The morning news update with Rolls Royce, Ted Baker and Tristel

1 mins. to read

FTSE 100

Rolls Royce (RR.) – has won a £50m contract to deliver deck machinery for four large anchor handlers for Edison Chouest Offshore.

Imperial Tobacco (IMT) – announces its intention to launch an IPO of Logista involving its indirectly wholly-owned subsidiary Altadis S.A.U. to sell a portion of its shares to institutional investors. Imperial Tobacco intends to retain the majority of Logista shares.

FTSE 250

Ted Baker (TBK) – announces a 17.9% increase in revenues for the 19 week period from 26 January 2014 to 7 June 2014.

Kentz (KENZ) – announces the award by Qatargas Operating Company for the turnkey process package of a new wastewater facility located in the Qatargas LNG Plant, Ras Laffan Industrial City, Qatar. The contract is valued at around US$125 million.

Oxford Instruments (OXIG) – posts an adjusted profit before tax of £47.1 million for the year to March, up by £0.1 million. Dividend increased from 8.15p to 9.04p per share.


One Media iP Group (OMIP) – has signed a new deal with its worldwide distributor under which it will receive a further advance against future earnings in the amount of $2,000,000 payable on or before the 30th June 2014.

GETECH (GTC) – given the expected cycle time to convert the sales pipeline into contracts and then revenue, the company will deliver pre-tax profit for the 12 month period to 31st July 2014 which is significantly below the market expectations.

Tristel (TSTL) – has raised its internal expectations both for the current and subsequent financial years. Pre-tax profit (before share-based payments) for the year ending 30th June 2014 is now expected to be not less than £1.75 million.

Pressure Technologies (PRES) – underlying earnings per share up 38% to 12.7p in the 26 weeks to 29th March, dividend up 8% to 2.8p per share.

Staffline (STAF) – the acquisition of Avanta Enterprise Limited has completed. 

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