The morning news update with Royal Mail, Telecom Plus and Falanx

FTSE 100

Intertek (ITRK) – 2014 operating margin expected to be broadly stable on full year 2013.

Royal Mail (RMG) – reported pre-tax profits down from £1.58 billion to £167 million in the six months to 28th September. Dividend of 6.7p per share announced.

FTSE 250

Galliford Try (GFRD) – its Scottish business Morrison Construction has been successfully appointed to North Lanarkshire Council’s Schools and Centres 21 Phase 2 Framework, which is expected to produce a pipeline of up to £100 million in schools projects over the next four years.

Telecom Plus (TEP) – Adjusted profit before tax up 55% to £21.3 million in the six months to September, interim dividend up by 19% at 19p per share,

Carillion (CLLN) – appointed preferred bidder to provide facilities management services in public sector prisons, worth up to approximately £200 million over five years

ICAP (IAP) – pre-tax profits down by 10% at £36 million in the year to September.

Small caps

Falanx (FLX) – announces a new two year contract to provide managed Cyber Defence services to CERT-UK, the UK’s Computer Emergency Response Team. 

Westminster Group (WSG) – its Managed Services division has secured a 21 year concession and lease agreement with a government in West Africa for the complete management and operation of a number of recently constructed ferry terminals together with the provision of a sea ferry transfer service, integrating with, and complementing, its current West African airport operations. The deal has $300 million revenue potential.

MyCelx Technologies (MYX) – believes project award notifications in regard to three projects worth a total of $20 million are forthcoming in the near term. Should no revenue from these three projects be recognised in the 2014 financial year, the company would expect the revenue to be no less than $16 million.

Orosur Mining (OMI) – has signed a non-binding letter of intent to option its interest in the Anillo project in Chile to Asset Chile Exploración Minera Fondo de Inversión Privado.

Chesnara (CSN) – Profit on an IFRS basis before tax for the nine months ended 30th September was £30.3 million, down from £32.8 million.