London, England - October 31, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Børs: SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 69,600 of SNSA Common Shares on the Oslo Børs at an average price of NOK 188.00 per share (approximately $28.77 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.
* First US approval for a German biotech company * MediGene's second drug approved * US Market launch by partner Bradley Pharmaceuticals, Inc. scheduled for the second half of 2007 * USD 14 MM milestone payment due from Bradley Pharmaceuticals
Kitron and Radio Components have renewed their industrialisation and production agreement entered into in 2004. The agreement is expected to result in orders for products and services from Kitron estimated to be worth about NOK 60 million in 2007, and further growth is expected.
Metso Corporation has been informed about a change in the holding of the mutual funds managed by J.P. Morgan Chase & Co. of the paid up share capital of Metso Corporation. On October 30, 2006, J.P. Morgan Chase & Co 's holdings amounted to 4.99 percent of the paid up share capital of Metso Corporation after being, on the basis of their previous announcement, 5.03 percent on July 31, 2006. The threshold of five percent was crossed on October 30, 2006 when J.P. Morgan Asset Management (UK) Limited sold 147,500 Metso shares. According to their announcement, holdings by mutual funds of J.P. Morgan Chase & Co. on October 30, 2006 were as follows:
Leiden, The Netherlands, October 31, 2006 - Dutch biotechnology company Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) today announced that it will release its financial results for the third quarter of 2006 on Tuesday, November 14, 2006 at 08:00 Central European Time (CET) (02:00 US Eastern Daylight Time).
* Sales up 15.2 percent to 7.943 billion euro * 31.2 percent improvement in operating profit to 778 million euro * Earnings after tax rise 35.4 percent to 451 million euro * Outlook for 2006 confirmed: further improvements in sales and earnings anticipated
(Fornebu, Norway 31 October 2006): Internet usage is becoming increasingly advanced, and since June last year we have seen almost a doubling of broadband traffic from Telenor's customers. In response to this, Telenor is once again increasing the speed of its most popular broadband subscriptions in the consumer market.
Nordic Business Report-October 31, 2006-Finnish and Swedish competition authorities approve sale of Fortum Corporation's industrial maintenance services business(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
(Oslo, 31 October 2006) Spring Consulting and SAP have agreed to establish a unique Nordic collaboration that will give customers access to new solutions and pave the way for a significant reduction in lifetime cost for SAP systems. "We can achieve sizeable reductions in lifetime cost by optimising the entire value chain", comments Johnny Rindahl, Head of the Nordic region at Spring Consulting.
October 31, 2006: TRONDHEIM, NORWAY - Petrojarl will release its third quarter results for 2006 on Tuesday November 7, 2006 at approximately 08:00 AM CET. A presentation of the third quarter results will take place at 09:30 hrs CET at the Felix Konferansesenter, Bryggetorget 3, 0250 Oslo. The news release concerning the 2006 third quarter financial results and a corresponding slide presentation will be posted at Petrojarl`s web site www.petrojarl.com. **** The information included herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on various assumptions made by the Company which are beyond its control and are subject to certain additional risks and uncertainties. As a result of these factors, actual events may differ materially from those indicated in or implied by such forward-looking statements.
Reykjavik (IFN) Iceland's Glitnir net profit for the third quarter was ISK8.8 billion (EUR101.5 million), as compared to ISK11 billion (EUR126,9 million) in the second quarter of 2006, Glitnir announced on Tuesday.
Amsterdam, Tuesday 31st October 2006. Head Chairman and CEO Johan Eliasch will host a conference call on Thursday 9th November 2006 at 15:00 London time (10:00 New York). He will be joined by Ralf Bernhart, Chief Financial Officer and Vicki Booth, Investor Relations. They will discuss Head's results for the three and nine months ending 30 September 2006.
Advance information on sales figures Information on the results and the financial position as at the end of the financial year (30 September 2006) will be released at the press conference on 28 November 2006.
Industrieholding Cham ("IC") reported net sales of CHF 340.4 million in the first nine months of 2006, an increase of 6.2% compared to the net sales of CHF 320.5 million for the same period in 2005.
London, England - October 30, 2006 - Stolt-Nielsen S.A. (Nasdaq NM: SNSA; Oslo Børs: SNI) today issued the following statement after a decision by the Supreme Court of the United States to decline to review a petition based on the separation of powers aspect of the Third Circuit decision rendered earlier this year.
Advance Focus Fund Limited announces that its unaudited Net Asset Value (NAV) including income accrued as at the close of business on 27 October 2006 was £34.516 million, representing a NAV of 137.31 pence per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/
Advance UK Trust plc announces that its unaudited Net Asset Value (NAV) as at the close of business on 27th October 2006 was £92.974 millions, representing a NAV of 221.82 pence per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/
Leiden, The Netherlands, October 30, 2006 - Dutch biotechnology company Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) announced today that it will concentrate its research and development (R&D) activities at its Leiden headquarters in The Netherlands. Vaccine manufacturing, regulatory activities, clinical development and vaccine marketing will be concentrated in Crucell's Swiss operations in Bern.
* Net sales during January to September rose by 12 per cent to SEK 1,996 million (1,775 last year). Profit after net financial income/expense was SEK 157 million (148). Last year's earnings included an extraordinary item of SEK 83 million (franchise fee refund). Earnings after tax were SEK 109 million (104); earnings per share were SEK 5.44 (5.18).
Neste Oil has closed the transaction concerning the sale of 73 traffic station properties in Finland to an international investment company. The transaction was valued at EUR 118 million, and the company expects to book a capital gain of approximately EUR 65 million on the sale in its full-year result. The transaction was originally announced on 16 October 2006. The sale will not impact the operations of the Neste stations in question.
Klövern has sold the total holding in Diös, 2.158.700 shares, to Brinova at the closing price as per October 27 SEK 31.70, totalling SEK 68 million. The sales price exceeds most recently reported fair value by SEK 5 million, which will affect the profit for the fourth quarter of 2006.
Nordic Business Report-October 30, 2006-Denmark's Coloplast A/S updates manufacturing strategy, prepares to move part of production to Hungary and China(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
PARIS (Dow Jones)--The temptation to load up with shares in Peugeot on the grounds that nothing could possibly get worse for the auto maker, after a third-quarter slump in sales led to a fourth consecutive profit warning, is proving hard to resist.
Ericsson (NASDAQ:ERIC) has been selected by the operator DNA in Finland to host a faster and simpler activation and configuration of its customers' handsets through Ericsson Automatic Device Configuration (ADC).
Carlsbad, CA, - October 30, 2006 - Micromet, Inc. (NASDAQ: MITI), a biopharmaceutical company focusing on the development of novel, proprietary antibody-based products for cancer, inflammatory and autoimmune diseases, will host a conference call and live webcast on Thursday, November 9, 2006, at 09:00am Eastern Time (03:00pm Central European Time) to discuss the company's financial results for the third quarter ended September 30, 2006.
The merger between Eltek and Nera was completed on 19 October 2006 but took accounting effect from 13 September, when the two companies had the same Board of Directors (shareholders' elected directors). The effect of the merger is reflected in the Balance Sheet Statement of Eltek as at 30 September 2006, whereas the effect on the consolidated Income Statement will be recognised as of 1 October 2006.
Oslo (2006-10-30): Yara International ASA has acquired the Mexican fertilizer company Olmeca from Sociedad Quimica y Minera de Chile S.A. (SQM). Olmeca had sales of 160,000 tonnes of fertilizers in 2005 and is considered an ideal vehicle to drive Yara's market position in Mexico.
Tenerife, Spain (30 October 2006) - Following the pausing of the trade of the Company's shares at the Oslo Stock Exchange on Friday 27th October, TGS-NOPEC Geophysical Company ASA (TGS) would like to make clear the basis for its recently revised 2006 guidance.
Aachen (Germany), 28 October 2006 - Biopharmaceutical company PAION AG (FSE: PA8) today announced that the independent Data Monitoring Committee (DMC) for the DIAS-2 Phase III study met and informed the Steering Committee, PAION and its development partner for Desmoteplase, Forest Laboratories, Inc. (New York, USA), that it has reviewed the cumulative data from the study provided by the Companies and recommended to resume patient enrolment into DIAS-2 with no modification of the protocol. At this meeting, the DMC reviewed data from 170 randomized patients. The DIAS-2 study is evaluating PAION's drug candidate Desmoteplase in patients with acute ischaemic stroke. The Companies continue to expect that enrolment will be completed by the end of 2006 and that study results will be available by the middle of 2007.
Amsterdam, 28 October 2006 - Heineken International today announced the launch of its global advertising campaign, starring Eva Green as Vesper Lynd in the new James Bond film Casino Royale, which has its worldwide premiere in London on November 14th.
REYKJAVIK/LONDON (IFN) Iceland's Finance Minister said on Friday he had no reason to suppose that criminal Russian money could be traced to Iceland as suggested by a newspaper report due to be published at the weekend.
Impax Environmental Markets plc announces that as at the close of business on 26 October 2006 its undiluted net asset value ("NAV") per ordinary share was 104.99p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 104.17p.
Reykjavik (IFN) Iceland's largest bank, Kaupthing Bank is ready for a more aggressive expansion approach in 2007 and is keen to increase its presence in Norway, the bank's chief executive said Thursday.
Glitnir will host the following presentations and conference calls in relation to the publication of its Q3 2006 results. An English version of the presentation will be available on www.glitnirbank.com as of October 31st.
KYOTO, Japan, Oct. 27, 2006 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (Osaka Stock Exchange:6594) (Tokyo Stock Exchange:6594) announced today its financial results under U.S.GAAP for the period of April 1, 2006 to September 30, 2006.
Reykjavik (IFN) Iceland's Kaupthing Bank is more comfortable in tapping into the European bond market in 2007, Kaupthing's chief executive Hreidar Mar Sigurdsson said during a third quarter presentation on Friday.
Reykjavik/Oslo - 27 October 2006 - Seafood consumption in China will increase by more than 40 per cent by 2020, according to a new seafood industry research report issued by Glitnir Bank. The report offers an analytic overview of the current Chinese seafood industry and presents Glitnir's view of its likely future developments. Today, China is by far the world's largest supplier of aquatic products, both by means of capture and aquaculture. At the same time, China is also one of the most important consumer markets for seafood, with a fast growing appetite for exotic and high-end seafood products.
The strategy for the coming years has focus on growth in Asia and Americas combined with more effort on product and market development. In addition there is a need for cost reductions and effective integration of future acquisitions. The organization structure must be aligned with these objectives. As far a possible Kongsberg Automotive must operate as one company to avoid duplication of resources and control levels applying the best practice processes.
The Board of Directors of Hafslund ASA has appointed Christian Berg as new President and Chief Executive Officer (CEO) of Hafslund ASA. Mr. Berg is currently Deputy CEO, CFO and Group Senior Vice President Treasury of Hafslund ASA.
Hakon Invest today completed the investment in the Hemma white goods chain (Hemmabutikernas Utvecklings AB) in accordance with the agreement signed and announced on September 18, 2006. Hakon Invest's total investment is SEK 85 M in cash, providing an ownership interest of 48 percent of the capital and votes.
Nordic Business Report-October 27, 2006-Norwegian fruit products producer Lerum Fabrikker AS discontinues private label production of soft drink, sheds jobs(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
1102 GMT [Dow Jones] Kaupthing's (KAUP.IC) 3Q results are "fairly good overall," with a strong bottom-line, says Hermann Thorisson at Landsbanki. "Margins are still seeing some pressure," he says, "but that's expected and the CEO indicated it will continue next year. And the commission income is down on seasonality." Adds the gain on the Exista stake sale is excellent and the bank's cost-to-income ratio is better-than-expected. Rating under review, but doesn't expect major changes. Shares trade +1% at ISK869. (LON)
Six new non-stop destinations and attractive fares of as little as CHF 99 (including taxes and fees): this is the combination with which SWISS will be substantially expanding its product offer in the tri-national Basel region from January 15 onwards. Barcelona, Nice, Prague, Budapest, Manchester and Warsaw all join the Basel-based SWISS network, raising to ten the points served non-stop from EuroAirport Basel-Mulhouse-Freiburg and underlining SWISS's commitment to the airport and the region. Together with its Star Alliance partners, SWISS will offer non-stop service from Basel to as many as 14 destinations.
Tveir rússneskir ríkisstjórar heimsóttu Ísland á dögunum og skoðuðu m.a. íþróttamannvirki í Grindavík. Þetta voru Kamil Iskhakov og Roman Abramovich, ríkisstjóri í Chukotka. Abramovich er betur þekktur sem eigandi Englandsmeistara Chelsea.
Royal DSM N.V. has repurchased 591,123 of its own shares in the period from October 19, 2006 up to and including October 25, 2006 at an average price of EUR 36.55. This is in accordance with the share buyback program announced on September 27, 2006. The consideration of this repurchase was EUR 21.6 million.
Kitron has higher turnover and profitable operation. The Group increased production for existing customers during the third quarter. At the same time, increased order backlog provides for further improved operation and profitability.
Highlights 3rd quarter in 2006 (3rd quarter in 2005) Payments from portfolios NOK 454.4 million (+8.9%) Total operating revenue NOK 351.6 million (+4.1%) Profit before tax NOK 93.2 million (-33.3%) EBITDA NOK 359.4 million (349.1) Cash flow per share NOK 6.20 (6.30) Change in portfolio collection estimates of NOK 0 million (-0.6) Total acquisitions in 3rd quarter of NOK 176.6 million including portfolios in UK with face value of approximately GBP 101 million and 62 000 accounts and in Sweden with a face value of approximately SEK 150 million and 6 000 accounts
Horgen, October 27, 2006 - In the first nine months of 2006, Schweiter Technologies Group reported new orders of CHF 362.7 million (+32%). Gross revenues reached CHF 331.7 million (+35%). SSM Textile Machinery SSM Textile Machinery continued its positive performance in the 2nd half. Profitability showed a renewed improvement in the 3rd quarter on the back of strong sales and strict cost management.
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with Aker Yards to build 4 anchor handling tug supply vessels (AHTS) of the type UT 731 CD. The newbuilds are part of Farstad's fleet renewal and focus on the segment for deepwater activities.
* Net sales of the three first quarters of 2006 were EUR 67.2 million (EUR 59.7 million in 2005). Net sales increased by 12.5 percent compared to the previous year. * Operating profit was 0.8 million (loss EUR 4.6 million). Operating profit includes EUR 0.8 million of restructuring costs (EUR 3.1 million), and a EUR 1.2 million capital gain from sales of real estates. * Loss before taxes was EUR 0.8 million (loss EUR 5.6 million) * Earnings per share were EUR -0.008 (EUR -0.034) * Order backlog on September 30, 2006 was EUR 24.7 million (EUR 15.2 million)
Copenhagen (IFN) Icelandic investment bank Straumur-Burdaras repored a 76% drop in third-quarter pretax profit on Thursday, resulted by foreign exchange losses and a drop in the value the bank's financial assets.
The Board of Directors of Pöyry Plc has decided to change the composition of its Nomination and Compensation Committee. The members of the Nomination and Compensation Committee are as of October 26, 2006, Henrik Ehrnrooth, Chairman, Matti Lehti, Karen de Segundo, Pekka Ala-Pietilä, and Georg Ehrnrooth as the external member.
Stockholm (IFN) Icelandic bank Landsbanki Islands aims to continue to diversify its operations through foreign expansion in 2007, but future acquisitions are likely to be in companies that are either funded by deposit-taking programs or that won't require additional working capital.
(Sverige) När Lyckebys gamla kommunikationslösningen som inte höll måttet behövdes bytas ut föll valet på Atea/Ementor. Atea/Ementor som sedan tidigt i våras varit med i projektet har tidigare levererat hårdvara, service och konsulttjänster, och har nu stått för såväl nätdesign som projektering. Driftsättningen kommer att ge Lyckeby högre prestanda och tillsammans med Atea/Ementor bygger man nu vidare på säkerheten för lösningen.
Reykjavik (IFN) Icelandic bank Landsbanki Islands Thursday reported a third-quarter net profit, attributable to main shareholders, of ISK5.28 billion, up from around ISK5 billion a year earlier, boosted by the consolidation of the brokerage firms Kepler Equities, Merrion Capital and Teather & Greenwood.
The management of DPA Flex Group N.V. (DPA Flex), in consultation with the supervisory board, intends to recommend Michel van Hemele (50) as commissioner for the company. The recommendation shall be decided on by vote in an extraordinary shareholder's meeting to be convened before the end of this year.
Swiss International Air Lines (Group) increased its earnings before interest and taxes (EBIT) to CHF 199 million for the first nine months of 2006 (prior-year period: CHF 24 million). Consolidated net profit for the period amounted to CHF 174 million. In the prior-year period, SWISS posted a consolidated net loss of CHF 81 million. EBIT for the third quarter, which is traditionally the strongest of the year, rose to CHF 101 million for 2006 (prior-year period: CHF 33 million).
(Fornebu, Norway and Paris, France - 26 October 2006) On Wednesday 25 October 2006, Telenor entered into a definitive agreement with Apax Partners France for the sale of Telenor Satellite Services (TSS) to funds managed by Apax Partners for a cash consideration of USD 400 million (NOK 2,640 million). Since 2002 Telenor has defined Telenor Satellite Services as non-core business. Apax Partners intends to pursue the development of the company in Norway and abroad.
* Operating profit from continuing operations (EUR 209 million) slightly below Q3 2005 (EUR 215 million). * First nine months: sales up 9%, operating profit up 7%. * Start of share buy-back program (EUR 750 million in total) on September 28. * DSM number one in the Dow Jones Sustainability World Index for the third consecutive year.
Private Equity Holding reports a gain of EUR 44.9 million for the half-year ended September 30, 2006, mainly resulting from the first-time valuation of the earn-out to be received from CSFB Strategic Partners II LP, as described in the notes to the semi-annual financial statements.
Reykjavik (IFN) Iceland's financial supervisory authority (FME) intends to recommend tighter regulations for Icelandic financial companies, requiring company loans to be reviewed by outside accountants, Jonas Fridrik Jonsson, FME's general director told IFN on Wednesday.
Impax Environmental Markets plc announces that as at the close of business on 24 October 2006 its undiluted net asset value ("NAV") per ordinary share was 103.88p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 103.16p.
Yesterday, information about Handelsbanken's interim report reached parts of the market ten minutes before the Bank had officially published the report. Handelsbanken immediately notified the Stockholm stock exchange and started an investigation which was completed yesterday afternoon.
Simrad Optronics` General Assembly today elected Ove Gusevik the new Chairman of the Board. The General Assembly also approved a proposed share option programme giving the Chairman a right to purchase up to 200 000 shares in Simrad Optronics ASA. The share option price being equal to the share price of SIT at the Oslo Stock Exchange at the end of today's trade.
* Outlines goals and priorities going forward * Describes newly observed safety characteristics and potentially promising new combination alternatives for its compounds * Sets strategic pathway for its clinical development
TORONTO -- (MARKET WIRE) -- October 25, 2006 -- Syndesis, the worldwide leader in Convergent Service Delivery Management (CSDM) solutions, announced today that its industry-leading service fulfillment solutions have been chosen by Telecom Italia Sparkle (TI Sparkle) to support its next-generation service offerings after a competitive selection process. A comprehensive Syndesis solution to deliver new services, including automated activation, provisioning, and discovery, is now in production across TI Sparkle's international IP network. Network reconciliation of TI Sparkle's inventory system will follow in the next phase of the multi-phase, multi-year license agreement, which is being implemented in conjunction with Datamat, a leading systems integrator.
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- October 25, 2006 -- Derek Oil & Gas Corporation ("Derek") (TSX VENTURE: DRK) will buy Ivanhoe Energy's ("Ivanhoe") interest in the LAK Ranch oilfield in Weston County, Wyoming subject to the negotiation of definitive documentation and Derek and Ivanhoe board approvals.
Reykjavik (IFN) Icelandic property company Samson Properties is disappointed with the Finnish government's decision to sell government-owned property investment group Kapiteeli to rival Sponda in a EUR1.3 billion deal, a Samson spokesman confirmed on Wednesday.
Leiden, The Netherlands, October 25, 2006 - Dutch biotechnology company Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) today announced that it has started the phase I clinical trial of the AdVac®-based tuberculosis vaccine it is developing in partnership with The AERAS Global TB Vaccine Foundation.
Nordic Business Report-October 25, 2006-Swedish systems integrator Confidence International AB teams up with Huawei Technologies to compete with Cisco on Nordic market(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
Ericsson (NASDAQ:ERIC), the world's leading telecommunications supplier, and the leading Serbian operator, Telekom Srbija, have signed the first contract on the Serbian market for supply and implementation of a 3G network with HSPA functionality and associated services. This 3G network will be connected to Telekom Srbija's existing core network, also supplied by Ericsson
FL Group has today signed a EUR 250 million Senior Secured Credit Facility against its position in Glitnir Bank. The facility is with a 3-year maturity and bullet repayment on maturity. UniCredit Group acting through Bayerische Hypo- und Vereinsbank AG acted as Mandated Lead Arranger and Sole Bookrunner for the syndication.
LAS VEGAS, NEVADA -- (MARKET WIRE) -- October 25, 2006 -- Hybrid Technologies, Inc. (OTCBB: HYBT) www.hybridtechnologies.com, emerging leaders in the development and marketing of lithium powered products worldwide, are proud to announce the incredible success of the company's latest factory opening.
Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A and TEL2 B), Europe's leading alternative telecoms operator, today announced that it intends to increase its CZK 2.14 billion (approx. EUR 74 million) claim for damages against Telefónica O2 Czech Republic (formerly Cesky Telecom). Tele2 considers its claim further strengthened by the rejection of Telefónica O2's appeal against the decision of the Czech competition authority, which found Telefónica O2's retail pricing to be damaging alternative operators.
(Oslo, 25 October 2006) Block Watne Gruppen invites to the presentation of results for third quarter 2006 on Tuesday 7 November at 11:00. The presentation is hold in Vika Atrium Conference Center, Munkedamsveien 45, Oslo.
Continued strong results - exceeding targets * Income up 12% to EUR 5,478m (EUR 4,877m in the first nine months of 2005) * Gain on sale of shares in International Moscow Bank (IMB) of EUR 199m included in the third quarter * Net profit up 29% to EUR 2,277m (EUR 1,763m) * Operating profit up 24% to EUR 2,853m (EUR 2,300m) * Costs up 3% * Gap between revenue and cost growth 5.1%-points, excl. impact of IMB sale * Cost/income ratio continued down * Positive net loan losses of EUR 175m (EUR 130m) - 10th consecutive quarter with net recoveries * Earnings per share EUR 0.88 (EUR 0.66), up 33% * Return on equity 22.6% (18.8%)
Lappland Goldminers has since the beginning of August conducted core drilling to investigate deeper parts of the gold mineralisation at Fäboliden. The Company can now present the results from the first three drill holes intersecting the mineralisation from approximately 350 to 550m depth below surface.
* Net sales for the third quarter amounted to 3,261 MSEK (3,461), and 9,454 MSEK (9,811) for the first nine months * Operating income excluding larger one time items increased by 5% to 796 MSEK (756) for the third quarter and by 18% to 2,288 MSEK (1,941) for the first nine months * Net income for the third quarter amounted to 626 MSEK (569), and 1,729 MSEK (1,321) for the first nine months * EPS for the third quarter was up 23% to 2.22 SEK (1.81), and up 43% to 5.93 SEK (4.14) for the first nine months
Oslo, October 25, 2006: Renewable Energy Corporation ASA (REC) reported revenues of NOK 1,139 million in the third quarter 2006, an increase of 51 percent from the NOK 755 million reported in the third quarter 2005.
AMERICAN MARKETS OUTLOOK: U.S. stock markets are set to open lower Tuesday, following Monday's triple-figure rise on the Dow Jones Industrial Average, said Martin Slaney of spreadbetter GFT Global Markets.
Paris (IFN) North Korea is the worst violator of press freedom while journalists in Finland, Ireland, Iceland and the Netherlands enjoy the most liberty, according to a new index released this week by Reporters Without Borders.
Solutia Offers 'Sneak Preview' of New Saflex Brand Focus; Announcements This Week to Feature New Products and New Investments ST. LOUIS and DUSSELDORF, Germany, Oct. 24, 2006 (PRIMEZONE) -- At the Glasstec 2006 exhibition in Dusseldorf, Germany, Solutia Inc. (OTCBB:SOLUQ), the world leader in the production and sale of polyvinyl butyral (PVB) interlayers, today announced its PVB interlayer business will now be known as "Saflex(r)", which is also the name of its flagship brand.
Corio has reached a final settlement with Barletta Group on the completion and delivery of the shopping centre Campania in Marcianise, about 20 kilometres north of Naples. With this agreement all the outstanding issues between Corio and Barletta Group have been resolved. Expectations are that shopping centre Campania will open in March 2007.
Impax Environmental Markets plc announces that as at the close of business on 20 October 2006 its undiluted net asset value ("NAV") per ordinary share was 103.26p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 102.60p.
Notification of Major Interests in Shares Pursuant to the obligation placed on us by LR6.6.7 of the Listing Rules, we advise that on 23 October 2006, the Company received notification that Allied Irish Banks plc and its subsidiaries has a notifiable interest in 2,104,534 ICG Units, representing 8.9% of the Company's issued share capital, excluding treasury shares. The breakdown of registered holders has been notified as follows:
SeaDrill has with satisfaction noted the announcement made by the Oslo Stock Exchange on Friday, October 20 with respect to their general view on the relevance of total return swaps to the mandatory bid rules. The criteria defined by the Stock Exchange are decisive that such agreements shall not trigger an obligation to make a mandatory bid or influence the terms thereof. This corresponds fully with the facts relevant to SeaDrill's total return swaps related to the Eastern Drilling ASA ("Eastern") share. SeaDrill therefore remains confident that it has acted in accordance with the requirements of the Securities Trading Act in making its mandatory bid for Eastern and that the Oslo Stock Exchange will reaffirm its approval thereof. Irrespective of the above, SeaDrill wishes to emphasise that the obvious alternative to completing the current mandatory bid will be to withdraw it and reduce its stake in Eastern to below 40 percent over the next 30 day period.
Reykjavík (IFN) Icelandic bank Kaupthing has mandated Citigroup, Deutsche Bank and HSBC as joint lead-managers for a roadshow targeting private banks and retail companies in Asia and Swizerland, one of the leads said Monday.
DNO will during the course of next week make presentations to investors in USA. In relation to these meetings DNO has prepared an updated Corporate Presentation. This presentation is available on our web site, www.dno.no.
* Dysmotility-type dyspepsia causes gastrointestinal discomfort that can be chronic and disruptive for patients * Clinical data show potential benefit of Zelnorm for women with this common digestive disorder * No currently approved products available to treat this widespread condition
Advance Focus Fund Limited announces that its unaudited Net Asset Value (NAV) including income accrued as at the close of business on 20 October 2006 was £34.682 million, representing a NAV of 137.97 pence per share. The investments in the Company's portfolio have been valued at bid price in the above calculations.
KANSAS CITY, Mo., Oct. 24, 2006 (PRIMEZONE) -- Kansas City-based Alternative Energy Sources Inc. (OTCBB:AENS) today announced plans to build a 110-million-gallon ethanol plant in Greenville, Ill., 45 miles east of St. Louis. This follows announcements in August that the company plans to build ethanol plants in Central Iowa and Northern Illinois.
Brussels, Belgium - October 23, 2006 - 12:30 PM CET - UCB's Extraordinary Shareholders' Meeting today approved a capital increase of up to a maximum of 43,033,437 New Ordinary Shares of UCB. These New UCB Shares will be issued to the shareholders of Schwarz Pharma AG ("Schwarz") who will have tendered their shares to UCB pursuant to the tender offer announced by UCB on September 25, 2006.
Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A and TEL2 B), Europe's leading alternative telecoms operator, today announced that it will acquire 49% of the shares in Spring Mobil with an option to acquire the remaining shares in the first quarter of 2009. Spring Mobil is the telecom operator with the fourth Swedish GSM license. Spring is the first operator in the world only focusing on the growing, fixed-to-mobile market for enterprises. The closing of the agreement is dependent on the approval by Konkurrensverket (the Swedish competition authorities).
"Sustainable Agriculture & The Food Industry" Presentation given by Mr Hans Jöhr, Corporate Head of Agriculture, Nestec SA., at the World Food Prize International Symposium in Des Moines, Iowa, USA on October 19, 2006.
23 October 2006 - Rashid Petroleum Company (Rashpetco) has awarded Aker Kvaerner a contract to supply five umbilicals to the Rosetta Phase 3 gas development in the Rosetta Concession, offshore Nile Delta, Egypt. The contract is valued at NOK 130 million.
Reykjavik (IFN) The controversial merger between UK retailers Costcutter and Nisa-Today's has been brought down after dissident shopkeepers called on the Office of Fair Trading to intervene, alleging "cartel practices," The Financial Times reports, citing Costcutter and Kaupthing sources.
Under a resolution of Cardo's annual general meeting, an election committee shall be appointed ahead of each annual general meeting consisting of the Chairman of the Board of Directors and one representative of each of the company's three largest shareholders on September 30 each year. The person representing the company's largest owner shall chair the election committee. If any owner declines to take part, the right to appoint a representative shall pass to the next largest shareholder.
Shareholders, investors, analysts, press and other interested persons are invited to a company presentation of Thin Film Electronics ASA. The presentation will be given by Johan Carlsson and Rolf Åberg and will cover an update on status as well as future direction of the company.
The Board of Directors of Precise Biometrics AB (publ) has decided, subject to approval from an extraordinary general meeting on Monday 13 November 2006, to carry out a new share issue of approx. SEK 85 million with preferential rights for the shareholders. The purpose of the issue is to create prerequisites for the company to focus on activities generating profitability and bringing the company to positive results.
Brussels, October 23, 2006 - RHJ International SA (EURONEXT: RHJI) confirms that together with Videocon Industries Ltd, it has entered into non-binding Memorandum of Understanding ("the "MOU") dated October 20, 2006 with Woori Bank, acting as the principal bank of the Creditor Financial Institutions Committee (the "CFIC") for Daewoo Electronics Corporation (the "Company" or "DEC") for the proposed purchase of the equity and debt interest of the CFIC in the Company (the "Purchase").
The Feintool Group - a leading technology and systems provider and a globally operating components supplier based in Lyss, Switzerland - will be presenting two new products to the specialist market at EuroBlech, the major technology fair for the sheet metal working industry, held in Hanover. The first is an extended-table fineblanking press, the second a reference book entitled "Cold Forming and Fineblanking".
Öllum skráðum félagsmönnum í Golfklúbbi Bakkakots í Mosfellsdal hefur verið sent bréf þar sem óskað er eftir skriflegu svari þeirra hvort þeir hyggist taka þátt í stofnun hlutafélags um uppbyggingu og rekstur í Bakkakoti.
Síðastliðin laugardag var Akraneshöllin, nýtt fjölnota íþróttahús Akurnesinga, vígð að Jaðarsbökkum. Í tilefni 60 ára afmælis Íþróttabandalags Akraness og vígslu hallarinnar heiðraði ÍA 27 einstaklinga sem unnið hafa ötullega innan hreyfingarinnar á liðnum áratugum.
KANSAS CITY, Mo., Oct. 20, 2006 (PRIMEZONE) -- Kansas City-based Alternative Energy Sources Inc. (OTCBB:AENS) stated today it will not proceed with its previously announced plan to acquire Flex Fuels USA Inc. and its affiliate ACN Energy Consulting Inc. The letter of intent has expired without any further obligation among the parties.
Impax Environmental Markets plc announces that as at the close of business on 19 October 2006 its undiluted net asset value ("NAV") per ordinary share was 103.66p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 102.96p.
Reykjavik (IFN) Icelandic generic drug maker Actavis Group on Friday said it has tendered its 20.8% stake in Pliva) to Barr Pharmaceuticals Inc. under Barr's offer to acquire all outstanding shares in Pliva for HRK820 per share.
Brussels (IFN) The European Commission Friday attacked Iceland for its decision to resume commercial whaling. "If it was simply a matter for the European Union to decide, all commercial whaling would be abandoned once for all," the commission said in a statement.
Trondheim, Norway, 20 October, 2006 - Powel ASA and breakoutimage A/S announced today the two companies have signed a distribution agreement making breakoutimage's TeleNET software a certified plug-in for telecom planning and documentation on Powel's NetBas network information system. With this agreement, Powel ASA and KMD A/S, Powel's Denmark distributor, will offer the same depth in documentation and planning software for fiber and telecom that Danish utilities have come to expect in the electricity sector from Powel's NetBas platform.
MorphoSys AG (Frankfurt Stock Exchange: MOR; Prime Standard Segment, TecDAX) will publish its first nine months' 2006 results on October 27, 2006 at 7:30 a.m. CEST. At 10:00 a.m. CEST, the Management Board of MorphoSys AG will host a public conference call to present MorphoSys's financial results for the first nine months of 2006 and provide further details on the company's latest developments.
Songa Offshore ASA has accepted a Letter of Award for a contract for the Songa Dee. The contract is firm for 2 years and includes 2 six month option periods. The Operators may use the Songa Dee in the Norwegian and the UK sectors of the North Sea. The contract will commence when the rig is released by the current operator, which may be the fourth quarter of 2008, or the first quarter of 2009. The contract value for the firm period is in excess of USD 310 million. A firm contract is expected to be executed by 1 December, 2006.
Stock exchange announcement, 20 october 2006 at 3:00 p.m. Vacon Plc's Interim Report January-September 2006 will be published on Thursday, 26 October, 2006 at 10:00 a.m. Finnish time, EET (9:00 a.m. CET).
Notification of Major Interests in Shares Pursuant to the obligation placed on us by LR6.6.7 of the Listing Rules, we advise that on 19 October 2006, the Company received notification that Allied Irish Banks plc and its subsidiaries has a notifiable interest in 2,113,917 ICG Units, representing 9.0% of the Company's issued share capital, excluding treasury shares. The breakdown of registered holders has been notified as follows:
Following the agreement reached between SWISS and the executive committee of Aeropers, the union of the company's Airbus pilots, the union's members have now also voted to approve the proposed new Collective Labour Agreement for Airbus cockpit personnel. As a result, the new CLA will now enter into effect on November 1.
Espoo, Finland - Nokia Board of Directors has resolved to issue a net total amount of 222 042 Nokia shares as settlement under the Nokia Restricted Share Plan 2003 to the Plan participants, employees of Nokia Group. The shares will be issued out of treasury shares held by the Company on or about October 23, 2006. The resolution is based on the authorization granted by the Annual General Meeting on March 30, 2006.
Ericsson (NASDAQ:ERIC) has been selected to upgrade Wataniya's network with full 3G/HSPA functionality that will boost the operator's mobile broadband offering to end-user in Kuwait. Commercial launch has already started.
Espoo, Finland - Nokia Board of Directors has resolved to issue a net total amount of 222 042 Nokia shares as settlement under the Nokia Restricted Share Plan 2003 to the Plan participants, employees of Nokia Group. The shares will be issued out of treasury shares held by the Company on or about October 23, 2006. The resolution is based on the authorization granted by the Annual General Meeting on March 30, 2006.
Royal DSM N.V. has repurchased 538,017 of its own shares in the period from October 12, 2006 up to and including October 18, 2006 at an average price of EUR 35.98. This is in accordance with the share buyback program announced on September 27, 2006. The consideration of this repurchase was EUR 19.4 million.
Metso Paper will supply a linerboard machine to Zhejiang JiAn Paper Packet Co., Ltd. in China. The machine, which will have an annual capacity of about 450,000 tonnes, will come on stream in Haiyan, Zhejiang province, in 2007. The value of the order is not disclosed. Metso's new local unit, Metso Paper Technology (Shanghai) Co. Ltd., plays a vital role in the delivery.
Kemira has acquired Oy Galvatek Ab, based in Lahti, southern Finland, as part of its strategy of reinforcing Kemira's overall services focusing on wastewater treatment and the treatment, recycling, and recovery of industrial side streams. Galvatek is a company that has mainly focused on planning industrial waste water treatment plants, project management and providing of maintenance services. Its revenue during the current financial period will be approx. EUR 10 million and it has a staff of 34. Galvatek has subsidiaries in Sweden and Poland.
Instead of the annual Capital Markets Day seminar traditionally held by Orion Corporation (OMX Helsinki: ORNAV, ORNBV) in London towards the end of November, we have decided to provide this year's event on the web only.
TORONTO, CANADA -- (MARKET WIRE) -- 10/19/06 -- Marex Financial and Algorithmics today announced that Marex has gone live with a managed services deployment of Algorithmics' market-leading risk management platform Algo Risk. Hosted by Algorithmics, this offering provides financial institutions with advanced portfolio analytics, risk management and decision support capabilities spanning all asset classes and investment strategies.
Impax Environmental Markets plc announces that as at the close of business on 18 October 2006 its undiluted net asset value ("NAV") per ordinary share was 103.51p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 102.82p.
Golar LNG Limited announces that its Annual General Meeting for 2006 will be held on December 1, 2006 in Hamilton, Bermuda. A copy of the Notice of Annual General Meeting and associated information, including the Company's Annual Report on Form 20-F, can be found on our website at www.golarlng.com and can be downloaded from the following link.
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- October 19, 2006 -- ROMARCO MINERALS INC. (TSX VENTURE: R) is pleased to announce that activities are well underway at its Pinos Gold District in Zacatecas, Mexico.
Harri Kerminen has been appointed President, Pulp and Paper Chemicals business area as of 1 November 2006. He is currently working as President, Performance Chemicals business area and Executive Vice President, member of Kemira's management board.
KANSAS CITY, Mo., Oct. 19, 2006 (PRIMEZONE) --Kansas City-based Alternative Energy Sources Inc. (OTCBB:AENS) announced today it will appear at Rohstoffmesse, an investors' resource conference, Oct. 26-28 in Frankfurt, Germany, sponsored by Value Relations GmbH.
19 October 2006 - For the second, consecutive year, Aker Kvaerner subsidiary, Kvaerner do Brasil, has been recognised by the Brazilian Pulp and Paper Technical Association (ABTCP) for the calibre of its supplier capabilities. As in 2005, the ABTCP recognised Aker Kvaerner as the "Preferred supplier of machines and equipment for pulp manufacturing". This year also sees the company win the award for the category of "Systems for liquor recovery and power generation".
Stockholm (IFN) Nordic stock exchange operator OMX AB, which recently agreed to acquire the Icelandic Stock Exchange (ICEX), on Thursday reported a 9% rise in third-quarter pretax profit on the back of higher volumes in all three business areas - market trading, information services and technology.
Jerusalem, October 19, 2006 - WizCom Technologies Ltd. (WizCom) (Prime Standard: WZM, IL 0010830706), a global provider of portable, handheld scanning and translating pens that enable and enhance reading-related activities and business productivity, announced today that Barnes & Noble Online, the online division of the largest bookseller in the world, is now featuring WizCom Technologies' award winning range of Personal Reading Assistants and Personal Productivity Tools.
The Board of Directors of Precise Biometrics AB (publ) has decided, subject to approval from an extraordinary general meeting on 13 November 2006, carry out a new share issue of approx. SEK 85 million with preferential rights for the shareholders. The purpose of the issue is to create prerequisites for the company to focus on activities generating profitability and bringing the company to positive results.
In course of the third quarter of 2006 a valuation has been undertaken both of operational fixed assets that are depreciated (impairment testing), and of goodwill. Comparing to earlier valuations new assumptions for newsprint prices in China and for the cost development of certain raw materials have been made.
Cambridge, UK, 19th October 2006 - CeNeS Pharmaceuticals plc (AIM: CEN), the biopharmaceutical company developing novel pain management products, announces that a paper* has been accepted for publication by the Clinical Journal of Pain. The paper is a positive clinical study of M6G's potential as a novel pain product to treat post-operative pain. It details an independent analysis of the dose-response effect of morphine-6-glucuronide ("M6G") on acute post-operative pain. The study was based on the responses of 41 patients at one site which took part in the first European Phase III study that completed in September 2004. The paper concludes that an effective analgesic dose of M6G to treat post-operative pain was identified when compared statistically to placebo and also demonstrated a long duration of action by reducing morphine PCA consumption over 12 and 24 hours. The paper also supports the further testing of M6G in clinical studies which is exactly what CeNeS is doing in the ongoing pivotal Phase III study which is nearing completion.
- Total sales up 9.1% to CHF 72.2 billion (CHF 66.2 billion in 2005) - Above-target organic growth of 6.1% (5.8% for food and beverages) - Strong real internal growth of 4.6% (4.2% for food and beverages) - Nestlé confident in delivering its full-year objective of 5-6% organic growth together with a constant currency EBIT margin improvement - Changes at Executive Board management level reflect nutrition, health and wellness strategic priorities Peter Brabeck-Letmathe, Chairman and CEO of Nestlé: "Our strong growth has continued into the third quarter of 2006. We are still facing volatile raw material and energy prices, but overall, I feel comfortable in reconfirming our reaching the upper end of our long-term organic growth target of between 5 and 6%, combined with an improvement of the EBIT margin in constant currencies for the full year. We have also continued to make progress in our transformation into a nutrition, health and wellness company through our active business portfolio management and the announced changes in our top management." Vevey, 19 October 2006 - During the first nine months of 2006, consolidated sales of the Nestlé Group amounted to CHF 72.2 billion, an increase of 9.1% over the comparable period of 2005. Real internal growth was strong at 4.6% and pricing added another 1.5%, resulting in an organic growth of 6.1%. Foreign exchange contributed 2.8% to reported sales, while acquisitions, net of divestitures, had a minimal net effect of +0.2%.
Due to the current distribution of ownership of Private Equity Holding AG as well as irreconcilable differences with the advisor and manager of Private Equity Holding AG (Alpha Associates AG), Daniel Sauter and Jean-Pierre Conrad have resigned from the Board of Directors with immediate effect. Dieter Dubs has resigned as Chairman of the Board, effective as of the date of the next Extraordinary General Meeting of Shareholders.
As echoed by the media, the Belgian Council of State has acceded to the action suit filed by Befimmo within the framework of a summary court proceedings and has issued a court order dated 11 October 2006 suspending the decision taken by the Belgian government to allocate the Sicafi 2006 real estate public contract to another bidder.
Impax Environmental Markets plc announces that as at the close of business on 17 October 2006 its undiluted net asset value ("NAV") per ordinary share was 102.89p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 102.26p.
Growth in operating revenue Kongsberg Automotive Holding increased the operating revenue in the third quarter 2006 compared with same period 2005 from MNOK 597 to 618, an increase of 3,5 %. The growth is in addition to yearly price reductions and give a volume growth of 7,9 %. Year to date the total operating revenue is MNOK 1 964 (1 758), an increase of 10,3 %.
Helsinki (IFN) The Finnish-Swedish IT group TietoEnator Corporation announced on Wednesday that it has agreed to sell its public administration business operations in Sweden, Denmark and Norway to Sirius IT.
Á undanförnum mánuðum hefur ný IP símkerfatækni frá þýska fyrirtækinu Swyx vakið verulega athygli á mörkuðum beggja vegna Atlantsála. Ástæðuna má einkum rekja til byltingarkenndar grunnhugsunar Swyx á notkun hreinnar IP símtækni, sem leiðir til einföldunar og hagræðingar meðal lítilla og meðalstórra fyrirtækja, sem tæknin höfðar einkum til. Hér á landi hafa nú þegar mörg fyrirtæki tekið símkerfi frá Swyx í notkun og má meðal annarra nefna Íslensk-Ameríska, Alfesca, Hugvit, Íslenska getspá, Öryggismiðstöð Íslands og fleiri.Þann 26. október halda fyrirtækin Microsoft, sem tækni Swyx byggist á, og Svar tækni ehf, umboðsaðili Swyx á Íslandi, tvær ráðstefnur í húsakynnum Microsoft við Engjateig 7 í Reykjavík, þar sem IP tækni Swyx verður kynnt meðal stjórnenda og tæknimanna fyrirtækja. Af því tilefni koma til landsins erlendir aðilar frá Swyx til að kynna tæknina. Fyrri ráðstefnan stendur frá kl. 10 til 12.30 og sú seinni frá kl. 13.30 til 16.
Espoo, Finland - Following the initial three years of cooperation Nokia and WWF will continue working together to drive environmental awareness of Nokia employees and to find new ways to enhance Nokia's environmental performance and support WWF's nature conservation goals. The new contract has been signed for an additional three years.
In connection with the 2nd quarter 2004 report Ganger Rolf advised that the Oslo Tax Office had imposed a correction income to a group company relating to an internal transaction carried out during the fiscal year 2000. The position of the tax office was contested by the company.
Last spring Lappland Goldminers AB reported positive results from a basal till and surface rock sampling program stretching 2.5 km in an area to the south of the Fäboliden deposit. The company has during the spring and summer conducted core drilling in limited parts of this area and has identified gold mineralisation in all five drilled profiles.
Yara International ASA's third quarter results 2006 will be released on Friday 20 October, 2006. The results will be available at www.yara.com and in the reception at Bygdøy alle 2, Oslo from 08:30 CET.
The presentation of 3rd quarter 2006 accounts will be held on Friday 27th October at 15:00 pm. The 3rd quarter results 2006 will be made public on the same day at approx. 14.00 pm. The presentation will be held at Hotel Continental, Stortingsgaten 24/26, Oslo. For registration, please contact Heidi Ulmo, Vice President Investor Relations: firstname.lastname@example.org, telephone + 47 90 91 93 25 Hafslund ASA Oslo, 18 October 2006
Van Lanschot NV (Van Lanschot), Kempen & Co NV (Kempen) and Kempen's major shareholders have signed the share purchase agreement for the acquisition of Kempen. Van Lanschot announced on 7 September 2006 that it intended to submit a bid for Kempen. This acquisition will strengthen Van Lanschot's leading position with its target groups: high net-worth individuals, institutional investors, businesses and entrepreneurs.
On September 5, 2006 Private Equity Holding (PEH) last informed on the status of the earn-out in connection with the 2003 restructuring of PEH and its subsidiaries. After close of business on October 13, 2006, CSFB Strategic Partners II LP (CSFB Fund) informed PEH that it expects to make a first earn-out payment within the next 30 days. In addition, the CSFB Fund made available to PEH for the first time information allowing the calculation and balance sheet recognition of the earn-out as of September 30, 2006. The semi-annual report of PEH, which will be published on October 26, 2006, will show a value of EUR 48.873 million for the position Earn-Out. The fair value per share as of September 30, 2006 will accordingly increase by EUR 12.06 to EUR 38.41 (CHF 60.85).
Büdelsdorf, 17/10/2006 - mobilcom AG has today concluded a settlement with yet another of the plaintiffs who had filed a challenge to the merger resolutions of the Extraordinary General Meeting 2005. The conclusion of the settlement was determined today by the Kiel Regional Court. Together with the previous partial litigation settlements of 17 August 2006 and 25 August 2006, the company has now concluded settlements with 22 of the 24 plaintiffs of the originally pending actions and with all four of the third parties intervening in support of the plaintiffs. The fast track procedure with the two remaining plaintiffs will be continued before the Higher Regional Court Schleswig. Nevertheless, the company will continue to seek an out of court settlement with the two remaining plaintiffs, as will freenet.de AG with the remaining plaintiff in its case.
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 10/17/06 -- ROMARCO MINERALS INC. (TSXV: R) announces that the 2006 drilling programs at its Buckskin-National and Roberts Mountains (Cortez) Gold Projects in Nevada have been completed and assays are pending. All assays are being completed by ALS Chemex.
Amer Sports Corporation has selected Ogden, Utah for the home of its recently-created Winter & Outdoor Americas unit. The unit, which includes Amer brands Salomon, Atomic and Suunto, is headed up by Mike Dowse, a 16-year Amer Sports veteran.
Whoopi Goldberg, Susan Sarandon, Mary J. Blige, Claudia Schiffer, Lucy Liu, Sharon Stone, Billie Jean King and Robin Herbert, MD Among Honorees With Performances From Stevie Wonder, Chaka Khan and Il Divo
Prominent U.K.-Based Curator Joins Silicon Valley Museum to Develop International "Timeline of Computing History" Exhibit; Significant International Computing Objects Added to Museum's Growing Collection
Impax Environmental Markets plc announces that as at the close of business on 13 October 2006 its undiluted net asset value ("NAV") per ordinary share was 103.22p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 102.56p.
ING Group intends to sell its speciality insurance unit Nationale Borg to HAL Investments B.V. and Egeria as part of ING's strategy to focus on its core insurance, banking and asset management businesses. The intended sale is subject to Works Council advice and regulatory approvals. Financial details were not disclosed.
The Company announces that Mr Bob Westcott, a non executive director of the Company, has today sold 42,708 shares in the Company at a price of 306p. Following this sale Mr Westcott has an interest in 627,059 ordinary shares representing 3.84 per cent of the issued share capital of the Company.
Espoo, Finland/Seattle, USA - Nokia (NYSE: NOK) today announced that it has completed its acquisition of Loudeye Corp. (Nasdaq: LOUD), a global leader of digital music platforms and digital media distribution services.
We would like to advise you that a press release stating the results of Stork for the third quarter will be issued on Wednesday 25 October 2006 shortly before 08.00 hours CET. The content of the presentation will be visible from 09.00 hours CET on www.stork.com.
SWISS is to install new seats on its seven Airbus A319 and four A321 aircraft. With the completion of the work next spring, the entire SWISS Airbus A320-family fleet (25 aircrafts) will be equipped with these new and lighter seats.
(Oslo, 16 October) Four British banks have chosen EDB as a supplier of card services for their customers. These contracts represent total business volume of around NOK 25 million over five years, and EDB has won this business against strong competition from other suppliers.
Reykjavik (IFN) Canada's Atlas Cold Storage Income Trust and Icelandic Avion Group have reached an agreement on a friendly transaction under which Avion will boost its offer for all of the outstanding trust units of Atlas to C$7.50 a unit in cash.
Advance Focus Fund Limited announces that its unaudited Net Asset Value (NAV) including income accrued as at the close of business on 13 October 2006 was £34.703 million, representing a NAV of 138.05 pence per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/
BRUSSELS, Belgium, Oct. 16, 2006 (PRIMEZONE) -- AGS Industries GmbH has submitted its programme proposal for the NATO Alliance Ground Surveillance programme in response to a Request for Proposal received from NATO last May. The response confirms the EUR 3.3 billion procurement cost ceiling for a NATO AGS core capability and now places the programme start as an agenda item for action at the upcoming Conference of National Armament Directors (CNAD) meeting at the end of this month.
Odfjell ASA`s third quarter 2006 result will be released on Tuesday 7 November 2006. The results will be published on Oslo Børs at www.newsweb.no as well as made avaliable on www.huginonline.com and on www.odfjell.com. An English conference call will be held the same day at 14:00 with details mentioned below.
Reykjavik (IFN) Iceland's FL Group has secured the sale of its entire shareholding in Icelandair Group, the estimated profit from the sale will be around ISK26 billion (EUR305 million) based on the book value of Icelandair Group at the end of June 2006, FL Group announced on Monday.
Hamburg, Germany | Oxford, UK - Evotec AG (Frankfurt Stock Exchange: EVT, TecDAX 30) today announced that it has signed a research collaboration agreement with Daiichi Pharmaceutical Co., Ltd. (a wholly owned subsidiary of DAIICHI SANKYO COMPANY, LIMITED), Tokyo, Japan, for medicinal chemistry and compound profiling.
Rodamco Europe N.V., the largest publicly listed property investment and management company in the retail sector in Europe, has been informed by ING Real Estate about the delay in opening of the Zlote Tarasy shopping centre in Warsaw, Poland.
Trintech's Healthcare Suite to Optimize Providers' Claims-Payments Transaction Lifecycle and Enable Financial Institutions to Offer More Flexible, Value-Added Services to their Corporate Healthcare Clients
Sparkvöllur verður væntanlega vígður á Blönduósi föstudaginn 20. október. Völlurinn er tilbúinn til notkunar og mun Eyjólfur Sverrisson landliðsþjálfari mæta á svæðið og vígja völlinn ásamt bæjarbúum. Aðalverktaki við völlinn var Trésmiðjan Stígandi en grasið var lagt af verktökum á vegum KSÍ.
Arkitektastofan Arkitektur.is fékk á dögunum alþjóðleg verðlaun fyrir hönnun á byggingu Íþróttaakademíunnar í Reykjanesbæ. Mikil upphefð fylgir þessum verðlaunum en niðurstaða dómnefndarinnar verður kynnt í þremur útbreiddum fagtímaritum sem fjalla um menntamál og skólabyggingar að því er kemur fram í Víkurfréttum
Queen Noor of Jordan, Whoopi Goldberg, Susan Sarandon, Mary J. Blige, Claudia Schiffer, Lucy Liu, Sharon Stone, Billie Jean King, Miky Lee and Robin Herbert, MD Among Honorees; Stevie Wonder, Chaka Khan and Il Divo to Perform
Impax Environmental Markets plc announces that as at the close of business on 12 October 2006 its undiluted net asset value ("NAV") per ordinary share was 102.37p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 101.78p.
From July through to September, 5.8 million film fans opted for the Kinepolis Group. By the end of September 2006, 17.6 million individual film tickets had been sold, corresponding to an increase of 10% on the same period in 2005 (16.0 million).
Zurich/Auckland, October 13, 2006 - Swissport International, the world's leading provider of ground services to the aviation industry, together with partner company Transfield Services New Zealand Ltd, was announced today as preferred bidders by Air New Zealand in the potential outsourcing of the national carrier's ground handling operations at Auckland, Wellington and Christchurch airports. The nomination is subject to contract following a 58-day consultation period between Air New Zealand and labour unions.
Fokker Services has signed an agreement with KLM cityhopper to exclusively provide component maintenance support activities for the extensive fleet of KLM cityhopper. With 55 fleet units, KLM cityhopper is the world's largest operator of Fokker 50, 70 and 100 aircraft. The agreement will run as long as KLM cityhopper operates Fokker aircraft. The contract value for the first five years is between ¤ 80-100 million.
Stórsýningin Tækni og vit 2007, fagsýning tækni- og þekkingariðnaðarins, verður haldin í Fífunni í Kópavogi dagana 8.?11. mars næstkomandi, segir í tilkynningu. Lögð verður áhersla á að kynna það sem hátækni- og þekkingarfyrirtæki hafa upp á að bjóða og skapa umræðu um þennan mikilvæga vaxtarbrodd í íslensku athafnalífi.
(Fornebu, 12 October 2006) "We are proud and extremely happy that our partner for more than 10 years, Muhammad Yunus and Grameen Bank have received this year's Nobel Peace Prize," says Telenor's President and CEO Jon Fredrik Baksaas.
Intelecom Norge AS, a fully owned subsidiary of Consorte Group ASA, has signed an agreement with The Norwegian Labour Inspection Authority for the delivery of an IP based voice-solution to the Authority's 7 regional offices and local inspection offices in Norway.
Reykjavik (IFN) Icelandic investment company FL Group is looking into investment opportunities in the British leisure industry, in restaurants, pubs and gambling companies, FL Group's chief executive Hannes Smarason told IFN on Friday.
Merck & Co., Inc. and H. Lundbeck A/S today announced that submission of a New Drug Application (NDA) for gaboxadol with the U.S. Food and Drug Administration will no longer occur in the first quarter of 2007. The companies plan to submit the NDA in mid-2007.
Reykjavik (IFN) Icelandair is to launch several new routes in the spring next year. The airline said that starting in spring 2007 it will launch service to Bergen, Norway with three flights per week; to Gothenburg, Sweden with two flights per week; and to Halifax, Canada with four flights per week.
Nordic Business Report-October 13, 2006-Swedish cash handling systems developer Axlon Group acquires Chinese components manufacturer HGL Hong Kong Ltd(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
Jena Higher Regional Court confirms Gera District Court ruling in the release procedure ("Freigabeverfahren") - no further right of appeal - capital increase to be pursued as quickly as possible
AMERICAN MARKETS OUTLOOK: U.S. stock markets are set to open flat Friday as investors pause for thought as the Dow Jones Industrial Average nears the 12,000 mark, said Martin Slaney at GFT Global Markets. "There are apparently conflicting comments coming from the Federal Reserve so some indecisiveness in the market is only to be expected," he said. "We are up nearly a thousand points since August; even the most devoted of bulls may take a break here," Slaney added.
(IFN) Marel HF, which holds an 8% stake in Stork, has sent a strong signal at an extraordinary shareholders meeting on Thursday that it's interested in buying Stork's Food Systems, SNS Securities says.
TOKYO (Dow Jones)--Iceland's Kaupthing Bank hf (KAUP.IC) Friday offered Y50 billion of three-year "samurai" bonds via lead managers Daiwa Securities SMBC and Nomura Securities, marking the first samurai offering by an Icelandic firm.
0727 GMT [Dow Jones] Marel HF (MARL.IC), which holds an 8% stake in Stork (39067.AE), has sent a strong signal at an extraordinary shareholders meeting on Thursday that it's interested in buying Stork's Food Systems, SNS Securities says. "It (Marel) wants to be the acquirer of Food Systems and not the target," SNS says. A majority of shareholders, including Marel, Thursday accepted a (non-binding) proposal to break up Stork and sell off certain divisions. Keeps buy rating. Stork -2% at EUR40. (NSP)
* The Group's net sales amounted to SEK 1 054 m (935) during the period. * Operating profit was SEK 82 m (46) and profit before tax was SEK 71 m (45). * Net profit after taxes was SEK 48 m (23) and earnings per share after taxes amounted to SEK 6.12 (3.00). * During the past 12-month period the Group's net sales amounted to SEK 1 404 m (1 242) and profit before tax to SEK 88 m (64). * For 2006, the forecasted profit before tax amounts to approximately SEK 90 m including one-offs amounting to SEK 12 m.
ATLANTA, GA -- (MARKET WIRE) -- October 12, 2006 -- AtheroGenics, Inc. (NASDAQ: AGIX), a pharmaceutical company focused on the treatment of chronic inflammatory diseases, today announced that it expects to release its third quarter 2006 results of operations on Tuesday, October 24, 2006, before the U.S. financial markets open.
VANCOUVER, Canada, October 12, 2006: Western GeoPower Corp., a renewable energy company focused on geothermal energy development, today announced its intention to build a 25.5 megawatt (net) power plant at the Company's Unit 15 leasehold at The Geysers Geothermal Field located 75 miles north of San Francisco, California, with commercial operations projected to commence in late 2009. The proposed plant, to be named Western GeoPower Unit 1, will supply approximately 200,000 megawatt-hours per year of clean, baseload electricity to the California market.
London, England - October 11, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Børs: SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 215,300 of SNSA Common Shares on the Oslo Børs at an average price of NOK 168.73 per share (approximately $25.13 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.
Corio N.V. has found ir. Jan G. Haars willing to take up the position of Chief Financial Officer (CFO) on an interim basis within the Management Board with effect from 12 October 2006. The intention is to appoint Jan Haars as a director of Corio N.V. in the position of CFO after his nomination has been put before the General Meeting of Shareholders to be held on 23 April 2007. His appointment is subject to approval by the Netherlands Authority for the Financial Markets (AFM).
Impax Environmental Markets plc announces that as at the close of business on 10 October 2006 its undiluted net asset value ("NAV") per ordinary share was 101.79p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 101.26p.
Boston, MA, USA and Espoo, Finland -Nokia today announced the Nokia Flexi WiMAX Base Station, an innovation that will revolutionize the way broadband wireless networks will be built while minimizing operating and capital expenditures for broadband wireless operators. The introduction of the Nokia Flexi WiMAX Base Station shows Nokia's engagement in mobile WiMAX and is rooted in the company's global expertise in wireless network deployments.
London (IFN) UK retailer Matalan Wednesday signaled the end of eight years as a publicly-listed company when it agreed an offer from chairman and majority shareholder John Hargreaves, valuing the budget retailer's shares at GBP817.2 million.
Iceland Stock Exchange detects increased interest from abroad. With two data vendors signing up just recently, a new foreign remote member has now joined ICEX. The Board of ICEX has granted JPMorgan Securities Ltd (London) membership to ICEX equities. The new member's code in the SAXESS trading system is JPM. Their membership is effective as of today. ICEX members are now 27, thereof six foreign remote members.
German and French-language arts channel ARTE will be presenting a one-hour documentary this Sunday (October 15) that offers an authentic picture of the daily working life of SWISS's pilots and flight attendants. The film, entitled "Une vie dans le ciel" ("A life in the sky"), will be broadcast at 22:05.
Mainz, Germany - October 11, 2006 - GANYMED Pharmaceuticals AG, a privately held cancer antibody company, announces the appointment of Dr. Thomas M. Rinderknecht as new Chairman of the Supervisory Board and the election of Dr. Alfred Scheidegger as new member of the Supervisory Board. Mr. Rinderknecht also invested an undisclosed amount in a second closing of GANYMED's Series B round in July 2006. He replaced Mr. Felix Hofstetter as Chairman of the Supervisory Board, who joined Migros Ostschweiz as Head of Finance, and Alfred Scheidegger replaced Dr. John Ryan, who joined Cambridge (Mass) based Aveo as Chief Medical Officer.
11 October 2006 - Aker Kvaerner has been awarded a further contract to supply equipment for the white liquor production at Iggesund Paperboard's mill, Iggesunds, in Sweden. The order forms part of the completion of the new white liquor plant at the pulp and paperboard mill.
Reykjavik (IFN) Iceland's central bank governor David Oddsson told IFN on Wednesday that it was too soon to comment on what effects recently announced tax and duty cuts on food products will have on the bank's monetary policy.
Icelandair Group hefur gert samning við Teymi hf, sem felur í sér fjarskiptaþjónustu frá Vodafone og aukið samstarf við Kögun hf, segir í tilkynningu. Samningurinn nær meðal annars til síma- og netþjónustu frá Vodafone; GSM, intertnet, gagnaflutninga og fastlínuþjónustu. Þá mun Icelandair efla enn frekar samstarf sitt við Kögun hf. varðandi þróun lausna og samþættingu upplýsingakerfa.''Síma- og fjarskiptatækni er sífellt vaxandi þáttur í alþjóðlegri flug- og ferðaþjónustu og það er okkar trú að samstarfið við Vodafone muni auka styrk og hagkvæmni á þessu sviði hjá Icelandair Group, auk þess að styrkja enn hið góða samstarf sem við höfum átt við Kögun'', segir Jón Karl Ólafsson forstjóri Icelandair Group.
Reykjavik (IFN) Iceland's Avion Group's offer to acquire all of the outstanding trust units of Atlas Cold Storage Income Trust, due to expire on Tuesday, October 17, will be extended to Friday, October 20, 2006, Avion announced on Wednesday.
By Martin FluckA DOW JONES NEWSWIRES COLUMNLONDON (Dow Jones)--The failure of geopolitical risk to provide much support for oil prices in recent weeks is evidence that some commodities were indeed in bubble territory when they peaked in May.
Finland-based Vacon takes more foothold in South-East Asia by starting operations in Bangkok, Thailand. The Bangkok office will offer service, sales support and training primarily for Vacon's distributors and customers in South-East Asia.
WALTHAM, Mass. October 10, 2006 - OXiGENE, Inc. (NASDAQ: OXGN) (XSSE: OXGN), a leading developer of biopharmaceutical compounds to treat cancer and certain ophthalmologic diseases, announced today that Dr. Richard Chin, its President and Chief Executive Officer, will present at the 4th Annual International Conference on Antiangiogenesis at the Sheraton Boston Hotel in Boston, MA. Dr. Chin will present on Tuesday, October 17, 2006 at 1:30pm ET. Dr. Chin's talk is entitled "Combretastatin and Other Vascular Disrupting Agents: The Other Half of Antiangiogenesis". To date, much attention has been focused on preventing growth of new tumor blood vessels. Ablating or disrupting already existing tumor vasculature, without affecting normal vessels, has been considered to be, in some ways, an even more desirable but difficult goal. Recent clinical data from combretastatin (CA4P) and other vascular disrupting agents (VDA's), however, suggests that this approach may lead to highly effective and potential safer therapies. In addition, recent preclinical work has demonstrated that combining vasculature disrupting agents and traditional antiangiogenic agents may result in better efficacy than either one alone. Combretastatin is one of the leading vascular disrupting agents and Oxi-4503 is a second-generation compound with both vascular disrupting and direct cytotoxic properties. For further information on the conference please refer to www.ibclifesciences.com/antiangio .
London, England - October 10, 2006 - Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Børs: SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 131,050 of SNSA Common Shares on the Oslo Børs at an average price of NOK 169.83 per share (approximately $25.39 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.
Paragon Wireless' hipi-2200(TM) Singled Out for Outstanding VoIP and Telephony Solutions RICHARDSON, TX -- (MARKET WIRE) -- October 10, 2006 -- Paragon Wireless announced today that Technology Marketing Corporation's INTERNET TELEPHONY has named the Paragon Wireless hipi-2200(TM) dual-mode phone as a 2006 Excellence Award winner from INTERNET TELEPHONY magazine.
Impax Environmental Markets plc announces that as at the close of business on 09 October 2006 its undiluted net asset value ("NAV") per ordinary share was 100.94p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 100.49p.
Following its announcement on 30 June, the Board of Antonov plc confirms that Antonov has submitted further detailed information to Great Wall Motor Company ("GWM") in relation to the TX6 programme covering key supplier costs, production investment levels and other key information to support its business case. Although Antonov has now met GWM's requirements, GWM has in the meantime decided to buy proven technology for their first production model.
Ericsson (NASDAQ:ERIC) today announced a contract with Swedish television format company Bringiton AB to provide its Internet Payment Exchange (IPX) service to the upcoming Play Us video gaming docu-drama. Play Us is known for its stars - the female video gamers Les Seules.
Pöyry's Energy business group has been awarded a consulting engineering services contract for the China Utility-Based Energy Efficiency Finance Programme (CHUEE) by International Finance Corporation (IFC). The services will be provided to IFC based on a framework contract over a period of two years. The value of the assignment is not disclosed.
Renewable Energy Corporation ASA (REC) invites you to attend REC's 2006 Capital Markets Day, on 22 November 2006 from 08:30 until 15:30 CET. The event takes place at Felix Konferansesenter, Oslo, Norway.
Houston TX and Boston MA - October 10th, 2006 - Stem Cell Innovations, Inc. (SCLL.OB) announced today that the Company will collaborate with Massachusetts Eye and Ear Infirmary (MEEI). MEEI is an international leader in Ophthalmology and Otolaryngology research and a teaching partner of Harvard Medical School. Under the material transfer agreement, MEEI will evaluate PluriCells(TM) for their capacity to form the human tissues implicated in hearing loss. In return SCI will receive a nonexclusive license to intellectual property generated using the PluriCells.
AMERICAN MARKETS OUTLOOK: U.S. stock markets are set to open flat to lower Tuesday as investors pause to concentrate on corporate news rather than the longer-term implications of North Korea's nuclear test, says Martin Slaney at GFT Global Markets. He adds, "the post-bell confirmation from Google regarding its acquisition of YouTube could give U.S. markets some upwards momentum today."
Ericsson's (NASDAQ:ERIC) High-Performance EDA (VDSL2) solution has been awarded as 2006's best access technology by the International Engineering Consortium (IEC) at Broadband World Forum 2006.
Mr. Heikki Vuonamo, 58 years, having headed Orion's communications since 2003, will move to the Global Sales unit (sales and marketing operations of Orion's pharmaceuticals business) as of 16 October 2006 as Vice President, Media Relations and Societal Affairs. He will report to Mr. Pekka Kaivola, Senior Vice President, Global Sales.
(Oslo, 10 October 2006) The Länsförsäkringar Alliance of regional insurance companies in Sweden has signed a contract to appoint EDB as its total supplier of card services. The contract represents total business volume of at least SEK 50 million and runs for five years. Winning this contract represents a breakthrough for EDB's card services in the Swedish market.
Bergen, Norway, October 10, 2006. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) announces today, that Vizrt graphics will be used during this winters coverage of the Cross-Country Skiing and the Alpine Skiing World Cup. Swiss Timing/ST Sportservice will handle the operations on behalf of the skiing organizations. Swiss Timing has ordered 20 VizlTrio graphic systems to handle the coverage. The systems are for immediate delivery. The skiing season starts at the end of this month. Earlier this month Vizrt has announced that Swiss Timing has selected Vizrt for their Beijing Olympics operation.
Ratos's Annual General Meeting will be held at 5.30 p.m. on 11 April 2007 at Berwaldhallen, Stockholm. In accordance with a resolution at Ratos's AGM held on 4 April 2006, it is hereby announced that the company's major owners have between themselves appointed a Nomination Committee with the Chairman of the Board Olof Stenhammar as the convener. The Nomination Committee comprises the following people:
NEW YORK, NY and STOCKHOLM, SWEDEN -- (MARKET WIRE) -- October 10, 2006 -- Xandros, the leading provider of easy-to-use Linux alternatives to Windows desktop and server products, today announced that it has teamed up with Lindist AB, the leading Linux distributor of the Scandinavian countries, to deliver Xandros' line of Linux desktop and server solutions to major resellers, system integrators and retail channels. The partnership with Lindist emphasizes Xandros' strong interest in the Nordic region and the growing software markets in Sweden, Denmark, Norway and Finland.
NEW YORK and LONDON, Oct. 10, 2006 (PRIMEZONE) -- GlobeOp Financial Services (or GlobeOp(r)), a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms -- including banks, insurance companies, pension funds and proprietary traders, today announced the appointment of Martin Veilleux as chief financial officer. Veilleux also has been named to GlobeOp's management committee and will be based in the Manhattan office.
Espoo, Finland - World leading HSDPA (High Speed Downlink Packet Access) technology from Nokia is powering Vodafone's 3G Broadband network in New Zealand. 3G Broadband gives Vodafone's customers an innovative mobile alternative to fixed broadband so they can stay connected to their email and the Internet whilst having the freedom and convenience to move around the house, the city and even the world.
Espoo, Finland - Nokia and international children's organisation, Plan, have joined forces to use modern communications technologies in Africa to raise children's awareness of their rights and opportunities. Nokia has provided an initial donation of 1 million Euros for 2006. The first stage of this new joint effort will see Nokia focus on supporting Plan's existing media and communications technology projects for Africa's children and youth.
Simrad Optronics ASA expects weaker profits for the year than previously communicated due to non-recurring costs and delays in contracted deliveries. The long term outlook for both of the company's two business divisions remains positive.
(Stavanger October 9. 2006) October 8, Rig#1 spud-in well #103. As reported earlier, the preliminary plan for well #103 is to stop only for Open Hole production testing of the upper zone, the Tournaisian. Thereafter it is planned to drill down to preliminary set total depth of 2246 meters. Production from wells #102 and #103 which are the first wells to be put in production are expected to start producing by early December from the Pashiyan zone on the East Shaltinsky oil field.
Leiden, The Netherlands, October 9, 2006 - Dutch biotechnology company Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) announced today that it has secured a US$ 16.2 million contract from the National Institute of Allergy and Infectious Diseases, part of the U.S. National Institutes of Health (NIH), for the design and development of an HIV vaccine. The contract supports a collaborative program with the Beth Israel Deaconess Medical Center at Harvard Medical School and Charles River Laboratories Inc.
The I.M. Skaugen Group announces a pre-tax profit of USD2.9 mill. for 3Q06. This compares to a pre-tax profit of USD0.7 mill. for 3Q05 and USD0.6 mill. for 2Q06. The result for 3Q06 on an EBITDA basis is USD8.8 mill. (USD10.6 mill. for 3Q05 and USD5.7 mill. for 2Q06).
On 21st June 2006, Deep Sea Supply announced their acquisition of a 20% stake in a newbuilding program for 4 PSVs of design UT 755 LN to be delivered from Cochin Shipyard, India in 2008 and 2009. Project Manager was Platou Finans Shipping AS and the Project was done together with Navigation Finance Corp. and a group of Norwegian investors. For Deep Sea Supply this was an opportunistic investment.
Advance Focus Fund Limited announces that its unaudited Net Asset Value (NAV) including income accrued as at the close of business on 06 October 2006 was £33.940 million, representing a NAV of 135.02 pence per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/
Notification of Major Interests in Shares Pursuant to the obligation placed on us by LR6.6.7 of the Listing Rules, we advise that on 6 October 2006, the Company received notification that Allied Irish Banks plc and its subsidiaries has a notifiable interest in 2,127,400 ICG Units, representing 9.1% of the Company's issued share capital, excluding treasury shares. The breakdown of registered holders has been notified as follows:
Ericsson (NASDAQ:ERIC) is mapping the future of converged broadband by unveiling its full service broadband strategy, based on user convenience and operators' need for minimized risk and fast time-to-market.
Pöyry Plc has been informed on October 9, 2009 that as a result of transactions concluded on October 4, 2006 the total holding of funds under management of Columbia Wanger Asset Management L.P. has decreased to below 1/20 of the share capital and voting rights in Pöyry Plc.
LONDON -- (MARKET WIRE) -- October 09, 2006 -- Spin3 (www.spin3.com), the leading wireless casino system provider powered by Microgaming, the world's largest online gaming software provider, today announced that its SpinLite(TM) stand-alone Tomb Raider Video Slot game is now being distributed across Europe and North America. WirelesStudios, a leader innovator in the wireless entertainment industry, with particular experience in sports betting, gaming interactive applications and gaming technology, is now distributing Tomb Raider Video Slot across its mobile gaming network.
Ericsson (NASDAQ:ERIC) has been selected by Telenor to supply a complete packet core network to enable differentiated delivery of multimedia services in Norway and Denmark. Telenor will get a common platform for both 2G and 3G data traffic with flexible, service aware charging capabilities to increase the average revenue per user and reduce churn.
Heidelberg, October 9, 2006: Heidelberg Pharma GmbH has initiated a clinical phase II study in treatment-naïve HIV infected patients with its Enhanced Pro-Drug Fosalvudine. The objective of this placebo-controlled, double-blind, clinical study is to investigate efficacy, tolerability and pharmacokinetics of Fosalvudine during a 14-day treatment period. Four dose levels will be tested in a total of 44 HIV infected, treatment-naïve patients, who will be enrolled in three subsequent randomization cycles. Patients will be recruited by Dr. Schürmann, Charité Berlin (Germany), and Dr. Cahn, Fundación Huésped, Buenos Aires (Argentina). "It will be investigated to which extent Fosalvudine is capable of reducing the viral load in HIV infected patients. In the event of positive results, an important milestone in the development process will be achieved", commented Dr. Boehm, Chief Development Officer at Heidelberg Pharma GmbH. The results of this clinical study are anticipated in 2007.
The employees of the Schibsted group have this year, as earlier years, been offered to buy shares in Schibsted ASA for up to NOK 6,000 at a discounted price. The price was determined from the average market price during the period August 21st to August 25th minus a 20% discount. This gives a price of NOK 145.40 per share and involves an acquisition of 41 shares. The subscription deadline was September 22nd 2006. The following primary insiders have signed up for this offer:
Schibsted ASA has in relation to an employee share offering sold 41,697 shares to "Stiftelsen Schibstedansattes Aksjekjøp" at a price of NOK 201.50 per share. The holding of own shares after the sale is 3,665,804.
Gouda, The Netherlands, 9 October 2006 - IBM has selected Imtech (technical services provider in Europe) as a partner for Service Oriented Architecture (SOA). SOA is one of the main spearheads of IBM's strategy. It is an innovative concept which enables business processes to be adapted quickly and cost-efficiently to ever-changing market conditions. To support its strategy, IBM has invited ten innovative business partners worldwide to market this new technology as 'innovation leaders'. Imtech is one of these partners and herewith expands its services.
Swissfirst announced today that in the context of the ongoing review of strategic alternatives it has reached an agreement to sell its participation in Swissfirst Bank (Liechtenstein) AG to a group of existing shareholders led by the current Chairman of Swissfirst Bank (Liechtenstein) AG. The transaction is subject to customary closing conditions, the parties have agreed not to disclose the terms of the transaction. Credit Suisse acted as exclusive financial advisor to Swissfirst.
Ísfélag Vestmannaeyja hf. og Vinnslustöðin hf. hafa gert samstarfssamning við ÍBV íþróttafélag um stuðning við starfsemi meistaraflokka og unglingaráða karla og kvenna í knattspyrnu og handknattleik. Samningarnir gilda til ársloka 2008 og voru undirritaðir í lokahófi knattspyrnudeildar ÍBV í gærkvöld. Stuðningur fyrirtækjanna tveggja á samningstímanum er metinn á um 40 milljónir króna og skiptir í raun sköpum fyrir rekstur ÍBV íþróttafélags segir í tilkynningu vegna samningsins.
Leiden, The Netherlands, October 6, 2006. Biotech company Pharming Group NV ("Pharming") (Euronext: PHARM) (PHARM.AS) announced today that it has received a grant from the US FDA's Office of Orphan Products Development (OPD) for the clinical development of recombinant human C1 inhibitor (rhC1INH or Rhucin®) for treatment of attacks of hereditary angioedema (HAE).
Carl Peter Berg, Financial Director in Norse Energy Corp Brazil has on the 6th of October 2006 acquired 40,000 shares in Norse Energy Corp at the rate of NOK 3,8375 per share. After the transaction, Carl Peter Berg controls a total of 40,000 shares and 50,000 options in Norse Energy Corp ASA.
Background This statement is issued by the Board of Directors of Capio AB (publ) ("Capio") pursuant to item II.14 of the Stockholm Stock Exchange Rules concerning Public Offers. On 1 September 2006, Opica AB ("Opica"), a company indirectly jointly owned by funds advised by Apax Partners Worldwide LLP, by Nordic Capital Fund VI and by funds advised or managed by Apax Partners SA, announced an offer to the shareholders in Capio AB (publ) ("Capio") to tender all shares in Capio to Opica for SEK 153 in cash per share (the "Offer"). Opica on 5 October 2006 decided to increase the offer price to SEK 167 in cash per share (the "Increased Offer").
Oslo/Reykjavik - 6 October 2006 - BNbank, subsidiary of Glitnir, has completed the transaction whereby it purchased 45 per cent of shares in the financial advisory group Norsk Privatøkonomi ASA. Norsk Privatøkonomi ASA (NPØ) has 90 employees and operates 12 branch offices in key regions around Norway. Branches are located in Oslo, Bergen, Trondheim, Drammen, Haugesund, Stavanger, Ålesund, Fredrikstad, Kristiansand, Stjørdal, Heimdal, and Sotra. Hence, this acquisition greatly expands BNbank's distribution network, which currently consists of our offices in Trondheim and Oslo," said Gunnar Jerven, CEO of BNbank. - Financial products are becoming more advanced, and the market for financial consultancy is continuously growing. This acquisition combines Norsk Privatøkonomi's strong position in the financial advisory market with BNbank's solid product platform, consolidating the market positions of both companies," added Gunnar Jerven, who expects Norsk Privatøkonomi to join forces with Glitnir subsidiaries UNION Group and Glitnir Kapitalforvaltning and other Glitnir group units in specific projects.
(IFN) Nyhedsavisen, an Icelandic owned Danish free newspaper, reported in its first issue on Friday that members of Dansk Folkeparti's youth branch had poked fun at the Prophet Muhammad at a summer camp this year.
In the Norwegian state budget for 2007, the Norwegian Government proposes that Statkraft SF pay a dividend to the Norwegian state of 98 per cent of the Group's net profit after tax and minority interests.
AMERICAN MARKETS OUTLOOK: U.S. stock markets are set to open lower Friday, in line with U.S. futures trading, ahead of the nonfarm payrolls data due at 1230 GMT, said Angus Campbell at spreadbettor Finspreads.
(Danmark) Erhvervs- og Byggestyrelsen har indgået en aftale med Ementor Danmark A/S om at udvide samarbejdet omkring styrelsens brug af tilskudsadministrationssystemet, TAS. Udvidelsen betyder blandt andet, at Erhvervs- og Byggestyrelsen som den første TAS-kunde overgår til en ny version af løsningen baseret på Microsofts .NET platform og åbne standarder. Aftalen vedrører tilkøb af 100 ekstra brugerlicenser samt systemtilpasninger, implementering og en fem-årig vedligeholdelsesperiode.
Following a number of recent acquisitions, John Menzies plc, the time-critical logistics company, is pleased to announce that Menzies Aviation, its aviation support services subsidiary, has acquired Perth Cargo Centre Pty Ltd ("PCC"), an Australian cargo handling operation.
Songa Venus is currently under contract preparation in Singapore after having been operationally upgraded in Galveston. The estimated time of departure ("ETD") from Singapore has been postponed from late September / beginning of October until approximately October 15. The reason for the delay is due in part to a requirement from the Classification Society to carry out the incline test. The estimated total capital expenditure is increased from USD 33 million to about USD 34 million.
Songa Offshore is happy to announce that when the current CEO Mr. Bob Scott retires at year-end 2006, Mr Asbjorn Vavik (50) will take over as CEO. At the same time Mr. Trond Christensen (45) will take on the position as COO.
Prosafe has been awarded a Letter of Intent ("LOI") by an undisclosed client for the conversion and operation of a Floating Production, Storage and Offloading unit ("FPSO") for a deepwater development.
Royal DSM N.V. has repurchased 915,041 of its own shares in the period from September 28 up to and including October 4, 2006 at an average price of EUR 34.72. This is in accordance with the share buyback program announced on September 27, 2006 that is designed to achieve the desired balance sheet structure. The consideration of this repurchase was EUR 31.8 million.
Zurich, October 6, 2006 - The Conzzeta Group achieved a marked improvement in revenues and profit in the first eight months of the current year. Compared with the corresponding period of 2005, revenues were up by 12% to CHF 791.5 million (previous year: CHF 704.0 million). Adjusted for the effects of acquisitions, divestment of business activities and currency translation, net revenues increased by approximately 15%. All business units contributed to this pleasing growth. Thanks to the proportionately greater increase in the operating result (EBIT), which reached CHF 52.8 million (CHF 35.4 million), and to extraordinary income from the sale of business activities, Group profit rose from CHF 30.1 million to CHF 48.9 million.
sia Abrasives and Sika are intensifying their cooperation in supplying the automotive aftermarket business. To serve this market in Germany they have founded a sales joint venture operating under the name of part GmbH. part is to strengthen the competitiveness of both companies.
TORONTO, ONTARIO -- (MARKET WIRE) -- October 05, 2006 -- Bombardier Aerospace announced today that Northwest Airlines has placed an order for 36 Bombardier CRJ900 aircraft and has taken options on an additional 96, for a total of 132 aircraft if all options are exercised.
VANCOUVER, British Columbia, October 5, 2006 - Maple Seal Homes Ltd. "MSH" the wholly owned Canadian subsidiary of Maisonette International Enterprises Ltd. "the Company" (PINKSHEETS:MAEN) http://www.maisonetteworld.com is pleased to announce that it has been receiving several more inquiries for its panelized prefabricated homes to be shipped in the United Kingdom. The Managing director of MSH, alain Ghiai is flying to Europe next week for a sales oriented trip to Switzerland, the United Kingdom and France in order to meet potential clients who expressed serious interests in ordering Maple Seal Homes before the year end 2006.
LONDON, Oct. 5, 2006 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) today announced that its Mission Systems Europe Ltd subsidiary has secured a new contract with the NATO C3 Agency (NC3A) to provide software support services for the Maritime Command and Control Information System (MCCIS) programme.
The fair value (intrinsic value) of one registered share of Private Equity Holding AG stood at EUR 26.35 (CHF 41.75) as of September 30, 2006, including the reduction of the par value per share of EUR 1.27 (CHF 2.00).
Representatives from SeaDrill Limited ("Seadrill") had a meeting with the Oslo Stock Exchange on Wednesday October 3, 2006 in connection with the Company's offer for the outstanding shares in Eastern Drilling ASA ("Eastern Drilling"). In the meeting, they were made aware of the fact that Oslo Stock Exchange is considering if Seadrill, potentially, has breeched the disclosure requirements in connection with the acquisition of financial cash instruments related to the Eastern Drilling stock.
Bæjarráð Grindavíkur hefur samþykkt að fela bæjarverkfræðingi Grindavíkur að bjóða út fjölnota íþróttahús sem er að stærð um 50 x 70 metrar og staðsett verði austan stúkubyggingar. Það eru Víkurfréttir sem greindu frá þessu.
As of September 15, 2006, ICA-handlarnas Förbund, SEB Fonder and Handelsbanken Fonder are the three largest shareholders in Hakon Invest and therefore have the possibility to nominate members to the Nomination Committee. All of the shareholders have exercised their right to nominate members.
Geneva, October 5, 2006. The profession of air traffic controller has been officially recognised by the Swiss Federal Office for Professional Education and Technology (OPET). The Federal Commission for Colleges of Higher Vocational Education and Training has approved the basic curriculum submitted, which the Skyguide Training Center will be adopting for its next three-and-a-half-year training course commencing October 23. In view of the new official acceptance, trainee controllers will now submit a diploma paper at the end of their course, and will be awarded a Swiss federal diploma upon its completion.
Berlin, October 5, 2006 - Jerini AG (FSE:JI4) announced today that Dr. Jochen Knolle, Chief Scientific Officer and Head of R&D at Jerini, and Dr. Adi Hoess, Chief Commercial Officer at Jerini, along with hereditary angioedema (HAE) medical specialists Dr. Werner Aberer (Graz, Austria), Dr. Marco Cicardi (Milan, Italy), and Michel Raguet (HAE patient organization in France) will hold a press conference on October 6, 2006, at 10:00 a.m. (EEST) in Rhodes, Greece. The press conference will give an overview of the genetic disease HAE and outline top line results of Jerini's recently completed Phase III clinical trials of Icatibant in the treatment of HAE.
Real estate investment company Sponda Plc is purchasing office premises in Ruoholahti, Helsinki, from Realinvest Oy at a price of EUR 10.4 million. The price will be paid approximately two years after the transaction date, on 30 June 2008. The property is located at Porkkalankatu 7 and at the time of purchase has an occupancy rate of 30 %. The property has a leasable area of 5 455 m2.
Fortis and An Post announced today that they have signed a final agreement for the creation of a joint venture in the financial services sector. The new retail bank will offer a broad range of financial products and services to the Irish market, including daily banking, savings products, insurance, mortgages, credit cards - in short, everything that can be expected from a first-class retail bank.
Espoo, Finland - The use of modern mobile phone technology in current public transport systems is being tested in Tampere. The trial will also collect experiences to be utilized in revamping the Tampere City ticket system.
Wiesbaden, October 05, 2006 - The technology company The Linde Group has received an order from Wesfarmers Limited for the lump sum turn-key installation of a small scale LNG (Liquefied Natural Gas) plant in the Kwinana industrial zone close to Perth, Western Australia. The order value exceeds 40 million euro. Wesfarmers Limited is a major diversified Australian public company with operating interests in home improvement products and building supplies, coal mining, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizer manufacture and insurance.
(Trondheim, Norway, 5 October 2006) The Telenor Research Prize of NOK 250,000 has been awarded to Professor Petri Mähönen at the RWTH Aachen University, Germany. The winner was presented by Morten Karlsen Sørby, Head of Telenor's Nordic Operations at the Technoport Awards event in Trondheim 4th of October.
(Munich, 5 October 2006). Germany's leading mortgage broker, Munich-based Interhyp AG, and Cortal Consors, pioneer among online banks in Germany, will join forces in delivering mortgage brokerage services. This long-term co-operation starting today will provide over 500,000 customers of Cortal Consors in Germany with access to mortgage offers from over 40 banks, objective, independent advice and interest rates which are on average 0.5% lower than those of traditional high street banks.
By Howard WheeldonA DOW JONES NEWSWIRES COLUMNLONDON (Dow Jones)--Three months into the job of being Airbus CEO, and you have to wonder whether Christian Streiff now has regrets about the huge task he has taken on.
By Martin FluckA DOW JONES NEWSWIRES COLUMNLONDON (Dow Jones)--Partygaming CEO Mitch Garber has suggested his company's stock is oversold after its recent 60% plunge because American casino operators like MGM Mirage and Harrah's Entertainment might now be interested in buying into the U.K. Internet gambling sector.
Reykjavik (IFN) Iceland's Atorka Group has objected to The Icelandic Stock Exchange's (ICEX) decision to fine the company ISK2.5 million (EUR28,535), for a misleading first half result presentation, Atorka said in a public statement.
Nuclear Engineering Limited (NEL), located in Osaka Japan, has contracted Studsvik to deliver the GARDEL core monitoring software system for implementation at 11 operating Pressurized Water Reactor (PWR) units in Japan.
MIAMI, FL - ( MARKET WIRE ) - October 3, 2006 - Bogue International, Inc. (PINKSHEETS:BGUE) is pleased to announce that its joint venture partner JAB Mexico, Inc. has signed an agreement with Mineria y Energia del Noreste, S.A. of Monterrey, Mexico.
Today Mr John Kuik has resigned as CFO of Corio N.V. as a result of differences of opinion regarding policy matters. Corio will search for a replacement as soon as possible and in the meantime Mr Jan de Kreij will temporarily take over his tasks and responsibilities.
Impax Environmental Markets plc announces that as at the close of business on 02 October 2006 its undiluted net asset value ("NAV") per ordinary share was 99.98p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 99.45p.
Bergman & Beving AB has today acquired 2,800 class B shares in Bergman & Beving AB at an average price of SEK 152.18 per share. Bergman & Beving AB consequently now owns a total of 716,900 class B shares in the Company. This is equivalent to 2.5 percent of the total number of shares outstanding and 1.9 percent of the votes in Bergman & Beving AB. The purpose of holding repurchased shares in treasury is to secure the Company's obligations under the Group's incentive programmes. The total number of shares outstanding in Bergman & Beving AB, including the Company's holding of own shares in treasury, amounts to 28,436,416.
In accordance with its obligations under LR 15.4.11, Advance Developing Markets Trust plc announces that, as at the close of business on 30 September 2006, 0.59% of its gross assets was invested in other listed investment companies (including listed investment trusts) which themselves did not have stated investment policies to invest no more than 15% of their gross assets in other listed investment companies (including listed investment trusts). A list of these is given below:
Crosshair Exploration and Mining Corp. (TSX-V: CXX) (the "Company") is pleased to announce drilling results from the B Zone and Area 1 on the Moran Lake property in the Central Mineral Belt of Labrador. Drilling at the B Zone successfully intersected significant zones of uranium mineralization including 7.56m of 0.269% and 9.44m of 0.10% U3O8. Drilling at the B-Zone was carried out 3.5 km NE of the existing C Zone 43-101 uranium resource. Drilling at Area 1 intersected significant uranium mineralization in 10 holes including 11.02m of .078% and 5.23m of 0.10% U3O8. (Maps posted on the company website - http://www.crosshairexploration.com/s/Addenda.asp?ReportID=152215)
CENTENNIAL, COLORADO and VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- October 03, 2006 -- POWERTECH URANIUM CORP. ("Powertech" or the "Company") (TSX VENTURE: PWE) (FWB: P8A) is pleased to announce it has purchased from Anadarko Land Corp., an affiliate of Anadarko Petroleum Corporation (Anadarko) (NYSE: APC), approximately 5,760 acres of uranium mineral rights in Weld County, Colorado (the "Centennial Project"). The Centennial Project was discovered and evaluated by Rocky Mountain Energy Company (RME), a predecessor of Anadarko. This evaluation consisted of drilling, geologic interpretation, hydrology studies, assaying and mine planning.
Impax Environmental Markets plc announces that as at the close of business on 29 September 2006 its undiluted net asset value ("NAV") per ordinary share was 101.15p. The diluted NAV per ordinary share (assuming full conversion of all outstanding warrants) was 100.48p.
Houston TX, USA and Enschede, The Netherlands - October 3rd, 2006 - Stem Cell Innovations, Inc. (SCLL.OB) announced today that the Company has initiated a collaboration with the University of Twente (the Netherlands) to explore the bone forming properties of PluriCells(TM). Under the material transfer agreement, the University of Twente will get access to Stem Cell Innovations' (SCI) proprietary human pluripotent stem cell technology and know-how. In return SCI will receive a nonexclusive license to intellectual property generated with the PluriCells.
Reykjavik (IFN) According to an agreement between FL Group and Glitnir, Glitnir will underwrite and sell 51% of shares in Icelandair Group, after performing due diligence, FL Group announced on Wednesday.
London, UK: 3 October, 2006 - Cancer drug developer Antisoma plc (LSE: ASM; USOTC: ATSMY) today announces that three Non-Executive Directors of Antisoma have taken part of their fees for the quarter ended 30 September 2006 in shares pursuant to resolutions of the Board of Directors dated 14 September 2004 and subsequently.
Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A and TEL2 B), Europe's leading alternative telecoms operator, today announced that it has sold its fixed and broadband businesses in France to SFR. SFR will pay cash and will acquire these businesses on a debt free basis, for approximately BSEK 3.3. Tele2's French mobile business is being retained by Tele2. The sale of the French fixed line and broadband business will result in a capital loss of BSEK 1. Meanwhile, Tele2 has made a valuation of the group's remaining goodwill and has decided to book a loss related to that, of BSEK 3.0 to 3.5 in the third quarter, 2006. The reported losses will have no cash effect on Tele2 but are adjustments of the current values from the SEC acquisition in 2000.
Espoo, Finland - Nokia's corporate research unit, Nokia Research Center, celebrates today its 20th anniversary at its global headquarters in Helsinki, Finland. Established in 1986, the research center today employs a diverse group of 1,100 researchers located in Finland, China, Germany, Hungary, Japan and the United States.
Reykjavik (IFN) Century Aluminum Co continues to expect its aluminum smelter at Grundartangi, Iceland, will reach its full, rated annual capacity of 220,000 metric tonnes by the end of the current year.
NEW YORK, NY -- (MARKET WIRE) -- October 02, 2006 -- Finacity Corporation ("Finacity") announced today the successful closing of a securitization transaction effective September 27, 2006, with Alliance One International, Inc. (NYSE: AOI) as the originator and servicer, and Finacity as the structuring agent, SPE-sponsor and ongoing information reporting agent. The three-year facility covers selected receivables from the sale of agricultural commodities to some two dozen non-OECD domiciled customers. The facility is expected to provide AOI with risk-mitigated monetization of up to US$55 million from time to time through the ongoing securitization of trade receivables generated by Swiss-based AOI AG.
In accordance with the relevant stock exchange regulations (Börsengesetz Art. 21) Private Equity Holding AG announces that a group represented by Dr. Peter Derendinger, ALPHA Associates AG, together holds 405,199 registered shares, which corresponds to 10.00% of the voting rights after the cancellation of 450,000 treasury shares as of September 27, 2006.
Advance Focus Fund Limited announces that its unaudited Net Asset Value (NAV) including income accrued as at the close of business on 29 September 2006 was £33.523 million, representing a NAV of 133.36 pence per share. The investments in the Company's portfolio have been valued at bid price in the above calculations. Visit our website at http://www.pro-asset.com/
Aurora Investment Trust plc announces that its unaudited Net Asset Value (NAV) as at 30 September 2006 was £34.110 millions, representing a NAV of 225.79p per share. The investments in the Company's portfolio have been valued at bid market price in the above calculations.
Heidelberg, Germany, 2 October, 2006. Privately-held Heidelberg Pharma GmbH has raised 16 million EUR (20 million USD) in a series B-Round subscribed by existing shareholders. HDP Beteiligungs GmbH, as the major shareholder, increased its stake in Heidelberg Pharma GmbH to approximately 86 % with a cash contribution of 16 million EUR or 20 million USD. Including the earlier series A-round, Heidelberg Pharma has now raised a total of 41 million EUR or 52 million USD. HDP-Beteiligungs GmbH, advised by Dievini GmbH, represents the interests of Dietmar Hopp and his family. Dietmar Hopp is the founder and former CEO of SAP AG.
Kemira Oyj's acquisition of the American chemical company Cytec Industries, Inc.'s water treating and acrylamide business has been confirmed. Apart from the Botlek production plant located in the Netherlands, the transfer of the rest of Cytec's water treating and acrylamide business to Kemira ownership has been confirmed. The completion of the acquisition of the Botlek unit is expected to take place in early 2007.
Reykjavik (IFN) Innovate Holdings Limited, in which Iceland's Avion Group holds a majority interest via its Eimskip division, has acquired the entire share capital of Corby Chilled Distribution Limited, Avion announced on Monday.
2 October 2006 - Aker Kvaerner has secured a boiler contract in Asia, and a letter of intent to provide three power boilers to a separate customer in France. The combined orders are worth approximately EUR 100 million to Aker Kvaerner.
Godalming UK, 2 October 2006: Sinclair Pharma plc ("Sinclair") the international specialty pharmaceutical company and Intendis GmbH ("Intendis") have concluded a marketing agreement for its atopic dermatitis (eczema) product, AtopiclairTM for eight major territories in the EU and worldwide.
(Oslo, 2 October 2006) Block Watne Gruppen secured a net order intake of NOK 142.2 million during September, compared with NOK 202.2 million for September 2005. This represents a decrease of 29.7 per cent.
Oslo, 2 October 2006 - Telenor and the banking industry enter into a unique agreement to make life simpler for millions of Norwegians. Banking and payment services will be available via a mobile phone, anytime and anywhere.
Yara International ASA's third quarter results 2006 will be released on Friday 20 October, 2006. The results will be available at www.yara.com and in the reception at Bygdøy alle 2, Oslo from 08:30 CET.
London (IFN) Icelandic investment company FL Group is close to an agreement to sell Icelandair to Olafur Olafsson, the Icelandic investor, in a deal worth GBP350 million to GBP500 million, The Financial Times (FT) said on Monday.
Carlsbad, CA, and Geneva, Switzerland, October 2, 2006, - Micromet, Inc. (NASDAQ: MITI), a biopharmaceutical company focusing on the development of novel, proprietary antibody-based products for cancer, inflammatory and autoimmune diseases, and Serono (virt-x: SEO and NYSE: SRA) today reported on the outcome of two phase II trials testing the activity of adecatumumab (MT201) in metastatic breast cancer and in prostate cancer, respectively. Adecatumumab originated at Micromet and is developed in collaboration between Micromet and Serono. The product candidate, a fully human monoclonal antibody targeting tumor cells overexpressing the epithelial cell adhesion molecule (EpCAM), was assessed as a single agent for efficacy and safety in patients with EpCAM-positive metastatic breast cancer (N=109) and in patients with prostate cancer (N=84). The studies tested adecatumumab at two dose levels in patients with high and low EpCAM expression. The results suggested dose dependent activity of adecatumumab as well as a dependency on relevant levels of target expression.