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Tuesday 17 May 2016 by FIIG Research Company updates

Company updates – Axsess Today, Broadspectrum and Mackay Sugar

Axsess provided an update of its loan portfolio, we view Ferrovial’s takeover of Broadspectrum as credit positive, and Mackay Sugar cuts jobs in response to low prices and small crops

Axsess Today

Axsess Today group has provided an update of its loan portfolio and financial performance to March 2016. The company is performing as expected, doubling revenue and growing the loan book by 44% since issue.

More information is available here External link - opens in a new window .

Broadspectrum

Ferrovial’s announced that it had achieved acceptances for its takeover offer, which will allow it to compulsorily acquire all shares in Broadspectrum.

More information is available here External link - opens in a new window .

Mackay Sugar

Low sugar prices and small crops have impacted Mackay Sugar as the company has now confirmed it will be reducing staff numbers as part of an efficiency initiative.

More information is available here External link - opens in a new window .

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Mackay Sugar Ltd
Axsesstoday Group
Broadspectrum Limited

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