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 PLC (Prudential) is an international financial services group with operations in Asia, the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations. The Insurance operations segment includes operations in Asia, United States (Jackson) and United Kingdom. The Asset management operations segment include Eastspring Investments, US broker-dealer and asset management (including Curian), and M&G (including Prudential Capita). Prudential provides savings, protection and retirement products. Jackson is the life insurance company, providing retirement savings and income solutions. Eastspring Investments manages investments for Asia, the United Kingdom and the United States life companies. M&G is an investment-led business that manages money on behalf of individual and institutional investors. more »

Share Price (Full)
1505p
Change
0.8%
Mkt Cap (£m)
38,399
P/E (fwd)
12.8
Yield (fwd)
2.8

Aggreko plc is a United Kingdom-based company, which provides power and temperature control solutions. The Company has two business models which include Local business and Power Projects business. The Local business rents power and temperature control equipment to a range of customers who operate it themselves, while the Company services and maintains it. The Power Projects business sells electricity which it delivers using power plants built, owned and operated by the Company. In the Power Projects business contracts are for a defined amount of generating capacity for which there is a fixed monthly capacity charge and also the customer pays a variable charge for each megawatt hour (MW-hour) of electricity they use. The Company's segments comprise three regions: The Americas, Europe, the Middle East and Africa (EMEA) and Asia, Pacific and Australia (APAC), as well as the Total Local business and the Total Power Projects business. more »

Share Price (Full)
1201p
Change
-0.3%
Mkt Cap (£m)
3,086
P/E (fwd)
14.6
Yield (fwd)
2.5



  Is Misys fundamentally strong or weak? Find out More »


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