The FTSE 100 opens 10 points up to 7,497.67 rounding off what has been a decent week for the UK’s main market.
Mobile operator Vodafone (VOD) shares tick up 2.7% to 230.9p as it reports organic revenue growth of 2.2% in the first quarter to 30 June. The company says it is enjoying robust growth in Italy and Spain while the UK is recovering.
Emergency home repairs company Homeserve (HSV) shares shed 4.4% to 700.5p despite the company reporting strong growth between 1 April and 20 July 2017. It has added 2.5m new customers in North America during the period driven by 24 new partner signings but reiterates that the business is highly seasonal, with 2018 trading expected to weighted towards the second half of the year.
Online payments company Paysafe (PAYS) shares are up 7.6% to 583.5p as the company reveals it has received a possible offer by private equity houses Blackstone and CVC Capital Partners to buy the company. Paysafe also reveals that is it to acquire Merchants’ Choice Payment Solutions for $470m.
Online retailer AO World (AO.) ticks up 1.68% to 121p as it reports revenue growth on its UK website of 6.2%. In mainland Europe, the company reports strong year-on-year revenue growth of 57.6% in local currency terms.
Acacia Mining (ACA) shares drop 8.4% to 257.2p as its first half results to 30 June show revenues are down by 22% on a year-on-year basis. The company also states that due to negative cash flow, no interim dividend is being declared, in line with its policy
Learning Technologies Group (LTG:AIM) tracks up by 8% to 49p as it reveals record revenues of £20.8m in the first half of the year to 30 June. The company reports that its integration of NetDimensions has been successfully completed on time and expects to see positive results from the beginning of 2018.
Currency hedging company Record (REC:AIM) shares enjoy a 3.4% advance to 46p as its first quarter update to 30 June shows that its assets under management equivalent has increased by 2.9% to $59.9bn. The company also shows that there has been no client outflows during the period.
