The market is very pleased at Serco's (SRP) new chief executive, sending its share price up 10.3% to 453.1p. The troubled outsourcing group has managed to poach Rupert Soames, the respected boss of emergency power provider Aggreko (AGK). The latter falls 3.7% to £15.69 on the news.
Real estate investment trust Intu Properties (INTU) is flat at 326.7p as there's a mixture of positive and negative points in its results which we explore in this news analysis. The dividend has been frozen at 15p a share but profits have more than doubled to £364 million from £159 million a year earlier.
Candover Investments (CDI) sparks up 13.3% (65.25p) to 554.25p as the investment company reports an 18% rise in net asset value per share to 715p for calendar 2013. The main driver of this uplift is an improved performance from Expro, the international oilfield services company seeing strong earnings growth and new contract wins.
British Airways owner International Consolidated Airlines (IAG) falls 2.6% to 440p as investors find full-year results a good reason to take profits following a strong rally over the past year. The group meets earnings expectations.
Although its full-year results reveal a strong second-half period, technology group Laird (LRD) dops 4.9% to 312.9p on a mixed outlook. Analysts downgrade earnings estimates because of unfavourable foreign exchange rates and a higher tax rate.