| UK small caps close higher, Johnson Services
LONDON (AFX) - UK smaller companies closed higher Friday, with Johnson Serices Group shares surging on the company's decision not to cut its dividend, dealers said. By the close, the FTSE Small Cap index was up 5.6 points to 4,008.3, while the FTSE 100 was 21.4 points higher at 6,339.4. Online marketing services provider Infoserve Group was up 19 pct at 47, after the company won a deal to become Yahoo Inc's official local advertising sales partner for the UK. The company said it has agreed to a multi-year exclusive term to sell featured listings to local businesses that will appear as links on Yahoo's UK web pages. Buyers also came for Cape Lambert Iron Ore Ltd, 7-1/4 better at 22, after it confirmed it is in talks with an unnamed party for the possible part sale of its iron ore project.
Mutual funds line up schemes to invest abroad
MUMBAI: It's about time Indian investors get ready to experience investing abroad, either in foreign stocks or mutual funds. Two fund houses — Fidelity and Sundaram BNP Paribas Mutual Fund — are in the queue to offer products to Indian investors that will invest abroad.
Global asset management major Fidelity's Indian arm on Monday launched its International Opportunities Fund that will invest up to 35% of its corpus in foreign securities, while the balance will be invested in the Indian market. While investing in foreign stocks the focus will be on Asian stocks, the fund house said. Since each country offers distinct inherent strengths and each has differing growth characteristics, international investing offers diversification to investors, Rajesh Singh, the fund manager for the scheme said.
Rabobank Subsidiary Ready to Fund EUR 25 mln Housing Project in ...
06-04-07, 9:55, (Property Xpress) - Bouwfonds Property Management, one of the biggest real estate developers in the Netherlands and the real estate investment subsidiary of Dutch bank Ra ...This article contains 143 words. The rest of this article is for Property Xpress subscribers only. You could sign in from the upper right corner. Not subscriber yet? Start your subscription here. .
Premarket Movers: Daktronics, NetLogic
A slashed forecast from Daktronics Inc. hurt shares of the company, while an improved outlook from NetLogic Microsystems Inc. boosted the stock in premarket trading Monday. Daktronics Inc., which makes scoreboards and large screen video displays, plunged $5.02, or 18 percent, to $22.89 in premarket electronic trading after it cut its fiscal fourth-quarter forecast. The Brookings, S.D.-based company late Thursday slashed its profit and sales outlook to well below analyst estimates, citing lower-than-expected order volume. The company also said its outlook for growth next year remains "generally unchanged." Shares closed at $27.91 Thursday on the Nasdaq Stock Market, the last trading day before the Friday holiday. Shares of biopharmaceutical company CV Therapeutics Inc.
County moves ahead with Hutchinson highway bypass
After reviewing two possible routes for a southwest Hutchinson highway bypass, the McLeod County Board Tuesday chose to move forward with the route opposed by several local landowners. The decision is not final until the County Board officially votes on it. However, when County Highway Engineer John Brunkhorst asked for further direction, County Board members asked him to move forward with a plan to link County Road 115, which currently runs into town along South Grade Road, farther south with County Road 8. This route follows the current Vale Avenue corridor before curving east to connect with County Road 8. A T-intersection would be formed with County Road 8 coming from the west side of the county. Margaret Schaefer, a Lynn Township resident, is the property owner who will likely be affected the most.
Neenah Paper reports executive salaries
Neenah Paper Inc. posted its proxy on April 9, revealing Chairman, President an CEO Sean Erwin made about $3.3 million in total compensation last year. The Alpharetta, Ga.-based paper company (NYSE: NP) said Erwin's total compensation for 2006 includes a $590,000 salary, $762,451 in stock awards, about $1.2 million in stock options, $557,550 in nonequity incentive plan compensation and a $6,600 contribution to his 401K account. .
The First American Corporation at Raymond James Institutional ...
MIKE VINCIQUERRA, ANALYST, RAYMOND JAMES: Thanks for joining us. The next presentation is from First American Corporation; this is the largest title insurance company in the country. They are also one of the leading if not the leading provider of many, many data products used throughout the real estate industry. They have a dominant position that they built through acquisitions many years ago, but have really consolidated that information into a very usable database and now they're continuing to expand in that marketplace. They also own an 80% position in a company that you'll hear from I think after this presentation, First Advantage, which is more of a data processing company. But I'm going to bring Frank McMahon, the Chief Financial Officer, up to tell you about the story. We also have Donna Dolan with the Investor Relations group at first American.
County says Feather River Inn needs full review
An interesting history emerged during a board discussion of the Feather River Inn project Tuesday, March 20.
While new financier Martin Perellis and project manager John McMorrow sat side by side in front of the board and described the agreeable solutions they had negotiated with the county's planning department, other interested parties were not so satisfied. McMorrow acknowledged that he and Perellis had agreed to a single environmental impact report for the entire project. This was of concern since John Gullixson, director of the Plumas County Local Agency Formation Commission, noted in his comments in response to the circulation of the original negative declaration on the project that segmenting environmental analysis is illegal in California. A single EIR allows for the analysis of such concerns as wastewater treatment, water availability and quality, flood and erosion control, and other critical environmental impacts of a project presumably before construction begins.
UBS Brings THE PLAYERS Championship to Rockefeller Center May 4-13
NEW YORK, April 9 /PRNewswire/ -- Beginning Friday, May 4 through Sunday, May 13, visitors to Rockefeller Center will have the opportunity to take the most intimidating shot in golf at The UBS Golf Challenge: Experience THE PLAYERS Championship. The scaled replica of THE PLAYERS Stadium Course's iconic island 17th hole will serve as the centerpiece to an interactive exhibit made possible by UBS, a Proud Partner of THE PLAYERS, and hosted by Tishman Speyer, co-owners of Rockefeller Center. The exhibit coincides with the actual tournament, which will be played May 7 - 13 at TPC Sawgrass in Ponte Vedra Beach, Florida. THE PLAYERS is one of the crown jewels on the PGA TOUR schedule, and features the strongest field in professional golf. The 1/4-scaled replica will allow fans to hit a shot to an island green surrounded by water.
Strong shilling burns Stanbic IPO investors
When Mr Pius Kilango Mshana applied for the Stanbic Uganda shares during the Initial Public Offering (IPO) a few months ago, his intention was to buy as many shares as he could, then sell when the market was still hot. He applied for shares worth Sh600,000 (USh15 million). But, as the offer was oversubscribed, he and other foreign applicants were allocated a maximum Sh304,000 (USh7.6 million) worth of shares. It took slightly over four months for Mshana to get his refund, and when it finally came, he realised he had lost about Sh27,500 because to currency fluctuations. "I think this is the worst decision I ever made," says Mshana, who hails from Tana River District. "I've been told I can't sell the shares because the procedure is long so I have to wait to cash the refund and the opportunity to dispose off the shares.
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