Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Epic & Msn data
Epic ASX
Time: 08:09:00
Mid Price: 2857.59
Change Today:
Change % Today:
Fifty Two Week High:
Fifty Two Week Low:
Market Capital:
Period & price data
Period Price
Now: 2857.59
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: All Share Index
Sector: General Mining
Epic: ASX
News: Latest news
Web Site: UK Market Wrap
Other Articles: 10-03-201010-03-201009-03-2010

Wednesday, December 16, 2009

Morning news wrap: AstraZeneca, Petrofac, Punch Taverns, Drax Group, Allocate Software

company news image

In the FTSE 100, oil & gas facilities and services provider Petrofac (LSE: PFC) said it would most likely deliver profit after tax for the full year of US$330 million, representing a 25% year on year increase.

Pharmaceutical company AstraZeneca (LSE: AZN) said that the FDA (food and Drug Administration) voted that the company had established sufficient benefit to offset the observed risk to support the use of CRESTOR (rosuvastatin calcium) in individuals meeting certain criteria. The review is a part of the FDA’s evaluation of the supplemental New Drug Application filed by AstraZeneca in April this year.

In the FTSE 250, pub operator Punch Taverns (LSE: PUB) released a management statement, saying that last years challenges continued into this year and that trading would remain tough.

Drax Group (LSE: DRX) said it now anticipated the full year EBITDA (earnings before interest, taxed, depreciation and amortisation) to be “modestly ahead” of market expectations.

In AIM, direct marketing software developer smartFOCUS (AIM: STF) said the results for the current financial year would be ahead of expectations following its recent announcements of contract wins including LV= and Rank.

Allocate Software (AIM: ALL) has completed the acquisition of Swedish Provider of time management software Time Care AB for £8.7 million. The company successfully raised approximately £8.3 million through a cash placing of 15,100,000 new ordinary shares at 55.0 pence per New Share to help fund the acquisition with the balance being satisfied from the company's existing cash resources.

NewsNow icon AddThis Feed Button
Register here to be notified of future UK Market Wrap articles.

Other UK Market Wrap articles

More articles ►

Other UK Market Wrap news

More news ►

Investors interested in UK Market Wrap recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.