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Snap news

Breaking pre-market news on Tuesday,

- Punch Taverns to spin off managed pubs business, Spirit — statement.

- Forth Ports recommends £16.50 a share offer from Arcus European Infrastructure Fund — statement.

- BILT Paper to seek listing on the London Stock Exchange — statement.

- Ofcom unveils 4G mobile auction spectrum plan — statement.

- Gulf Keystone Petroleum says 10,000 barrels a day production possible at Shaikan-2 well — statement.

- AssetCo granted injunction against chief executive John Shannon — statement.

- Corporate: Cairn Energy, Rolls-RoycePetropavlovsk, Shore Capital, Exillon Energy, Phorm GroupLondon Capital Group, Corin.

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