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Agribusiness

Morning news summary: Reckitt Benckiser, Daily Mail, Cable & Wireless, SuperGroup, Gulfsands

Reckitt Benckiser (LON:RB) said that total net revenues rose 7% in 2010 to £8.45 billion.

Total adjusted net income jumped 17% and adjusted diluted earnings per share rose 16% to 226.5 pence.

Daily Mail & General Trust (LON:DMGT) said that revenues for the quarter to 2 January was £497 million, up 3% on last year, and up 5% on an underlying basis.

Cable & Wireless Communications (LON:CWC) expects the outturn for the year to be broadly in line with current market expectations.

SuperGroup (LON:SGP) reported that total group sales soared 86.9% to £81.7 million in the three months to 30 January.

Baobab Resources (LON:BAO) announced that two reverse circulation (RC) drill rigs have mobilised to South Zone over the weekend and are currently drilling in Blocks 1 and 7.

Contracts are currently being finalised with two drilling companies to ensure a fleet of three RC rigs and two diamond drill rigs are available to support the company's 30,000 metre drilling campaign in Tete through the 2011 season.

Gulfsands Petroleum (LON:GPX) reported that testing operations are now complete on the Twaiba-1 exploration well, with recovery of only very high salinity water from the uppermost 5 metres of the interpreted "Shiranish" pay zone, from 1872-1877 metres measured depth.

Stratex International (LON:STI) announced the discovery of epithermal gold mineralisation at its 35 sq km Asal exclusive exploration licence located on the south-west side of Lake Asal in the Republic of Djibouti.

Ariana Resources (LON:AAU) announced that under the £5 million standby equity distribution agreement (SEDA) with YA Global Master SPV Ltd, an investment fund managed by Yorkville Advisors the company has today issued 3,988,985 new ordinary shares at £0.0376 as settlement of the agreed fee of £150,000 to secure the SEDA.