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WINNERS & LOSERS SUMMARY: Fulham Shore Rises As It Eyes Expansion

Thu, 28th Mar 2019 10:50

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Imperial Brands, up 2.5%, British American Tobacco, up 2.2%. The tobacco stocks were upgraded to Buy from Neutral by Citigroup. Imperial Brands on Wednesday said annual revenue and profit would be restricted by substantial investment into vaping, but gave an optimistic view on its earnings guidance. ----------FTSE 100 - LOSERS----------Schroders, down 2.3%, Prudential, down 1.9%, British Land, down 0.6%. The stocks went ex-dividend meaning new buyers no longer qualify for the latest dividend payout. ----------WM Morrison Supermarkets, down 0.7%. Bernstein cut the supermarket chain to market perform from Outperform. ----------FTSE 250 - LOSERS----------888 Holdings, down 5.0%. The gambling stock went ex-dividend.----------Sabre Insurance Group, down 3.5%. The motor insurer's shares were down despite reporting a rise in annual profit and proposed a special dividend payment on improved capital. The company also said that will continue to focus on prioritizing underwriting profitability over premium growth. For 2018, the car insurance company reported an 11% increase in pretax profit to GBP61.4 million from GBP55.5 million the year before. However, adjusted pretax profit fell to GBP61.9 million from GBP63.9 million in 2017, reflecting investment costs and exceptional charges. Sabre's total income increased by 1.6% in 2018 to GBP194.9 million from GBP191.8 million in 2017. The company's gross written premiums were flat in 2018 at GBP210.0 million, with net earned premiums rising slightly to GBP188.2 million.----------Metro Bank, down 1.7%. Barclays started coverage on the challenger bank with an Underweight rating. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Fulham Shore, up 12%. The Real Greek and Franco Manca restaurant chains operator said it expects both revenue and earnings ahead of the previous year, due to increased customer numbers in existing and new restaurants. For the financial year ending on Sunday, the group said both Franco Manca and The Real Greek have each quarter "steadily increased their turnover" compared to a year before, leading to a "particularly strong trading performance" towards the end of the year. For the year ended March 2018, Fulham Shore posted revenue of GBP54.7 million and adjusted earnings before interest, taxes, depreciation and amortisation of GBP5.6 million. The company will end the year with 61 restaurants, of which 45 are Franco Manca and 16 The Real Greek. However, it is planning to ramp-up openings for both Franco Manca and The Real Greek. Over the coming year, the company plans to establish a dividend policy which will reflect the board's continued confidence in the company's outlook.----------7digital, up 10%. The digital music and radio platform said it signed deals with both Access Co and Dubset Media. 7digital's "significant partnership" with Access will see 7digital pre-integrate its internet radio services and programming interface into Access's recently launched "Access Twine for Car" platform. The platform is a multimedia content service for car manufacturers that allows passengers to access the latest entertainment, bringing a wider range of audio services to drivers, and enabling internet radio to integrate with existing broadcast services. The financial terms for this partnership were undisclosed.----------OTHER MAIN MARKET AND AIM - LOSERS----------Debenhams, down 19%. The troubled department store chain said that a majority of its noteholders agreed to the amendments proposed last week, allowing the company to proceed with a proposed GBP200 million fundraise. Debenhams said that the requisite consent level was achieved hours before the solicitations process was due to close. The conclusion of the solicitation process suggests a potential end to sportswear retailer Sports Direct International's plans to acquire Debenhams. Sports Direct, which holds a 29% stake in Debenhams, on Wednesday priced a potential offer for the remaining shares of Debenhams it does not hold at 5p each, valuing the firm GBP61.4 million. The offer, however, was conditional on Debenhams terminating the noteholder consent solicitation process as well as appointing Sports Direct boss Mike Ashley to its own board in the role of chief executive officer.----------

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday not separately reported by Alliance News:

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1 Mar 2023 21:15

TRADING UPDATES: Galantas to raise GBP1.2 million in private placement

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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8 Feb 2023 16:56

7digital backs GBP19 million buyout by music licensing firm Songtradr

(Alliance News) - 7digital Group PLC on Wednesday agreed to a GBP19.4 million takeover from music licensing company Songtradr Inc.

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14 Dec 2022 15:59

UK shareholder meetings calendar - next 7 days

Thursday 15 December 
Aeorema Communications PLCAGM
Argos Resources LtdAGM
Baillie Gifford Japan Trust PLCAGM
Capricorn Energy PLCGM re proposed share premium account cancellation
Chelverton Growth Trust PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DX Group PLCAGM
DXS International PLCAGM
Glenveagh Properties PLCEGM
Secured Income Fund PLCGM re proposed reduction of capital
Schroder Income Growth Fund PLCAGM
Friday 16 December 
Bellway PLCAGM
Inchcape PLCGM re Derco acquisition
JPMorgan Global Growth & Income PLCGM re proposed combination with JPMorgan Elect PLC
National Australia Bank LtdAGM
Sareum Holdings PLCAGM
Thor Explorations LtdAGM
UP Global Sourcing Holdings PLCAGM
Monday 19 December 
Abingdon Health PLCAGM
Brand Architekts Group PLCAGM
China Nonferrous Gold LtdAGM
DeepMatter Group PLCGM re ordinary shares cancellation
Mila Resources PLCAGM
Purplebricks Group PLCGM re chairman replaced by Harry Hill
Renalytix PLCAGM
RTW Venture Fund LtdEGM
Star Phoenix Group LtdGM re resolution to approve change of auditor
Technology Minerals PLCAGM
Visum Technologies PLCAGM
Tuesday 20 December 
AVI Global Trust PLCAGM
dotdigital Group PLCAGM
eEnergy Group PLCAGM
Nanoco Group PLCAGM
Pharma C Investments PLCAGM
SourceBio International PLCGM re proposed cancellation and re-registration as a private Ltd
Wednesday 21 December 
7digital Group PLCAGM
BATM Advanced Communnications LtdAGM
dotdigital Group PLCAGM
Northamber PLCAGM
Parkmead Group PLCAGM
Windar Photonics PLCAGM
  
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6 Dec 2022 21:50

TRADING UPDATES: 7digital loan pact; Okyo Pharma files with SEC

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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19 Oct 2022 12:16

IN BRIEF: 7digital surges on three-year contract with Pinterest

7digital Group PLC - London-based music licensing provider - Wins new, three-year contract with visual inspiration platform, Pinterest Inc. Says that the contract is designed to support growth in content and territories as the platform expands into new markets as needed. The contract will enable Pinterest's music library to include licensed commercial tracks, delivered by 7digital's music-as-a-service platform, to sit alongside their royalty free music.

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19 Oct 2022 12:15

LONDON MARKET MIDDAY: FTSE underwhelms as CPI puts spotlight on BoE

(Alliance News) - London's FTSE 100 was struggling for direction on Wednesday at midday, underperforming European peers, while pressure on the Bank of England intensified after UK inflation hit double figures again.

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19 Oct 2022 11:37

7digital secures new contract with Pinterest

(Sharecast News) - AIM-listed 7digital said on Wednesday that it has secured a new contract with image sharing and social media website Pinterest.

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28 Sep 2022 11:04

AIM WINNERS & LOSERS: Glantus cautions; Vela hit by tech downturn

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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28 Sep 2022 10:12

7digital shares jump as interim loss narrows; closer to break-even

7digital Group PLC on Wednesday came closer to breaking even in its half-year as expenses narrowed and revenue rose.

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23 Sep 2022 09:18

7digital shares down as Chair Tamir Koch steps down after 3 years

(Alliance News) - 7digital Group PLC shares dropped on Friday as it said that Chair Tamir Koch will step down from his role with immediate effect, to focus more time on the development of eMusic.com Inc blockchain.

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25 Jul 2022 12:14

LONDON MARKET MIDDAY: Stocks shrug off recession warning in Germany

(Alliance News) - European equities were higher at midday on Monday, bouncing back from a lower start, as investors took a warning from a business poll that showed Germany is on "brink of recession" in their stride.

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25 Jul 2022 11:24

AIM WINNERS & LOSERS: 7digital wins contract; Hurricane Energy repays

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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25 Jul 2022 10:32

7digital shares surge on long-term contract with Utopia Music

(Alliance News) - 7digital Group PLC on Monday announced it has signed a long-term contract with music fintech company Utopia Music AG.

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25 Jul 2022 10:03

7digital inks long-term contract with B2B music fintech

(Sharecast News) - Digital music solutions group 7digital said on Monday that it has inked a long-term contract with business-to-business music fintech company Utopia Music.

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