Market News - Page 864

TClarke plc (“TClarke” or the “Group”), the Building Services Group, announces a year end trading update ahead of its preliminary results for the year ended 31st December 2016, which will be announced on Tuesday 28th March 2017….

The boards of Tesco PLC (“Tesco”), the UK's leading food retailer, and Booker Group plc (“Booker”), the UK's leading food wholesaler, are pleased to announce that they have reached an agreement on the terms of a recommended share and cash merger (the “Merger”) to create the UK's leading food business….

Treatt Plc (the 'Company' or the 'Group'), the manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance and FMCG industries will hold its AGM at 10.30 a.m. today, Friday 27 January 2017….

OPG Power Ventures PLC, the developer and operator of power plants in India, announces the following update. In early November 2016, the federal government announced the de-monetisation of high denomination currency (Rs.500 & Rs.1000 bills which amounted to 85.5% of the currency in circulation). This degree of overnight contraction in currency supply had an effect on short term consumer spending across the country, which has impacted some of our customers and therefore their near term demand for electricity. As the short term effect of this gradually subsides, there is a widely held view that the event will act as a significant positive on the long term sustainable growth of India's economy. We believe we have been able to largely mitigate the impact to date of this event through the diversity of our customer base….

“We have delivered another good all-round performance despite severe economic disruptions, particularly in India and Brazil, two of our largest markets. This further demonstrates the progress we have made in transforming Unilever into a more resilient business. We have again grown ahead of our markets, driven by strong innovations that support our category strategies. At the same time, we have accelerated our margin expansion even after absorbing the higher restructuring costs associated with the implementation of 'Connected 4 Growth', the next stage in our transformation….

“Netcall has had robust trading in the first half of the financial year, with a growing order book and annualised recurring revenues. Our stated strategy of investing in the Group's cloud capabilities to capitalise on the rapidly growing SaaS market opportunity is yielding positive early results, and we are pleased with the progress achieved during the period. With a healthy sales pipeline, high levels of revenue visibility and strong financial position, the Board is confident in the Group's prospects for the year as a whole.”…

“We continue to make good progress against our three point strategic plan: to grow and innovate in our core UK businesses; to focus on our strengths to grow internationally; and to build the capability and platform to support future growth. We remain on track to open c.3,700 new UK Premier Inn rooms and our committed pipeline stands at around 14,000 UK hotel rooms. We have also recently signed two additional sites in Germany (Freiburg and Essen) taking our committed German pipeline to five hotels. We expect to open 230-250 net new Costa coffee shops worldwide and to install at least 1,500 new Costa Express machines, having already surpassed our previous guidance of 1,250 in the current financial year….

Sprue (AIM: SPRP), one of Europe's leading home safety products suppliers, today announces a trading update ahead of the release of its audited final results for the year ended 31 December 2016, which are expected to be in line with market expectations. The figures set out in this announcement are subject to audit….