![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Melco Resorts & Entertainment Ltd | TG:MAS | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.93% | 5.45 | 5.35 | 5.45 | 5.40 | 5.35 | 5.35 | 6,900 | 22:50:17 |
RNS Number:1009N Marlborough Stirling PLC 03 July 2003 For immediate release 3rd July 2003 Marlborough Stirling plc Trading update Marlborough Stirling plc today issues a trading update in advance of its interim results announcement, due to be made on Tuesday 2nd September 2003. First half performance and outlook The group expects total turnover (including its share of turnover from joint ventures) for the six months ended 30th June 2003 to be over #54 million, towards the higher end of market expectations. Strong performances were achieved by our outsourcing and portal services businesses but, as expected, software and consultancy sales were below last year's levels. We enter the second half of the year with cautious optimism as we look to build our visibility and sales pipeline for the rest of 2003 and into 2004. There is an increasing level of new business activity in all three areas of our business: software and consultancy, particularly Omiga mortgage software in Canada and solutions based on straight through processing; life and pensions outsourcing, where there is an increasing awareness of the success of the Sun Life Financial of Canada re-engineering; and portal services, where we are aggressively rolling-out a range of new services. In terms of the financial outlook for the full year, our visibility for 2003, in terms of contracted and recurring turnover, now stands at approximately #100m. Current trading continues in line with expectations. Outsourcing The outsourcing business has delivered strong year on year growth in 2003 primarily reflecting the commencement of the Sun Life Financial of Canada contract in March 2002 and the GE Pensions contract in the second half of 2002. At Sun Life Financial of Canada, a significant proportion of policies are now migrated on to the Lamda platform, our client has reduced its operating costs by around 40% from the peak in 2000 and the final migration of a further 250,000 policies remains on schedule to complete around the end of the third quarter this year. Software and consultancy As previously reported, our software and consultancy business has had a relatively quiet start to the year in line with our expectations. However, pipeline activity is improving in some key areas; the prospects for Omiga sales in Canada look particularly encouraging. In addition, our recently developed new business module to our Lamda solution, for delivering straight through processing for life and protection insurance products, is generating strong interest from potential clients, and we have commenced paid work for one client. Portal services Our portal services business has performed ahead of our expectations in the first half of 2003 with turnover similar to that achieved in the comparable period of 2002. Importantly, we have also commenced work to develop Exweb's full electronic trading capability. This significant project involves an investment in 2003 of around #3m, which will bring additional revenues from 2004 onwards. Reflecting the industry's support for this key initiative, we have now secured contractual support from three major product providers, Friends Provident, Scottish Equitable and Standard Life, and we expect to finalise arrangements with a similar number of leading product providers in the near future. The support is reflected in medium term contracts relating primarily to both quotation and electronic new business processing transaction services. Further information Marlborough Stirling 01242 547000 Huw Evans, Chairman & Chief Executive Bob Beveridge, Finance Director Citigate Dewe Rogerson 020 7638 9571 Toby Mountford Alex Brown This information is provided by RNS The company news service from the London Stock Exchange END TSTKGGGNNZGGFZM
1 Year Melco Resorts & Entertai... Chart |
1 Month Melco Resorts & Entertai... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions