Today's market overview
• Advertising conglomerate
WPP
has made a small strategic investment in Enprecis, a US company which uses a proprietary online platform to collect and analyse data about consumer experience for the car industry.
• Fund manager
Aberdeen Asset Management
has reported a solid rise in revenue and profit in its first half which it says was down to a return of investor appetite for risk assets in 2012 and an ongoing desire for yield (IC COMMENT).
• Insurance giant
Aviva
is the latest firm to sit up and take note of disgruntled shareholders as it announced a review of executive remuneration practises.
• The heat treatment firm
Bodycote
says it will open a new surface technology plant in Houston, Texas.
•
Fidessa
, the software provider focused on the financial community, reckons things will remain tough for its clients for some time, and expects some of them to leave the market altogether.
• Recruitment consultancy and IT outsourcing service provider
Harvey Nash
revealed a robust set of annual results amid strong demand from its UK and Nordic markets (IC COMMENT).
• It is always a struggle for platinum producer
Aquarius
to lure the workers back on time after Christmas and 2012 has proved worse than usual.
• Rail operator
Stagecoach
is teaming up with infrastructure firm Network Rail to create a joint management team that will be responsible for both train and tracks on routes to the south-west of England.
• Defence technology firm
Cobham
has been awarded a $39m contract to manufacture a transmitter-antenna for the US Navy and Marine Corps' electronic warfare aircraft.
• Engineering giant
Weir
has today announced the launch of new products by its Oil and Gas division which are expected to expand its addressable market by over 500m dollars.
• Energy services provider
Hunting
said it had sold its Canadian airport business for seven-and-a-half million pounds.
• Communications group
Creston
confirmed that headline pre-tax profit for the full year is expected to be in line with company expectations.
• Barclays Natural Resource Investments, a division of
Barclays
bank, is to team up with the Qatar Asset Management Company to form a joint investment partnership.
• Mustang, a subsidiary of oilfield support services firm
Wood Group
, has been awarded engineering and support contracts for the world's biggest semi-submersible production facility.
• The owner of Clydesdale and Yorkshire banks has said it will cut 1,400 jobs there by 2015.
• AIM listed e-learning software and business training provider
ILX
said it is confident trading for the year ended 31 March 2012 will meet market expectations.
• Recruitment software provider
World Careers Networks
says a rise in licence fee and 'implementation' income boosted revenues and profits in the six months to the end of January.
• High-flying potash development group
Sirius Minerals
said the detailed scoping study of its York potash project has confirmed the asset's viability.
•
Gulf Keystone Petroleum
, the northern Iraq-focused oil explorer, has risen sharply this morning after updating the market on its drilling programme.
•
Consort Medical
said the first product to use its built-in dose counter had been given the go-ahead by the US Food and Drug Administration.
• Shares in
Public Service Properties Investments
fell another ten percent on Monday after it reported a fall in net asset value in 2011 and warned about its financial health going forward.
• Dealings in portable accommodation units outfit Snoozebox are set to start on AIM on May 1st, after the company completed a placing of shares at 40p each.
• UK banking group
Lloyds
has quashed rumours that it has received a 'multi-billion' pound offer for its life assurance, pensions and savings business, Scottish Widows.
• Software and information technology services group
Sanderson
saw a sharp increase in order intake in the first half of its financial year.
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