DNO International ASA: DNO International ASA – Mandatory Notification of Trade

July 30, 2010 By Leave a Comment

Company controlled by Chairman of the Board of DNO International ASA, Berge Gerdt
Larsen, has on Wednesday 28 July 2010 bought 112 417 shares in DNO International ASA at
a price of NOK 8.39 per share.

Following this transaction, shareholdings in DNO International ASA controlled by the
Chairman totals 27 214 921 shares, representing 3,0 % of total shares in the company.

DNO International ASA
29 July 2010

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

Filed Under: International News Tagged With: , , , , , , , , , , , ,

Australia’s Mitchell recommends $324 mln Aegis bid

July 30, 2010 By Leave a Comment

July 29 (Reuters) – Australia’s Mitchell Communication Group (MCU.AX) said on Thursday its board had agreed to accept a A$363 million ($324 million) takeover bid from British media buying group Aegis (AEGS.L).

The company said Aegis had offered A$1.20 per share including options and performance rights.

Mitchell shares were earlier placed in a trading halt as Britain’s Daily Telegraph newspaper flagged the deal. The stock last traded at A$1.04. (Reporting by Michael Smith; Editing by Balazs Koranyi)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , ,

Indonesia’s United Tractors posts flat H1 net profit

July 30, 2010 By Leave a Comment

July 29 (Reuters) – PT United Tractors (UNTR.JK), Indonesia’s biggest heavy equipment provider, posted a 0.8 percent rise in its first half 2010 net profit on Thursday, as revenues climbed but costs increased.

The firm, Indonesia’s largest mining contractor, posted a 1.888 trillion rupiah ($209.8 million) net profit in the first half of the year, versus 1.873 trillion rupiah a year earlier.

The company’s net revenue climbed 30 percent to 18.08 trillion rupiah.

Indonesia is expected to post economic growth of around 6 percent this year, driven by exports of resources that need heavy machinery, as well as increasing consumer demand.

Shares in United Tractors, which has a market cap of $7.3 billion, gained 21 percent in the first half of the year, outperforming the 15 percent rise in the Jakarta stock index .JKSE. (Reporting by Janeman Latul, Editing by Neil Chatterjee)

Filed Under: International News Tagged With: , , , , , , , , , , , , , ,

UPDATE 1-Methanex Q2 profit misses estimates

July 30, 2010 By Leave a Comment

July 29 (Reuters) – Methanex (MX.TO), the world’s largest producer of methanol, posted a lower-than-expected quarterly profit late Wednesday, hurt by a lower price environment and a two-month outage at its Atlas plant in Trinidad.

For the second quarter, the company earned net income of $11.7 million, or 13 cents a share, compared with a loss of $5.7 million, or 6 cents a share in the year-ago period.

Analysts were expecting a profit of 17 cents a share, according to Thomson Reuters I/B/E/S.

While revenue jumped 83 percent to $448.5 million, cost of sales and operating expenses also rose 78 percent to $391.9 million. Average realized price per tonne fell to $284 from $305 in the first quarter.

The company said its produced product inventories at the end of the second quarter was lower by 135,000 tonnes compared to the first quarter due to the 60-day outage at its Atlas facility.

This will likely lead to lower sales volumes of produced product and higher cost of sales in the third quarter compared with the second quarter, the company said.

Shares of Methanex closed at C$23.55 Wednesday on Toronto Stock Exchange. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Valerie Lee)

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Panasonic extends fall after share offering report

July 30, 2010 By Leave a Comment

July 29 (Reuters) – Shares in Panasonic Corp (6752.T) extended losses after Reuters reported it plans to raise up to 500 billion yen ($5.7 billion) in a new share issue to help it finance a buyout of units Sanyo Electric (6764.T) and Panasonic Electric Works (6991.T). [ID:nTFD006495][ID:nLDE66R2CC]

Panasonic shares were down 8.3 percent at 1,070 yen. (Reporting by Sachi Izumi)

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Schibsted: Schibsted ASA (SCH) – Allotment of shares in connection with performance based share acquisition programme

July 28, 2010 By Leave a Comment

Schibsted has allotted shares to participants in the Group’s performance based share
acquisition programme for 2010.

In the new share acquisition programme, each participant is granted a defined Basic
amount, which is a fixed per cent of the basic salary. 1/3 of the Basic amount, after
tax, must be used to acquire Schibsted shares. These shares are now allotted to the
participants in the programme.

The rest, up to 2/3 of the amount, must be earned over a three years period. It will
only be earned in full if certain financial results in the individual business unit are
reached.

Please find attached overview of the number of shares allotted to primary insiders
through pay out of the share acquisition programme’s Basic amount and their total
holding of shares.

For further details of Schibsted’s performance based share acquisition programme, please
refer to the stock exchange notice dated 20 April 2010 and Declaration regarding the
determination of salary and other remuneration to managers, published the same day.

Oslo, 27 July 2010

SCHIBSTED ASA

Jo Christian Steigedal

VP Investor Relations

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , ,

Seoul shares end lower, weighed by techs

July 28, 2010 By Leave a Comment

July 27 (Reuters) – Seoul shares were mixed on Tuesday after gains in automakers such as Hyundai Motor (005380.KS) were offset by falls in technology stocks such as Hynix (000660.KS) after the index reached a new 2-year high.

The Korea Composite Stock Price Index (KOSPI) ended 0.04 percent lower at 1,768.31 points, after earlier rising as high as 1,778.72 points, a fresh 25-1/2-month closing high. (Reporting by Jungyoun Park; Editing by Jacqueline Wong)

Filed Under: International News Tagged With: , , , , , , , , , , ,

Taiwan stocks end down; Formosa at 2-mth low

July 28, 2010 By Leave a Comment

TAIPEI, July 27 (Reuters) – Taiwan stocks ended down 0.5
percent on Tuesday, led by losses in Formosa Petrochemical
(6505.TW) after the refinery shut down its local refinery complex
following a fire.

The main TAIEX share index closed down 39.44 points
at 7,748.01, as plastic shares .TPLI dropped 2.8 percent, the
biggest losing sector.

Formosa, the region’s fifth-largest refinery, fell 1.8
percent to a two-month closing low.
(Reporting by Faith Hung; Editing by Jacqueline Wong)

Filed Under: International News Tagged With: , , , , , , , , , , , ,

KKR shares look undervalued – Barron’s

July 26, 2010 By Leave a Comment

July 25 (Reuters) – Some value-attuned hedge-fund managers are dissecting KKR’s business in a way that makes it look undervalued, Barron’s reported in its July 26 edition.

The long-anticipated U.S. stock debut of Kohlberg Kravis Roberts & Co (KKR.N) had proved a disappointment in mid-July as investors shied away from the private equity firm that made its name with the leveraged buyout of RJR Nabisco in 1988. [ID:nN15209250]

KKR debuted at $10.50, and has traded lower from there, in part due to some apparent technical selling by investors unable to exit the stock when it was listed in Europe, the paper said. It closed Friday at $9.50.

The newspaper also urged investors to try valuing potential future performance fees on the $27 billion of deals housed in the company’s private-equity funds and those of deals not yet done and funds not yet raised. (Reporting by Dhanya Skariachan; Editing by Diane Craft)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , ,

Nikkei posts fifth day of losses; eyes on yen

July 23, 2010 By Leave a Comment

July 22 (Reuters) – Japan’s Nikkei slipped 0.6 percent to its fifth straight day of losses and a three-week closing low on Thursday, hurt by a stronger yen after Federal Reserve Chairman Ben Bernanke expressed concern about the U.S. economy.

Investors awaiting the results of European bank “stress tests” later this week were closing positions, while the yen’s rally hit shares of exporters.

The benchmark Nikkei .N225 shed 57.95 points to 9,220.88, its lowest close since July 2, while the broader Topix lost 0.5 percent to 825.48.

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Seoul shares slip 0.8 pct as techs lose ground

July 23, 2010 By Leave a Comment

July 22 (Reuters) – Seoul shares fell on Thursday as blue chip technology stocks such as Samsung Electronics (005930.KS) slid amid mounting concerns a slowing global recovery may lead to a slump in sales.

The Korea Composite Stock Price Index (KOSPI) closed down 0.76 percent at 1,735.53 points.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

Filed Under: International News Tagged With: , , , , , , , , , , , , ,

Seoul shares rise on earnings expectations

July 21, 2010 By Leave a Comment

Foreign investors were sellers of a net 24 billion won worth
of stocks.

Advancers outnumbered decliners 437 to 342 and 93 issues
ended flat.

Trading volume was 302 million shares worth 4.8 trillion won,
compared with 277.7 million shares worth 4.5 trillion won in the
previous session.

The KOSPI 200 Sept futures index KSc1 ended up 0.90 points
at 226.50, and the KOSPI 200 spot index .KS200 rose 0.52 points
to 225.84.

The junior Kosdaq market .KQ11 ended 0.25 percent higher at
499.72.

Move on day +0.28 percent

12-month high 1,757.76 26 APRIL 2010

12-month low 1,447.11 20 JULY 2009

Change on yr +3.21 percent

All-time high 2,085.45 1 NOV 2007

All-time low 93.10 6 JAN 1981

Filed Under: International News Tagged With: , , , , , , , , , ,

Seoul shares rise on earnings hope;Hyundai Motor up

July 21, 2010 By Leave a Comment

July 20 (Reuters) – Seoul shares rose 0.3 percent Tuesday on expectations that major exporters such as Hyundai Motor (005380.KS) would report robust earnings.

The Korea Composite Stock Price Index (KOSPI) gained 0.28 percent to 1,736.77 points.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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Hafslund: HNA/HNB – Mandatory notification of trade

July 21, 2010 By Leave a Comment

Chief Financial Officer, Finn Bjørn Ruyter, has 19 July bought 3,000 shares of class A
at a price of NOK 59.50 in Hafslund ASA. After this, Mr Ruyter owns 5,000 A-shares in
Hafslund ASA.

Hafslund ASA

Oslo, 20 July 2010

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

Filed Under: International News Tagged With: , , , , , , , , , ,

UPDATE 1-E2v sees FY performance at upper end of its view

July 20, 2010 By Leave a Comment

July 19 (Reuters) – British electronic component maker e2v Technologies Plc (E2V.L) said trading since March 31 was ahead of last year and it expected performance for the current financial year to be at the upper end of its estimates, helped by strong demand and order book.

The company said its order book for delivery over the next 12 months as on June 30 stood at 146 million pounds ($223.2 million), compared with 127 million pounds last year.

The increase in order book reflects improved underlying demand from certain sectors, e2v said.

Although overdue orders have reduced, they are still at an unusually high level and should return to normalised levels during the third quarter of this financial year, the company said in a statement.

Shares of e2v were up 0.8 percent at 63 pence at 0717 GMT on Monday on the London Stock Exchange. ($1=.6541 pound) (Reporting by Juhi Arora in Bangalore; Editing by Unnikrishnan Nair) ((juhi.arora@thomsonreuters.com; within UK +44 207 542 7717; outside UK +91 80 4135 5800; Reuters Messaging: juhi.arora.reuters.com@reuters.net))

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Seoul shares slip; falls limited by China gains

July 20, 2010 By Leave a Comment

Retail investors picked up a net 126.8 billion won worth of
shares.

Decliners outnumbered advancers 486 to 302 and 81 issues
ended flat.

Trading volume was 277.7 million shares worth 4.5 trillion
won, compared with 370.4 million shares worth 5.9 trillion won in
the previous session.

The KOSPI 200 Sept futures index KSc1 ended down 1.45
points at 225.60, and the KOSPI 200 spot index .KS200 fell 1.02
points to 225.32.

The junior Kosdaq market .KQ11 ended 0.08 percent lower at
498.49.

Move on day -0.37 percent

12-month high 1,757.76 26 APRIL 2010

12-month low 1,447.11 20 JULY 2009

Change on yr +2.92 percent

All-time high 2,085.45 1 NOV 2007

All-time low 93.10 6 JAN 1981

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UPDATE 1-Kewill says eyeing acquisitions; still in offer talks

July 20, 2010 By Leave a Comment

(Reuters) – British software firm Kewill Plc (KWL.L) said on Monday it was looking to expand geographically through acquisitions while still remaining in offer talks.

In May, the company received an approach that valued the software provider to freight forwarders, distribution firms and express parcel groups at 116.8 million pounds ($178.6 million). [ID:nSGE64D0DE]

Kewill said it traded in line with its own view since end-March and continued to get new customer contracts.

While the sales pipeline remained solid, the longer sales cycles were in line with the difficult economic environment, it added.

Shares in the company closed at 112.50 pence on Friday on the London Stock Exchange. ($1=.6541 Pound) (Reporting by Aditi Samajpati in Bangalore; Editing by Unnikrishnan Nair)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

BRIEF-International Power in offer talks with GDF

July 20, 2010 By Leave a Comment

July 19 (Reuters) – International Power plc (IPR.L): * Statement re potential combination * In preliminary discussions with GDF * To create an enlarged International Power which would be listed on the official list * Expected that shares in International Power would be issued to GDF Suez (GSZ.PA)

Filed Under: International News Tagged With: , , , , ,

UPDATE 1-UAE watchdog asks for higher Aabar buyback price

July 19, 2010 By Leave a Comment

July 18 (Reuters) – Abu Dhabi state fund Aabar Investments (AABAR.AD) should raise the buyback price it pays minority shareholders to 1.95 dirhams per share from 1.45 previously, the United Arab Emirates’ bourse watchdog said on Sunday.

The move follows complaints from shareholders that the initial price was too low. Aabar shares jumped 9.7 percent to 1.59 dirhams in early trading on the Abu Dhabi bourse. On July 12, a committee including Emirates Securities & Commodities Authority (ESCA) and the ministry of the economy met with Aabar to come up with a proposal for its buyback plan.

It asked Aabar to raise the offer price and to change the period in which it is open to July 20-Aug. 5 from July 12-Aug. 1, the watchdog’s statement said. (Reporting by Andres Callus, Editing by Dinesh Nair)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

NTT:to buy S.Africa Dimension Data for up to $3.24 bln

July 16, 2010 By Leave a Comment

July 15 (Reuters) – Nippon Telegraph and Telephone Corp (NTT) (9432.T) said on Thursday the Japanese telecom conglomerate will buy South African IT firm Dimension Data Holdings Plc (DDTJ.J) for up to 2.12 billion pounds ($3.24 billion).

NTT shares closed down 1.6 percent at 3,705 yen following a report earlier on Thursday afternoon that NTT would purchase Dimension Data. [ID:nTOE66E05R]

(Reporting by Yumiko Nishitani)

Filed Under: International News Tagged With: , , , , , , , , , , , ,
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