Wednesday, 19th November 2008
8:02am
Workspace provider Regus said this morning its financial performance in the year to date continues to be in line with its expectations. Revenues rose 24.7% in the four months to 31st October to £367m, with total capacity up 2.3% to 168,908.
The company said it sees 2009 as a challenging year.
Total capacity, including workstations in non-consolidated businesses (being joint ventures, management contracts and franchises) has increased over the last 4 months by 2.3% to 168,908. Of these 157,965 workstations were fully consolidated (an increase of 2.1% over the last 4 months).
Over the same period 26 centres have been opened (including Kiev, Jakarta, Sao Paulo, Taipei, Shanghai, and Singapore) and 8 centres closed. This brings the total number of centres to 968 and the countries in which Regus operates to 72.
Regus said cash generation remained...
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7:47am
Experian today revealed total revenue growth of 13% at actual exchange rates to $2,017m for the half-year ended 30th September. Revenue from continuing activities was up 11% at constant exchange rates to $1,987m, with organic revenue growth of 3%.
Total EBIT showed growth of 8% at actual exchange rates to $476m, with continuing EBIT up 8% at constant exchange rates.
Profit before tax was $318m. (Benchmark profit before tax was $416m, up 9%.)
Basic EPS was 25.5 cents. (Benchmark EPS growth of 8% to 30.7 cents.)
The credit checking company reported strong performances in Latin America, Consumer Direct and Decision Analytics which offset market challenges in US and UK Credit Services.
Cost efficiency measures were ahead of schedule with a $29m contribution in the half. Additional savings have been identified, targeted to raise to $130m...
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7:47am
Online gambling firm, PartyGaming, reported flat quarterly revenue due to a 15% fall in poker takings.
The company said the challenging economic environment and strengthening US dollar continue to affect its performance.
Total revenue for the period ended 30th September was $117.7m, down from £118m last time, as a 15% drop in poker revenues offset growth in casino, sports betting and bingo.
In the 6 weeks ended 11th November, average gross daily revenue has fallen by 7% from that achieved in Q3 to $1.492m.
New poker player sign-ups averaged 1,220 per day and there were on average 57,950 active poker players per day.
Story supplied by MoneyAM
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7:47am
British Land today reported underlying earnings per share of 27p in the half-year ended 30th September 2008, up 4%. Dividend was raised 7% to 9.375p per share for the quarter to September 2008, making 18.75p for the six month period.
Underlying pre-tax profit was £144m, up 1% (Q2 £70 million).
Underlying profits were up 13% excluding receipt of a Songbird Estates dividend in H1 2007.
The IFRS pre-tax loss on ordinary activities was £1,327m (Q2 IFRS pre tax loss £755m).
The company said its portfolio valuation was down 10.8% for the half-year.
Net Asset Value per share was 1,043p, down 22%.
IFRS Net Assets stood at £5.3bn with properties owned or managed valued at £15.6bn
Like-for-like rental income growth was 4.2% and rental value (ERV) growth for...
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7:32am
British Land today reported underlying earnings per share of 27p in the half-year ended 30th September 2008, up 4%. Dividend was raised 7% to 9.375p per share for the quarter to September 2008, making 18.75p for the six month period.
Underlying pre-tax profit was £144m, up 1% (Q2 £70 million).
Underlying profits were up 13% excluding receipt of a Songbird Estates dividend in H1 2007.
The IFRS pre-tax loss on ordinary activities was £1,327m (Q2 IFRS pre tax loss £755m).
The company said its portfolio valuation was down 10.8% for the half-year.
Net Asset Value per share was 1,043p, down 22%.
IFRS Net Assets stood at £5.3bn with properties owned or managed valued at £15.6bn
Like-for-like rental income growth was 4.2% and rental value (ERV) growth for...
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