LONDON (ShareCast) - Design and engineering consultancy group WS Atkins went ahead after it saw revenue and profits rise last year. It also said it already has half of its budgeted income for the current financial year secured.
Revenue
in the year to 31 March 2009 rose 13% to £1,487.2m from £1,313.6m a year earlier, while profit before tax climbed 12% to £102.7m from £91.9m.
Work in hand represents 54% of budgeted revenue for the current financial year, compared with 55% at the same stage last year. The company said the majority of its markets remain 'relatively stable' but the UK building design business is a bit rocky while confidence has yet to fully return to the Middle East.
IT contracting company Logica (LSE: LOG.L - news) is higher after broker Deutsche Bank (Xetra: 514000 - news) upgraded the stock to "buy" from "hold" and increased the target price.
The broker said Logica shares are sitting close to their trough valuation on realistic forecasts.
FTSE 250 (news) - Risers
Logica (LOG) 75.25p +4.51%
Brewin Dolphin (LSE: BRW.L - news) (BRW) 130.50p +4.40%
PayPoint (PAY) 498.00p +3.32%
Pace (PIC) 194.50p +3.18%
HMV Group (LSE: HMV.L - news) (HMV) 119.25p +2.80%
Domino's Pizza UK & IRL (DOM (A078610.KQ - news) ) 202.00p +2.15%
Atkins (WS) (ATK) 550.00p +2.04%
JD Wetherspoon (JDW) 370.75p +1.58%
Computacenter (LSE: CCC.L - news) (CCC) 198.00p +1.54%
Hikma Pharmaceuticals (LSE: HIK.L - news) (HIK) 442.00p +1.49%
FTSE 250 - Fallers
Aquarius Platinum Ltd. (AQP) 238.00p -7.84%
GKN (GKN (LSE: GKN.L - news) ) 124.25p -6.58%
3i Group (III) 239.50p -6.45%
DS Smith (SMDS) 63.00p -5.97%
Cookson Group (CKSN) 271.25p -5.90%
Hochschild Mining (LSE: HOC.L - news) (HOC) 270.25p -5.51%
BlackRock World Mining Trust (BRWM) 376.00p -5.47%
Weir Group (LSE: WEIR.L - news) (WEIR) 472.50p -5.12%
National Express Group (NEX) 295.50p -4.98%
Sports Direct International (SPD) 81.25p -4.97%
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