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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