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Snap news

The latest on Wednesday,

- Legal & General posts 2008 IFRS operating loss of £189m — statements.

- RAB Capital posts 2008 net loss of £17m — statement.

- Premier Oil announces proposed $505m acquisition of Oilexco North Sea Ltd., £171m rights issue — statement.

- JJB Sports says standstill arrangements have been extended, still in negotiations to sell healthclubs –  statement.

- Porsche refinances €10bn loan, plans to seek credit rating — Reuters.

- Corporate:  TUI Travel, Sainsbury, Smiths Group, Ted Baker, Topps Tiles, Imperial Tobacco, HR Owen, Eurasian Natural Resources, Hochtief, Inditex.

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