The Morning News Update with TUI Travel, Afren and Seeing Machines

1 mins. to read

FTSE 100

TUI Travel (TT.) – Announces a 21% increase in underlying operating profit, on a like-for-like basis, for the third quarter of 2014, with a 2% decline in group revenue.

FTSE 250

Afren (AFR) – has taken the precautionary step to temporarily suspend operations at the Barda Rash field in light of heightened regional security related issues. The suspension is not expected to have a significant impact on the group’s cashflow.

Bellway (BWY) – Posts Significant volume growth with a 21.2% increase in the number of housing completions to 6,851 for the year to July. 36% growth in the value of the forward order book to a new record of £924.3 million.

Catlin (CGL) – Said first-half profit more than doubled as the insurer and reinsurer got a boost from better investment returns and more resilient pricing environments in the United States, Europe and Asia.

Small caps

Seeing Machines (SEE) – Announces the formalisation of a strategic joint venture with Chilean company GTD Ingenieria de Sistemas. GTD is a Chilean company that has provided road and transport safety systems to the mining market since 2005.

Rame Energy (RAME) – Announces the receipt of a purchase order from Compania Barrick Chile Generación Limitada, part of Barrick Gold Corporation, for the immediate design, supply and installation of new wind monitoring equipment at Barrick’s operations at the 20 MW Punta Colorada wind farm, Chile.  

Mediazest (MDZ) – Announces several new contract wins which are in line with the company’s policy of improving its recurring revenue base.

Sea Energy (SEA) – Announces that its recently established joint venture (JV) GOSeaEnergy Ship Management Limited (GOSEA) has this week been awarded the ship management of two more vessels.

Aureus Mining (AUE) – Confirms that there have been no reported or suspected cases of Ebola to date across its operations or anywhere near where the Company operates.

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