Market News

Weir agrees £13.95m confiscation order for Iraq breaches

Engineering company Weir Group plc will pay £13.95m plus a fine to be fixed after agreeing to plead guilty to two charges of breaching UN sanctions on contracts related to the Oil For Food program in Iraq between 2000 and 2002.

13/12/2010

Caledon reveals 256% increase in Minyango resource

Australian coal producer and explorer Caledon Resources has announced a 256% - 874 million tonnes - increase to the coal resource estimate for the Minyango coking and thermal coal project.

13/12/2010

CSC says Simon plans are 'completely impracticable'

Capital Shopping Centres Group has rejected alternative plans for financing the Trafford Centre by Simon Property Group as completely impracticable.

13/12/2010

Global Energy in farm-out deal with Gran Tierra Energy

Latin America-focussed petroleum explorer and producer Global Energy Development has agreed to farm-out 60% of its interest in the Peruvian Block 95 licence contract to Gran Tierra Energy.

13/12/2010

Rival bid possible after Regal agrees £77m cash offer

Regal Petroleum plc has agreed terms on a £77m recommended cash offer from Energees Investments Limited, main holding company of Ukraine's Smart Holding Group.

13/12/2010

De La Rue appoints Tim Cobbold as CEO

Banknote printer De La Rue has appointed Tim Cobbold as CEO with effect from 1 January.

13/12/2010

Airsprung takes over Collins and Hayes Furniture

Airsprung Group has taken over Collins and Hayes Furniture - and its trading brand Collins & Hayes - for £2.3m.

13/12/2010

Market Movers - Top risers and fallers between 07:00 and 08:00

Overall Market
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CIC Mining to acquire Global assets for Arctic Star

Consulting and advisory firm CIC Mining Resources has agreed a deal with Arctic Star Diamond to provide various services with respect to Global Diamond Resources, which is in administration.

13/12/2010

Commodities Prices at 08:00

Name                	       Price	       Change	     %Change
Brent Crude Oil     	      91.220	        0.740	       0.820
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13/12/2010