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.


Do you like this Post?
Yes
No
3 thumbs up
0 thumbs down
Share this post with friends



Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes. Its insurance operations include Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom. Its asset management operations include Eastspring Investments, M&G and Prudential Capital. more »

LSE Price
1774p
Change
0.0%
Mkt Cap (£m)
45,874
P/E (fwd)
12.0
Yield (fwd)
2.8

Aggreko plc is a United Kingdom-based company, which is a 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 businesses: utility and industrial. The Industrial business operates in emerging markets to develop solutions and then rent its equipment for the customers to operate themselves. The Utility business also serves emerging markets, acting as a power provider, installing and operating modular, mobile power plants. The Rental Solutions segment is a transactional business that offers power adjacencies, such as heating, cooling, oil-free air and load-banks. The Company focuses on a range of sectors, including petrochemicals, oil and gas, events, utilities, manufacturing, services, construction, mining and shipping. more »

LSE Price
908p
Change
1.9%
Mkt Cap (£m)
2,326
P/E (fwd)
14.7
Yield (fwd)
3.1



  Is Misys fundamentally strong or weak? Find out More »


What's your view on this thread? Log In to Comment Now

You can track all @StockoChat comments via Twitter




Stock Picking Tutorial Centre



Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis