Updates from Experian and Centrica

Updated: 
The FTSE 100 climbed almost 40 points yesterday to 6,543. Fresnillo saw a significant +12.67% climb to 1018p while Serco Group sank -7.94% to 626.50p. G4S also fell hard, down -5.59p to 2123p.

The Dow Jones finished 1.11% higher at 15,460 while, overnight, the Nikkei 225 is up +0.11% at 14,488.

We start with an interim for the first quarter from information services operator Experian. Total revenue growth was 7%, at constant exchange rates, and organic revenue growth was also 7% Experian claims. Total organic revenue growth in North America was 6%.

At constant exchange rates, total and organic revenue growth in Latin America was 10%. At constant exchange rates, total and organic revenue growth in UK and Ireland was 7%. Credit Services delivered organic revenue growth of 3%, reflecting some improvement in transactional volumes across the financial services sector.

During the quarter, Experian signed new bank facilities totalling $875m with maturities of between two and three years. "Other than as disclosed, there has been no change since 31 March 2013 to Experian's general financial position, which remains strong."

Next, Centrica says its North American subsidiary, Direct Energy, is snapping up privately-owned Texas-based electricity retailer Bounce Energy for $46 million (£30 million) in cash, plus additional working capital.

Centrica says Bounce has more than 80,000 residential customers, predominantly in Texas, and has developed a internet-based platform for marketing products to customers.

"It will provide," says Badar Khan, President and CEO of Direct Energy, "our customers with more innovative and efficient energy options and also gives Direct Energy a leading online platform as we look to grow our North American customer base."

Finally, an interim from Oxford Instruments for the period 1 April to date. In the third month of the quarter, orders, sales and profits were much improved compared to each of the first two months and were also ahead of the same period in 2012/13, claims the company.

Average monthly order intake in the quarter was above the monthly average for the last financial year in Asia by 18% but below in North America by 20% and in Europe by 1%.

"The Board anticipates," says Oxford, "that Oxford Instruments will continue to make progress in line with its expectations for the remainder of the financial year and remains focused on achieving its 14 Cubed objectives."