The Morning News Update with Vodafone, Ocado and Plus500

1 mins. to read

FTSE 100

Vodafone (VOD) – has sold its entire 49% shareholding in Vodafone Fiji Limited to the Fiji National Provident Fund for a cash consideration of FJ$160m (£51 million).

Standard Life (SL.) – has today completed the acquisition of Ignis Asset Management Limited from a subsidiary of Phoenix Group Holdings for £390 million.

FTSE 250

Ocado (OCDO) – posts a profit before tax and exceptional items of £7.5 million for the 24 weeks to 18th May.

Synthomer (SYNT) – Adrian Whitfield, Group Chief Executive, will step down after eight years with the company on 30th June 2015.

Premier Oil (PMO) – announces the sale of its wholly owned subsidiary Premier Oil Sumatra North BV (POSN) to KrisEnergy Asia Holdings. The after-tax consideration is $40 million plus working capital adjustments.

Small caps

Plus500 (PLUS) – Despite relatively subdued market activity both revenue and profit in the second quarter are expected to be ahead of market expectations.

Hangar 8 (HGR8) – has enjoyed an excellent year, with significant organic growth, that has delivered a strong increase in EBITDA ahead of management’s expectations.

Litebulb Group (LBB) – has received orders totalling over £1m from a number of major retailers.

Parity Group (PTY) – trading in the first half of this financial year was in line with its expectations, and is encouraged by the level of interest from brands following the recent SuperCommunications launch.

Progility (PGY) – has created up to £50 million of redeemable loan stock which the group intends to list on the Channel Islands Stock Exchange. 


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