Friday, 15 January 2010

Morning news wrap: Experian Group, Man Group, Pearson, Balfour Beatty

In the FTSE 100, global information services company Experian Group (LSE: EXPN) said growth in the third quarter was in line with expectations as total revenue increased 2% and organic revenue growth amounted to 1%.
Hedge fund manager Man Group (LSE: EMG) said funds under management in Q3 fell 4% to US$42.4 billion.
Pearson (LSE: PSON) said the company and its 61% owned Interactive Data are currently reviewing strategic alternatives for Interactive Data, responding to recent press reports.
In the FTSE 250, Balfour Beatty (LSE: BBY) said that trading and order book remained in line with previous interim management statement released in November, when the infrastructure group reported an order book of £13.7 billion. Average net cash for the second half of the year was in excess of £300 million.
In AIM, uranium miner Forte Energy (AIM: FTE) has executed the formal sale agreement for its 50% interest in the Maroochydore copper project in Western Australia to Aditya Birla Minerals’ (ASX: ABY) subsidiary Birla Maroochydore Pty for A$2 million.  http://www.proactiveinvestors.co.uk/companies/news/12204/morning-news-wrap-experian-group-man-group-pearson-balfour-beatty-12204.html

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