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The Morning news update with WPP, Regus, Plexus and Trakm8

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FTSE 100

GlaxoSmithKline (GSK) – the US Food and Drug Administration (FDA) has approved Triumeq® tablets for the treatment of HIV-1 infection.

WPP (WPP) – Profit before tax of £491 million up 15% in the six months to June, up 33.7% in constant currency. Dividend up by 10% at 11.62p per share.

Petrofac (PFC) – posts a net profit of $136 million for the six months to June, down from $243 million. Interim dividend maintained at 22 cents per share. On track to deliver net profit in the range $580 million to $600 million for the full year 2014, in line with previous guidance.

FTSE 250

Stagecoach (SGC) – overall profitability has remained satisfactory and there has been no material change to expected adjusted earnings per share for the year ending 30th April 2015. 

Cable & Wireless (CWC) – has agreed to acquire Panama-based Grupo Sonitel for US$36 million plus contingent consideration of up to an additional US$5 million. 

Regus (RGU) – pre-tax profits flat at £31 million for the six months to June, dividend increased nu 14 to 1.25p per share.

Small caps

Trakm8 (TRAK) – has signed a new supply agreement with independently owned logistics firms, CM Downton Ltd. Downton will purchase the UK manufactured T8 mini, alongside the Trakm8 branded SWIFT 6 web portal, and Trakm8 Secure. The contract is for 1,450 units for an initial period of 5 years.

Plexus (POS) – anticipates that the full year results, which are subject to external audit, will be in line with market expectations at the revenue level, with profit after tax materially ahead of market expectations.

OPG Power Ventures (OPG) – current trading continues to be in line with expectations.

MyCelx Technology (MYX) – has been awarded a water treatment contract from a Kuwaiti petrochemical company for a project that will take place in Q4 2014.

Avation (AVAP) – has taken delivery of a new ATR 72 aircraft from the factory and leased it to Australian airline Virgin Australia Regional Airlines.

Randall & Quilter (RQIH) – posts a loss before tax of £0.6 million for the six months to June, down from a profit of £3 million.

 

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