Spirax-Sarco Engineering plc (LON:SPX), the world leader in the control and efficient use of steam and in peristaltic pumping, issues the following Interim Management Statement in respect of the period since 30th June 2010.
Intertek Group plc (LON:ITRK), a leading provider of quality and safety solutions serving a wide range of industries around the world, has signed an agreement to acquire Profitech (UK) Ltd, a technology provider of advanced mathematical software modeling services serving the oil and gas industry.
Australian Market Report of October 22, 2010 includes: Austin Engineering (ASX:ANG) has expanded its operations into the strategically important Hunter Valley coal mining region; Mission NewEnergy (ASX:MBT) has made its first sale and shipment of crude Jatropha oil to one of Europe's largest power companies; Catalpa Resources (ASX:CAH) reports exploration assay results from a surface diamond drill program; Quest Petroleum NL (ASX:QPN) has entered into a heads of agreement to subscribe for 6.2m shares (or 14.5%) of the issued capital in Merric Capital.
Australian shares fell for a second straight session on Thursday as investors were disappointed with the US existing home sales data and not expecting any inspiring results from new home sales. The benchmark S&P/ASX200 index lost 72.2 points, or 1.6 per cent, to 4486.1 points, while the broader All Ordinaries index was off 71.9 points, or 1.6 per cent, at 4509.4.
Australian media mogul Kerry Stokes' Seven Group Holdings (ASX:SVW) confirmed it has applied for shares in Agricultural Bank of China's (AgBank) massive initial public offering (IPO) and expects a decision shortly. The maximum value applied for is US$250 million.
The Australian market Thursday delivered a strong opening, supported by optimism towards the US economy. The catalyst for the jump was the better-than-expected figures in pending home sales in the US, which pushed Wall Street higher overnight. The local market had been in a negative territory for three consecutive days this week. The S&P/ASX 200 index today rebounded with a 1.8 per cent jump in early trade.
South Korea's Doosan Infracore Co. (SEO:042670), a maker of heavy machinery and diesel engines, has set up a 50:50 joint venture with China's Xuzhou Construction Machinery Group to produce diesel engines in China.
