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COMPANIES listed on the London Stock Exchange Group PLC's
(LSE.LN) AIM 100 market don't disclose enough information on pay
packets, according to a study published Monday.
The debate on how much executives are paid has been raging in
the U.K., fueled by incidents such as the pension payout for former
RBS Group PLC (RBS.LN) boss Fred Goodwin, but while the focus has
been on larger companies, it is expected to filter down to the
growth markets.
According to a report by Hewitt New Bridge Street, only 65% of
AIM 100 companies publish an executive pay report, with a minority
putting this to a shareholder vote.
DOMINO'S PIZZA UK & IRELAND PLC (DOM.LN) Monday lifted its
interim dividend and said it is on track to beat expectations for
the full year, after posting a 25% increase in first-half pretax
profit due to soaring online sales.
The pizza delivery company recorded pretax profit for the 26
weeks ended 28 June of GBP13.6 million, up from GBP10.9 million a
year earlier.
Online sales surged 39% to GBP35.2 million and now make up more
than a quarter of all sales.
At 1045 GMT, shares +19.75 pence, or 9%, at 239.25 pence.
FUTURA MEDICAL PLC (FUM.LN), a drug developer, Monday said it
has signed an evaluation agreement with an unnamed major
pharmaceutical company for the development and commercialisation of
its pain relief product TPR100.
The Guildford, England-based company said the evaluation period
may lead to a commercialization agreement for rights to TPR100 in
certain territories.
At 1045 GMT, shares +1 pence, or 4%, at 23.5 pence.
MICHELMERSH BRICK HOLDINGS PLC (MBH.LN) said it has successfully
completed the refinancing of all of its term loans and overdraft
facilities.
The brick, land development and landfill company said its
existing Bridging Loan and Revolving Loan facilities with Barclays
PLC (BARC.LN) have been extended with repayment now due June 1,
2011.
Michelmersh said it has also received further funding from
Venture Structured Finance, part of ABN Amro BV.
At 1045 GMT, shares +1.5 pence, or 7.1%, at 22.5 pence.
STHREE PLC (STHR.LN), an international recruitment company, said
it will maintain its interim dividend at 4 pence despite reporting
an 88% on-year fall in first-half pretax profit, pointing to its
cash balances and its rapid bounce back from downturns in the
past.
In the six months to May 31, SThree, which focuses on the
information and communication technology markets, posted pretax
profit of GBP2.7 million, compared with GBP21.8 million in the six
months to June 1, 2008.
Revenue fell to GBP280.6 million from GBP295.4 million.
At 1045 GMT, shares -6.75 pence, or 4%, at 179.75 pence.
INTERSERVE PLC (IRV.LN), a U.K. services, maintenance and
building group, said it has been awarded a place on a construction
framework worth a possible GBP500 million over the next four
years.
Construction Framework South West, which involves 10 other
contractors, is intended for new-build or refurbishment projects
worth more than GBP1 million.
Typical projects would include schools, civic buildings and
health service buildings, Interserve said.
At 1045 GMT, shares +0.5 pence, or 0.29%, at 170 pence.
SYNCHRONICA PLC (SYNC.LN), a mobile email and data
synchronisation provider, said it expects first-half sales to rise
by six times and to win more new customers in the second half.
For the six months to June 30, the firm expects to post sales of
at least GBP1.2 million, up from GBP190,000 a year earlier.
The firm said historically the bulk of its sales are generated
in the second half of the year, giving it confidence for its
full-year results.
At 1045 GMT, shares +0.28 pence, or 11%, at 2.88 pence.
CAPITAL & REGIONAL PLC (CAL.LN), a property investor, said
its banks have agreed to waiver some of its banking covenants as it
continues to renegotiate the terms, looking to get more financial
flexibility.
The firm said its banks have agreed to waiver its net asset
value and gearing covenants until Sept. 30.
In a statement for the first half ended June 30, Capital &
Regional said it was making good progress on negotiating amended
banking arrangements for both the group and its X-Leisure fund.
At 1045 GMT, shares +1.75 pence, or 6%, at 29 pence.
HARDY OIL & GAS PLC (HDY.LN) said one of its fields had to
be shut down this month for the unscheduled repair and maintenance
of the offshore mooring facility.
The oil and gas explorer, which focuses on India, said the PY-3
field was shut down July 5 and poor conditions at sea have delayed
the repairs needed to restart production.
At 1045 GMT, shares +2.5 pence, or 0.73%, at 345 pence.
FTSE AIM +0.4%
FTSE Small Cap +0.4%
-By Hannah Benjamin & Rachael Gormley, Dow Jones Newswires;
44-20-7842-9298; uksmallcaps@dowjones.com
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