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Morning Eyecatchers: Oil, gold and silver surge on Libya situation

by Phil Cozens on Mar 07, 2011 at 08:30

 * US crude jumps to 2-1/2 year peak on Libya civil war threat; gold nears record and silver hits 31-year peak on Libya situation

 * Inmarsat full-year earnings up 17%; remains confident total revenue £1,171.6 million, up 12.9%; ebitda $696.1 million, up 17.19%; pre-tax profit $333.5 million, up 69.4%; final dividend 22.69 cents, up 10%; in 2011 will recognise substantial revenue in connection with our cooperation agreement with Lightsquared

 * Pearson to buy education business  Education Development Inc for £113 million

 * AstraZeneca discontinues asthma product  Pulmicort, hitting Skyepharma

 * Xstrata chairman to retire at AGM

 * Xstrata and Vale are among six preferred bidders picked to develop Mongolia's Tavan  Tolgoi mine, in a move that could grant access to the world's biggest untapped coking coal deposit

 * Arcus makes indicative £16.30-share offer, £745 million,  for Forth Ports

 * Petrofac full-year profit soars; raises dividend; full-year revenue up 19% to £4.4 billion; net profit up 58% to $557.8 million; eos up 57% to $1.62; record engineerng backlog of $9 billion

 * BG Group signs a sales pact with Tokyo Gas to supply 1.2 million tons of LNG a year for 20 years from 2015 from the Curtis Island facility

 * Unilever is in advanced talks to sell Sanex brand; deal to be completed in next few weeks with valuation set to be around $1 billion; potential buyers included Procter & Gamble, Henkel and Colgaye

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