Scottish Morning Bulletin

Scottish Morning Bulletin

Results

Terrace Hill Group (THG)  Final Results

Financial highlights

• Triple Net Asset Value per share of 40.8p (30 April 2009: 40.4p, 31 October 2008: 53.4p)
• Adjusted Diluted Net Asset Value per share of 44.6p (30 April 2009: 44.4p, 31 October 2008: 58.0p)
• Adjusted pre-tax profit (before property provisions) £2.6 million (31 October 2008: £1.0 million)
• £335.6 million1 of debt refinanced since October 2008
• Balance sheet loan to value gearing of 59.4%2

Standard Life plc (SL.)  Final Results - Part 1 of 3

Standard Life plc (SL.) Final Results - Part 2 of 3

Standard Life plc (SL.) Final Results - Part 3 of 3

Highlights

Positive net flows across the Group

• Net flows across the Group up 51% to £6.5bn (2008: £4.3bn)1,2
• Group assets under administration up 15% to £170bn (31 December 2008: £148bn)2,3

Cash flow robust

• EEV core capital and cash generation after tax up 16% to £350m (2008: £303m)4,5
• Full year dividend up 4.0% to 12.24p (2008: 11.77p)

Profits resilient in difficult markets

• EEV operating profit before tax of £919m (2008: £933m)4
• IFRS profit after tax attributable to equity holders of £213m (2008: £100m)

Strong platform for profitable growth

• Significant step up in investment to develop our leading corporate and retail propositions to accelerate profitable growth
• A further £100m of efficiency savings targeted by 2012

Dawson International (DWSN)  Final Results

Highlights

• Operating profit of £2.0 million from continuing operations
• Excellent performance by Knitwear divisions
• Home Furnishings Private Label division impacted by Sterling weakness
• Strategically important disposal of Todd & Duncan achieved in difficult economic climate
• Recovery of £1.0 million debt due from previous joint venture partner
• Generated cash of £6.7 million including £5.4 million from the disposal of Todd & Duncan
• Ended the year with £12.3 million funds and no debt
• Increase in pension liabilities represents a challenge for the Company

Trading Statements / Contract Wins / Acquisitions:

Terrace Hill Group (THG)  Acquisition

Philip Leech, Chief Executive of Terrace Hill, commented: "The acquisition of these two new sites and the planning submission at Heaton Park further demonstrates our expertise in, and successful track record of, identifying and delivering high quality supermarket developments. These follow our recent successful supermarket developments at Bishop Auckland and Helston.  Large format food store development is one of our core business areas and our pipeline of new opportunities will continue to add value to the Group for our shareholders."

AGM & EGM:

Share Dealing:

Miscellaneous:

Newspaper Investment Highlights:

Times – Need To Know

Weir: The maker of pumps and valves, based in Glasgow, reported a 6 per cent rise in full-year pre-tax profits to £187 million, on revenues which rose by 3 per cent to £1.39 billion, and told analysts to expect a similar performance for 2010 — some 20 per cent above forecasts.

John Menzies: The newspaper distribution and aviation services group reported full-year pre-tax profits of £22 million, compared with £9.9 million a year ago, and that both its units were trading ahead of 2009 levels.