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Morning news wrap: 888 Holdings, Kingfisher, Carillion, Gem Diamonds Limited

Last updated: 07:03 22 Dec 2009 GMT, First published: 08:03 22 Dec 2009 GMT

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In the FTSE 100, retailer Kingfisher (LSE: KGF) announced its delisting from NYSE Euronext, which will take effect on 29 January 2010.

In the FTSE 250, 888 Holdings (LSE: 888) has agreed to acquire Wink Online Bingo business from Daub Limited for a base price of £11 million in cash. The total maximum consideration payable by 888 is capped at £59.7 million.

Carillion (LSE: CLLN) has landed a £157 million public private partnership contract to design, build, finance and maintain Phase 1b of the Centre for Addition and Mental Health in Toronto.

Gem Diamonds Limited (LSE: GEMD) has that its Kimberley Diamond Company NL has entered into an agreement with Tiffany & Co’s subsidiary Laurelton Diamonds for the supply and sale of its fancy yellow diamond production from the Ellendale mine.

In AIM, Fusion IP (AIM: FIP) said Mesuro Limited has satisfied all the milestones set out in the last investment round in April 2009 and will draw down the final £350,000 from Fusion. The draw will take Fusion’s shareholding in Mesuro to 49% and will result in a valuation uplift for Fusion of £600,000.

Philippines focused Metals Exploration (AIM: MML) has said that step-out drilling at its Runruno gold project has identified gold and high grade molybdenum mineralised intersections.

NetPlay TV (AIM: NPT) has completed the acquisition of Abstract Games Ltd.

Europe focused oil and gas developer Ascent Resources (AIM: AST) has it planned to re-drill the Fontana-1 well in January 2010. The original well experienced mechanical problems after reaching the target depth.

Australian gold and copper prospector Solomon Gold (AIM: SOLG) has completed the acquisition of Acapulco Mining.

Avocet Mining (AIM: AVM) announced the first gold production at its Inata mine in Burkina Faso.

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