risers & fallers – 03/03/14

Risers: 

Interek Group +0.17%

Interek Group has today reported a 9.8% increase in full year pretax profits to £281.8m, up from £256.6m a year earlier. Revenue was also reported 6% higher at £2.18bn with the group adding profit for 2014 is set to improve. Chief Executive Wolfhard Hauser has said: “Variable market conditions in the second half of 2013 have continued into the start of this year. As markets stabilize and the benefit of the Group’s restructuring and cost reductions comes through, we expect 2014 to be a year of progressively improving growth and profitability”. 

Hellermann Tyton Group +5.21%

Shares in Hellermann Tyton Group have increased over 5% during early morning trading despite the group posting a 30% drop in full year pre tax profits. Investors havent been phased by the fall, instead feeding off the group reporting an increase in dividend and saying they have had a strong start to the new year. Pretax profit was reported at €35.1m, down 30% from €50.3m. 

Amlin PLC +4.01%

Amlic PLC has reported a 23% jump in full year pretax profits to £325.7m, up from £264.2m last year and significantly higher than consensus which analysts estimated pretax profit would be £297.5m. Chief Executive Charles Philipps has said: “Our 2013 result is a testament to the strength of our talent and reinforces our capability and potential. With a number of businesses improving their performance, and our actions to drive profitability forward, we are well placed to continue to deliver good returns for shareholders”. 

Hardide PLC +26.32%

Surface coating specialists Hardide PLC has revealed they have entered a stragetic supply agreement  with General Electric Company. Shares jumped over 26% after the company revealed the 2 year agreement.

Fallers: 

Amedeuo Resources -8.89%

Investment company Amedeuo Resources has revealed £5.2m has been raised through a subscription and share placement. £2.2m was raised via the placing of 221.3m new ordinary shares at 1p each and £3m raised through the subscription of 300.5m new ordinary shares at 1p each. Shares are down over 8% after the company made the annoucement. 

Smith News PLC -13.63%

Newspaper wholesalers Smiths News PLC has today revealed to investors that it’s HY pretax profits are set to be in line with its previous financial year.