The morning news update with Lloyds, De la Rue and San Leon Energy

FTSE 100

Lloyds Banking Group (LLOY) – has sold 57.5 million ordinary shares in TSB representing approximately 11.5% of the company’s issued ordinary share capital, at a price of 280p per share, raising aggregate gross sale proceeds of £161 million.

London Stock Exchange (LSE) – under the terms of the Rights Issue announced on 22nd August it has received valid acceptances in respect 97.07% of the total number of new shares offered to qualifying shareholders.

FTSE 250

De La Rue (DLAR) – trading conditions across the group have deteriorated such that expectations for the current and next financial year are now lower.

Entertainment One (ETO) – announces long term incentive plans for directors.

Small caps

Avation (AVAP) – has agreed to acquire 351,900 shares in aircraft lessor Capital Lease Aviation, increasing its interest in the voting rights in CLA’s issued share capital to 95.1%

San Leon Energy (SLE) – is spudding the Kety exploration well today, which is the first well of a three-well planned programme in the Karpaty area and Permian Basin in Poland.

CSF Group (CSFG) – posts a loss before tax of £23.9 million for the year to March due to lower data centre revenues, provisions of onerous leases, provisions of doubtful debts on advances made to finance the fit-out of data centres and operating expenditure of its joint-venture in Indonesia.

HC Slingsby (SLNG) – sales in the first three months of 2014 were down by 11% on the comparable period last year. There has been only marginal improvement since, with sales for the six months down by 8% on last year.

 

 

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