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Share Price: 490.80
Bid: 490.45
Ask: 490.55
Change: -0.45 (-0.09%)
Spread: 0.10 (0.02%)
Open: 488.80
High: 491.55
Low: 486.00
Prev. Close: 491.25
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WINNERS & LOSERS SUMMARY: CityFibre Soars After Agreeing Takeover

Tue, 24th Apr 2018 11:09

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------BP, up 1.8%. Goldman Sachs upgraded the oil major to Buy from Neutral. In addition oil stocks were tracking oil prices higher, with Brent hitting its highest level since late 2014 of USD75.25 a barrel in early trade. Peer Royal Dutch Shell 'A' and Shell 'B' shares were up 0.6% and 0.7% respectively. BAE Systems, up 2.2%. The defence giant was raised to Buy from Hold by Berenberg. The German bank expects BAE's future prospects to improve BHP Billiton, up 1.7%. The Anglo-Australian miner said late on Monday a court in Brazil has granted a 66-day extension for discussions over a settlement for the Samarco dam failure. BHP, a constituent of both the FTSE 100 and Top 40 indices in London and Johannesburg respectively, is talking to federal prosecutors from Brazil's 12th Federal Court alongside Samarco Mineracao and Vale. During this 66 day period, BHP said, the suspension of legal proceedings will remain. It follows a 150 day extension granted for the same reason in late November last year. Discussions began between BHP and Vale in January 2017, outlining a preliminary agreement of settlement worth BRL155.0 billion, or USD45.45 billion, for public civil claims and a further BRL20.0 billion for civil claims. ----------FTSE 100 - LOSERS----------Paddy Power Betfair, down 4.0%. The bookmaker's shares were lower following a report in the Times newspaper overnight saying move to cut the maximum stake on highly addictive gambling machines to 200 pence is set to be announced within weeks as the Treasury indicated in a deal Monday. "This would be even more onerous than the UK Gambling Commission's 19 Mar recommendations of a GBP2.00 slots stake limit, a 'GBP30 or lower' non-slot limit, along with player tracking and limits on both games per session and player," said Mike Van Dulken, head of research at Accendo Markets said. Midcap bookmakers William Hill was down 15% and GVC Holdings was down 7.0%. Anglo American, down 1.2%. The miner reported an increase in production for the first quarter of 2018, despite disruption at the Minas-Rio iron ore mine in Brazil, which is expected to hit earnings for the year. Total production for the three months to March was up 4% on a copper equivalent basis, Anglo American said. Iron ore production at Minas-Rio fell 30% year-on-year to 3.0 million tonnes, due to a planned move into harder ore as well as the suspension of operations from March 12 due to leaks in the pipeline. As a result of the leak, no more production is expected for 2018. Anglo American said as a result, it is expecting a reduction of between USD300.0 million to USD400.0 million in earnings before interest, tax, depreciation, and amortisation. ----------FTSE 250 - WINNERS----------QinetiQ Group, up 5.5%. The defence outsourcer said it agreed to buy German-based aerial training provider EIS Aircraft Operations, currently part of EIS Aircraft Group, for EUR70.0 million on a cash-free and debt-free basis. The company said EIS Aircraft Operations generated revenue of EUR20.1 million for 2017 and earnings before interest, taxes, depreciation, and amortization of EUR5.4 million. QinetiQ said it expects to complete the transaction during the first half of its 2019 financial year, following regulatory and legal approvals. Upon completion, Aircraft Operations will be integrated into QinetiQ's Europe, the Middle East and Africa Services Division as well as led by its existing management team. The company said it will fund the purchase through its available cash resources.----------FTSE 250 - LOSERS----------Card Factory, down 4.7%, Superdry down 5.0%. Liberum downgraded the greeting cards retailer and the fashion retailer to Hold from Buy. Victrex down 3.8%. Berenberg cut the specialty chemicals firm to Hold from Buy. ----------OTHER MAIN MARKET AND AIM - WINNERS----------CityFibre Holdings, up 89% at 79.24p. Shares in the fibre optic infrastructure company rose after it agreed a GBP537.8 million all-cash takeover offer from a infrastructure investment consortium. CityFibre agreed to a 81.0 pence per share offer from Connect Infrastructure Bidco. Connect is a newly-formed company jointly-owned by Antin Infrastructure Partners UK and West Street Global Infrastructure Partners III. The offer price represents a 93% premium to the share price at the close on Monday. CityFibre listed at 60p per share in January 2014, valuing it at the time at GBP31.4 million. In 2017, CityFibre saw its pretax loss widen to GBP16.6 million from GBP12.6 million the year prior. This was despite revenue rising to GBP34.8 million from GBP15.4 million the year before.----------
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BEIJING, May 22 (Reuters) - British firms expect doing business in China to become harder over the next five years, a British business lobby group said on Wednesday, as Beijing strives to halt a retreat in foreign funds from a market once seen as the engine of global growth.

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US Cash Products-Chicago RBOB surges after refinery issues

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16 May 2024 16:54

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16 May 2024 16:53

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16 May 2024 12:53

Costain says confident of long-term prospects amid contract wins

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16 May 2024 09:02

Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024

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14 May 2024 21:40

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday they are satisfied that Venture Global LNG is trying to correct faults at the heat recovery steam generator (HRSG) at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.

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14 May 2024 18:47

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator (HRSG) at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.

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14 May 2024 10:02

(OFFICIAL)-Foreign investment in Germany reaches new record

BERLIN, May 14 (Reuters) - Foreign companies announced record levels of new investment in Germany last year despite the economic downturn and high energy prices, according to an analysis published on Tuesday by the federal development agency Germany Trade and Invest (GTAI).

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9 May 2024 15:51

UK dividends calendar - next 7 days

Friday 10 May 
AIB Group PLCdividend payment date
Alpha Group International PLCdividend payment date
Antofagasta PLCdividend payment date
Hammerson PLCdividend payment date
Hunting PLCdividend payment date
International Personal Finance PLCdividend payment date
Invesco Select Trust Global Equity Income PLCdividend payment date
Invesco Select Trust UK Equity PLCdividend payment date
Johnson Service Group PLCdividend payment date
Kerry Group PLCdividend payment date
Moneysupermarket.com Group PLCdividend payment date
Schroder Asian Total Return Inv Co PLCdividend payment date
Schroder European Real Estate Investments Trust PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
Serco Group PLCdividend payment date
Smurfit Kappa Group PLCdividend payment date
Somero Enterprises Incspecial dividend payment date
Taylor Wimpey PLCdividend payment date
Tufton Oceanic Assets Ltddividend payment date
VPC Specialty Lending Investments PLCdividend payment date
Monday 13 May 
Games Workshop Group PLCdividend payment date
Life Science REIT PLCdividend payment date
Seed Innovations Ltdspecial dividend payment date
Smiths Group PLCdividend payment date
VinaCapital Vietnam Opportunity Fund Ltddividend payment date
Tuesday 14 May 
BlackRock World Mining Trust PLCdividend payment date
Fidelity European Trust PLCdividend payment date
InterContinental Hotels Group PLCdividend payment date
Mondi PLCdividend payment date
OSB Group PLCdividend payment date
Rathbones Group PLCdividend payment date
Uniphar PLCdividend payment date
Wednesday 15 May 
Capital Ltddividend payment date
Grit Real Estate Income Group Ltddividend payment date
Jardine Matheson Holdings Ltddividend payment date
Just Group PLCdividend payment date
Rentokil Initial PLCdividend payment date
Thursday 16 May 
abrdn Property Income Trust Ltdex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
Aquila European Renewables PLCex-dividend payment date
Balfour Beatty PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
BP PLCex-dividend payment date
Bunzl PLCex-dividend payment date
Churchill China PLCex-dividend payment date
EJF Investments Ltdex-dividend payment date
Essentra PLCex-dividend payment date
Fevertree Drinks PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Greencoat UK Wind PLCex-dividend payment date
GSK PLCex-dividend payment date
Haleon PLCdividend payment date
Henderson Opportunities Trust PLCex-dividend payment date
Income & Growth VCT PLCex-dividend payment date
Irish Continental Group PLCex-dividend payment date
James Halstead PLCex-dividend payment date
Jarvis Securities PLCex-dividend payment date
Kingfisher PLCex-dividend payment date
M Winkworth PLCdividend payment date
Majedie Investments PLCex-dividend payment date
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Mercantile Investment Trust PLCdividend payment date
Morgan Sindall Group PLCdividend payment date
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Ocean Wilsons Holdings Ltdex-dividend payment date
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TClarke PLCex-dividend payment date
Tesco PLCex-dividend payment date
TwentyFour Select Monthly Income Fund Ltdex-dividend payment date
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9 May 2024 13:53

IN BRIEF: IP Group joins USD111 million financing round for Hysata

IP Group PLC - invests in companies pursuing breakthrough science - Portfolio company Hysata Pty Ltd completes USD111.3 million series B funding round. Hysata is developing electrolysers to produce green hydrogen efficiently. It will use the fresh cash to advance product development and expand production capacity at its manufacturing facility in Wollongong, New South Wales, Australia, as it focuses on "reaching gigawatt scale manufacturing". The funding round, which Hysata calls "the largest series B in Australian clean tech history", is led by bp Ventures, part of oil major BP PLC, and private equity firm Templewater Ltd, a spin-off from Investec PLC.

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Balfour Beatty says trades in line amid "progress" on pacts

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LONDON BROKER RATINGS: NatWest target raised, other lenders backed

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