Investor Update: Enteq Upstream suggests 50% boost to first half revenues

Headlines from the Proactive UK newsroom.

Oilfield services group Enteq (LON:NTQ) says first half revenues will be more than 50% higher than the same period last year while underlying profits have more than doubled. Both numbers are ahead of management expectations. 

Passenger numbers at Southend Airport increased by 42% in the six months to 31 August 2019, compared to the same period last year said owner Stobart (LON:STOB). Ryanair flights started in April, Loganair flights in May and easyJet’s growth continued.

J Sainsbury (LON:SBRY) is to stop selling new mortgages, close between 10-15 supermarkets and 60-70 Argos stores. These actions along with the weather will knock £50mln off interim profits but save £500mln over five years. 

Premier League football club Manchester United’s revenues hit another record in the year to July in spite of a mediocre season on the pitch. That will affect this year with revenues and profits predicted to fall.

Savannah Resources (LON:SAV) says that as well as lithium, its Mina do Barroso  project in Portugal also contains substantial quantities of quartz and feldspar. These can be recovered and sold to local ceramic and glass companies.

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