Advertisement
UK markets closed
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • CRUDE OIL

    83.37
    +0.01 (+0.01%)
     
  • GOLD FUTURES

    2,336.10
    -6.00 (-0.26%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • Bitcoin GBP

    53,341.48
    -296.09 (-0.55%)
     
  • CMC Crypto 200

    1,430.24
    +15.48 (+1.09%)
     
  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

BUZZ-Keller: Co warns of slow start to year

** Keller Group Plc (LSE: KLR.L - news) 's stock drops 3.8 pct & 2nd largest loser on FTSE-250 after the ground engineering contractor says both revenue and profit in the four months to April are behind last year

** Co says slow start due to previous flagged decrease in Australia, delays on certain major projects and the heavy snowfall in North America for an extended period

** "Although it has been a slow start to FY15 and profits are therefore set to be more H2 weighted than normal, order book momentum implies that FY15 expectations will be achieved," Investec (LSE: INVP.L - news) analyst Andrew Gibb writes in a note

** Co, which lays foundations for infrastructure and industrial projects, says FY results will be in line with market expectations, although more H2 weighted than normal

** Shares (Frankfurt: DI6.F - news) have gained 17 pct YTD (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)