This week: IDEA generates strong growth, FML on the front foot and SORB preserves inner Mongolian plan   Jim Mellon will be providing the headline speech at a Biotech Conference, Understanding the Biotech Revolution, to be held in London on Monday 13th May 2013. To register, conference website is at: www.biotechrevolution.co.uk

The bull run that saw the FTSE 100 cross 6,500 in the middle of March failed to reignite last week as mixed corporate results continued to remind investors of the economic cycle. The FTSE 100 lost 95 points to reach 6,285, and the AIM All Share closed at 705, down 23 points. The deflation in commodities is starting to impact even the large diversified industrials such as Caterpillar, with earnings disappointment in the technology space (IBM, Spirent, etc) further underlining the precarious state of the world economy. This week’s busy earnings calendar is bound to throw up more surprises but the rotation into defensive stocks should underpin the main indices. The main talking point in the economic calendar is likely to be release of GDP figures on both sides of the Atlantic (UK figures on Thursday and US on Friday). 

Disclaimer- This document, which does not constitute research, has been issued by Hybridan LLP for information purposes only- please refer to the disclaimer in full below.  

RGO Contract wins, AGTA Issue of equity, BZT GM Inquorate, COG AIM listing, CON Fundraise, ECK Trading update, FRX Project Update, FTC Interim management statement, FML Operational and Financial update, IDEA Contract Wins and Trading Update, IKA New European customer, LRL Quarterly Report, LID Preliminary results, NETD Final results, ODX US Patent, OMIP AIM listing and first acquisition post listing, RLD New CFO, SAR Co development agreement, ZZZ Financial update, STI Afar JV update, SORB AGM Statement, SUMM new data at conference and preliminary results, UBC Trading update, UBI General Electric contract

2ergo Group (LON:RGO 9.75p/£6.29m) 2ergo Group, the owner and international provider of patented contactless mobile technology, has announced contract wins for its podifi contactless mobile loyalty and couponing system. New client wins include a Premier League football club which is trialling the podifi platform for the remainder of this season ahead of a full roll out for the start of the 2013/14 season. The club-branded digital wallet will allow supporters to download mobile coupons for use within the stadium, collect…

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