The Morning news update with Coca Cola HBC, Balfour Beatty and Good Energy

1 mins. to read

FTSE 100

Coca Cola HBC (CCH) – pre-tax profits up by 45% at €95 million for the six months to June.

FTSE 250

Balfour Beatty (BBY) – has concluded that the current proposal from Carillion is not in the best interests of Balfour Beatty shareholders. Also posts underlying pre-tax profits down by 53% at £22 million for the six months to June, dividend held at 5.6p per share.

MITIE (MTO) – has had a positive start to the year with good organic revenue growth driven by new and expanded contracts. At 30th June, 90% of budgeted revenues for this financial year had already been secured.

Workspace (WKP) – has secured planning permission for its redevelopment of Enterprise House in Hayes, a 50/50 joint venture with Polar Properties.

Small caps

Eckoh (ECK) – has secured a new 3 year agreement with Tenpin Ltd, a leading operator of bowling and family entertainment centres across the UK.

Good Energy (GOOD) – expects the full year performance to be in line with its expectations. However, this is dependent on the level of profit achieved through the sale of West Raynham, continued customer growth and no further reduction in energy usage.

Avanti Communications (AVN) – has completed contracts to purchase and launch the HYLAS 4 satellite.

Jubilee Platinum (JLP) – subsidiary, Tjate Platinum Corporation Proprietary has submitted its Environmental Impact Assessment and Environmental Management Programme to the Department of Mineral Resources in respect of the Tjate Platinum Mine Project. This submission is expected to be the final requirement of the DMR towards achieving a mining right for the Tjate Project.

Gable (GAH) – Gen Re, a Berkshire Hathaway company, has become a reinsurance partner to Gable Insurance AG, a wholly-owned subsidiary of Gable.



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