The Morning News Update with BG Group, Vesuvius and Accesso Technology
FTSE 100
BG Group (BG.) – announces revisions to the remuneration package for new Chief Executive, Helge Lund, in response to shareholder concerns.
Aberdeen Asset Management (ADN) – Underlying profit before tax increased by 2% to £490.3 million in the year to September, total dividend up by 2p to 18p per share.
FTSE 250
Carillion (CLLN) – has agreed to acquire a 60 per cent interest in the trade and assets of Rokstad Power Corporation for up to £33 million.
Vesuvius (VSVS) – confirms that it does not now intend to make an offer for Morgan Advanced Materials after a merger was rejected by Morgan without discussions taking place.
Small caps
Aureus Mining (AUE) – announce a NI 43-101 resource update for the Ndablama gold project. Estimated total Mineral Resource at a 0.5 g/t cut off of 386,000 oz at 1.6 g/t gold Indicated and 515,000 oz at 1.7 g/t gold Inferred. This upgrade represents in aggregate a 100% increase from the 451,000 oz maiden Inferred Resource.
Accesso Technology (ACSO) – expects to deliver adjusted profit before tax and cash generation ahead of current market expectations.
Bonmarche (BON) – Profit before tax of £6.4 million, up 68.1%, in the 26 weeks to 27th September. Interim dividend of 2.3p per share announced.
Trakm8 (TRAK) – posts pre-tax profits of £717,000 for the six months to September, up from £24,000.
Inland Homes (INL) – has achieved 161 private housing completions since 1st July 2014 of which 94 units were at the firm’s development in Ashford, Middlesex.
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