The morning news update with Kingfisher, AO World and Creston

FTSE 100

Severn Trent (SVT) – underlying pre-tax profits up by 10.3% at £155.8 million in the six months to September, dividend up by 5.6% at 33.96p per share.

Kingfisher (KGF) – total retail profit down by 11.8% at £225 million in the 13 weeks to 1st November.

Rolls Royce (RR.) – has been awarded a new, two-year contract to provide aftermarket engine support for the US Marine Corps and Air Force V-22 fleets, which provides a more than 30 percent reduction in support costs.

FTSE 250

IG Group (IGG) – will achieve quarterly revenue ahead of its previous highest quarter at the end of the 2013 year. 

AO World (AO.) – adjusted EBITDA up 115% to £7.3 million in the six months to September.

Mitchells & Butlers (MAB) – posts a reported profit before tax of £123 million for the 52 weeks to September, down from £142 million.

Small caps

Creston (CRE) – Headline PBT up 6% to £3.8 million in the six months to September.

Adept Telecom (ADT) – as been awarded a new NHS Trust contract. The initial contract term is for 12 months, for which the value is anticipated to be around £0.2 million.

Randall & Quilter (RQIH) – has entered into a joint venture arrangement with Phoenix Asset Management Partners to acquire (re)insurance debt in insolvent estates in a jointly held fund.

Accumuli (ACM) – Trading group EBITDA up 36% at £1.9 million in the six months to September.

Publishing Technology (PTO) – has entered into unsecured loan note instruments for in aggregate up to a maximum of £1.25 million from certain of its Directors.

Sinclair IS Pharma (SPH) – continues to trade well and in line with the Board’s expectations. Has decided to appoint Rothschild to assist it in evaluating the optimum way to realise the considerable value in the company which may, or may not, include the sale of all or part of the company.