The Morning News Update with Whitbread, JD Sports and Fastjet

1 mins. to read

FTSE 100

Whitbread (WTB) – posts total sales growth for the first quarter of 12.7% and like for like sales growth of 6.9%.

Weir Group (WEIR) – confirms that overall trading in April and May was in-line with expectations. Full year constant currency revenue and margin guidance remains unchanged. 

WPP (WPP) – wholly-owned operating company Millward Brown has acquired EffectiveBrands Holding B.V., one of the world’s leading marketing strategy consulting firms.

FTSE 250

Balfour Beatty (BBY) – its joint venture has been named selected bidder for two new acute care hospitals in Vancouver, British Columbia, Canada, the company’s second major healthcare development in the region this year.

JD Sports Fashion (JD.) – based on the trading performance to date anticipates a satisfactory increase in first half profitability, in line with expectations.

Carillion (CLLN) – has signed a contract with the Aldara Medical Corporation to deliver Phase II of the Aldara Hospital and Medical Centre in Riyadh, Saudi Arabia, that is expected to have a construction value of approximately £70 million.

Small caps

Enables IT (EIT) – posts a loss of £818,000 for the six months to March.

Fastjet (FJET) – fastjet operations in Tanzania carried a total of 43,020 passengers and achieved a load factor of 71% in May, representing an increase in passenger numbers of 20.3% compared to the previous month, and 77.5% compared to the same month in the previous year.

Avesco (AVS) – Trading profit increased to £4.7 million in the six months to March, dividend up by 50% to 1.5p per share.

One Media iP (OMIP) – Profit before tax up 31.5% to £344,865 in the six months to April.

Microgen (MCGN) – made an offer for Elektron plc of 5p per share in cash which has been rejected by the board.

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