Edison Investment Research

eServGlobal Limited (ESG): HomeSend reaches major commercial and execution milestones

Stock up 13.77% to 9.5p at 08:07

HomeSend has signed a contract which will increase revenue streams via mid to large banks, with first phase volumes expected to begin by Q3 2018 typically in the range of $0.5bn to $2bn.

GAME Digital PLC (GMD): Half year results to 27 January 2018

Stock up 18.31% to 28.39p at 08:04

Revenues grew 3.9% to £517.4m; retail revenues were flat at £374m but events, esports & digital revenues grew 31.5% to £7.1m. Group profit before tax fell 25.5% to £12.3m while profit on core retail fell 56.1% to £9.7m but the events, esports & digital division moved to a profit of £2.6m from a loss of £5.6m in the prior period. The console market is expected to be more challenging in H2 than in the recent past.

GlaxoSmithKline PLC (GSK): Agrees to take full ownership of Consumer Healthcare Business from Novart

Stock up 2.56% to 1,321.2p at 08:07

GSK has agreed to buy Novartis’ 36.5% stake in their Consumer Healthcare joint venture for $13bn. The transaction is expected to be earnings accretive in 2018 and thereafter, with operating margins to approach the middle of a 20-30% range by 2022. Completion of the buyout is currently expected to occur during the summer of 2018, subject to shareholder approval.

e-Therapeutics plc (ETX): 2017 full year results

ETX spent 2017 refocusing resources on its network-driven drug discovery platform and is in late-stage discussions with a number of potential partners as part of its strategic emphasis on marketing and business development. ETX has no revenues but reduced operating losses to £6.8m for the year ended 31 January 2018 compared to £16.3m for the year ended 31 January 2017.

SCISYS PLC (SSY):dav 2017 unaudited results

Stock up 4.31% to 133p at 08:06

Revenues grew 25% to £57.2m with professional fees 28% higher at £48.0m and growth spread evenly between the UK and Europe. Adjusted operating profit grew 44% to £4.6m and the full year dividend per share was increased by 10% to 2.16p. The outlook for 2018 continues to be very encouraging with a record order book of £91.3m.

Custodian REIT plc (CREI): Property purchase in Gateshead

CREI acquires 8-year lease on an industrial unit in the North East for £3.9m at a net initial yield of 6.73% for £3.9m.

Standard Life Private Equity (SLPE): Q4 2017 trading statement

Net asset value per ordinary share increased by 3.1% to 401.5p for the quarter ended 31 December 2017, 91.4% by value of the portfolio having been valued by the respective underlying managers.

Shore Capital Group (SGR): 2017 preliminary results

Stock up 6.12% to 260p at 08:10

Group revenues grew 6.3% to £41.9m, with revenues in the larger Capital Markets division decreasing 3.9% to £27.2m but revenues from Asset Management growing 24% to £12.9m. Asset Management margins improved to 23.3% while Capital Markets margins decreased to 19.1%. Adjusted profit before tax grew 27.5% to £6.5m and the dividend was doubled to 10p per share.

YouGov plc (YOU): Half year results to January 2018

Stock up 2.63% to 374.6p at 08:13

Revenues grew 12% at constant currency and profit grew at 65% as YouGov continues to shift to higher margin products and still grow. Trading has continued positively in the second half so far and YouGov remain confident of full year guidance.

John Laing Group (JLG): Rights Issue sees 97% takeup

Stock down 1.48% to 253p at 08:15

JLG received valid acceptances in respect of 118,693,628 Rights Issue Shares, representing approximately 97.03% of the total number of Rights Issue Shares offered. The underwriters will attempt to find buyers for the remaining 3% of shares but have contracted to purchase any unsold shares themselves in the event no buyers are found.