The morning news update with easyJet, Fidessa and Minoan
FTSE 100
easyJet (EZJ) – passenger numbers up by 5.5% at 5,835,145 for October 2014, load factor up from 89.1% to 90.9%.
Morrisons (MRW) – In the 13 weeks to 2nd November total sales excluding fuel were down by 3.6% (down 5.6% including fuel), and like-for-like sales were down by 6.3% (8% including fuel).
AstraZeneca (AZN) – Core EPS in the third quarter was $1.05, down 8%. Nine months Core EPS declined 3%; better than anticipated in previous full-year guidance.
FTSE 250
Fidessa (FDSA) – has continued to see improvement across the markets in which it operates and this is being reflected in reduced headwind from consolidations, restructurings and closures in the customer base and also in the current deal pipeline.
Rightmove (RMV) -With continued growth in customer numbers and average spend per advertiser, remains confident of meeting its expectations for the year.
Tate & Lyle (TATE) – adjusted pre-tax profits down by 40% at £104 million in the six months to September, dividend increased by 5.1% to 8.2p per share.
Halfords (HFD) – pre-tax profits up by 10.8% at £49.4 million in the 26 weeks to 26th September, interim dividend up by 5.8% at 5.5p per share.
Small caps
STV Group (STVG) – all areas of the business are continuing to make good progress and the digital business continues to grow, with revenues expected to be up 15-20% year on year.
Minoan (MIN)– notes articles in the Greek media reporting that the Central Council for the Administration of Public Property has discussed and approved the terms of the draft Presidential Decree in respect of the Group’s project in Crete. Has also agreed to issue three-year unsecured convertible loan notes up to a maximum amount of £1.5 million. The conversion price is 15.5p per share and the coupon is 10% per annum.
Corero Network Security (CNS) – expects that results for this year will be below market expectations with revenues of approximately $9.0 million, and loss before interest, tax, depreciation and amortisation to be approximately $7 million.
Good Energy (GOOD) – the firm’s 49.9MW solar site at West Raynham has been sold for £6.8 million, at the top end of the expected range.
Sweett Group (CSG) – expects that results for the year ending 31st March 2015 will be materially below market expectations.
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