The morning news update with Tesco, Ted Baker and WANdisco

1 mins. to read

FTSE 100

Tesco (TSCO) – like-for-like sales performance of (2.9)% in the 19 weeks ended 3rd January versus (5.4)% in Q2. Final dividend scrapped.

British Land (BLND) – has sold a retail and office portfolio in an off-market deal to Legal & General Property for £219.6m, ahead of September book value.

Marks & Spencer (MKS) – sales up by 2.8% in the 13 weeks to 27th December but general merchandise sales down by 5.4%.

FTSE 250

Hays (HAS) – quarterly net fee growth rose to 11% in the quarter to December.

Ted Baker (TED) – announces a 22.8% increase in retail sales for the 8 week period from 9th November 2014 to 3rd January 2015.

Dunelm (DNLM) – total revenue for the half to 27th December year grew by 14% to £406.4 million.

Small caps

EG Solutions (EG.) – has won a major new contract to deploy the eg operational intelligence® Managed Cloud Services in partnership with a major third party outsourcing company. The contract has a total value of at least £1.6m over four years with approximately £500k expected to be recognised in the financial year commencing 1 February 2015.

WANdisco (WAND) – British Gas has significantly scaled up its WANdisco Big Data service for live customer-facing operations with a new three-year subscription worth $750,000.

Crawshaw Group (CRAW) – Trading for the 9 weeks to 28th December was in line with management expectations. Like for like sales for the period were down 3%, but the company had budgeted for this small decrease given that sales for the comparable period last year were particularly strong, rising by 21%.

Nichols (NICL) – trading performance has continued its positive trend into the second half of 2014.

InterQuest (INTQ) – Full year adjusted EBITA expected to be slightly ahead of consensus at circa £4.9 million.

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