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WINNERS & LOSERS SUMMARY: easyJet Climbs On First-Quarter Revenue Rise

Tue, 22nd Jan 2019 10:27

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------easyJet, up 4.5%. The low-cost airline reaffirmed guidance for its full-year performance to be in line with market expectations, after reporting a 14% surge in first-quarter revenue. Passenger numbers were, however, held back slightly by the drone disturbances which shut London Gatwick airport for several days in December. For the three months to December 31, the budget airline's total revenue increased 14% to GBP1.30 billion from GBP1.14 billion a year prior. Passenger revenue was up 12% to GBP1.03 billion from GBP914.0 million, while ancilliary revenue increased 20% to 271.0 million from 226.0 million. The Gatwick disturbances, affecting 82,000 customers, cost easyJet GBP10 million, as 400 easyJet flights were cancelled while authorities searched for the drone owner between December 19 and 21.----------FTSE 100 - LOSERS----------BHP Group, down 1.8%. The miner reported a number of operational difficulties during its first half, though it has upgraded copper production guidance nonetheless. For the six months to December, BHP's copper output fell 1% year-on-year to 825,000 tonnes. For the second quarter, production was down 3% year-on-year but up 2% quarter-on-quarter to 416,000 tonnes. Copper output guidance for the year ending June has been increased to between 1.65 million tonnes and 1.74 million tonnes, from 1.62 million tonnes and 1.71 million tonnes before. BHP's interim iron ore production rose 2% to 119 million tonnes. Metallurgical coal production rose 2% to 21 million tonnes but energy coal fell 5% to 13 million tonnes. ----------St James's Place, down 1.4%. Credit Suisse cut its rating on the wealth manager to Neutral from Outperform.----------FTSE 250 - WINNERS----------Coats Group, up 3.4%. The thread manufacturer has sold its non-core North America Crafts business to Spinrite Acquisition for USD37.0 million. Coats Group will use the sale proceeds to reduce its net debt. The sale to the US yarn and other craft products company is subject to customary closing conditions and is expected to complete in he following weeks, Coats added. Group Chief Executive Officer Rajiv Sharma said: 'The sale of our standalone North America Crafts business allows us to focus completely on our high performing business-to-business global Apparel and Footwear, and Performance Materials businesses."----------Dixons Carphone, up 2.4%. The electronics retailer reported a good peak trading performance during the recent festive season, which it said came in line with the company's views. For the 10 weeks ended January 5, the electronics retailer posted group like-for-like revenue up 1%. Reported revenue overall was flat on the previous year. In UK & Ireland electricals, revenue was up 2% on the comparative period a year ago, both on a reported and like-for-like basis. The increase was driven by a standout performance in TV, Dixons explained, despite a challenging backdrop and a declining market. The company's UK & Ireland mobile division saw revenue drop 12% on a reported basis and 7% on a like-for-like basis. Dixons reiterated its annual pretax profit guidance of GBP300 million, which will be 21% lower than the GBP382 million reported for the year ended April 2018.----------FTSE 250 - LOSERS----------IG Group Holdings, down 6.4%. The online trading platform saw a drop in interim profit and revenue, leading to expectations of lower revenue for the full-year. For the six months to the end of November 30, pretax profit fell 17% to GBP113.0 million from GBP136 million a year before, on net trading revenue that declined 6.0% from GBP251.0 million from GBP268.4 million. During the period, the European Securities & Markets Authority regulatory measures came into effect, with the prohibition of offering binary options to retail clients, and restrictions on providing contracts-for difference to retail clients. As a result of the regulatory changes, revenue for the year ending July 31 is expected to be lower than the GBP590.2 million reported the prior year. Operating costs for the year are expected to remain at a similar level to the GBP290 million reported the year before.----------Aggreko, down 4.0%. Peel Hunt cut the temporary power unit firm to Reduce from Hold.----------OTHER MAIN MARKET AND AIM - WINNERS----------Pets at Home Group, up 8.5%. The firm, which sells products for pets and provides veterinary services, guided for its annual performance to be in line with the prior year, after reporting revenue increased during its third quarter. For the 12-week period to January 3, the retailer said group revenue rose 6.3% to GBP237.2 million from GBP223.3 million in the comparative period a year ago. The increase was 5.1% on a like-for-like basis. Retail revenue increased 5.5% to GBP213.4 million from GBP202.3 million. On a like-for-like basis it was up 4.7%. The company's Vet Group revenue was up 14% year-on-year to GBP23.8 million from GBP21.0 million. On a like-for-like basis, it increased 9.1%. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Zoo Digital, down 46%. The entertainment industry digital distributor said its annual revenue is expected to be about 10% lower than expectations. Zoo Digital - which provides cloud software based subtitling, dubbing and media localisation services - expects revenue in the second half of its financial year to be comparable to the first half. In the first half of its current year, Zoo Digital reported revenue of USD14.9 million, suggesting just under USD30 million for the full year. For the year ended March last year, the company's revenue was USD28.6 million. The company said its trading in the second half began "encouragingly" but its performance was affected by the loss of a single, material localisation project in the period. On top of the that project loss, Zoo Digital said revenue from processing legacy DVD and blu-ray titles in the second half was "significantly" lower than expected due to "overall market decline".----------

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6 Mar 2019 08:35

Aggreko Holds 2018 Payout As Profit, Revenue Rise Ahead Of Guidance

LONDON (Alliance News) - Temporary power unit renter Aggreko PLC held its 2018 dividend steady on Wednesday after the positive momentum reported at the half year continued.In 2018, pretax a

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27 Feb 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 28 February British American TobaccoFull Year ResultsCRHFull Year Year Insurance

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13 Feb 2019 10:37

Serco Boss Rupert Soames Joins Board Of DS Smith As Non-Exec Director

LONDON (Alliance News) - Packaging firm DS Smith PLC on Wednesday announced the appointment of Serco Group PLC Chief Executive Rupert Soames as non-executive director.Soames has previously

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7 Feb 2019 14:52

Liontrust Investment Partners Acquires 5.2% Interest In Aggreko (ALLISS)

LONDON (Alliance News) - Aggreko PLC on Thursday said Liontrust Investment Partners LLP has picked up a 5.2% stake in the temporary power unit renter in a deal on Tuesday.Shares in Aggreko

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22 Jan 2019 13:35

Aggreko runs out of power after Peel Hunt downgrade

(Sharecast News) - Aggreko ran out of power on Tuesday after Peel Hunt downgraded its stance on the stock to 'reduce' from 'hold' and cut the price target to 700p from 800p as it argued that challenges remain "significant".

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22 Jan 2019 09:02

LONDON MARKET OPEN: Stocks Lower After IMF Warning; BHP Drags Miners

LONDON (Alliance News) - Stock in London were lower in early trade Tuesday following a downbeat global economic outlook by the IMF on Monday, highlighting US-China trade tensions and the risk of a

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14 Dec 2018 07:24

Aggreko secures Tokyo Olympics contract

(Sharecast News) - Aggreko said on Friday that its subsidiary, Aggreko Events Services Japan Limited (AESJL), has been awarded the supply contract for temporary electricity generation by The Tokyo Organising Committee for the Olympic and Paralympic Games.

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6 Nov 2018 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

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16 Oct 2018 10:50

WINNERS & LOSERS SUMMARY: Meggitt Up 5% After Raising Revenue Forecast

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - down 2.8%. The supermarket chain was lower the

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9 Oct 2018 12:18

Ashtead Group Appoints Serco CFO As Non-Executive Director

LONDON (Alliance News) - Industrial equipment rental firm Ashtead Group PLC said Tuesday it appointed Angus Cockburn as a non-executive director with immediate effect.Cockburn serves as of

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13 Sep 2018 13:19

Thursday broker round-up

(Sharecast News) - Grainger: Numis upgrades to buy with a target price of 369p.

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21 Aug 2018 16:56

LONDON MARKET CLOSE: Pound, BHP Keep FTSE From Joining European Peers

LONDON (Alliance News) - The FTSE 100 on Tuesday lagged its European counterparts, the foreign earner-heavy index weighed down by a weaker dollar as well as losses for miner BHP on the of its

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21 Aug 2018 13:18

Tuesday broker round-up

(Sharecast News) - Aggreko: HSBC upgrades to buy with a target price of 1,050p.

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21 Aug 2018 12:06

HSBC says Aggreko woes are cyclical as it upgrades to 'buy'

(Sharecast News) - Most of Aggreko's problems are cyclical rather than strategic, HSBC said as it upgraded the generator hire company to 'buy'.

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