LONDON, June 13, 2014 /PRNewswire/ --
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Today, Earnings Review released its analysts' notes regarding FirstGroup Plc (LON: FGP), Partnership Assurance Group Plc (LON: PA), EnQuest Plc (LON: ENQ), 3I Group Plc (LON: III) and Big Yellow Group Plc (LON: BYG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3714-100free.
FirstGroup Plc Analyst Notes
On May 28, 2014, FirstGroup Plc (FirstGroup) reported that it will cease the operations of its Caledonian Sleeper rail franchise, with effect from April 1, 2015, as the Transport Scotland has chosen Serco as new operator for such sleeper services between Scotland and London. The Company informed that Caledonian sleeper services, operating four cross-border trains per night, constituted 2% of First ScotRails total annual revenue. Tim OToole, CEO, FirstGroup, said, "I would like to thank all of our employees who have worked hard to deliver the best possible service for Caledonian Sleeper customers over the past ten years. We submitted a strong bid which would have offered further high quality services for passengers and a good return for taxpayers." The full analyst notes on FirstGroup are available to download free of charge at:
Partnership Assurance Group Plc Analyst Notes
On June 4, 2014, Partnership Assurance Group Plc (Partnership) welcomed the government's plans to introduce Collective Defined Contribution Schemes (CDCs), but also warned against simply copying the Dutch-style pension schemes in UK where market poses different challenges. Partnership's Head of Product Development, Mark Stopard said, "This move is to be welcomed as it demonstrates further innovation and a genuine commitment to providing better consumer outcomes." Stopard further added: "However, we need to ensure that rather than simply copying the Dutch model, we recognise the UK market poses different challenges and consider how we can learn from their mistakes. One possible solution is to look at ways in which we can adapt the CDC model by using areas of expertise where the UK is arguably a world leader such as individual underwriting of longevity risk that underpins the current enhanced annuity products." The full analyst notes on Partnership are available to download free of charge at:
EnQuest Plc Analyst Notes
On May 16, 2014, EnQuest Plc (EnQuest) released its Interim Management Statement. EnQuest stated that the production from January 1, 2014 to April 30, 2014 averaged 25,597 Boepd, reflecting a growth of 24.9% YoY. The Company also reiterated production guidance between 25,000 Boepd and 30,000 Boepd for the full year 2014. Amjad Bseisu, CEO, said, "We have taken another positive step forward in Malaysia with a small development in Tanjong Baram, our first operating partnership with PETRONAS. We have also had a discovery in Avalon and are now evaluating the well results towards a potential development. Avalon is in close proximity to our Scolty/Crathes discoveries and further enhances the potential of the Greater Kittiwake Area." The full analyst notes on EnQuest are available to download free of charge at:
3I Group Plc Analyst Notes
On June 10, 2014, 3I Group Plc (3I) announced that Lekolar, the 3i-backed leading pan-Nordic provider of educational products and furniture to pre-schools and schools, signed an agreement to acquire Leika, the Danish provider of educational products, furniture and playground products to primarily pre-schools. Fredrik Asplund, Group CEO, Lekolar, said, "The combination will create a compelling proposition for customers and suppliers who will benefit from greater scale and the broadest product range in the Danish market. The acquisition consolidates Lekolar and Leika's leading positions in educational products, toys and arts & crafts and the furniture segment for pre-schools, but also includes Leika's successful Playground business. We are excited about combining forces with Leika as this will support sustainable growth of Lekolar in Denmark and the Nordics." The full analyst notes on 3I are available to download free of charge at:
Big Yellow Group Plc Analyst Notes
On May 30 2014, Big Yellow Group Plc (Big Yellow) announced total voting rights in accordance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 5.6.1. Big Yellow notified that on May 30, 2014, the issued share capital of the Company was 143,092,260 ordinary shares, of which 1,418,750 were held in treasury. The total number of voting rights in Big Yellow excluding treasury shares stood at therefore 141,673,510. The full analyst notes on Big Yellow are available to download free of charge at:
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