Updates from Scottish Power and GKN

The FTSE 100 climbed 31 points yesterday, finishing at 6,654. Amec was the biggest riser, up +3.99% to 1148p with G4S up +3.51% to 250.50p. RBS suffered the biggest hit, down -5.26% to 353.10p.

Overnight, the Nikkei 225 is up +0.13% at 14,713 though the Hang Seng is down -0.37% at 23,350.

We start with news that Scottish Power is to hand back £8.5m to its customers following Ofgem's investigation into telephone and doorstep sales miss-selling. Scottish Power says it will pay out £7.5m to customers through its Warm Home Discount scheme, plus another £1m.

"We accept Ofgem's findings and we apologize unreservedly to those customers affected," said Neil Clitheroe, ScottishPower's CEO of Energy Retail and Generation. "This arose as a result of new regulations which were introduced in 2009. I am sorry to say that we didn't implement these properly at that time."

ScottishPower will write to 336,000 households who may have been affected between October 2009 and January 2012. Two other energy operators, Eon - it recently scrapped its StayWarm tariff aimed at the over 60s - and RWE npower, have also been investigated by Ofgem.

Next, GKN. The engineering player says market conditions and the Group's performance in the third quarter are consistent with expectations: sales totalled £1,865 million, a 16% increase over the comparable period in 2012, including 6% organic growth.

Third quarter trading profit is upped to £152 million (2012: £113 million). Trading margin increases to 8.2% (2012: 7.0%), as a result of improved profitability in the underlying business and a £21 million contribution from GKN Aerospace Engine Systems.

"The third quarter showed good progress," said Nigel Stein, chief exec, "supported by automotive demand in China and North America and sustained high output levels in commercial aerospace. GKN Aerospace Engine Systems made a strong contribution to the Group's 34% growth in profit before tax."

Lastly, new quarterly numbers from Durex and Harpic maker, Reckitt Benckiser. There's a 5% bump in third-quarter total net revenue of £2.548 bn with like-for-like net revenue growth up +3% at constant exchange rates.

Like-for-like net revenue growth for the quarter climbs +5%, at constant exchange rates says the company. However Reckitt has been the object of several broker Sell recommendations recently, including one from Investec.

"Our recent acquisitions," says the company, "are performing strongly, ahead of in-going assumptions and consequently, we now believe that our full year net revenue growth (ex RBP) including the net impact of M&A will be at least 6%."