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UK WINNERS & LOSERS SUMMARY: DFS Sitting Pretty Amid Lockdown Boom

Tue, 25th Aug 2020 10:44

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

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FTSE 100 - WINNERS

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Aveva Group, up 3.5%. The industrial software firm said it has agreed to acquire SoftBank-backed US software company OSIsoft, in a USD5 billion deal. Aveva said the acquisition will be funded using a combination of a rights issue, cash on balance sheet and new debt facilities, as well as issue shares to one of the selling shareholders. Aveva said it expects the acquisition to strengthen its position as a global leader in industrial software, with combined revenue of around GBP1.2 billion and adjusted earnings before interest, tax of around GBP330 million for the enlarged group. Separately, Aveva said that despite Covid-19 related disruption, demand for its products in the first four months of financial 2021 has been "robust" with particularly good demand for cloud solutions.

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AstraZeneca, up 0.8%. The Anglo-Swedish drugmaker said the first patients have now been dosed in its phase one trial of Covid-19 treatment, AZD7442. AZD7442 is a combination of two monoclonal antibodies and is being developed for the development and treatment of Covid-19. These antibodies are derived from convalescent patients infected with SARS-CoV-2 and were discovered by Vanderbilt University Medical Center and licensed to AstraZeneca in June. Astra then optimised the antibodies, extending their half-life so as to "afford at least six months of protection from Covid-19". If AZD7442 proves to be tolerated and has a "favourable safety profile" in the NCT04507256 trial then Astra will move to larger late-stage phase 2 and phase 3 trials. These later trials will evaluate AZD7442's efficacy as a possible preventative and treatment approach against the virus.

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FTSE 250 - WINNERS

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Apax Global Alpha, up 3.0%. The investment company said its net asset value per share fell in the first half of the year as a result of Covid-19 disruption in the first quarter. Apax Global Alpha reported a decline in NAV per share to EUR2.16 as at June 30 from EUR2.24 at the end of 2019. The NAV total return for the half year was negative 0.5%, recovering from a first-quarter negative return of 12% on market weakness. The company declared an interim dividend of 4.87p per share, up 3.8% from 4.69p per share the year before.

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FTSE 250 - LOSERS

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James Fisher & Sons, down 6.2%. The marine services company said its performance deteriorated in the first half of 2020 amid lower energy prices and coronavirus pandemic. James Fisher said pretax profit dropped by 59% to GBP7.1 million in the six months to the end of June from GBP20.9 million reported a year earlier, as revenue fell by 10% to GBP258.1 million from GBP286.9 million. The company said the combination of Covid-19 and the sharp decline in energy prices resulted in projects in its subsea operations in both Renewables and Oil & Gas being deferred into the second half of 2020 and beyond. In response to these challenges, James Fisher said it has taken actions, which are ongoing, to restructure its Marine Support division. The company has declared an interim dividend of 8.0 pence per share, reduced by 30% from 11.3p paid a year earlier.

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OTHER MAIN MARKET AND AIM - WINNERS

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PetroNeft Resources, up 28%. The oil and gas company said production at licence 61 in Tomsk Oblast, Russia is up as a result of an optimised water flood programme and putting the Sibkrayevskoye field on year-round production. Licence 61 production in July was up 7.8% at 1,589 barrels of oil per day and is currently averaging 17% above levels in July 2019. Production at the Lineynoye field was up 20% year-on-year in July due to optimisation of the water flood programme at the field. This followed a data gathering programme across its field, improving understanding and allowing for improvements in the Pad 1 water flood programme at Lineynoye during the first quarter of 2020.

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Next Fifteen Communications, up 16%. The digital communication firm said trading in the first half of its financial year was ahead of expectations, and it expects a material outperformance in its full year. Next Fifteen expects revenue for the six months ended July 31 to be up by around 6.5% year-on-year to at least GBP126 million, and adjusted pretax profit to be up by over 16% to at least GBP20 million. It added that this has resulted in an improved operating profit margin of above 16%, up from 15% a year prior. Next Fifteen credited the performance to its B2B technology-focused agencies, such as Activate and Agent3, as well as more resilient trading than previously expected in its brand marketing and creative technology divisions.

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DFS Furniture, up 15%. The sofa retailer said online and showroom trading has been strong in the past six weeks as customers spent more on home furnishing during lockdown, significantly beating the living room furniture retailer's initial expectations. The Doncaster-headquartered company reported year-on-year order intake growth for the past six weeks, equivalent to around GBP70 million of revenue. This puts trading "significantly ahead" of the company's initial expectations and sits alongside a solid opening order book that is expected to generate an additional in year revenue benefit of approximately GBP100 million. "Amid the lockdown, some people decided to spend more on their homes - we saw that with the likes of Kingfisher - and DFS were in a similar position. The company might have benefited from the health emergency recently, but it cautioned about significant uncertainty and the potential impact on consumer confidence," said CMC Markets analyst David Madden.

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Eurasia Mining, up 7.8%. The miner said it has been awarded a licence at the Monchetundra Flanks base metal and platinum group metals asset in Russia. Eurasia explained it was given final approval by regional body SevZapNedra. It follows consent by the Russian Ministry of Defence which was secured back in December. "The directors are encouraged with the approval of Monchetundra Flanks licence, an important milestone for the company. Further announcements will be made in due course," Executive Chair Christian Schaffalitzky said.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
28 Mar 2024 13:43

UK dividends calendar - next 7 days

Friday 29 March 
Energean PLCdividend payment date
Fiske PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Monday 1 April 
no events scheduled 
Tuesday 2 April 
Ashmore Group PLCdividend payment date
Braemar PLCdividend payment date
Fair Oaks Income Ltddividend payment date
Fonix Mobile PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
MJ Gleeson PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Shoe Zone PLCspecial dividend payment date
Temple Bar Investment Trust PLCdividend payment date
Tritax Big Box REIT PLCdividend payment date
Warehouse REIT PLCdividend payment date
Wheaton Precious Metals Corpex-dividend payment date
Wednesday 3 April 
Barclays PLCdividend payment date
Tetragon Financial Group Ltddividend payment date
Thursday 4 April 
Alpha Group International PLCex-dividend payment date
Apax Global Alpha Ltddividend payment date
BP Marsh & Partners PLCex-dividend payment date
Breedon Group PLCex-dividend payment date
Brunner Investment Trust PLCdividend payment date
Chelverton UK Dividend Trust PLCex-dividend payment date
CT UK High Income Trust  PLC - Class Bex-dividend payment date
Dalata Hotel Group PLCex-dividend payment date
Direct Line Insurance Group PLCex-dividend payment date
Domino's Pizza Group PLCex-dividend payment date
Empiric Student Property PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
European Smaller Cos Trust PLCex-dividend payment date
Finsbury Growth & Income Trust PLCex-dividend payment date
Games Workshop Group PLCex-dividend payment date
Grit Real Estate Income Group Ltdex-dividend payment date
Hammerson PLCex-dividend payment date
Henderson High Income Trust PLCex-dividend payment date
IMI PLCex-dividend payment date
InterContinental Hotels Group PLCex-dividend payment date
Invesco Asia Trust PLCex-dividend payment date
Kitwave Group PLCex-dividend payment date
Life Science REIT PLCex-dividend payment date
London Finance & Investment Group PLCdividend payment date
Martin Currie Global Portfolio Trust PLCex-dividend payment date
Mondi PLCex-dividend payment date
Nexus Infrastructure PLCex-dividend payment date
OSB Group PLCex-dividend payment date
Pebble Group PLCex-dividend payment date
PZ Cussons PLCdividend payment date
Real Estate Investors PLCex-dividend payment date
Rentokil Initial PLCex-dividend payment date
RIT Capital Partners PLCex-dividend payment date
Schroder Income Growth Fund PLCex-dividend payment date
Shires Income PLCex-dividend payment date
Smiths Group PLCex-dividend payment date
South32 Ltddividend payment date
US Solar Fund PLCex-dividend payment date
VinaCapital Vietnam Opportunity Fund Ltdex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved

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18 Mar 2024 10:16

Witan Investment to review investment arrangements as CEO to leave

(Alliance News) - Witan Investment Trust PLC on Monday reported a rise in net asset value for last year alongside the departure of its Chief Executive Officer Andrew Bell after 14 years at the helm.

Read more
7 Mar 2024 16:03

UK dividends calendar - next 7 days

Friday 8 March 
Aberforth Smaller Cos Trust PLCdividend payment date
Aberforth Split Level Income Trust PLCdividend payment date
Avon Protection PLCdividend payment date
Baronsmead Second Venture Trust PLCdividend payment date
Baronsmead Venture Trust PLCdividend payment date
Blackstone Loan Financing Ltddividend payment date
GCP Infrastructure Investments Ltddividend payment date
Majedie Investments PLCdividend payment date
Paragon Banking Group PLCdividend payment date
PRS REIT PLCdividend payment date
Renew Holdings PLCdividend payment date
Residential Secure Income PLCdividend payment date
S & U PLCdividend payment date
SSE PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Monday 11 March 
no events scheduled 
Tuesday 12 March 
Invesco Perpetual UK Smaller Cos Investment Trust PLCdividend payment date
Wednesday 13 March 
Tharisa PLCdividend payment date
Thursday 14 March 
abrdn PLCex-dividend payment date
abrdn UK Smaller Cos Growth Trust PLCex-dividend payment date
Alpha Real Trust Ltdex-dividend payment date
Anglo American PLCex-dividend payment date
Apax Global Alpha Ltdex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Brooks Macdonald Group PLCex-dividend payment date
CRH PLCex-dividend payment date
Dunelm Group PLCex-dividend payment date
Entain PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Fiske PLCex-dividend payment date
Galliford Try Holdings PLCex-dividend payment date
Haleon PLCex-dividend payment date
Heavitree Brewery A PLCex-dividend payment date
Heavitree Brewery PLCex-dividend payment date
JPMorgan Emerging Markets Invest Trust PLCex-dividend payment date
Lancashire Holdings Ltdex-dividend payment date
LPA Group PLCex-dividend payment date
Merchants Trust PLCdividend payment date
Murray Income Trust PLCdividend payment date
NatWest Groupex-dividend payment date
Real Estate Credit Investments Ltdex-dividend payment date
Treatt PLCdividend payment date
Tritax EuroBox PLC dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
5 Mar 2024 11:34

IN BRIEF: Apax Global Alpha net assets dip; lowers dividend

Apax Global Alpha Ltd - Guernsey-based private equity trust investing on the technology, services, healthcare and internet-consumer sectors - Says its net asset value per share at December 31 dips 0.4% to EUR2.64 from EUR2.65 the year before. NAV total return for 2023 is 4.1%, compared to negative 7.4% the year before. Proposes final dividend of 5.64 pence per share for 2023, down 3.1% from 5.82p a year ago. Chair Tim Breedon says: "With investment activity in Private Equity ramping up in the second half of the year, there is strong momentum across the portfolio, with Apax's focus on driving performance through operating value creation being well suited in current markets."

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5 Mar 2024 10:01

Apax Global Alpha net asset value stable at year-end

(Sharecast News) - Apax Global Alpha reported an adjusted net asset value of €1.29bn at year-end in its 2023 results on Tuesday, down slightly from €1.30bn at the end of 2022, and translating to an adjusted net asset value per share of €2.62 or £2.27.

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28 Feb 2024 09:47

IN BRIEF: Apax Global Alpha invests in sustainable building consultant

Apax Global Alpha Ltd - Guernsey-based private equity trust investing on the technology, services, healthcare and internet-consumer sectors - Says it will invest around EUR5.1 million in Integrated Environmental Solutions Ltd, a Glasgow-based software and consultancy group helping companies to optimise their buildings' energy use. On Tuesday the Apax Global Impact Fund, of which Apax Global Alpha is a limited partner, agreed to acquire a controlling stake in IES.

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9 Feb 2024 18:53

TRADING UPDATES: Apax opts against lifting offer; DCI enters loan deal

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

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2 Feb 2024 09:05

IN BRIEF: Apax Global Alpha invests in WGSN as fund closes acquisition

Apax Global Alpha Ltd - Guernsey-based investor in technology, services, healthcare, internet and consumer-focused firms, providing access to the private equity investments of Apax Partners LLP - Invests approximately EUR21.5 million in WGSN Ltd on a look-through basis. Limited partner Apax XI Fund announced on Thursday it had closed the acquisition of WGSN from London-based business-to-business media and events company Ascential PLC. WGSN, also headquartered in London, "is the world's leading consumer trend forecaster" with a platform designed to help clients use data to "make critical design and purchasing decisions". Apax Global says WGSN will now, in partnership with the Apax funds, focus on enhancing and expanding its product design and consumer insight products.

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2 Feb 2024 07:20

Apax Global Alpha invests €21.5m in WGSN

(Sharecast News) - Apax Global Alpha has invested €21.5m in trends forecaster WGSN, the closed-ended investment company confirmed on Friday.

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15 Nov 2023 08:41

Apax Global invests EUR3.2 million in Petvisor to accelerate R&D

(Alliance News) - Apax Global Alpha Ltd on Wednesday said it has invested around EUR3.2 million in Petvisor on a look-through basis to support its research and development.

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9 Nov 2023 11:44

IN BRIEF: Apax Global Alpha net assets up in third quarter

Apax Global Alpha Ltd - Guernsey-based investor which backs technology, services, healthcare, internet and consumer-focused firms, and is a limited partner of Apax Global Impact Fund - Says net asset value at September 30 was EUR2.59, up 16% from EUR2.24 at June 30. Adjusted NAV was unchanged from the previous quarter at EUR1.3 billion. Reports a NAV total loss of 0.1% as a result of declines in private equity, but said performance from the debt portfolio helped offset this. Partner at Apax and a member of the AGA investment committee, Ralf Gruss, says: "Despite a more challenging market backdrop, AGA is well positioned as seen by the resilience of the private equity portfolio and returns achieved by the company's debt investments. Over the past five years AGA has delivered an average total NAV return of [around] 12% and returned more than EUR300 million in dividends to shareholders. In the last quarter we have seen a step-up in activity across the private equity portfolio and we believe that Apax's focus on operating value creation is highly relevant in current markets."

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2 Nov 2023 15:57

UK earnings, trading statements calendar - next 7 days

Friday 3 November 
no events scheduled 
Monday 6 November 
Kingspan Group PLCTrading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 7 November 
Associated British Foods PLCFull Year Results
Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
RS Group PLCHalf Year Results
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
Wednesday 8 November 
Conduit Holdings LtdQ3 Results
ITV PLCTrading Statement
JD Wetherspoon PLCQ1 Results
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Secure Trust Bank PLCTrading Statement
Smiths News PLCFull Year Results
Time Out Group PLCFull Year Results
Thursday 9 November 
3i Group PLCHalf Year Results
Apax Global Alpha LtdQ3 Results
AstraZeneca PLCQ3 Results
Auto Trader Group PLCHalf Year Results
B&M European Value Retail SAHalf Year Results
Domino's Pizza Group PLCTrading Statement
Endeavour Mining PLCQ3 Results
Flutter Entertainment PLCTrading Statement
IMI PLCTrading Statement
Indivior PLCQ3 Results
John Wood Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
National Grid PLCHalf Year Results
Regional REIT LtdTrading Statement
Renewi PLCHalf Year Results
S4 Capital PLCTrading Statement
Tate & Lyle PLCHalf Year Results
Taylor Wimpey PLCTrading Statement
TBC Bank Group PLCQ3 Results
TheWorks.co.uk PLCTrading Statement
Trakm8 Holdings PLCHalf Year Results
Urban Logistics REIT PLCHalf Year Results
Vistry Group PLCTrading Statement
WH Smith PLCFull Year Results
Wincanton PLCHalf Year Results
Wizz Air Holdings PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Oct 2023 09:46

Apax Global Alpha invests in tech provider GAN Integrity

(Alliance News) - Apax Global Alpha Ltd on Friday said Apax Global Impact Fund acquired technology provider GAN Integrity Inc for an undisclosed fee.

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11 Oct 2023 09:47

Apax Global Alpha invests EUR17 million in bubble gum maker Bazooka

(Alliance News) - Apax Global Alpha Ltd on Wednesday said it has invested EUR16.6 million in Bazooka Candy Brands.

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11 Oct 2023 08:50

Apax Global Alpha makes €16.6m investment in Bazooka Candy

(Sharecast News) - Investment firm Apax Global Alpha has invested approximately €16.6m into Bazooka Candy Brands on a look-through basis.

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