Sale Agreements, Conference Schedules, Voting Rights, Performance Review, and Expansions - Analyst Notes on Reed Elsevier plc, Vesuvius plc, Witan Investment Trust, Direct Line and Electrocomponents
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LONDON, June 11, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding Reed Elsevier plc (LON: REL), Vesuvius plc (LON: CKSN), Witan Investment Trust plc (LON: WTAN), Direct Line Insurance Group PLC (LON: DLG) and Electrocomponents plc (LON: ECM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3611-100free.
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Reed Elsevier plc Analyst Notes
On June 4, 2014, Reed Business Information (RBI), a part of Reed Elsevier plc, announced that it has sold emedia Communications LLC, a US-based provider of research to IT buyers and leads to IT vendors, to Ziff Davis, the Digital Media Division of j2 Global, Inc. RBI informed that an agreement has also been signed to sell the UK-based division of emedia, which will transfer to Ziff Davis after a period of employee consultation. RBI said the decision to sell the business emphasizes its increasing focus on paid content models and data services. Signal Hill Capital Group acted as the exclusive financial advisor to RBI in this transaction. The full analyst notes on Reed Elsevier plc are available to download free of charge at:
http://earnings-review.com/3611-REL-11Jun2014.pdf
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Vesuvius plc Analyst Notes
Vesuvius plc posted on the Investor Relations section of its official website that the Company will participate in the 8th ECCC (European Continuous Casting Conference) scheduled to be held from June 23, 2014 to June 26, 2014. The Company stated that 8th ECCC is a unique forum for the European continuous casting community to exchange views on the status and future development of the continuous casting process. The full analyst notes on Vesuvius plc are available to download free of charge at:
http://earnings-review.com/3611-CKSN-11Jun2014.pdf
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Witan Investment Trust plc Analyst Notes
On June 2, 2014, Witan Investment Trust plc (Witan Investment Trust) notified that the Company's capital with voting rights consisted of 189.3 million ordinary shares of £0.25 each as at May 31, 2014. Since four shares are required per vote, the total number of voting rights in Witan Investment Trust plc stood at approximately 47.3 million. As of May 31, 2014, the Company held 10,000 shares in Treasury. The full analyst notes on Witan Investment Trust are available to download free of charge at:
http://earnings-review.com/3611-WTAN-11Jun2014.pdf
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Direct Line Insurance Group PLC Analyst Notes
On May 2, 2014, Direct Line Insurance Group PLC (Direct Line) released its Interim Management Statement for Q1 2014. The Company said its Gross written premium during the quarter fell 5.6% YoY to £949.3 million, reflecting the impact of a competitive market, particularly in UK motor and home, together with the Group's continued focus on maintaining its underwriting discipline. The number of in-force policies for ongoing operations decreased by 6.7% YoY during the quarter to 18.1 million. The decrease was primarily attributed to Rescue and other personal lines, partially offset by International. For full-year 2014, Direct Line expects to achieve a combined operating ratio in the range of 95% to 97% for ongoing operations, assuming a normal level of claims from weather events, and a combined operating ratio of less than 100% for its Commercial division, assuming a normal level of claims from weather-related events and large losses. The full analyst notes on Direct Line are available to download free of charge at:
http://earnings-review.com/3611-DLG-11Jun2014.pdf
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Electrocomponents plc Analyst Notes
On June 5, 2014, RS Components, the trading brand of Electrocomponents plc (Electrocomponents) announced the expansion of its 3D print offering with the introduction of the latest 3D printers from 3D Systems, a leading provider of 3D printing centric design-to-manufacturing solutions. The Company announced the global availability of new Cube® 3 and CubeProTM 3D printers, with delivery expected to start in July 2014. According to Electrocomponents, Cube 3 and CubePro offer multi-colour and multi-materials, ultra-high resolution settings of 70-micron thin print layers to give smoothness and fine detail, faster print speeds, and printing on-the-go from a smartphone app to be released by 3D Systems when product shipments start. The full analyst notes on Electrocomponents are available to download free of charge at:
http://earnings-review.com/3611-ECM-11Jun2014.pdf
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