Morning news wrap: Carphone Warehouse, Morgan Sindall, Microsoft, Vectura Group


In the FTSE 250, Carphone Warehouse (LSE: CPW) released its interim results, reporting a 13% increase in revenues to £789 million, while pre-tax profits and earnings per share jumped 88% to £75 million and 6.0 pence respectively, which the company said was ahead of expectations.

Pharmaceutical company Vectura Group (LSE: VEC) reported a 71% increase in H1 revenues to £22.8 million, while loss after tax narrowed to £3.3 million from £10 million.

Construction and regeneration business Morgan Sindall (LSE: MGNS) has appointed Microsoft’s former Chairman for Europe, Middle East and Africa Patrick De Smedt as a non-executive director.

In the AIM, Philippines focused gold producer Medusa Mining (AIM&ASX: MML) will start trading on the Toronto Stock Exchange today under the trading code of MLL.

Healthcare workforce optimisation solutions provider Allocate Software (AIM: ALL) has agreed to acquire Swedish-based provider of workforce management software Time Care AB to provide it with a “strong geographical footprint in the Nordic region.”

Europe focused oil and gas developer Ascent Resources (AIM: AST) has raised £6 million by placing 120 million shares at a price of 5 pence per share to fund its 2010 development plan focused on proving up reserves and increasing production.

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