In the FTSE 100, utility company Severn Trent (LSE: SVT) said that trading has been in line with its expectations from 1 October to 25 January as the previously reported decline in consumption has stabilized and is projected to make a year on year impact of £5 to £10 million on the revenues in the current financial year.
Software developer Sage Group (LSE: SGE) said trading in the quarter to 31 December was consistent with management expectations as results for each of its regions were consistent with expectations. Net debt was reduced from £439 million to £392 million.
In AIM, Philippines focused Metals Exploration (AIM: MML) updated economic parameters f its Runruno gold and molybdenum project, now targeting a 10 year mine life with an annual production of approximately 100,000 oz of gold and 1 million pounds of molybdenum oxide.
Canada based junior gold developer Rambler Metals and Mining Plc (AIM: RMM) said it would investigate the resource potential within the 140L mining lease following the purchase of the Nugget gold facility.
North American based explorer Nighthawk Energy (AIM: HAWK) said the most likely oil in place at its Jolly Ranch project stood at 1.462 billion barrels gross. http://www.proactiveinvestors.co.uk/companies/news/12595/morning-news-wrap-severn-trent-man-group-rambler-metals-mining-nighthawk-energy-12595.html
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