The morning news update with Tesco, Foxtons and advfn

FTSE 100

Tesco (TSCO) – pre-tax profits down by 91.9% at £112 million in the 26 weeks to 23rd August, interim dividend of 1.16p per share, Chairman Sir Richard Broadbent resigns.

Unilever (ULVR) – turnover declined by 2% to €12.2 billion, including a negative currency impact of 2.6%, in the three months to September.

Reed Elsevier (REL) – 2014 outlook is unchanged. Remains on track to deliver another year of underlying revenue, profit and earnings growth.

FTSE 250

Debenhams (DEB) – underlying profit before tax down 20.6% at £110.3 million in the 52 weeks to August, full year dividend of 3.4p per share maintained.

Foxtons (FOX) – Performance in Q3 2014 was negatively impacted by a sharp and recent slowing of volumes in London property sales. Adjusted EBITDA was £14.2 million, down from £18 million.

Britvic (BVIC) – now expects that full year EBIT will be marginally ahead of the top end of previous guidance range of £148 million to £156 million and well ahead of last year.

Small caps

Cambria Africa (CMB) – has sold the Leopard Rock Hotel, including its external debt of $0.2 million, for cash consideration of $2.5 million.

IDOX (IDOX) – has acquired Digital Spirit GMBH, a leading supplier of compliance solutions for an undisclosed sum from Infinitas Learning BV.

advfn (AFN) – posts a loss of £454,000 for the year to June.

Tern (TERN) – 95% owned investee company Cryptosoft, which specialises in encryption based data security, has signed an agreement for a pilot programme to provide a new security service for the SIM based M2M market space.

Porta Communications (PTCM) – for the three months ended 30 September 2014 trading has remained buoyant with all parts of the group meeting their new business targets.