The Morning News Update with SABMiller, Taylor Wimpey and Churchill China

1 mins. to read

FTSE 100

SABMiller (SAB) – has now completed its strategic review and has decided to dispose of up to all of its ordinary shares in Tsogo Sun.

Anglo American (AAL) – intends to sell its 50% interest in Lafarge Tarmac to Lafarge for a minimum value of £885 million ($1.5 billion).

FTSE 250

Taylor Wimpey (TW.) – confident of delivering on full year expectations and delivering medium term targets from 2015 and beyond.

Segro (SGRO) – has exchanged contracts for the sale of Pegasus Park in Brussels to funds managed by Ares Management LP for €83.4 million (£66.2 million).

Amlin (AML) – has reached non-binding agreement in principle to increase its existing interest in Leadenhall Capital Partners fro#m 40% to 75%.

Small Caps

Avanti Communications (AVN) – Turkish telco ESER Telekom has signed an additional capacity contract with Avanti Communications for delivery of a government contract in the Middle East. 

Alkane Energy (ALK) – expects H2 production to be substantially ahead of H1 2014.

Progility (PGY) – largest shareholder, Praxis Trustees, has indicated that it is prepared to support the Group’s acquisition strategy by making up to £30 million of additional funding available.

Fastjet (FJET) – operations in Tanzania carried a total of 53,386 passengers and achieved a load factor of 79% in June, representing a 24%  increase in passengers compared with the previous month.

Churchill China (CHH) – continues to believe that it will meet its performance expectations for the full year.

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