The Morning news update with Serco, Ladbrokes and Mirada

FTSE 100

None reporting

FTSE 250

Serco (SRP) – adjusted pre-tax profits down by 66% at £33.3 million for the six months to June, dividend flat at 3.1p per share. Appoints current CFO Angus Cockburn as Group Chief Financial Officer as from the end of October 2014.

Ladbrokes (LAD) – Group operating profit of £56.8 million down 33.7% in the six months to June, dividend maintained at 4.3p per share.

SIG (SHI) – underlying pre-tax profits up by 23.5% at £41.5 million in the six months to June, dividend increased by 23.5% to 1.42p per share.

Small caps

Ortac Resources (OTC) – posts a pre tax loss of £1.768 million for the year to March in line with expectations and with the previous year.

Tangiers Petroleum (TPET) – the company’s securities continue to be suspended on both ASX and AIM pending the release of an announcement to the market in relation to Tangiers’ funding obligation for the TAO-1 exploration well.

Mirada (MIRA) – posts a profits for the year to March of £40,000.

PROACTIS (PHD) – Adjusted EBITDA is expected to be circa £1.8 million for the year to July.

Volution Group (FAN) – Revenue in the 12 month period was £121 million, an 18.2% increase compared with the prior year.