In the FTSE 100, Tullow Oil (LSE: TLW) said its operational and financial performance was in line with expectations. The company’s working interest production from its assets is expected to average 58,000 boepd (barrels of oil equivalent per day), while exploration success rate to date has been at 85%. The first oil at Jubilee is still expected in Q4 2010.
Power generation company International Power (LSE: IPR) said operations in Europe and Australia were ahead of expectations, while US markets remained challenging.
Scottish and Southern Energy (LSE: SSE) reported on its interim results, saying pre-tax profits soared 35.7% to £410.5 million, while earnings per share were up 30% to 34.2 pence. The interim dividend was raised to 21.0 pence from last year’s 19.8 pence.
Supermarket chain Sainsbury’s (LSE: SBRY) said its total sales for the 28 weeks to October 3 rose 3.7% to £11,158 million, while like for likes increased 5.7%. Pre-tax profit hiked 32.6% to £342 million, while earnings per share soared 42.9% to 14 pence. The interim dividend was raised 11% to 4 pence.
Publisher Reed Elsevier (LSE: REL) said the business trends witnesses in the first half of the year would continue into the second half and into 2010 with regard to late cycle effects in professional markets.
In the FTSE 250, National Express (LSE: NEX) has issued over 357 million new shares to raise £360 million.
Engineering firm Balfour Beatty (LSE: BBY) has the overall performance in the UK and US building sector has been strong. The company had an order book of £13.7 billion and said it would make good progress this year.
Micro Focus (LSE: MCRO) said it expected to report total revenues of US$195 million for the year ending 30 April 2010, up from US$135 million in 2009.
In the AIM, African Diamonds (AIM: AFD) said the De Beers stake in the AK6 Botswana diamond project has been acquired by Lucara and the company had the option to increase its stake in AK6 from 29% to 40% by acquiring a stake from Lucara. The company said it would exercise the option.
North America focused oil & gas junior Pantheon Resources (AIM: PANR) said turnover for the year ended 30 June amounted to £0.52 million, down form last year’s £0.78 million, while pre-tax losses narrowed to £3 million from £4.8 million in 2008.