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Sparks Team
16 October 2018 · 3 min read

Merlin Entertainments (MERL); issues strong trading statement

Resort theme parks reported 9% organic revenue growth

Theme parks and Madame Tussauds operator Merlin Entertainments, has issued a trading update showing a 4.7% rise in like-for-like revenues in the first 40 weeks of its financial year, driven by its large theme parks and Legoland resorts.

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Sparks Team
16 October 2018 · 2 min read

Drax Group (DRX); to buy Scottish Power’s portfolio

Drax Group Makes £702m Acquisition From Scottish Power

Drax Group, the Yorkshire power station company which generates about 6% of Britain’s electricity, is to buy Scottish Power’s portfolio of pumped storage hydro and gas-fired generation from Spain’s Iberdrola for £702m.

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Sparks Team
16 October 2018 · 3 min read

Nanoco Group (NANO); preliminary results: loss after tax narrows to £6m

Stock down 6.18% to 31.90p at 08:29

The company announced preliminary results for the year ended 31 July 2018. Billings increased to £6.5m from £1.1m in 2017. Revenue and other operating income more than doubled to £3.5m from £1.6m in 2017.

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Sparks Team
16 October 2018 · 3 min read

Scottish Oriental Smaller Companies Trust (SST); NAV/sh falls 2.4% for FY18

Stock down 1.84% to 852.0p at 8:22

For year ended 31 August 2018, NAV per share has fallen 2.4% y-o-y in total return terms. This compares to the MSCI AC Asia ex Japan Index and the MSCI AC Asia ex Japan Small Cap Index, which rose 2.2% and 1.3%, respectively.

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Paul Hickman
16 October 2018 · 2 min read

Gear4music (G4M); sticking to its full-year EBITDA guidance

Gear4music's market is expecting 41% growth to £4,9m

Gear4music, the international online musical instrument retailer, has battled competition in its first half to August and is starting to reap the benefits in the second, crucial for the important Christmas trade.

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Sparks Team
16 October 2018 · 2 min read

Kape Technologies (KAPE); acquires ZenMate for €4.8 million

Kape hopes to leverage ZenMate’s 50,000 premium customers, through cross-selling

KAPE announced the acquisition of ZenGuard GmbH and ZenMate, a multi-platform security software business, for total consideration of €4.8m. The company expects the acquisition to be earnings-accretive in the first full year of ownership. 

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