risers & fallers – 18/02/14

1 mins. to read


John Wood Group +3.92%

John Wood Group has today posted a 14% increase in full-year pretax profit to $412.8m, up from $361.4m a year earlier. A 3% increase in revenue was also reported to $7.06bn, a rise from $6.83bn. The oil company did however warn of a potential 15% drop in profits in its engineering unit throughout 2014; however the company has already made investors aware of this. 

Probability PLC +53.97%

Probability PLC has today announced they have accepted an £18.0m cash acquisition offer by GTECH UK Interactive. Shareholders in Probability will receive 50 pence per share they hold. 

Bank of Georgia Holdings +3.68%

Bank of Georgia Holdings has today reported a 16.6% increase in full year profit to GEL206.3m Lari and also record revenue figures of GEL545.5m – a 9.5% rise. The record results have been driven by the groups insurance and health subsidiary, Aldagi.



InterContinental Hotels -4.25%

Intercontinental Hotels Group’s share price is down over 4% this morning despite the company posting positive full year figures. Full year revenue increased 4% to $1.9bn and full year profit was reported at $600m, up from $585m that was forecasted. Chief Executive Richard Solomons has said: “Looking into 2014, although economic conditions in some markets remain uncertain, forward bookings data is encouraging and we are confident that we will deliver another year of growth”. 

Pinnacle Technology Group -4.66%

Shares have dropped over 4% in Pinnacle Technology Group this morning after the technology solutions specialists reported a widened pretax loss of £2.4m compared to £1.1m last year. Revenue was also down, reported at £10.1m in comparison to £12.7m in the previous financial year.  

Pendragon PLC -5.84%

Shares are down over 5% in car dealership Pendragon this morning despite the company posting a rise in full year pretax profit to £38.9m. CEO, Trevor Finn has highlighted the strong performance of the group in the following statement:“Continued strong performance in the used, aftersales and new sector has generated a material step forward in profitability. Underlying profit before tax is up 21% in the period and the Group continues to achieve record used performance, with volume growth of 7%. 

Morgan Sindall -4.05%

Full year pretax profit at Morgan Sindall has fallen to £13.9 from £34.2m in 2012, the company has today reported. Revenue was up slightly at £2.1bn from £2.05bn in 2012.

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