The Morning News Update with Zoopla, Wynnstay and Corero

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Balfour Beatty (BBY) – has been selected to provide design and build services valued at US$156 million (£93 million) to construct a prestigious new headquarters in Arlington, Virginia, USA, for the National Science Foundation.

N Brown Group (BWNG) – total group revenues were up by 2.6% in the 15 weeks to 14th June 2014, including like-for-like growth of 2.5%. 

Countrywide (CWD) – notes that that the IPO price of investee Zoopla has been set at 220 pence per share, implying a total market capitalisation of £918.8 million. Following admission, Countrywide will continue to hold 4.1% of Zoopla’s ordinary shares.

Small caps

Wynnstay Group (WYN) – pre-tax profits reduced by 10% to £4.7 million in the six months to April, net debt significantly reduced by 29% to £10.86 million, dividend up by 9.7% at 3.4p.

Corero Network Security (CNS) – announces its largest First Line of Defense solution contract win, valued at half a million dollars.

London Capital Group (LCG) – intends to raise up to £17,500,000 through a proposed financing.

SeaEnergy (SEA) – has been awarded a contract for provision of an R2S visual asset management system by Mexican national oil company Petróleos Mexicanos (PEMEX), following a competitive public international tender process. The contract value to the Return To Scene subsidiary is estimated at US$1 million.

Randall & Quilter (RQIH) – the business continues to trade satisfactorily and expect the 2014 full year result to be in line with market expectations.

Chaarat Gold (CGH) – reports progress update on the Definitive Feasibility Study for the Chaarat Project.

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