Luxury designer company, Burberry PLC, has today reported a 14% increase in Q3 retail revenue directly affected by the surge in online sales and increased sales growth at stores throughout China. The Q3 retail sales during the three months to Dec 31 increased to £528m compared to £464m a year earlier – a 14% rise. Burberry has however revealed it could be adversely affected by stronger GBP.
African Barrick Gold +3.06%
Tanzanian gold producer, African Barrick Gold, has today revealed positive news regarding its Bulyanhulu project after performing exploration drilling. The company also posted positive results from Aircore drilling on its Kenyan Joint Venture Properties.
Jupiter Fund Management +3.19%
Jupiter Fund Management has today posted a 6% increase in assets under management to £31.7 billion during the three months to Dec 31. The company also reported that £458m of mutual fund inflows were due to ‘improved client sentiment’. Jupiter Fund Management has cumulative net mutual fund inflows of £1.2 billion during the year to 31 Dec.
Firestone Diamonds +30.77%
Firestone Diamonds has today told investors it now has the $222m required to make its Liqhobong diamond mine in Lesotho. The capital has been raised through an $82.4m debt facility, $60m at 3p a share, $10m of bridging finance from two new investors with the remaining amount raised via a mezzanine debt facility. Chief Executive Stuart Brown has said “(This) is an outstanding achievement for a company of Firestone’s size, particularly given the current challenging mining finance environment and it represents a clear endorsement for the quality of this project.”
Entertainment and bowling centre operator, Essenden, has today reported an 8.4% increase in like-for-like sales during the 15 weeks to 12 Jan.
Communisis PLC +4.20%
Communication services provider, Communisis, has today told investors they expect trading for the full year to be in line with the board’s expectations. The company expects around 18% of its total revenue will have come from overseas sources during 2013 after its international expansion.
Tullow Oil -1.40%
Tullow Oil began trading up during early morning, however has now slipped back with the fallers of the FTSE 100. The London-based oil company expects production figures of 84,200 barrels of oil a day for 2013 compared to 79,200 a year earlier. Full year revenue is expected to be $2.60 billion compared to $2.34 billion in 2012. Exploration director Angus McCoss has said: “Exploration results to date from the first basin, among a chain of basins, have proven that Tullow’s onshore acreage in northern Kenya has the potential to become a significant new hydrocarbon province”.
Fenner PLC -6.80%
Industrial belt manufacturer, Fenner PLC, has today revealed it is trading in line with the boards expectations, however the company added this is below the level of trading of the previous financial year. The decline is said to be the result of strong trading in Australia during Q1 of 2013.
Diploma PLC -2.29%
Diploma PLC has reported a 4% increase in revenue on last year which surprised investors as the company’s overseas businesses were directly affected by increased sterling. The company reported net cash funds of £22m on 31 Dec.
Anglo Asian Mining -20.83%
Gold producer Anglo Asian Mining has today revealed that profits will decline due to processing difficulties and poor weather at its Gedabek mine in Azerbaijan. The company reported Q4 gold production of 14,329 ounces from its Gedabek mine and also said cash costs per ounce is set to rise.
ICT group Datatec now expects profitability to be lower than forecasted due to a decline in trading in Westcon and a non-cash provision of around $20m. This provision is expected to reduce the group’s profits (after tax) by around $13m.
Management Consulting Group -4.37%
Management Consulting Group has today revealed they expect to report underlying operating profit and revenue lower that previously forecasted. The company has blamed this decline on weak demand in France, one of the company’s biggest markets.