The Morning News Update with Rolls Royce, Go-Ahead and Quindell

FTSE 100

Rolls Royce (RR.) – committed to a share buyback of £1bn subject to the completion of the sale of its Energy gas turbine and compressor business to Siemens. 

FTSE 250

Go-Ahead Group (GOG) – full year expectations for the bus operations remain unchanged and expects the rail division to deliver operating profit ahead of previous expectations, with second half profits slightly lower than first half.  

Balfour Beatty (BBY) – announces the award of a £184 million motorway scheme to upgrade a 17 mile stretch of the M60 and M62 to a ‘smart motorway’.

Kier (KIE) – has been appointed by Genesis Housing Association to deliver planned maintenance works across a portfolio of 33,000 properties in London and the East of England. The four-year contract is valued at £140m and has the potential to be extended for a further six years.

Carillion (CLLN) – selected as a partner by the Highways Agency for £184 million smart motorway contract and signs a £200 million support services contract with Nottingham University Hospitals NHS Trust  

Small caps

Publishing Technology (PTO) – expects its results for the year ending 31st December 2014 to be below market expectations and broadly in line with the full year results for 2013.

Quindell (QPP) – overall performance in relation to key performance indicators (cash conversion, adjusted EBITDA and adjusted EPS) continues to provide the board with confidence in the Group’s ability to meet full year market expectations. Appoints Robert Fielding as Group Chief Executive Officer with Robert Terry remaining as Chairman of the Board.

Greenko (GKO) – announces the commissioning of a further 50 MW of wind assets, taking the Company’s total generating portfolio to 661 MW, more than doubling capacity since April 2013. Also reports profit after tax increased 55% to €9.3 million in the year to March.

Motive Television (MTV) – Group operating loss reduced by 14% to £1,861,778 from £2,171,913 in 2012.