WPP (LON:WPP) has agreed to acquire a majority stake in Ogilvy South Africa, subject to obtaining regulatory approvals. Ogilvy SA and its group companies form part of the Ogilvy Worldwide network.
Cairn Energy (LON:CNE) reported that gross daily production for 2010 reached 130,952 barrels of oil equivalent per day (boepd), an increase of 70% from daily production in 2009.
Lonmin (LON:LMI) said that total tonnes mined in the first quarter of the 2011 financial year from its Marikana underground operations were 2.8 million, up 200,000 tonnes and representing a 7.8% increase from the prior year period.
3i Group (LON:III) said that it invested £183 million during the quarter to 31 December, bringing the total investment in the nine months to 31 December 2010 to £510 million. Investment for the equivalent nine month period last year was £249 million.
Kazakhmys (LON:KAZ) has produced 303 kilotonnes of copper cathode from its own material in 2010, in line with the target set at the start of 2010.
Tullow Oil (LON:TLW) said that group working interest production for 2010 averaged 58,100 boepd, in line with the 2009 average.
BSkyB (LON:BSY) said that revenues in the six months to 31 December reached £3.2 billion, a 15% year on year increase. Earnings per share rose from 15.2 pence to 20 pence.
AstraZeneca (LON:AZN) said that revenues in the fourth quarter of 2010 reached US$8.62 billion, representing a 4% year on year decline. Full year revenues rose 1% to US$33.3 billion.
Vedanta Resources (LON:VED) reported record mined metal production volumes at zinc-lead and copper-zambia operations in Q3, up 11% and 18% respectively, while also posting record quarterly EBITDA of US$895 million, up 35% from a year earlier.
Nyota Minerals (LON:NYO) reported that drill results for the UNDP prospect in Ethiopia have returned encouraging results and a potential opportunity to increase the global resource.
SmartFOCUS (LON:STF) announced that its results for calendar year 2010 are expected to be in line with market expectations in accordance with its previous trading update in October 2010 which increased market expectations for the year ending 31 December 2010.
Regal Petroleum (LON:RPT) has entered into a conditional sale and purchase agreement with Apache East Ras Budran Corporation in respect of its 25% non-operated interest in the East Ras Budran concession in Egypt.
Forte Energy (LON:FTE) released assay results from a further nine holes from the completed reverse circulation programme on the A238 uranium prospect in northern Mauritania. The company said that the majority of these holes demonstrate a considerable increase in both thickness and grade from previous results released for holes outside of the main shoot area.
Range Resources (LON:RRL) has secured a three year equity line facility of up to £20 million with Dutchess Capital.
Range has previously agreed with its joint venture partner and operator Africa Oil Corp that the second exploration well will be included as part of Africa Oil's exploration commitments under the joint venture agreement. Under this agreement, Africa Oil is obliged to spend US$22.5 million in both Dharoor and Nugaal before Range reverts to a contributing basis.
Africa Oil Corp has satisfied their commitments with respect to Dharoor, however to date, still has circa US$15 million expenditure commitments on Nugaal, with expenditure to date on Nugaal being circa US$7.5 million.
With the second well being able to satisfy the joint ventures obligations under the Nugaal PSA, Range will be carried for the first US$15 million spent on the well.