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Pin to quick picksDriver Grp Share News (DRV)

Share Price Information for Driver Grp (DRV)

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Share Price: 25.00
Bid: 23.00
Ask: 27.00
Change: 0.00 (0.00%)
Spread: 4.00 (17.391%)
Open: 25.00
High: 25.00
Low: 25.00
Prev. Close: 25.00
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London midday: Retail boost but miners suffer

Thu, 20th Oct 2011 12:02

Retail stocks are on the offensive today, but with the Eurozone situation continuing to stoke fears over global growth, miners are dragging the top share index lower.Franco-German talks regarding the Eurozone rescue fund are not going on as smoothly as some had hoped.The unexpected meeting yesterday, between French President Nicholas Sarkozy and German Chancellor Angela Merkel, seems not to have borne any fruit as regards efforts to improve the efficacy of the European Financial Stability Fund (EFSF). In fact, according to newswires the French premier and his German counterpart now seem at odds over how to continue forward, although contacts and consultations are expected to be ongoing until this weekend´s summit.MINERS SPOIL THE PARTY AS RETAILERS JUMPCopper fell as did while gold and silver, lessening the appeal of miners. Kazakhmys, Xstrata and Eurasian Natural Resources Corp lost at least 3% of their value.Anglo American fell despite seeing a 3% year-on-year increase in iron ore production in the third quarter of 2011.However, FTSE 250 gold miner Petropavlovsk bucked the sector trend to rise strongly after reporting that total gold production rose by 65% in the third quarter.Mining peer African Barrick Gold didn't fare as well, falling into the red despite seeing a 61% increase in third quarter revenue.A big mover was Pace, the Yorkshire-based maker of set top boxes, which tumbled over 16% after saying that it could see $9.5m knocked off its operating profit this year because of floods in Thailand which have affected factory operations.Department store Debenhams jumped after sales and profits came in ahead of market expectations for the full year to the end of September. An unexpected rise in retail sales in September has also boosted the sector, helping big names such as M&S and fellow clothes retailer Next post big gains.Britvic has risen strongly after saying that revenues grew by 14.6% in the year ending 2 October, helped by the first 12-month contribution from its French division.Transport groups Go-Ahead, National Express and Stagecoach dropped early on after being beaten by Abellio, the international arm of Dutch Railways, which has won the Greater Anglia rail franchise.Among smaller companies, mainland Europe newspaper publisher Mecom falls after saying it now expects earnings for the second half to be lower than those same period the previous year after it suffered a 3% fall in advertising revenues in the third quarter as the euro crisis continued to hurt consumer confidence.Trading in the year to 30 September has been better than expected, the construction consultancy Driver said, sending its shares higher. Turnover was in line with expectations and stronger margins resulted in underlying profit before tax that was "slightly" ahead of management's expectations, the company said. FTSE 100 - RisersNext (NXT) 2,620.00p +3.15%G4S (GFS) 240.50p +2.95%Marks & Spencer Group (MKS) 336.70p +2.37%Kingfisher (KGF) 261.30p +2.07%British Sky Broadcasting Group (BSY) 724.00p +1.97%ARM Holdings (ARM) 587.50p +1.21%Wolseley (WOS) 1,795.00p +1.13%Sage Group (SGE) 278.30p +1.05%Reckitt Benckiser Group (RB.) 3,336.00p +1.00%Vodafone Group (VOD) 175.15p +0.92%FTSE 100 - FallersFresnillo (FRES) 1,506.00p -3.15%Hammerson (HMSO) 395.00p -2.49%Prudential (PRU) 615.50p -2.46%Rio Tinto (RIO) 3,064.50p -2.34%Land Securities Group (LAND) 663.50p -2.14%BP (BP.) 427.65p -2.13%Kazakhmys (KAZ) 856.50p -2.06%IMI (IMI) 785.00p -2.00%Standard Life (SL.) 210.00p -1.96%Anglo American (AAL) 2,227.50p -1.92%FTSE 250 - RisersDebenhams (DEB) 67.75p +7.97%Drax Group (DRX) 514.00p +7.13%Petropavlovsk (POG) 720.00p +6.67%Home Retail Group (HOME) 105.90p +6.43%Britvic (BVIC) 328.00p +6.39%William Hill (WMH) 224.00p +3.04%COLT Group SA (COLT) 93.65p +2.29%Telecity Group (TCY) 595.00p +2.23%Anglo Pacific Group (APF) 265.50p +2.23%UBM (UBM) 498.10p +1.97%FTSE 250 - FallersPace (PIC) 81.65p -11.25%Mondi (MNDI) 455.50p -5.60%Premier Foods (PFD) 4.07p -4.82%Go-Ahead Group (GOG) 1,406.00p -4.35%Centamin Egypt Ltd. (CEY) 103.00p -4.19%Big Yellow Group (BYG) 257.50p -4.13%Perform Group (PER) 202.00p -3.81%African Barrick Gold (ABG) 546.50p -3.10%Phoenix Group Holdings (DI) (PHNX) 501.50p -3.00%Ashtead Group (AHT) 155.20p -2.88%
More News
27 Feb 2014 14:36

Driver Group Performing In Line With Expectations

LONDON (Alliance News) - Driver Group PLC said that it continues to perform in line with management expectations as it saw encouraging performances in Europe and the Middle East, although it cautioned on its performance in Africa and America, in a statement ahead of its annual general meeting Thu

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13 Dec 2013 15:43

Soco International Chairman adds 50,000 shares

Soco International's Non-Executive Chairman, Rui de Sousa, has acquired 50,000 shares in the international oil and gas exploration and production company. The shares were purchased at 384.97p each for a total spend of £192,485. In its interim management statement last month the group said it was

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10 Oct 2013 07:53

Driver Group Says Full-Year Headline Revenue Ahead Of Previous Year

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25 Sep 2013 09:42

Driver Group Buys In Chief, Contracts For Its Hong Kong Office

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21 May 2013 14:10

Driver Group almost doubled profits on success of acquisition

Driver Group shares got a lift on Tuesday after the company increased half year revenues and almost doubled its profits in the six months ended March 31st. Revenue at the global construction consultancy rose 74% from £10.6m to £18.5m, although this was driven largely by the acquisition of Trett in

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16 Oct 2012 08:42

Driver Group to beat full-year expectations

Driver Group, a global construction consultancy, rose following an announcement that it expects to 'exceed management's expectations' for the year to September 30th. In a pre-close trading update, the AIM-listed company explained that its Middle East and Africa businesses continue to trade ahead of

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5 Jul 2012 08:26

Driver Group wins contract in Africa

Construction consultancy Driver Group has made further progress to its Africa business following the award of a further contract. The deal is worth around $4.0m, but all other details remain confidential, the firm said. The project will be undertaken by a commercial joint venture between Driver

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27 Jun 2012 11:07

Middle East helps boost Driver Group

Construction consultancy Driver Group said a jump in Middle East revenues had helped catapult it back into profit in the first half. The firm reported pre-tax profits of £731,000, up from a loss of £140,000 the previous year. Revenue increased by 35% to £10.6m compared with £7.9m for the same peri

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25 May 2012 10:31

Driver wins consulting contract with mystery client

Driver Group, the global construction consultancy, looks to have landed itself up to four years of work on a new contract. The contract win, won under the auspices of Driver's recent acquisition, Treet Consulting, is with "one of the world's largest independent oil and gas ... companies". Driver

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19 Apr 2012 11:29

Driver moves up another gear

Driver Group, the construction consultancy, has lifted profit guidance for the second time this year on the back of strong trading and an order book that is fit to burst. Strong performances at its Middle East, Africa and UK Power divisions have persuaded the board to lift management expectations f

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20 Feb 2012 07:59

Driver Group speeds ahead

Construction consultancy Driver Group said the positive trends seen in its full year results to September 2011 have continued into the second quarter of the current financial year. Driver said the benefits of restructuring and refocusing the Middle East business have come through stronger than mana

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18 Jan 2012 08:27

Driver returns to profit

Shares in construction consultancy Driver stepped on the gas as it reported a return to profit, growth in revenue, and underlined its confidence in future trading with a proposed dividend of 0.5p per share for 2011. Given the trading environment in the last 12 months the group said its performance

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20 Oct 2011 10:39

Driver in the fast lane as margins grow

Trading in the year to 30 September has been better than expected, the construction consultancy Driver said. Turnover was in line with expectations and stronger margins resulted in underlying profit before tax that was "slightly" ahead of management's expectations, the company said. According to D

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27 Apr 2011 13:44

Driver returns to profit, shares jump

Shares in construction consultancy Driver raced ahead after it reported a return to profitability in the three months to 31 March. "The improved performance was principally due to an upturn in the European region across each of the service streams," the company said. The return to profitability ca

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