The Morning News Update with Tullow Oil, Domino Printing and Anpario

FTSE 100

Petrofac (PFC) – In line with previous guidance, net profit for the full year 2014 expected to be in the range US$580 million to US$600 million and significantly weighted towards the second half.

Land Securities (LAND) – has exchanged contracts to sell The Bridges shopping centre, Sunderland to clients of AEW Europe for £152 million, reflecting a net initial yield of 6.9%.

Tullow Oil (TLW) – the recently completed Ngamia-2 well encountered up to 39 meters of net oil pay and 11 meters of net gas pay and appears to have identified a new fault block trap north of the main Ngamia accumulation.

FTSE 250

Galliford Try (GFRD) – has reached financial close with Kent County Council on the £100 million Excellent Homes for All scheme. Financial close follows our announcement as preferred bidder in December 2013.

Croda International (CRDA) – now expects quarter two pre-tax profits to be approximately 8% below its pre-tax profit performance in quarter one, mainly due to currency factors.

Domino Printing (DNO) – underlying pre-tax profits up by 10% at £27.5 million in the six months to April, dividend up by 5% at 7.98p per share.

Small Caps

InterQuest (ITQ) – pleased with the performance of the company to date, which has been above management’s expectations.

Anpario (ANP) – has experienced some effect from the strengthening of the pound against the dollar, which means that sales and gross profit, in sterling, are expected to be at a similar level to those achieved in last year’s strong first half performance. 

Tangent Communications (TNG) – AGM statement. In the first quarter, 37% of group sales were taken online, up from 34% as reported for the full year 2013-14.

Chaarat Gold (CGH) – posts a loss of $14.4 million for 2013.

Universe Group (UNG) – trading in the current financial year is in line with the comparable period last year, a period which was significantly bolstered by project work and hardware roll-outs.