QinetiQ Group, the provider of technical advice to customers in the global aerospace, defence and security markets, says market uncertainties are making it difficult to visualise outlook beyond the current year. However, the board is confident that the group is able to build significant value over the medium-term.
With the widen international businesses, established strategy and well-built balance sheet, Electrocomponents, the world's leading high service distributor of electronics and maintenance products, is investing in its planned proposals and being aware of the ongoing economic situation, it is continuing to maintain tight cost control, therefore the group anticipates current second half operating costs to be in line with the second half of FY 2011.
Driven by higher volumes and sales growth across all product categories, Tate & Lyle Plc, the provider of specialty food ingredients and solutions, expects profits for the FY 2011 to be more heavily weighted towards the first half than usual, mainly due to the exceptionally strong performance from co-products during the first half.
In spite of tough trading conditions, the clothing retailer, Moss Bros Group has continued to make great progress in turning its business around and reported a rise of 2.5 percent in its full year like-for-like sales.
Despite difficult economic conditions, Hilton Food Group, has reported a rise of 13.6 percent in its full year revenue to £981.3 million, up from £864.2 million in 2010, which was driven by the new facility in Denmark and the recovery of higher raw material meat prices.
Homeserve Plc, the provider of home emergency and repair services to over 4.9 million customers internationally, has braced up to perform well for the current year and beyond by addressing the root causes behind the sales, marketing and complaints handling issues in the Britain.
With over 200 brands in 180 countries and more than 30 million customers, TUI Travel, the leisure travel company expects to see greater share of online bookings in 2012 and is scheduled to release its pre-close trading update on Thursday.
Driven by an increase in gold sales by 52 percent, Petropavlovsk, the Russian gold exploration company, has reported revenue of US$1.3 billion for the full-year 2011, which is more than double the group's revenue of US$612 million in 2010.
Petropavlovsk, the Russian gold exploration company, has increased the production target for the FY 2012 by 11 percent to 680,000oz compared to FY 2011 and a compounded yearly growth rate of 26 percent since the group first listed in 2002.
EG Solutions, the back office optimisation software company, has announced that it secured a further services contract from an existing UK enterprise customer in the financial services sector for the value of approximately £340,000, which will appear in the current financial year results.