The morning news update with Experian, Home Retail Group and Fox Marble


FTSE 100

Associated British Foods (ABF) – revenue for the 16 weeks ended 3rd January 2015 was 3% ahead of the same period last year at constant currency, and was 1% ahead at actual exchange rates. Expects a marginal decline in adjusted earnings per share for the group for the full year.

Tullow Oil (TLW) – reports 2014 revenue of $2.2 billion and pre-tax operating cash flow of $1.5 billion.

Experian (EXPN) – in the three months to 31st December, total revenue from continuing activities was down 1%, at constant exchange rates growth was 2% and organic revenue was unchanged

FTSE 250

Home Retail Group (HOME) – continues to expect benchmark profit before tax for the current FY15 financial year to be in line with the current market consensus.

Bovis Homes (BVS) – expects to announce a significant increase in profit before tax, in line with market expectations, for 2014.

Booker (BOK) – total sales in the 16 weeks, including Makro, rose by 1.4% on the same period last year. 

Small caps

Fox Marble (FOX) – has a confirmed order to supply 900 sqm of polished slabs of its grey Argento Grigio marble to St George Plc, which is the prestige home division of Berkeley Homes.

Bonmarche (BON) – Headline LFL sales increased by 3.8% for the 13 weeks to 27th December, bringing the figure for the year so far to 6.4%.

Rosslyn Data Technologies (RDT) – has won a significant new contract with one of the world’s largest pharmaceutical companies for an initial 12 months, with the potential to expand into multiple other areas. The contract value puts this new client in the top 10 of the Group’s highest value contracts.

SQS Software Quality Systems (SQS) – Results for the year are expected to be in line with the Board’s expectations with turnover of circa €268m. A lower than expected tax rate of 22.5% is expected to result in earnings per share ahead of the Board’s expectations.

Clinigen (CLIN) – continues to perform strongly, in line with expectations in the six months to December. Revenues at £72.6 million were up by 17%.

Swen Lorenz: