Capita Group (LON:CPI) reported that its businesses have performed solidly in the first 4 months of 2011 and that “our operational performance for clients remains excellent”.
“We are maintaining good progress across our key financial metrics and are well placed to achieve reasonable revenue growth and continued margin progression this year,” said Capita.
Resolution (LON:RSL) said that the UK Life Project remains on track to deliver the targeted mid-teen returns with on-going progress on integration and delivery of targets announced at the time of the strategic update in February.
BG Group (LON:BG) is expecting the LNG operating profit for 2011 towards the upper end of the US$1.9 to US$2.2 billion range. Higher UK North Sea tax reduced the company’s earnings by US$265 million in the first quarter.
InterContinental Hotels Group (LON:IHG) said that revenues in the first quarter rose 9 percent to US$396 million and operating profits soared 35 percent to US$112 million.
Dragon Oil (LON:DGO) announced the completion and initial testing of the Dzheitune (Lam) 28/154 development well. The initial test result from the well was 3,081 barrels of oil per day. The NIS rig has skidded to the next slot and spudded the Dzheitune (Lam) 28/156 well.
Rambler Metals & Mining (LON:RMM) has intersected visible gold mineralization during pre-production development on the 1700 level of its Ming copper-gold mine.
“This new discovery is a confirmation of just how underexplored the Ming Mine truly is with respect to gold mineralization...the company is designing an exploration program to further evaluate the potential of this zone,” said chief geologist Larry Pilgrim.
Thor Mining (LON:THR) has appointed Richard Bradey as exploration manager.
Active Energy (LON:AEG) has raised approximately £1.8 million, gross of expenses, through a share issue at a price of 2.75 pence per share. The proceeds of the placing of about £1.62 million will be used for working capital, particularly to transform the business into an end-to-end environmental services and solutions business.
Horizonte Minerals (LON:HZM) announced further positive results from the infill resource drilling programme at its 100% owned Araguaia nickel project. The best intersection was 18.6 metres grading 2.42% nickel from infill drilling at the Pequizeiro target.
ZincOx (LON:ZOX) said that the Korean Recycling Project remains on budget and schedule to achieve first production ten months from now.
Vatukoula Gold Mines (LON:VGM) reported positive results from the recent reverse circulation and diamond drilling programme at the Company's 100% owned Vatukoula Gold Mine in Fiji. Significant intersections included 5.14 grams of gold per tonne over 17.55 metres, 12.09 grams of gold per tonne over 5 metres and 3.45 grams of gold per tonne over 19 metres.
Landore Resources (LON:LND) said that exploration drilling on the Junior Lake property has identified three new areas containing significant nickel mineralisation, including the B4-8 zone which recorded an intersection of 5.58 metres at 0.59 per cent nickel and 0.29 per cent copper in massive sulphides from drill hole 0411-301.
Xcite Energy’s (LON:XEL, CVE:XEL) Bentley oil field could be worth over £1.8 billion after tax according to the hotly anticipated reserve assessment report (RAR).
DiamondCorp (LON:DCP) reported that after a year's development activity, the new decline at the Lace mine near Kroonstad in the Free State province of South Africa yesterday successfully accessed kimberlite at the -260m bulk testing level.