PRESS DIGEST - Financial Times - March 7 =6
UPBEAT OUTLOOK LIFTS IP SHARES
Philip Cox, chief executive of International Power (IPR.L: Quote, Profile, Research, Stock Buzz), has forecast that 2008 "will be another year of growth" after the power generator announced revenues in the year to December 31 rose from 3.6 billion pounds to 3.8 billion pounds. Pre-tax profit was 483 million pounds, down form 624 million pounds, and shares increased 24 pence to close at 385 pence.
SVG CHIEF PREDICTS BUY-OUT RECOVERY
Nicholas Ferguson, chairman of SVG Capital (SVI.L: Quote, Profile, Research, Stock Buzz), said he expects private equity returns to "return to the norm" after the largest investor in Permira wrote down the value of some of the largest companies owned by the UK private equity firm. Investors treat SVG as a listed proxy for Permira, and it cut the value of investments in Freescale Semiconductors by 16.5 percent to 122.7 million pounds, Gala Coral by 47 percent to 22.8 million pounds and ProSiebenSat1 by 17.9 percent to 102.9 million pounds.
SERVICE MODEL PAYS OFF AT ROK
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