Equiniti Group PLC

Equiniti Group remains well positioned

DirectorsTalk Interviews FTSE 250

Equiniti Group (LON:EQN), an international technology-led services and payments specialist, has issued the following trading update for the period 1 July 2019 to 18 November 2019. TRADING The Group’s performance in the period has been reassuring and we expect 2019 full year results to be towards the upper end of market expectations* for revenue and towards the lower end for underlying …

Polypipe Group Deliver a resilient performance in tough markets

DirectorsTalk Interviews FTSE 250

Polypipe Group plc (LON: PLP), a leading provider of sustainable water and climate management solutions for the built environment, has issued an update on trading for the 10 months ended 31st October 2019. Trading update for 10 months to 31st October 2019 · Resilient performance in tough markets with Group revenue 4.3% higher at £381.7m (2018: £365.9m) · Operating margins …

Telecom Plus PLC

Telecom Plus Continuation of encouraging performance

DirectorsTalk Interviews FTSE 250

Telecom Plus (LON:TEP), trading as the Utility Warehouse, the UK’s only fully integrated provider of a wide range of competitively priced utility services spanning both the communications and energy markets, has announced its half-year results for the six months ended 30 September 2019. Financial highlights: ●       Revenue up 13.6% to £353m (2018: £311m) ●       Adjusted profit before tax up 5.9% to £27.5m …

Hammerson Disposes of St Oswald’s Retail Park for £54m

DirectorsTalk Interviews FTSE 250

Hammerson plc (LON: HMSO) has exchanged contracts on the sale of St Oswald’s Retail Park, Gloucester, to a local authority for £54m. The sale price reflects a net initial yield of 8.5%, and is 8% below the 30th June 2019 book value. The 20,900m2 scheme, which is located to the north of Gloucester city centre offers a range of bulky …

Intermediate Capital Group’s strategy driving fund management profits up 32%

DirectorsTalk Interviews FTSE 250

Intermediate Capital Group (LON:ICP) has announced its first half results for the six months ended 30 September 2019. Highlights AUM up 11% on 31 March 2019 to €41.1bn, with €4.6bn of new money raised across 14 strategies  Fund Management Company profits up 32% to £85.0m (H1 2019: £64.4m); average fee rates maintained  Group profit before tax on an IFRS basis …

easyJet announces a strong finish to 2019

DirectorsTalk Interviews FTSE 250

easyJet plc (LON: EZJ) have provided results for the year ending 30th September 2019. Summary · Against the background of a difficult year, in the year ending 30 September 2019, easyJet has: o delivered full year results in line with expectations, with headline profit before tax towards the top end of guidance, o achieved solid revenue per seat during the …

Drax Group Biomass Capacity Expansion and Cost Reduction

DirectorsTalk Interviews FTSE 250

Drax Group plc (LON: DRX) Highlights · Targeting biomass self-supply capacity of five million tonnes by 2027 1.5 million tonnes of existing capacity, plus 0.35 million tonnes of low-cost capacity announced at the 2019 half year results Evaluating options for a further three million tonnes over the next seven years Supports target to reduce biomass cost by c.30 percent to …

HomeServe Appoint Katrina Cliffe and acquires eLocal Holdings LLC for c. $140m

DirectorsTalk Interviews FTSE 250

HomeServe plc (LON: HSV), the international home repairs and improvements business, has announced the appointment of Katrina Cliffe as Senior Independent Director. Katrina replaces Stella David. In its FY19 Annual Report, HomeServe reported that Stella would reach the end of her third term as a Non-Executive Director in November 2019 and that, having consulted with shareholders, it had been agreed …

Grainger plc Submits Planning application for development in Lewisham

DirectorsTalk Interviews FTSE 250

Grainger Lewisham Holdings, a 50/50 Joint Venture partnership between the London Borough of Lewisham and Grainger plc (LON: GRI), the UK’s largest listed residential landlord, has submitted a detailed planning application to develop land on Besson Street in New Cross Gate. The submission follows an extensive programme of consultation with the local community, with residents and a range of key …

Diploma Plc

Diploma plc Strong performance with underlying growth across all three Sectors

DirectorsTalk Interviews FTSE 250

Diploma plc (LON: DPLM) have provided preliminary results for the year ended 30th September 2019, reporting double-digit growth in revenues and earnings.    Audited2019 Audited2018     £m £m    Revenue 544.7 485.1  +12%         Underlying revenue growth 5% 7%           Adjusted operating profit(1) 97.2 84.9 +14%         Adjusted operating …