Today's market overview
• Terrestrial broadcaster
has forecast its first half net advertising revenues will be ahead of the market, thanks to an expected boost from the Euro 2012 football tournament.
• Commodities producer and marketer
says that all of its major growth projects remained on schedule and within budget in the first quarter of 2012.
said its housebuilding division continues to perform well with strong sales in the year to date, helped by its focus on the south of England although headwinds continue in construction.
has taken an offer of $13 a share directly to the shareholders of Human Genome Sciences.
• Underlying profit before tax from supermarket titan
came in bang in line with expectations, while the full year dividend is a little more generous than anticipated.
• Business software group
says a strategic switch to subscription revenues, plus difficulties in Europe, have constrained growth in the six months to the end of March.
• Engineering giant
said that strong first quarter trading in its minerals and industrial businesses made up for a plunge in orders in its oil and gas division.
• The trading statement from building materials group CRH was a tale of two continents with the performance of Europe spoiling a good showing in the Americas.
• Hotels group
saw solid revenue per available room growth in the first quarter of 2012, helped by an increase in rates and occupancy, as well as strong performances in the Americas and China.
• Oil giant
has completed the acquisition of Agora Oil & Gas, a Norwegian company with non-operated exploration, appraisal and development assets in the UK and Norwegian North Sea.
• Life assurance group
said it is whipping its acquired businesses into shape and making good progress on its financial targets.
• Egyptian gold miner
has revealed a significant drop in production in the first quarter after strike action hit its main Sukari operation, but the firm still maintains its full-year targets.
interim losses were lower than expected, helped by increased revenues and tight control of costs.
said it expects one of its biggest suppliers to force it into administration today.