Breaking pre-market news on Wednesday,

- SAP Q4 profit falls as customers cut spending – statement.

- BBVA Q4 profit plunges 94 per cent to $44m on asset writedowns – statement.

- Tullow Oil to place new shares equal to 10 per cent of current capital -statement.

- Virgin Money announces offer for Church House Trust, Sir Brian Pitman becomes chairman – statement, FT.

- Kraft reduces number of acceptances required to fulfil the acceptance condition for Cadbury from 90 per cent to 50 per cent plus one Cadbury Share – statement.

- Punch Tavern sells eight pubs to Greene King for £15.9m – statement.

- Corporate: Britvic, Johnson Matthey, Island Oil and Gas, Vedanta Resources, Charles Stanley, WHSmith, Petroneft Resources, Greene King, International Power, Investcorp.

This entry was posted by Izabella Kaminska on Wednesday, January 27th, 2010 at 7:38 and is filed under Capital markets. Tagged with bbva, kraft, Punch Taverns, sap, Virgin Money. Edit this entry.