Latest Share Chat

Management Resource Solutions Share News (MRS)

Management Resource Solutions Information

There is currently no data for MRS

London afternoon: Stocks extend gains

Thu, 18th Nov 2010 15:28

A positive start by Wall Street has given renewed impetus to Footsie's rise this afternoon. As in Europe, stocks are rising in the US on the hope that a package to take the steam out of the Irish debt crisis is imminent. Patrick Honohan, the head of Ireland's central bank, has confirmed a loan is likely with brokers suggesting it could be as much as €85bn, including €20bn to provide support for the country's beleaguered banks, Bank of Ireland, Allied Irish and Anglo Irish.In company news, shareholders are raising a glass to brewing giant SABMiller after a strong performance in all regions but Europe helped it post a rise in profits in the half year to September 30. Pre-tax profits at the brewer of famous brands such as Miller and Peroni climbed to $1.69bn (£1.06bn) from $1.5bn over the same period the previous year as revenues rose to $9.43bn from $8.84bn. Engineering and project management company AMEC is also going well after it won a double-headed contract from ConocoPhillips for oilfield services in the North Sea.Business process outsourcing colossus Capita is taking a beating after it warned revenue growth in the second half of 2010 has been subdued due to the pressures on public spending.Anglo-Dutch publishing giant Reed Elsevier is trading much the same as it did in the first half, with subscription revenues constrained, and advertising, promotion and other cyclical markets continuing to stabilise.Quality and safety services provider Intertek has run into profit taking after a decent update with market conditions strengthening across many parts of its business in the second half. In the first ten months of 2010 all divisions grew revenues, with the group as a whole achieving year on year organic revenue growth of 6.5%. In the FTSE 250, QinetiQ is on the attack after a sharp rise in half-yearly revenues at the defence technology group.Engineering conglomerate Melrose is another stock sharply higher. Current trading overall remains strong and is marginally ahead of management expectations, the company said.Its near namesake, Melrose Rersources, is not faring nearly so well. The shares tumble after the oil and gas company said production in the third quarter was about 6% lower than it was in the corresponding period of last year.London Stock Exchange grew profits by 26% in the first half, helped by cost cutting and a sharp increase in the number of new issues. Profit before tax for the six months ended 30 September jumped to £100.2m from £79.4m a year earlier. Halfords pedals forward after the bike and car part retailer's results. The company reported a healthy rise in sales and profits in the 26 weeks to 1 October, but trading remains tough, with like-for-like sales under pressure.Car hire firm Avis said current trading has continued to improve and expectations for the remainder of the year are unchanged. Overall rental income for the 4 months to end of October was up 4.5% from the previous year, having been 1.1% ahead for the six months to 30th June, the group said. Ground preparation engineer Keller is in a hole after cautioning full year results will be around the bottom end of market expectations as intense competition continues to bite. "Conditions in the group's mature markets continue to be difficult and the overall picture remains challenging," Keller said in a company statement.

More News

27 Feb 2015 09:34

Management Resource Solutions Trading In Line As Profit Rises

29 Jan 2015 14:06

Management Resource Solutions Unaware Of Reason For Share Price Fall

22 Aug 2012 09:40

Melrose Resources hit by Egyptian performance

A drop in production at its Egyptian assets has seen oil and gas player Melrose Resources deliver half year revenues down year-on-year. Turnover for the six months to the end of June was $128m against $156m at the same point in 2011. Profits before tax came in at $52.1m versus $61.8m in the prior

17 Aug 2012 11:28

Petroceltic makes bid for Melrose Resources

Oil and gas group Petroceltic International has launch a recommended bid for its sector peer Melrose Resources, which has assets in Egypt and Bulgaria. Under the deal, which would double AIM-listed Petroceltic's operations, Melrose shareholders will receive 17.6 new Petrolceltic shares for every Me

12 Sep 2011 09:37

Colfax offers 910p a share for Charter International

Shares in engineer Charter International jumped after it revealed that Colfax, the US manufacturing group that was earlier this month named as a mystery bidder for Charter, is considering making a 910p a share offer. Colfax - which supplies fluid-handling products including pumps, fluid handling sy

17 Aug 2011 15:01

Melrose Resources lowers 2011 production estimate

Shares in Melrose Resources fell back after the oil and gas group cut its full-year production forecast following some problems at its Egyptian operations. The company now expects to produce 36m barrels of oil equivalent a day over 2011, down from a previous estimate of 40.5m. In the six months to

12 Aug 2011 09:33

Melrose Resources plugs Bulgarian well

Shares in Melrose Resources fell back after the oil and gas group said had plugged and abandoned its Kaliakra East-1 exploration well in the Bulgarian Black Sea after the reservoir interval was found to be eroded. Nevertheless Melrose is pressing on with exploration of the Galata Block, where the w

1 Jul 2011 16:06

Enquest chief exec spends more millions

Enquest's chief executive Amjad Bseisu has been increasing his stake in the FTSE 250-listed North Sea oil and gas group, spending nearly £3m on shares. Double A, "a discretionary Trust in which the extended family of Amjad Bseisu have a beneficial interest" took about 2.44m shares at 121.6p a time

17 Jun 2011 14:32

Standard Life boss's wife buys

Caroline Nish, the wife of Standard Life's chief executive David Nish, has taken more shares in the insurer, spending £100,000. She took 49,335 shares at 201.4p a pop and now has 620,744. In a trading update in April, David Nish said Standard Life had a good start to 2011. "Strong sales across ou

6 May 2011 14:28

Melrose Resources cuts production guidance by 8%

Oil and gas group Melrose Resources has cut its full-year production guidance by 8% after disappointments at two of its Egyptian wells. The firm now expects to produce 40.5 thousand barrels of oil equivalents per day (Mboepd) in 2011, down from its previous guidance of 44 Mboepd. The North East Ab

10 Jan 2011 17:40

Paragon Diamonds boss takes holding to 86.5%

The chairman of Paragon Diamonds, Francesco 'Frank' Scolaro, has tightened his grip on the African gemstone group with the purchase of nearly £400,000 in shares. His Grandinex International Corporation took 1.29m shares at 30.47p a share taking Scolaro's total holding to about 123.4m shares, which

23 Dec 2010 11:37

Small caps round-up: Forte Energy, Futura Medical, Hightex...

Forte Energy has completed a 7,000m drilling program at its A238 uranium anomaly in the north of its leases in Mauritania and a 1,500m diamond drilling program should be completed next month. "These initial results are from the first pass shallow drilling along strike, and confirm the presence of

17 Dec 2010 12:30

Small caps round-up: CBG, GVC, Intandem...

Insurance broker CBG warned this year's revenue is likely to be lower than market forecast and as result, adjusted profit before tax is expected to be significantly below current expectations. The market background for the insurance broking division remains highly competitive and margins remain und

18 Nov 2010 16:53

Dip in third quarter production for Melrose Resources

Oil and gas explorer and producer Melrose Resources says that its third quarter production averaged 41m barrels of oil equivalent per day (boepd) with production in Bulgaria starting after the end of the period. That figure is 6% lower than the same period in 2009 as Melrose is holding down produc

18 Nov 2010 16:36

London close: Good day for blue chips

Blue chips had a good day buoyed by the response to General Motor's record breaking US float and hopes for a deal in Ireland. Patrick Honohan, the head of Ireland's central bank, confirmed a loan is likely, with brokers suggesting it could be as much as €85bn, including €20bn to provide support for

Latest Share Chat

Management Resource Solutions Share News (MRS)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London afternoon: Stocks extend gains

Login to your account

Quickpicks are a member only feature

Login to your account