Glencore International (LON:GLEN) has denied speculation that it is preparing a takeover bid for Eurasian Natural Resource Corp (LON:ENRC).
However the commodity trader, who joined the LSE with a massive IPO in May, did leave the door ajar for a future deal.
Kea Petroleum (LON:KEA) will spud the Hoadleys-1 well in the recently acquired ATP837P licence onshore Australia by the end of June, which means it will reach target depth by late July.
The well will test Lower Evergreen and Precipice Sands, which are established producer formations at the producing Moonie oil field, some 20 kilometres to the south of the ATP837P licence area.
It is situated on a recognised discovery trend, with the Cabawin gas field located 20 km to the north and the Bennett oil field and Leichhardt gas field some 20 km further north.
Mouchel Group (LON:MCHL) said that underlying trading in the year to date has been in line with expectations. However, the group said that the short-term outlook continues to be very challenging, heavily influenced by the government’s efforts to reduce spending.
“Local government, which makes up more than two-thirds of our client base, has been particularly hard hit by the unexpected speed and depth of these cuts. Our response to these conditions has been to focus on those items under our control, namely our client relationships, our cash position and our cost base,” said Mouchel.
The group added that it does not expect a significant improvement in trading conditions in the short term.
Eros International (LON:EROS) said that its film 'Ready'; directed by Aneez Bazmee and starring Salman Khan, achieved exceptional first week box office receipts.
Released on 3 June, the film has grossed US$25.3 million worldwide, with US$22.4 million in India. The film's net collection was US$15.4 million in India and US$2.9 million overseas in its first week.
“Ready has opened to a phenomenal audience response which has been sustained throughout its first week. The film's first week gross box office is among India's top 3 first week grosses of all time. Eros is delighted to be delivering this blockbuster to the public,” said managing director Sunil Lulla.
DP Poland (LON:DPP) has opened its second Domino's Pizza store, in central Warsaw.
“As our second store opens the store roll-out programme is gathering pace, with the third store nearly complete and construction about to commence on the fourth,” said chief executive of DP Poland Peter Shaw.
“Customer feedback is very encouraging with regard to both the quality of our pizzas and the speed of our delivery.”
The company said that its online ordering system, which was activated at the end of April, is already accounting for between 5-10 percent of sales.
Baltic Oil Terminals (LON:BTC) has had its shares suspended from trading on AIM “as it has become clear that the company will not be in a position” to send its audited accounts for the year ended 31 December 2010 to shareholders by 30 June 2011 as required under AIM Rule 19.
The suspension will remain in place until the group's annual accounts have been announced and posted to shareholders.
The company's businesses continue to perform in line with management's expectations. As at 13 June 2011, the Group had £1.875 million in cash and, apart from normal trade creditors, has no bank or other debt arrangements.
Aurelian Oil & Gas PLC (LON:AUL) said it is making good progress with its seceond Multi Fracced Horizontal Well (MFHW) on the Siekierki tight gas field in Poland.
Trzek-3 was successfully drilled and completed with a cemented liner, and fraccing is expected to commence early July, taking up to six weeks to complete.
The group plans to start a stabilised flow test at Trzek-3 around mid-August, it said in an operational update.