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Morning news wrap: BP, Standard Chartered, BHP Billiton, AstraZeneca, Amec, G4S

4th May 2010, 7:50 am Morning news wrap: BP, Standard Chartered, BHP Billiton, AstraZeneca, Amec, G4S

In the FTSE 100, security services group G4S (LSE: GFS) said its overall revenues grew 4% in Q1 at constant exchange rates and 2.1% at actual exchange rates.

The world’s largest miner BHP Billiton (LSE: BLT) said it was “disappointed” with the Australian Government's plan to impose a new resource rent tax.

Bank Standard Chartered (LSE: STAN) said it had a very strong start to the year, with income and profit both higher than in the first quarter of 2009.

Oil and gas engineering firm Amec (LSE: AMEC) has won a contract from Chevron subsidiary Cabinda Gulf Oil Company Ltd (CABGOC) to perform front-end engineering design (FEED) for a significant portion of the Mafumeira Sul project, offshore Cabinda Province, Angola.

Pharmaceutical company AstraZeneca (LSE: AZN) said the US Food and Drug Administration (FDA) has approved VIMOVO (naproxen and esomeprazole magnesium) delayed-release tablets.

Commercial property company British Land (LSE: BLND) and the Blackstone Group have confirmed that Bluebutton Properties has entered into exclusive non-binding heads of terms to construct UBS a new building on the site of 4 and 6 Broadgate, thereby retaining UBS as a key occupier on the Broadgate Estate.

Oil and gas supermajor BP (LSE: BP) said that work had begun to drill a relief well to intercept and isolate the oil well that is spilling oil in the US Gulf of Mexico.

In AIM, Orosur Mining (AIM: OMI) said that Gladiator Resources (ASX: GLA) has exercised its option to earn an interest of up to 80% in the iron ore, manganese ore and base metals in OMI’s project area in the Isla Cristalina Belt in Uruguay.

Nickel and iron ore exploration junior Landore Resources (AIM: LND) said drilling continued to intersect widespread gold mineralization on the Junior Lake-Lamaune Gold Prospect.

Diamond miner Stellar Diamonds (AIM: STEL) has reached agreement with Petra Diamonds Limited to acquire Petra's interest in the Kono kimberlite project in Sierra Leone.

Philippines focused nickel and copper miner Metals Exploration (AIM: MTL) said feasibility study confirmed the viability of a project producing an average of 96,700 ozs of gold per annum over a mine life of 10.4 years.

Latin America operating power producer Rurelec (AIM: RUR) has said the 50.001% interest in Empresa Guaracachi S.A. held by Rurelec subsidiary Guaracachi America, Inc has been nationalised and transferred to ENDE, the state power company.

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