News Column

Monthly Airline Statistics, Interim Management Statements, AGM Resolutions, Joint Ventures, and Survey Results - Analyst Notes on IAG, Rentokil Initial, Restaurant Group, WGPSN and BT

June 18, 2014



LONDON, June 19, 2014 /PRNewswire/ --


Editor Note: For more information about this release, please scroll to bottom.

Today, Earnings Review released its analysts' notes regarding International Airlines Group (LON: IAG), Rentokil Initial Plc (LON: RTO), Restaurant Group Plc (LON: RTN), Wood Group PSN (LON: WG) and BT Group Plc (LON: BT.A). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3896-100free.

-- International Airlines Group Analyst Notes On June 4, 2014, International Airlines Group (IAG) published Group traffic and capacity statistics for the month of May 2014. IAG stated that Group traffic measured in Revenue Passenger Kilometers increased by 7.3% YoY and Group capacity measured in available seat kilometers rose by 8.0% YoY in May 2014. The Group's premium traffic for the month of May increased by 9.7% YoY. During May 2014, the Group announced five new routes from Gatwick to Cagliari in Sardinia, Crete and Rhodes in Greece and Bodrum and Dalaman in Turkey; services on these routes to start in April 2015. In addition to this, IAG's Barcelona-based subsidiary Vueling started operations from its new base in Brussels and has also begun its services between Rome and Catania. The full analyst notes on IAG are available to download free of charge at:

http://earnings-review.com/3896-IAG-19Jun2014.pdf

-- Rentokil Initial Plc Analyst Notes On May 2, 2014, Rentokil Initial Plc (Rentokil) released its interim management statement for Q1 2014. Rentokil said its revenues during the quarter declined to GBP412.3 million from GBP644.8 million in Q1 2013, weighed down by lower revenues in the Protect & Enhance quadrant and, as expected, Benelux in particular. Acquisitions contributed 1% to its revenues during the quarter. Rentokil acquired 10 businesses in Q1 2014 to expand its global footprint in pest control. Rentokil's profit before tax in Q1 2014 increased to GBP19.3 million from GBP10.6 million in Q1 2013, helped by sharp decline in restructuring and one-off costs for continuing operations to GBP2.1 million from GBP5.1 million a year earlier. The full analyst notes on Rentokil Initial are available to download free of charge at:

http://earnings-review.com/3896-RTO-19Jun2014.pdf

-- Restaurant Group Plc Analyst Notes On May 15, 2014, Restaurant Group Plc (Restaurant Group) announced that all the resolutions put forward to the Annual General Meeting, which was held on that day, were duly passed. The Company informed that AGM included resolutions to adopt the accounts for the year ended 29 December 2013, to approve the Directors' Remuneration Report and Policy, to re-appoint the Auditor and to authorize the Directors to determine their remuneration, to authorize the Company to purchase its own shares, among other things. During the meeting, Alan Jackson, Andrew Page, Stephen Critoph, Tony Hughes, Simon Cloke, Sally Cowdry were re-elected as Directors of the Company. According to the Company, dividend of 8.75 pence per share for the year ended December 29, 2013 was approved in the meeting. The full analyst notes on Restaurant Group are available to download free of charge at:

http://earnings-review.com/3896-RTN-19Jun2014.pdf

-- Wood Group PSN Analyst Notes On June 12, 2014, Wood Group PSN (WGPSN) announced that it has entered into a non-binding Memorandum of Understanding (MoU) with ABT Oil and Gas Ltd (ABTOG) to create a 50/50 jointly controlled entity. According to the Company, the new entity will deliver services dedicated to the development of projects for stranded and marginal hydrocarbon fields, initially in the North Sea with the help of ABTOG's intellectual property for buoyant technology and the engineering, project management and delivery execution expertise of WGPSN. As per WGPSN, the new entity will not participate in field ownership. Dave Stewart, Managing Director, WGPSN UK, said, "This is an exciting new development for Wood Group PSN, aimed at maximising recovery of marginal field reserves in the UKCS, reducing running costs for operators and making previously sub-economic fields financially viable." The full analyst notes on WGPSN are available to download free of charge at:

http://earnings-review.com/3896-WG-19Jun2014.pdf

-- BT Group Plc Analyst Notes On June 17, 2014, BT Group Plc (BT) disclosed the results of a survey performed by BT and Avaya. As per the study, people in Spain want their banks, savings banks and insurers to retain a human touch despite a significant surge in digital channels that people use to interact with their service provider. The survey found that the number of different channels people use to contact their financial service provider has grown 50% in last two years, thanks to various mobile apps, web chat, in-branch technology and video calls. However, people still want the human touch traditionally delivered by their bank branch, according to the survey. Jacinto Cavestany, Vice President Iberia and Head - Sales, Europe, BT Global Services, said, "The research shows that people have a huge appetite for new technologies that make companies easy to do business with but still want the human touch of traditional service." The full analyst notes on BT are available to download free of charge at:

http://earnings-review.com/3896-BT.A-19Jun2014.pdf

=============== EDITOR'S NOTES: ===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

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