The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAdams Share News (ADA)

Share Price Information for Adams (ADA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 6.50
Bid: 5.00
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 3.00 (60.00%)
Open: 6.50
High: 6.50
Low: 6.50
Prev. Close: 6.50
ADA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WINNERS & LOSERS SUMMARY: UDG Healthcare Surges After McKesson Deal

Fri, 18th Sep 2015 09:17

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.

----------

FTSE 100 - WINNERS

----------

Randgold Resources, up 3.9%, Fresnillo, up 3.7%. The miners benefited from a spike in the gold price following the decision by the US Federal Reserve to keep interest rates on hold.

----------

FTSE 250 - WINNERS

----------

UDG Healthcare, up 6.5%. The healthcare services company said it has entered into a conditional agreement to sell its United Drug Supply Chain Services and its MASTA unit for EUR407.5 million to McKesson Corp, the US drug distribution company. UDG said it will sell the businesses to McKesson in cash and said the sale is in line with its plan to focus on higher growth, higher margin international healthcare services businesses. The net proceeds from the sale will be used to develop and strengthen its Ashfield Commercial and Medical Services division, its Aquilant laboratory distribution arm and its Sharp Packaging Services unit.

Poundland Group, up 2.9%. The UK Competition and Markets Authority said it has cleared Poundland's acquisition of 99p Stores. The antitrust regulator said it has concluded that the merger will not result in a substantial lessening of competition and consequently customers would not face a reduction in choice, value or quality of a service as a result.

----------

FTSE 250 - LOSERS

----------

Kaz Minerals, down 3.9%. Exane BNP Paribas has cut its rating on the Kazakhstan-focused miner to Underperform from Neutral and cut its target price on the shares to 120 pence from 210 pence.

Rotork, down 2.0%. The actuators and flow control products manufacturer had its price target cut by Goldman Sachs, UBS, Citigroup and Liberum and was cut to Reduce from Neutral by Nomura, which also cut its target price. On Thursday, shares in Rotork plummeted after it said tough trading conditions in the third quarter had resulted in project delays and cancellations which meant its profit for the full year will miss expectations.

----------

MAIN MARKET AND AIM - WINNERS

----------

Private & Commercial Finance Group, up 15%. The financing provider said it is trading ahead of expectations in its current financial year. Scott Maybury, its chief executive, said in a statement to be given at its annual general meeting that the company has continued to outperform its targets on portfolio growth, quality and profitability. The group said it is trading ahead of its expectations for the six months to the end of September. Maybury also said the group is still intending to start paying a dividend and shareholders at the AGM will vote on proposals which will allow this to happen.

Applied Graphene Materials, up 14%. The graphene materials producer said that its overall trading performance in its full financial year was slightly ahead of company expectations. The graphene materials producer said that during the year ended July 31, it significantly broadened the pipeline of identified collaboration opportunities, and provided over 120 evaluation samples to customers in more than 20 countries, with more evaluation quantities provided in the final quarter than in the previous nine months combined.

Adams, up 16%. The investing company said it has placed 18.2 million shares at 4.4 pence each to raise GBP800,000 for the company. The company said that the proceeds of the placing will be used to make investments and for general working capital purposes.

----------

MAIN MARKET AND AIM - LOSERS

----------

Ferrexpo, down 31%. The iron ore pellets producer said its transactional bank in Ukraine has been declared insolvent. Ferrexpo said Bank F&C had been declared insolvent by its largest shareholder, Kostyantin Zhevago. The company said it will update the market where necessary on the situation at the bank but said its operations have not been affected so far. It currently has around USD174.0 million of its total USD280.0 million cash balance held at Bank F&C.

Metals Exploration, down 15%. The company outlined a series of funding plans, including a placing, an open offer and a debt securities issue. The company said it has secured commitments to raise USD5.0 million via the placing of 108.0 million shares at 3.0 pence per share. Metal Exploration also said it plans to offer up a further 100.0 million shares, to be issued at 3.0 pence per share each, via an open offer through which it intends to raise EUR5.0 million. In addition, the company said it is in final discussions with shareholders to raise another USD5.0 million by issuing debt securities, which will be used for working capital and contingency purposes.

HC Slingsby, down 11%. The industrial and commercial equipment distributor posted a slightly wider pretax loss for the first half of 2015 on Friday due to it booking higher one-off costs related to the acquisition of ESE Direct in Norwich and said it would scrap its dividend amid tough trading conditions. Slingsby's pretax loss was GBP408,000 for the six months to the end of June, compared to GBP381,000 a year earlier, while revenue was up to GBP7.7 million from GBP6.4 million.

----------

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
3 Jan 2020 14:41

Adams increases stake in Circassia

(Sharecast News) - Adams announced on Friday that, on 2 January, it purchased an additional 2,400,000 ordinary shares in Circassia on the AIM market, at an average price of 19p per share, for a total cash consideration of £0.46m.

Read more
3 Jan 2020 09:50

Adams Increases Stake In Circassia Pharmaceuticals

Adams Increases Stake In Circassia Pharmaceuticals

Read more
17 Dec 2019 14:33

Adams Sells Entire Stake In Petrofac For GBP1.1 Million

Adams Sells Entire Stake In Petrofac For GBP1.1 Million

Read more
28 Nov 2019 11:04

Adams Swings To Interim Loss Amid Lower Returns In Challenging Times

Adams Swings To Interim Loss Amid Lower Returns In Challenging Times

Read more
2 Aug 2019 16:03

UK Shareholder Meetings Calendar - Next 7 Days

Monday 5 AugustPremier African MineralsTuesday 6 AugustTelford Homes (re takeover by 7

Read more
3 Jul 2019 10:20

Adams Sees Strong Annual Rise In Net Assets, Confident In Portfolio

(Alliance News) - Adams PLC on Wednesday saw strong growth in net asset value in financial 2019 and maintained its confidence in its investment portfolio despite "ongoing trade tensions"

Read more
29 Jan 2019 14:33

Adams Secures GBP3 Million Loan From Shareholder Blake Holdings

LONDON (Alliance News) - Adams PLC on Tuesday said it secured a GBP3.0 million loan from its largest shareholder, Blake Holdings Ltd.The loan facility may be drawn down by the company in of

Read more
27 Nov 2018 12:09

Adams Outlook Cautious Despite Rise In Net Asset Value In First Half

LONDON (Alliance News) - Adams PLC on Tuesday said profit grew in the first half of its current financial year, but the company said it remains cautious when considering investment options due to

Read more
29 Nov 2016 11:33

Adams To Maintain "Highly Selective" Approach Amid Uncertainty

Read more
22 Jun 2016 16:37

Adams expands investments but widens loss

(ShareCast News) - Technology and life sciences investing company Adams released its final results for the year to 31 March on Wednesday, revealing net assets at year-end of €1.1m, up from €0.25m a year earlier. The AIM-traded firm's loss after tax widened during the year, to €0.23m from €0.03m,

Read more
22 Jun 2016 07:44

Adams Loss Widens As Tough Markets Hit Carrying Value Of Investments

Read more
29 Feb 2016 15:43

Adams Increases Stake In GVC By Buying 63,000 Shares (ALLISS)

Read more
27 Nov 2015 10:33

WINNERS & LOSERS SUMMARY: LMS Capital Gains As It Plans Stock Buyback

Read more
27 Nov 2015 09:58

CORRECT: Adams Taking Selective Investment Approach Amid Uncertainty

Read more
27 Nov 2015 09:29

Adams Taking Selective Investment Approach Amid Global Uncertainty

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.