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Market Update

Admiral Group Hikes Dividend, G4S Net Swings to Profit


Author: Nigel Thomas
ticker.com
Last Update: 9:32 AM ET August 13 2014

4:00 PM Frankfurt G4S net swung to profit of 85 million after revenue jumped 4%. Admiral Group profit climbed 5% to 144.4 million but revenue fell 2%. Lookers net surged 40% to 29 million on 23% increase of revenue. Michael Page net soared 9% from a year ago to 24 million.

In London trading, FTSE 100 index rose 0.4% or 24.26 to 6,656.68 and in Frankfurt the DAX index climbed 1.6% or 129.41 to 9,198.88.

In Paris, CAC 40 index gained 0.8% or 32.63 to 4,194.79.

G4S Plc jumped 2.9% to 267.43 pence after the U.K.-based security services provider said revenue in the first-half ending in June climbed 3.8% to 3.37 billion from 3.25 million a year ago period.

Net in the period swung to profit from a year ago to 85 million compared to a loss of 192 million and diluted earnings per share swung to 5 pence from a loss of 14 pence.

Admiral Group Plc declined 5.7% to 1,368.02 pence after the U.K.-based automobile insurance company said group revenue in the first-half ending in June fell 2.2% to 444.6 million from 454.8 million a year ago period.

Profit in the period jumped 5.4% from a year ago to 144.4 million compared to 137 million and diluted earnings per share rose to 52.7 pence from 50 pence.

Lookers Plc jumped 2.1% to 335.70 pence after the U.K.-based new and used vehicles provider reported revenue in the first-half ending in June soared 23% to 1.60 billion from 1.24 billion a year ago period.

Net profit in the period surged 39.7% from a year ago to 29.05 million compared to profit of 20.8 million and diluted earnings per share increased to 7.43 pence from 5.25 pence.

Michael Page International Plc slipped 1.1% to 441.90 pence after the U.K.-based recruitment consultancy company reported revenue in the first-half ending in June increased 1.8% 512.22 million from 503.25 million a year ago period.

Profit in the period soared 9.4% from a year ago to 23.5 million compared to 21.4 million and diluted earnings per share rose to 7.5 pence from 7 pence.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc