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Friday, 4th July 2008

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Vancouver Winter Olympics deal fails to generate joy for Aggreko
AGGREKO, the Glasgow-based temporary power generator, failed to light up the market despite signing an agreement with the organising committee for the 2010 Winter Olympic Games in Vancouver.

The deal, expected to generate more than $25 million (£1
3m) in revenues for the Scots firm, will involve Aggreko supplying temporary power and temperature control equipment at all of the event's venues. Although both ABN Amro and Oriel Securities rate Aggreko as a "buy", shares in the group slipped 6.5p to 633.5p.

Shares in audio chip developer Wolfson Microelectronics dipped 1.25p to 138.25p despite news that chairman Michael Ruettgers had bought 100,000 shares at £1.40 each, lifting his stake to 300,000 shares – a 0.25 per cent holding.

Last month, Wolfson offset first-quarter losses with strong mobile handset, digital camera and gaming sales.

Cashmere firm Dawson International added 0.25p to 1.63p as it emerged that its pension liability had fallen to £4.7m, as of 29 December 2007, from £19.8m a year earlier.

Dairy heavyweight Robert Wiseman shed 18.25p, or 3.5 per cent, to 496.75p ahead of next week's annual numbers, while Irn-Bru maker AG Barr lost some fizz, down 15p at 1,185p.





The full article contains 220 words and appears in The Scotsman newspaper.
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  • Last Updated: 09 May 2008 10:01 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
 

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