The Morning News Update with RBS, WPP, Regus and Coms

1 mins. to read

FTSE 100

Rolls Royce (RR.) – BG Group has selected the Trent 60 DLE industrial gas turbine as the driver for the main refrigeration compressors in the proposed Lake Charles LNG Export project in Louisiana, USA.

International Consolidated Airlines (IAG) – posts a third quarter operating profit of €900 million, up from €690 million.

Royal Bank of Scotland (RBS) – Q3 2014 attributable profit was £896 million, up from a loss of £828 million in Q3 2013. The quarter included net impairment provision releases of £801 million, principally in Ulster Bank and RBS Capital Resolution, and litigation and conduct costs of £780 million.

WPP (WPP) – third quarter reported revenues up 3.1% at £2.763 billion, up 10.8%.

FTSE 250

Supergroup (SGP) – Profits warning. Sector discounting and continuing weather related uncertainty, together with a planned strategic investment in the cost base, has led the board to revise its full year profit guidance to a range of £60-65 million.

Regus (RGU) – in the quarter to 30th September group turnover increased by 13.5% to £413.6 million.

Elementis (ELM) – expects full year earnings per share to be in line with market expectations.

Small caps

1Spatial (SPA) – increase in Adjusted EBITDA of 140% to £1.2 million in the year to July.

Coms (COMS) – posts a loss of £214,536 for the six months to July, up from a loss of £118,645.

MartinCo (MCO) – has acquired Xperience Franchising Limited and Whitegates Estates Agency Limited for a consideration of £5.0m in cash plus an amount representing the net assets of Xperience at completion, expected to be approximately £1.0 million in cash. 

ULS Technology (ULS) – expects to report first half results in line with management expectations.

Goldplat (GDP) – remains confident that the company is on track to report an operating profit for FY 2015.

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