Wednesday, 1st July 2009
8:17am
Tarsus, the exhibitions, conferences and media company, has released a pre-close trading update ahead of its interim results for the six months to June 30 2009.
The Group's results are heavily weighted to the second half when the larger of it exhibitions occur. As such there is little to add to the previously released first half trading statement.
Trading continues to be in line with expecations and forward bookings remain solid.
The Group's net debt at 30 June 2009 was approximately £35m. They are in advanced discussions with their banks to adjust future covenants to give additional flexibility and facilitate further growth.
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7:47am
Morgan Sindall has said that the Group remains on track to meet their expectations for the current year.
They say that trading is positive in the face of challenging conditions in the construction and regeneration markets.
Fit Out is experiencing tougher market conditions but Construction's performance continues to improve. Infrastructure Services' trading is in line with last year and Affordable Housing's trading remains robust.
Urban Regeneration's market remains quiet though. The Group's forward order book currently stands at £3.6bn.
The financial position remains strong, with net cash and £75m of banking facilities that have recently been renewed through to mid 2012.
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7:47am
Oil industry service provider John Wood Group said although the oil price has strengthened recently, market conditions remain broadly similar to those previously outlined and performance in the year to date remains in line with expectations.
The group said it believes the longer term market fundamentals for our services and products remains strong and it is continuing to extend its services and broaden its international presence to ensure the company is well positioned to resume good growth as the energy market recovers.
Half year results for the six months to 30th June 2009 will be announced on 26th August 2009.
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7:47am
IT solutions company Anite said profit for the year ended 30th April was £36.3m, up from £13.2m the prior year.
Revenue from continuing operations was £90.1m, compared to £92.8m the prior year while profit from continuing operations before tax was £6.4m.
Basic earnings per share was 11.3p (2008:3.8p), while diluted earnings per share was 10.8p (2008: 3.7p.)
During the period, Anite benefited from £2.3m early settlement from MyTravel and by £3.9m from currency movements.
Non-operational property costs increased by £0.8m, while operating margin was 22.2% (2008: 20.4%).
A final dividend of 0.65p per share will be paid, making a total of 0.95p for the year (2008: 0.875p).
Anite had net cash of £27.3m at year end (2008: net debt £15.4m); this included the impact of gross cash receipts of £56.8m from...
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7:47am
Marks & Spencer said group sales for the quarter ended 27th June were ahead 2.9%. UK sales were up 1.7%, with General Merchandise up 1.2% and Food up 2%. UK like for like sales fell 1.4%, with General Merchandise off 2.4% and Food down 0.5%.
Online sales soared 28%, while International sales were ahead 15.9%.
Total UK sales were up 1.7% over the period marking a further improvement in the trend seen over the last two quarters. The benefit to sales from the timing of Easter was around 0.7% in both General Merchandise and Food.
Clothing market share was up 30bps with improved performance in all areas of the business. Home sales continue to outperform the market. In Food, the actions we have taken to improve value, availability and product innovation have delivered better performance for the third consecutive quarter.
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