Morning Eyecatchers: Pearson raises full-year guidance

Intercontinental revenue growth accelerates, British Land to develop Leadenhall building and BG Group makes oil find near Brazil.

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by Phil Cozens on Oct 25, 2010 at 07:56

Pearson - strong trading in all businesses and full-year guidance raised; adjusted eps now expected to be approximately 10% ahead of last year; increased sales by 7% and adjusted operating profit 15% in first nine months; sales growth of 5% in Penguin, 7% in education and 11% at the Financial Times; demand in some of co's markets remained subdued in third quarter, and the macroeconomics outlook is still uncertain.
Intercontinental Hotels Group Holiday Inn and Holiday Inn Express revpar growth accelerated in third quarter.
IMI agrees to buy Zimmermann and Jensen for an enterprise value of €135 million.
British Land is teaming up with Canada's Oxford Properties to develop the Leadenhall Builduing in the second of two crisis-hit skyscraper projects to be revived within a week.
BG Group makes oil find in Tupi well near Brazil
City of London funds under management up by 30% to $5.68 billion at 21 October; unaudited profit before tax for first four months of current full year £4,6 million vs £3 million.
McBride - trading in line with views.
Fibernet sees full-year profits exceeding market views
Impax Asset Management sees full-year profitability ahead
Aegis - Mitchell shareholders approve acquisition
Galliford Try wins £25 million Yorkshire Water schemes
Goldplat reports positive results from drilling programme at the Nyleme project in Burkina Faso; five holes return gold grades in excess of 4 gft, the highest value being 19.1 gft
Baobab Resources completes £5 million equity line facility
Tanzanite One produces 618,285 carats in third quarter
Sable Mining upbeat on initial results from Gulakawane project
Gulfsands Petroleum - KHE-1 extension very encouraging
Xcite Energy well finds more oil than expected
President drilling at Kafoury-3 on schedule
Leed Petroleum production up 24%
Global Petroleum sees oil and gas shows at Eagle Ford well
Matra study shows "C resources of 15.1 million barrels
DP World United - strong third quarter to lead to better second-half than first-half; sees slightly lower contribution from non-container operations; on track to meet full-year results in line with expectations
India's top court defers Vodafone hearing until 15 November
Copper at 27 month peak and metal prices rise against the background of a weaker dollar