UK SMALLCAP ROUNDUP: GW Pharm Seeks More EU Sativex Approvals

21st Jun 2010 08:53

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps GW PHARMACEUTICALS PLC (GWP.LN), a drug company, Monday said it will apply to sell multiple sclerosis medicine Sativex in other European countries during the second half of 2010, following its launch in the U.K. GW said late Friday that Sativex, which is derived from cannabis, gained U.K. regulatory approval following a review of clinical data that showed it reduced symptoms of spasticity in multiple sclerosis patients. At 0745 GMT, shares +5 pence, or 3.6%, at 146 pence. FINDEL PLC (FDL.LN), a U.K. home shopping and educational supplies company, cut the pretax profit results for fiscal 2009 after finding accounting errors in its education division. Findel said the errors are estimated to have reduced its pretax profit for the year ended April 3, 2009 by GBP6.4 million and net assets by GBP20.6 million. At 0745 GMT, shares +1.5 pence, or 8.3%, at 19.5 pence. MORGAN SINDALL GROUP PLC (MGNS.LN), a U.K. construction and regeneration group, said it has received a GBP95.4 million contract to design and build the Tayside Acute Adult Mental Health Developments scheme in Scotland. At 0746 GMT, shares flat at 540 pence. CHAARAT GOLD HOLDINGS LTD. (CGH.LN), a Kyrgyzstan-focused gold miner, said it proposes buying a privately owned exploration company with four licenses in Kyrgyzstan. It wants to buy Kyrex Ltd. for 11.9 million Chaarat shares in a deal which values it at GBP4.83 million, based on Friday's closing price. At 0746 GMT, shares flat at 40.5 pence. SHED MEDIA PLC (SHDP.LN), a television show maker, said it is in takeover talks with media giant Time Warner Inc. (TWX) The U.K. company, which produces programs like drama Waterloo Road and reality shows like Supernanny, said there is no certainty an offer will be made. At 0747 GMT, shares +4 pence, or 5.1%, at 82 pence. DOMINO PRINTING SCIENCES PLC (DNO.LN), a printing equipment manufacturer, said fiscal first-half profit more than doubled after its customers resumed spending on new equipment. The company said it is increasing investment in new capacity and products in an effort to win more business. At 0747 GMT, shares +12.5 pence, or 2.7%, at 477.5 pence. XCHANGING PLC (XCH.LN), a business outsourcing company, said it has acquired a U.K.-based information technology company for up to GBP9 million as it looks to boost its network managed services offering and set up a reseller platform. At 0748 GMT, shares +4.9 pence, or 2.4%, at 211.9 pence. AKERS BIOSCIENCES INC. (AKR.LN), a diagnostics company, posted a much wider full-year pretax loss due to a hiatus in U.S. government departmental spending as federal funds were diverted to aiding economic recovery. At 0748 GMT, shares flat at 11.5 pence. MINERA IRL LTD. (MIRL.LN), a Peru-focused precious metals miner, said it agreed a $20 million loan with bank Macquarie Group Ltd. (MQG.AU) after scrapping a share sale. At 0748 GMT, shares -1.5 pence, or 2.6%, at 56.5 pence. MEDIA SQUARE PLC (MSQ.LN), a marketing communications group, said it has agreed new three-year, GBP26.6 million banking facilities with Bank of Scotland, part of Lloyds Banking Group PLC (LLOY.LN). At 0748 GMT, shares +0.3 pence, or 2.5%, at 10.3 pence. BRULINES GROUP PLC (BRU.LN) said it has acquired gasoline forecourt services company LBI Installations Ltd., which it said was one of the final elements in building a product portfolio capable of delivering its forecourt strategy. Brulines, which provides real-time monitoring systems and data management services for the U.K. leisure sector and gasoline forecourts, said the acquisition is for an initial payment of GBP360,000 and a performance-related deferred payment, details of which weren't given. At 0749 GMT, shares +1 pence, or 0.9%, at 117.5 pence. INTERIOR SERVICES GROUP PLC (ISG.LN) said it has acquired specialist Moscow-based fit-out company Olson Enterprises CJSC for a nominal amount as it looks to expand its market share in the Russian capital. At 0749 GMT, shares flat at 166 pence. DJ UK Smaller Cos +1.1% AIM +0.7% -By Rachael Gormley, Jason Douglas & Hannah Benjamin, Dow Jones Newswires; +44 (0) 20 7842 9272; [email protected] (END) Dow Jones Newswires June 21, 2010 03:53 ET (07:53 GMT)