FTSE 350 Weekly News Recap featuring Greene King, IG Group Holdings, Misys, WH Smith, Compass Group, Aggreko, Wincanton and Halfords

Friday, Jun 11 2010 by
3

Friday

Greene King (LON:GNK) has acquired four pub restaurants from Punch Taverns for a total consideration of £5.3m.

Thursday

Halfords Group (LON:HFD) released preliminary results for the year ended 2nd April 2010.  Revenue was up £36.9m to £831.6m while profit before tax was up £24.7m.  The Board has recommended a final dividend of 14.0p making a full year dividend of 20.0p, up 25.8% on the previous year.

Wincanton (LON:WIN) saw revenue decline 7.6% to £2,182.9m for the year ended 31st March 2010.  The full year dividend has been maintained at 14.91p.

Home Retail Group Plc (LON:HOME) said that economic conditions remain both challenging and uncertain, with this quarter proving difficult in terms of consumers’ willingness to spend.  The Company is targeting to achieve a similar level of profitability to last year.

BP (LON:BP.) has noted the fall in its share price in US trading last night.  The Company is not aware of any reason which justifies this share price movement.

Wednesday

IG Group Hldgs (LON:IGG) expects to report revenue of approximately £298m and adjusted profit before tax of approximately £157m, representing revenue growth of 16% and profit growth of 25%, for the year ended 31st May 2010. 

Misys (LON:MSY) has agreed to sell the majority of its 54.6% interest in its Allscripts subsidiary, and that Misys intends to return substantially all of the proceeds to shareholders. 

Tuesday

Chloride Group (LON:CHLD) has agreed to recommend the all cash offer by ABB for the Group of approximately £860m.  The Boards of Directors of both companies have agreed on a recommended offer price of 325p per Chloride share.

Wh Smith Plc (LON:SMWH) said that total Group sales in the first 14 weeks of the second half of the financial year were down 3% were down 3% with like-for-like sales down 4% compared to the same period last year.  The Board remains confident in the outcome for the full year.

Compass Group (LON:CPG) has announced the acquisition of Southeast Service Corporation for a cash consideration of $65m.

Aggreko (LON:AGK) expects Group revenue for the first half of the year to grow by around 10% and trading profit will increase by around 20%.

Monday

Prudential (LON:PRU) released a trading update in which it reported Group-wide sales of £1,355m for the first five months of the year, up 27% on the previous year.  Performance in Asia was particularly strong with sales up 33% to £579m while the Company also reported record retail sales in the US of £454m which was an increase of 41% on the previous year.


Filed Under: Markets, FTSE 350 Index,

Disclaimer:  

Past performance is not a guide to future returns. The value of investments and the income from them may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested. For risks relating to specific products, please refer to the relevant documentation for that product.


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Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital. Prudential Corporation Asia's business is health, protection, either attached to a life policy or on standalone basis, other life insurance and mutual funds. M&G manages the investments of individuals, institutions and the United Kingdom policyholders of Prudential funds. The Prudential UK & Europe business unit provides long-term products, including life insurance, pension products and pension annuities. Jackson provides retirement income and savings solutions in the mass and mass-affluent segments of the United States market. more »

LSE Price
1360.5p
Change
-1.1%
Mkt Cap (£m)
35,489
P/E (fwd)
11.0
Yield (fwd)
3.2

Aggreko plc is a United Kingdom-based provider of modular, mobile power and related solutions. The Company's segments include Power Solutions and Rental Solutions. The Power Solutions segment provides solutions for power requirements. The Power Solutions segment has two divisions: utility and industrial. The utility division handles power contracts, typically for utilities. The industrial division offers solutions from its local service centers to industrial customers. The Rental Solutions segment is a transactional business, which focuses on various sectors and operates in various markets, and provides power and related solutions to a range of customers. The Rental segment provides a multiproduct offering with power adjacencies, such as temperature control, oil-free air and loadbanks across various sectors. It caters to a range of sectors, including petrochemical and refining, oil and gas, events, utilities, manufacturing, services, contracting, construction, mining and shipping. more »

LSE Price
942.5p
Change
-1.7%
Mkt Cap (£m)
2,513
P/E (fwd)
13.4
Yield (fwd)
2.9



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