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Share Price Information for Aukett Swanke (AUK)

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Share Price: 1.675
Bid: 1.60
Ask: 1.75
Change: 0.00 (0.00%)
Spread: 0.15 (9.375%)
Open: 1.675
High: 1.675
Low: 1.675
Prev. Close: 1.675
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WINNERS & LOSERS SUMMARY: Shell-BG Synergies Upgrade Pleases Market

Tue, 07th Jun 2016 09:34

LONDON (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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Royal Dutch Shell 'A', up 2.7%, Shell 'B', up 2.5%. The oil major said its plans concerning asset sales and debt reduction remain unchanged and it still plans to maintain its dividend this year followed by a share buyback in 2017, as the company set out its plan following the acquisition of BG Group. The major change was the increase in the amount of synergies that Shell expects to deliver from its GBP35.00 billion takeover of BG Group earlier this year, as Shell now expects to deliver USD4.50 billion worth of "deal-related synergies" in 2018 compared to the original target of USD3.50 billion. Shell also plans to exit up to 10 countries where it currently operates as part of its asset sale programme that will run until 2018, whilst capital investment this year has been reduced by a further USD1.00 billion.

Rio Tinto, up 1.0%. The miner was upgraded to Neutral from Sell by Citigroup, according to traders.
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FTSE 250 - WINNERS
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Weir Group, up 3.6%. The industrial valve and pumps maker was upgraded to Hold from Sell by Cannacord, according to traders.

Sports Direct International, up 3.6%. Chief Executive Dave Forsey will forgo his four-year share bonus, the sportswear retailer's founder Mike Ashley said in a letter published ahead of his appearance before a UK parliamentary committee. Ashley is set to appear before the Commons Business, Innovation & Skills committee on Tuesday to defend working practices at the sports clothing and equipment retailer's Shirebrook warehouse. Ahead of that appearance, Ashley sent a letter to the company's staff, saying he intends on "defending the good name" of Sports Direct before the committee, adding he will do this as he believes "we have nothing to hide".

Esure Group, up 2.3%. The insurer said it has kicked off a strategic review of its GoCompare.com price comparison service, including a possible spin off, and has appointed a new CEO for the unit. esure said it has re-invigorated the marketing strategy at GoCompare.com in the first year after it acquired the remaining 50% of the business it had not previously owned. It also has restructured the cost base and widened the product focus of the service. This has underpinned esure's guidance for GoCompare.com to deliver a 20% to 30% improvement in profit in 2016, the company said.
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FTSE 250 - LOSERS
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Tullett Prebon, down 2.6%, ICAP, down 0.9%. The UK Competition & Markets Authority said interdealer broker ICAP's sale of its voice-hybrid broking and information businesses to rival Tullett Prebon will face an in-depth investigation, but focused only on oil products broking. The CMA said after considering the 20 overlapping product categories involved in the deal, the regulator believes all but one of these will result no realistic prospect of a substantial lessening of competition as a result of the deal. However, the CMA said the merger does give rise to the prospect of a lessening of competition for the voice-hybrid broking of oil products, where competition from other brokers is more limited.
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MAIN MARKET AND AIM - WINNERS
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Herencia Resources, up 33%. The miner said there is potential that the company could be broke by the end of this month despite two of its major shareholders agreeing to provide the company with USD150,000 of funding. Existing shareholders Lind Partners and Oriental Darius Co have agreed to provide Herencia with USD150,000 of funding to be issued in two tranches. The first tranche, which will be drawn immediately, is for the first USD50,000 which will carry no interest rate over a 24 month term . However, Herencia will pay a total of USD60,000 back to the shareholders in return for that first tranche. The second, larger tranche of USD100,000 is discretionary, and the two shareholders have the choice as to whether or not the company should receive it. Herencia will repay a total of USD120,000 for the tranche under the same terms as the first.

Mountfield Group, up 21%. The construction company said it made "significant progress" in 2015, swinging to profit after having transformed one of its businesses which had been to blame for a GBP3.9 million impairment in 2014. Mountfield posted pretax profit of GBP177,177 for the year ended December 31, compared with the GBP3.9 million loss it reported the year earlier, after no impairment was incurred for 2015, compared to the GBP3.9 million impairment of goodwill in 2014. In 2014, Mountfield incurred the large goodwill impairment due to the "overall poor performance" of its Mountfield Building Group unit, following which Mountfield said it would review the business. Mountfield said it has transformed MBG into a construction company with a "substantially reduced cost structure". Mountfield said, following this restructuring, MBG is now trading profitably.

Ironveld, up 9.5%. The miner said it has finalised an offtake agreement for vanadium slag product from the Bushveld vanadium and titanium project in South Africa. Ironveld said it has entered into a five-year deal from first production for all vanadium slag produced at attractive price terms. No financial details were disclosed and neither was the name of the customer.
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MAIN MARKET AND AIM - LOSERS
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Aukett Swanke Group, off 24%. The architecture and interior design group said the UK referendum on European Union membership had "clearly impacted" its first half, with its pretax profit coming in much lower for the six months to March 31, and said it approaches the second half with "a degree of caution". The company posted a pretax profit of GBP417,000 from GBP815,000 a year earlier, as "equivalent cost reductions were difficult to achieve in the short term". Operating expenses rose to GBP1.1 million from GBP907,000 a year earlier, whilst personnel costs increased to GBP6.7 million from GBP5.6 million. This offset a rise in revenue to GBP10.0 million from GBP9.2 million.

Independent Resources, down 11% at 0.105p. The oil and gas company said it has opted to repay an outstanding GBP200,000, plus accrued interest of GBP17,143, due on its convertible loan notes through the issue of shares. Independent Resources said it considers it in its best interests to repay the convertible loan notes with immediate effect to avoid further material interest payments accruing. Additionally, Independent Resources will issue 75 million shares at the same price to repay GBP36,000 to a trade creditor. It has issued 452.4 million shares at a price of 0.048p for the repayment.

SyQic, down 8.2%. The on-demand video content provider said the deadline by which Chief Executive Jamal Hassim and MMV Investments (HK) must either make an offer for the company or walk away has been extended to June 21. The deadline under UK takeover code was previously set to expire Tuesday. The company had previously said in April that Hassam and MMV Investments, a company owned by Johan Robb, were in talks with an independent committee on a potential offer for the company.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2016 Alliance News Limited. All Rights Reserved.

More News
25 Mar 2014 11:40

Aukett Fitzroy Robinson Gives Confident Outlook On New Commissions

LONDON (Alliance News) - Design services firm Aukett Fitzroy Robinson Group PLC said Tuesday that it continues to win new commissions, and it looks forward to the rest of the financial year with confidence as the economic backdrop improves. In an annual general meeting statement to sharehol

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3 Mar 2014 17:39

DIRECTOR DEALINGS: Aukett Fitzroy Robinson CEO Buys Shares

LONDON (Alliance News) - Aukett Fitzroy Robinson Group PLC said Monday that Chief Executive Officer Nicholas Thompson had bought 500,000 shares at 6.25 pence each. Following this purchase Thompson holds a 10.05% interest in the design services company. Shares in Aukett closed down 2.0

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20 Jan 2014 10:56

Aukett Fitzroy Robinson Sees Profits Rise 162% But Sub Consultant Costs Hold Revenue Back

LONDON (Alliance News) - Interior design firm Aukett Fitzroy Robinson Group PLC Monday said pretax profit rose 162%, but said it still had some way to go before realising its potential. The firm which focuses on architecture, landscape and urban design and space planning posted pretax profi

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8 Nov 2013 09:30

Aukett Fitzroy Robinson Jumps As It Pays A Dividend For 2013

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1 Oct 2013 09:44

Aukett Fitzroy Robinson Anticipates Full-Year Results In Line With Upgraded Forecasts

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12 Aug 2013 08:25

Aukett Fitzroy recovery continues

Architects and interior design specialists Aukett Fitzroy Robinson said the recovery in its profitability has continued into the second half as it bags new projects and as output in the UK service sector rises. Higher revenues are now being achieved at its UK operation with operations materially

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2 Feb 2011 11:21

Small caps round-up: Aukett Fitzroy, IGas, North River

Architect and interior designer Aukett Fitzroy Robinson has more than halved its full-year loss to £789,000, a performance it calls "creditable" given the negative environment. "Although we see encouraging signs of recovery in some areas of our markets we remain of the view that it will be 2012 at

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8 Oct 2010 07:34

Aukett Fitzroy to slash year deficit

Architect and interior design group Aukett Fitzroy Robinson expects to have more than halved full-year losses and eliminated net debt of £1.4m. It now forecasts net funds of £125,000 for the year ended 30 September and has about £900,000 still to be collected, although that will depend on the sale

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17 Jun 2010 10:34

Staff cuts help Aukett Fitzroy narrow losses

Staff and overhead reductions helped architect and interior design group Aukett Fitzroy Robin reduce losses in the six months to March 31 despite a sharp fall in revenues. Pre-tax losses narrowed to £239,000 from £858,000 the previous year on revenues that halved to £4.1m £8.2m. Revenue in the UK

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17 Jun 2010 07:24

Aukett Fitzroy Robinson Group 1H Pretax Loss Narrows 75%

LONDON (Dow Jones)--Aukett Fitzroy Robinson Group PLC (AUK.LN), an architecture and interior design practice, reported Thursday a 75% narrowed pretax loss for the first half of fiscal 2010 and said it expects to recover the majority of litigation monies which will add GBP1.2 million new cash flow wh

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21 May 2010 08:42

Aukett gets the nod from Land Securities

After well received results on Tuesday the share price of Aukett Fitzroy Robinson (AFR) received another boost on Friday as the company announced a contract win. The architects and interior design specialists have been awarded a contract to refurbish a large commercial building in central London fo

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17 May 2010 14:44

Aukett Fitzroy to report smaller than expected loss

Architects and interior design specialists Aukett Fitzroy Robinson gained after it said it expects to post a smaller than forecast half year loss. The group expects to report a loss of just over £300,000 for the period ended 31 March compared with last year's loss of £1.2m. Aukett Fitzroy Robinson

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14 Jan 2010 09:53

Small caps round-up: Styles & Wood, Hydrogen, Travelzest...

Shopfitter Styles & Wood has been kept busy by projects for retailers such as the grocers Waitrose and Morrisons and the banks Barclays and Lloyds TSB and expects profits for the year to December 31 to be in line with expectations. Specialist recruitment group Hydrogen said it is well positioned f

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21 Jul 2009 16:44

London close: Rally continues

Footsie finished just shy of the 4,500 mark after another day of gains as the rally continues. Wm Morrison led the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation of its cost cutting pla

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21 Jul 2009 14:11

London afternoon: Advance gathers speed

London kicked on over the lunchtime session, with risers outnumbering fallers by four to one among FTSE 100 constituents. Wm Morrison leads the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implement

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