Company Results & Outlooks

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UPDATE 1-Miner Afferro agrees to $190 mln offer from IMIC

LONDON, May 22 - West Africa-focused miner Afferro has agreed to a $190 million cash-and-paper offer from investment group IMIC which could pave the way for its flagship iron ore project to be developed.

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BRIEF-C&W Comms "less confident" on Monaco disposal

LONDON, May 22 - Cable & Wireless Comms : * CFO says "less confident" on regulatory approval for Monaco disposal but "has plenty of options"

8:40am BST

ICG profit falls on low realisations, higher provisions

May 22 - Intermediate Capital Group, a provider of mezzanine financing, said full-year profit fell 25 percent due to lower realisation of gains from investments and higher provisions for bad loans.

Private Capital 7:53am BST

BRIEF-Innovation Group's first-half profit rises 32 pct

LONDON, May 22 - Innovation Group PLC : * H1 adjusted pretax profit 9.6 mln stg versus 7.3 mln stg year ago * we remain confident in our expectations for the full year

7:32am BST

UK Mail full-year profit buoyed by e-retail growth

May 22 - Parcel delivery company UK Mail Group Plc reported an 18 percent rise in full-year pretax profit as more thrift-conscious Britons look for online shopping deals.

M&A 7:31am BST

BRIEF-Future looks to better second half

LONDON, May 22 - Future PLC : * Expects strong performance in H2, on track to achieve results broadly in line

7:29am BST

Cable & Wireless Comms targets Caribbean cost cuts

LONDON, May 22 - Cable & Wireless Communications met expectations with a 1 percent rise in full-year core earnings, and said it would cut $100 million of costs from a business now focused on the Caribbean and Central American.

7:27am BST

BRIEF-Cable & Wireless Comms core earnings edge up

LONDON, May 22 - Cable & Wireless Communications PLC : * Auto alert - Cable & Wireless Communications Plc final dividend

7:20am BST

Nationwide profits jump 56 percent

LONDON, May 22 - Nationwide, Britain's biggest customer-owned financial services group, said its financial position remained robust after posting a 56 percent leap in annual underlying profit driven by demands for an alternative to traditional banks.

7:19am BST

Miner Afferro agrees to $190 mln offer from IMIC

LONDON, May 22 - West Africa-focused miner Afferro has agreed to a $190 million cash-and-paper offer from investment group IMIC, it said on Wednesday.

IPOs, M&A, Bonds, Regulatory News, Africa 7:17am BST

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