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|Day's range||19.89 - 20.08|
|52-week range||19.89 - 20.08|
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Aggreko (Frankfurt: A1XFZR - news) , the world's largest temporary power provider, said its first-half profit fell 10 percent, hurt by discounts it had to make to win a contract in Argentina, the company's single largest market. The British firm, whose kit powers major events and covers electricity shortfalls, said pretax profit before exceptional items fell to 63 million pounds ($83 million) in the six months ended June 30, from 71 million pounds a year ago. Excluding fuel and currency movements, revenue was in line with the prior year, Aggreko said, adding that the results met market expectations.
Aggreko Plc, the world's largest temporary power provider, is losing its respected finance chief Carole Cran, who it said would join Scotland's Forth Ports Ltd. Cran, described by Citigroup (NYSE: C - news) analysts as "an excellent CFO and a super Aggreko ambassador for many years", would leave within the next 12 months as part of an orderly handover, Aggreko said on Tuesday.
Aggreko Plc (Frankfurt: A1XFZR - news) , the world's largest temporary power provider, said on Thursday it had withdrawn a proposed executive pay policy after some investors disapproved of a new restricted share plan (RSP). The company has been looking to switch its remuneration policy to more "fairly align" shareholder and management interests as it contends with challenging market conditions. Against this backdrop, the company said on Thursday the RSP plan was supposed to reduce the amount of annual bonus and awards under a Long Term Incentive Plan, while increasing the amount of Aggreko shares management members have to hold.
Aggreko Plc (Frankfurt: A1XFZR - news) , the world's largest temporary power provider, said it was reviewing the value of its North American fleet of oil and gas rental generators after further weakness in that market dragged down its third-quarter underlying revenue. Aggreko, whose kits power major events and cover electricity shortfalls, has been cutting costs and jobs and reigning in its capital spending to cope with subdued demand and price pressures. The potential writedown comes as Aggreko tries to limit its exposure to the North American oil and gas market, whose weakness has offset gains elsewhere.
** Temporary power provider Aggreko's shares down 7.5 pct, second-largest losers on the Stoxx 600, after Credit Suisse cuts to "underperform" from "neutral", PT to 740p from 1065p ** ...