Set-top box maker Pace reveals that last year beat expectations January 9, 2014 PACE, the set-top box maker, saw its share price jump three per cent yesterday after it said sales had performed above expectations during 2013. In a trading update Pace said its full year revenue is expected to be up 2.4 per cent to $2.46bn (£1.49bn) when the firm reports its results on 3 March. Shares [...]
Spirent slumps after it warns of revenues hit by contract delays January 9, 2014 TELECOMS testing company Spirent Communications warned yesterday that its full-year revenue would likely fall by about 14 per cent after some major equipment makers in the US delayed awarding contracts in the fourth quarter. The company’s shares fell as much as 15.6 per cent, making it the top percentage loser on the FTSE 250. Spirent, [...]
Laird soars on Asia plans and trading update January 9, 2014 SHARES in electronic parts maker Laird soared over 12 per cent yesterday, after the FTSE 250 firm said trading was in line with expectations and unveiled its Asian expansion plans. The company – which makes components for Apple and Samsung – is building a new manufacturing facility in Vietnam and expanding a design centre in [...]
Murdoch’s 21st Century Fox to abandon Australian stock listing January 9, 2014 RUPERT Murdoch’s 21st Century Fox has started the process to remove its listing from Australia’s stock exchange, a move that the company said was designed to simplify its operating structure and cut compliance costs. Following the move 21st Century Fox’s shares will be listed solely on the US Nasdaq exchange and it is expected to [...]
Gulf Keystone steps up crude output as it exports to Turkey January 9, 2014 AIM-LISTED oil and gas explorer Gulf Keystone Petroleum (GKP) yesterday showed how much progress it has made in developing the Shaikan oil field in Kurdistan, as it steps up its crude oil exports. The firm began exporting crude oil from the Shaikan field in December. A three-year court battle over ownership of the field ended [...]
Serco awarded extension to run Boris Bikes January 9, 2014 SERCO, the beleaguered outsourcing firm under investigation by the Serious Fraud Office (SFO), yesterday said it has won a £38m two-year contract extension with Transport for London (TfL) to manage and operate the Barclays Cycle Hire Scheme. The original contract to design, build and operate the service – commonly known as Boris Bikes, named after [...]
SIG expects profit to increase on British residential construction January 9, 2014 BUILDING materials supplier SIG has said it expects full-year underlying pre-tax profit to be no less than £85.8m, helped by cost cuts and a recovery in the British residential construction market. SIG, which supplies insulation products, materials for roofs, and interior fittings, said it expected construction activity in the UK residential market to remain buoyant, [...]
Grafton selling more building supplies in Britain and Ireland January 9, 2014 BUILDERS’ merchant Grafton posted an eight per cent rise in annual revenues to £1.8bn yesterday, as demand for DIY and building equipment started to recover. Grafton, which moved its primary stock listing from Dublin to London in October, said its UK merchanting business posted a 3.2 per cent like-for-like rise in revenues, or a total [...]
Porsche and Audi break records as demand for luxury cars rises January 9, 2014 PORSCHE and Audi have both posted annual sales jumps, benefiting from the global surge in demand for luxury cars and giving a boost to parent firm Volkswagen. More than 162,000 Porsches were delivered last year, up 15 per cent on 2012 and a company record. In the US, the marque’s biggest market, sales were up [...]
Heritage output rises in Nigeria January 9, 2014 Energy explorer Heritage Oil yesterday said production from its OML 30 oil field in Nigeria has reached over 50,000 barrels of oil per day, in part benefiting from production from the Uzere West Field restarting in December after two years. The London-listed company said multi-well drilling campaigns are planned to begin this summer in Papua [...]
