Friday, as investors sort through the latest data to gauge whether the Fed might soften its stance. Steven Goldman, chief market strategist for Weeden & Co., said the recent retreat in stocks should offer buying opportunities. He said the market isnt "terribly overbought, but had been listlessly moving up" and believes "pulling back allows the market to clean out its excess." Verizon Communications is the pick of the U.S. earnings Monday. Most Asian stock markets were weaker but trading in tight ranges at the midday mark, with investors on the sidelines ahead of the upcoming quarterly earnings season. The Hang Seng continued its downward trend as concerns arose regarding mainland China and possible tightening measures being implemented on a macro-economic scale in order to reign-in the economy. FOREX: The euro is starting the European session slightly firmer, after a mixed trading day Friday while the market awaits additional U.S. data and a Federal Reserve meeting this week. "The market is unwilling to sell (the euro against the dollar) even more until there is further confirmation," that the U.S. economy is firming up, Matthew Strauss, currency strategist at RBC Capital Market said. "That confirmation will have to come from (this) weeks gross domestic product data, the Fed becoming more hawkish, or the employment data," Strauss said. "That will tell the market whether (the euro) should break lower than $1.29 and continue, or if it should reverse," he said. BONDS: Prices of European government bonds are likely to level off Monday, after falling on Friday in line with Treasurys. The market opens the new week with expectations intact that the European Central Bank will hike interest rates more than once this year, analysts said. Investors in U.S. Treasurys took a breather from heavy selling on Friday, with the market ending mostly lower after a decidedly negative week. Investors worried that the housing slump may bottom out soon and keep the Fed from easing. "Although the demand for new housing is well past its peak, it now appears to be stabilizing," said Steve Wood, who leads forecasting firm Insight Economics. But on a less positive note, he added, "inventories of unsold new homes remain very high, revealing moderate overbuilding and suggesting further weakness in housing starts and construction spending." The Fed meets this week and no change in monetary policy is expected with the stress still on inflation vigilance. ENERGY: Nymex crude held on to Fridays gains with sentiment finding support from the weather outlook in the key U.S. heating market. "Breezy and cold will be the watchwords for the Northeast at the start of the workweek," said forecaster Weather.com. Any upside however may be limited, dealers said, partly on lingering doubts about OPECs compliance to output cuts. "Dont expect any major moves perhaps until...Wednesday when the markets will next be in a position to judge yet another set of inventory data," Edward Meir at Man Financial says of weekly DOE statistics. On Friday, Oil prices rose $1.19 to settle at $55.42 a barrel Friday on concerns that producers were in fact complying with OPECs production cuts and on expectations of continued blustery weather in the northeastern United States. Brent crude settled at $55.29 a barrel, up $1.17. METALS: Spot gold in Asia was last at $646.25 and will likely hover around or slightly below $650/oz, following the "zigzag" of crude oil, said Dresdner Kleinwort Wasserstein. LME copper was last at $5,845/ton, up $45 from Fridays PM kerb. But dealers expected narrow movements pending U.S. data and the Fed meeting this week. CALENDAR: Monday, Jan. 29: UK House Prices; US Factories GMT Expected Previous 0900 ITA Nov Large firms labor indicators 1100 UK Dec House Price Index 1100 UK NIESR press conference ahead of Tuesdays review of UK and World economies 1100 UK Jan Distributive Trades Survey +10 +25 1215 UK Foreign Secy Beckett meets Mexico Foreign Min Espinosa 1530 US Jan Dallas Fed Mfg Production Index -5.2 1700 US Dec Chicago Fed Midwest Mfg Index +0.3% 1715 UK India Fin Min Chidambaram speaks at the London School of Economics 2000 US 1Q Tsy borrowing needs N/A ITA Jan Business Confidence Survey 96.2 96.7 N/A UK Dec IMA Investment Fund Statistics -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com Corrected January 29, 2007 03:00 ET (08:00 GMT) (MORE TO FOLLOW) Dow Jones Newswires January 29, 2007 01:03 ET (06:03 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 29 Jan 2007 06:03 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Infineon (IFX): 1Q Earnings Average net profit (DJ, 10 analysts): EUR100M (EUR183M net loss) Average sales: EUR2.28B (EUR1.67B) Note: Favorable memory chip market is also seen to have propelled sales +36%. But analysts brace for steep loss at wireless chip unit as it will be the first quarter without revenues from its former largest customer BenQ. Infineon reports at around 0630 GMT. OTHER SCHEDULED EVENTS: Active Capital Trust (AIT.LN): 1H Earnings Advanced Vision Technology (VSJ.XE): Q4 & FY Earnings Alten (7194.FR): FY Revenue Amino Technologies (AMO.LN): FY Earnings April Group (3868.FR): FY Revenue Asgaard Development (ASGDEV.KO): AGM Barbara Bui (6278.FR): FY Revenue Bonduelle (6393.FR): 1H Revenue Cairn Energy (CNE.LN): Trading Update Endesa (Spain) (ELE.MC): FY Earnings Face Cosmetics (FCE.LN): FY Earnings Filtronic (FTC.LN): 1H Earnings Gameloft (7960.FR): 4Q Revenue Hornby (HRN.LN): Trading Update Jessops (JSP.LN): AGM Manitou B F (3860.FR): FY Revenue Novatek (NVTK.RS): FY Revenue Tottenham Hotspur (TTNM.LN): AGM Wincor-Nixdorf (WIN.XE): 1Q Earnings & AGM (MORE TO FOLLOW) Dow Jones Newswires January 29, 2007 01:03 ET (06:03 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 29 Jan 2007 06:03 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates African Oxygen (AFX.JO): FY 2006 Special Dividend Payment Date Albemarle & Bond (ABM.LN): FY 2006 Dividend Payment Date Christian Salvesen (SVC.LN): 1H 2006 Dividend Payment Date EVN (EVNV.VI): FY 2006 Special Dividend Payment Date Greene King (GNK.LN): 1H 2006 Dividend Payment Date Porsche (POR3.XE): FY 2006 Special Ex-Dividend Date (END) Dow Jones Newswires January 29, 2007 01:03 ET (06:03 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 29 Jan 2007 06:41 GMT =DJ EUROPEAN MORNING BRIEFING: Stocks Firmer As Crude Spikes DJIA 12487.02 -15.54 -0.12% Nasdaq 2435.49 +1.25 +0.05% S&P 500 1422.18 -1.72 -0.12% FTSE 100 6228.00 -41.30 -0.66% Xetra DAX 6690.34 -29.24 -0.44% CAC40 5582.30 -26.90 -0.48% Above are closing prices Nikkei 225 17437.28 +15.35 +0.09% Hang Seng 20219.55 -61.58 -0.30% S&P/ASX 200 5760.40 -9.50 -0.16% Taiwan Index 7761.12 -60.20 -0.77% S.Korea Kospi 1362.14 -9.19 -0.67% Dow Future 12412.00 -11.00 -0.12% NASDAQ Future 1778.00 -1.25 -0.10% S&P Future 1426.50 -1.00 -0.11% Above are as of 0515 GMT USD/JPY 121.77-80 +0.26% Range 121.82-121.44 EUR/USD 1.2904-07 -0.12% Range 1.2926-1.2900 AUD/USD 0.7739-41 +0.06% Range 0.7742-0.7725 GBP/USD 1.9584-88 -0.09% Range 1.9616-1.9577 USD/CHF 1.2541-44 +0.08% Range 1.2549-1.2524 Above are as of 0450 GMT vs NY close USD/JPY 1M Vol Option Contract 6.98/7.22% EUR/USD 1M Vol Option Contract 5.80/6.05% AUD/USD 1M Vol Option Contract 6.78/7.02% GBP/USD 1M Vol Option Contract 6.37/6.67% USD/CHF 1M Vol Option Contract 6.38/6.63% Above are as of 0500 GMT vs NY close 2Y Tsy 99 26/32 - unch 4.97% +0.4 BP 5Y Tsy 99 15/32 - N/A 4.87% +1.3 BP 10Y Tsy 98 1/32 dn 3/32 4.88% +1.2 BP 10Y JGB Closed Closing Treasury prices vs prior NY close Asian Spot Gold $646.25 +$0.90 +0.14% Comex Gold $646.70 +$1.90 +0.30% Brent Crude Oil $55.76 +$0.47 +0.91% Above are as of 0520 GMT vs NY close EUROPEAN OUTLOOK & US/ASIAN SUMMARIES: European stocks are likely to open in positive territory as investors shrug off Wall Streets reverse Friday, with the spike in crude prices supporting the energy sector. The dollar is unlikely to make much ground against its European rivals and bonds are set for a fairly benign session despite the prospect of higher interest rates. STOCKS: Despite signals that rates are likely to rise on both sides of the Atlantic, investors should take heart from New Yorks resilience on Friday, pushing stocks higher to start. U.K. spreadbettor Cantor Index is calling the FTSE up 6 points at 6234, the DAX up 21 at 6711 and the CAC up 15 at 5597. However, the short-term direction for shares is uncertain as fears grow over tightening global economic policy. "What the bond markets are telling us is that the central banks have not finished raising interest rates so I think volatility will be induced by this interest rate background," said Mike Lenhoff, head of research at stockbroking firm Brewin Dolphin. "I think the markets will trade sideways in the short term until the interest rate outlook is clearer," said Lenhoff. In corporate news, Deutsche Telekom Sunday cut its sales forecast for 2006 as the customer exodus at its fixed-line service continued in the fourth quarter despite the introduction of new tariffs in September. It also reduced its earnings guidance for 2007. Infineons earnings, due around 0630 GMT, will highlight the technology sector Monday. The Federal Reserves meetings Tuesday and Wednesday will likely keep U.S. markets on hold after a mixed Wall Street finish Friday, as investors sort through the latest data to gauge whether the Fed might soften its stance. Steven Goldman, chief market strategist for Weeden & Co., said the recent retreat in stocks should offer buying opportunities. He said the market isnt "terribly overbought, but had been listlessly moving up" and believes "pulling back allows the market to clean out its excess." Verizon Communications is the pick of the U.S. earnings Monday. Most Asian stock markets were weaker but trading in tight ranges at the midday mark, with investors on the sidelines ahead of the upcoming quarterly earnings season. The Hang Seng continued its downward trend as concerns arose regarding mainland China and possible tightening measures being implemented on a macro-economic scale in order to reign-in the economy. FOREX: The euro is starting the European session slightly firmer, after a mixed trading day Friday while the market awaits additional U.S. data and a Federal Reserve meeting this week. "The market is unwilling to sell (the euro against the dollar) even more until there is further confirmation," that the U.S. economy is firming up, Matthew Strauss, currency strategist at RBC Capital Market said. "That confirmation will have to come from (this) weeks gross domestic product data, the Fed becoming more hawkish, or the employment data," Strauss said. "That will tell the market whether (the euro) should break lower than $1.29 and continue, or if it should reverse," he said. BONDS: Prices of European government bonds are likely to level off Monday, after falling on Friday in line with Treasurys. The market opens the new week with expectations intact that the European Central Bank will hike interest rates more than once this year, analysts said. Investors in U.S. Treasurys took a breather from heavy selling on Friday, with the market ending mostly lower after a decidedly negative week. Investors worried that the housing slump may bottom out soon and keep the Fed from easing. "Although the demand for new housing is well past its peak, it now appears to be stabilizing," said Steve Wood, who leads forecasting firm Insight Economics. But on a less positive note, he added, "inventories of unsold new homes remain very high, revealing moderate overbuilding and suggesting further weakness in housing starts and construction spending." The Fed meets this week and no change in monetary policy is expected with the stress still on inflation vigilance. ENERGY: Nymex crude held on to Fridays gains with sentiment finding support from the weather outlook in the key U.S. heating market. "Breezy and cold will be the watchwords for the Northeast at the start of the workweek," said forecaster Weather.com. Any upside however may be limited, dealers said, partly on lingering doubts about OPECs compliance to output cuts. "Dont expect any major moves perhaps until...Wednesday when the markets will next be in a position to judge yet another set of inventory data," Edward Meir at Man Financial says of weekly DOE statistics. On Friday, Oil prices rose $1.19 to settle at $55.42 a barrel Friday on concerns that producers were in fact complying with OPECs production cuts and on expectations of continued blustery weather in the northeastern United States. Brent crude settled at $55.29 a barrel, up $1.17. METALS: Spot gold in Asia was last at $646.25 and will likely hover around or slightly below $650/oz, following the "zigzag" of crude oil, said Dresdner Kleinwort Wasserstein. LME copper was last at $5,845/ton, up $45 from Fridays PM kerb. But dealers expected narrow movements pending U.S. data and the Fed meeting this week. CALENDAR: Monday, Jan. 29: UK House Prices; US Factories GMT Expected Previous 0900 ITA Nov Large firms labor indicators 1100 UK Dec House Price Index 1100 UK NIESR press conference ahead of Tuesdays review of UK and World economies 1100 UK Jan Distributive Trades Survey +10 +25 1215 UK Foreign Secy Beckett meets Mexico Foreign Min Espinosa 1530 US Jan Dallas Fed Mfg Production Index -5.2 1700 US Dec Chicago Fed Midwest Mfg Index +0.3% 1715 UK India Fin Min Chidambaram speaks at the London School of Economics 2000 US 1Q Tsy borrowing needs N/A ITA Jan Business Confidence Survey 96.2 96.7 N/A UK Dec IMA Investment Fund Statistics -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com Corrected January 29, 2007 03:04 ET (08:04 GMT) (MORE TO FOLLOW) Dow Jones Newswires January 29, 2007 01:41 ET (06:41 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 29 Jan 2007 06:42 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Infineon (IFX): 1Q Earnings Average net profit (DJ, 10 analysts): EUR100M (EUR183M net loss) Average sales: EUR2.28B (EUR1.67B) Note: Favorable memory chip market is also seen to have propelled sales +36%. But analysts brace for steep loss at wireless chip unit as it will be the first quarter without revenues from its former largest customer BenQ. Infineon reports at around 0630 GMT. OTHER SCHEDULED EVENTS: Active Capital Trust (AIT.LN): 1H Earnings Advanced Vision Technology (VSJ.XE): Q4 & FY Earnings Alten (7194.FR): FY Revenue Amino Technologies (AMO.LN): FY Earnings April Group (3868.FR): FY Revenue Asgaard Development (ASGDEV.KO): AGM Barbara Bui (6278.FR): FY Revenue Bonduelle (6393.FR): 1H Revenue Cairn Energy (CNE.LN): Trading Update Endesa (Spain) (ELE.MC): FY Earnings Face Cosmetics (FCE.LN): FY Earnings Filtronic (FTC.LN): 1H Earnings Gameloft (7960.FR): 4Q Revenue Hornby (HRN.LN): Trading Update Jessops (JSP.LN): AGM Manitou B F (3860.FR): FY Revenue Novatek (NVTK.RS): FY Revenue Tottenham Hotspur (TTNM.LN): AGM Wincor-Nixdorf (WIN.XE): 1Q Earnings & AGM (MORE TO FOLLOW) Dow Jones Newswires January 29, 2007 01:42 ET (06:42 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 29 Jan 2007 06:42 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates African Oxygen (AFX.JO): FY 2006 Special Dividend Payment Date Albemarle & Bond (ABM.LN): FY 2006 Dividend Payment Date Christian Salvesen (SVC.LN): 1H 2006 Dividend Payment Date EVN (EVNV.VI): FY 2006 Special Dividend Payment Date Greene King (GNK.LN): 1H 2006 Dividend Payment Date Porsche (POR3.XE): FY 2006 Special Ex-Dividend Date (END) Dow Jones Newswires January 29, 2007 01:42 ET (06:42 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 29 Jan 2007 06:45 GMT DJ EUROPEAN MORNING BRIEFING: Stocks Firmer As Crude Spikes (This repeats an item published at 0603 GMT) DJIA 12487.02 -15.54 -0.12% Nasdaq 2435.49 +1.25 +0.05% S&P 500 1422.18 -1.72 -0.12% FTSE 100 6228.00 -41.30 -0.66% Xetra DAX 6690.34 -29.24 -0.44% CAC40 5582.30 -26.90 -0.48% Above are closing prices Nikkei 225 17437.28 +15.35 +0.09% Hang Seng 20219.55 -61.58 -0.30% S&P/ASX 200 5760.40 -9.50 -0.16% Taiwan Index 7761.12 -60.20 -0.77% S.Korea Kospi 1362.14 -9.19 -0.67% Dow Future 12412.00 -11.00 -0.12% NASDAQ Future 1778.00 -1.25 -0.10% S&P Future 1426.50 -1.00 -0.11% Above are as of 0515 GMT USD/JPY 121.77-80 +0.26% Range 121.82-121.44 EUR/USD 1.2904-07 -0.12% Range 1.2926-1.2900 AUD/USD 0.7739-41 +0.06% Range 0.7742-0.7725 GBP/USD 1.9584-88 -0.09% Range 1.9616-1.9577 USD/CHF 1.2541-44 +0.08% Range 1.2549-1.2524 Above are as of 0450 GMT vs NY close USD/JPY 1M Vol Option Contract 6.98/7.22% EUR/USD 1M Vol Option Contract 5.80/6.05% AUD/USD 1M Vol Option Contract 6.78/7.02% GBP/USD 1M Vol Option Contract 6.37/6.67% USD/CHF 1M Vol Option Contract 6.38/6.63% Above are as of 0500 GMT vs NY close 2Y Tsy 99 26/32 - unch 4.97% +0.4 BP 5Y Tsy 99 15/32 - N/A 4.87% +1.3 BP 10Y Tsy 98 1/32 dn 3/32 4.88% +1.2 BP 10Y JGB Closed Closing Treasury prices vs prior NY close Asian Spot Gold $646.25 +$0.90 +0.14% Comex Gold $646.70 +$1.90 +0.30% Brent Crude Oil $55.76 +$0.47 +0.91% Above are as of 0520 GMT vs NY close EUROPEAN OUTLOOK & US/ASIAN SUMMARIES: European stocks are likely to open in positive territory as investors shrug off Wall Streets reverse Friday, with the spike in crude prices supporting the energy sector. The dollar is unlikely to make much ground against its European rivals and bonds are set for a fairly benign session despite the prospect of higher interest rates. STOCKS: Despite signals that rates are likely to rise on both sides of the Atlantic, investors should take heart from New Yorks resilience on Friday, pushing stocks higher to start. U.K. spreadbettor Cantor Index is calling the FTSE up 6 points at 6234, the DAX up 21 at 6711 and the CAC up 15 at 5597. However, the short-term direction for shares is uncertain as fears grow over tightening global economic policy. "What the bond markets are telling us is that the central banks have not finished raising interest rates so I think volatility will be induced by this interest rate background," said Mike Lenhoff, head of research at stockbroking firm Brewin Dolphin. "I think the markets will trade sideways in the short term until the interest rate outlook is clearer," said Lenhoff. In corporate news, Deutsche Telekom Sunday cut its sales forecast for 2006 as the customer exodus at its fixed-line service continued in the fourth quarter despite the introduction of new tariffs in September. It also reduced its earnings guidance for 2007. Infineons earnings, due around 0630 GMT, will highlight the technology sector Monday. The Federal Reserves meetings Tuesday and Wednesday will likely keep U.S. markets on hold after a mixed Wall Street finish Friday, as investors sort through the latest data to gauge whether the Fed might soften its stance. Steven Goldman, chief market strategist for Weeden & Co., said the recent retreat in stocks should offer buying opportunities. He said the market isnt "terribly overbought, but had been listlessly moving up" and believes "pulling back allows the market to clean out its excess." Verizon Communications is the pick of the U.S. earnings Monday. Most Asian stock markets were weaker but trading in tight ranges at the midday mark, with investors on the sidelines ahead of the upcoming quarterly earnings season. The Hang Seng continued its downward trend as concerns arose regarding mainland China and possible tightening measures being implemented on a macro-economic scale in order to reign-in the economy. FOREX: The euro is starting the European session slightly firmer, after a mixed trading day Friday while the market awaits additional U.S. data and a Federal Reserve meeting this week. "The market is unwilling to sell (the euro against the dollar) even more until there is further confirmation," that the U.S. economy is firming up, Matthew Strauss, currency strategist at RBC Capital Market said. "That confirmation will have to come from (this) weeks gross domestic product data, the Fed becoming more hawkish, or the employment data," Strauss said. "That will tell the market whether (the euro) should break lower than $1.29 and continue, or if it should reverse," he said. BONDS: Prices of European government bonds are likely to level off Monday, after falling on Friday in line with Treasurys. The market opens the new week with expectations intact that the European Central Bank will hike interest rates more than once this year, analysts said. Investors in U.S. Treasurys took a breather from heavy selling on Friday, with the market ending mostly lower after a decidedly negative week. Investors worried that the housing slump may bottom out soon and keep the Fed from easing. "Although the demand for new housing is well past its peak, it now appears to be stabilizing," said Steve Wood, who leads forecasting firm Insight Economics. But on a less positive note, he added, "inventories of unsold new homes remain very high, revealing moderate overbuilding and suggesting further weakness in housing starts and construction spending." The Fed meets this week and no change in monetary policy is expected with the stress still on inflation vigilance. ENERGY: Nymex crude held on to Fridays gains with sentiment finding support from the weather outlook in the key U.S. heating market. "Breezy and cold will be the watchwords for the Northeast at the start of the workweek," said forecaster Weather.com. Any upside however may be limited, dealers said, partly on lingering doubts about OPECs compliance to output cuts. "Dont expect any major moves perhaps until...Wednesday when the markets will next be in a position to judge yet another set of inventory data," Edward Meir at Man Financial says of weekly DOE statistics. On Friday, Oil prices rose $1.19 to settle at $55.42 a barrel Friday on concerns that producers were in fact complying with OPECs production cuts and on expectations of continued blustery weather in the northeastern United States. Brent crude settled at $55.29 a barrel, up $1.17. METALS: Spot gold in Asia was last at $646.25 and will likely hover around or slightly below $650/oz, following the "zigzag" of crude oil, said Dresdner Kleinwort Wasserstein. LME copper was last at $5,845/ton, up $45 from Fridays PM kerb. But dealers expected narrow movements pending U.S. data and the Fed meeting this week. CALENDAR: Monday, Jan. 29: UK House Prices; US Factories GMT Expected Previous 0900 ITA Nov Large firms labor indicators 1100 UK NIESR press conference ahead of Tuesdays review of UK and World economies 1100 UK Jan Distributive Trades Survey +10 +25 1215 UK Foreign Secy Beckett meets Mexico Foreign Min Espinosa 1530 US Jan Dallas Fed Mfg Production Index -5.2 1700 US Dec Chicago Fed Midwest Mfg Index +0.3% 1715 UK India Fin Min Chidambaram speaks at the London School of Economics 2000 US 1Q Tsy borrowing needs N/A ITA Jan Business Confidence Survey 96.2 96.7 N/A UK Dec IMA Investment Fund Statistics -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com Corrected January 29, 2007 03:05 ET (08:05 GMT) (MORE TO FOLLOW) Dow Jones Newswires January 29, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 29 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Infineon (IFX): 1Q Earnings Average net profit (DJ, 10 analysts): EUR100M (EUR183M net loss) Average sales: EUR2.28B (EUR1.67B) Note: Favorable memory chip market is also seen to have propelled sales +36%. But analysts brace for steep loss at wireless chip unit as it will be the first quarter without revenues from its former largest customer BenQ. Infineon reports at around 0630 GMT. OTHER SCHEDULED EVENTS: Active Capital Trust (AIT.LN): 1H Earnings Advanced Vision Technology (VSJ.XE): Q4 & FY Earnings Alten (7194.FR): FY Revenue Amino Technologies (AMO.LN): FY Earnings April Group (3868.FR): FY Revenue Asgaard Development (ASGDEV.KO): AGM Barbara Bui (6278.FR): FY Revenue Bonduelle (6393.FR): 1H Revenue Cairn Energy (CNE.LN): Trading Update Endesa (Spain) (ELE.MC): FY Earnings Face Cosmetics (FCE.LN): FY Earnings Filtronic (FTC.LN): 1H Earnings Gameloft (7960.FR): 4Q Revenue Hornby (HRN.LN): Trading Update Jessops (JSP.LN): AGM Manitou B F (3860.FR): FY Revenue Novatek (NVTK.RS): FY Revenue Tottenham Hotspur (TTNM.LN): AGM Wincor-Nixdorf (WIN.XE): 1Q Earnings & AGM (MORE TO FOLLOW) Dow Jones Newswires January 29, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 29 Jan 2007 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates African Oxygen (AFX.JO): FY 2006 Special Dividend Payment Date Albemarle & Bond (ABM.LN): FY 2006 Dividend Payment Date Christian Salvesen (SVC.LN): 1H 2006 Dividend Payment Date EVN (EVNV.VI): FY 2006 Special Dividend Payment Date Greene King (GNK.LN): 1H 2006 Dividend Payment Date Porsche (POR3.XE): FY 2006 Special Ex-Dividend Date (END) Dow Jones Newswires January 29, 2007 01:45 ET (06:45 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 29 Jan 2007 07:50 GMT DJ CORRECT: =EUROPEAN MORNING BRIEFING: Dlr Under Pressure EUROPEAN OUTLOOK & US/ASIAN SUMMARIES: The dollar is unlikely to make much ground against its European rivals and bonds are set for a fairly benign session despite the prospect of higher interest rates. (In "=DJ EUROPEAN MORNING BRIEFING: Stocks Firmer As Crude Spikes," published at 0603, 0642 and 0645 GMT, the expected performance of the dollar was misstated). (END) Dow Jones Newswires January 29, 2007 02:50 ET (07:50 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.


 

Copeinca, one of Peru's largest fishmeal and fish oil producers, successfully started trading as its shares were listed on the Oslo Stock Exchange (OSE) on 29 January 2007. Copeinca joins a peer group of nine fishing companies already listed on the OSE, the combined market capitalization of which is valued at close to USD 8 billion. The Company is the first foreign fishing company to be listed. - This is a historic moment in Copeinca's history and a historic moment for the OSE. The Norwegian stock market is becoming the centre for global competence for fish-related companies and provides an exciting base from which to execute Copeinca's growth strategy, says Samuel Dyer Coriat, CEO of Copeinca. In December 2006 Copeinca ASA successfully carried out a private placement of USD 100 million, consequently moving from a family-owned business to a group with approx. 150 shareholders. Several international and Norwegian private and institutional investors are among the new shareholders. The proceeds from the placement will be used for on-going and future acquisitions, contributing to making Copeinca the leading consolidator within the fishmeal and fish oil industry worldwide. - We have been among the fastest growing fishmeal and fish oil producers in Peru for several years. With the enhanced strength represented both by the capital already raised and the potential availability of further capital through today's listing, we are better positioned than ever to continue on our path and deliver on our ambition to become the leading player in our industry, says Wilfredo Caceres Monroe, Chairman of Copeinca. Depending on the annual country quota, Copeinca produces 80,000 - 100,000 MT of fishmeal annually from its five plants, most of which is destined for international markets. World demand for fishmeal is increasing, especially from China, which today is Copeinca's largest export market. Copeinca was founded by the Dyer family in 1994, acquiring its first plant, located in Bayovar, with processing capacity of 70 MT/h in the same year. In the 12 years since, processing capacity has grown to 552 MT/h. The first three vessels, acquired in 1996, had a total capacity of 600m3. Copeinca has since increased its total vessel capacity more than 14-fold, currently operating 29 anchovy vessels with a total capacity of 8,800m3. Copeinca has a strong management team and is dedicated to its corporate governance principles. In 2005, the company also became the first company in the Peruvian fishing sector to publish an annual sustainability report, which now is an integral part of the company's activities and environmental considerations. Glitnir Securities acted as manager for the listing of the Copeinca Shares on the Oslo Stock Exchange. For further information, please contact: Samuel Dyer Coriat, CEO Direct: +511 213 4004 Mobile: +511 9353 3791 Wilfredo Caceres Monroe, Chairman Direct: +511 213 4004 Mobile: +511 9353 3793 To learn more about Copeinca ASA and world fishmeal production, please visit our website at www.copeinca.com About Copeinca ASA Copeinca is one of the largest fishmeal and fish oil producers in Peru. The company produces its fishmeal and fish oil from anchovy harvested off the coast of Peru. The majority of its production is exported. Key countries for export are China, Japan, Germany, Canada, Chile and Denmark. Typical customers are producers of fish feed and animal feed. Copeinca runs its operations out of Lima and has its fleet and five plants located in strategic locations from the centre to the north coast of Peru. The company has around 1,400 part and full time employees.


 

Date, 2007-01-29 Stockholm - Net Insight has received an order to expand Digita's digital terrestrial television network in Finland. Digita has previously chosen Net Insight's Nimbra platform to cover northern Finland. With the new order Digita continues to deploy the Nimbra platform in its DTT regional and national network. The equipment will be used to adapt DTT signals to Digita's existing transmission network. The order will be delivered during the first quarter of 2007. Digita, the Finnish operator of the national network for digital terrestrial television (DVB-T) is one of the worldwide pioneers within DVB-T and with vast know-how and experience from various DVB-T network solutions. The current Nimbra network has been operational since 2005 in northern Finland. Digita has now chosen to also base the network in southern Finland on the Nimbra platform. "We are very satisfied with the Nimbra based network we currently operate. It has proven to be cost-efficient, scalable, and easy to manage and it truly delivers 100% quality of service. That's why we now continue with Net Insight's technology for the build out of our network." says Kari Risberg, Technical Director of Digita. "We are pleased to be selected for the expansion of the Digita network", says Fredrik Trägårdh, CEO of Net Insight. "Our solution will also enable Digita to deliver future new services in the network". For more information, please contact: Fredrik Trägårdh, CEO of Net Insight AB Phone: +46 8 685 04 00 E-mail: fredrik.tragardh@netinsight.net About Net Insight Net Insight develops video, voice and data networking equipment that delivers guaranteed 100% QoS with maximum network utilization and multicast to provide a network that can efficiently and economically deliver advanced video services such as HDTV, Video on Demand and Digital Television combined with Internet and voice traffic. Our NimbraTM platform enables our customers to launch new revenue generating TV and video related services for Broadcast TV, CATV, Telco Triple Play and DVB-T with significantly reduced CAPEX and OPEX. Net Insight is quoted on the Stockholm Stock Exchange's list Swedish Shares - Small Cap, and has offices in Sweden and the USA. For more information, visit www.netinsight.net About Digita Oy Digita Oy is the leading Finnish distributor of radio and television services, and an important developer of data communication networks and network infrastructure. Digita's nationwide organization ensures the high quality of services 24 hours a day. Digita's customers include television and radio broadcasting companies, as well as mobile and broadband operators. The company's turnover was 97 million euros in 2005 and it employs 380 people. Digita is part of the international TDF Group


 

Nordic Business Report-January 29, 2007-Bjorge ASA wins contract extension from Talisman Energy Norge AS (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian industrial products and services provider Bjorge ASA said on Monday (29 January) that its lifting and crane technology unit Kran & Lofteteknikk has received a two-year contract extension from Talisman Energy Norge AS. The new agreement extends by two years an existing framework contract for crane and lifting equipment maintenance. The agreement is valued at approximately NOK15m. Bjorge, headquartered in Stavanger in Norway, provides products and services for the oil and gas, land-based and marine industries. The company is listed on Oslo Stock Exchange and traded under the ticker BJORGE. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Danish plastic components maker SP Group A/S increases stake in Dutch subsidiary TPI Polytechniek BV (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Danish moulded plastic components and coatings manufacturer SP Group A/S said on Monday (29 January) that it has increased its ownership interest in its Dutch subsidiary TPI Polytechniek BV from 60% to 70% for an undisclosed sum in cash. TPI Polytechniek, based in s-Hertogenbosch in the Netherlands, manufactures polyurethane ventilation equipment for poultry and pig houses, as well as industrial buildings. The company has a turnover of DKK36m. "The acquisition of the shares is part of SP Groups efforts to get a more clear structure in the group and to reduce the minorities when relevant," SP Group said. SP Group, headquartered in Juelsminde in Denmark, is a leading supplier of plastic manufactured products for the manufacturing industry in Denmark and has significant exports and production from own factories abroad. SP Group is listed on the Nordic Exchange in Copenhagen. One British pound (GBP) is worth approximately 11.07 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Geo ASA to acquire support vessels operator DOFCON ASA (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian offshore services provider Geo ASA said on Monday (29 January) that it has entered into agreements to acquire a total of 78.7% of the share capital of DOFCON ASA, a subsidiary of DOF ASA. The transactions are to be carried out as share deals in which Geo offers 3.45 new shares of Geo for each share of DOFCON. Geo also said that it will also "as soon as practically possible" make an offer for all remaining shares. DOF is the majority shareholder of Geo with a 51.1% stake. DOFCON operates seven multi-purpose support vessels. 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 and traded under the ticker GEO. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Net Insight AB wins new digital terrestrial television platform order in Finland (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish video, voice and data networking equipment developer Net Insight AB said on Monday (29 January) that it has received a new order for its Nimbra platform from Finnish national digital terrestrial television (DTT) network operator Digita Oy. Digita is already using the Nimbra platform to adapt DTT signals to its existing network in northern Finland, and has now chosen it also for its network in southern Finland. The value of the new order was not disclosed. Net Insight, headquartered in Stockholm, Sweden, has offices in Sweden and the US. 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-January 29, 2007-Perus Copeinca ASA becomes first non-Norwegian fishing company on the Oslo Stock Exchange (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Peru-based fishmeal and fish oil producer Copeinca ASA has become the first non-Norwegian fishing company to be listed on the Oslo Stock Exchange (OSE). "This is a historic moment in Copeincas history and a historic moment for the OSE. The Norwegian stock market is becoming the centre for global competence for fish-related companies and provides an exciting base from which to execute Copeincas growth strategy," said Samuel Dyer Coriat, CEO of Copeinca. Copeinca, headquartered in Lima, is Perus fastest growing fishmeal and fish oil producer, operating five plants and a fleet of 29 anchovy vessels. The company has 1,400 part and full time employees. In connection with the listing Copeinca carried out a private placement of USD100m. The proceeds from the placement will be used for on-going and future acquisitions. "With the enhanced strength represented both by the capital already raised and the potential availability of further capital through todays listing, we are better positioned than ever to continue on our path and deliver on our ambition to become the leading player in our industry," commented Wilfredo Caceres Monroe, chairman of Copeinca. Copeinca is traded on the Oslo Stock Exchange under the ticker COP. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Amsterdam - 29 January 2007 Today, ING Group announces to target for carbon neutrality by the end of this year, through the reduction and/or compensation of all its global carbon emissions. ING will reach carbon neutrality by extending its current energy programme by the following measures: * Continuing efforts to increase energy efficiency * Expanding the purchase of green energy * Compensation of all remaining CO2 emissions through reforestation ING already compensates all of its global business travel by supporting the planting and rehabilitation of 300 hectares of degraded tropical rainforest in Malaysia. And, as from January 2007, all electricity purchased for the Dutch ING offices come from renewable sources. The current and new measures are expected to result in a net CO2 emission of zero, which will make ING carbon neutral by the end of 2007. Michel Tilmant, chairman of ING Group, stated: "ING is committed to conducting its business responsibly. Environmental protection is a fundamental part of this commitment. Climate change, or global warming, is widely considered to be one of the greatest challenges facing our planet. ING has a role to play by developing strategies to manage the increasing risks and opportunities involved." ING will issue a climate change statement in the coming months to express its commitment communicated today in more detail. In the coming years, ING will research the possibilities to further increase existing renewable energy financing and to initiate new carbon friendly products. +---------------------------------------------------------------+ | Press enquiries: | | Debbie Brand, ING Group +31 20 541 6526, debbie.brand@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.


 

The QIAcube Creates New Dimension of Utility for any User Conducting Molecular Biology VENLO, The Netherlands, January 29, 2007 - QIAGEN N.V. (Nasdaq: QGEN, Frankfurt, Prime Standard: QIA), the worldwide leading provider of sample and assay technologies for life sciences, applied testing and molecular diagnostics, today announced the launch of the QIAcube - a compact platform incorporating novel and proprietary technologies that allows users to fully automate the processing of almost all QIAGEN consumable products that today are used manually in over 40,000 laboratories throughout the world. QIAcube creates a new dimension of utility and opportunities to free up time, reduce costs and increase performance for customers in any laboratory in research, applied testing and molecular diagnostics. The platform will be launched for use with over 100 protocols which address almost any need in sample processing. The protocols are based on the identical QIAGEN consumable products used manually today - enabling fast and effortless migration of existing QIAGEN consumable users to the QIAcube. The QIAcube was created to allow a new level of ease of use and is priced at a fraction of current instrumentation products. With QIAcube, QIAGEN is launching an extremely versatile, compact system in the low to medium throughput range. The QIAcube therefore expands QIAGEN's current portfolio of automation platforms which address mid and high throughput needs as well as certain specialized applications. The QIAcube's ease of use, throughput and application bandwidth, and value profile make it a very attractive solution for every laboratory conducting molecular biology. Sample processing is a critical step in any sample analysis and is performed in every laboratory conducting molecular biology. Hundreds of different sample processing applications exist - depending on the sample and the target analyte (i.e., different forms of DNA, RNA, proteins, etc.). QIAGEN, the market and technology leader in sample technologies, offers by far the broadest portfolio of consumables addressing these applications. Several hundred proprietary technologies incorporated in QIAGEN consumables allow the highest levels of quality and performance. By running the same QIAGEN consumables on the QIAcube, users can free up significant time and enjoy even higher performances of already proven standards. "QIAcube is a revolutionary new platform which marks a new era of possibilities and efficiencies in sample processing," said Peer Schatz, Chief Executive Officer of QIAGEN. "The QIAcube allows users to enjoy an even higher level of value of our QIAGEN consumable products. It offers extensive capabilities in sample processing and is offered for use with over 100 existing standard QIAGEN protocols. The QIAcube also presents a level of user-friendliness previously unseen in our industry. These factors as well as its price which makes it accessible to any laboratory, give QIAcube the potential to become a core platform in research, applied testing and molecular diagnostics laboratories." About QIAcube: * Target customers: Over 40,000 laboratories in research, applied testing and molecular diagnostics * Applications: low- to medium throughput (up to 12 samples per run) >100 spin-column based protocols for DNA, RNA, protein sample processing * Developed by QIAGEN: includes proprietary technologies * Size / weight: 65 cm (25.5 in) X 57 cm (22.4 in) X 62 cm (24.4 in) / 70.5 kg (155 lbs) * Pictures are available at http://www.qiagen.com/goto/qiacubeimages/ QIAcube is intended for laboratory use only. No claim of representation is intended for its use to provide information for the diagnosis, prevention or treatment of a disease. About QIAGEN: QIAGEN N.V., a Netherlands holding company, is the leading provider of innovative sample and assay technologies and products. The products are considered standards in areas such as pre-analytical sample preparation and molecular diagnostics solutions. QIAGEN has developed a comprehensive portfolio of more than 500 proprietary, consumable products and automated solutions for sample collection, nucleic acid and protein handling, separation, and purification and open and target specific assays. The company's products are sold to academic research markets, to leading pharmaceutical and biotechnology companies, to applied testing customers (such as in forensics, veterinary, biodefense and industrial applications) as well as to molecular diagnostics laboratories. QIAGEN employs more than 1,900 people worldwide. QIAGEN products are sold through a dedicated sales force and a global network of distributors in more than 40 countries. Further information about QIAGEN can be found at www.qiagen.com. Certain of the statements contained in this news release may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. To the extent that any of the statements contained herein relating to QIAGEN's products, markets, strategy or operating results are forward-looking, such statements are based on current expectations that involve a number of uncertainties and risks. Such uncertainties and risks include, but are not limited to, risks associated with management of growth and international operations (including the effects of currency fluctuations and risks of dependency on logistics), variability of operating results, the commercial development of the applied testing markets, clinical research markets and proteomics markets, nucleic acid-based molecular diagnostics market, and genetic vaccination and gene therapy markets, competition, rapid or unexpected changes in technologies, fluctuations in demand for QIAGEN's, products (including fluctuations due to the level and timing of customers' funding, budgets, and other factors), our ability to obtain regulatory approval of our infectious disease panels, difficulties in successfully adapting QIAGEN's products to integrated solutions and producing such products, the ability of QIAGEN to identify and develop new products and to differentiate its products from competitors' products, market acceptance of QIAGEN's new products and the integration of acquisitions of technologies and businesses. For further information, refer to the discussions in reports that QIAGEN has filed with, or furnished to, the U.S. Securities and Exchange Commission (SEC). ### Contacts: Dr. Solveigh Mähler Director IR/ PR Tel: 0049-2103-29-11710 Email: solveigh.maehler@qiagen.com Dr. Thomas Theuringer Manager Public Relations Tel: 0049-2103-29-11826 Email: thomas.theuringer@qiagen.com --- End of Message --- WKN: 901626; ISIN: NL0000240000; Index: HDAX, MIDCAP, Prime All Share, TECH All Share, TecDAX; Listed: Prime Standard in Frankfurter Wertpapierbörse, 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;


 

January 29, 2007. British Virgin Islands/Dubai: SeaBird Exploration Limited (BVI) ('SeaBird'or 'SBX') and Økland Fiskebåtrederi AS (Økland) have entered into a 5 year firm bareboat charter with 3 x 1 year options for the vessel Newfoundland Otter, TBN Munin Explorer, a 1990 built Norwegian trawler under conversion to a Seismic ship. Økland will carry out the conversion to a Source/2D vessel at their cost with the exception of the cost of the Air Guns and the Streamer. The contract value for the firm period is approximately USD 33 million and is scheduled for commencement in June 2007. SeaBird has an option to purchase the vessel during the firm 5 years period. For further queries contact: Dag Reynolds CEO SeaBird Exploration Limited Phone:+47 90883737 Geir Olsen CFO SeaBird Exploration Limited Phone +47 91639367 - - - SeaBird Exploration Limited (BVI) `SeaBird` is a global provider of marine 2D and 3D seismic data, solutions for seabed acquisition of 4C/4D multimode seismic, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow water 2D/3D market. Main focus for the company is proprietary seismic surveys (contract seismic). SeaBird does not have a multi-client data library. Main success criteria for the company are an unrelenting focus on Quality, Health, Safety and Environment (QHSE), combined with efficient collection of high quality seismic data. SeaBird operates a seismic fleet of 6 vessels with three additional vessels under conversion. All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.


 

Nordic Business Report-January 29, 2007-Eastpoint AB signs letter of intent to acquire Internet marketing company Affiliator AB (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish Internet marketing services and solutions provider Eastpoint AB said on Monday (29 January) that it has signed a letter of intent to acquire Internet marketing company Affiliator AB. The acquisition will strengthen Eastpoints subsidiary GetUpdated AB, and make it Swedens "most complete" Internet marketing company, said Mattias Kaneteg, CEO of GetUpdated. Kaneteg also said that after the acquisition of Affiliator GetUpdated can begin the European roll-out of its concept. "The first market after Sweden and Norway will be England," Kaneteg said. Eastpoint, headquartered in Stockholm, Sweden, provides web production, marketing, web hotel and operating services. The company has 107 employees and 55,000 customers in Sweden and Norway. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-SeaBird Exploration Ltd charters source/2D vessel (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian-controlled international seismic services company SeaBird Exploration Ltd said on Monday (29 January) that it has signed a five-year bareboat charter for source/2D vessel with Norwegian company Okland Fiskebatrederi AS. The USD33m contract covers the charter of the trawler Newfoundland Otter, currently under conversion and renaming to Munin Explorer. The agreement includes options for three one-year periods, in addition to which SeaBird Exploration can choose to purchase the vessel. SeaBird Exploration, based in Dubai and Oslo, is one of the worlds largest 2D, source and shallow-water 2D/3D seismic services providers. The company is listed on the Oslo Stock Exchange and traded under the ticker SBX. One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 29, 2007-Ticket Travel Group AB cancels plans to acquire Kilroy Travels International A/S (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish travel group Ticket Travel Group AB said on Friday (26 January) that it has terminated its talks to acquire Danish-based pan-Nordic travel agency chain Kilroy Travels International A/S. The parties were unable to agree on the purchase price. "We continue to look at further acquisitions in the Nordic countries, at the same time as we continue the organic work to make Ticket more profitable. Our vision is to become the leading travel operator in the Nordic countries," said Lennart Kall, CEO of Ticket Travel Group. Ticket Travel Group sells private travels from all leading charter and travel operators, as well as airlines and hotel operators. The group has 85 outlets in Sweden and Norway, and annual sales of approximately SEK3bn. Ticket Travel Group is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Reykjvik (IFN) An acquisition by Icelandic generic drug maker Actavis of Merck KGaAs generics arm would be a very good fit with regards to geographical distribution, says Glitnir analyst Jonas Fridthjofsson.He says such an acquisition would be positive and logical for Actavis goal to become one of the top three players in the generics business. However, he adds he expects it to be a hard bidding battle."There will be some serious names in the game and maybe private equity firms as well," he says. Has hold recommendation on the share.


 

Emitter of Financial Instrument: GPC Biotech AG, Fraunhoferstr. 20, 82152 Martinsried The below-mentioned transactions of Dr. Bernd R. Seizinger are being sold pursuant to a pre-arranged stock trading plan, designed to comply with Rule 10b5-1 of the United States Securities Exchange Act of 1934, as amended, the insider trading rules of the German Stock Trading Act (Wertpapierhandelsgesetz) and GPC Biotech AG's insider trading policy. Under Rule 10b5-1, corporate insiders are permitted to establish a pre-arranged written stock trading plan at a time when the insider is not aware of any material non-public information (inside information). Subsequent receipt by the insider of inside information will not prevent the pre-arranged transaction under the plan from being executed. Dr. Seizinger has no control over the timing of the sales under the plan. Dr. Seizinger entered into such a pre-arranged trading plan with CSFB International on July 7, 2006, during a trading window and at a time when he had no inside information. The plan covers a portion of Dr. Seizinger's cash settled share options he holds under a pre-existing arrangement with CSFBi. On July 7, 2007 the plan covered 15.3% of his entire holdings in GPC Biotech AG. Future sales under the plan will continue to occur in a systematic manner with pre-determined trigger prices and with the goal of minimizing market impact by spreading such sales over a more extended period of time than would be available using traditional trading periods. All transactions under the plan will be disclosed in accordance with applicable German and US securities laws. Except as required by law, GPC Biotech AG does not undertake to report plans by other officers or directors, nor to report modifications, terminations, transactions or other activities under the plans. Name Dr. Bernd R. Seizinger (Chief Executive Officer) Financial Instrument Cash settled stock options (via CSFBi) ISIN DE0005851505 Classification of Exercise and sale of stock options with strike transaction price of EUR 1.16 ("cashless exercise via CSFBi") Date 01/19/2007 Place Xetra Price 22.06 (average) Currency Euro Number of shares 25,730 567,603.80 (actual proceeds after deduction of Volume strike price and before tax and expense: EUR 537,757) Name Dr. Bernd R. Seizinger (Member of Management Board) Financial Instrument Cash settled stock options (via CSFBi) ISIN DE0005851505 Classification of Exercise and sale of stock options with strike transaction price of EUR 3.98 ("cashless exercise via CSFBi") Date 01/19/2007 Place Xetra Price 22.06 (average) Currency Euro Number of shares 35,700 787,542 (actual proceeds after deduction of Volume strike price and before tax and expense: EUR 645,456) GPC Biotech AG Martin Braendle Director, Investor Relations & Corporate Communications Phone: +49 (0)89 8565-2693 ir@gpc-biotech.com


 

More Orders On The Horizon Are Planned For 2007 VANCOUVER, British Columbia, January 26, 2007 - Maple Seal Homes Ltd. "MSH" http://www.maplesealhomes.com 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 met with its clients and European partners earlier in the year and has been receiving several more inquiries for its panelized prefabricated homes to be shipped in France and the United States of America. Maple Seal Homes has received several inquiries from the Western States of the USA and has already met with some of the clients earlier this year in order to show them the state of the art production facility of its manufacturing partner in British Columbia Canada. MSH has met with its European partner and with some of its clients from the United States and is looking forward to meet more of its potential clients in the months that will follow. In addition, MSH's European partner has informed MSH that some of the initial orders planned for later in 2007 might come to fruition earlier than predicted. MSH is now working diligently with its manufacturing partner and its European partner in order to get all the technical and relevant information together to present a solid package to any potential builder in France. MSH estimates that by March 2007, it will have enough material to present to a few more potential clients representing over 100,000 square feet of potential construction for 2008. In addition to its efforts in France, MSH is in contact with its U.K. partner in order to gauge the timing of the potential building of up to twenty eight new homes on a pristine golf course in the United Kingdom and move on to more such projects. The United Kingdom is a large market for MSH and estimates of 20,000 square feet of construction by 2009 are very probable for MSH is this pattern continues. The Company is also working with its manufacturing partner to seal a deal any day in which MSH would receive a set fee per square feet of construction throughout the USA and Canada for each client that MSH would pass on to its manufacturer. This is a very good arrangement as it permits MSH to concentrate its sales and service force for Europe and at the same time will permit it to benefit from potential sales coming through the USA and Canada. MSH is already planning a strategy to build a network of sales agents throughout the USA for the year 2007 and 2008. MSH is looking forward to having more development news in the foreseeable future and is confident that sales are going to increase on a yearly basis over the next five years in the European continent and in the United States of America. 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


 

OTTAWA, ONTARIO -- (MARKET WIRE) -- 01/26/07 -- Tropic Networks(R), the developer of Wavelength Tracker powered metro regional ROADM systems, announced today that it has now confirmed that the combination of three technologies will allow us to measure chromatic dispersion in fiber networks in addition to our existing and field-proven capabilities to uniquely identify wavelengths (including multiple instances of the same ITU grid wavelength), and measure and adapt to fiber loss. The three technologies involved in this breakthrough are: - Wavelength Tracker tagging and decoding technology; - full C-band tunable transponders; - colorless add/drop capability on our WSS ROADM modules. Measuring and compensating chromatic dispersion becomes an increasingly important issue in optical transmission networks. Chromatic dispersion limits the optical network reach and data rate that the network can support. Therefore, determining and compensating chromatic dispersion is a critical step in the building of geographically large and high data rate optical networks. "This breakthrough is significant in so many ways" said Rob Lane, Vice President, Sales and Marketing. "Having the ability to measure and adjust automatically for chromatic dispersion in-service will reduce network costs as the need for wide-range, per-wavelength tunable compensation is eliminated. It will enable the use of lower-cost, pluggable DWDM XFPs on directly-connected client devices that have lower dispersion tolerances. It will allow for automatic network 'tuning' as we move to broader optical mesh deployments and to 40G transmission speeds. Our customers will experience faster network and service provisioning times, resulting in faster time to revenue and a drop in network costs and spares inventory". "Traditional methods of accurately compensating for chromatic dispersion typically involve measuring every fiber span in a optical network individually using external dispersion measurement equipment, and applying pre-defined bulk dispersion compensation modules at pre-determined points in the optical network. This makes the existing methods of measuring and compensating for chromatic dispersion expensive, inefficient, intrusive and labor intensive" said Ben Bacque, Vice President, Research and Development. "More recently, 40Gb/s transponder suppliers have been developing per-transponder tunable dispersion compensation, which drives up transponder costs. This new Wavelength Tracker capability is unique, in that it will allow us to use lower-cost transponders at both 10Gb/s and 40Gb/s. It is the next step in the evolution of our Wavelength Tracker technology. We have moved the application from its first use as a simple passive wavelength monitoring function, to its use in our closed-loop automated loss adaptation and power control functions, and now we are able to fully characterize the plant for both loss and chromatic dispersion, all using the same Wavelength Tracker hardware that is already in-service. This new capability will be implemented in an upcoming software release based on existing, proven and deployed hardware." About Tropic Networks Tropic Networks offers a new generation of static and reconfigurable OADM/DWDM solutions to help service providers minimize costs and maximize profits. The Tropic Networks TRX-24000(TM) metro-regional DWDM platform integrated with patented Wavelength Tracker, advanced optical layer management technology, allows service providers to grow, simplify and manage their optical infrastructures, while leveraging existing network assets. Headquartered in Ottawa, Canada, Tropic was founded in May 2000. The company is privately held and venture capital backed. Contacts: Tropic Networks Inc. Tracy Trottier 613-270-5300 ttrottier@tropicnetworks.com


 

Vancouver, January 24, 2007 - Global Developments, Inc. (PINKSHEETS: GDVM), a publicly traded venture capital company, is pleased to provide the following update with respect to Red Truck Entertainment, a Phoenix and Nashville based recording, film, and distribution company in which Global holds an equity stake. Red Truck Entertainment today announced that its recording of "Destinations" by emerging country artist Danny Griego has been given an early launch on iTunes, ahead of its general release on February 13, 2007, as part of its general marketing strategy of the album. About Red Truck's Marketing Plan Red Truck's marketing plan has included identifying and targeting specific audiences to promote "Wal-Mart Girls", the music video single from the album, and the full-length album "Destinations". Two 30-second trailers of the music video was aired during the Independence Bowl on December 28, 2006, that showed a link to the music video's website. The Company also featured the music video on over 1,000 screens in 96 movie theaters, and released the song to approximately 600 radio stations. In addition, the Company has been marketing the music video and album through MySpace.com, with an active artist website at http://www.myspace.com/dannygriegosongwriter. The full-length album, which is entitled "Destinations", is scheduled for release on February 13, 2007. About Red Truck Entertainment Red Truck Entertainment, through its subsidiaries, Lard Bucket Music, Miramonte Records, Red Truck Filmworks, and Americana Records, is engaged in the business of song and film publishing, recording and distribution. Red Truck is a vertically integrated company that wholly owns or partially owns subsidiaries that are engaged in the business of book and song publishing, music recording and film production. The company publishes and develops works by new and established writers, as well as music recording artists. Please visit http://www.redtruckentertainment.com for more information. About Global Developments Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information. Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com. Contact: Global Developments, Inc. Leighton Dean (604) 685-7552 ldean@globaldevelopmentsinc.com Source: GLOBAL DEVELOPMENTS, INC.


 

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 | Scottish Power Plc | |----------------------------------------------+--------------------| | Class of relevant security to which the | 42p ordinary | | dealings being disclosed relate (Note 2) | | |----------------------------------------------+--------------------| | Date of dealing | 25 January 2007 | +-------------------------------------------------------------------+ 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 | | | 3,197,042 | 0.21 | | options) | | | | | | | | | | | |---------------------------------+--------+-----+-----------+------| | (3) Options and agreements to | | | 1,500,000 | 0.10 | | purchase/sell | | | | | | | | | | | |---------------------------------+--------+-----+-----------+------| | Total | | | 4,697,042 | 0.31 | | | | | | | +-------------------------------------------------------------------+ (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 | 25,500,000 | 3.64 | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | Total | 25,500,000 | 3.64 | | | | | | | | | +-------------------------------------------------------------------+ (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 | Purchase | 983,862 | 746.0800 GBp | |----------+------------+---------------------------+---------------| | CFD | Short | 1,810,104 | 746.3020 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 | 26/01/2007 | |------------------------------------------------+------------------| | 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---


 

(IFN) Icelandic generic drug maker Actavis HF Friday confirmed its interested in making an offer for Merck KGaAs generic-drug arm and has secured financing for an acquisition with three banks.Actavis spokesman Halldor Kristmansson said Actavis has been in touch with Merck and is now waiting for further guidance on how they want to handle the sale of the unit.He said Actavis intends to announce the names of the appointed banks within a few days.


 

STOCK EXCHANGE ANNOUNCEMENT 26 January 2007 at 4.15 p.m. In accordance with chapter 2, section 9, of the Securities Market Act, Ingman Finance Oy Ab has reported us that, as a result of a share transaction concluded on 26 January 2007, their holdings have exceeded 10% of the share capital and votes of Incap Corporation. The issuing company and its business ID: Incap Corporation, 0608849-6 Date of change in holdings: 26 January 2007 New proportion of votes and share capital: Shareholder Business ID Number of shares Percentage of share and votes capital and votes Ingman Finance Oy 1765629-2 1,230,000 10.10 Ab Incap Corporation's share capital comprises a total of 12,180,880 shares, entitling to an equal amount of votes. INCAP CORPORATION Hannele Pöllä Director, Communications and IR Tel. +358 40 504 8296 DISTRIBUTION Helsinki Stock Exchange Principal media INCAP IN SHORT: Incap Corporation is a fast-growing electronics contract manufacturer whose comprehensive service covers the entire product life cycle from design and manufacture to repair and maintenance services. The company's main customer sectors are leading equipment suppliers in telecommunications, electrical power technology, the automation and process industries as well as measurement technology, safety electronics and health care. The Incap Group's revenue amounted 2005 of EUR 76.7 million and the company currently employs approx. 550 persons. Incap's share is listed on the Helsinki Stock Exchange and it is a component of the Nordic Small Cap list within the information technology sector. For additional information, please visit www.incap.fi


 

Nordic Business Report-January 26, 2007-Ruling made on TeliaSonera ABs acquisition of Turkcell Holding (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish-Finnish telecomms operator TeliaSonera AB said on Friday (26 January) that an arbitration tribunal of the International Chamber of Commerce has issued an award finding that a binding share purchase agreement was concluded between TeliaSonera and the Turkish company Cukurova on 25 March 2005. The ruling calls for Cukurova to sell all the remaining shares in the Turkish operator Turkcell Holding to TeliaSonera for a cash consideration of USD3.1bn, thereby increasing TeliaSoneras effective ownership in Turkcell to 64.3%. The tribunal ruled that Cukurova is obligated to join TeliaSonera in good faith efforts to bring about a closing of the Turkcell Holding transaction. The tribunal further stated that even if Cukurova proceeds to closing of the transaction, the responsibility to pay potential damages due to the delay in proceeding to closing remains, TeliaSonera said. TeliaSonera has 28,175 employees and reported net sales of SEK87.7bn in 2005. The company is listed on the Nordic Exchange in Stockholm and Helsinki. One British pound (GBP) is worth approximately 1.97 US dollars (USD). One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-TradeDoubler AB reports operating profit of SEK190.1m for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Swedish online marketing and sales solutions provider TradeDoubler AB reported on Friday (26 January) an operating profit of SEK190.1m on revenue of SEK1.74bn for the financial year 2006. Both operating profit and revenue for the 12-month period increased, respectively from SEK44.0m and SEK1.09bn, as compared to 2005. Operating profit for the fourth quarter of 2006 amounted to SEK61.1m on revenue of SEK515.8m. Earnings per share (EPS) in the fourth quarter amounted to SEK1.68, while the full-year EPS increased to SEK4.93 from SEK1.38 in 2005. The US online media group AOL LLC announced on 15 January 2007 a recommended cash offer for TradeDoubler AB. The total value of the proposed transaction is approximately SEK6,332m for all TradeDoubler shares. TradeDoublers board of directors has unanimously recommended shareholders to accept the offer. TradeDoubler is a European provider of online marketing and sales solutions. The company is headquartered in Sweden, with a presence in 17 other markets. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-UPM-Kymmene Corporation establishes new forestry company in Finland (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish paper products company UPM-Kymmene Corporation said on Friday (26 January) that it will establish a new company in Finland, Silvesta, which will specialise in forestry work. The company will focus on the planning, implementation and marketing of practical forestry work. It will also seek to strongly develop practical forestry work and thus the profitability of forestry. UPM has agreed with its forestry workers that they will transfer as of 1 May 2007 to the payroll of Silvesta Oy, a subsidiary of UPM. UPM owns 920,000 hectares of forestry land in Finland. In addition the company has approximately 9,000 separate forestry service agreements with private forest owners. UPM-Kymmene is one of the worlds leading printing paper producers with production in 15 countries and a sales network covering more than 170 companies. UPM-Kymmene is listed on the Nordic Exchange in Helsinki, 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))


 

CITYCON OYJ Stock Exchange Release 26 January 2007 at 2.55 p.m. Citycon's Extraordinary General Meeting that was held today in Helsinki authorised the company's Board of Directors to decide on a directed share issue and the terms and conditions thereof. The total number of shares to be issued may not exceed 25,000,000 shares. In accordance with the Finnish Companies Act, the authorisation remains valid for 5 years. Helsinki, 26 January 2007 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Petri Olkinuora, CEO, tel. +358 9 6803 6738 or mobile +358 400 333 256 Eero Sihvonen, CFO, mobile +358 50 557 9137 Distribution: Helsinki Stock Exchange Major media www.citycon.fi


 

Nordic Business Report-January 26, 2007-Finnlines Oyj reports preliminary profit of EUR58.2m for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish shipping company Finnlines Oyj issued on Friday (26 January) preliminary information on its financial results in 2006, reporting operating profit of EUR58.2m on revenue of EUR632.7m. Both operating profit and revenue for the 12-month period increased, respectively from EUR42.0m and EUR584.0m, as compared to 2005. The result for the fiscal year 2006 does not include any compensation relating to newbuildings and their delivery. Finnlines estimates these funds, which are to be received by the company, to be substantial. Finnlines is one of the largest European shipping companies specialising in liner cargo services. Finnlines also provides port services in Helsinki, Turku, Naantali, Kotka and Kantvik in Finland. 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-January 26, 2007-KONE Corporation reports operating profit of EUR360.1m for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish elevators and escalators maker KONE Corporation reported on Friday (26 January) an operating profit of EUR360.1m on sales of EUR3.60bn for the financial year 2006. Both comparable operating profit and sales for the 12-month period increased, respectively from EUR272.0m and EUR3.24bn, as compared to 2005. Operating profit for the fourth quarter of 2006 amounted to EUR123.4m on sales of EUR1.15bn. Earnings per share (EPS) for 2006 increased to EUR1.86 from EUR0.87 in 2005. Fourth quarter EPS amounted to EUR0.64, up from EUR0.43 in the corresponding period in 2005. The board of directors will propose a dividend of EUR1.00 per class B share. KONE said that its target for 2007 is to achieve an approximate 10% increase in net sales, calculated at comparable exchange rates, compared to 2006. The operating income (EBIT) target is to achieve growth of approximately 20% from the 2006 figure of EUR360m. In 2008 KONEs objective is to achieve an EBIT margin of about 12%. 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))


 

Storebrand invites to the following events concerning the release of the results for Q4 2006: Wednesday 14 February 2007: 08.00 CET Release of stock exchange notification. Press release, quarterly report and analyst presentation will be available. 09.00 CET Combined press and analyst conference (in Norwegian) in Oslo at Felix Conference Centre, Bryggetorget 3, Oslo. If you wish to attend, please contact Anne-S. Wilhelmsen, tel. +47 22 31 26 20 or e-mail: aw3@storebrand.no Web-TV The 09.00 presentation will be available on Web-TV (live and demand) 15.00 CET Analyst conference call in English. To participate in the conferance call please register at least 10 minutes before the presentation starts, tel: +47 80080119 (from Norway) or +47 23000400 (from Norway or abroad) If you are unable to attend the presentation, we offer you two options: To access replay of conference call tel: +47 67894091 account.no:1292 followed by # (pound sign) press 1 conference no: 292 followed by # (pound sign) press 1 to play Thursday 15 February: 14.00 GMT: Analyst conference in London in the Ostler Suite at the Chartered Insurance Institute, 20 Aldermanbury, London. To attend please contact Scandinavian Financial Communications Ltd, tel. 01263 861715 or e-mail: sfc.stevenson@btinternet.com. Press release and quarterly report will be available 14 February at 0800 CET. Oslo, January 2007 Egil Thompson Nils Robert Hodnesdal Director of Corporate Communications Vice President, Investor Relations & Corporate Finance


 

Nordic Business Report-January 26, 2007-Elanders AB divests directories printing business Elanders Tryckeri AB (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish infomedia group Elanders AB said on Friday (26 January) that it has agreed to sell its loss-making directories printing business Elanders Tryckeri AB to its managing director Leif Axelsson. The sales price including debt amounts to approximately SEK30m. Elanders Tryckeri has 190 employees and a turnover of SEK380m. The divestment of Elanders Tryckeri entails write-downs of SEK151m in 2006. Including Elanders Tryckeris expected pre-tax loss of SEK32m the group will record a pre-tax loss of SEK32m. The sale of Elanders Tryckeri means that Elanders is exiting the directories production business. "Divesting Elanders Tryckeri AB in Kungsbacka allows us to concentrate on our international expansion in other operations where we see a better potential for growth and profitability," said Patrick Holm, president and CEO of Elanders. Elanders, headquartered in Molnlycke in Sweden, is a leading global supplier of product and user information to industrial and service companies. The group has some 1,500 employees and a turnover of approximately SEK2bn. Elanders is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

The shareholders of KONE Corporation are hereby summoned to the Annual General Meeting to be held at the Finlandia Hall, address Mannerheimintie 13, Helsinki, Finland on Monday, 26 February 2007 at 11:00 a.m. Shareholder registration will begin at 10:00 a.m. The meeting shall decide on the following matters: 1. Matters pertaining to the Annual General Meeting as stated in Article 13 of KONE's Articles of Association and in Chapter 5 of Companies Act: * presentation of the parent company and consolidated financial statements and Board of Directors' Report ,as well as the auditors' reports * approval of the parent company and consolidated financial statements * measures occasioned by the profit or loss according to the approved parent company's and consolidated balance sheet * granting of discharge from liability to the members of the Board of Directors and the President & CEO * the number of members and deputy members of the Board of Directors and their remuneration * the number of auditors and their remuneration * election of the ordinary and possible deputy members of the Board of Directors and the auditors. The financial statement for the financial year 2006 as well as the Board of Directors' proposal for distribution of dividends was published on 26 January 2007. The Board of Directors proposes that a dividend of EUR 0.99 be paid for each 19 052 178 class A share and EUR 1.00 for each outstanding 106 675 697 class B share. If the Annual General Meeting approves the Board of Directors' proposal for dividends, the date of record for dividend distribution is 1 March 2007 and dividends will be paid on 8 March 2007. KONE Corporation's Compensation and Nomination Committee proposes that the number of Board Members, the Board Members and their remuneration be kept otherwise unchanged, but that the number of members be decreased from the current eight to seven and one deputy member be elected. Therefore the Board Members Antti Herlin, Sirkka Hämäläinen-Lindfors, Matti Alahuhta, Reino Hanhinen, Sirpa Pietikäinen, Masayuki Shimono and Iiro Viinanen would be re-elected to the Board and Jussi Herlin would be elected a new deputy member. Of the current Board Members Jean-Pierre Chauvarie would not be re-elected. KONE's Audit Committee proposes that authorised public accountants PricewaterhouseCoopers and Heikki Lassila be elected as auditors. 2. Proposal by the Board of Directors to authorize the Board of Directors to decide to repurchase KONE's own shares with assets distributable as profit: The shares may be repurchased in order to develop the capital structure of the Company, finance or carry out possible acquisitions, implement the Company's share-based incentive plans, or to be transferred for other purposes or to be cancelled. Altogether no more than 12,785,000 shares may be repurchased, of which no more than 1,905,000 may be class A shares and 10,880,000 class B shares, taking into consideration the provisions of the Companies Act regarding the maximum amount of its own shares that the Company is allowed to possess. The proposed amount corresponds to nearly 10 percent of the share capital of the Company and the total voting rights. The minimum and maximum consideration for the shares to be purchased is determined for both class A and class B shares on the basis of the trading price for class B shares determined on the Helsinki Stock Exchange on the time of purchase. The class A shares shall be purchased in proportion to the existing class A share shareholdings at the price equivalent to the average price of class B shares paid in the Helsinki Stock Exchange at the time of purchase. Any holder who wants to offer his class A shares to the Company must state his intention in writing to the Board of Directors. The Company may deviate from the obligation to purchase shares in proportion to the shareholding if all the holders of class A shares give their permission. Class B shares shall be purchased at public trading in the Helsinki Stock Exchange at the market price. The shares are not repurchased in proportion to the holdings of the shareholders as they are purchased in public trading. As the class B shares are to be purchased in public trading, no information on the effect on the shareholding and the division of voting rights is available before the purchase. The repurchase of shares decreases the non-restricted equity of the Company. This authorization shall replace the authorization granted by the Annual General Meeting on 27 February 2006 and shall remain in effect for a period of one year from the date of the decision of the Annual General Meeting. 3. Proposal by the Board of Directors to authorize the Board of Directors to decide to distribute any shares repurchased by KONE: The authorization is limited to a maximum of 1,905,000 class A shares and 10,880,000 class B shares. The Board of Directors is authorized to decide to whom and in which order the repurchased shares are distributed. The Board of Directors may decide on the distribution of repurchased shares otherwise than in proportion to the existing pre-emptive right of shareholders to purchase the Company's own shares. The repurchased shares may be used as compensation in acquisitions and in other arrangements as well as to implement the Company's share-based incentive plans in the manner and to the extent decided by the Board of Directors. The Board of Directors also has the right to decide on the distribution of the shares in public trading in the Helsinki Stock Exchange for the purpose of financing possible acquisitions. The shares shall be distributed at least at the market price at the moment of their transfer determined on the basis of the trading price for class B shares determined in public trading in the Helsinki Stock Exchange. This authorization shall replace the authorization granted by the Annual General Meeting on 27 February 2006 and shall remain in effect for a period of one year from the date of decision of the Annual General Meeting. 4. Proposal by the Board of Directors to authorize the Board of Directors to decide to grant option rights in deviation from the shareholders' pre-emptive subscription right to key personnel of the group and to a wholly owned subsidiary of the company On the basis of this authorization, the Board of Directors may decide to grant to the key personnel of the group or to the company's wholly owned subsidiary, Kone Capital Oy, option rights, which entitle to subscribe a maximum of 2,000,000 new class B shares. The company has a weighty financial reason to grant option rights, because the option rights are intended to form a part of the group's incentive and commitment plan for key personnel. This authorization will remain in force for one year following the decision of the Annual General Meeting. Information KONE's financial statements and the proposals by the Board of Directors concerning the authorizations to repurchase and distribute its own shares may be inspected by shareholders one week prior to the Annual General Meeting at KONE headquarters at Kartanontie 1, Helsinki and on the Company's internet site at www.kone.com/agm. Copies of the documents will be sent to shareholders upon request, and they will also be available at the Meeting. Right to participate In order to take part in the Annual General Meeting, shareholders must be registered in the shareholders' register maintained by the Finnish Central Securities Depository by 16 February 2007. Shareholders who have placed their shares in trust must contact their account operator in order for the shareholder to be temporarily re-registered in the shareholders' register by 16 February 2007 in order to participate in the Meeting. Notification of participation A shareholder who wishes to attend the Meeting must notify the Company no later than 4:00 p.m. on 21 February 2007. Notification can be made: * on KONE's internet pages at www.kone.com/agm; * by mail: KONE Corporation, Share register, PL 7, 02151 Espoo, Finland; * by telefax: + 358 (0)204 75 4523; or * by telephone: +358 (0)204 75 4548. Shareholders are also requested to notify the Company of any proxies for the Annual General Meeting so that the proxies are in the Company's possession by 21 February 2007. Helsinki, 26 January 2007 THE BOARD OF DIRECTORS Sender: KONE Corporation Jukka Ala-Mello Secretary to the Board Minna Mars Senior Vice President, Corporate Communications & IR For further information, please contact: Jukka Ala-Mello, 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 2006, KONE had annual net sales of EUR 3.6 billion and about 29,000 employees. Its class B shares are listed on the Helsinki Stock Exchange in Finland. www.kone.com


 

Names of investigators also revealed Stork reports that the Enterprise Chamber of the Amsterdam Court of Appeals (the "Enterprise Chamber") announced that Messrs. C.J.A. van Lede, W. Kok and D.G. Eustace have been appointed as members of the Supervisory Board of Stork NV. Following this appointment, the Supervisory Board of Stork NV consists of a total of eight persons. The announcement of the Enterprise Chamber follows the earlier ruling of January 17th 2007, in which the Enterprise Chamber decided that three persons would be assigned as Supervisory Boardmembers of Stork NV. Additionally, the Enterprise Chamber has designated Messrs. L.P. van den Blink and L. Traas as investigators into the policy and the affairs of Stork, as was decided by the Enterprise Chamber in its ruling of January 17th, 2007. Stork: "The Enterprise Chamber has moved swiftly. The Supervisory Board will use the coming period to get the new Supervisory Boardmembers to settle in as well as possible in the enterprise Stork. Of course the today appointed investigators will also receive all necessary cooperation." Press information: Stork N.V. Dick Kors, tel.: +31 (0)35 - 695 75 75 or +31 (0)6 - 5198 4054


 

Subsidiary of Consorte Group, Intelecom Noge AS (previously Consorte Norge AS), has delivered net centric call center and telephony services to Elkjøp in Norway and Elgiganten in Denmark and Sweden for the last 5 years. Elkjøp/Elgiganten has renewed the contract with Intelecom Norway for additional 2 years. The estimated value of the additional period is NOK 8 mill. "We are obviously very pleased that Elkjøp/Elgiganten - an important customer for us - has given us this vote of confidence. This is a confirmation of our position as a Scandinavian supplier." says managing director of Intelecom Norway and coming CEO of Consorte Group ASA, Eivind Hauglie-Hanssen. About Elkjøp/Elgiganten: Elkjøp/Elgiganten is the largest consumer electronics and household appliance retailer in the Nordic region. In the accounting year 2004/05 the company had revenue of NOK 12.23 billion. The Group has established retail operations in Denmark, Sweden, Norway, Finland, Iceland, Hungary and the Czech Republic - all based on the superstore format. All 157 stores within the Group are supplied with products from their own distribution operations, with a huge central distribution enterprise in Jönköping of 80,000 squared meters. Some 4500 are employed in the Elgiganten group, which is owned by the British Dixons Group plc, one of the largest consumer electronics retailers in Europe. Dixon Group has 25 000 employees and about 1000 stores in Great Britain. In 2004/05 the company had revenue of NOK 80 billion. About Intelecom Norge AS: Intelecom Norway is subsidiary of Consorte Group ASA in Norway. Consorte Group is a leading company in development, integration, delivery and operation of communication solutions to the enterprise market. In addition to the subsidiary in Norway, the Group has subsidiaries in Sweden, Denmark and the UK. The company 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. Contact: Henning Hansen, Tel. +47 03050


 

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 | Premier Foods Plc | |-----------------------------------+-------------------------------| | Class of relevant security to | Ordinary shares | | which the dealings being | | | disclosed relate (Note 2) | | |-----------------------------------+-------------------------------| | Date of dealing | 25/01/2007 | +-------------------------------------------------------------------+ 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 |13,218,998 (2.66%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |13,218,998 (2.66%) | | | | | | +-------------------------------------------------------------------------------------------+ (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) | | | | | |---------------+----------------------+-------------------------| | Sale | 150,000 | 3.20p | | | | | +----------------------------------------------------------------+ (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 | 26/01/2007 | |--------------------------------------------------+----------------| | 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---


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are set to open higher Friday, bouncing back from Thursdays weakness in the wake of economic data, says Clare Collingwood at CMC Markets. Investors appear to be focusing on corporate earnings news and Microsoft shares are likely to be bolstered after its results late Thursday exceeded market forecasts. Honeywell earnings are due to be released later Friday. The market will be looking ahead to U.S. December durable-goods orders released at 1330 GMT. In addition, new home sales figures due at 1500 GMT will be closely eyed, Collingwood said. CMC Markets is calling the Dow Jones Industrial Average to open up 13 points at 12,515, with the Nasdaq 100 2 points higher at 1780 and the S&P 500 up 2 points at 1425.6. EUROPEAN MARKETS: European stocks are trading lower midday after Thursdays poor performance on Wall Street triggered investors to take profits. In London, the FTSE 100 is down 0.2% at 6256, weighed down by commodity stocks. JJB shares slipped 4.3% after an announcement the companys former chairman had cut his stake by 8.6%, a move that could spark speculation of a possible buyout of the sporting goods retailer. In Frankfurt, the DAX 30 index is down 0.3% at 6701, as the weaker overnight performance on U.S. markets puts pressure on sentiment and has made profit-taking an attractive alternative, a trader says. A fresh impulse could come from the release of U.S. economic data in the afternoon, the trader said. In Paris, the CAC 40 is down 0.4% at 5586. Bunds and gilts tick lower, trading in a narrow range since the release of euro-zone M3 money supply data for December which showed a 9.7% year-on-year increase. The March bund future is down 0.12 at 114.98, whilst the March gilt future is down 0.12 at 106.25. In the currency markets, the dollar edges higher in Europe as U.S. rate-cut expectations continued to fade, helped by another downturn in crude oil prices. At 1125 GMT, the dollar had risen to Y121.50 from Y121.25 late Thursday in New York. Elsewhere, the euro slipped back to $1.2904 from $1.2935, whilst the pound was down to $1.9598 from $1.9837. =========================== TOP STORIES: EURO-ZONE DEC M3 +9.7% ON YEAR VS +9.3% NOV: Money supply in the euro zone surged to its highest level since the changeover to the euro, fueling expectations that the European Central Bank will hike interest rates more than once this year. (Data Snap by Monica Houston-Waesch) BMW 2006 REV UP 5% AT EUR49B ON BETTER MODEL MIX: BMW AG (BMW.XE) said revenues in 2006 rose 5% on year to EUR48.99 billion, driven by a better model mix. (By Roman Kessler and Christoph Rauwald) PORSCHE 1H NET RISES TO EUR1.05B ON VOLKSWAGEN GAIN: Porsche AG (POR3.XE) said net profit for the first six months of its fiscal year came in at EUR1.05 billion, up from EUR170 million a year earlier, boosted by a gain from its 27.4% stake in Volkswagen AG (VLKAY). (By Klaus Brune and Christoph Rauwald) ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: With yield differentials still working against it, the Swiss franc looks likely to continue sliding, despite verbal warnings from the Swiss National Bank. (By Nicholas Hastings) =CHARTING EUROPE: This column achieved a 71.28% correct forecast rate in 2006, despite Decembers 47.61% level, the worst prediction rate of 2006. (By Axel Rudolph) =ASSET CLASS: Now and again investors do well to remind themselves of insights made by financial sages of the past. (By Alan Mattich) =========================== STILL TO COME ET/GMT COUNTRY PERIOD 0830/1330 US Dec Durable Goods 1000/1500 US Dec New Home Sales N/A N/A UK Treasury Committees "The Work of the Committee in 2005-06" report N/A N/A ITA Treasury Bonds Auction =========================== OTHER NEWS: U.K. mortgage lending in December slipped back from the record November total as mortgage approvals fell to the lowest level since January, in line with the seasonal winter slowdown, according to data published by the British Bankers Association. (Data Snap by Ilona Billington) German energy company E.ON AG (EON) said it will submit a sealed bid for Spanish firm Endesa SA. Swedish investment company Investor AB (INVE-B.SK) and Morgan Stanley Principal Investments said Thursday they have signed an agreement to acquire Moelnlycke Health Care Group AB from Apax Partners for an enterprise value of EUR2.85 billion. The majority of the acquisition will be financed by external debt. JJB Sports PLCs (JJB.LN) shares fell sharply following an announcement that the companys founder had cut his stake by 8.6%, a move that could spark speculation of a possible buyout of the sporting retailer. (By Anita Likus) Swiss Reinsurance Co. (RUKN.VX) said claims tied to winter storm Kyrill could cost the insurance sector EUR3.5 billion ($4.2 billion), while estimates for its own net exposure stand at EUR140 million. (By Goran Mijuk) UBS AG (UBS) underlined its determination to grow in Asia by saying it plans to form a strategic alliance with Standard Chartered Bank PLC (STAN.LN) for fund distribution in that region. (By Anita Greil) German specialty chemicals company Altana AG (AAA) unveiled an 18% rise in full-year sales, reflecting strong international demand for its chemical products and a robust performance from its pharmaceuticals arm, which it sold last month. (By Julia Mengewein) EMI Group PLC continued the reshaping and reduction of its recorded-music operation by dismissing Capitol Records Chief Executive Andrew Slater and merging the label with its Virgin Records U.S. operation. (By Ethan Smith From THE WALL STREET JOURNAL) Spains unemployment rate ticked slightly higher in the fourth quarter as growth of the countrys workforce outstripped job creation. (Data Snap by Jonathan House) Italy in December posted its first trade surplus with non-European Union countries in 12 months, as exports outpaced imports, statistics office Istat said. (Data Snap by Kristine Crane)


 

Wärtsilä Corporation Trade & Technical Press release 26 January, 2007 Wärtsilä has won a Vinashin Shipbuilding Industry Corporation contract to supply fixed pitch (FP) propellers for a series of five bulk carriers under construction for UK-based shipowner Graig Group. The contract signed in November, marks Wärtsilä's first FP propeller contract from a Vietnamese shipyard. "Wärtsilä has previously supplied propulsion equipment for Graig's award-winning Diamond 53 bulk carrier series but this is the first of a series of Wärtsilä FP propellers contracted by a Vietnamese shipyard. "Vietnam is increasingly becoming an important player in the global shipbuilding market and we are pleased that Vinashin has offered Wärtsilä this opportunity to supply our propulsion equipment to this emerging shipbuilding force," said Jaakko Eskola, Vice President of Wärtsilä Ship Power Business. Due for delivery in August 2007, the first LIPS-type propeller will be for installation to a Diamond 34K bulker under construction at Vinashin's Pha Rung shipyard. The first vessel is due for delivery to Graig in November 2007. The CarlBro-designed D34K is a double-hulled, handy-size bulk carrier with a length of 180.00m, a moulded breadth of 30m and a deadweight of 34,000t. The first ships in the series have reportedly been sold to an Italian shipowner. Wärtsilä's LIPS-type fixed pitch propeller propellers are custom designed and made for each application. Propellers vary in diameter from 1 to 12 metres and from several hundreds of kilos to more than 100 tonnes, while the propellers for these series will have a diameter of 5600 mm. The propellers will be delivered complete with shafting and Wärtsilä's JMT seals. The seals are of Sternguard 4BL type. Given the complex geometry of modern propellers, the casting process is monitored from start to finish ensuring a high-quality casting. Wärtsilä's patented Cunial material provides excellent casting, machining and fatigue properties with optimum efficiency and reduced noise and vibration levels. An additional advantage is that they are easy to repair. Link to picture Related material Media contact: Marit Holmlund-Sund Public Relations Manager Wärtsilä Corporation Direct tel: +358 10 709 1439 Direct fax: +358 10 709 1425 e-mail: marit.holmlund-sund@wartsila.com Internet: www.wartsila.com Notes to the editor: Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 14,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world. www.wartsila.com


 

Nordic Business Report-January 26, 2007-Consorte Group ASA wins 2-year contract extension from Elkjop and Elgiganten (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian enterprise communication solutions provider Consorte Group ASA said on Friday (26 January) that its subsidiary Intelecom Norge AS (formerly Consorte Norge AS) has received a two-year contract extension from the consumer electronics and electrical equipment chain Elkjop in Norway and Elgiganten in Denmark and Sweden. The new agreement continues an existing arrangement under which Intelecom provides call centre and telephony services for the chains. The new contract is valued at NOK8m. Elkjop and Elgiganten are part of the UK-based international group DSG International Plc. Consorte Group, headquartered in Oslo in Norway, develops integrates, delivers and operates communication solutions to the enterprise market. The company has operations in Norway, Sweden, Denmark and the UK. Consorte Group is listed on the Oslo Stock Exchange and traded under the ticker COGR. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-G&L; Beijer AB sells Finnish cooling batteries manufacturer Oy Dimico Ab (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial trading group G&L Beijer AB said on Friday (26 January) that its business area Beijer Ref has agreed to sell its Finnish subsidiary Oy Dimico Ab to Norpe Oy. The sales price was not disclosed. Dimico manufactures cooling batteries. The company has 22 employees and an annual turnover of approximately SEK25m. The buyer Norpe is Dimicos largest customer. The company manufactures display refrigerators in which the cooling batteries are a central component. For Beijer Ref the deal is part of its strategy to become a pure trading company. 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 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-KONE Corporation wins elevator and escalator order in Moscow (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish elevators and escalators maker KONE Corporation said on Friday (26 January) that it will deliver all 52 elevators and six escalators for the Capital City twin-tower project in the Moscow International Business Centre known as Moscow-City. Four of the elevators will be dual-purpose, high-rise double-deck elevators, which can be operated either in passenger or service mode. KONE also said that 34 of the elevators will be equipped with its destination control system (DCS). Installation of the equipment is expected to start in mid-2007 and continue through 2008. The multi-functional double-tower building and connecting office blocks will serve as a luxury residential, office, entertainment and shopping complex, rising up to 274 metres. The higher tower, with 73 storeys, will be the tallest residential building in Europe. No financial information was provided. 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))


 

Nordic Business Report-January 26, 2007-Poyry Plc wins engineering assignment from Stora Enso in the US (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish consulting and engineering group Poyry Plc said on Friday (26 January) that its Forest Industry business group has been awarded an engineering assignment by the Finnish paper products company Stora Enso as part of its paper machine rebuild project at the Wisconsin Rapids mill in the US. Poyrys assignment comprises detail engineering and project management as well as commissioning and start-up planning services for PM12, and shutdown support services for BM13. Stora Ensos subsidiary Corenso will rebuild and restart PM12 for coreboard production at the Wisconsin Rapids mill in response to increased customer needs. The value of the assignment was not disclosed. 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. 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-January 26, 2007-Wartsila Corporation wins propeller order in Vietnam (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish power plants and ship power solutions supplier Wartsila Corporation said on Friday (26 January) that it has won a contract to supply propellers for a series of five bulk carriers under construction in Vietnam. The contract, signed in November 2006, is Wartsilas first propeller contract from a Vietnamese shipyard. The vessels are being constructed for the UK-based shipowner Graig Group. The first propeller will be delivered in August 2007. No financial information was provided. 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))


 

KONE Corporation, Stock Exchange Release, 26 January, 2007 at 12:30 p.m. KONE achieved 10 percent operating income (EBIT) already in 2006 - Order intake totaled EUR 3,116 million. - Net sales totaled EUR 3,601 million. - Operating income totaled EUR 360.1 million, corresponding to a 10.0 (9.3) percent operating income (EBIT) margin. - KONE's target for 2007 is to achieve an approximate 10 percent growth in net sales, calculated at comparable exchange rates, compared to 2006. The operating income (EBIT) target is to achieve growth of approximately 20 percent from the comparable 2006 figure EUR 360 million. - In 2008, KONE's objective is to achieve an about 12 percent operating income (EBIT) margin. - The Board of Directors proposes a dividend of EUR 1.00 per class B share. Key Figures previous accounting period 10-12/2006 10-12/2005 1-12/2006 6-12/2005 Orders MEUR 712.1 702.5 3,116.3 1,622.1 Order book MEUR 2,762.1 2,326.8 2,762.1 2,326.8 Sales MEUR 1,145.6 1,013.4 3,600.8 2,101.4 Operating income MEUR 123.4 93.6 360.1 194.7 Cash flow from operations (before financial items and taxes) MEUR 97.7 111.3 371.7 215.4 Net income MEUR 80.2 53.8 234.4 124.0 Net debt MEUR 124.9 99.3 124.9 99.3 Total equity/total assets % 30.5 31.2 30.5 31.2 Gearing % 17.9 14.8 17.9 14.8 Matti Alahuhta, President and CEO, says: "I am very satisfied with KONE's performance last year. In comparison with competition, we succeeded very well in increasing our orders and especially our profitability. We strengthened our market position in the Asia-Pacific region, continued to improve the profitability of our U.S. operations and also advanced strongly in many European markets. Our comprehensive development program has progressed well and produced results." KONE Corporation's first financial reporting period was 1 June-31 December, 2005. KONE's reporting period follows the calendar year as of 2006. In order to facilitate evaluation of the financial performance and status of the company, a separate pro forma report is published, in which the company has used 1 January - 31 December 2005 data for comparison. KONE Corporation's audited Financial Statements are available on the company's website at www.kone.com. Analyst and Media Conferences and Conference Call A meeting for the press, conducted in Finnish, will be held on Friday 26 January, 2007 at 2:00 p.m. Finnish time at KONE Building, address Keilasatama 3, 02150 Espoo. A telephone conference and a meeting for analysts, conducted in English, will begin Friday 26 January, at 3:30 p.m. Finnish time at KONE Building, address Keilasatama 3, 02150 Espoo. The telephone conference will also be available as webcast on the company website. Callers may access the conference directly at the following telephone numbers: US callers: +1 334 323 6201 Non-US callers: +44 (0)20 7162 0025 Participant code: KONE On demand version of the conference will be available on the company's website www.kone.com later the same day. KONE's Financial Statement Bulletin and Pro Forma Report for 2006, and presentation material will be available in the meetings. The presentation material and KONE's Annual Report for 2006 will be available in pdf-format on the company website as of 2:00 p.m. The printed Annual Report will be published in the week starting 5 February. Sender: KONE Corporation Aimo Rajahalme Executive Vice President, Finance Minna Mars Senior Vice President, Corporate Communications & IR For further information please contact: Aimo Rajahalme, Executive Vice President, Finance, tel. +358 (0)204 75 4484 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 2006, KONE had annual net sales of EUR 3.6 billion and about 29,000 employees. Its class B shares are listed on the Helsinki Stock Exchange in Finland. www.kone.com


 

The column headings in the CASH FLOW STATEMENT table are erroneous due to technical issues in data transfer to the OMX system. The correct heading for the left side numbers column in the cash flow statement table is 1.1.-31.12.2006 and the correct heading for right side numbers column is 1.1.-31.12.2005 as in all the other tables. For further information, please contact: Timo Veromaa, President and CEO, Biotie Therapies Corp. tel. +358 2 274 8901, e-mail: timo.veromaa@biotie.com www.biotie.com Distribution: Helsinki Stock Exchange Main Media


 

Larox Oyj has on 26 January 2007 terminated the market making agreement between Larox Oyj and Nordea Bank Finland Plc. It has been agreed that market making agreement will end on 28 February 2007. NORDEA BANK FINLAND PLC Petri Simberg Kristiina Widenius


 

Nordic Business Report-January 26, 2007-NCC sells office project in Stockholm to Credit Suisse (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group NCC said on Friday (26 January) that its unit NCC Property Development has agreed to sell an office project in Stockholm, Sweden to Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft mbH in a SEK658m deal. The Vasterport office project comprises approximately 20,000 square metres of office space in the northwest Kungsholmen area in central Stockholm. The property is currently under development and NCC Property Development will be responsible for the development, implementation and leasing of Vasterport, until the building has been completed. Credit Suisse is expected to take possession of the property during the summer of 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 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-Swedish media group Bonnier AB acquires 18 magazines from Time Inc (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish media group Bonnier AB said on Friday (26 January) that it has agreed to acquire the magazine groups The Parenting Group and Time4 Media from Time Inc, part of the US media company Time Warner (NYSE: TWX). The transaction covers 18 parenting, sports, leisure, fishing, boating and science magazines with a combined turnover of approximately SEK1.9bn. Bonnier plans to merge the acquired operations with US publisher World Publications, in which Bonnier holds a minority share. The merger will secure Bonnier a majority holding in the company. The combined company will have some 1,000 employees and an annual turnover of approximately SEK2.5bn. Bonnier, headquartered in Stockholm in Sweden, is a 200-year-old family-owned media group comprising some 150 companies with operations in over 20 countries. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-TK Development A/S sells retail/office centre in Aalborg (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Danish property developer TK Development A/S said on Friday (26 January) that it has sold the Kennedy Arcade centre in Aalborg, Denmark to API Property Fund Denmark P/S for DKK465m. The Kennedy Arcade comprises retail space of approximately 16,400 square metres, office space of approximately 13,000 square metres and a 4,500 square metre cinema complex. TK Development, headquartered in Aalborg, Denmark, develops and operates hopping centres, megastores and corporate headquarters properties in Denmark and abroad. The company is listed on the Nordic Exchange in Copenhagen. One British pound (GBP) is worth approximately 11.07 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Oriola-KD Corporation Stock Exchange Announcement 26 January 2007 at 11.30 a.m. In accordance with Section 3 of the Bylaws of Oriola-KD Corporation, 700,000 A-shares have been converted into 700,000 B-shares. The conversion has been entered into the Trade Register on 26 January 2007. After the conversion there are 54,422,540 A-shares and 86,835,288 B-shares in the company. Oriola-KD Corporation Henry Haarla General Counsel Kimmo Virtanen Chief Finance Officer Distribution: Helsinki Stock Exchange Principal media Published by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo www.oriola-kd.com


 

KESKO CORPORATION PRESS RELEASE 26.01.2007 AT 11.30 "The Global 100 Most Sustainable Corporations" list for 2007 was unveiled at the World Economic Forum in Davos on Wednesday, 24 January. Kesko has been included in the Global 100 annually since its launch in 2005. Evaluations were made by Corporate Knights Inc. and Innovest Strategic Value Advisors Inc. of a total of 1,800 companies. The indicators used for comparing the companies relate to their performance on strategic governance, environmental and social responsibility and human capital issues. Kesko received the third highest points of all in the area of human capital. No overall points were given to companies. All the 100 best companies were awarded the highest quality rating AAA. According to organisers, there is great demand for these kinds of comparisons. Investors, consumers, authorities and non-governmental organisations want to know about various corporations' efforts in sustainable development. Executives want to identify their companies' strengths and development needs, and employees rate corporate responsibility high when defining an ideal place of work. Besides Kesko, four other trading sector companies made it onto the 2007 list: Inditex of Spain, and Kingfisher, Marks & Spencer and Sainsbury of UK. The list and background information has been published at www.global100.org. Further information is available from: Jouko Kuisma, Head of Corporate Responsibility, Kesko Corporation, tel. +358 1053 23140 or +358 50 5143 043 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.


 

Prague, Athens, 26 January 2007 - SITRONICS unites the subsidiaries of Strom Telecom and Intracom Telecom, the members of the SITRONICS Telecommunication Solutions Division, in the Middle East. STROM telecom, a producer of high-end telecommunications equipment, information systems and technologies, merged its Dubai branch office with INTRACOM Middle East, the subsidiary of INTRACOM TELECOM in Dubai. Under INTRACOM Middle East's name, the merged office will cater to customers in 12 countries within the region, with an expanded portfolio comprising of advanced network equipment, infrastructure and OSS/BSS information systems for telecommunication operators. "STROM telecom and INTRACOM TELECOM are complementary to each other and they share many of their customers in the strategic Middle Eastern market," said Rainer Grumann, STROM telecom's Executive Vice President Sales & Marketing of STROM telecom. "Synergies between STROM telecom and INTRACOM will allow us to be more efficient in addressing the needs of our local customers while the union of the two companies' sales forces in the region will increase our market reach," Mr Grumann added. INTRACOM Middle East will reinforce its internal structure to leverage STROM telecom's expertise in OSS/BSS systems which allow operators to offer new services for Next Generation Networks like personalized mobile plans or triple play solutions with converged billing, an area where INTRACOM TELECOM is specializing and targeting in the region. Operations of STROM telecom and INTRACOM TELECOM in the Middle Eastern region will be led by Mr. Stavros Vougas, Managing Director of INTRACOM Middle East for the last three years, who said: "The merger comes at the right time since our companies are intending to sustain their growth in the ever expanding telco market in the Middle East region and with this merger we will increase our presence both in terms of offerings and customer base". For further information, please visit: www.sitronics.com, www.strom.cz , www.intracom-telecom.com or contact: Sitronics Pulic Relations Strom Telecom Intracom Telecom Sergey Filippov, Jakub Vit, Danka Zafiratou, Tel: +7 495 225 0030 Tel: +420 323 Tel. +30 210 667 filippov@sitronics.com 629 605, 9804 Jakub.Vit@strom.cz dzaf@intracom.gr About SITRONICS SITRONICS is a leading provider of telecommunication solutions, including software, equipment and systems integration, IT solutions and microelectronic solutions in Russia and the Commonwealth of Independent States with a strong presence in Eastern Europe and a growing presence in the Middle East and Africa. SITRONICS serves over 3,500 clients, maintains offices in 25 countries and exports its products and services to more than 60 countries. SITRONICS has over 10,000 employees of which approximately 4,600 are involved in research and development. SITRONICS key business operations are based in Prague, Czech Republic and Athens, Greece for its Telecommunication Solutions division and in Kiev, Ukraine and Zelenograd, Russia, for its IT Solutions and Microelectronic Solutions divisions, respectively. For the nine months ended 30 September 2006, SITRONICS's revenues and OIBDA[1] were $1,049.8 million and $114.7 million, respectively. As of 30 September 2006, SITRONICS had total assets of approximately $1.6 billion. SITRONICS is majority owned by Sistema, a leading consumer services holding company in Russia and CIS. SITRONICS has developed strategic alliances in its home markets with Cisco Systems, STMicroelectronics, Infineon and Giesecke & Devrient in relation to certain products and services. SITRONICS has vendor relationships with Siemens, Ericsson, Motorola, ORACLE, Intel, Sun Microsystems and Microsoft. Key customers include Sistema group companies, such as MTS, Comstar UTS and MTT, and also OTE, Cosmote, Vodafone, Ericsson, Arcelor Mittal (formerly Mittal Steel), Banca Intesa and TCL of China. * * * About STROM telecom, a. s. Founded in the Czech Republic in 1993, STROM telecom develops and produces high-end communications equipment and ICT systems with proven performance and reliability. The company also provides diverse services to enable its customers to effectively plan network development and to optimise business processes. STROM telecom now has over 1,200 employees, 70 % of whom are dedicated specialists and developers working at the company's locations in the Czech Republic, Russia, France, Germany, United Arab Emirates, Malaysia, Bosnia and Herzegovina, Slovakia and Ukraine. STROM telecom products are installed in over 50 networks in 14 countries, serving over 65 million subscribers. STROM telecom is a member of the SITRONICS Telecommunications Solutions Division. * * * About INTRACOM TELECOM INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as supplier of integrated solutions and professional services to fixed, wireless and mobile operators in the EEMEA region. More than 100 customers in over 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,600 employees, operates subsidiaries in 12 countries and is amongst the largest European companies leading in R&D investments. The systems and products offered by INTRACOM TELECOM address the network and service requirements of incumbent and competitive local exchange carriers operating wireline, wireless, and mobile communications networks. INTRACOM TELECOM focuses on the development of infrastructure and application products that enable operators and service providers to offer new value-added services to their customers, thereby producing higher returns and prevailing over the continuously growing competition. The systems also cover voice and data transmission requirements over a variety of networks, including those of public administration agencies, public utility companies, private enterprises, banks and others. INTRACOM TELECOM is a member of the SITRONICS Telecommunication Solutions Division. * * *


 

(IFN) Icelandic drugmaker Actavis Group HF has confirmed its interest in the generics division of Merck KGaA, according to the Financial Times Deutschlands Web site on Thursday.Actavis executive Robert Wesman said if it made the acquisition, the company would become the third-ranking generic drugmaker in the world, according to the newspaper.The units sales totaled EUR1.8 billion in 2005.


 

Nordic Business Report-January 26, 2007-Komplett opens French web shop (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian PCs, accessories and components online retailer Komplett ASA launched on Friday (26 January) a French version of its web shop. Komplett.fr will offer customer services in French from Kompletts customer centre in Delft in the Netherlands. Orders will also be dispatched from the groups Dutch central warehouse. Komplett now has web shops in 10 European countries. Komplett, headquartered in Sandefjord in Norway, sells computer components, PCs, home electronics and related equipment to end-users and resellers. The Komplett web shops have over 1.5m registered customers and had combined revenues of NOK2.25bn in 2006. Komplett is listed on the Oslo Stock Exchange and traded under the ticker KOM. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-Norwegian interconnect solutions developer Dolphin Interconnect Solutions ASA acquires US firm StarGen Inc (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian interconnect solutions developer Dolphin Interconnect Solutions ASA (Dolphin) announced on Friday (26 January) that it has agreed to acquire US firm StarGen Inc in an all-shares deal. Dolphin will issue 2,525,000 new shares to StarGens owners as well as grant 1,260,000 warrants to employees. StarGen develops PCI and PCI Express technology. The company has 13 employees and sales of USD3.1m, "Dolphin and StarGen have highly complementary product ranges and markets. Products will cover a wide application area spanning from embedded solutions for print servers to large scale multiprocessing systems for mission and business critical applications," Dolphin said. "The combination will be highly synergistic to sales, and new product announcements and releases can be expected within first half of 2007," Dolphin added. Dolphin Interconnect Solutions is headquartered in Oslo in Norway, but has also offices in the US, the United Kingdom, Germany and France. The company is listed on the Oslo Stock Exchange and traded under the ticker DOLP. One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-Swedbank plans to extend Russian operations in 2007 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish banking group Swedbank announced on Friday (26 January) plans to expand its Russian operations by entering the Russian retail banking sector in 2007. Swedbank, which already has corporate banking and leasing operations in Russia, plans to expand its current branches in Moscow, St Petersburg and Kaliningrad to also offer banking services to private individuals and small enterprises. "The decision to enter the retail market in Russia is based on a substantial growth potential, a favourable economic situation and Swedbanks long-term experience in running successful universal banks in Sweden and the Baltics," said Jan Liden, president and CEO of Swedbank. Swedbank is currently operating in Russia through its subsidiary OAO Hansabank, but the operations will be renamed to OAO Swedbank during 2007. Swedbank, headquartered in Stockholm in Sweden, is a Nordic-Baltic banking group with 8.8m retail customers and 441,000 corporate customers in Sweden, Estonia, Lithuania and Latvia. The group is also present in Copenhagen, Helsinki, Kaliningrad, Kiev, Luxembourg, Marbella, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo. Swedbank is listed on the Nordic exchange in Stockholm. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-Swedish consulting company Acando AB establishes subsidiary in Denmark (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish IT consulting company Acando AB announced on Friday (26 January) that it intends to establish a subsidiary in Denmark. "We see a need for a Danish presence in our international work," said Lars Wollung, president and CEO of Acando. "We aim to be a local partner, ensuring quick and flexible completion of assignments. The Copenhagen office will enhance Acandos role as a leading IT and management consultant in Northern Europe," Wollung added. Acando Danmark is expected to have 10-15 consultants by the end of the year, and to generate revenues "in tens of millions of [Danish] kroner". Acando, headquartered in Stockholm in Sweden, provides business improvements through information technology. The company has over 1,000 employees in seven European countries. Acando is listed on the Nordic Exchange in Stockholm. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-Swedish industrial group Sandvik AB acquires US diamond-based materials producer Diamond Innovations Inc (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial group Sandvik AB said on Friday (26 January) that its business area Sandvik Tooling has agreed to acquire US diamond-based materials producer Diamond Innovations Inc from private equity investor Littlejohn & Co LLC. Diamond Innovations, formerly the Superabrasives Division of General Electric, develops and produces synthetic diamond and Cubic Boron Nitride products for machining, oil and gas drilling, grinding, rock drilling and wire drawing applications. The company has some 600 employees and annual sales of over SEK1bn. Diamond Innovations is based in Worthington, Ohio, but has also units in Florida in the US, as well as in Ireland and in Hong Kong. "This acquisition complements our current offering in areas with high growth and our intention is to continue developing the existing business," said Anders Thelin, president of Sandvik Tooling. "Moreover, it provides the potential for further development of new solutions, especially for Sandvik Mining and Construction," Thelin added. The financial arrangements of the acquisition were not disclosed. Sandvik, headquartered in Sandviken in Sweden, is a global industrial group with 39,000 employees in 130 countries, and with annual sales of approximately SEK63bn. Sandvik is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

(IFN) Landsbanki Island Hf., one of Icelands largest banks, Friday posted a 56% jump in fourth-quarter net profit on significant growth in customer lending and customer deposits.The Reykjavik-based bank said net profit came in at ISK13.66 billion (USD198 million), up from ISK8.73 billion in the year-ago period, and beating the ISK6.9 billion estimated by Kaupthing analysts.Landsbanki said fourth-quarter net interest income came to ISK9.58 billion, up from ISK7.26 billion in the year-ago period, and up from ISK9.31 billion in the third quarter. Kaupthing had estimated fourth-quarter net interest income of ISK8.70 billion.Net fee and commission income at the bank rose to ISK8 billion, up from ISK4.76 billion in the year-ago period, and up from ISK6.57 billion in the third quarter.Gretar Mar Axelsson, an analyst with Glitnir Bank, said Landsbankis results are "far above our expectations in all income sectors," and added "The results are very positive."Axelsson said considerably larger-than-expected net interest income, fees and commission income and financial gains contributed to the strong results.Net interest income was boosted by a larger-than-expected loan growth, he said, and added that both income from fee and commission and financial gains are difficult to predict because of lack of information from the bank on deals that are finished.Axelsson rates the stock hold at ISK30, but said the results will affect the valuation upwards. He expects the share to move up on the results. Shares closed Thursday at ISK29.10.


 

The year 2006 in brief * In November, BioTie and H. Lundbeck A/S signed an agreement on worldwide rights for nalmefene, excluding North America, Mexico, UK, Ireland, Turkey, and South-Korea which have already been licensed. In total, BioTie is eligible for up to EUR 88 million in upfront and milestone payments plus royalty on sales. The company received EUR 10 million during the financial year. * In November, BioTie and F. Hoffmann La Roche (Roche) signed an option agreement for BioTie's fully human antibody program targeting Vascular Adhesion Protein-1 (VAP-1) in inflammatory diseases. Under the terms of the agreement, Roche will pay an option initiation fee of EUR 5 million in 2006-2007. The Company received during the financial year EUR 3 million. * In April, BioTie signed a marketing and distribution agreement with Britannia Pharmaceuticals Limited, based in Surrey, England, for nalmefene in the UK and Ireland * The company submitted a marketing authorisation application regarding nalmefene in the treatment of alcoholism to the UK Medicines and Healthcare Regulatory Authority (the "MHRA"). * The company strengthened its financial position due to positive operative cash flow and equity offering in November-December 2006 in which the company raised EUR 18.8 million new capital, including EUR 10 million investment from Pequot Capital Management, Inc., one of the leading Life Science investment management companies in the US. * The 2006 financial statement has been prepared in accordance with IFRS recognition and measurement principles, and applying the same accounting policy as for the 2005 financial statements. The figures presented in this financial statement have not been audited. * The net loss in financial year 2006 stood at -9.0 EUR million (in 2005 EUR -7.9 million). Cash flow from operating activities was EUR 5.4 million positive (EUR -7.8 million in 2005). * The company's liquid assets amounted to EUR 31.8 million (in 2005, EUR 7.1 million) as at December 31, 2006. Biotie Therapies Corp. Board of Directors For further information, please contact: Timo Veromaa, President and CEO, Biotie Therapies Corp. tel. +358 2 274 8901, e-mail: timo.veromaa@biotie.com www.biotie.com Distribution: Helsinki Stock Exchange Main Media The full report including tables can be downloaded from the following link:


 

Nordic Business Report-January 26, 2007-Ericsson completes acquisition of Redback Networks Inc (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq:ERIC) announced on Thursday (25 January) that its indirect wholly-owned subsidiary, Maxwell Acquisition Corporation, has completed its merger with and into Redback Networks Inc (Nasdaq:RBAK). As a result Redback became a wholly-owned subsidiary of Ericsson. The merger follows the completion of the tender offer by Ericsson for all shares of Redback for USD25.00 per share. At the time the merger became effective, Ericsson owned in excess of 90% of Redbacks issued and outstanding shares. As a result of the merger Redbacks shares were to be delisted from the NASDAQ Global Select Market and cease trading at the close of business on Thursday. Redback Networks Inc manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. The company has more than 500 carrier customers worldwide. 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. One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-Investor AB and Morgan Stanley Principal Investments to acquire Molnlycke Health Care (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial holding company Investor AB said on Friday (26 January) that it has agreed, together with Morgan Stanley Principal Investments (MSPI), to acquire Molnlycke Health Care Group AB from Apax Partners. The acquisition is valued at EUR2.85bn. The majority of the acquisition will be financed by external debt, the company said. The purchase will be made through an acquisition company equally controlled by Investor and MSPI, with Molnlyckes management as minority shareholders. Investors share of the equity capital and shareholder loans will amount to EUR620m, corresponding to about 65% of the aggregated equity and shareholder loans invested by Investor and Morgan Stanley. Molnlycke, headquartered in Gothenburg, Sweden, is a global single-use medical products company that manufactures and sells wound care and surgical products primarily for the professional healthcare sector. In 2006 Molnlycke had sales of around EUR760m. Morgan Stanley Principal Investments is a Morgan Stanley (NYSE:MS) proprietary capital investment vehicle. Recent MSPI healthcare investments include Grifols and US Oncology. Investor, based in Stockholm, Sweden, is the Nordic regions leading industrial holding company and a leading shareholder in a number of multinational companies, including Ericsson, SEB and Atlas Copco. The company also conducts private equity activities in the United States, Northern Europe and Asia. Investor 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))


 

Nordic Business Report-January 26, 2007-Skanska wins NFL football stadium contract in the US (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish construction group Skanska said on Friday (26 January) that is US units have been awarded the design and build contract for the new Meadowlands NFL Football Stadium in New Jersey. The contract value amounts to approximately SEK7.4bn, making it the largest order for Skanska in the US. The customer is Meadowlands NFL Football Stadium LLC. The new stadium will be the home field for the New York Giants and the New York Jets, the first facility built specifically to accommodate two US National Football League (NFL) teams. The project is a design and build assignment in which Skanska USA Building will draw on its building experience from previous Skanska stadium projects, including the Gillette Stadium in Boston. Skanska USA Civil will act as sub-contractor for the steel works. Skanska USA Building Inc is a leading national and local provider of construction, pre-construction consulting, general contracting and design-build services. Skanska USA Civils operations focus on transportation infrastructure and facilities for power generation, water and wastewater treatment in the eastern US, Colorado and California. Skanska, headquartered in Solna, Sweden, is a leading international construction group 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 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 26, 2007-Tele2 AB sells its Dutch and Belgian operations to Versatel (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Swedish-based European telecomms operator Tele2 AB said on Friday (26 January) that it has agreed with the Dutch operator Versatel Telecom International N.V. on the sale and transfer of all shares in the capital of Tele2 Netherlands B.V. and Tele2 Belgium N.V for an aggregate purchase price of EUR200m. Versatel intends to issue new shares whereby eligible Versatel shareholders are entitled to participate pro rata to their existing shareholdings, for the purpose of financing the acquisition of Tele2 Netherlands B.V. and Tele2 Belgium N.V. Tele2 Finance B.V., a wholly owned subsidiary of Tele2, which holds 80.3% of all Versatel shares, has committed to underwrite the complete offering, generating gross proceeds for Versatel of EUR255m. Tele2, headquartered in Stockholm, Sweden, has more than 30 million customers in 22 countries. In 2005 the company reported revenues of SEK50bn. Tele2 is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.49 euros (EUR). One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Oslo, Norway, January 26, 2007 Oslo Stock Exchange Ticker Symbol: CMI Work towards a Definitive Feasibility Study of The Mindoro Nickel Project in the Philippines is now in full progress - Initial phase of 15.000 meter saprolite and limonite resource drilling program started - Independent JORC-compliant resource study on existing assay data in progress - Bulk sample of limonite and saprolite taken and on its way to Australia for metallurgical tests - Desktop/scoping study of feasibility scenarios ready by Q2 2007 - New airborne topographical survey initiated. Crew Minerals ASA is pleased to announce that work on the Mindoro Nickel project is well underway with the goal of completing a pre-feasibility study by end of 2007 that will incorporate the company's plans for a combined HPAL- and atmospheric leach facility to handle both limonite and saprolite ores of this substantial nickel laterite deposit in the Philippines. The work includes an independent resource evaluation of the limonite resource previously drilled in Lower Kisluyan, as well as new drilling aiming at defining additional resources of both limonite and saprolite in the remaining parts of the concession, specifically the Buraboy and Upper Kisluyan areas. In addition, the company has started metallurgical test work at the SGS-Lakefield laboratory in Australia of representative bulk samples of both limonite and saprolite materials. AkerKvaerner Australia has been requested to conduct Metsim modelling of the test results upon completion. Two core drills were mobilized to site in early January and started on the collection of 250 kgs bulk sample of limonite and saprolite. The bulk samples, which consist of aggregated materials from three locations, believed to host representative ore types, have now been collected and the sample materials sent to the SGS-Lakefield lab for bench-scale leach testing. The drills used for the bulk sampling have been deployed to other areas within the property to continue the systematic resource drilling, along with additional drills, to provide systematic sampling of limonite and saprolite in areas previously sampled with widely spaced test pits and drillings only. It is expected to initially complete some 350 holes, totalling 7,500 meters by end of Q2, and then subsequently to follow this up by an in-fill drilling program. The laboratory test work is designed to provide process parameters to support the pre-feasibility study. The aim of the test work is to provide data of sufficient quality to determine the optimum flow sheet configuration and the definition of suitable process design criteria, including leach kinetics and discharge slurry properties, mass and energy balance modelling as well as estimating the ratios of limonite and saprolite that can be used in the processing. The test components will include HPAL and atmospheric leach testing as well as saprolite neutralization tests. The data will also allow for estimations of operating costs and capital requirements. A desktop/scoping study, which is based among others on the results of the laboratory test work, is in preparation and will be finalized in Q2 2007. This study will define final design parameters for the feasibility study. A new airborne topographical survey of the concession area has also been commenced as the basis for detailed resource estimates, and the company is preparing an independent resource evaluation of the Lower Kisluyan limonite deposit, as a basis for the 1st stage mine planning, while additional saprolite drilling is being completed in the remaining parts of the nearly 100 sq. km license area. It is planned to conduct additional geo-penetrating radar surveying, when the drilling is well underway. The radar survey will allow for a detailed correlation of results between drill holes and a more accurate resource evaluation. A number of geotechnical investigations are being planned for the initial assessment of the required infrastructure and design of plant components as well as environmental base line studies, and include social and community impact studies. Contacts have been made with a yard for modular construction of plant components in order to secure availability of capacity. Background. Mindoro Nickel Project is based on a large nickel laterite deposit located on Mindoro Island in the central Philippines. The project area is divided into three discrete license areas, which comprise a total of 9,720 ha (~100 sq. km), situated on both sides of the border between the Provinces of Oriental and Occidental Mindoro. The concessions are controlled by Aglubang and Alag-Ag Mining Corporations. Aglubang holds a Mineral Products Sharing Agreement (MPSA) which covers the most developed project area, while Alag-Ag Mining Corp and Aglubang have registered MPSA applications for the remaining parts of the concession area. The immediate plan for the advancement of the nickel project is to complete advanced metallurgical and process test work, conduct further sampling of particularly saprolite, complete a Pre-Feasibility Study, and to submit key regulatory applications. The processing route selected for the processing of the laterite ore is different for the limonite and the saprolite ore components. Saprolite ore has a high Magnesium-content which affects the HPAL negatively. New technology, however, has been developed which allows for atmospheric leaching of saprolite ore. Saprolite, furthermore, can be used as a neutralizing agent for both the saprolite and limonite solutions. While previous studies focused on the development of 40,000 tpa Ni-metal production, subsequent work has indicated that a more optimal approach will be a gradual development to reach approximately 60,000 tpa in a series of stages. The successful commissioning of a new HPAL-facility, which was recently established in southern Philippines, will allow the proposed first stage, 2-autoclave (20,000 tpa) plant to be drawing on available technology and cost patterns. The political and administrative familiarity with this project is also believed to facilitate the permitting process as well as bench marking the costs. Hans Christian Qvist President and CEO Crew Minerals ASA 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.


 

Continued strong growth and improved profits Financial * Revenues for the period increased by 51% to SEK 515.8 m compared with SEK 341.9 m in the fourth quarter of 2005 * Gross Profit for the period amounted to SEK 139.6 m, compared with SEK 97.1 m in the fourth quarter of 2005, an increase of 44% * Operating profit (EBIT) for the period amounted to SEK 61.1 m compared to SEK 36.0 m in the fourth quarter of 2005 * During the period, share based expenses relating to existing warrant schemes decreased operating profit by SEK 0.8 m (SEK 2.3 m) * Profit after tax amounted to SEK 47.9 m (SEK 38.4 m) * Reported earnings per share amounted to SEK 1.68 (SEK 1.36) after dilution Operational * Stable strong transaction margin. * On 25 January 2007, the Board appointed William Cooper as acting CEO of TradeDoubler as from February 16 Full Year 2006 Financial * Revenues for the period increased by 61% to SEK 1 744.1 m compared with SEK 1 085.0 m for the full year 2005 * Gross Profit for the period amounted to SEK 480.3 m, compared with SEK 314.5 m for the same period in 2005, an increase of 53% * Operating profit (EBIT) for the period amounted to SEK 190.1 m compared to SEK 44.0 m for the full year 2005. * During the period, share based expenses relating to existing warrant schemes decreased operating profit by SEK 3.0 m (SEK 23.4 m) * Profit after tax amounted to SEK 140.4 m (SEK 38.9 m) * Reported earnings per share amounted to SEK 4.93 (SEK 1.38) after dilution


 

Download the press release from: www.wienerberger.com - Strong demand: oversubscribed more than eleven-times - Initial volume of ¤ 400 million increased to ¤ 500 million and placed with institutional and Austrian retail investors - Coupon fixed at 6.5% for the first ten years Vienna, January 26, 2007 - Wienerberger AG, the largest producer of bricks in the world and number two in clay roof tiles in Europe, has concluded the highly successful placement of its hybrid bond. Due to strong demand and elevenfold oversubscription, the originally intended issue volume of ¤ 400 million was increased to ¤ 500 million. The Wienerberger hybrid bond will be issued with a coupon of 6.5% and have a perpetual maturity. It can be called for the first time by the Company after ten years, and will trade on the official markets of the Vienna and Frankfurt Stock Exchanges. Standard & Poor's has rated the Wienerberger hybrid bond at BB+ and Moody's at Ba1. Austrian retail investors will have an opportunity to subscribe from January 29 to presumably January 31. Funds to refinance short-term liabilities "We are extremely pleased over the considerable interest that investors have shown for our offering", commented Hans Tschuden, CFO of Wienerberger AG. "The strong demand for our hybrid bond confirms that the capital market considers Wienerberger to be a solid investment", he added. The bond was placed with Austrian (16%) and international (84%) investors, above all in Great Britain, Germany, Switzerland and France. As to plans for the use of the funds, Tschuden explained: "This issue is designed to strengthen the capital base of Wienerberger and, after the high level of investments in recent years, safeguard the Group's financial flexibility for further expansion. We are replacing existing debt in a cost efficient manner and, at the same time, strengthening our capital structure and our BBB / Baa2 rating without diluting our shareholders. The holders of the Wienerberger hybrid bond will benefit from a substantially more attractive yield in comparison to our 2005 senior bond and, in return, will accept certain additional risks", indicated Tschuden in conclusion. For additional information contact: Thomas Melzer, Public and Investor Relations T +43(1)60192-463 | communication@wienerberger.com If you do not wish to receive the Wienerberger newsletter any longer, send an e-mail with subject: "unsubscribe newsletter" to communication@wienerberger.com. This document does not represent an offer or invitation to purchase debt instruments. A prospectus and addendum, which were prepared in accordance with the Austrian Capital Market Act, have been approved by the Austrian Financial Market Supervisory Authority. This prospectus and addendum were published and filed with Oesterreichische Kontrollbank AG, and are also available at the headquarters of Wienerberger AG, Wienerbergstrasse 11, 1100 Vienna, as the issuer, during ordinary business hours. The announcement required by § 10 of the Austrian Capital Market Act was made on January 13, 17 and 24, 2007 in the "Amtsblatt zur Wiener Zeitung". In connection with the offer of securities by the issuer, only the information provided in the prospectus is binding; the information provided in this press release is not binding. --- End of Message --- ISIN: AT0000831706; Index: WBI; ;


 

Software innovator first to deliver enterprise services for leading open source content repository Basel, Switzerland and Newport Beach, California- January 26, 2007 - Day Software (SWX: DAYN, OTC:DYIHY), a leading provider of global content management and content infrastructure software, today announced availability of a comprehensive range of services supporting Apache Jackrabbit including training, support, consulting and development services. Since its launch in 2005 Apache Jackrabbit has quickly become the leading Java Content Repository (JCR) for the open source industry. Day Software is the initiator of the underlying industry standard JSR 170 and is leading an industry expert group with members such as IBM, Oracle, Sun, HP and many others who all support the standard. "Apache Jackrabbit is an attractive option for companies who want to move away from expensive, proprietary legacy repositories and are looking for a cost efficient, standards-based alternative," said David Nüscheler, CTO of Day Software and SpecLead of the JSR170 expert group. "The Apache Software Foundation is the industry's most trusted provider of reliable open source technology. So far however the lack of enterprise class support and services prevented companies to make full use of Apache Jackrabbit. We are now filling this gap." Day Software has initiated the development of Java Content Repositories (JCR) such as Apache Jackrabbit and is the industry's leading expert for this new technology. Day's service and support offerings for Apache Jackrabbit will enable enterprises as well as other technology vendors to accelerate the development and deployment of applications that leverage the full power of JCR technology. Java Content Repositories allow companies to build cost-efficient, standards-based content solutions to access their most valuable assets - information about their specific business, its processes, products, customers and documents that previously resided in expensive, proprietary legacy repositories. "Enterprise-level demand for robust services and support around Apache open source solutions is greater than ever before," says Piotr Zabiello, SVP Global Services of Day Software. "We are pleased to offer commercial support and services for Apache Jackrabbit, providing customers with an open source alternative to proprietary legacy repositories." Day's Service Offerings: Training: Concepts of the Content Repository for Java Technology API (JCR): The course covers the repository model, installation of Apache Jackrabbit and how to manage content through a series of case studies and exercises. Java Content Repository for Developers (JCR Developer): The course examines in detail the JCR standard, enabling the developer to model content and implement an application that uses a JCR-compliant repository. Support: Day Support for Apache Jackrabbit: The support service provides full commercial development and production-level technical support for Apache Jackrabbit, giving access to developers with unmatched Apache Jackrabbit 'know-how'. Consulting: Day Consulting Services for Apache Jackrabbit: The offering provides the expertise necessary to become proficient in maximizing the value of Apache Jackrabbit. These services include knowledge assessments, content modeling, performance design and tuning engagements, migration and installation coaching. Day Development Services for Apache Jackrabbit: Day's developers can transfer valuable Apache Jackrabbit knowledge and provide development services to enable software vendors and end-customers to enhance and maintain Apache Jackrabbit. These services allow for efficient development and operation of applications and products on top of Apache Jackrabbit. About Day (www.day.com) Day is a leading provider of integrated content, portal and digital asset management software. Day's technology Communiqué offers a comprehensive, rapidly deployable framework to unify and manage all digital business data, systems, applications and processes through the web. Communiqué's content-centric architecture, and its innovative ContentBus, turns the entire business into a virtual repository bringing together content from any system, regardless of location, language or platform. Day is an international company, founded in 1993, and listed on the SWX Swiss Exchange (SWX:DAYN) since April 2000. Day's customers are some of the largest global corporations and include Audi, DaimlerChrysler, Deutsche Post World Net, Intercontinental Hotels Group, McDonald's and Volkswagen. About Apache Jackrabbit Apache Jackrabbit is an open source project of the Apache Software Foundation (http://www.apache.org/), a nonprofit charity that supports collaborative open source development. More information about Apache Jackrabbit can be found at http://jackrabbit.apache.org For Further Information Jackie Cadorin Katie Eakins Day Software LEWIS PR for Day Software 23 Corporate Plaza Drive, Suite 215 Newport Beach, CA 92660 T 949 706 5300 T 619 516 2559 E-Mail: jackie.cadorin@day.com E-Mail: day@lewispr.com The English text of this press release represents the binding version. The media information can also be downloaded from the following link: --- End of Message --- WKN: 936168; ISIN: CH0010474218; Index: SPI, SPIEX, SSCI; Listed: Main Market in SWX Swiss Exchange;


 

KYOTO, Japan, Jan. 26, 2007 (PRIME NEWSWIRE) -- Please note: The tender offer described below is not available to persons in the United States of America: Nidec Corporation (the "Company"), (NYSE:NJ) announced today a change in a condition for acceptance of the tender offer for the shares of Brilliant Manufacturing Limited ("Brilliant" or "Offeree") in Singapore. The Company had originally conditioned acceptances of the tender offer on the Company owning no less than 90% of the issued shares of common stock and options upon completion of the tender offer. However, taking the level of acceptances of 85.79% as of today into consideration, the Company has decided to revise such condition from 90% to 53.01%, pursuant to irrevocable undertakings under which certain major shareholders have agreed not to withdraw their acceptances. In addition, in accordance with the Singapore Code on Takeovers and Mergers, the Offer will be extended to February 8, 2007. Notwithstanding the revision of the Offer, the Company intends to continue to pursue its corporate strategy as previously indicated. The Nidec Corporation logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1734 CONTACT: Nidec Corporation Hiroshi Toriba, Senior General Manager, Investor Relations +81-75-935-6140 HIROSHI_TORIBA@notes.nidec.co.jp


 

PHOENIX, Ariz., Jan. 25, 2007 (PRIME NEWSWIRE) -- First Solar, Inc. (Nasdaq:FSLR) will report financial results for the fourth fiscal quarter & year ending December 30, 2006, on Tuesday, February 13, 2007 at 4:30 p.m. EST. To participate in the conference call, please dial (800) 819-9193 or (913) 981-4911. Investors may also access a live audio web cast of this conference call on the investors section of the Company's website at www.firstsolar.com. A replay of the web cast will be available approximately two hours after the conclusion of the call and remain available for three months. An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will be available until Friday, February 16, 2007 at 12:00 a.m. EST and can be accessed by dialing 888-203-1112 or 719-457-0820 and entering access ID number 4420579. About First Solar, Inc. First Solar, Inc. (Nasdaq:FSLR) manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints. The First Solar, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=3052 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. All forward-looking statements included in this document are based upon information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward looking statement. Factors that could cause actual results to differ materially from those in the forward looking statements are discussed in the Company's filings with the Securities and Exchange Commission. CONTACT: First Solar, Inc. Jens Meyerhoff, Chief Financial Officer 602-414-9315 investor@firstsolar.com Sapphire Investor Relations, LLC Investor Relations Erica Mannion 212-766-1800 investor@firstsolar.com


 

[Dow Jones] Kaupthing Bank (KAUP.IC) is expected Tuesday to report a 4Q net profit attributable to shareholders of ISK13.22 billion, -12% from ISK14.79 billion a year earlier, according to an estimate of 6 analysts provided by the company.


 

Hat Pin plc (the "Company") Holding in Company The Company has received notification that, following a disposal of 125,000 shares, UK Smaller Companies, a fund managed by Universities Superannuation Scheme Limited, holds 2,037,853 ordinary shares in the Company, representing 8.49% of the issued share capital of the Company. END ---END OF MESSAGE---


 

Organizations Serving Nonprofit Business and Technology Development, Internet Development, Consumer Protection, and Internet Governance in Latin America Among the First to Partner With Public Interest Registry on Campaign to Preserve the Value of .ORG Domains RESTON, VA -- (MARKET WIRE) -- January 25, 2007 -- The Public Interest Registry (PIR) is pleased to announce partnership agreements with four organizations in support of its newly launched public awareness campaign -- Protectyour.org: Protecting and Preserving the Value of Your .ORG Domain. The campaign was announced in November as part of an effort by the nonprofit registry to raise awareness of the increasing value of the .ORG top-level domain and of the dangers of allowing .ORG domain names to expire. The campaign partners are Alfa-Redi (www.alfa-redi.org), a Latin American-based scientific community that focuses on information society policies and regulatory frameworks as well as Latin American civil society; the U.S.-based Grassroots.org, which disseminates information through its network of socially focused Web sites and provides nonprofit organizations with free resources to increase efficiency and improve productivity; the Internet Society (www.isoc.org), an international professional membership society that provides leadership in addressing issues that confront the future of the Internet and that serves as the organization home for several key groups responsible for Internet infrastructure standards; and the North American Consumer Project on Electronic Commerce (NACPEC), a Mexico-based nonprofit organization that provides online information about public policy issues that affect consumers on the Internet. As partners, the organizations will actively promote the campaign's message through their Web sites and publications. They also agree to disseminate and distribute materials that help noncommercial enterprises avoid the unintended consequences of allowing .ORG domain names to expire. "We're extremely pleased to have Alfa-Redi, Grassroots.org, the Internet Society, and NACPEC participate in the Protectyour.org campaign," said Michael Ward, PIR's director of marketing. "As partners, they bring a unique perspective to the program and their enthusiasm demonstrates that the campaign's mission is gaining momentum." Angela Stuber, executive director of Grassroots.org, says she believes there is a critical need to educate the nonprofit sector about not compromising the value of the .ORG domain. "Within a small or medium-sized nonprofit, staff members, volunteers, and board members wear multiple hats," she said. "Whoever registered the organization's domain may have a variety of responsibilities within the organization. Too often, renewing domain names is regarded as 'I'll do it later task.' The Protectyour.org campaign will help nonprofits recognize the importance of the task and raise awareness regarding the dangers of postponing it." The Protectyour.org Campaign Partnership program seeks to enlist the support of organizations that serve the needs of nonprofit and noncommercial enterprises for the purpose of spreading the campaign's message to .ORG domain name holders around the world. A Web site -- www.protectyour.ORG -- provides information and guidance aimed at both registrants of .ORG domains and registrars. For more information on the Protectyour.org campaign, or to become a campaign partner, contact Wendy Rickard at The Rickard Group, Inc., either by phone at 609-466-4343 or by e-mail at rickard@rickardgroup.com. Public Interest Registry (http://www.pir.org/) is a 501(c) (3) not-for-profit corporation created by the Internet Society (ISOC) to manage the .ORG domain. PIR's mission is to manage the .ORG domain in an exemplary manner, while educating and empowering the global non-commercial community to use the Internet more effectively and, concurrently, to take a leadership position among Internet stakeholders on policy and related issues on behalf of the .ORG community. PIR is based in Reston, VA, USA. Contact: Wendy Rickard The Rickard Group, Inc. 609-466-4343 rickard@rickardgroup.com


 

- One of the most anticipated PC games in development to be released in late October - Durham, USA - January 25, 2007 - Funcom and Eidos announce a new release date for the hugely anticipated MMO 'Age of Conan - Hyborian Adventures'. Widely heralded as one of the most innovative and best looking games in development, co-publishers Funcom and Eidos have now decided to further hone the qualities of the game. The new release date is set to the 30th of October 2007 and will further ensure an online experience with truly stunning impact. "Age of Conan" brings something brand new and highly innovative to the MMO genre' says CEO Trond Arne Aas. "Age of Conan" today looks and plays fantastically, as countless press previews and industry feedback attest to. Even so, we believe that by spending even more time and effort into polishing and enhancing the game we will ensure that the game reaches its full potential in terms of quality and subscriber base. We are confident that our fan base will appreciate this commitment to quality. The prolonged development time reflects our ambition to meet and exceed the expectations of our fans for this game.' "Age of Conan is truly a labor of love for Funcom and I am proud and amazed at the accomplishments of our world class development team. The extra development time on Age of Conan will enable us to deliver a truly awesome MMO gaming experience - with next generation MMO-combat and a lush and vibrant world to live in, said Gaute Godager, founder of Funcom and Game Director on 'Age of Conan'. "Now we can pack even more punch into the brutal world of Conan, and, by Crom, I feel certain that we will deliver a game that will appeal to a broad range of players as we introduce new features to the genre.' 'Age of Conan' is currently in closed beta. Funcom will soon announce a unique chance to secure a spot in the open beta of the game. If you are, or will shortly become, a part of the 'Age of Conan' community you will have a unique chance to influence and impact the 'Age of Conan" game as it approaches its last stages of development. 'Age of Conan - Hyborian Adventures' is one of the most anticipated PC games in development, and is a key title among the Games for Windows lineup for Windows Vista. The game won 'Best MMO of E3' awards from IGN, GameSpot, GameSpy and Yahoo. More information, newsletter sign-up, forums and a welcoming community portal can be found on the official website www.ageofconan.com . Following the release of the PC version a dedicated console version will be released for the Xbox 360. The game is co-published with Eidos. _ _ _ ABOUT FUNCOM - Funcom is an independent developer and publisher of online games for PC, consoles and mobile platforms. Funcom has provided outstanding entertainment since 1993 and continues to expand its track-record of more than twenty released games. Recent titles include 'The Longest Journey', 'Anarchy Online' and 'Dreamfall: The Longest Journey'. For corporate information please visit www.funcom.com. For information about Funcom games visit www.anarchy-online.com , www.dreamfall.com or www.ageofconan.com . Funcom is listed on the Oslo Stock Exchange under the ticker FUNCOM. ABOUT AGE OF CONAN: HYBORIAN ADVENTURES - In this Massively Mulitplayer Online game, the players will encounter a mature, brutal and barbaric world, presented with fantastic graphics and stunning 7.1 surround audio. In a world filled with cruel gods, mythical creatures, lost civilizations and a struggling human race, the mighty barbarian has finally seized the throne as king of Aquilonia. But Conan's rule is on the brink of chaos, spiraling towards the doom of ancient evils. In this twisted fantasy world, dark magic and brutal combat lurk around every corner, and each man and woman must carve their own unique destiny under Conan's reign. In the true vision of Robert E. Howard's dark universe it's now time for you to become a messenger of death. ABOUT CONAN PROPERTIES INTERNATIONAL - Conan Properties International, a wholly owned subsidiary of Paradox Entertainment Inc., controls all rights to Conan, associated characters and the Hyborian world, as created by Robert E. Howard and expanded upon by acclaimed authors and artists for decades. Conan is considered to be the world's best-known fantasy character. For more information about Conan Properties International, visit www.conan.com. For information about Paradox Entertainment Inc., visit www.paradox-entertainment.com. ABOUT EIDOS INTERACTIVE LTD - Eidos Interactive Ltd is part of SCi Entertainment Group Plc (SEG) one of the world's leading publishers and developers of entertainment software. Eidos consists of publishing operations across Europe and the US and several development studios including Crystal Dynamics, IO Interactive, Beautiful Game Studios, Eidos Studios Hungary, Eidos Sweden and Pivotal Games. The Group has a valuable combined portfolio of intellectual property including: Tomb Raider, Hitman, Deus Ex, Championship Manager, Carmageddon, the Conflict series and Just Cause. Some of the titles currently in development include: Kane & Lynch: Dead Men, Crossfire, Battlestations: Midway, Chili Con Carnage and Highlander. The names of actual companies and products mentioned herein may be the trademarks of their respective owners. Funcom press contacts: Jørgen Tharaldsen, Product Director, Funcom +47 41 33 41 47 (Global press) Terri Perkins, Product Manager, Funcom +1 631 998 3210 (US press) Erling Ellingsen, Product Manager, Funcom +47 48 86 71 07 (European press) pr@funcom.com


 

Wilh. Wilhelmsen ASA will present the Preliminary Annual and Fourth Quarter Results for 2006 for analysts, investors and media on Thursday 15 February 2007 at 08.00 CET in Wilh. Wilhelmsen's offices at Strandveien 20, Lysaker. Light refreshments will be served from 07.30. The presentations will be given in English by group CEO Ingar Skaug and deputy group CEO and CFO Sjur Galtung. The presentation will be broadcasted live on WW Internet (www.wilhelmsen.com <http://www.wilhelmsen.com/> ) at 08.00 CET and the presentation material will simultaneously be made available on WW Internet and www.newsweb.no. The presentation will end with a Q&A session. It will be possible to ask questions via webcast. In addition, participants can ask questions via telephone: Country Number International Dial In: +44 (0) 1452 552 510 Norway Free Call: 800 193 95 UK Free Call: 0800 694 2370 US Free Call: 1866 966 9444 Conference ID: 7500240 Please notify Wilh. Wilhelmsen corporate communications of your intention to participate via e-mail to ww@wilhelmsen.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 | Scottish Power Plc | |----------------------------------------------+--------------------| | Class of relevant security to which the | 42p ordinary | | dealings being disclosed relate (Note 2) | | |----------------------------------------------+--------------------| | Date of dealing | 24 January 2007 | +-------------------------------------------------------------------+ 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 | | | 2,370,800 | 0.16 | | options) | | | | | | | | | | | |---------------------------------+--------+-----+-----------+------| | (3) Options and agreements to | | | 1,500,000 | 0.10 | | purchase/sell | | | | | | | | | | | |---------------------------------+--------+-----+-----------+------| | Total | | | 3,870,800 | 0.26 | | | | | | | +-------------------------------------------------------------------+ (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 | 33,000,000 | 4.71 | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (2) Derivatives (other than | | | | | | options) | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | (3) Options and agreements to | | | | | | purchase/sell | | | | | | | | | | | |--------------------------------+------------+------+--------+-----| | Total | 33,000,000 | 4.71 | | | | | | | | | +-------------------------------------------------------------------+ (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 | 1,085,175 | 748.2730 GBp | |----------+------------+---------------------------+---------------| | CFD | Short | 577,726 | 747.5485 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 | 25/01/2007 | |------------------------------------------------+------------------| | 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---


 

PRESS RELEASE Stockholm, 25 January 2007 New Managing Director at Radisson SAS Hotel Östersund Bibbi Högbom has been appointed new Managing Director of Radisson SAS Hotel Östersund, Sweden. Bibbi is 44 years old and has a sound knowledge of the travel and tourism sector. She leaves a position as MD of Jämtland Härjedalen Tourism. Bibbi Högbom succeeds Anders Hallin who will take on new responsibilities within Pandox as MD of Best Western Hotell Skogshöjd and Quality Park Hotell in Södertälje. __________ For further information, please contact: Erik Hvesser, Business Area Director, Pandox AB, +46 (0)8 506 205 50, +46 (0)70 770 01 19, erik.hvesser@pandox.se Pandox is one of the players in the hotel property market in northern Europe. The portfolio consists of 41 hotels of which nine operations, and with a total of around 9,200 rooms located in Sweden, Denmark, Germany, Belgium, the Bahamas, the UK and Switzerland. Pandox' hotels operate under well-known brands such as Scandic, Hilton, Radisson SAS, Crowne Plaza, Choice or through independent distribution channels.


 

Ericsson (NASDAQ:ERIC) today announced the completion of the merger of its indirect wholly-owned subsidiary, Maxwell Acquisition Corporation, with and into Redback Networks Inc. (NASDAQ:RBAK), with Redback surviving the merger as a wholly-owned subsidiary of Ericsson. The merger follows the successful completion of the tender offer by Ericsson for all of the shares of Redback for the price of 25.00 USD per share. At the time the merger became effective, Ericsson owned in excess of 90% of Redback's issued and outstanding shares. As a result of the merger, any Redback shares not tendered in the tender offer have been converted into the right to receive 25.00 USD per share. In addition, warrants to purchase Redback shares have been converted into the right to receive a cash payment equal to their net exercise value, based upon the 25.00 USD per share merger consideration. American Stock Transfer & Trust Company, which is acting as paying agent for the merger, will mail materials to non-tendering shareholders and holders of warrants to be used to surrender certificates for the merger consideration. Notwithstanding the completion of the merger, Ericsson will pay for shares tendered via guaranteed delivery procedures promptly after delivery of those shares. As a result of the merger, Redback shares will be delisted from the NASDAQ Global Select Market and will cease trading at the close of business today. NOTES TO EDITORS: Link to previous press releases related to Redback acquisition www.ericsson.com/ericsson/press/releases/20061220-1094314.shtml www.ericsson.com/ericsson/press/releases/20061227-1095346.shtml 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 Ericsson Media Relations Phone: +46 8 719 6992 E-mail: press.relations@ericsson.com Ericsson Investor Relations Phone: +46 8 719 0858 E-mail: investor.relations.se@ericsson.com Investor Relations, North America Phone: +1 212 843 8435 E-mail: investor.relations@ericsson.com Redback Networks Media Doug Wills Phone: +1 408 750 5038 E-mail: dwills@redback.com Investor Relations Phone: +1 408 750 5505 E-mail: investor_relations@redback.com About Redback Redback Networks Inc. manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. Redback's multi-service routing platform delivers next-generation broadband services such as VoIP, IPTV and video-on-demand. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, California, the US. In 2006, Redback marks its 10-year anniversary, celebrating 10 years of broadband innovation. For more information, visit Redback Networks at www.redback.com. Forward-looking statements Any statements made regarding the proposed transaction between Ericsson and Redback, the expected timetable for completing the transaction, successful integration of the business, benefits of the transaction, earnings and any other statements contained in this news release that are not purely historical fact are forward-looking statements, which involve a number of risks and uncertainties. These statements are based on Ericsson's and Redback's current expectations and beliefs. Actual results could differ materially from the results implied by these statements. Factors that may cause or contribute to such differences include: the risk that the conditions to the offer or the merger set forth in the merger agreement will not be satisfied, changes in both companies' businesses during the period between now and the closing, developments in obtaining regulatory approvals for the transaction; the successful integration of Redback into Ericsson's business subsequent to the closing of the acquisition; timely development, competitive products and pricing, as well as fluctuations in demand; cost and availability of raw materials; the ability to retain key management and technical personnel of Redback; and adverse reactions to the proposed transaction by customers, suppliers and strategic partners. Redback and Ericsson are under no obligation to (and expressly disclaim any such obligation to) update or alter their forward-looking statements whether as a result of new information, future events or otherwise.


 

SAGA Oil secures third drilling Rig and takes direct control over drilling SAGA Oil is pleased to announce that its subsidiary PROMGEOTEK LLC has signed the contract for a third drilling Rig. The contract is signed with Inter-Oil LLC, and it is the first drilling operation where SAGA/PROMGEOTEK takes direct control. This is according to SAGA's plan for building up its management capabilities and is therefore an important milestone in the SAGA strategy. The whole drilling package on this rig is new and it will contribute to increase predictability and aid in the goal of reducing drilling time and cost. It is scheduled that the Rig will be operational to start drilling within 2.5 months. Well # 101 Rig #1 has spudded well #101 on Pad 1. The well is currently drilled down to 350 meters, and has run and cemented both conductor as well as surface casings. The plan is to drill down to a total depth of 2200 meters. "We are pleased to announce signing of the contract for a third drilling Rig", says CEO of SAGA Oil ASA Malvin Høydal. - The new rig is also signifying a new era for SAGA as it is the first drilling contract where SAGA/PROMGEOTEK will be responsible both operational and technical. It is also the first electrically powered rig as the field development has reached a more mature stage with electrical supply of sufficient magnitude. The rig is in addition lighter built with a modern type of drilling fluid system that will enable a more accurate drilling design and operation as well as drilling fluids control. For further information, please contact: SAGA Oil ASA - CEO Mr. Malvin Høydal, cell: +47 97422959, email: malvin.hoeydal@sagaoil.no SAGA Oil ASA - CFO Mr. Stian Vemmestad, cell: +47 92805787, email: sve@sagaoil.no www.sagaoil.no


 

PHOENIX, Jan. 25, 2007 (PRIME NEWSWIRE) -- First Solar, Inc. (Nasdaq:FSLR) today announced it will expand production with a new four-line solar module manufacturing plant with an expected minimum annual capacity (or nameplate capacity) of 100MW. The manufacturing plant will be located in Kulim Hi Tech Park located in Kedah, Malaysia and when fully ramped will employ approximately 500 people. Plant construction is scheduled to begin in April 2007 and conclude late in 2007, with production planned to begin in the second half of 2008. The total plant investment is estimated to be $150M. The Malaysian government is providing a 15-year income tax holiday as an incentive for First Solar's investment in Malaysia. The manufacturing site can accommodate future expansion. First Solar currently operates a manufacturing plant in Ohio with 75MW nameplate capacity and is in the process of completing a manufacturing plant in Germany with 100MW nameplate capacity. "Our expansion in Malaysia is enabled by the continued strong demand we are experiencing for our solar modules as a low-cost leader in the industry," stated Michael Ahearn, Chief Executive Officer of First Solar. "The expansion in Malaysia accelerates our cost reduction efforts by creating additional economies of scale in a low-cost manufacturing environment and providing a long-term tax incentive holiday. We are very pleased to be working with the Malaysian government, the State of Kedah, and the Kulim Hi Tech Park and look forward a strong long-term partnership," he added. Y.Bhg. Datuk R. Karunakaran, Director General, Malaysian Industrial Development Authority, said, "The Government welcomes First Solar's investment as it is the first project to manufacture solar modules in Malaysia. This investment brings to Malaysia the latest technology in the solar energy sector." About First Solar First Solar, Inc. (Nasdaq:FSLR) manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints. The First Solar, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=3052 For First Solar Investors This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. CONTACT: Sapphire Investor Relations, LLC Erica Mannion (212) 766-1800 EMannion@sapphireinvestorrelations.com


 

Nordic Business Report-January 25, 2007-Finlands Rautaruukki Corporation receives approval for acquisition of AB Omeo Mekaniska Verkstad (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish metal-based components, systems and integrated systems supplier Rautaruukki Corporation said on Thursday (25 January) that it has received competition authority approval for its purchase of the Swedish company AB Omeo Mekaniska Verkstad. The transaction will be completed on 31 January 2007, the company said. Omeo Mekaniska Verkstads core business is welding and assembling booms used in materials handling equipment. No financial information was provided on the deal. Rautaruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has operations in 23 countries and employs 12,000 people. Rautaruukki is listed on the Nordic Exchange in Helsinki. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 25, 2007-Finlands Scanfil Plc starts personnel negotiations (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish contract manufacturer and systems supplier Scanfil Plc said on Thursday (25 January) that it will start personnel negotiations in Finland. The negotiations concern the companys plants in Aanekoski and Oulu, as well as group administration and the salaried employees of its Sievi units. Scanfil said that the negotiations are due to production and financial reasons and business restructuring. The negotiations will apply to a total of 183 persons. Scanfil also issued preliminary information on its 2006 results, reporting turnover of some EUR241m. Operating profit is expected to be around 4.5%, including non-recurring items. Scanfil plc is a global contract manufacturer and systems supplier for communication and industrial electronics. The company is headquartered in Sievi, Finland, and 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-January 25, 2007-TeliaSonera Sweden wins 6 new managed services contracts (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish-Finnish telecomms operator TeliaSonera AB said on Thursday (25 January) that its Swedish subsidiary TeliaSonera Sweden (Telia) has been awarded six new contracts in Sweden for managed services. These are three-year or five-year managed services agreements for fixed and mobile telephony. The customers are integrating their fixed and mobile telephony services within a single solution that will be leased from Telia. The combined value of the agreements is approximately SEK180m. The customers are CSN (Centrala studiestodsnamnden), the national authority providing financial aid to students, SCA Packaging, the Swedish Forest Agency (Skogsstyrelsen), the Orebro County Council, Swedish Meats and the Cydonia Group. TeliaSonera has 28,175 employees and reported net sales of SEK87.7bn in 2005. The company is listed on the Nordic Exchange in Stockholm and Helsinki. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 25, 2007-Finlands Incap Corporation reports preliminary information on 2006 results, cuts 53 jobs (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish electronics manufacturer Incap Corporation issued on Thursday (25 January) preliminary information on its results for the financial year 2006, reporting operating profit of some EUR3.0m on net sales of approximately EUR89m. Preliminary net sales for 2006 increased by 17% from 2005, the company said. Incap said that during 2006 it had invested strongly in future growth and internationalisation in line with its strategy, and approximately EUR0.9m went towards development of functions. The company also said that it has concluded personnel negotiations at its factory in Vuokatti, Finland. As a result 53 people will be made redundant, of whom 48 are blue-collar workers and five are office staff. After ending fixed-term employment contracts and redundancies the number of personnel at the Vuokatti factory will be 137 persons. Incap Corporation, headquartered in Oulu, Finland, is an electronics contract manufacturer whose service covers the entire product life cycle from design and manufacture to repair and maintenance services. The company reported revenue of EUR76.7m in 2005 and has some 550 employees. Incap 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))


 

Espoo, Finland - Nokia has decided to apply for the delisting of Nokia's Swedish Depository Receipts (SDRs) from the Stockholm Stock Exchange, due to their decreased trading volumes. The estimated final day of trading of Nokia SDRs on the Stockholm Stock Exchange is June 1, 2007. The SDRs will also be deregistered from the Swedish central securities depository (VPC), which is estimated to take place by the end of June 2007. The holders of Nokia SDRs may retain their Nokia ownership by having their SDRs converted to Nokia ordinary shares and transferred to a custody account opened by the holder or to a Finnish book-entry account. The SDR holders will shortly receive written instructions on how the SDRs are converted to ordinary shares. These instructions will also be available at www.nokia.com/investors. Nokia's trading volumes on the Stockholm Stock Exchange have decreased significantly over the past few years and currently represent only a small percentage of the total global trading volumes of the Nokia share. In addition, the introduction of the OMX Nordic Exchange's combined Nordic List has facilitated cross-border trading between Finland and Sweden, and it is therefore no longer efficient to maintain listings in both Helsinki and Stockholm. In 2003 and 2004 Nokia delisted from the stock exchanges in London and Paris respectively. The delisting from the Stockholm Stock Exchange will further concentrate the trading of Nokia shares in liquid markets in Europe and elsewhere. The company's shares will continue to be traded within the eurozone on the Helsinki Stock Exchange and the Frankfurt Stock Exchange, and in the United States on the New York Stock Exchange (NYSE). Media and Investor Enquiries: Nokia Communications Tel. +358 7180 34900 E-mail: press.office@nokia.com Investor Relations, Europe Tel. +358 7180 34927 Investor Relations, US Tel. +1 914 368 0555 www.nokia.com


 

Telecomworldwire-January 25, 2007-Check Point obtains 96.5% of Swedens Protect Data AB (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Internet security company Check Point Software Technologies Ltd (NASDAQ:CHKP) confirmed on Wednesday (24 January) that it has acquired approximately 96.5% of the shares of Swedish IT security company Protect Data AB. Following the expiry of the extended acceptance period for Check Points cash tender offer to acquire Protect Data the company now holds 22,160,099 shares and 117,950 warrants, which on a fully diluted basis represents approximately 96.5% of the shares and votes in Protect Data. Settlement of all outstanding valid acceptances is expected to commence on or about 1 February 2007. Meanwhile Check Point has further extended the acceptance period until 7 February 2007, giving time for the remaining shareholders and warrant holders who wish to accept its offer. Check Point intends to initiate a compulsory redemption procedure to acquire the remaining shares and warrants in Protect Data as soon as possible. It will also apply for Protect Datas shares to be delisted from the Stockholm Stock Exchange. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Glitnir will host the following presentations and conference calls in relation to the publication of its full annual results for 2006. Glitnir will publish its results before opening of markets. An English version of the presentation will be available on www.glitnirbank.com as of 30 January. Presentation to shareholders and market participants in Reykjavík, Iceland Bjarni Ármannsson, CEO, will present Glitnir's full year results for 2006 to shareholders and market participants on Tuesday, 30 January, at 9.15 a.m. at Glitnir's headquarters at Kirkjusandur in Reykjavík. The house opens at 9 a.m. International telephone conference Glitnir will host a telephone conference in English at 10.30 a.m. GMT, (11:30 a.m. CET), Tuesday 30 January. Bjarni Ármannsson, CEO, will present the results and answer questions. To participate, call +44 (0)20 7162 0125 (UK), +47 2156 3122 (Norway) or +1 334 323 6203 (USA), no later than ten minutes in advance. Bjarni Ármannsson, CEO and Tómas Kristjánsson, CFO will participate. The conference call, along with a webcast of the presentation, will be broadcasted live on the Internet and can be accessed on www.glitnirbank.com. Presentation to shareholders and market participants in London, UK Bjarni Ármannsson, CEO, and Tómas Kristjánsson, CFO, will present Glitnir's full year results for 2006 to shareholders and market participants on Thursday, 1 February, at 8 a.m. at Glitnir's offices at Lothbury 41, London EC2R 7HF. The house opens at 7.45 a.m. with breakfast for guests. Participants register with Vala Pálsdóttir, Head of Investor Relations, by e-mail at ir@glitnir.is or call +354 440 4989. Media interviews bookings To book media interviews, please contact Bjørn Richard Johansen, Managing Director, Corporate Communication, by sending an e-mail message to brj@glitnir.no or call mobile +47 47 800 100.


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are expected to open mixed Thursday ahead of several data releases that could give equities some direction. Data set for release include jobless claims, December existing home sales, the December Conference Board Help-Wanted Index, and the DJ-BTMU Business Barometer. "Expect a tight trading range in the U.S. until home sales come out. Then there may be some more volatility," says Joshua Raymond at FinSpreads. Microsoft is likely to see some added volatility ahead of the companys earnings, due after the close, he adds. Spreadbetter FinSpreads is calling the Dow Jones Industrial Average to open up two points at 12,634, the Nasdaq 100 down one point at 1808.1 and the S&P 500 up 0.5 points at 1440.7. EUROPEAN MARKETS: European shares are a touch higher. In London, the FTSE 100 is up 0.1% at 6323.80, boosted by property stocks Hammerson and British Land and insurance stock Legal & General. The index touched 6331.40 earlier, a level not seen since January 2001. In Frankfurt, the DAX is up 0.2% at 6759.08, with Siemens rising in response to the companys acquisition news, and Demag Cranes up following its financial results. In Paris, the CAC is up 0.1% at 5645.69. The March bund contract is trading higher on the lower-than-expected German January Ifo index, while the March gilt is unchanged. The March bund future is up 0.15 at 115.52, while the March gilt is unchanged at 106.73. In the currency market, the dollar is lower as the market waits for a forecast decline in the latest U.S. existing home sales data. The dollar is down at Y120.50. The euro is up at $1.2974 and the pound is also up, at $1.9687. =========================== TOP STORIES: NOKIA 4Q NET PROFIT RISES 19%, AVERAGE SALES PRICE DOWN: Nokia Corp, the worlds largest mobile phone maker, said that fourth-quarter net profit rose 19% while average handset selling prices slipped. (By Daniel Thomas) SIEMENS 1Q NET DOWN, BUYS UGS FOR EUR3.5B: Siemens AG (SI) said that its fiscal first-quarter net profit fell by 16% due to a fine it recently received from the E.U. Commission. Earlier, the company agreed to buy UGS for $3.5 billion, including its debt. (By Joon Knapen) PERNOD RICARD 1H SALES UP 7.3%: French beverage company Pernod Ricard SA (12069.FR) unveiled a 7.3% rise in first-half revenue and raised its full year objectives for revenue growth, saying it now expects the full year sales organic growth to be "in excess of 6%." (By Geraldine Amiel) H&M 4Q PROFIT RISES 27%: Swedens fashion retailer Hennes & Mauritz AB (HM-B.SK) reported a 27% rise in fourth-quarter pretax profit and a 16% rise in December sales. (By Jenny Clevstrom) ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: Once again this year, carry trades may have faced a bit of a shake out. (By Nicholas Hastings) =CHARTING EUROPE: European equity indexes are close to making new 2007 highs Thursday, but may fail just before or fall back just after having achieved these as the recent advance is probably corrective. (By Axel Rudolph) FOCUS: German business and consumer sentiment weakened in January after tax rates rose, prompting calls for the European Central Bank to delay any future interest rate move until the outlook for the euro zones largest economy becomes clearer. (By Michelle Schmitz and Beate Preuschoff) =ASSET CLASS: Towards the end of last year, bearish expectations about the U.S. economy seemed to be gaining ascendancy. (By Alen Mattich) =========================== STILL TO COME ET/GMT COUNTRY/PERIOD 0830/1330 US Jan 20 Jobless Claims 1000/1500 US Dec Existing Home Sales 1000/1500 US Jan 13 DJ-BTMU Business Barometer 1000/1500 US Dec Conference Board Help-Wanted Index 1030/1530 US Jan 19 US Energy Dept Natural Gas Stocks 1100/1600 US Jan Kansas City Fed Mfg Index 1630/2130 US Money Supply =========================== OTHER NEWS: Fiat SpA (FIA) said that profit in its core auto making division nearly quintupled in the fourth quarter as the once-ailing company sailed past its own forecasts and rounded off an eye-catching 2006 with a promise to pay shareholders their first dividend since 2002. (By Kenneth Maxwell) The euro zones current account plunged into deficit in November 2006 as surpluses in goods and services were outstripped by deficits in current transfers and income. (By Ilona Billington) German business confidence fell unexpectedly in January, with companies assessment of their current environment less positive than in December, the Munich-based Ifo research institute said. (By Michelle Schmitz) Franco-Belgian water and energy company Suez (SZE) is looking to buy a minority stake of about 5% in Spanish gas giant Gas Natural SA (GAS.MC), people close to the matter told Dow Jones Newswires. (By Anne-Sylvaine Chassany) Gold Fields Ltd. (GFI), the worlds fourth-largest gold producer, unveiled plans to raise $1.2 billion to help pay for its acquisition of the South Deep mine and said it had rid itself of an inherited gold hedge book. (By Robb M. Stewart) French retail and luxury group PPR SA (12148.FR) posted 3.2% revenue growth in the fourth quarter as a strong demand for luxury goods helped offset a weaker performance from its retail activities. (By Mimosa Spencer) Acciona SA (ANA.MC) reiterated its position that Endesa SA (ELE) is worth more as a standalone company. (By Jonathan House) Dutch insurer company Aegon NV (AEG) and Sony Life Insurance Co. Ltd. announced plans to establish a life insurance company in Japan. (By Mathijs Schiffers) Thousands of British Airways PLC (BAB) cabin crew are set to walk out next week in a dispute over sick leave and pay after talks between the airline and The Transport & General Workers Union broke down overnight. (By Rod Stone) Akzo Nobel NV (AKZOY) said it has decided to proceed with plans to list 20 to 30% of the shares in of its pharmaceuticals division Organon Biosciences on Euronext Amsterdam early this year. (By Tjeerd Wiersma) UK insurance company Legal & General (LGEN) said that its full-year worldwide new business grew by 42% in 2006 on an annual premium equivalent basis fueled by a strong performance from the core UK market. (By Victoria Howley) Platinum miner Lonmin PLC (LMI.LN) unveiled a 10.9% jump in first-quarter total refined platinum group metals, or PGMs, but said refined PGM sales were flat resulting from customer delivery schedules. (By Anita Likus) Premier Oil PLC (PMO.LN) said its year end production rate rose 4%. (By Kaveri Niththyananthan) French industrial and medical gases producer LAir Liquide SA (12007.FR) reported a 1% slide in revenue for the fourth quarter of 2006, on a stronger euro and a decline in natural gas prices in the U.S. (By Anne-Sylvaine Chassany)


 

Espoo, Finland - Nokia announced today that Nokia Board of Directors will submit the below proposals to the Annual General Meeting on May 3, 2007. The Board also projects to continue with stock repurchases, and it has resolved to establish Nokia Equity Program 2007, in line with previous years' practice. - Proposal to pay a dividend of EUR 0.43 per share - Projection for a stock repurchase plan for 2007 - Proposal for a new stock option plan as part of Nokia's Equity Program 2007 - Proposal to amend the Articles of Association - Proposals to reduce the share issue premium and to record the subscription prices for shares issued based on stock options in the fund for invested non-restricted equity - Proposals to authorize the Board for stock repurchases and stock issuances Proposal to pay a dividend Nokia's Board of Directors proposes to the Annual General Meeting on May 3, 2007 that a dividend of EUR 0.43 per share be paid from the fiscal year 2006. The dividend ex-date would be May 4, 2007, the record date May 8, 2007 and the pay date May 24, 2007. The actual dividend pay date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments. Projection for a stock repurchase plan for 2007 As in 2006, Nokia's Board of Directors projects to repurchase Nokia shares under a stock repurchase plan for 2007. Therefore, the Board proposes to the Annual General Meeting a renewal of the authorization of the Board to repurchase a maximum of 380 million Nokia shares. The Board plans to repurchase shares with up to EUR 4 billion until March 31, 2008 subject to the authorization, and to commence repurchases based on the new authorization after the Annual General Meeting of May 3, 2007. The Board also intends to cancel majority of the shares held by the Company prior to the Annual General Meeting 2007. Nokia Equity program 2007 and proposal for a new stock option plan Nokia Equity Program 2007, following previous years' practice, has the below structure as approved by the Nokia Board of Directors: - Performance shares - offered as the main equity-based incentive; - Stock options - to be used at a lesser degree compared to previous years; - Restricted shares - only a small number granted to high potential and critical employees. Nokia Equity Program 2007 will focus on rewarding achievement and retaining critical talent, like Nokia equity programs of previous years. Similarly, it intends to align the potential value received by the participants directly with the performance of the Company, thus aligning the participants' interests also with the shareholders' interests. Performance shares under the Nokia Equity Program 2007 will be settled provided that the Company's performance reaches the required threshold level measured by two performance criteria: average annual net sales growth during the three-year performance period (2007-2009), and earnings per share ('EPS') (basic) at the end of the performance period (2009). The actual threshold levels will be determined and disclosed during the first quarter of 2007. The grant of performance shares in 2007 may result in an aggregate maximum payout of 12 million Nokia shares, should the maximum level for both performance criteria be met. Nokia intends to continue to grant performance shares also in 2008-2010 up to a total payout of 36 million Nokia shares. Restricted shares under the Nokia Equity Program 2007 will have a three-year restriction period and therefore be settled mainly in 2010. The grant of restricted shares in 2007 may result in a maximum payout of 4 million Nokia shares. Nokia intends to continue to grant restricted shares also in 2008-2010 up to total payout of 12 million Nokia shares. As part of Nokia Equity Program 2007, the Board proposes to the Annual General Meeting that selected personnel of Nokia Group be granted a maximum of 20 million stock options during a four year period 2007-2010. The average annual grant is planned to be 5 million. The stock options entitle to subscribe for a maximum of 20 million Nokia shares. The subcategories of stock options to be granted under the plan will have a term of approximately 5 years from grant, the last of the subcategories expiring as of December 31, 2015. The exercise prices (i.e. subscription prices) shall be determined on a quarterly basis at grant and be based on the market price of the Nokia share quoted in public trading at the time of the pricing, as determined in the terms and conditions of the stock options. The latest stock option plan was approved by the Annual General Meeting in 2005. Nokia Stock Option Plan 2005 covered a maximum of 25 million stock options to be granted 2005-2006, the average annual grant being maximum 12.5 million. As of December 31, 2006, the total maximum dilution effect of Nokia's equity incentives currently outstanding, assuming that the performance shares are settled at maximum, is approximately 3.4%. The potential maximum effect of the Nokia Equity Program 2007 would be approximately another 0.8%. Proposal to amend the Articles of Association The Board proposes that the Annual General Meeting resolve to amend the Articles of Association as follows: - Remove the provisions on minimum and maximum share capital as well as on the nominal value of a share. - Remove the provisions on record date. - Amend the maximum number of members of the Board of Directors from ten to twelve. - Add a reference that the Board's Corporate Governance and Nomination Committee shall also make the proposal on the Board remuneration. - Amend provisions on the right to represent the Company to correspond to the terminology of the Companies Act effective as from September 1, 2006. - Remove provisions on the timing for submitting the annual accounts to the auditors. - Amend the latest possible date for the Annual General Meeting to be June 30. - Amend the provisions on the notice of a General Meeting to the effect that it must be published no earlier than three months prior to the latest date of registration and also be published on the Company's website. - Remove the provisions that when the Company's shares are in the book-entry system the provisions of the law regarding participation in the Annual General Meeting shall apply. - Amend "the opinion of the chairman" to "the vote of the chairman". - Amend the list of agenda items of the Annual General Meeting to correspond to the Companies Act effective as from September 1, 2006. Proposals to reduce the share issue premium and to record the subscription prices for shares issued based on stock options to the fund for invested non-restricted equity The Board of Directors proposes that the Annual General Meeting resolve to reduce the share issue premium of the Company by a minimum of EUR 2 312 146 296.94 by transferring all the funds in the share issue premium on the date of the Annual General Meeting to the fund for invested non-restricted equity. In line therewith, the Board also proposes that the Annual General Meeting resolve that the total amount of the subscription prices paid for new shares issued after the date of the Annual General Meeting based on stock options under the Nokia Stock Option Plans 2001, 2003 and 2005 be recorded in the fund for invested non-restricted equity. Proposals to authorize the Board for stock repurchases and for stock issuances The Board of Directors proposes that the Annual General Meeting authorize the Board to resolve to repurchase a maximum of 380 million Nokia shares. The proposed amount of shares corresponds to less than 10 per cent of all shares of the Company. The shares may be repurchased in order to develop the capital structure of the Company, which includes carrying out the announced projection for a stock repurchase plan. In addition, the shares may be repurchased in order to finance or carry out acquisitions or other arrangements, to settle the Company's equity-based incentive plans, to be transferred for other purposes, or to be cancelled. The shares may be repurchased either through a tender offer made to all shareholders on equal terms, or through public trading from the market. The Board proposes that the Annual General Meeting authorize the Board to resolve to issue a maximum of 800 million shares through issuance of shares or special rights entitling to shares in one or more issues. The Board proposes that the authorization be used to finance or carry out acquisitions or other arrangements, to settle the Company's equity-based incentive plans, or other purposes resolved by the Board. It is proposed that the authorization includes the right for the Board to resolve on all the terms and conditions of the issuance of shares and special rights entitling to shares, including issuance in deviation from the shareholders' pre-emptive rights. The complete proposals by the Board of Directors to the Annual General Meeting are available on Nokia's website at www.nokia.com/agm. The proposals will be included in the notice to the Annual General Meeting which will be published later. Media enquiries: Nokia Communications Tel. +358 7180 34900 Email: press.office@nokia.com www.nokia.com


 

Nordic Business Report-January 25, 2007-Nokia to delist from Stockholm Stock Exchange (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) said on Thursday (25 January) that it has decided to apply for delisting of Nokias Swedish Depository Receipts (SDRs) from the Stockholm Stock Exchange, due to their decreased trading volumes. The estimated final day of trading for Nokia SDRs on the Stockholm Stock Exchange is 1 June 2007. The SDRs will also be deregistered from the Swedish central securities depository (VPC), and this is estimated to take place by the end of June 2007. Nokia said that its trading volumes on the Stockholm Stock Exchange have decreased significantly over the past few years and currently represent only a small percentage of the total global trading volume of Nokia shares. In addition, the introduction of OMX Nordic Exchanges combined Nordic List has facilitated cross-border trading between Finland and Sweden, and it is therefore no longer efficient to maintain listings in both Helsinki and Stockholm. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has some 65,324 employees worldwide, and reported net sales of EUR41.1bn in 2006. 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))


 

Bergman & Beving has - via its subsidiary BBIH Nord Norge AS - concluded an agreement to acquire 100 percent of the shares outstanding in TOOLS Narvik Jernvare AS (Narvik Jernvare). Narvik Jernvare supplies industrial and construction companies, craftsmen and public administration in Narvik with tools and industrial consumables. Narvik Jernvare has net revenues of approximately MNOK 20 per annum and has 10 employees. Bergman & Beving owns 51 percent of BBIH Nord Norge, which includes the newly acquired industrial reseller businesses, Tromsø Industrivare AS in Tromsö and Byens Byggsenter AS in Kirkenes. With this acquisition Bergman & Beving and the TOOLS chain further strengthen their positions as suppliers to Norwegian industry. After elimination of the Bergman & Beving Group's current sales to Narvik Jernvare, the Group's consolidated net annual revenues are expected to increase by approximately MSEK 17. Closing is expected to take place in mid-February 2007 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, 25 January 2007 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-January 25, 2007-PetroMena AS orders third semi-submersible drilling rig from Jurong Shipyard (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian drilling rig company Petrolia Drilling ASA said on Thursday (25 January) that its 43.5%-owned associated company PetroMena AS has decided to exercise an option to order a deepwater semi-submersible drilling rig from Jurong Shipyard in Singapore. The new order is PetroMenas third rig contract with Jurong Shipyard. The USD524m contract covers a 6th generation ultra-deepwater semi- submersible drilling rig of Friede & Goldman Ex-D design, and is substantially identical to the two other rigs under construction at the shipyard. PetroMena AS is under the management of Larsen Oil and Gas AS. One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 25, 2007-Bergman & Beving AB continues to strengthen TOOLS partner chain, acquires reseller in northern Norway (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial tools, consumables and components supplier Bergman & Beving AB said on Thursday (25 January) that its 51%-owned Norwegian subsidiary BBIH Nord Norge AS has agreed to acquire industrial reseller TOOLS Narvik Jernvare AS. The purchase price was not disclosed. Narvik Jernvare supplies tools and industrial consumables to industrial and construction companies, craftsmen and the public administration in the Narvik area. The company has 10 employees and annual net revenues of approximately NOK20m. The acquisition will further strengthen Bergman & Bevings TOOLS partner chain in northern Norway. 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 12.17 Norwegian kroner (NOK). One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Bergen/Oslo, January 25, 2007: Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has secured a repeat order to build a deepwater semi-submersible drilling rig at US$524 (S$802) million for PetroRig III Pte Ltd, a subsidiary of PetroMena AS of Norway. This is the third newbuild deepwater semi-submersible drilling rig that the owner has placed with Jurong Shipyard. Construction will commence immediately with delivery scheduled in the first quarter of 2010. The 6th generation ultra-deepwater semi-submersible drilling rig will be built based on the Friede & Goldman Ex-D design. It will have specifications substantially identical to the two other deepwater semi-submersible drilling units, secured in October 2005 and March 2006, currently under construction in Jurong Shipyard with deliveries in the second quarter and third quarter 2009 respectively. This ultra-deepwater semi-submersible drilling rig is capable of operating in 3,000 metres water depth and harsh environment drilling conditions. Engineered for stability and versatility with operational displacement of 43,400 metric tons at 17 metres draft and 46,750 metric tons at 20 metres draft, the semi-submersible rig is also suitable for operations in most of the world's known challenging deepwater arena. Mr Don Lee, Senior General Manager of Offshore Division said "We are pleased with the confidence that PetroMena has placed with us in ordering the 3rd semi-submersible rig unit. We are delighted to be part of Larsen Oil & Gas' rig building programme and their thrust into the offshore oil & gas sector." Mr Berge Gerdt Larsen, Chairman and largest shareholder of Larsen Oil & Gas said "We are happy with the professional relationship and the cooperation demonstrated by the shipyard and our group and their ability to bring forward the deliveries of the two semi-submersible rigs. PetroRig I has secured a long-term contract with Petrobras Amercia to drill in the Gulf of Mexico while PetroRig II is contracted to Petroleo Brasileiro S.A. for drilling in offshore Brazil. We remain optimistic of the offshore oil & gas market." Barring unforeseen circumstances, SembCorp Marine expects a positive contribution to its earnings from the contract. However, this contract is not expected to have any material impact on the net tangible assets and earnings per share of SembCorp Marine for the year ending December 31, 2007. About PetroMena AS PetroMena AS (PetroMena) is a Norwegian company under the management of Larsen Oil and Gas, a company that is involved in business development, technical, financial and operations management services and investments in the oil and offshore industries. PetroMena is 43.5% owned by Petrolia Drilling ASA. PetroRig III Pte Ltd, owner of the 3rd unit of semi-submersible rig on order, is a company incorporated in Singapore. It is a subsidiary of PetroMena AS of Norway, a company listed on the Norwegian over-the-counter (OTC) market. About Jurong Shipyard Jurong Shipyard, a fully-owned subsidiary of SembCorp Marine, is a leading shipyard offering integrated services and customised solutions in ship repair, shipbuilding, ship conversion, rig building and offshore engineering to a world-wide clientele. Apart from its proven track record in the building and servicing of jack-up and semi-submersible rigs, Jurong Shipyard is also a global leader in the EPC conversion of tankers to floating, production, storage and offloading units (FPSOs), floating storage tankers (FSOs) and floating production units (FPU). For further information please contact Mr. Lars Moldestad : phone +47 906 99 197.


 

Nordic Business Report-January 25, 2007-Nokia reports operating profit and sales up in 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish telecomms solutions provider Nokia (NYSE: NOK) reported on Thursday (25 January) an operating profit of EUR5.49bn on net sales of EUR41.1bn for the financial year 2006. Both operating profit and net sales for the 12-month period increased, respectively from EUR4.64bn and EUR34.2bn, as compared to 2005. Nokia mobile device volumes reached a record 347 million units, an increase of 31%, resulting in an estimated market share of 36%. Market volume for the same period was estimated at 978 million units, an increase of 23%. Mobile Phones net sales in 2006 increased by 20% to EUR24.7bn from EUR20.8bn in 2005, while operating profit increased to EUR4.10bn from EUR3.60bn. Multimedia net sales increased by 32% to EUR7.88bn from EUR5.99bn in 2005, and operating profit improved to EUR1.32bn from EUR836m a year ago. Enterprise Solutions net sales grew 20% to EUR1.03bn from EUR861m, while the operating loss stayed at EUR258m. Networks net sales in 2006 increased by 14% to EUR7.45bn from EUR6.56bn in 2005, while the operating profit decreased from EUR836m to EUR808m. Operating profit for the fourth quarter of 2006 amounted to EUR1.52bn on net sales of EUR11.7bn. Both operating profit and net sales for the quarter increased, respectively from EUR1.36bn and EUR10.3bn, as compared to the corresponding period in 2005. The companys fourth quarter mobile device volume increased by 19% to 106 million units, resulting in an estimated market share of 36%. Earnings per share (EPS) in the fourth quarter of 2006 amounted to EUR0.32, while the full-year EPS increased to EUR1.05 from EUR0.83 in 2005. Operating margin for the full year decreased to 13.3% from 13.6% in 2005. Nokias board of directors will propose a dividend of EUR0.43 per share for 2006, as compared to EUR0.37 per share for 2005. Nokia expects industry mobile device volumes in the first quarter of 2007 to reflect normal industry seasonality following a strong fourth quarter 2006 selling period. The companys device market share in the first quarter of 2007 is expected to be at approximately the same level sequentially. Nokia expects industry mobile device volumes in 2007 to grow by up to 10%. The company also continues to expect slight growth in the mobile and fixed infrastructure and related services market in euro terms in 2007. Nokia, headquartered in Espoo in Finland, is a global mobile phone and network equipment manufacturer. It has some 65,324 employees worldwide. 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))


 

Húsakaup og Hanza-hópurinn hafa samið við Skýrr hf. um innleiðingu á Kerfisleigu Skýrr fyrir starfsemi fyrirtækjanna, segir í tilkynningu. Kerfisleiga er samningsbundin þjónusta gegn föstu áskriftargjaldi fyrir hýsingu, umsýslu og rekstur á hugbúnaði fyrir viðskiptavini í miðlægu tölvuumhverfi með ábyrgð á uppitíma, svartíma og öryggi. "Við vorum á höttunum eftir því að einfalda rekstur okkar og ná niður kostnaði á sviði upplýsingatækni. Skýrr hefur áratugareynslu af kerfisleigu og uppfyllir strangar kröfur um hagkvæmni, afköst, áreiðanleika, þjónustu og öryggi. Við höfum miklar væntingar til þessa nýja samstarfsaðila okkar og teljum að við séum í góðum höndum hjá Skýrr," segir Jón Grétar Jónsson, framkvæmdastjóri Húsakaupa. Með Kerfisleigu Skýrr fá viðskiptavinir aðgang að eigin vinnuumhverfi, gögnum og hugbúnaði gegnum öruggt umhverfi, sem er hýst og vaktað á miðlægum búnaði hjá Skýrr allan sólarhringinn. Þess má geta að mögulegt er að reka nær allan Windows-hugbúnað hjá Kerfisleigu Skýrr. Þar má telja Microsoft Office og flestar tegundir fjárhags- og mannauðskerfa, meðal annars Axapta, DK, Microsoft Dynamics og TOK+. Hanza-hópurinn hefur verið áberandi á fasteignamarkaðnum síðustu misserin með byggingu fjögurra lyftuhúsa á svokölluðum Rafha-reit í Hafnarfirði, endurbyggingu DV-hússins í Þverholti og nýbyggingu verslunar- og íbúðarhúss í miðbæ Hafnarfjarðar. Fyrirtækið er einnig að reisa 335 íbúðir í Arnarneshæð og þróa nýtt íbúðarhverfi á Kársnesi í Kópavogi.


 

Preliminary Annual and Fourth Quarter Results 2006 Aker Yards releases its preliminary annual and 4th quarter results for 2006 on Friday 16 February 2007 at 0800 a.m. Central European Time. A presentation will be given by CEO Mr Karl Erik Kjelstad and CFO Mr Leif Borge: Friday 16 February at 0830 a.m. CET Felix Conference Centre Bryggetorget 3, Aker Brygge, Oslo, Norway. A conference call will take place at 0400 p.m. CET. The dial-in numbers are: UK dial in number: +44 (0)20 7162 0025 US dial in number: +1 334 323 6201 The call will be available at www.akeryards.com the same evening. The presentation material and quarterly report will be available on www.newsweb.no and www.akeryards.com in the morning of 16 February. Yours sincerely, Aker Yards ASA Tore Langballe Senior Vice President Corporate Communications and Investor Relations


 

Saga Capital og Þekking gengu nýverið til samninga um alhliða þjónustu Þekkingar hf. á tölvukerfum Saga Capital, segir í tilkynningu. Þar segir að um er að ræða umfangsmikinn samning sem felur í sér rekstur, viðhald og hýsingu á öllum tölvu-, hugbúnaðar- og stýrikerfum hjá Saga Capital og aðstoð við notendur. Þekking mun annast rekstur á vinnustöðvum, netþjónum, netbúnaði og jaðartækjum fyrir Saga Capital. Í þessu felst að Þekking hefur umsjón og eftirlit með virkni alls þessa búnaðar, auk þess að sjá um allt viðhald á honum og nýjar uppsetningar með tilheyrandi hugbúnaði. Jafnframt þessu mun Þekking hýsa öll miðlæg upplýsingakerfi Saga, þar á meðal hópvinnu- og tölvupóstkerfi, gagnagrunna og heimasíðu. Þorvaldur Lúðvík Sigurjónsson, forstjóri Saga Capital segir í tilkynningunni: ?Að undaförnu hefur Þekking aðstoðað okkur við uppbyggingu á tölvukerfum okkar. Það má því segja að það hafi verið rökrétt framhald af þessu samstarfi að ganga til samninga við Þekkingu um þjónustu tengda rekstri og hýsingu á tölvukerfum Saga Capital? Saga Capital er fjárfestingafélag, sem stofnað var í október á síðasta ári og hefur höfuðstöðvar á Akureyri. Saga Capital hefur sótt um starfsleyfi sem fjárfestingarbanki og er sú umsókn til afgreiðslu hjá Fjármálaeftirlitinu. Saga Capital mun leggja áherslu á sérvalin verkefni á fyrirtækjamarkaði, samruna og yfirtökur, fjárfestingalán, útlán og meðfjármögnun, stöðutöku á innlendum og erlendum verðbréfamörkuðum og viðskiptavakt með hlutabréf og skuldabréf. Starfsmenn Saga Capital eru nú 10 talsins. Þekking býður uppá fjölbreytta þjónustu á sviði rekstrar og hýsingar tölvukerfa fyrir fyrirtæki og stofnanir. Fyrirtækið hefur haslað sér völl á sviði hýsingar- og rekstrarþjónustu tölvukerfa og vaxið ört á undanförnum árum. Í dag rekur fyrirtækið tvær starfsstöðvar, á Akureyri og í Kópavogi, með um 50 starfsmenn. Þekking þjónar fyrirtækjum víða um landið og eru margir af viðskiptavinum þess í hópi stærstu fyrirtækja landsins.


 

Teligent adjusts its assessment of the forecast of order intake, net sales and net income for Q4 2006. The Board of Directors of Teligent has decided to adjust its assessment of the forecast of order intake, net sales and net income for the fourth quarter of 2006. Order intake, net sales and net income are now deemed to be in line with the third quarter figures. Previously, the Board estimated that order intake, net sales and net income for the fourth quarter would be significantly better than in the third quarter. The change in the Board's assessment is due to orders arriving later than expected, the fact that documentation for these orders is not finalised, and to increased costs on project deliveries. The year-end report including the fourth quarter and full-year 2006 will be published on 30 January 2007. For further information, please contact: Tomas Duffy, CEO & President Teligent AB Tel. +46 8 410 72 76 tomas.duffy@teligent.se Paul Hastings, CFO Teligent AB Tel. +46 8 410 172 26 paul.hastings@teligent.se About Teligent Teligent (TGNT, Stockholm Stock Exchange) is a global supplier of value added services to telecommunications carriers. The offering includes e.g. traditional and Next Generation Messaging and advanced IN solutions supporting data capabilities, such as Mobile Office/IP Centrex, Mobile Prepaid and Mass Calling. All solutions are based on the generic Teligent Application Server - a true single platform concept for convergent service development and conforming to the 3GPP IP Multimedia Subsystems (IMS). The company's solutions are currently utilised in various configurations by a large number of leading carriers worldwide, including BT, Cingular, SingTel, SMART, Telenor, TeliaSonera, Verizon and Vodafone. For further information please visit www.teligent.se


 

Nordic Business Report-January 25, 2007-Finlands Marimekko Corporation reports operating profit of EUR10.9m in 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Finnish textiles and clothing company Marimekko Corporation reported on Thursday (25 January) an operating profit of EUR10.9m on net sales of EUR41.4m for the financial year 2006. Operating profit for the 12-month period decreased from EUR11.4m, while net sales increased from EUR67.2m, as compared to 2005. Operating profit for the fourth quarter of 2006 amounted to EUR3.8m on net sales of EUR20.1m. The company said that growth in the retail trade continued in Finland in 2006, although it slowed towards the end of the year. December sales fell noticeably short of growth targets, and slower price increases weakened retail profitability. Earnings per share (EPS) in the fourth quarter amounted to EUR0.35, while the full-year EPS decreased to EUR1.00 from EUR1.05 in 2005. The board of directors will propose that a dividend of EUR0.65 per share be paid for 2006. Marimekko said that net sales growth in 2007 is expected to be at the same level as in 2006. Profitability is estimated to remain good. Marimekko is a leading Finnish textile and clothing design company. 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-January 25, 2007-Scania reports operating income of SEK8.8bn for 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish trucks and buses manufacturer Scania, which recently successfully fended off a takeover attempt by Germanys MAN AG, reported on Thursday (25 January) an operating income of SEK8.8bn on net sales of SEK70.7bn for the financial year 2006. Operating income for the 12-month period increased from SEK6.9bn, while net sales increased from SEK63.3bn, as compared to 2005. The operating income included restructuring costs of about SEK150m in conjunction with the ongoing concentration of production as well as costs of about SEK200m related to MANs offer for Scania. Operating income for the fourth quarter of 2006 amounted to SEK2.6bn on net sales of SEK19.0bn. Earnings per share (EPS) in the fourth quarter amounted to SEK9.12, while the full-year EPS increased to SEK29.70 from SEK23.33 in 2005. Scania said that it set new records in 2006, with vigorous growth in volume, earnings and cash flow. In Scanias largest market, Europe, order bookings for heavy trucks were strong during the first half of 2006 in the run-up to the environmental regulations that entered into force in the European Union during the autumn. Scania, headquartered in Sodertalje, Sweden, manufactures trucks, buses and engines. It has 30,000 employees in some 100 countries. Scania is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

SAN FRANCISCO, CA and LONDON -- (MARKET WIRE) -- January 25, 2007 -- Barclays Global Investors (BGI), one of the world's largest asset management firms, announced today that Steve Monroe has been hired as the Global Head of Cash Management. In this role, Mr. Monroe will lead BGI's global cash collateral and direct cash product offering. He will be based in San Francisco and will report to Mike Williams, Head of BGI's Global Index and Markets Group. Dave Lonergan, Head of US Cash Management, and Jonathan Curry, Head of European Cash Management, will report to Mr. Monroe. As of December 31, 2006, BGI managed $199 billion in cash assets globally. "BGI has a 25-year history in managing cash assets and has built out a successful global franchise in cash collateral and direct cash management," said Williams. "Steve has a wealth of knowledge and experience in the cash business, and his addition to the team will help keep BGI at the forefront of providing value-added cash investment products and solutions for our clients." "I am pleased to join a firm with such long and rich history managing cash for institutions," said Monroe. "BGI has been an innovator in the cash management industry and I am looking forward to working with the entire team to build on our current leadership position." Mr. Monroe joined BGI from JPMorgan Chase where he was Managing Director, National Sales Manager, Short Duration Products. Mr. Monroe earned a Bachelor of Arts degree in Economics from Williams College. Barclays Global Investors (BGI) is one of the world's largest asset managers(1) providing structured investment strategies such as risk-controlled active strategies and indexing. In the US, BGI is one of the largest active managers(2), set apart by its risk-controlled approach. The firm managed over $1.6 trillion in assets as of June 30, 2006, for more than 2,800 clients in 52 countries around the world. BGI is a majority-owned subsidiary of Barclays Bank PLC. (1) Source: "P&I/Watson Wyatt World 500," Pensions & Investments, September 4, 2006. (2) Source: "Special Reports: Money Manager Directory," Pensions & Investments, May 29, 2006. San Francisco Contact: Lance Berg 415-597-2045 lance.berg@barclaysglobal.com London Contact: Melissa McVeigh 44-207-668-8597 melissa.mcveigh@barclaysglobal.com


 

Message to the Copenhagen Stock Exchange, No. 04 - 2007, 25 January 2007 FLSmidth has contracted to supply a cement plant to Kokshe Cement, which is partly owned by East Energy Company (EEC) of Kazakhstan. The value of the contract exceeds DKK 670m (approximately EUR 90m). The some two million tonnes per year plant will be built 300 kilometres northwest of Astana, the Kazakhstani capital, and is expected to be operational in the summer of 2009. FLSmidth will supply all the essential machinery for the plant, and several FLSmidth companies and divisions are participating in the project as equipment suppliers. The scope of supply includes an EV crusher, raw material stores, an ATOX raw mill, a complete ILC two-support kiln with preheater and SF Cross-Bar cooler plus two OK cement mills. FLSmidth is also to supply its hitherto largest clinker store, which will have a capacity of 100,000 tonnes. The contract includes silos, filters and precipitators plus a complete quality and process control system, Pfister dosing equipment and two complete Ventomatic packing lines. Training of customer personnel is also included in the contract. This is the first time FLSmidth has contracted to supply a complete facility in Kazakhstan, which will be the most modern and environmentally friendly cement plant to be built in a former Soviet Union country. Local civil works will be handled by the customer himself. "The order confirms our expectations of growing cement industry activity in the former Soviet Union countries of the Commonwealth of Independent States (CIS). FLSmidth is actively pursuing the vast opportunities in this region, for example by having opened a representative office in Moscow last year," comments Mr Jørgen Huno Rasmussen, Group CEO. The order will contribute beneficially to FLSmidth's earnings until the plant is commissioned in 2009. ------------------------------------------------------------------ Please address any questions regarding this announcement to Group Chief Executive Officer Jørgen Huno Rasmussen, FLSmidth & Co. A/S at +45 36 18 18 00. Yours faithfully Torben Seemann Hansen Corporate Public Relations


 

Reference is made to stock exchange announcement 8th December 2006 regarding the agreement between Petrolia Services AS (former Petrolia Shashin AS) and IOT Holding ASA to acquire Independent Oil Tools AS. The Due Diligence regarding Petrolia Services AS acquisition of Independent Oil Tools AS has now been completed without any findings resulting in adjustments of price or conditions. Independent Oil Tools AS with subsidiaries consists of 90 employees. Independent Oil Tools AS has been demerged and later merged with a sister company and has acquired another company. In accordance with accounts for Independent Oil Tools AS of 31.10.2006 the turn over was MNOK 155, the result before tax was MNOK 40,9 and total assets was MNOK 412,5. Historic pro forma profit and loss and balance sheet figures for Petrolia Drilling ASA/Independent Oil Tools AS will be presented according to IFRS as soon as it is available. For further information, please contact Mr. Lars Moldestad, phone : +47 906 99 197.


 

Nordic Business Report-January 25, 2007-FLSmidth & Co A/S builds Kazakhstans first modern cement plant (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Danish cement and minerals industry systems and equipment supplier FLSmidth & Co A/S said on Thursday (25 January) that it has secured the contract to build Kazakhstans first modern cement factory. The DKK670m contract, awarded by Kokshe Cement, partly owned by Kazakhstani company East Energy Company, covers all essential machines for a plant with an annual capacity of 2m tonnes. The plant is scheduled to begin operations in the summer of 2009. "The order confirms our expectations of growing cement industry activity in the former Soviet Union countries of the Commonwealth of Independent States (CIS). FLSmidth is actively pursuing the vast opportunities in this region, for example by having opened a representative office in Moscow last year," said Jorgen Huno Rasmussen, CEO of FLSmidth & Co. FLSmidth & Co is headquartered in Copenhagen, Denmark. It has 5,800 employees and reported sales of DKK10.50bn in 2005. The company is listed on the Nordic Exchange in Copenhagen. One British pound (GBP) is worth approximately 11.07 Danish kroner (DKK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 25, 2007-Pandox AB acquires two hotels in Sodertalje, Sweden (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish hotel property company Pandox AB said on Thursday (25 January) that it has agreed to acquire Skogshojd Handels & Fastighets AB, the owner of Best Western Hotell Skogshojd and Quality Park Hotell in Sodertalje, Sweden. The SEK125m deal includes the businesses and the properties. Best Western Hotell Skogshojd has 225 rooms, conference facilities, several restaurants and a newly built spa. Quality Park Hotell has 150 rooms and conference facilities. Both hotels are located in central Sodertalje. Pandox, headquartered in Stockholm in Sweden, is one of Europes leading hotel property companies with a portfolio of some 41 hotels in Sweden, Denmark, Germany, Belgium, the Bahamas, the United Kingdom and Switzerland. Pandox is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 25, 2007-Pilum Engineering AB wins major equipment order from Wartsila Biopower Oy (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish business developer Optegra AB said on Thursday (25 January) that its wholly-owned subsidiary Pilum Engineering AB has received a major order from Finnish company Wartsila Biopower Oy. The order covers smoke gas and condensate cleaning and heat recycling equipment with the Swedish regional utility Halmstad Energi och Miljo AB as end customer. The value of the order was not disclosed, but Optegra described the contract as "significant". Optegra (formerly Business Improver Group) is headquartered in Malmo in Sweden. The company owns the energy engineering business Pilum with 22 employees and an annual turnover of SEK30m. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

US SUMMARY: Stocks Rally On Bullish Tech Reports DJIA 12621.77 gain 87.97 up 0.7% NASDAQ 2466.28 gain 34.87 up 1.4% S&P 500 1440.13 gain 12.14 up 0.9% Dow Future 12660.0 loss 1.00 0.0% NASDAQ Future 1818.25 gain 3.00 up 0.2% S&P Future 1445.25 loss 1.00 dn 0.1% Euro-USD 1.2964 loss 0.0003 dn 0.02% 10-Yr US Treasury: 4.81% unchanged (Futures values, Treasury, EUR/USD Data as of 0550 GMT) (Futures values, Treasury, EUR/USD Data as of 0550 GMT) Wall Street bounded higher Wednesday, lifting the Nasdaq composite index well over 1 percent after profit reports from Yahoo and Sun Microsystems restored investors confidence in the technology sector. The Dow Jones industrials logged new trading and closing highs. STOCKS: Kim Caughey, equity research analyst at Fort Pitt Capital Group, noted that investors are focusing on earnings reports for comments on current and future business conditions and for hints as to whether inflation will cool adequately to allow the Federal Reserve to lower short-term interest rates. "Investment managers are looking at two areas, one is inflation and one is growth," she said. "Far out in the future they kind of tie together because if we have too much inflation the Fed is going the take the punch bowl away." Shares of eBay rose 10.1% after market close on its report of a 24% increase in fourth-quarter net income and of a rosy full-year profit outlook. Shares of Qualcomm rose 2.1% after the company said first-quarter earnings rose nearly 5% thanks to growing demand for wireless phones that utilize the companys chipsets and software. FOREX: The dollar starts the European session mixed, after sliding against the euro and yen Wednesday, on talk that major countries will lean on Japan to jawbone the yen higher. "Headlines that Europe will seek a stronger G7 message at the next meeting on Feb. 9-10 that the yen is too weak and should reflect economic fundamentals is not a complete surprise," said Alan Ruskin, head of international strategy at RBS Greenwich Capital. "European officials have generally made a number of comments that the yen is undervalued versus the Euro at recent G7 meetings." BONDS: U.S. Treasury prices were little changed Wednesday, underpinned by a successful government auction of $20 billion in two-year notes "The auction was fairly well bid, and the market is not fairly well bid," said John Spinello, Treasurys strategist at Jefferies & Company in New York. Spinello would have expected to see some firmness in Treasurys after the successful sale, he said, but "an overall negative sentiment is really overwhelming the market," mostly due to concerns over strong economic growth and an overriding worry that fewer petrodollars may filter into the bond market as heavily as before, given the drop in oil. After a slow start to the week for bonds, investors are hoping Thursday will offer them direction, with the weeks first key data releases - weekly jobless claims and existing home sales. Expectations are for a rise in claims for the week ended Jan. 20 and a drop in home sales. "The market has moved on signs of improvement in the housing market, and (existing and new homes sales) are potentially market movers," said Mike Pond, Treasury and inflation linked strategist at Barclays Capital in New York. OIL: Futures rose to a two-week high Wednesday. Prices had earlier fallen more than $1 a barrel after the U.S. Energy Information Administration reported a larger-than-expected build in gasoline stockpiles and surprise increase in distillates. But the futures regained ground as traders weighed up other factors in the report and after U.S. oil giant ConocoPhillips said it has been told to cut back production in some OPEC-member nations. Nymnex March crude settled 33 cents, or 0.6%, higher at $55.37 a barrel. Brent crude on the ICE futures exchange rose 33 cents to $55.43 a barrel. ASIAN SUMMARY: Stocks Lower Amid Caution; Oil Falls USD-Yen 120.44 loss 0.70 dn 0.6% AUD-USD 0.7800 loss 0.0012 dn 0.2% Nikkei 225 17445.75 loss 61.65 dn 0.4% Hang Seng 20791.92 loss 29.14 dn 0.9% S&P/ASX 200 5753.30 gain 4.20 up 0.1% Taiwan Index 7923.77 loss 11.77 dn 0.2% S.Korea Kospi 1380.03 loss 3.03 dn 0.2% Spot gold $646.30 loss 0.80 dn 0.1% Brent Crude Oil $55.36 loss 0.07 dn 0.1% JGB 10-year Yield 1.6700% up 0.0150 (All values as of 0550 GMT) STOCKS: Stocks were generally lower across Asia Thursday with Japans early technology rally running out of steam. The Australian market proved the exception, hitting a new record, led by miner BHP Billiton after copper prices rose earlier. FOREX: The yen traded higher after the dollar fell through stop-loss levels around Y120.60, making Y120.40 the next support. BONDS: Japans government bond prices fell. Bank of Japan policy board member Miyako Suda said Thursday the BOJ should avoid hesitating to consider raising interest rates, if the bank is confident the economy and prices will continue to move in line with its forecasts. Suda is regarded as a hawkish member of the nine-person board, and analysts have speculated she may have been one of the three members who voted against keeping interest rates unchanged at the meeting. Japans trade surplus rose for a second straight month in December on robust exports to the U.S. and China, suggesting external demand may continue to provide support to the economic expansion. Chinas economy expanded faster than forecast in the fourth quarter, bringing full-year growth to 10.7%, its fastest pace since 1995, data Thursday showed. METALS: Spot gold last traded at $646.30, down $0.80 on the New York close on profit-taking, with a cap for now at $650 pending the next move in oil. Copper futures rose on concerns about tight supply after leading Chinese producer Jiangxi warned its stocks were low. LME 3-month was last at $5,775/ton, up $60 on London PM kerb. OIL: Prices edged 14 cents lower to $55.23, with fresh skepticism surfacing about OPECs ability to rein in production EUROPEAN OUTLOOK: Tech Set To Lead Markets Higher Euro-USD 1.2964 loss 0.0003 dn 0.02% Stlg-USD 1.9659 loss 0.0020 dn 0.2% USD-Franc 1.2476 loss 0.0005 dn 0.04% (All values as of 0550 GMT) European stocks are likely to open slightly higher, with government bond prices under light pressure and the euro little changed against the dollar but lower versus the yen. STOCKS: Technology and resource issues are set to lead markets a notch or two higher, but with losses in Asia and futures that point to a slightly weaker New York start, European gains may be short-lived. U.K. spreadbettor CMC Markets is calling the FTSE up 8 points at 6323, the DAX up 9 at 6757 and the CAC up 12 at 5650. In late M&A news, Siemens agreed to buy business software maker UGS from three private-equity firms for about $2.1 billion and assume $1.4 billion in UGS debt, the companies said. On Wednesday, the oil and metals sectors lifted European markets, as investors shrugged off declines from technology companies SAP and STMicroelectronics. FOREX: The euro is tipped to hold in a $1.2920-1.2980 range to start in Europe Thursday. Earlier, the euro and sterling fell against the yen on worries that European leaders will pressure Japan over the weak yen. BONDS: Prices of European government bonds, likely to open lower on Thursday, were mixed Wednesday, with bunds underperforming gilts on a poorly received 30-year Bund auction. Gilts were supported by the Bank of Englands minutes, showing that the quarter of a percentage point interest rate hike earlier this month was a close call and made another hike less likely. Looking ahead, markets will now get ready for the release of Germanys Ifo index, due Thursday at 0900 GMT. Economists polled by Dow Jones Newswires last week said they expected the index to post a modest improvement to 108.8 from last months 108.7. Any outcome largely in line with the average forecast of economists will only have little impact on the market, analysts said. CALENDAR: Thursday, Jan 25: German Ifo Data GMT Expected Previous 0745 FRA Jan Business Survey (goods-producing 106.0 106 industries) 0900 ITA Nov Retail Sales +0.1% -0.1% 0900 EU Nov Euro-area Balance of Payments +2.05B 0.0B 0930 GER Jan Ifo German Business Climate Index with 108.8 108.7 Ifo Business Survey in the German 115.1 115.3 Services Sector 0930 UK Dec Motor Vehicle Production 1000 EU 3Q Balance of Payments, 2nd release 1330 US Jan 20 Jobless Claims +20K -8K 1500 US Dec Existing Home Sales -0.5% +0.6% 1500 US Jan 13 DJ-BTMU Business Barometer +0.5% 1500 US Dec Conference Board Help-Wanted Index 30 1530 US Jan 19 US Energy Dept Natural Gas Stocks (in -170 -89 billion cubic feet) 1600 US Jan Kansas City Fed Mfg Index 4 1715 EU ECB member Stark speaks in Brussels 1945 EU ECB member Gonzalez-Paramo speaks at the "30th European Treasury Symposium 2007" in Berlin 2130 US Money Supply -By Dennis Baker; Dow Jones Newswires; dennis.baker@dowjones.com Corrected January 25, 2007 02:51 ET (07:51 GMT) (MORE TO FOLLOW) Dow Jones Newswires January 25, 2007 01:00 ET (06:00 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 25 Jan 2007 06:00 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events Air Liquide (12007.FR): 4Q Revenue Average revenue (DJ, 7 analysts): EUR2.96B (EUR2.83B) Note: Growth seen to be fueled partly by hydrogen sales, analysts say. Organic growth is expected to remain strong at 6.5%, Natexis Bleischroder analyst Eric Meniger says. Euro/dollar exchange to have a 2.1% negative impact, analyst adds. Autonomy (AU.LN): 4Q Earnings Average adjusted pretax profit (Co, 10 analysts): $71M ($31.6M) Average sales: $24.1M ($8.8M) Note: Adjusted pretax profit is seen up as margins move ahead due to operational leverage. Analyst Kaupthing expects continuing sales momentum, due to market dominance in enterprise search-engine market following its Verity acquisition, and initial revenues from its JV in China. Dresdner seeks upbeat commentary for the FY. Banco Portugues de Investimento (BPI.LB): FY Earnings Average net profit (DJ, 3 analysts): EUR295.2M (EUR250.7M) Average net interest income: EUR580.2M (EUR546.3M) Note: Analysts see continued strength in mortgage lending offset by higher operating costs due to the banks expansion in Portugal and Angola. Net interest income seen +6.2%. Focus will be on any updates on EUR4.3B bid from Banco Comercial Portugues (BCP.LB). Banco Sabadell (SAB.MC): 4Q & FY Earnings Average 4Q net profit (DJ, 6 analysts): EUR487.7M (EUR98M) Average 4Q net interest income: EUR291.1M (EUR257M) Average FY net profit: EUR919.7M (EUR453M) Average FY net interest income: EUR1.11B (EUR977M) Note: 4Q net profit was boosted by a one-off gain from the sale of its real estate unit. Analysts to focus on spreads, as other banks have given mixed signals on margin recovery. Casino Guichard-Perrachon (12558.FR): 4Q Revenues Average 4Q revenues (DJ, 5 analysts): EUR6.4B Note: Revenues weighed down by a weak performance in France. Casino posted EUR6.35B for the same period last year, a figure readjusted to strip out the contribution of sold assets. Analysts point to rival Carrefours (12017.FR) 4Q performance and Banque de France data as signs the French sales will be less than cheery for the period. French "sales might be mediocre at best," says UBS. Currency rates seen negatively impacting the companys international operations. Report due after market closes. Compagnie de Saint-Gobain (12500.FR): FY Earnings Average net profit (JCF, 15 analysts): EUR1.66B (EUR1.26B) Average EBIT: EUR3.55B (N/A) Average sales: EUR41.4B (N/A) Note: Analysts are looking for the company to exceed 06 guidance of 27%-28% EBIT growth, set initial guidance for 07, and possibly give word on asset disposal plans. Crest Nicholson (CRST.LN): FY Earnings Average year pretax profit (Hemscott, 9 analysts): GBP78.4M (GBP79.2M) Average EPS: 48.6p (47.0p) Note: Investec expects a 22% increase in reservations with some margin improvement. Focus is on the current Castle Bidco bid situation "overshadowing" full year results. Discussions continue regarding the 630p offer with the deadline set at February 28. Crest said it would recommend the offer which Investec expects to be completed. Total dividend per share seen up 8.5% to 13.8p from 12.9p. Maintains buy rating. Essilor (ESLOY): FY Revenue Average sales (JCF, 11 analysts): EUR2.676B (EUR2.424B) Note: Turnover was bolstered by the successful introduction of new products, analyst says. Market will watch for any news on expansion/acquisitions, Goldman Sachs says, adding management may disclose information in the conference call on the product pipeline. Reports 0600 GMT Thursday. Gold Fields (GFI): 2Q Earnings Average EPS (DJ, 3 analysts): ZAR1.34 (ZAR1.40 in 1st Quarter) Note: Higher costs and flat output are expected to offset a firm gold price/softer rand. UBS doesnt see any opportunity for Q-Q earnings upside, so evidence of cost management is likely to be key. The market is also looking out for plans for the newly acquired South Deep mine, particularly on how expansion will be funded. Hennes & Mauritz (HM-B.SK): 4Q Earnings Average pretax profit (SME Direkt, 19 analysts): SEK4.94B (SEK4.30B) Forecast range: SEK4.62B - SEK5.23B Average sales: SEK19.71B (SEK18.01B) Note: Strong sales in German retail market and November design collection likely to have boosted sales, while mild weather likely to have capped sales, analysts say. A Stockholm-based analyst sees per-share dividend up to SEK13 from SEK9.50. Sees sales in December, first month of 1Q 06/07, +12% in total, and 2% LFL, on year. Eyes on launch of the new pricier brand of clothing in 07. Nokia (NOK): 4Q Earnings Average net profit (SME Direkt, 48 analysts): EUR1.124B (EUR1.105B) Average operating profit: EUR1.47B (EUR1.368B) Average sales: EUR11.583B (EUR10.333B) Note: While analysts expect Nokia to report "good" handset sales in 4Q, they believe it faces weakening revenues growth resulting from declining average selling prices in its mobile handset division. Operating profit seen +7.5%. Sees 4Q handsets shipments increasing 24% year-on-year to 103.4M. Analysts will look for an update on merger of Nokias networks unit with Siemens (SI) network division. Novozymes (NVZMY): 4Q Earnings Average net profit (SME Direkt, 13 analysts): DKK239M (DKK197M) Average operating profit: DKK324M (DKK297M) Average sales: DKK1.74B (DKK1.62B) Note: Growth is expected to come primarily from sales of enzymes for ethanol production and lower financial expenses. Revenue is expected to rise by 7.4% and operating profit +9.1%. Eyes will be on the technical enzymes and detergents units as well as on 07 guidance. Focus will also be on the effect of the weaker US dollar in 4Q. Legal & Generals (LGEN): FY New Business Average new business (Co, 16 analysts): GBP1.7B (GBP1.3B) Note: Legal & General expected to benefit amid buoyant expectations for UK insurance sector earnings for the year. L&Gs UK new business seen +34% at GBP1.58 billion APE from GBP1.18 billion the previous year. An analyst says individual and bulk annuities performance should be scrutinized, as that is where the company makes most of its money. LOreal (12032.FR): 4Q & FY Revenue Average 4Q revenues (DJ, 7 analysts): EUR4.019B (EUR3.788B) Average FY revenues: EUR15.36B (EUR14.533B) Note: Sales are helped by first time consolidation of The Body shop in 2H and a rebound of sales in North America - following a -0.1% reading in 3Q - as retailers start rebuilding stocks in the region. Analysts say a recent weak performance in the US is a key issue but says the market accurately reflects the slight miss of long-term full year growth target of 5.8%, with 4Q sales unlikely to affect negatively stocks. Pernod Ricard (12069.FR): 1H & 2Q Revenue Average 1H revenue (DJ, 6 analysts): EUR3.44B (EUR3.27B) Average 2Q revenue: EUR2.02B (EUR1.93B) Note: Analysts will focus on the progress made by Allied brands. Some will expect Pernod to confirm that 1Q weakness was partly due to shipments timing, delayed execution of Christmas promotions and geopolitical events. Some might also expect details on the 1H earnings outlook as, during its AGM in December, Pernod did not release some forecast figures for the 1H earnings. PPR (12148.FR): 4Q Revenue Average revenue (DJ, 5 analysts): EUR5.41B (EUR5.21B) Note: The company posted revenues in 4Q 05, a reissued figure that strips out the contribution from sold assets, mainly the French department store Printemps. Analysts will be looking closely for clues on the companys margins for the period. YSL Couture and Bottega Veneta are seen driving the luxury performance while a tough 4Q for retail in France could make it "one of the weakest in recent quarters," for the retail division, says Vincent Hamel, analyst with ING. Scania (SCV-A.SK): 4Q Earnings Average pretax profit (SME Direkt, 16 analysts): SEK2.48B (SEK2.17B) Average net profit: SEK1.72B (SEK1.52B) Average sales: SEK19.71B (SEK18.29B) Note: The truckmaker continues to benefit from a strong European market. Eyes are on MANs (MAN.XE) hostile EUR10.3 billion bid set to expire on Jan. 31, and on news of the SEK17 billion Scania said it will give back to shareholders in 2007. (MORE TO FOLLOW) Dow Jones Newswires January 25, 2007 01:00 ET (06:00 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 25 Jan 2007 06:00 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events -2- Siemens (SI): 1Q Earnings Average net profit (DJ, 12 analysts): EUR962M (EUR939M) Average sales: EUR18.62B (EUR17.98B) Average new orders: EUR22.5B (EUR23.67B) Note: Siemens is expected to have raised its profitability in 1Q mainly due to a shrinking loss at its information-technology unit SBS. The loss of more than EUR200M in the same quarter last year is expected to have almost disappeared in the most recent quarter, analysts say. Siemens has operating profit margin goals for its 10 divisions of between 4% and 13%, to be reached by April. CEO, Kleinfeld is expected to reiterate the operating margin targets. Eranings report due around 0700 GMT. Television Francaise 1 (5490.FR): FY Revenue Average revenue (DJ, 5 analysts): EUR2.623B (EUR2.508B) Note: Sales are taking into account the merger of the French broadcasters pay-TV company TPS with Canal Plus (12546.FR). Analysts add the results should have little impact on the market as investors and analysts are already focused on 07. OTHER SCHEDULED EVENTS: Aquarius Platinum (AQP.AU): Q2 Earnings AT&S (AUS.AU): 3Q Earnings Avon Rubber (AVON.LN): AGM Barloworld (BAW.JO): AGM Bergs Timber (BRG-B.SK): 1Q Earnings & AGM BHP Billiton (BLT.LN): Production Update Bluewater Insurance (BLU.OS): 4Q Earnings Cozart (CZT.LN): 1H Earnings Demag Cranes (D9C.XE): 4Q Earnings ElektronikGruppen (ELGR-B.SK): FY Earnings Euro Disney (12587.FR): 1Q Revenue Glunz & Jensen (GJ-B.KO): 1H Earnings ILOG (404236.FR): 2Q Earnings International Metal Service (3390.FR): 4Q Revenue IT Way (ITW.MI): AGM ITS Seevia Group (7384.FR): FY Revenue Jelf Group (JLF.LN): FY Earnings JPMorgan Fleming Indian IT (JII.LN): AGM Kesla (KELAS.HE): FY Earnings Lacie Group (5431.FR): 2Q Revenue Lonmin (LMI.LN): AGM & 1Q Production Update Marimekko (MMO1V.HE): FY Earnings Melrose (MRO.LN): Trading Update Mikron Holding (MIKN.EB): FY Revenue Nexus Management (NXS.LN): FY Earnings Nord Anglia Education (NAE.LN): AGM Norman (NORMAN.OS): 4Q Earnings Orc Software (ORC.SK): FY Earnings Premier Oil (PMO.LN): Trading Update Riber (7595.FR): FY Revenue Rieber & Son (RIE.OS): 4Q Earnings Sensys Traffic (SENS.SK): FY Earnings Sligro Food Group (44198.AE): FY Earnings St Jamess Place Capital(STJ.LN): 4Q New Business SwitchCore (SCOR.SK): FY Earnings Tandberg Storage (TST.OS): 4Q Earnings Tieto-X (TIX1V.HE): EGM Ukio Bankas (10235.LH): FY Earnings (MORE TO FOLLOW) Dow Jones Newswires January 25, 2007 01:00 ET (06:00 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 25 Jan 2007 06:00 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates Acal (ACL.LN): 1H 2006 Dividend Payment Date International Greetings (IGR.LN): 1H 2006 Dividend Payment Date RNB Retail and Brands (RNBS.SK): FY 2006 Ex-Dividend Date (END) Dow Jones Newswires January 25, 2007 01:00 ET (06:00 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. 25 Jan 2007 07:48 GMT DJ CORRECT: =EUROPEAN MORNING BRIEFING: Yen Strengthens FOREX: The yen traded higher after the dollar fell through stop-loss levels around Y120.60, making Y120.40 the next support. (In "=DJ EUROPEAN MORNING BRIEFING: Stocks Seen Up Amid Caution," published at 0600 GMT, the direction of the yen was incorrectly stated as lower. It actually gained against the dollar.) (END) Dow Jones Newswires January 25, 2007 02:48 ET (07:48 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.


 

Nordic Business Report-January 25, 2007-Deep Sea Supply wins AHTS contract from Acergy (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian-controlled offshore support vessels operator Deep Sea Supply Plc said on Thursday (25 January) that it has secured a time charter for its new anchor handling tug supply (AHTS) vessel Sea Cheetah from Acergy. The USD6.5m contract has a duration of three to four months. Acergy will use the vessel in West Africa. The Sea Cheetah, built by Jaya Shipyard in Singapore, will be delivered on 8 February and will go directly to West Africa. Formerly Norwegian-registered Deep Sea Supply has recently changed its domicile to Cyprus. The company is listed on the Oslo Stock Exchange and traded under the ticker DESSC. One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 25, 2007-H&M; Hennes & Mauritz AB reports 12-month operating profit of SEK15,298m (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish fashion chain H&M Hennes & Mauritz AB issued on Thursday (25 January) its report for the 12-month period December 2005-November 2006, posting an operating profit of SEK15,298m, as compared to SEK13,173m in the corresponding period a year earlier. Sales excluding VAT amounted to SEK68,400m, up by 12% from SEK61,262m a year earlier. Sales in comparable stores increased by 2%, but during the financial year H&M opened 168 new stores. H&M said that it plans to continue to increase the number of stores by 10-15% per year, and that it consequently plans to open 170 new stores in the financial year 2006/2007. Most of the new stores will be located in the US, Spain, Italy, Germany, the United Kingdom and Canada. The company has also begun preparations to open a store in Tokyo, Japan in 2008. The plans for 2007 also include the launch of a home textiles business. H&M Home, scheduled to be launched in the autumn, will initially offer home textiles through online and catalogue sales in the Nordic region and in the Netherlands, as well as through online sales in Germany and in Austria. During the year H&M will also launch a new store chain under the brand COS (Collection of Style). The new store chain will open some 10 stores during the year, beginning with a store in Regent Street in London in March. H&M Hennes & Mauritz, headquartered in Stockholm, Sweden, is an international clothes and cosmetics chain with nearly 40,400 employees in some 20 countries. H&M is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 25, 2007-Norwegian food group Rieber & Son ASA reports strong growth (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian food group Rieber & Son ASA issued on Thursday (25 January) its preliminary results for 2006, reporting a 53% increase in pre-tax profits and a 20% increase in sales. The operating earnings (EBIT) improved to NOK380m from NOK258m in 2005, while sales improved to NOK4,263m from NOK3,558m in the year before. The improvements were mainly due to acquisitions, the rapid growth of new products and cost reductions. The cost reduction programme IMPRO 07 reduced costs by some NOK75m in 2006, but the programme is expected to reach full effect in 2007, having a positive effect of at least NOK150m. Rieber & Son, headquartered in Bergen in Norway, is one of Norways largest food groups. Its main markets are the Nordic countries and selected countries in Western Europe and Central Eastern Europe. Rieber & Son is listed on the Oslo Stock Exchange and traded under the ticker RIE. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 25, 2007-ODIM ASA wins NOK30m anchor handling equipment order from Aker Langsten (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian technology group ODIM ASA said on Thursday (25 January) that it has received an order for automated anchor handling equipment from Norwegian shipyard Aker Langsten. The NOK30m order covers the supply of four ODIM Anchor Recovery Frames (ODIM ARF) for installation on anchor handling vessels under construction for Farstad Shipping. "ODIM ARF is under assessment in a number of new projects and ODIM therefore expects that more ship owners will implement this solution in the future," commented Torgeir Haugan, senior vice president of ODIMs business area Offshore Service Vessels. ODIM, headquartered in Hareid in Norway, develops advanced automated handling solutions, primarily cable handling systems and winches. ODIM is listed on the Oslo Stock Exchange under the ticker ODIM. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

The board of Oslo Stock Exchange approved the shares of Oceanteam Power & Umbilical ASA for trading on the SMB-list marking an important milestone for the company. Oceanteam will be listed under the ticker OPUA The first day of listing will be confirmed when the an introductory prospectus is approved by Oslo Stock Exchange. The listing provides Oceanteam with a regulated marketplace for the trading of its shares in a market which is familiar with Offshore Services. The company has issued to date 13,843,538 shares at a par value of NOK 10 and no new shares will placed before the listing. Oceanteam has been listed on the Norwegian OTC list since 19 May 2006. The share is currently traded at NOK 65 giving the company a market capitalisation of NOK 900 million. For further information, please contact: CEO Haico Halbesma +47 95 80 98 73 haico@oceanteam.no COO Jon Mears +44 77 74 44 22 56 jon.mears@oceanteam.net


 

Houston, Texas (24 January 2007) - TGS-NOPEC Geophysical Company (TGS) announced today that the first results of its Stanley Non-Exclusive 3-D Survey located in the Green Canyon and Atwater Valley areas of offshore Louisiana are now available for delivery to its customers. These initial results cover over 250 OCS blocks with pre-stack time migrated data and over 180 blocks with pre-stack depth migrated (PSDM) data. TGS expects to deliver an additional portion of PSDM data in March. "Although the Stanley area has historically proven to be a very difficult area in which to produce clear sub-salt images, the technical adjustments we have made to our acquisition parameters combined with state of the art imaging techniques are generating superior results," said Kim Abdallah Vice President NSA New Ventures. Originally commenced in the spring of 2006, the Stanley program will ultimately cover approximately 550 OCS blocks (approximately 13,000 square kilometers). Based on a number of recent licensing commitments from customers and strong industry interest, TGS has modified the original survey outline. Now highly funded by several oil company participants, the survey encompasses a large number of blocks that will be newly available for both the fall 2007 and spring 2008 scheduled Central Gulf of Mexico lease offerings. TGS-NOPEC Geophysical Company (TGS) is a leading global provider of multi-client geoscientific data, associated products and services to the oil and gas industry. TGS specializes in the creation of non-exclusive seismic surveys worldwide. The Company provides advanced depth imaging solutions and software through its TGS Imaging division. Well log data is available for conversion, sourcing, management and immediate delivery through TGS subsidiary, A2D Technologies. Multi-client interpretive products and subsurface consulting services are provided through the Company's Aceca subsidiary. The TGS family of companies places a strong emphasis on providing high-quality data and the highest level of service to the industry. All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS` reliance on a cyclical industry and principal customers, TGS` ability to continue to expand markets for licensing of data, and TGS` ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason. TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO: TGS). For more information about this news release, please contact: John Adamick VP Business Development Tel: +1 713 860-2100 Email: jada@tgsnopec.com Arne Helland Chief Financial Officer Tel: +47 66 76 99 31/+47 91 88 78 29 Email: arne.helland@tgsnopec.no --- End of Message --- ISIN: NO0003078800; ;


 

Financial statement January 1-December 31, 2006 for SwitchCore AB (publ) Corporate Identity Number 556541-8869 Summary * The Group's sales for the period totaled SEK 59.4 million (108.2) which is on par with released forecast in the 3Q report. Sales calculated in USD amounted to 8.0 million (14.5). 4Q sales reached SEK 8.4 million (15.3) with sales calculated in USD reaching 1.2 million (1.9). * The Group's operating loss for the period was SEK 80.0 million (-27.8). Loss after taxes amounted to SEK 79.1 million (-27.8). The loss per share was SEK 0.13 (-0.13). The Group's operating loss for 4Q totaled SEK 32.2 million (-9.9). Loss after taxes amounted to SEK 32.3 million (-10.4). The loss per share was SEK 0.05 (0.05). * Orders received during the period reached SEK 56 million (82), with orders received during 4Q reaching SEK 6 million (15). The variation between the years' figures is attributed to a generally lower demand for the company's products. * Liquid funds stood at SEK 96.4 million (16,1) at the close of the period. * Development of SwitchCore's third product generation, Xpeedium3 is progressing according to plan The first design is now completed and will be launched in the spring 2007. SwitchCore will reduce the number of consultants in tune with the completion of the Xpeedium3 products, thereby reducing the company's costs during the first six months of 2007. * The drop in sales during 2006 and the current sales level will remain until Xpeedium3 start generating revenues. The company is actively working to develop partnerships with industrial and financial partners to accelerate growth. General information about the business: SwitchCore AB develops, markets and sells integrated network devices for data, voice and video communication based on the Ethernet standard. The core of SwitchCore's expertise is in its CXE technology, which allows for significantly higher network product capacity. Using SwitchCore's components, customers can develop network products that cost-efficiently manage and prioritize data, video and voice traffic for many demanding applications. Customers and partners are network equipment manufacturers and suppliers, including Intel, Allied Telesyn, Huawei/3Com, Alloptic, Fiberhome, Flextronics, Keymile and World Wide Packets. The Group presently has about 55 employees and some 45 consultants contracted. SwitchCore's headquarters is in Lund, Sweden. The Company also has offices in San Jose, USA, as well as Singapore and Shanghai in Asia and Rotterdam in Europe. The Company is listed on Stockholm Stock Exchange's Nordic List under Smaller Companies under the SCOR ticker. For more information visit http://www.switchcore.com/ Footnote: The figures in parenthesis (xx) correspond to the figures for the same period last year. Comments by the CEO "SwitchCore has made important progress in the development of the next product generation, Xpeedium3. We completed the first product, a Network Search Engine that is a device for quick searches in address lists based on our in-house designed CAM technology around the end of last year, which is very satisfying. We will now continue to work unrelentingly on the other Xpeedium3 products and predict that they will be ready for a market launch around the end of 2007. "We received our first volume order for Xpeedium2Pro from the Austrian company, Keymile in 2006. We have also entered a partnership with Fujitsu Microelectronic Europe to provide advanced Metro, Access and Core network solutions. Our two companies' products complement each others' well and together give our customers a stronger product range. "The sales figures for 2006 are disappointing. The Xpeedium family has been a success but is now declining. That together with the lower sales of Xpeedium and Xpeedium2pro, explains the drop in sales. "Finally I`m happy to say that we have employed Johan Ericsson as VP of Engineering and Matz Öhlén as VP of Strategic Marketing. Sales and results for the period * The Group's net sales for the period amounted to SEK 59.4 million (108.2). Billing in USD reached 8 million (14.5). OEM sales to Intel made up 40 percent (30) of the total sales. SwitchCore complies with IAS1 as of January 1, 2005. This means the Group will separately account for capitalized development costs among the Group's earnings, in total SEK 92.8 million (26.2). The sum is not included in the above net sales. * The gross profit margin for the period was 41 percent (53). The drop in margin is due to increased inventory write- offs of 7 MSEK. * The Group's operating loss was SEK 80.0 million (-27.8). A total of SEK 40.8 million (17.4) for R&D costs brought forward were depreciated in 4Q. Results were negatively affected by declining sales, write-offs in inventory and the company's decision to accelerate the depreciation rate of Xpeedium 2, which has been written off in full from the turn of 2006/2007. * USD exposure in the net operating loss amounts to about 0 percent of sales since all billing is issued in USD and most of the company's operating costs are in USD. The Group's results for the period include a foreign exchange profit/loss of SEK 0.1 million (0.5). * The loss after tax was SEK 79.1 million (-27.8). * Loss per share was SEK 0.13 (-0.13). 4Q sales and results * The Group's 4Q sales amounted to SEK 8.4 million (15.3). Sales calculated in USD totaled 1.2 million (1.9). OEM sales to Intel answered for 19 percent (6) of the total sales. Investments reported in capitalized development costs totaled SEK 29.1 million (9.5). * The Group's 4Q operating loss was SEK 32.2 million (-9.9). A total of SEK 13.2 million (4.4) in previously capitalized development costs were depreciated for the period. Financing and liquidity Stockholder's equity stood at SEK 190.4 million (69.8) on December 31, 2006 and equity per share was SEK 0.31 (0.34). D. Liquid funds at the end of the period totaled SEK 96.4 million (16.1) The company has a utilized credit facility of USD 0.2 million (.13). The decline in sales experienced in 4Q as well as the investment rate in Xpeedium3 has negatively affected liquidity. Capital stock amounts to SEK 123.9 million, with the number of stocks totaling 619,400,196. Parent company * The parent company's sales during the period amounted to SEK 59.4 million (108.2). * The loss after net income/expense was SEK 38.2 million (-19.1). The market SwitchCore's products address applications based on the Gigabit Ethernet standard, a communication technology that is ten times faster than its predecessor, Fast Ethernet. Underlying growth potential for the Gigabit Ethernet market is strong even though the adoption ratio is high. Next shift in speed is the move from Gigabit Ethernet to 10Gigabit Ethernet which is expected to ramp 2008/2009. SwitchCore therefore estimates a strong growth for it's next generation of products, Xpeedium3. Sales SwitchCore's customer segments consist of companies that develop advanced network equipment (network switches) for enterprise and access networks based on the Ethernet standard. Products developed by SwitchCore's customers cost-effectively manage and prioritize data, video and voice traffic for many different applications. The company estimates there are about 500 potential customers for its products, concentrated to North America and Asia (mainly China, Korea and Japan). The European market is expected to evolve at the same rate the demand for access networks grows. SwitchCore had about 115 design wins and some 65 customers by the end of 4Q. A design win is when a customer decides to develop a switch or router based on SwitchCore's CXE products. SwitchCore is looking for partners to promote the sales of both present-day and next generation products. The company has excellent experience of this type of partnership through is longstanding, successful relationship with Intel. The task of finding a partner to promote sales of the Xpeedium2 family, as well as the pending Xpeedium3 product generation is in progress. Our partnership with Fujitsu Microelectronic Europe is a result of these efforts and is expected to generate products on the market during the first quarter 2007. North America Original Equipment Manufacturing (OEM) sales to Intel answered for about 40% of SwitchCore's total sales. Based on Intel's forecasts, the company finds that Intel's demands for SwitchCore's devices will remain also in 2007. Other major North American customers include Alloptic, Allied Telesyn, Calix, Radisys and World Wide Packets. Asia The Chinese company Huawei and customers on the Korean market are presently at the end of the Xpeedium product lifecycle which means that sales are declining. Customer relationship are good and with the right products SwitchCore is welcomed back as a supplier. During 2006 SwitchCore has received new design wins in Taiwan and China based on Xpeedium2pro. Throughout the year the company has strengthen it's presence in Japan. Europe and Africa The Austrian company Keymile placed its first volume order for Xpeedium2pro, valued at SEK 2.2 million during 4Q. The company launched an IP-DSLAM product at the 2006 CEBIT trade show that is based on SwitchCore's Xpeedium2pro devices. Another revenue-generating customer in Europe is the Israel-based company ECI. The company has signed a new sales agreement with a dealer in France. During 2006 we have increased our presence in Europe, Russia, India and Africa. We believe in growth in Europe even though from low levels. Products Xpeedium is the common name for SwitchCore's products and the first generation of products answers for most of our sales today. The OEM contract with Intel includes the Xpeedium products. The company expects there will be a market for this product family up until 2010. Xpeedium2 and Xpeedium2Pro are the second generation product family from SwitchCore. Although ready for volume production, the product has not advanced as the company expected. Volume sales are expected to take off in 2007, though in a limited capacity. SwitchCore has some 15 design wins coupled to this product family. Our partnership with Fujitsu Microelectronic Europe is progressing according to plan and the first joint product is expected to be launched during 1Q 2007. SwitchCore is now developing its third-generation product family, Xpeedium3. Xpeedium3 consists of a number of circuits for advanced next-generation enterprise and access network systems. The new architecture solution allows faster data transfer and integrates many functions in the circuit. SwitchCore's technology enables customers to cost-efficiently develop a complete product range from a basic platform. SwitchCore completed the first Xpeedium3 product at the close of 2006. The product is a Network Search Engine that performs four times faster than other products on the market and is used to search for addresses, among other things. The product will be launched in the spring 2007. Xpeedium3 is designed to attract more market segments than SwitchCore's products do today, making it easier to grow on the total switching device market. Xpeedium3 follows the original time schedule. Organization and employees The SwitchCore organization consists of a parent company, SwitchCore AB, first-tier subsidiaries SwitchCore Options AB, SwitchCore Singapore Private Limited, SwitchCore Intellectual Property AB, Eroc Technology AB, SwitchCore Taiwan AB (dormant) and SwitchCore in Stockholm AB (dormant), and the second-tier subsidiary SwitchCore Corporation (a wholly-owned subsidiary of SwitchCore Options AB). At the close of the period, the distribution of the Group's employees was as follows: The Group had 58 (51) employees of whom 50 (44) in Sweden and the rest of Europe, 6 (5) in the US and 2 (2) in Asia. Of the employees, 22 (18) percent are female and 78 (82) percent are male. The average age is 41 (38) years. SwitchCore has reinforced its management team with two individuals who have extensive experience from the industry. The company has hired Johan Ericsson as Senior Vice President Engineering. He has worked at Assa Abloy Entrance Systems, Wespot, Cellavision, Axis and TAC. The company has also hired Matz Öhlén as Vice President of Marketing. He joins SwitchCore from Nanoradio where he was in charge of Product Management and Applications. He has also worked at National Semiconductor and Programma Electric. Johan Ericsson and Mats Öhlén will take up their positions in May and February 2007 respectively. Investments The Group's investments in tangible fixed assets totaled SEK 1.0 million (0,6), of which SEK 0.9 million (0.6) was in the parent company. In addition, investments have been reported in capitalized development costs for a total of SEK 92.8 million (26.2) of which about 20% consists of personnel costs and the remaining portion of external costs such as consultancy costs, tools and license costs. Previously capitalized expenses were depreciated by SEK 40.8 million (17.4). In total, the change in capitalized development costs is SEK 52.0 million (8.8). These investments all relate to Xpeedium3, SwitchCore's imminent new product family. Patents SwitchCore's patent strategy is built on creating a patent portfolio where the most important parts of the CXE technology are protected. The functions of future products are earmarked at an early stage for possible patenting. In total SwitchCore owns 14 patented inventions spread over 31 registrations; 7 in Sweden, 11 in the US, 2 in Taiwan, 2 in China and 9 in other countries. One patent application has been submitted for review in the US. Outlook Sales has gone down during 2006 and from now until Xpeedium3 start generating revenues the lower sales level will remain. The company is actively working to develop partnerships with industrial and financial partners to accelerate growth. SwitchCore's stocks The company's stocks are quoted on Stockholm Stock Exchange's Nordic list. The average daily turnover of stocks for the January 1-December 31, 2006 period was SEK 1.990.397. During the same period, the average number of traded stocks was 4.180.345 per day. The total number of stocks in the company at the end of the period was 619,400,196. Reports 2007 1Q Report January 1-March 31, 2007 April 19, 2007 2Q Report January 1-June 30, 2007 July 19, 2007 3Q Report January 1-September 30, October 18, 2007 2007 Financial January 1-December 31, 2007 January 24, statement 2008 Accounting principles This interim report was prepared according to the IFRS and is the eight financial report that SwitchCore presents in line with the IFRS, meaning that the report complies with IAS 34. The conversion to IFRS had no effect on SwitchCore. However, there are some areas where IFRS will have an influence on the Group's income statement and balance sheet as of January 1, 2005: Reporting and evaluation of Financial Instruments (IAS 32 and IAS 39): In accordance with IAS 39, all derivative instruments such as futures are to be reported in the balance sheet and evaluated at actual value. Since SwitchCore did not have any futures or other financial instruments on January 1, 2005 the impact of the opening balances was zero according to IAS 39. IAS 39 did not have any impact on the closing balance. Translation of foreign companies accounts (IAS 21): All businesses abroad are classified as integrated, i.e. they have the same functional currency as the parent company. They have therefore been translated using the monetary method. Translation differences are reported in the consolidated statements. Stock Option Plan (IFRS 2): The parent company has issued stock options. The schemes were issued before November 7, 2002 and are therefore not affected by IFRS 2. The Annual Meeting held on May 4, 2006 resolved to introduce a stock option plan valid from 2006-2010. The Plan has had a marginal effect on SwitchCore's earnings and position presented in this report. The same accounting principles and calculation methods used in the most recent Annual Report have been used in this report. Lund, Sweden January 25, 2007 Erwin Leichtle, Chief Executive Officer and President, SwitchCore AB (publ) The report has not been subject to review by the company's auditors. For more information: SwitchCore will hold a phone conference for media and financial analysts today, January 25, 2007 at 11 a.m. A presentation is available at www.switchcore.com Phone: + 46 8 672 81 50 Register code SwitchCore Or contact: Erwin Leichtle, CEO SwitchCore Email: erwin.leichtle@switchcore.com Mobile: +46 703 389300 Maria Rydén, CFO SwitchCore Email: maria.ryden@switchcore.com Mobile: +46 73 429 2565 The entire report, including tables, can be downloaded at:


 

TRADING SYMBOL: TORONTO & OSLO: CRU FRANKFURT: KNC OTC-BB-other: CRUGF LONDON, United Kingdom: January 25, 2007 - Crew Gold Corporation ("Crew" or the "Company") (TSE & OSE: CRU; Frankfurt: KNC; OTC-BB- other: CRUGF.PK. Crew Gold Corporation announces that on January 24, 2007 Cameron Belsher exercised options to purchase 100,000 common shares at an exercise price of $0.40 per share. The options were originally granted on March 7, 2002 and were set to expire on March 7, 2007. Mr. Belsher also sold 100,000 common shares at a price of $2.55 per share. Following these transactions, Mr. Belsher's total exposure is 784,900 common shares and options. 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; ;


 

We are pleased to inform that delivery of our first large Anchor Handling Tug Supply (AHTS) vessel "Sea Cheetah" from Jaya Shipyard in Singapore is expected on 8 February 2007. The delivery date is according to the original time schedule. Deep Sea Supply has entered into a 3 - 4 months time charter with Acergy. The value of the charter is approximately USD6,5 mill. including fees for mobilization and demobilization. The vessel will go directly to West Africa which will be the area of operation. 24 January 2007 DESS Management AS


 

Vancouver, January 24, 2007: Buck Morrow, the President of Northland Resources Inc ("Northland") is pleased to announce that it has now received a permit to collect a 1,000 tonne bulk sample from its 100% owned Stora Sahavaara iron-copper project in Norrbotten County, northern Sweden. The Company is finalizing contract negotiations with a general excavation company to extract the material and they are expected to begin mobilization to the site as early as next week. The permit application was approved at a meeting of the Environmental Committee of Norrbotten County Administration Board today (January 24, 2007). In June 2006, the Company retained Corus Consulting to supervise a comprehensive investigation of the optimum treatment route for magnetite ore from Stora Sahavaara (see news release dated June 29, 2006). Their work- in addition to the design and supervision of the bulk sampling program- will comprise of a testwork program to determine the optimum beneficiation route for the ore, development of a flowsheet, and a pelletizing testwork program. Corus are also working on a market review to identify current supply and demand for various iron ore products and to determine the most appropriate product mix for the Stora Sahavaara material and identify potential customers. Northland has delineated a NI43-101 compliant resource at Stora Sahavaara (see news release dated May 18, 2006). Using a 25% Fe cut off, the magnetite body contains: Category Tonnes Fe% Cu% Measured 77,063,210 43.32 0.080 Indicated 44,634,770 43.28 0.076 Inferred 23,346,373 41.76 0.051 Qualified Person Resource estimates were prepared by third party consultant (Bart Stryhas, PhD Structural Geology); the resource model and estimates were subsequently reviewed by Chlumsky Armbrust & Meyer L.L.C. ("CAM") an independent, mineral resource, consulting and engineering group based in Lakewood, Colorado USA. CAM believes that the Stora Sahavaara resource and resource model have been prepared according to accepted engineering practice for a project at this level of development. Vance V. Thornsberry, P.Geol., Vice-President of Exploration for Northland Resources, is the Qualified Person as defined in NI43-101, and has verified that the information presented in this release has been accurately summarized from the reports quoted herein. Background Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland. ON BEHALF OF THE BOARD "Buck Morrow" NORTHLAND RESOURCES INC. The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release. CONTACT INFORMATION Northland Resources Inc. Buck Morrow, President Ralph Rushton / Karen Davies, Investor Relations Toll Free: 1-866-719-8962 www.northlandresourcesinc.com


 

MorphoSys AG (Frankfurt Stock Exchange: MOR; Prime Standard Segment, TecDAX) today announced an expansion of its existing marketing alliance with its Tokyo-based partner GeneFrontier Corporation. The expanded collaboration now also covers the generation of HuCAL-derived fully human antibodies for proteome research and target validation together with a renowned Japanese research organization as well as commercialization of resulting antibody products. Under the terms of the agreement, GeneFrontier will utilize MorphoSys's HuCAL GOLD antibody library to generate novel HuCAL antibodies against targets provided by its collaboration partner. For this purpose, the HuCAL antibody technology was installed at GeneFrontier's research laboratories within a research facility in Tokyo. GeneFrontier will provide MorphoSys with financial compensation for access to the HuCAL technology. GeneFrontier and MorphoSys agreed to share commercialization rights for all antibodies discovered in this project against targets identified and validated by GeneFrontier with its partner. Further financial details of the agreement were not disclosed. "GeneFrontier, as a local Japanese partner, is uniquely placed to target specific areas of the life science market, which would be not accessible for a foreign company. The logic behind this deal is in many respects the same as the research collaborations we have with other leading institutes, such as the recently announced alliance with The Burnham Institute," commented Dr. Simon Moroney, Chief Executive Officer of MorphoSys AG. "Collaborating with GeneFrontier as a local partner in Japan has paid off for MorphoSys. In the past 16 months, they have helped us secure significant contracts with the pharmaceutical companies Daiichi Sankyo and Shionogi, as well as new customers and research relationships for AbD Serotec." "We are excited at this opportunity to expand our alliance with MorphoSys to apply the HuCAL technology to a number of our ongoing research programs with our partner," commented Makoto Ogasawara, President & CEO of GeneFrontier Corporation. "This state-of-the-art technology will significantly accelerate the target validation process, and lead to the rapid discovery of novel therapeutics." For further information please contact: Dr. Claudia Gutjahr-Löser, Head of Corporate Communications, Tel: +49 (0) 89 / 899 27-122, gutjahr-loeser@morphosys.com or Mario Brkulj, Manager Public Relations, Tel: +49 (0) 89 / 899 27-454, brkulj@morphosys.com About MorphoSys: MorphoSys develops and applies innovative technologies for the production of synthetic antibodies, which accelerate drug discovery and target characterization. Founded in 1992, the Company's proprietary Human Combinatorial Antibody Library (HuCAL) technology is used by researchers worldwide for human antibody generation. The Company currently has licensing agreements and/or research collaborations with Bayer (USA), Boehringer Ingelheim (Germany), Bristol-Myers Squibb (USA), Centocor Inc. (USA), Daiichi Sankyo & Co., Ltd. (Japan), GPC Biotech AG (Germany), Hoffmann-La Roche AG (Switzerland), ImmunoGen Inc. (USA), Merck & Co., Inc. (USA), Novartis AG (Switzerland), Novoplant GmbH (Germany), OncoMed Pharmaceuticals, Inc. (USA), Pfizer Inc. (USA), ProChon Biotech Ltd. (Israel), Schering AG (Germany), Schering-Plough (USA), Shionogi & Co., Ltd. (Japan), Xoma Ltd. (USA) and others. Additionally, MorphoSys is active in the antibody research market through its AbD Serotec business unit. The business unit was founded in 2003 for the purpose of exploiting the MorphoSys non-therapeutic antibody markets. MorphoSys' activities in the research antibody segment were significantly strengthened through the acquisition of the U.K. and U.S.-based Biogenesis Group in January 2005 and Serotec Group in 2006. For further information please visit the corporate website at: http://www.morphosys.com/. About GeneFrontier: GeneFrontier was established in 2003 as an innovative solution provider for genomic drug research & development. GeneFrontier has the strength and wealth of experience of its three founding shareholders; the business creation expertise and broad network of ITX CORPORATION, the biotechnology and extensive clinical laboratory experience of BML and the bioinformatics technology and know-how of INFOCOM. GeneFrontier's expertise lies in the fast introduction of state-of-the-art technologies into the Japanese biotech research and drug-discovery markets, i.e. monoclonal antibodies, microarrays, and many other innovative technologies from all over the world. GeneFrontier also develops its own drug pipeline utilizing these technologies in order to contribute to the improvement of Quality of Life. For further information please visit the corporate website at: http://www.genefrontier.com/ Statements included in this press release which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbour provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Factors that may affect future operations and business prospects include, but are not limited to, clinical and scientific results and developments concerning corporate collaborations and the company's proprietary rights and other factors described in the prospectus relating to the company's recent public offering. HuCAL® and HuCAL GOLD® are registered trademarks of MorphoSys AG


 

PALO ALTO, CA -- (MARKET WIRE) -- January 24, 2007 -- FoxT Inc. (www.foxt.com), the leading provider of enterprise compliance and controls automation solutions, today announced a new release of FoxT Application Controls. The new solution provides unified management of Segregation of Duties (SoD) across ERP, legacy, and other packaged business applications, enabling IT Security and Compliance teams to ensure that employees are granted appropriate access rights and entitlements. Maintaining control over the millions of individual access rights to the transactions that drive a business is crucial to achieving compliance and reducing exposure to fraud. Identity management and user provisioning solutions are only part of the answer. IT organizations also need real-time visibility into fine-grained user entitlements and the ability to remediate and automatically track role changes to ensure continuous enforcement of segregation of duties. In addition to detecting and enforcing segregation of duties, the new FoxT Application Controls solution also enables organizations to effectively design and test controls, remediate role conflicts, and generate audit reports for all of their business applications through a single solution. Capabilities included in the new version of FoxT Application Controls: -- Consolidated management of SoD across business applications to reduce the time spent monitoring and managing compliance activities -- Comprehensive, user-friendly reporting from consolidated graphical executive views for business users to flexible drill-down reports that rapidly identify root causes of SoD issues -- Continuous user transaction activity monitoring, trend analysis, and system scoring to improve fraud detection -- Graphical tools and root-cause analytics for rapid resolution of SoD violations -- Simulation testing to validate the success of changes and optimize role re-design "In addition to being the only product in the market that covers the business needs of a multi-application environment, the new version of FoxT Application Controls improves user effectiveness with a powerful dashboard that presents the high level audit status down to detailed test results, and graphical tools for rapid remediation of SoD violations," reports Magesh Ranganathan, Product Director for Applications Controls. "The new version also optimizes operational effectiveness with flexible report generation capabilities and a sophisticated SoD engine and risk matrix that work together to eliminate false positives." "We are taking a broader approach to controls to enable enterprises to be compliant beyond the enforcement of segregation of duties," said Subhash Tantry, CEO at FoxT. "We have architected the FoxT GRC (Governance, Risk and Compliance) Platform for designing, documenting, attesting, remediating and continually improving controls on business processes, applications and the IT infrastructure. The FoxT GRC platform is hardened from a security standpoint and is independent of the underlying packaged or custom business applications. All compliance and security controls related products from FoxT are being rendered on this platform." About FoxT FoxT offers a comprehensive controls solution that enables organizations to effectively manage corporate governance, risk management and compliance. FoxT combines corporate controls, application controls and secure IT controls software into a single, integrated platform that provides continuous visibility into business processes and performance. Through smart integration and automation, FoxT solutions reduce total cost of ownership, deployment risk, and time to market, making compliance sustainable and transforming it into a source of competitive advantage. Headquartered in Palo Alto, California, FoxT serves Global 1000 customers in 32 countries. For more information, contact: Elliott Zember +1 650 687 6248 or visit www.foxt.com


 

Vancouver, January 24, 2007 - Global Developments Inc. (PINKSHEETS: GDVM), a publicly traded venture capital company, is pleased to provide the following update with respect to Autobahn International Inc., a vehicle import company in which Global holds an equity stake. Autobahn International's CEO, Antonio Finamore, announced the company had changed its name to Moto Auto Group Ltd. effective January 9, 2007. According to Mr. Finamore, the name change to Moto Auto Group followed recent discussions with distributors in South America and Eastern Europe who felt that the Moto name was easier to brand and simpler to remember than a name that can be difficult to spell and often awkward to pronounce outside of German and English speaking countries. Mr. Finamore stated, "After extensive research with focus groups, the name Moto Auto Group, derived from an Italian word meaning motion or movement, was selected as the name best suited to our line of business." The company plans to launch a marketing and branding campaign under the new name in the very near future. About Moto Auto Group Moto Auto Group is an importer of automobiles and automotive technology. In 2005, Moto Auto Group acquired ZX Auto Group Inc., a company involved in joint ventures with Chinese automobile assembly plants. Through this acquisition, Moto became an importer of world-class Chinese automobiles, pick-up trucks and sport utility vehicles. For more information please visit www.motoautogroup.com. About Global Developments Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information. Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com. Contact: Leighton Dean Tel: (604) 685-7552 info@globaldevelopmentsinc.com Source: GLOBAL DEVELOPMENTS, INC.


 

Vancouver, January 23, 2007 - Global Developments, Inc. (PINKSHEETS: GDVM), a publicly traded venture capital company, is pleased to provide the following update with respect to Red Truck Entertainment, a Phoenix and Nashville based recording, film, and distribution company in which Global holds an equity stake. Red Truck has launched its new corporate website at http://www.redtruckentertainment.com. About Red Truck Entertainment Red Truck Entertainment, through its subsidiaries, Lard Bucket Music, Miramonte Records, Red Truck Filmworks, and Americana Records, is engaged in the business of song and film publishing, recording and distribution. Red Truck is a vertically integrated company that wholly owns or partially owns subsidiaries that are engaged in the business of book and song publishing, music recording and film production. The company publishes and develops works by new and established writers, as well as music recording artists. Please visit http://www.redtruckentertainment.com for more information. About Global Developments Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams. Please visit http://www.globaldevelopmentsinc.com for more information. Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends,'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at http://www.globaldevelopmentsinc.com. Contact: Global Developments, Inc. Leighton Dean (604) 685-7552 ldean@globaldevelopmentsinc.com Source: GLOBAL DEVELOPMENTS, INC.


 

BILTHOVEN, the Netherlands, January 24, 2007 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) announced today that it expects Front-end sales reached a record level for 2006. The Company expects to report fourth quarter Front-end sales of ¤ 108 million and Front-end bookings of ¤ 113 million. ASMI also noted that based on current customer activity, the 2007 first-half outlook for Front-end orders is positive, and the Company reiterated its guidance that Front-end operations will be profitable for the year 2007. The increase in Front-end fourth quarter bookings reflects strong contributions from vertical furnaces, an ASMI's core product, and from the Company's developing atomic layer deposition (ALD and PEALD) products for both transistor and capacitor applications. "In line with our guidance, 2006 second-half Front-end sales were comparable to first-half and we confirm our 2006 Front-end EBITDA will be double-digit millions of Euros" commented Arthur del Prado, President and CEO of ASM International. ASMI's prior guidance indicated that for the full-year 2006, it expected the Front-end EBITDA, excluding one-time charges related to the discontinued operations of NuTool®, would be double digit. In December 2006, the Company announced it received net cash proceeds of approximately ¤ 11 million from the transfer of the NuTool IP to an undisclosed party. Consequently, the Company will have to disclose NuTool's operations as 'discontinued operations' in 2006. As such, ASMI will record net impairment losses amounting to ¤ 5 million and a non-cash charge for cumulative currency losses also amounting to ¤ 5 million. "Entering 2007, we feel comfortable with the prospects for business in the first-half year, and while visibility is limited for the second-half, we believe our leading-edge technologies will benefit ASMI as the industry will enter the 45nm era later in the year," concluded Mr. del Prado. ASMI will report audited 2006 financial statements on March 8, 2007. The delayed reporting date relates to the additional time required by the Company and its auditors to complete the documentation as mandated by Section 404 of the Sarbanes-Oxley Act of 2002 in the United States. About ASM 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: Naud van der Ven Erik Kamerbeek Mary Jo Dieckhaus Chief Financial Officer Investor Relations Investor Relations +31 (0)30-229-8540 +31 (0)30-229-8500 +1 212-986-2900 Naud.van.der.ven@asm.com erik.kamerbeek@asm.com maryjo.dieckhaus@asm.com


 
Hitt og þetta
24. janúar 2007

NEW CEO IN TELIO

Eirik Lunde named new Chief Executive Officer of Telio (Oslo 24. January 2007) Eirik Lunde (41) has today accepted the position as the new Chief Executive Officer of Telio Holding ASA. Lunde, who has broad industry experience and proven success in running IT and telecom companies, will assume the helm on April 1, 2007. Eirik Lunde will assume the role of Chief Executive Officer for Telio Holding ASA, a position he held previously with Ventelo. Lunde has further experience with Bluecom, Catch, and Dell where he was the country manager. "Lunde is the right man for Telio. He knows the industry, and we are confident that he will continue Telio's growth and success," says Erik Osmundsen, the chairman of Telio Holding ASA. "I am looking forward to starting my new position as CEO of Telio, a leading European fixed and mobile internet telephony provider. Telio is an exciting and innovative company which in a short period of time has created a unique position as market leader in Norway. I have noted that Telio has high customer satisfaction, an important asset, and I believe that Telio will continue to rapidly increase the number of subscribers, and implement exciting new services." Telio is the largest VoIP provider in Norway, and the revenues are growing quarter by quarter. By the end of the third quarter of 2006 the revenues showed a growth of 67% compared to the previous year. By the end of the third quarter Telio had approximately 115,000 subscribers. Telio Holding ASA will conduct a Capital Markets Day tomorrow, Thursday January 25 at 09.00am to 12.00am at Felix Konferansesenter. The financial results for the fourth quarter will be presented on February 9, 2007. "We are happy we have attracted a new Chief Executive Officer so quickly," says Osmundsen.


 

The ING Renault F1 Team officially launched the ING-branded R27 2007 F1 car to over 600 journalists from the international media in Amsterdam today. ING CEO Michel Tilmant, ING Renault F1 Team President Alain Dassas and Managing Director Flavio Briatore unveiled the car together with drivers, Giancarlo Fisichella and Heikki Kovalainen, as the ING Renault F1 Team begins its 2007 season challenge. Following ING's announcement of the three year sponsorship with the Renault F1 Team in November, the team is now referred to as the 'ING Renault F1 Team' with immediate effect. Through the title sponsorship, ING will further build its global brand awareness as one of the leading global financial institutions providing Banking, Insurance and Asset Management services to over 60 million customers in 50 countries across the world. With a global audience of over 850 million, across a broad demographic and with ING active in 15 of the 17 countries hosting Grands Prix, F1 offers a unrivalled opportunity to bolster ING's global brand. ING will also support the ING Renault F1 Team title sponsorship with a targeted advertising and marketing campaign. 2007 sees the debut of Heikki Kovalainen, widely regarded as one of the upcoming F1 talents, together with Giancarlo Fisichella, in his third year with the team. Giancarlo and Heikki will form a highly competitive team combining upcoming talent and proven race ability. They will be supported by test-drivers Nelson Piquet Jr and Ricardo Zonta. Michel Tilmant, Chairman of the Executive board of ING Group, said: "Our Formula 1 programme is a global sponsorship initiative which will help us to enhance the awareness of one unified ING brand worldwide." explained Mr Tilmant. "Formula 1 is currently the best platform for a global sponsorship programme, as it has the potential to reach a broad customer base. We chose Renault for its track record as a high-performing team. We are convinced that teaming up with the Renault F1 Team fosters our objectives of encouraging teamwork, instilling a performance culture and permanent progress. I am confident that the ING Renault F1 Team will remain highly competitive in the coming years. I wish the team a lot of success in the coming season". ING Renault F1 Team Managing Director Flavio Briatore said: "This is no year of transition for the ING Renault F1 Team. We have always said that the team is what matters, and that success comes from the team spirit that unites us. 2007 is a fantastic opportunity to prove exactly that. There are some big changes for this season, not just at Renault but throughout the grid. We believe in our choices, and we are confident that they will help us achieve more success in 2007. It will be a year of tough competition at every level. Those are the conditions that allow the best teams to shine. And that is exactly what we intend to do." Images To download hi-resolution rights-free images of the launch, please go here. -ends- +----------------------------------------------+ | Press enquiries: ING Group, | | Nanne Bos, +31 20 5416516, nanne.bos@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 50 countries. With a diverse workforce of over 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.


 

The Board of Directors of Orion Corporation has decided today, 24 January 2007, on a new share-based incentive plan for ca. 30 key persons in the Orion Group. The aim of the plan is to encourage them to sustained efforts to increase shareholder value and to strengthen their commitment to the development of the company's operations. The possible incentive is determined on the basis of the growth of Orion's operating profit in the years 2007 - 2009 and separately agreed personal performance objectives. The incentive is granted in the form of the company's B-shares or cash, or both. The number of shares included in the plan shall not exceed 350,000, corresponding to about 0.25% of the total share stock of Orion Corporation. The recipient may not transfer the bonus shares during the first two years after the date of receipt, except for certain special circumstances. Orion Corporation Jukka Viinanen Olli Huotari President and CEO Senior Vice President, Corporate Functions Contact person: Jukka Viinanen, President and CEO, phone +358 10 426 3710 Distribution: Helsinki Exchanges Media Publisher: Orion Corporation Orionintie 1A, 02200 Espoo Homepage: www.orion.fi


 

The Board of Directors of Orion Corporation has decided to change the management organisation of the Orion Diagnostica business division to enhance the role of the Board of Directors of Orion Diagnostica Oy in the management and decision-making of the diagnostics business. The arrangement means that Mr. Jaakko Rissanen, President of Orion Diagnostica Oy, will step out from the Executive Management Board of the Orion Group as of 1 February 2007, and that the diagnostics business is represented in the Executive Management Board by Jukka Viinanen, President and CEO of Orion Corporation and Chairman of the Board of Orion Diagnostica Oy. Orion Corporation Jukka Viinanen Olli Huotari President and CEO Senior Vice President, Corporate Functions Contact person: Jukka Viinanen, President and CEO, phone +358 10 426 3710 Distribution: Helsinki Exchanges Media Publisher: Orion Corporation Orionintie 1A, 02200 Espoo Homepage: www.orion.fi


 

Wärtsilä Corporation, Stock Exchange Announcement, 24.1.2007 at 3.30 pm The extra dividend of 1.50 euros per share approved by Wärtsilä's Extraordinary General Meeting on 24 November 2006 will reduce the subscription price of the 2001 and 2002 stock options as provided by the terms and conditions of these schemes, by the amount of the extra dividend, i.e. by 1.50 euros per share. Thus the subscription price of the Wärtsilä B share under the 2001 options is 14.60 euros and under the 2002 options 7.40 euros. www.wartsila.com


 

Please take note of Songa Offshore's interim financial reporting dates in 2007. 14.02.2007 4th Quarter Report, preliminary 2006 report. 11.05.2007 1st Quarter Report 2007 06.06.2007 Annual General Meeting 03.08.2007 2nd Quarter Report 2007 02.11.2007 3rd Quarter Report 2007 15.02.2008 4th Quarter Report 2007, preliminary 2007 report Oslo, 2007-01-24


 

ALLEN, TX -- (MARKET WIRE) -- January 24, 2007 -- Xtera Communications, the leading supplier of all-Raman optical transport solutions, announced today that Faroese Telecom has selected Xtera to supply and deploy the transmission equipment for the SHEFA-2 submarine cable system, providing connectivity between the Faroe Islands, Shetland, Orkney and Scotland. The network will include the world's longest high-capacity unrepeatered segment by transmitting up to 190 Gbit/s per fiber pair over 389 km without the use of submerged repeaters or remote optically pumped amplifiers (ROPA). Faroese Telecom, the incumbent telecom operator of the Faroe Islands, provides wireless, wireline and digital television services. Faroese Telecom is deploying the new unrepeatered cable network to support bandwidth-intensive applications for residential and commercial users. The cable will also be used along with existing submarine cables to insure highly reliable access to the rest of the world and international traffic. The high-capacity, ultra-long unrepeatered SHEFA-2 network will be deployed using Xtera's all-Raman technology which has been used by a number of worldwide service providers over the past year to provide significant capacity upgrades on existing unrepeatered submarine systems. This deployment, on a new cable route, will showcase the strength of the all-Raman technology to simultaneously maximize both the reach and capacity of an unrepeatered network. "Until very recently, repeaters would have been required to provide the planned capacity over this route, increasing both the initial and on-going operational costs of the system. Xtera's all-Raman technology significantly improves the economics of the project by eliminating the need for repeaters," said Kristian R. Davidsen, CEO, Faroese Telecom. "Xtera's continued focus on all-Raman technology and product development, even during the downturn of the optical market, has resulted in the superior performance that is now benefiting network expansions all around the world," said Herve Fevrier, SVP Business Development, Xtera Communications. Xtera's unrepeatered submarine product, Nu-Wave XLS, uses the latest technologies, including all-Raman amplification to achieve repeatered distances, in excess of 500 km, with an unrepeatered DWDM system. The system supports advanced IP and wavelength services (from GbE to STM-256/OC-768, including STM-16/OC-48, STM-64/OC-192 and 10GbE). About Faroese Telecom Faroese Telecom is the incumbent operator of the Faroe Islands. Faroese Telecom operates an extensive telecommunications network and offers a diverse range of fixed and mobile telecom services to both private and commercial customers. Faroese Telecom is part owner of the FARICE submarine cable that links Iceland, the Faroe Islands and Scotland. In addition, Faroese Telecom, via its wholly owned subsidiary, P/f Televarpið, deployed a digital terrestrial television system and now broadcasts a wide variety of TV channels to nearly all of the Faroe Islands. For more information, please visit www.ft.fo. About Xtera Communications Xtera Communications supplies innovative optical transport solutions enabling high-bandwidth service providers to offer profitable converged broadband services. Using patented all-Raman technologies, Xtera delivers the industry's only actual Wide Reach(TM) DWDM transport solution with the headroom to deliver abundant high-quality video, data and advanced voice services. Xtera's Wide Reach solution benefits regional, long haul, ultra-long haul and unrepeatered submarine applications. Recent news releases and further information are on Xtera Communications' Web site at: http://www.xtera.com/. Company Contacts: Xtera Communications Daryl Chaires Director of Marketing +1 972 649 5187 dchaires@xtera.com Faroese Telecom Magni Olsen +298 303 007 Mol@ft.fo SOURCE: Xtera Communications


 

Nordic Business Report-January 24, 2007-Hoegh Autoliners and Maersk Shipping Singapore sign cooperation agreement (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian shipping group Leif Hoegh & Co AS said on Wednesday (24 January) that its car carrier subsidiary Hoegh Autoliners has signed a cooperation agreement with Maersk Shipping Singapore, a subsidiary of Danish group AP Moller Maersk A/S. Under the agreement the Oslo-based Hoegh Autoliners will take over the commercial operation of Maersk Shipping Singapores fleet. The technical management and crewing of Maersk Shipping Singapores vessels will remain under AP Moller-Maersk. Hoegh Autoliners and Maersk Shipping Singapores combined fleet of car carriers totals some 67 vessels. Leif Hoegh & Co, headquartered in Oslo in Norway, is active within the Ro/Ro and LNG segments. The company is privately owned and incorporated in Bermuda. ((Comments on this story may be sent to tww.feedback@m2.com))


 

The owners of the FPSO Crystal Sea have decided to relocate the vessel from India in order to market the vessel for new floating production assignments. Crystal Sea commenced operations in India under a five-year contract with Discovery Enterprise in June 2006. However, subsequent to commencement, riser related problems occurred that halted the operations. The owners have worked together with the customer to solve these problems, however, it was concluded that operations would not be resumed within the time schedule outlined by the customer. As a result, the contract has been terminated and the vessel has left the port of Mumbai. Contact: Alf C Thorkildsen Chief Operating Officer/Chief Financial Officer Seadrill Management AS +47 51 30 99 19 January 24, 2007


 

Nordic Business Report-January 24, 2007-Incap Corporation signs cooperation agreement with Bevesys Finland Ltd (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish electronics manufacturer Incap Corporation said on Wednesday (24 January) that it has signed a cooperation agreement with Bevesys Finland Ltd, which supplies and maintains reverse vending systems for used beverage containers stationed in retail outlets. The cooperation agreement involves manufacturing of electronics and mechanics for these devices and component assembly to the final product. Component manufacturing and assembly will be done in Incaps Helsinki and Kuressaare factories. First deliveries will take place in early 2007. The agreement includes a clause to increase the order value in the future. Incap Corporation, headquartered in Oulu, Finland, is an electronics contract manufacturer whose service covers the entire product life cycle from design and manufacture to repair and maintenance services. The company reported revenue of EUR76.7m in 2005 and has some 550 employees. Incap 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-January 24, 2007-Proventia Group Oy sells shares in Winwind Oy (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish environmental technology company Proventia Group Oy said on Wednesday (24 January) that it had sold its shares in the Finnish wind-turbine manufacturer Winwind Oy to the Indian company Avis Ventures Ltd, part of Sterling Infotech Group (SIG). The sold shares represent about 14% of the ownership of Winwind, the company said. Head Invest Oy, Proventia Group Oys main owner, has also sold its 14.4% stake in Winwind Oy. The sales price was not disclosed. Avis invested EUR20m in Winwind Oy in August 2006 and after this share purchase it will become a majority owner of the Finnish company. Proventia said that the sale of the Winwind Oy shares will have a significant positive effect on the groups net result for 2006. Proventia Group Oy is headquartered in Helsinki, Finland. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Adrian Finans AS and Syneco AS, both controlled by Jon Chr Syvertsen, boardmember of Songa Offshore ASA have today converted 200,000 freely tradeable warrants into shares in Songa Offshore ASA and also today sold the 200,000 shares at a price of NOK 59.50 per share. After these sales, Jon Chr Syvertsen through Adrian Finans AS and Syneco AS holds a total of 2,212 shares and 165,000 warrants in Songa Offshore ASA. In addition Jon Chr. Syvertsen has been allocated 500,000 options at NOK 53.41 in his capacity as board member in Songa Offshore ASA. Oslo, 23 January, 2007


 

Ericsson (NASDAQ:ERIC) today announced the completion of the tender offer by its indirect wholly-owned subsidiary, Maxwell Acquisition Corporation, for all outstanding shares of Redback Networks Inc. (NASDAQ:RBAK) at a price of USD 25.00 per share in cash. The tender offer expired at midnight, eastern US time, on Tuesday, January 23, 2007. The depositary for the tender offer has advised Ericsson that, as of the expiration of the tender offer, approximately 71,449,547 shares (including 6,947,508 shares that were tendered pursuant to guaranteed delivery procedures) were validly tendered and not withdrawn in the tender offer, representing in excess of 90 percent of Redback's issued and outstanding shares. All validly tendered shares have been accepted for payment in accordance with the terms of the tender offer. Ericsson intends to complete the acquisition of Redback through a short-form merger as soon as practicable. If necessary, Ericsson intends to exercise its option under the merger agreement to purchase newly issued Redback shares in order to ensure ownership of at least 90 percent of the outstanding Redback shares to complete the short-form merger. In the short-form merger, all outstanding Redback shares not purchased in the tender offer will be converted into the right to receive USD 25.00 per share in cash. NOTES TO EDITORS: Link to previous press releases related to Redback acquisition www.ericsson.com/ericsson/press/releases/20061220-1094314.shtml www.ericsson.com/ericsson/press/releases/20061227-1095346.shtml 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 Ericsson Media Relations Phone: +46 8 719 6992 E-mail: press.relations@ericsson.com Ericsson Investor Relations Phone: +46 8 719 0858 E-mail: investor.relations.se@ericsson.com Investor Relations, North America Phone: +1 212 843 8435 E-mail: investor.relations@ericsson.com Redback Networks Media Doug Wills Phone: +1 408 750 5038 E-mail: dwills@redback.com Investor Relations Phone: +1 408 750 5505 E-mail: investor_relations@redback.com About Redback Redback Networks Inc. manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. Redback's multi-service routing platform delivers next-generation broadband services such as VoIP, IPTV and video-on-demand. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, California, the US. In 2006, Redback marks its 10-year anniversary, celebrating 10 years of broadband innovation. For more information, visit Redback Networks at www.redback.com. Forward-looking statements Any statements made regarding the proposed transaction between Ericsson and Redback, the expected timetable for completing the transaction, successful integration of the business, benefits of the transaction, earnings and any other statements contained in this news release that are not purely historical fact are forward-looking statements, which involve a number of risks and uncertainties. These statements are based on Ericsson's and Redback's current expectations and beliefs. Actual results could differ materially from the results implied by these statements. Factors that may cause or contribute to such differences include: the risk that the conditions to the offer or the merger set forth in the merger agreement will not be satisfied, changes in both companies' businesses during the period between now and the closing, developments in obtaining regulatory approvals for the transaction; the successful integration of Redback into Ericsson's business subsequent to the closing of the acquisition; timely development, competitive products and pricing, as well as fluctuations in demand; cost and availability of raw materials; the ability to retain key management and technical personnel of Redback; and adverse reactions to the proposed transaction by customers, suppliers and strategic partners. Redback and Ericsson are under no obligation to (and expressly disclaim any such obligation to) update or alter their forward-looking statements whether as a result of new information, future events or otherwise. This announcement is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer is being made pursuant to a Tender Offer Statement on Schedule TO (including the Offer to Purchase, the related Letter of Transmittal and other tender offer materials) filed by Ericsson and Maxwell Acquisition with the SEC on December 22, 2006, as amended. In addition, Redback filed a Solicitation/Recommendation Statement on Schedule 14D-9 on December 22, 2006, as amended, with the SEC related to the tender offer. The Tender Offer Statement (and related materials) and the Solicitation/Recommendation Statement contain important information that should be read carefully before any decision is made with respect to the tender offer. Those materials may be obtained at no charge upon request to MacKenzie Partners, Inc., the information agent for the tender offer, at 105 Madison Avenue, New York, New York 10016, or by calling toll free (from USA) at (800) 322-2885. In addition, all of those materials (and all other offer documents filed with the SEC) are available at no charge on the SEC's website at www.sec.gov.


 

Metso Minerals will supply bulk materials handling equipment to Alcoa for its Juruti Mine in Pará state, northern Brazil. The delivery will be completed by the end of 2007. The value of the order is approximately EUR 35 million. The order was included in the fourth quarter order backlog in 2006. The order comprises one ship loader, three stackers, one reclaimer, two apron feeders, five vibrating screens, one railcar dumper and conveying systems. The order also includes technical erection assistance and a technical supervision of operations for 2 years after the start up of the plant. Metso's solution is for a new bauxite processing plant. The Juruti Mine will supply bauxite to the Alumar Refinery. Once completed, the processing plant will bring a major competitive advantage to Alcoa. Alcoa is the world's leader in aluminum smelting capacity, and the world's second largest producer of aluminum. The company has 129,000 employees in 43 countries. In Brazil, Alcoa has eight production facilities. Metso is a global engineering and technology corporation with 2005 net sales of approximately EUR 4.2 billion. Its 25,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com For further information about the order, please contact: Eduardo Kubric, General Sales Manager, Mineral Processing, South America, tel. +55 15 2102 1636 Further information for investors, please contact: Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253


 

Nordic Business Report-January 24, 2007-Goodtech ASA wins EUR3.16m order in China (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian technology and engineering group Goodtech ASA said on Wednesday (24 January) that its subsidiary Bjorklunds-Gruppen AS is about to sign a EUR3.16m supply contract with a TV studio in Lingbao in China. The final contract will be signed on 10 February and deliveries are scheduled to begin in May/June. Goodtech, headquartered in Oslo in Norway, supplies automation and IT projects to the manufacturing industry and has over 170 employees. Goodtech is listed on the Oslo Stock Exchange and traded under the ticker GOD. 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-January 24, 2007-Ericsson completes tender offer for Redback Networks Inc (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish telecomms solutions provider Ericsson (Nasdaq: ERIC) said on Wednesday (24 January) that it has completed the tender offer by its indirect wholly-owned subsidiary, Maxwell Acquisition Corporation, for all outstanding shares of Redback Networks Inc (Nasdaq: RBAK) at a price of USD25.00 per share in cash. The depositary for the tender offer has advised Ericsson that approximately 71,449,547 shares were validly tendered and not withdrawn in the tender offer, representing in excess of 90% of Redbacks issued and outstanding shares. All validly tendered shares have been accepted for payment in accordance with the terms of the tender offer. Ericsson said that it intends to complete the acquisition of Redback through a short-form merger as soon as practicable. If necessary, Ericsson intends to exercise its option under the merger agreement to purchase newly issued Redback shares in order to ensure ownership of at least 90% of the outstanding Redback shares to complete the short-form merger. The aggregate acquisition price was previously valued at approximately USD1.9bn. Redback Networks Inc manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. The company has more than 500 carrier customers worldwide. 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. One British pound (GBP) is worth approximately 1.97 US dollars (USD). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 24, 2007-Metso Minerals to supply bulk materials handling equipment for new plant in Brazil (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish engineering and technology group Metso Corporation (NYSE: MX) said on Wednesday (24 January) that its subsidiary Metso Minerals will supply bulk materials handling equipment to Alcoa for its Juruti Mine in Para state, Brazil. The order comprises one ship loader, three stackers, one reclaimer, two apron feeders, five vibrating screens, one railcar dumper and conveying systems. The order also includes technical erection assistance and a technical supervision of operations for two years after the start-up of the new bauxite processing plant. The delivery will be completed by the end of 2007. The value of the order is approximately EUR35m. 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 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))


 

AMERICAN MARKETS OUTLOOK: U.S. stock markets are expected to open higher Wednesday ahead of a string of financial results that could give equities some momentum. Abbott Laboratories, ConocoPhillips, General Dynamics and McDonalds are among companies set to report results. Better-than-expected fourth-quarter results from Yahoo, released late Tuesday, could also boost the Nasdaq index. "Earnings news continues to dominate," says Geoff Langham at CMC Markets. CMC Markets is calling the Dow Jones Industrial Average to open up 13 points at 12,546, the Nasdaq 100 up eight points at 1782 and the S&P 500 up 1.6 point at 1429.6. Data set for release include crude oil stocks. EUROPEAN MARKETS: European shares are mostly higher. In London, the FTSE 100 is up 1% at 6291.30, boosted by oil companies BP and Royal Dutch Shell and mining firms such as Kazakhmys. In Frankfurt, the DAX is up 0.5% at 6712.21, supported by positive performances on Wall Street and in Asia overnight. MAN shares are up as investors show their approval of the companys decision to withdraw its bid for Scania, while DaimlerChrysler is higher after a Merrill Lynch target price increase. In Paris, the CAC is up 0.6% at 5610.47 The March bund future has fallen in reaction to slightly disappointing results from the EUR6.0 billion 30-year bund auction. March gilts are higher, supported by minutes from the latest Bank of England Monetary Policy Committee meeting, which showed the decision to hike interest rates by a quarter of a percentage point was passed on a 5/4 split vote. The March bund future is down 0.04 at 115.53, while the March gilt is up 0.11 at 106.92. The dollar is higher against most major currencies, but it is failing to make headway against the yen after carry trades were reversed in the wake of a sharp fall in the Australian dollar. The dollar is down at Y121.54, the euro is down at $1.3007 and the pound is also down, at $1.9745. =========================== TOP STORIES: UK 4Q GROWTH ABOVE POTENTIAL ON STRONG SERVICES: The U.K. economy grew above its potential rate in the fourth quarter of 2006, on a widespread strong performance in the countrys dominant services sector. (Data Snap by Andrew Peaple) BOE VOTED 5-4 FOR RATE RISE: The Bank of Englands Monetary Policy Committee voted 5-4 to raise its key bank rate to 5.25% in January, according to minutes of its most recent meeting. (By Natasha Brereton and Paul Hannon) EADS EUROCOPTER 2006 REVENUE UP 18% TO EUR3.8B: Eurocopter, the helicopter-maker subsidiary of European Aeronautics Defense and Space NV (5730.FR) said its revenue for 2006 rose 18% to EUR3.8 billion. (By David Pearson) SAP SEES 2007 SOFTWARE, MAINTENANCE SALES UP 12%-14%: SAP AG (SAP) predicted further software and maintenance sales growth in 2007 but also warned that its profitability will drop as it is stepping up investments for a push into the mid-market. (By Joon Knapen) STMICRO 4Q NET RISES 51%, WARNS ON 1Q: STMicroelectronics NV (STM), one of Europes largest chip-makers, reported a 51% rise in fourth-quarter earnings, but it set a gloomy tone for the first quarter of 2007. (By Geraldine Amiel) ============================ INSIGHT & ANALYSIS FROM DOW JONES NEWSWIRES: =FOREX FOCUS: Risks associated with sterlings rally this year appear to be fading fast, making a test of $2.00 that much more likely. (By Nicholas Hastings) =CHARTING EUROPE: AUD/USD probably ended the B wave of an A,B,C correction from the January $0.7980 high Tuesday, and is now in the C Wave down, and should fall below the January $0.7762 low in the weeks to come. (By Axel Rudolph) =========================== STILL TO COME ET/GMT COUNTRY/PERIOD 0700/1200 US Jan 19 MBA Refinancing Index 1030/1530 US Jan 19 US Energy Dept Crude Oil Stocks 1030/1530 US Jan 19 US Energy Dept Distillate Stocks 1030/1530 US Jan 19 US Energy Dept Gasoline Stocks 1850/2350 JPN Dec Provisional Trade Statistics =========================== OTHER NEWS: Spains Endesa SA (ELE) raised its profit and operating estimates for 2006 in a final attempt by management to elicit higher bids from E.ON AG (EON) and Gas Natural SDG SA (GAS.MC), just days before final offers for the company are due. (By Santiago Perez and Christopher Bjork) Swiss drugmaker Novartis AG (NVS) said that its eye drug Lucentis received marketing approval in the European Union for the treatment of wet age-related macular degeneration, a leading cause of blindness in elderly people. (By Anita Greil) Swiss drugmaker Roche Holding AGs (RHHBY) experimental rheumatoid arthritis drug Actemra has cleared an important hurdle on the way to attaining regulatory approval next year after a late stage study found that the drug worked safely. (By Anita Greil) Northern Rock PLC (NRK.LN) reported a 19% rise in full-year 2006 underlying attributable profit and said economic conditions remain positive for the U.K. mortgage-lending market in the current year. (By Henry Teitelbaum) Chemicals and pharmaceutical ingredients maker Lonza Group AG (LONN.VX) reported an 18% rise in full-year net profit for 2006, driven by growth in the custom manufacturing of biopharmaceuticals. (By Dermot Doherty) Home-shopping retailer N Brown Group PLC (BWNG.LN) posted a 14.2% rise in group sales in the latest 21 weeks, said its confident of at least meeting its full-year expectations, and announced plans to return GBP80 million to shareholders. (By Anita Likus) U.K. pub operator J.D. Wetherspoon PLC (JDW.LN) posted a 5.5% increase in comparable sales for the Christmas and New Year period - with continued sales growth at its smoke-free Scottish pubs - but warned that sales growth in January had slowed. (By Michael Carolan) MAN AG (MAN.XE) confirmed that it is abandoning its hostile EUR10.3 billion takeover offer for Scania AB (SCA-A.SK), but said it wants further talks with its Swedish rival aimed at achieving a friendly deal. (By Steve McGrath and Matthias Krust)


 

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 | Premier Foods Plc | |-----------------------------------+-------------------------------| | Class of relevant security to | Ordinary shares | | which the dealings being | | | disclosed relate (Note 2) | | |-----------------------------------+-------------------------------| | Date of dealing | 23/01/2007 | +-------------------------------------------------------------------+ 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 |13,368,998 (2.70%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |13,368,998 (2.70%) | | | | | | +-------------------------------------------------------------------------------------------+ (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 | 40,000 | 3.18P | | | | | +----------------------------------------------------------------+ (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 | 24/01/2007 | |---------------------------------------------------+---------------| | Contact name | Dan Curtis | |---------------------------------------------------+---------------| | Telephone number | 0207 003 2811 | |---------------------------------------------------+---------------| | 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-January 24, 2007-Swedish employment up and unemployment down in December 2006 (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Statistics Sweden, the Swedish state statistics agency, said on Wednesday (24 January) that the number of people employed increased by 81,000 to 4,345,000 in December 2006, as compared to December 2005. The number of unemployed amounted to 211,000, or 4.6% of the labour force, in December 2006. Unemployment decreased by 0.8 percentage points from December 2005, the agency said. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Head N.V. (NYSE: HED; VSX: HEAD) Kitzbühel, January 2007: It is thanks to its innovative, top class products and, more significantly, the excellent performance of the HEAD Racing Team that HEAD expects to remain on course for a record year in 2006 - in spite of the mild winter. "Although sales of sporting equipment are suffering - and in some instances significantly - due to the lack of snow, the quality of our products and our customers' loyalty is our greatest strength in this difficult environment and has enabled us to drive growth forward," enthuses HEAD NV CEO Johan Eliasch. While further declines are forecast for the ski market as a whole, HEAD has posted increases in all its product groups. In 2006 HEAD sold a total of 601,000 pairs of alpine skis (up 5% on 2005), 4% more ski bindings (1,566,000 sets) and 650,000 pairs of ski boots, 11.5% more than in the previous year. Sales for the snowboard group were particularly impressive, with increases of 9% for boards and a healthy 11% for boots. The market for protection products also continued to grow apace. Helmet sales were up 38% worldwide compared with 2005. Market position as full range supplier significantly expanded Sales growth in 2006 was particularly encouraging in Eastern Europe, German-speaking countries and the USA. "We have established a ski-and-boots package, based on our top-of-the range Supershape ski; with the addition of branded HEAD ski bindings, the set is now complete. Since January, our updated brand image has given us greater impact and fresh impetus with retailers, and we expect the upwards trend to continue," says Klaus Hotter, Executive Vice President HEAD Ski Division, full of optimism for the coming months. A definitive assessment of HEAD's performance in 2006 will not be possible until the publication of the annual financial statements at the end of February. Increased demand for winning skis worn by Bode Miller & team A considerable proportion of the growth of HEAD's Winter Sport sales has been driven by the notable successes of the HEAD Racing Team and its stars Bode Miller, Didier Cuche, Marco Büchel, Hans Grugger, Maria Riesch and Sarka Zahrobska. Our objective over the next months is to establish HEAD as a single source provider for top sports professionals. Bode Miller, Didier Cuche and Sarka Zahrobska are already competing with HEAD skis, bindings, and now, the new ski boots: their World Cup successes in recent weeks have been achieved with this equipment. The other athletes will be moving over to this equipment as soon as possible. HEAD racers out in front in the speed disciplines HEAD's repositioning is its clearest commitment yet to top-level sport. This has absolute priority, as it drives innovation and showcases the company's products. Under the leadership of Rainer Salzgeber, the all-new and considerably expanded HEAD Racing Team has been helped to a sensational start to the season, with first class support for each individual athlete. Both the downhill and Super-G World Cup series are led by HEAD athletes. The HEAD team demonstrated its clear dominance in the classic Lauberhorn downhill race when it took 1st, 2nd, 4th and 5th places. Racing Director Rainer Salzgeber has identified further potential in the technical disciplines: "I am particularly hoping for medals in the giant slalom and slalom at the world championship in Are. Our racers, and Bode Miller above all, have what it takes to claim podium places. And intensive racing tests carried out by Christian Greber and his team has helped ensure that our equipment is ready for victory." About HEAD Head NV is a leading global manufacturer and marketer of premium sports equipment. Its shares are listed on the New York Stock Exchange ("HED") and the Vienna Stock Exchange ("HEAD"). The business is organized into four divisions: Winter Sports, Racquet Sports, Diving and Licensing. The Company's products are sold under the following brands: Head (tennis equipment, squash and racketball racquets, badminton equipment, alpine skis, boots and bindings, snowboards, boots and bindings), Penn (tennis and racketball balls), Tyrolia (ski bindings), and Mares/Dacor (diving equipment). HEAD NV is a market leader in all these product markets. Its products are officially endorsed by some of the world's top athletes, including André Agassi, Gustavo Kuerten, Marat Safin, Ivan Ljubicic, Svetlana Kuznetsova, Patty Schnyder, Anastasia Myskina, Bode Miller, Johann Grugger, Marco Büchel and Maria Riesch. Analysts, investors, media and others seeking financial and general information, please contact: Vicki Booth, Investor Relations Tel: +44 207 499 7800 Fax: +44 207 491 7725 E-mail: headinvestors@aol.com Ralf Bernhart, Chief Financial Officer Tel: +43 1 70 179 354 Fax +43 1 707 8940


 

Martinsried/Munich (Germany), Waltham, Mass. and Princeton, N.J., January 24, 2007 - GPC Biotech AG (Frankfurt Stock Exchange: GPC; TecDAX index; NASDAQ: GPCB) has raised gross proceeds of Euro 33.6 million (approximately $43.7 million) in a private placement with institutional investors. GPC Biotech sold 1,564,587 shares at a price of Euro 21.50/share and will receive the proceeds (less commissions and costs) upon registration of the corresponding capital increase. The share price and the number of shares were determined by an accelerated bookbuilding procedure with an underwriter. With the issuance of these new shares, GPC Biotech's total registered share capital will increase from Euro 33,103,337 to Euro 34,667,927. The newly issued shares, which will be taken from authorized capital, will represent 4.51% of GPC Biotech's total shares outstanding after the transaction. The listing of the new shares on the Frankfurt Stock Exchange (Prime Standard) is expected to take place in August 2007. To ensure a proper allocation and delivery of the placed shares to investors, large shareholders of GPC Biotech have transferred to the underwriter existing shares of the Company in the form of a securities loan. The underwriter will make use of such shares only to perform the placement to institutional investors. GPC Biotech intends to use the net proceeds of this private placement to continue to accelerate the building of its commercialization infrastructure in the U.S., as well as to further expand the development of satraplatin in additional cancer settings. END OF AD HOC ANNOUNCEMENT The shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or any state securities laws in the U.S., and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This announcement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares in any state in the U.S. in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. This announcement contains forward-looking statements, which express the current beliefs and expectations of the management of GPC Biotech AG, including summary statements relating to the development and commercialization of satraplatin. Such statements are based on current expectations and are subject to risks and uncertainties, many of which are beyond our control, that could cause future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially depending on a number of factors, and we caution investors not to place undue reliance on the forward-looking statements contained in this announcement. In particular, there can be no guarantee that non final results from clinical trials will be confirmed. Furthermore, even if these results are confirmed, we cannot guarantee that satraplatin will be approved for marketing in a timely manner, if at all, by regulatory authorities nor that, if marketed, satraplatin will be a successful commercial product. We direct you to GPC Biotech's Annual Report on Form 20-F for the fiscal year ended December 31, 2005 and other reports filed with the U.S. Securities and Exchange Commission for additional details on the important factors that may affect the future results, performance and achievements of GPC Biotech. Forward-looking statements speak only as of the date on which they are made and GPC Biotech does not undertake any obligation to update these forward-looking statements, even if new information becomes available in the future. GPC Biotech AG Martin Braendle Director, Investor Relations & Corporate Communications Phone: +49 (0)89 8565-2693 ir@gpc-biotech.com In the U.S.: Laurie Doyle Director, Investor Relations & Corporate Communications Phone: +1 781 890 9007 X267 usinvestors@gpc-biotech.com


 

Nordic Business Report-January 24, 2007-PA Resources AB confirms oil in Didon-6 pilot well offshore Tunisia (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish oil and gas company PA Resources AB announced on Wednesday (24 January) that it has confirmed oil in pilot well Didon-6 in the eastern part of the Didon field offshore Tunisia. Didon-6 is the pilot hole of the second production well of the Didon Phase II development programme. When completed the well is expected to have a daily production capacity of 10,000 barrels of oil. PA Resources, headquartered in Stockholm, Sweden, is active in Tunisia, Norway, Equatorial Guinea and Congo-Brazzaville, and reported sales of SEK281m in 2005. PA Resources is listed on the Oslo Stock Exchange under the ticker PAR, as well as on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 24, 2007-Veidekke Construction AB wins bridge contract in western Sweden (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish contractor Veidekke Construction AB (Vecon), part of Norwegian construction group Veidekke ASA, said on Wednesday (24 January) that it has won a SEK17.9m bridge contract from Swedish road administration Vagverket. The contract covers the building of three bridges on road 617 in the municipality of Kungalv in western Sweden. Vecon will demolish three existing bridges and replace them with new. The project is scheduled for completion in May 2008. Veidekke is headquartered 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 and traded under the ticker VEI. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

RAUTAKESKO LTD PRESS RELEASE 24.01.2007 AT 12.00 The Latvia Building Material Traders' Association has chosen K-rauta Ulmana in Riga as the best building materials retail company in Latvia in 2006. K-rauta Liepaja was rated third in the contest. Evaluation criteria were customer service, the quality and assortment of goods, store layout and compliance of trade laws. Evaluation was done by an expert committee that visited all contest stores. "This award is especially pleasing for us because almost all our main competitors took part in the contest. This is not the first award of K-rauta in Latvia: K-rauta has received acknowledgements of Riga City Council, the Latvian Trade Association, and the Latvia Building Materials Traders' Association. We are always proud that an independent institution appreciates the work we have done and the accomplishments we have achieved," says Guntis Sokolovskis, the Managing Director of AS Rautakesko. Participants of the contest were the members of the Latvia Building Materials Traders' Association. The association has a total of 41 members. The contest was organised in two categories, one for retail and one for wholesale companies. In Latvia, Rautakesko operates five K-rauta stores of its own and two K-rauta partner stores. Three stores are located in Riga and the other ones in Cesis, Jelgava, Kuldiga and Liepaja. Rautakesko has also a wholesale network covering the whole country. Further information: Guntis Sokolovskis, Managing Director, AS Rautakesko, tel. +37 1 781 0090 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. 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.


 

TietoEnator Corporation Stock Exchange Announcement 24 January 2007 At 12.00 Am EET TietoEnator Corporation will publish its full year review 1 Jan - 31 Dec 2006 at 8.00 am EET (7.00 am CET am, 6.00 am UK time) on Tuesday 6 February 2007. Press conference for analysts and media will be held in Helsinki, Radisson SAS Royal Hotel, cabinet Finland, Runeberginkatu 2, at 9.00 am CET, (10.00 am EET, 8.00 am UK time). The conference will be hosted in English by President and CEO Pentti Heikkinen, Deputy CEO Åke Plyhm, CFO Timo Salmela, SVP Communications and Investor Relations Päivi Lindqvist and Investor Relations Manager Paula Liimatta. Notification of attendance to Marja Kortesalo, marja.kortesalo@tietoenator.com, tel. +358 9-862 63122. The conference will be webcast and published live on the Internet at TietoEnator's website www.tietoenator.com/presentations and there will be a possibility to present questions on-line. An on-demand video will be available after the conference. Conference call starting at 3.00 pm CET, (4.00 pm EET, 2.00 pm UK time) will also be available as live audio webcast on www.tietoenator.com/presentations. The call will be hosted by Timo Salmela and Päivi Lindqvist. Callers may access the conference directly at the following telephone numbers: US callers: +1 617 213 8836, non-US callers: +44 20 7365 8426, code 'TietoEnator'. Lines to be reserved ten minutes before start of conference call. A replay will be available until 13 February 2007 in the following numbers: US callers: +1 617 801 6888, non-US callers: +44 20 7365 8427, access code: 5810 2149. An on-demand audiocast of the conference will also be published at TietoEnator's website later during the same day. TietoEnator publishes financial information in English, Finnish and Swedish. All releases are posted in full on TietoEnator's website www.tietoenator.com as soon as they are published. For further information, please contact: Marja Kortesalo, Assistant Manager, Communications and Investor Relations, TietoEnator, tel. +358 9 862 63122, +358 40 527 4090, marja.kortesalo@tietoenator.com. TIETOENATOR CORPORATION DISTRIBUTION Helsinki Stock Exchange Stockholmsbörsen Principal Media


 

Vinghøg AS, a subsidiary of Simrad Optronics ASA, has received a new order from the Kongsberg Group to supply modules for Kongsberg's Protector Remote Weapon Station. The contract value is approximately NOK 11 million and Vinghøg will deliver the equipment in April 2007. For further information please contact: Kristian Haneberg, CFO; Simrad Optronics ASA (+47) 90 59 99 16. E-mail: kh@simrad-optronics.no Jon Asbjørn Bø, CFO; Vinghøg AS (+47) 93 08 69 32. E-mail: jonas@vinghog.com www.vinghog.no


 

Nordic Business Report-January 24, 2007-Austevoll Seafood ASA completes acquisition of Omega-3 oils producer Epax AS (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian seafood company Austevoll Seafood ASA said on Wednesday (24 January) that it has completed the previously announced acquisition of high-concentrate Omega-3 oils producer Epax AS. The NOK575m transaction was based on a letter of intent signed with Ferd Private Equity Fund in December 2006. Epax is expected to achieve a turnover of NOK230-235m in 2006. "The acquisition represents a strategically important decision for Austevoll Seafood ASA using their resources to create added value within the fish oil segment. The company strongly believes that Epax AS will continue its positive development and remain a leading producer of high-concentrate Omega-3 oils," Austevoll Seafood said in an announcement. Austevoll Seafood, headquartered in Storebo in Norway, is a globally integrated seafood company with operations in Chile, Norway and Peru. The company has a fleet of 41 fishing vessels and owns 20 processing plants. Austevoll Seafood is listed on the Oslo Stock Exchange and traded under the ticker AUSS. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 24, 2007-Blom ASA to demerger geographic information and offshore technologies divisions (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian geographic information and offshore technologies group Blom ASA announced on Wednesday (24 January) that its board of directors has made a "decision in principle" to de-merger the geographic information and offshore technologies divisions. "As a result of different market focus and limited synergies between the two business units, it is the opinion of the board that a demerger will increase the number of opportunities for further development of the companys two business units," Blom said in announcement to the Oslo Stock Exchange. Blom said that it expects to complete the de-merger in the second quarter of 2007. Blom, headquartered in Oslo, Norway, comprises the divisions Geographic Information and Offshore Technologies. The company has over 1,000 employees in 11 countries. Blom is listed on the Oslo Stock Exchange and traded under the ticker BLO. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 24, 2007-Simrad Optronics ASA wins NOK11m modules order from Kongsberg Gruppen ASA (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian technology group Simrad Optronics ASA said on Wednesday (24 January) that its subsidiary Vinghog AS has received a new contract from high-tech group Kongsberg Gruppen ASA. The contract, valued at NOK11m, covers the supply of modules for Kongsberg Defence & Aerospaces remote weapon station Protector. The equipment is to be delivered in April. Vinghog, an electro-optical engineering company based in Notteroy, south of Oslo, was acquired by Simrad Optronics earlier this month. Simrad Optronics is headquartered in Oslo, Norway. The company is listed on the Oslo Stock Exchange and traded under the ticker SIT. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 24, 2007-Swedish oil refining company Preem Petroleum AB invests SEK6bn in upgrading refinery (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish oil refining company Preem Petroleum AB said on Wednesday (24 January) that it plans to spend SEK6bn to upgrade its refinery in Lysekil, Sweden. The upgrading of the Preemraff Lysekil refinery includes the building of a coker plant for refining heavy heating oil to lighter components for producing diesel. The investment also includes the start-up of renewable and bio-fuel production. The investment is expected to create 75 new jobs in Lysekil. Preem Petroleum, headquartered in Stockholm, is Swedens largest oil company and accounts for a third of the Nordic regions refinery capacity. The company has 1,500 employees and reported invoices sales of SEK53.4bn in 2005. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to tww.feedback@m2.com))


 

(IFN) The supervisory board of Polish telephone operator Netia SA has named Miroslaw Godlewski as its new chief executive, the company said in a disclosure statement on Tuesday. Godlewski will replace Netias acting CEO Pawel Karlowski on Feb. 15. Karolowski will stay on as a member of Netias management board and chief operating officer.Netia has been seeking a new CEO since Wojciech Madalski resigned on Sept. 13.Godlewski, 40, has been president of listed ceramic tiles manufacturer Opoczno SA (OPO.WA) since January 2006. Between 1983 and 2003, he served in a variety of senior management posts with PepsiCos Polish distributor PepsiCo Trading, including general direcctor and sales director.Netia is trying to branch out from its core fixed-line business. It expected to post a net loss in 2006 due to startup costs of its minority-owned third-generation mobile operator P4.P4, scheduled to launch in March, is a joint venture of Netia and Icelandic private equity fund Novator and holds Polands fourth license for the universal mobile telecommunications system, or UMTS.Tuesday, Netia shares closed at 4.80 zlotys ($1=PLN2.97) per share on the Warsaw Stock Exchange, unchanged on the day.


 

Nordic Business Report-January 24, 2007-Icelands Glitnir Bank issues EUR500m of bonds (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Icelandic bank Glitnir Banki hf (Glitnir Bank) said on Tuesday (23 January) that it has issued EUR500m of 4.375% bonds due in 2010. This is the first public issue from Glitnir denominated in euros, either in fixed or floating format, since June 2005, the company said. The issue was managed by ABN Amro and Deutsche Bank. "This new euro fixed transaction is an important step in re-acquainting the buyers of euro paper with both our credit, and developments in the Icelandic economy over the past year," said Tomas Kristjansson, CFO of Glitnir. Glitnir Banki is headquartered in Reykjavik, Iceland, and also has a branch in London in the United Kingdom and in Copenhagen, Denmark. Glitnir is listed on the Icelandic Stock Exchange and has a market capitalisation of some EUR3.0bn. 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-January 24, 2007-Kyro Corporation subsidiary joins two joint ventures in China (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish safety glass technology and energy group Kyro Corporation said on Wednesday (24 January) that its Glaston Technologies business area is strengthening its production of glass pre-processing tools in China. Glaston company Bavelloni has signed an agreement for 70% ownerships in two joint ventures for tool manufacture. The other party in the joint ventures now being founded is the Chinese tool manufacturer NST. Another of Bavelloni and NSTs joint ventures, Bavelloni Tools (Tianjin), completes the semiproducts produced in Italy into tools sold under the DiaPol brand. Their remaining venture, Sanhe AAA Tools, continues to manufacture NSTs tools. Kyro said that entering into a joint venture with a matching partner and developing the sales organisation and network in China will accelerate the gaining of a good market position. No financial details of the joint ventures were disclosed. Kyro Corporation is headquartered in Tampere, Finland. Its main business area, the Glass Machinery Group of Glaston Technologies, is the global market leader in glass processing machines. Kyro Corporation is listed on the Nordic Exchange in Helsinki. ((Comments on this story may be sent to tww.feedback@m2.com))


 

Nordic Business Report-January 24, 2007-OMX AB to develop new data feed system for Singapore Exchange Limited (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Nordic stock exchange operator OMX AB said on Wednesday (24 January) that it has signed an agreement with Singapore Exchange Limited (SGX) to develop a new data feed system that will further enhance SGXs data dissemination services to market participants. The new data feed system is designed to enrich and package price data from multiple sources. With this system SGX can enable brokers and data vendors to provide comprehensive data to their customers. OMX will base the new solution on a market data