The Morning News Update with Royal Mail, Hays and Accesso Technology

1 mins. to read

FTSE 100

Rolls Royce (RR.) – Norwegian has selected Rolls-Royce Trent 1000 engines for nine additional leased Boeing 787-9 Dreamliner aircraft. The airline has also ordered long-term TotalCare® service support for engines powering the nine aircraft, worth $440m.

Old Mutual (OML) – the initial public offering of 22,000,000 ordinary shares of OM Asset Management has been priced at $14.00 per share.  Shares of OM Asset Management are expected to begin trading today on the New York Stock Exchange under the ticker symbol “OMAM”. The offering is expected to close on 15 October 2014.

Royal Mail (RMG) – has entered into a settlement agreement with the French competition authority in respect of the alleged breaches of antitrust laws by one of its subsidiaries, GLS France, during the period before the end of 2010. As such it has made a financial provision of £18 million in its financial statements for the half year ended 28 September 2014.

FTSE 250

Wood Group (WG.) – Year to date trading supports a full year outlook consistent with that in the interim statement of 19 August 2014, led by growth in PSN Production Services.

Victrex (VCT) – Although sales volumes were particularly strong, profit expectations remain largely unchanged for the year to September.

Hays (HAS) – In the first quarter ended 30 September 2014 net fees increased 4% on a headline basis and 9% on a like-for-like basis against the prior year.

Small caps

Jelf Group (JLF) – has experienced a positive second half of the year with results expected to be in line with market expectations.

Accesso Technology (ACSO) – Merlin Entertainments has agreed to extend its current trial of the accesso Passport suite of ticketing and e-commerce solutions to four venues in the USA.

Scapa Group (SCPA) – Group revenue and trading profits have seen good growth over the same period last year, despite currency headwinds, which have reduced since the trading update on 22nd July.

Grafenia (GRA) – since July, trading has continued in a similar manner and is broadly in line with management’s expectations for the six months to 30th September 2014.

Alternative Networks (AN.) – trading for the year ended 30 September 2014 in line with the Board’s expectations for the Group

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