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Pin to quick picksCapital & Counties Share News (CAPC)

Share Price Information for Capital & Counties (CAPC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 175.00
Bid: 175.00
Ask: 175.20
Change: 0.00 (0.00%)
Spread: 0.20 (0.11%)
Open: 168.00
High: 175.30
Low: 168.00
Yest. Close: 171.70
CAPC Live PriceLast checked at -

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UK WINNERS & LOSERS SUMMARY: Shaftesbury Down 13% Amid Fundraise Plans

Thu, 22nd Oct 2020 11:06

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



FTSE 250 - LOSERS



Shaftesbury, down 13%, and Capital & Counties, down 11%. Shaftesbury said it intends to raise GBP307 million via the issue of new shares to ensure financial flexibility to navigate the "unprecedented" challenges created by the Covid-19 pandemic. Current market capitalisation is GBP1.33 billion. Capital & Counties Properties said it will participate in the Shaftesbury fundraise by providing GBP65 million.



Moneysupermarket, down 5.7%, the price comparison website firm said revenue dropped across all of its businesses in the third quarter, with the company blaming the "disruption" caused by the pandemic. In the three months to September 30, Moneysupermarket's total revenue dropped 16% year on year to GBP85.1 million.



OTHER MAIN MARKET AND AIM - WINNERS



Premier African Minerals up 19%. The southern Africa-focused miner said it has settled all amounts it owes to directors, employees and other creditors, amounting to GBP600,057 of shares. Along with the GBP1.1 million placing, completed on Wednesday, the company is now debt free.



OPG Power Ventures, up 16%. The Indian power plant operator said revenue in the year ended March 31 rose 9.5% to GBP154.0 million from GBP140.6 million. Pretax profit slipped 14% to GBP14.5 million from GBP16.9 million.



4D Pharma up 16% after it proposed a merger with special-purpose acquisition company Longevity Acquisition Corp. Longevity shareholders will hold 13% of the enlarged firm. The deal values 4D Pharma shares at GBP1.10 each - an 18% premium to its GBP0.932 closing price on Wednesday - GBP144.5 million altogether. 4D's current market capitalisation is GBP141.1 million. The enlarged company will also launch an American depositary receipts programme, eyeing a Nasdaq listing.



Pendragon up 12%, the motor retailer said it delivered a "very strong" third quarter, with total revenue down 14% annually, but up 1.2% like-for-like. Underlying pretax profit surged to GBP27.3 million from GBP3.0 million a year earlier. Opts not to reinstate annual guidance, however.



OTHER MAIN MARKET AND AIM - LOSERS



Kibo Energy, down 12% after the Africa-focused energy firm posted a narrowed loss in the six months to June 30. Its pretax loss slimmed to GBP1.3 million from GBP1.8 million, though like last year, it generated no revenue. Noted that Covid-19 has caused delays to its project development targets.



Thalassa Holdings, dropped 12% after a regulatory filing showed investor Lombard Odier Asset Management Ltd trimmed its stake in the British Virgin Islands-based investment holding company to 1.4% from 14% during a transaction on Wednesday.



By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News

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Capital & Counties property value falls amid Covid-19

(Sharecast News) - Real estate investment trust Capital & Counties said on Tuesday that the total value of its properties had decreased in 2020 but stated it was "well-positioned" to benefit from recovery over time.

9 Mar 21 10:28

Capital & Counties leaves shareholder pockets bare amid cost prudency

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BROKER RATINGS: Jefferies Upgrades Workspace And Shaftesbury To Buy

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FTSE 250 movers: National Express, Capital&Counties wanted

(Sharecast News) - London's second-tier index was edging higher again on Thursday, buoyed by cautious confidence that the UK was on the path to bringing the pandemic under control and reopening its economy.

4 Feb 21 15:21

Value of Capital & Counties' Covent Garden estate falls amid Covid-19

(Sharecast News) - Property investment and development company Capital & Counties said on Tuesday that the value of its Covent Garden estate had fallen more than a quarter in 2020 as a result of the Covid-19 pandemic and its impact on the retail sector.

2 Feb 21 08:47

Capital & Counties Continues Rent Collection For 2021 To Date

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2 Feb 21 08:05

UK BROKER RATINGS SUMMARY: Exane BNP Upgrades RELX To Neutral

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UK BROKER RATINGS SUMMARY: JPMorgan Raises Derwent, Cuts Shaftesbury

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15 Jan 21 09:38

UK BROKER RATINGS SUMMARY: Citi Upgrades National Grid And 3i Group

UK BROKER RATINGS SUMMARY: Citi Upgrades National Grid And 3i Group

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Capital & Counties Receives GBP105 Million From Earls Court Sale

Capital & Counties Receives GBP105 Million From Earls Court Sale

30 Nov 20 10:16

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