Today's market overview
• Publishing giant
Pearson
continues to expect growth in sales and operating profits this year, having traded in line with expectations in the first quarter.
• Highly acquisitive media giant
WPP
has had a strong start to 2012 with like-for-like revenue growth coming in ahead of expectations in the first quarter.
•
Salamander Energy
, the independent upstream oil and gas exploration and production business focused on South-East Asia, is asking its shareholders to put their hands in their pockets to accelerate its drilling programme.
•
Ultra Electronics
, the technology company with interests in defence, transport and energy, says it will continue to face strong headwinds from both the US and UK defence market.
• Speciality chemicals producer
AZ Electronic Materials
said both of its core businesses performed well in April after a tough first quarter.
•
Imagination Technologies Group
, the system-on-chip intellectual property developer, has signed a licence agreement with Sunplus Technology for intellectual property from Imagination's PowerVR SGX graphics division.
•
Perform
, the multimedia sports content company, has put its livesport.tv platform on to Facebook.
• The growth story at media and digital communications group
Aegis
continued in the first quarter of 2012, albeit at a slower rate than the breakneck speed seen in 2011.
•
Edinburgh Dragon Trust
, the FTSE 250 Asian investment trust, has seen its net asset value outperform its benchmark in the first half despite volatile conditions in equity markets.
• Revenue was up at
Colt
, the business communications firm, during the first three months to March 31st with the company experiencing growth across all major product categories.
• Polymers maker
Victrex
has appointed a new Managing Director for its Invibio biomaterials business.
• The lack of harmony arose from a group of
Barclays
' shareholders who believe executive pay does not reflect the share price performance.
•
UK Coal
returned to profit for the first time in four years and more than halved its debt in 2011.
• Oil and gas producer
BG Group
has agreed to sell its 40 per cent interest in a company called GNL Quintero (GNLQ), the owner of a liquefied natural gas terminal in Chile.
• Online video company
Forbidden Technologies
has rocketed after revealing a big jump in capacity and impressive sales.
• North Sea focused oil company,
Xcite Energy
, says it has secured funding for the first phase of development of its wholly-owned Bentley field.
•
Sweett Group
, an international property and infrastructure consultancy, is expecting booming Asian Pacific markets to continue to pick up the slack from a struggling Europe.
• Asset manager
Schroders
is to take a substantial stake in the Indian asset management business of Axis Bank.
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