BP (LON:BP) has received final approval to complete the purchase of ten exploration and production blocks in Brazil from Devon Energy. The regulatory approvals from the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) were the last required to conclude the agreement announced in March last year. It is expected formal completion of the acquisition will take place shortly, said BP.
Wood Group (LON:WG) reported that the company has seen good growth in the first four months of the year and anticipates that the full year performance will be in line with expectations.
Sainsbury (LON:SBRY) said that total sales in the year to 19 March 2011 rose 7.1 per cent to £22,943 million, while underlying profit before tax climbed 9 percent to £665 million.
ITV (LON:ITV) released an interim management statement for the first quarter, saying that group revenues were up 11 percent to £500 million, driven by positive television advertising market.
Kenmare Resources (LON:KMR) has appointed Bruno Cavalancia as head, commercial and strategic development, Asia.
Barratt Developments (LON:BDEV) reported that sales rates have returned to “more normal levels” with net private reservations per active site per week during the period from 1 January to 8 May of 0.53, significantly ahead of the first half (0.39).
Ruukki Group (LON:RKKI) released its interim report for the first quarter today. Revenue from continuing operations was EUR 34.8 million, representing a growth of 15.6 percent and EBITDA from continuing operations was EUR 3.5 (-0.5) million and EBITDA margin was 9.9 percent.
Kalahari Minerals (LON:KAH) noted the announcement by CGNPC Uranium Resources Co., Ltd of 10 May 2011 withdrawing its possible offer for the entire issued and to be issued share capital of Kalahari. The company’s appeal against a ruling by the Panel Executive that CGNPC-URC was not being permitted to reduce the price of its possible offer, has been dismissed.
Kalahari is no longer in an "offer period" as defined by the City Code.