Senior Level Appointments, Shares Purchase, Notional Principal Reduction, and AGM Results - Analyst Notes on Page Group, Just Retirement, QinetiQ, ICAP and Cairn
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LONDON, June 12, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding Michael Page International plc (LON: MPI), Just Retirement Group PLC (LON: JRG), QinetiQ Group plc (LON: QQ), ICAP plc (LON: IAP) and Cairn Energy PLC (LON: CNE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3663-100free.
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Michael Page International plc Analyst Notes
On June 5, 2014, Michael Page International plc (Page Group), the specialist recruitment consultancy, announced the appointment of Kelvin Stagg as the CFO of the Company. Prior to his appointment as the CFO, Kelvin Stagg held the position of acting CFO, Page Group since October 2013. Commenting on the appointment, Steve Ingham, CEO, Page Group, said, "Kelvin has been with Page for 8 years, during which time he has had a big influence on the quality and output of our Group Finance function. In the last two years he has worked closely with me and has built an excellent internal reputation for robust financial controls and delivery." Kelvin joined PageGroup as Group Financial Controller and Company Secretary in July 2006. The full analyst notes on Page Group are available to download free of charge at:
http://earnings-review.com/3663-MPI-12Jun2014.pdf
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Just Retirement Group PLC Analyst Notes
On June 4, 2014, Just Retirement Group PLC (Just Retirement) announced the appointment of Hugh McKee as Managing Director of Just Retirement Limited, the Group's life insurance business and Paul Turner as Group Director, Business Development, subject to regulatory approvals. Just Retirement informed that both Hugh McKee and Paul Turner will report to Rodney Cook, CEO, Just Retirement, and are members of the Group executive committee. Commenting on the appointments, Rodney Cook, said, "As we enter the next stage of the Group's development I am pleased to announce the appointment of Hugh McKee and Paul Turner to the leadership team. We will benefit from their significant international and UK market experience as we pursue further product and market extensions within the business." The full analyst notes on Just Retirement are available to download free of charge at:
http://earnings-review.com/3663-JRG-12Jun2014.pdf
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QinetiQ Group plc Analyst Notes
On June 9, 2014, QinetiQ Group plc (QinetiQ) announced that the Company has purchased 290,000 ordinary shares of One pence each for cancellation from J.P. Morgan Securities plc. QinetiQ informed that the average price paid for each share was c.212.06 pence, while the highest and lowest price paid per share was 212.5 pence and 211.0 pence, respectively. The Company does not hold shares in treasury. Post settlement of the aforesaid transaction, the Company will have nearly 658.4 million shares in issue. In addition, the figure 658.4 million represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Rules and Transparency Rules. The full analyst notes on QinetiQ are available to download free of charge at:
http://earnings-review.com/3663-QQ-12Jun2014.pdf
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ICAP plc Analyst Notes
On June 5, 2014, TriOptima, a company owned by ICAP plc (ICAP) announced that since the resumption of triReduce compression cycles within LCH.Clearnet's SwapClear service in December 2013, members have eliminated $114 trillion in notional principal. ICAP informed that as a result of this elimination, the cumulative total of notional compressed by TriOptima and SwapClear declined to $302 trillion since 2009. According to the Company, trade compression cycles help ensure post-trade efficiency; and running regular cycles in a range of currencies reduces both the gross notional and the number of outstanding OTC derivative transactions in the clearing house. Peter Weibel, CEO of triReduce, said, "The triReduce multilateral algorithmic solution is uniquely structured to optimize compression for a large number of participants simultaneously which is the most efficient way to reduce portfolio exposures." The full analyst notes on ICAP are available to download free of charge at:
http://earnings-review.com/3663-IAP-12Jun2014.pdf
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Cairn Energy PLC Analyst Notes
On May 15, 2014, Cairn Energy PLC (Cairn) announced the results of its 2014 Annual General Meeting (AGM). Cairn informed that during the AGM, the shareholder voted in majority to approve the re-appointment and remuneration of the auditors. In addition, the shareholders voted in majority to re-elect the following Board Members: Ian Tyler, Todd Hunt, Iain McLaren, Alexander Berger, M.Jacqueline Sheppard, and Simon Thomson. Further, during the AGM the resolutions for disapplication of pre-emption rights and authority to purchase own shares were passed under a special resolution The full analyst notes on Cairn are available to download free of charge at:
http://earnings-review.com/3663-CNE-12Jun2014.pdf
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