Proactiveinvestors recommends
Pdf

Morning news wrap: Standard Life, Tullow Oil, Interserve, Guld Keystone Petroleum

10th Mar 2010, 8:10 am Morning news wrap: Standard Life, Tullow Oil, Interserve, Guld Keystone Petroleum

In the FTSE 100, insurer Standard Life (LSE: SL) said its full year profits declined just 2% to £919 million.

Oil and gas producer Tullow Oil (LSE: TLW) also released its full year results today, saying that revenues were down 16% to £582 million, while pre-tax profits plummeted 93% to £20 million.

In the FTSE 250, building group Interserve (LSE: IRV) has secured contracts in the UK and through its Middle East associates worth over £200 million.

In AIM, healthcare workforce optimisation solutions provider Allocate Software (AIM: ALL) said it has secured eight new NHS contracts for MAPS Healthroster in Q3, taking the total NHS e-Rostering customer base to 105 trusts, 69 acute trusts, 21 mental health trusts and 15 primary care trusts.

Gemfields (AIM: GEM) said revenue from emerald sales amounted to US$12 million in the first half of the current financial year, compared to US$344,063 in H1 2008.

Europe focused oil and gas developer Ascent Resources (AIM: AST) has tested and completed the PEN-101 well, in the Penészlek area of the Nyírség exploration permits in eastern Hungary.  Once the rig has departed the site, the PEN-105 well will commence production to sales.

Iraq and Algeria operating Gulf Keystone Petroleum (AIM: GKP) said it has renegotiated with the Kurdistan Regional Government to reorganise the Company's interest in Gulf Keystone Petroleum International following a material default by ETAMIC.

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.