PRESS DIGEST – British business – Feb 4

GAMING GROUP PUTS US BAN BEHIND IT

PartyGaming (PRTY.L: ) has revealed it expects full-year
earnings to be “slightly ahead” of expectations as Wyn Ellis at
Numis forecast results of 134 million dollars. The gambling
group said the “recycling of a major jackpot win during
December” where the winner of a five million dollar jackpot
spent three million dollars at the gambling group’s online
casino, as well as strong performances in casino and sports
betting, helped turn the last three months of 2009 into the best
quarter since the banning of online gambling in America in
October 2006. Shares in the company closed at 285.1 pence, up
0.2 pence

QUESTOR

BHP Billiton (BLT.L: ) (buy)

Imperial Tobacco (IMT.L: ) (buy)

The Independent

RBS BAILOUT FACES LEGAL ATTACK THANKS TO BANK’S LENDING

The World Development Movement, together with environmental
and human rights campaigners PLATFORM and People and Planet,
have launched a new legal attack on the Government’s bailout of
Royal Bank of Scotland (RBS.L: ). They have challenged last
November’s decision to supply an extra 25 million pounds of
public money to the bank, citing Treasury guidelines that state
an assessment of the likely impact that proposed spending will
have on human rights and the environment has to be performed
before committing funds. The WDM was particularly critical of
the bank’s lending to Tullow Oil (TLW.L: ).

GSK SIGNS 239 MILLION EURO LUNG DISEASE DEAL.

GlaxoSmithKline (GSK.L: ) is set to announce its full-year
results for 2009, which are likely to be followed by a
confirmation of up to 4,000 job losses. On Wednesday, the drug
group signed a deal with Austrian biotechnology company Apeiron
Biologics for rights over its early stage lung disease
treatments. GSK will receive 12.7 million euros upfront which
could rise to 239 million euros should all the drugs get to
market.

INVESTMENT COLUMN

Capital Pubs (buy)

Lamprell (buy)

Standard Life (SL.L: ) (hold)

The Guardian

ETHICAL FASHION RETAILER ADILI SUSPENDS ITS SHARES

Adili (ADIL.L: ), the online ethical fashion specialist, has
asked for its shares to be suspended “pending clarification of
the company’s financial position”. A statement to the stock
exchange read: ‘Unfortunately, the active discussions to secure
the future of the business have now terminated without agreement
having been reached’. Shares in the company fell to 1.25 pence
yesterday down from 16.5 pence. Last month the company reported
half year figures for the six months to the end of October
showing revenues of 299,000 pounds and recording a loss of
886,000 pounds.

Stock Market Report

Prepared for Reuters by Durrants
($1=.6254 Pound)

PRESS DIGEST – British business – Feb 4