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Morning news wrap: Tullow Oil, Balfour Beatty, Debenhams, 888 Holdings

In the FTSE 100, oil and gas producer Tullow Oil (LSE: TLW) said that the Kasamene-3 and Kasamene-3A wells in the Butiaba region of Uganda Block 2 have successfully delineated the extent of oil in the Kasamene field and discovered oil in the Wahrindi North fault block.

In the FTSE 250, construction company Balfour Beatty (LSE: BBY) has secured a £95 million contract from Hartlepool Building Schools for the Future (BSF) programme by Hartlepool Borough Council.

Retailer Debenhams (LSE: DEB) reported on its interim results, saying that gross transaction value rose 8.4%, while like for likes increased 0.3%.

888 Holdings (LSE: 888) said its independent B2B division Dragonfish has signed an extension to its existing agreement with Cashcade.

In AIM, Botswana operating nickel and copper miner Discovery Metals (AIM: DME) said that BFS (bankable feasibility study) components from consultants for the current open pit deposits are complete and being prepared for Board review in early May and external presentation shortly after.

Baobab Resources (AIM: BAO) said that its Tete joint venture partner, IFC (International Finance Corporation), a member of the World Bank Group, has committed to supporting the 2010 exploration programme through a pro rata contribution of approximately US$700,000.

Seeing Machines (AIM: SEE) has won a contract from Freeport-McMoRan Copper & Gold Inc. (Freeport) to supply DSS driver monitoring equipment to the Safford mine in Arizona.