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


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


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.


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. 


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%.


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,


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?
3 thumbs up
0 thumbs down
Share this post with friends

Prudential plc (Prudential) is an international financial services group, with operations in Asia, the United States and the United Kingdom. Prudential is structured around four main business units: Prudential Corporation Asia (incorporating the asset management business, Eastspring Investments), Jackson, Prudential UK insurance operations and M&G. It offers life insurance, and health and protection products, such as health, disability, critical illness, and accident coverage products. It also provides selected personal lines property and casualty insurance, group insurance, institutional fund management and consumer finance. The Company also provides long-term savings and retirement products to retail and institutional customers, as well as fixed annuities, variable annuities, and institutional products, including guaranteed investment contracts, funding agreements, and medium-term note funding agreements. more »

Share Price (Full)
Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

Aggreko plc is a United Kingdom based technology company. The Company provides power and temperature control solutions to customers who need them either quickly, or for a limited period of time. The Company has two business models which include Local business and Power Projects business. In the Local business, the Company hires its equipment to customers who operate it for themselves. In the Power Projects business, the Company operates as a power producer; it installs and operates power plants and the customers pay the Company for having the generating capacity available, as well as the electricity the Company deliver to them. The Company serves its customers globally, and conducts its business from approximately 202 service centers and offices, located in 49 countries. more »

Share Price (Full)
Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

  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
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