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Morning Eyecatchers: IG Group expects to report revenue of £298mln
Misys to sell 54.6% stake in Allscripts and ASOS year profit up 44%.
Markets
* IG Group expects to report revenue of £298 million and adjusted pre-tax profit of £157 million vs £125.9 million; this is 16% revenue growth and 25% profit growth; benefited from increase in volatility in forex and equity markets in the last few weeks of the year; difficult to predict future trends in volatility or customer reaction to changing economic conditions
* Tullow Oil's Mahogany-5 well encounters oil pay of 23 metres
* Allscripts-Misys Healthcare Solutions to buy Eclipsys Corp for about $1.25 billion in stock; Allscripts to buy back shares from its majority stakeholder Misys which in turn is likely to hold roughly only 10% of the combined company; Misys to sell 54.6% stake in Allscripts; proceeds to be returned to shareholders
* Autonomy buys CA Technologies; information governance business; no terms disclosed
* UK Commerical Property Trust to merge with F&C Commercial Property Trust creating Britain's sixth largest listed property company with a market capitalisation of £1.6 billion
* Afnat Resources and Rio Tinto sign Mozambique joint venture
* ASOS group retail sales for nine weeks to 6 June up 58%; full-year pre-tax profit £20.339 million vs £14.129 million; net cash £15.645 million; group revenues up 35% to £223 million; £20 million investment into new warehouse with initial capacity of £600 million annual sales; more confident than at this time last year
* Hampson Industries full-year adjusted pre-tax profit down 34% at £24.9 million; full-year revenue down 31% at £178.3 million; final dividend 0.9p
* JD Sports Fashion after eight weeks of trading to 5 June cumulative like-for-like retails sales growth improved to 4.1%; margins continued to be encouraging with progress in the fashion fascias; sports fascias performance continues to be satisfactory
* Mears Group trading strongly across all divisions;remains confident of future prospects; order book currently stands at £2.5 billion
* Hamworthy wins £5 million deal with Korean shipbuilder
* Akers Biosciences to extend breathscan production line
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1 comment so far. Why not have your say?
David Robert
Jun 09, 2010 at 11:30
I hope that you can do better than these two pages
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