AVN.L Share News (AVN)

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Fresnillo, up 0.6%. The Mexican gold miner was tracking spot gold prices higher quoted at USD1,297.10 an ounce against USD1,291.30 at the London equities close Friday. Midcap peers Hochschild Mining and Acacia Mining were up 0.9% and 0.8% respectively. ---------FTSE 250 - WINNERS----------Energean Oil & Gas, up 2.5%. The oil and gas company said it was producing over 1,000 barrels of oil a day from the Epsilon project after completing drilling. Energean has drilled to 5,679 metres at the EA-H3 well, penetrating 689 metres of the Epsilon sandstone reservoir, meeting pre-drill expectations. The Epsilon project is in Greece, but Energean's flagship asset is the Karish Tanin gas field offshore Israel, from which it hopes to start producing in 2021. ----------Indivior, up 1.5%. The drugmaker said analysis of its Sublocade slow-release injectable found the drug could be more effective as an additional treatment at a higher dose. In a post-hoc analysis of the phase three Sublocade study, and subsequent open-label study, injecting opioid users who were treated with the 300 milligram Sublocade maintenance dose were found to have spent longer in treatment and were more likely to complete the study than those taking 100 mg. Moreover, 58% of patients taking the higher dose abstained from opioid use compared to 43% at the lower dose. The difference was only seen in those who had previously injected opioids. In patients who had not injected previously, continuous opioid abstinence was 28% at both a higher and lower dose.----------FTSE 250 - LOSERS----------Saga, down 5.0%. UBS downgraded the over 50s travel and insurance group to Neutral from Buy following last week's profit warning, highlighting multiple headwinds facing the insurance and travel company's business shift. ----------Aston Martin Lagonda Holdings, down 4.0%. Deutsche Bank downgraded the sports car maker to Hold from Buy. ----------OTHER MAIN MARKET AND AIM - WINNERS----------LightwaveRF, up 50%. The smart home solutions company said it saw strong revenue growth in the second quarter of current financial year, helped by improved demand for products. The company said revenue in the three months to the end of March doubled to GBP1.4 million compared to GBP680,000 reported for the same period a year before. LightwaveRF explained that strong revenue growth was a result of continued success in direct sales, e-commerce and telesales, and the further development of wholesale and retail distribution channels. Revenue in the first half was GBP2.5 million, more than doubled compared to GBP1.1 million generated a year earlier. In its financial 2018, the company delivered revenue of GBP2.8 million.----------Avanti Communications, up 25%. The satellite data firm said it signed a long-term contract with Turkish satellite operator Turksat. Under the deal, Turksat will commit to 1.89 gigahertz of capacity for the next three years with an optional extension of a further 12 months. Avanti said revenue will be evenly spread across the contract. Avanti's Chief Executive Kyle Whitehill said: "We are delighted to have been able to provide this capability to Turksat which will cover the whole of Turkey." ----------OTHER MAIN MARKET AND AIM - LOSERS----------Adept4, down 35%. The IT services provider said an unnamed customer cancelled a contract worth GBP700,000 a year, more than its entire earnings last year. As a result of the ending of the contract, revenue and earnings before interest, tax, depreciation, and amortisation for its financial year ending in September are likely to miss Adept4's expectations. Adept4 said that, based on current information, the termination is not valid, and the company is "considering the legal redress open to it". In the year ended September 2018, revenue was GBP10.2 million, flat year-on-year, and Ebitda GBP600,000, halved from GBP1.2 million. ----------SDX Energy, down 11%. The oil exploration and production company warned on the start-up date for production at its South Disouq project. SDX plans to get production of gas going at South Disouq, in Egypt, by the middle of 2019, under a plan in which it would lease an early production facility to process the gas brought up. However, SDX has not yet signed commercial terms for a processing facility, and if it cannot then production will be delayed until the completion of its main processing facility, which is expected to be the fourth quarter of 2019. Chief Executive & President Paul Welch commented: "The potential delay to fourth quarter 2019 for first gas in South Disouq is disappointing." ----------