The Morning news update with Compass Group, Balfour Beatty and Zambeef

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FTSE 100

Compass Group (CPG) – expectations for the full year therefore remain positive and unchanged, notwithstanding the translation impact of ongoing movements in foreign currencies. 

AstraZeneca (AZN) – has presented new data from its pipeline of investigational cancer medicines at the European Society of Medical Oncology (ESMO) 2014 Congress in Madrid.

Aberdeen Asset Management (ADN) – Assets under Management up 3% to £331.2 billion as at 31st August 2014.

BAE Systems (BA.) – Group order intake for the period from 1 January 2014 to 23 August 2014 was £7.9bn, including £2.6bn from non-UK/US markets.

FTSE 250

Diploma (DPLM) – After adjusting for acquisitions and strong currency headwinds, underlying revenue growth for the year to September is expected to be 7-8%.

Balfour Beatty (BBY) – announces a further profit shortfall of approximately £75 million in Construction Services UK.

Workspace (WKP) – has exchanged contracts for the disposal of a portfolio of non-core industrial estates for gross proceeds of £44.3 million, to Capital Industrial One.

Small caps

Brady (BRY) – Norilsk Nickel, the world’s leading nickel producer, has selected Brady CTRM software to manage its trading and risk management activities for base, minor and precious metals, as well as concentrates.

Zambeef Products (ZAM) – expects reported revenues for the year to 30th September to be slightly lower than market expectations on translation into US dollars. However, the relatively stable exchange rate in the second half means the expected adjusted loss before tax (excluding unrealised exchange gains/losses) to be better than market consensus.

Amara Mining (AMA) – announce an updated NI 43-101 compliant Mineral Resource estimate for its 100% owned Yaoure Gold Project. There is a 248% increase in Indicated ounces with 43% of 6.3 million ounces contained within the US$1,500 per ounce pit-shell now within the Indicated category.

Chaarat Gold (CGH) – reports a loss of $3.66 million for the six months to June.

Stanley Gibbons (SGI) – has reached agreement on the terms of a recommended cash offer for antiques dealer Mallett worth £8.6 million.

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