The Morning news update with Sports Direct, Greene King and Alkane Energy

1 mins. to read

FTSE 100

London Stock Exchange (LSE) – Since the last update on trading on 22nd August trends are broadly unchanged.

Meggitt (MGGT) – Meggitt Training Systems has won additional delivery orders worth US $17.7 million to support the US Army’s Targetry Systems (ATS) programme with TACOM, the US Army Contracting Command in Warren, Michigan for delivery in the next 12 months.

Sports Direct (SPD) – Group sales for the 13 weeks ending 27th July 2 were up by 12.2% to £711.2 million and gross profit increased 11.8% to £301.2 million.

FTSE 250

Greene King (GNK) – like-for-like sales in Retail were up 0.4% in the first 18 weeks of the year, with tough comparatives from the summer last year compounded by a disappointing World Cup this year.

Balfour Beatty (BBY) – its US construction services business has signed a $116 million (£70 million) programme to build a new comprehensive high school in Denton, Texas.

Premier Oil (PMO) – the Solan subsea oil storage tank, jacket and topsides have been successfully installed.

Small caps

Anpario (ANP) – posts a 9% increase in underlying earnings per share to 7.59p for the six months to June. Net cash up by £0.9 million at £5.7 million at the period end.

Alkane Energy (ALK) – posts an adjusted pre-tax profit of £529,000 for the six months to June, down from £1.42 million. reflecting reduced DBO activity. On track to meet full year expectations.

Parity (PTY) – posts a profit before tax of £0.12 million for the sic months to June, up from a £0.52 million loss.

Ortac Resources (OTC) – has received copper assay results from the systematic trenching programme recently completed by Andiamo Exploration on the Yacob Dewar deposit located within the Haykota exploration concession area, in Eritrea.

Zytronic (ZYT) – increased sales of larger touch products and the significant improvement in margins reported upon at the time of the‎ Interim results, on 13 May 2014, have continued further into the second half of the financial year. Now expects pre-tax profit for the full year to be significantly above the market consensus. 


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