The morning news update with Sage, Ladbrokes and Universe Group

1 mins. to read

FTSE 100

Sage Group (SGE) – pre-tax profits up by 69% at £278 million in the year to September, dividend up by 7% at 12.12p per share.

Antofagasta (ANTO) – Iván Arriagada Herrera has been named as the CEO of Antofagasta Minerals, the mining division of the Group, with effect from 16th February 2015.

London Stock Exchange (LSE) – has today completed the acquisition of Frank Russell Company.

FTSE 250

Ladbrokes (LAD) – With four weeks to go the company is trading in line with its expectations for the current year. CEO Richard Glynn will step down but continue in his role into 2015, with the Board shortly starting to identify his successor shortly.

Brewin Dolphin (BRW) – posts a statutory profit before tax of £8.6 million for the 52 weeks to 28th September, a decrease of 70%, due to previously announced exceptional write off.

Small caps

Universe Group (UNG) – announces a major new contract with Morrisons, for the design and build of the loyalty platform for Morrisons new price match and points card ‘Match & More’. The deal helps to support current market forecasts for the Group in the current financial year and beyond.    

Chesnara (CSN) – announces the acquisition of the Waard Group, comprising three insurance companies and a servicing company, for a consideration of €67.8 million. Placing of £35.7 million completed to support the deal. Graham Kettleborough, Chief Executive Officer, has given notice of his intention to step down to be replaced by John Deane.

Jubilee Platinum (JLP) – reports a loss for the year ended 30th June 2014 of 1.27 pence per ordinary share compared with a loss of 2.41 pence per ordinary share for 2013.

Orosur Mining (OMI) – announces the appointment of Daniel Moretti as Chief Financial Officer and Company Secretary, with immediate effect.

SyQic (SYQ) – The Telco business remains strong and Yoomob generated revenues of approximately £7.6 million to the end of September 2014 against £4.7m for the group in the 12 month period to end December 2013.



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