The Morning news update with Royal Mail, IG Group and IQE

FTSE 100

Royal Mail (RMG) – the first three months of the financial year have delivered low single digit revenue growth, with a good performance in letters but a weaker than expected performance in UK parcels, Overall performance expected to remain in line with expectations for the full year.

ARM Holdings (ARM) – normalised pre-tax profits up by 9% at £94.2 million for the six months to June.

FTSE 250

Galliford Try (GFRD) – has reached financial close on a £35.4 million project to construct the new Inverness Royal Academy and a £15.4m project to construct Noss Primary School in Wick.

IG Group (IGG) – pre-tax profits up by 1.3% at £194.7 million in the year to May, full year dividend up by 21.1% at 28.15p per share.

QinetiQ (QQ.) – outlook for the full year to 31st March 2015 is unchanged from that set out in the preliminary results on 22nd May.

Small caps

IQE (IQE) – EBITDA of approximately £11 million for the six months to June, up 5% on H1 2013. Remains on track to achieve full year expectations.

Abcam (ABC) – anticipates adjusted profit before tax to be slightly higher than consensus expectation.

Ubisense (UBI) – has signed an initial $1.5 million contract for Ubisense myWorld with one of the largest electric power utilities in the United States.

Brady (BRY) – Trading for the first half of the year has been in line with management’s expectations, delivering strong earnings growth compared with the first half last year. Remains on track to deliver full year results in line with market expectations.

Spectra Systems (SPSY) – has executed contracts with two suppliers of product authentication services in Asia for its Smartphone based technology for authentication of retail products.