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Morning news wrap: ICAP, VT Group, Fidessa, Dominion Petroleum

In the FTSE 100, interdealer broker ICAP (LSE: IAP) confirmed that it was conducting a “broad ranging strategic review of some of its cash equities businesses,” expecting to make a further announcement after the review is completed.

In the FTSE 250, support services company VT Group (LSE: VTG) has won a £35 million contract to provide support to the RAF’s fleet of Tucano training aircraft.

Software and services provider Fidessa Group (LSE: FDSA) said revenues for the full year 2009 rose 26% to £238.5 million, while pre-tax profits fell 14% to £31 million. The group declared a 40 pence special dividend.

In AIM, African focussed soft commodity specialist, Agriterra Limited (AIM: AGTA) released an operational update, reporting strong progress sin preparing the ground for irrigation systems on both its Mavonde and Dombe ranches, while its breeding programmes were advancing well. The company said that beef demand in Mozambique was likely to grow.

Africa focused energy company Dominion Petroleum (AIM: DPL) has signed an agreement in principle with Les Etablissements Maurel & Prom to farm in to the Mandawa and Kisangire PSAs (production sharing agreements), giving M&P a 40% interest in the Mandawa PSA resulting in it owning a 90% interest, and a 35% carried interest in the Kisangire PSA, also reducing Dominion’s interest to 10%.

www.proactiveinvestors.co.uk/companies/news/13288/morning-news-wrap-icap-vt-group-fidessa-dominion-petroleum-13288.html



Disclosure: The author holds no positions in the company