Market Update
September 26th, 2013
Compass Group PLC (CPG.LN), a food and support services company, said expectations for its full-year performance remain positive and unchanged. It forecast organic revenue growth for the full year ending Sept. 30 at constant currency of just over 4%, driven by new business wins, good retention rates and modest inflationary price increases, and it expects its full-year operating profit margin to be over 7% for the first time.
TUI Travel PLC (TT.LN) said it had a strong summer season with U.K. revenue up 8% and Nordic revenue up 10%, and raised its guidance for the year. TUI Travel, whose portfolio includes the airtours, First Choice and Hayes & Jarvis brands, now expects underlying operating profit for the year ending Sept. 30 to grow at least 11% on a constant currency basis. It previously expected full-year underlying operating profit to grow 10%.
Ladbrokes PLC (LAD.LN), said that it expects 2013 adjusted operating profit for the Digital division to be below current market expectations and within a range of 10 million pounds to GBP14 million.
Balfour Beatty, the international infrastructure group, today announces it has been awarded an GBP87 million St James’s Market contract which forms part of the overall commercial redevelopment, for The Crown Estate and Oxford Properties.
Tullow Oil PLC (TLW.LN) has made an oil discovery in wildcat drilling in northern Kenya but will conduct further tests to confirm its productivity
