Midday Market Overview

One for the UPS
BMC 59p

A suppose bid for the company at around 1 is on the cards today with some conditions.


Escrow Agreement

The board of Birmingham announces that on 20 August 2009 it entered into an
escrow agreement (the "Escrow Agreement") with Grandtop International Holdings
Limited ("Grandtop"), the holder of an existing 29.9% interest in the issued
share capital of Birmingham. Under this agreement, Grandtop has put down a
deposit of GBP3 million (the "Deposit") with a view to making an offer for the
entire issued share capital of the Company (other than the shares in Birmingham
already held by Grandtop (the "Offer"). The GBP3m deposit is a surety for
Grandtop's ability and intention to make an Offer, without which the Company was
unable to commit resources to considering an Offer. It is payable by Grandtop to
the Company if an Offer does not materialise.



after early profit taking once the news came out, is now bouncing back

Both UPS are doing nicely

TLDH 8.50p +0.50p

BMC 63.50p +14.50p

End-of-day Market Overview