Corero Network Share News (CNS)

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Randgold Resources, up 3.5%, Fresnillo, up 3.0%. The gold miners were up tracking spot gold prices higher, quoted at USD1,228.88 an ounce from USD1,218.81 at the London equities close Friday. "The best performers are gold miners Randgold Resources and Fresnillo as gold prices hit their highest levels since July on the back of the rising levels of uncertainty weighing on equity markets," said CMC Markets analyst Michael Hewson. Midcap peer Centamin was also up 2.4%. ----------FTSE 100 - LOSERS----------BAE Systems, down 2.5%. Shares in the defence giant were lower amid tensions between the US and Saudi Arabia, over the disappearance of a dissident Saudi journalist who worked for the Washington Post. US President Donald Trump warned of "severe punishment" if Saudi Arabia was behind the disappearance of Jamal Khashoggi, who was reportedly killed inside the Kingdom's consulate in Istanbul. Riyadh said it would retaliate if there were any sanctions by the US. "BAE's Saudi contracts are the company's bread and butter, its recent sale of 48 Typhoon jets worth over GBP10 billion has secured a deal that will generate thousands of jobs over the next ten years," City Index analyst Fiona Cincotta said. ----------FTSE 250 - LOSERS----------ConvaTec Group, down 27%. The wound dressings maker's shares fell after it issued a profit warning and said Chief Executive Paul Moraviec stepped down from his role, effective immediately. Rick Anderson, currently a non-executive director, is to assume the position of interim CEO until a permanent hire is found. In a third quarter trading statement, the firm warned on both its expected organic revenue growth and its adjusted earnings before interest and taxation margin for 2018. ConvaTec said the revised guidance was largely to due its Infusion Devices franchise, with a change in the inventory policy of the unit's biggest customer expected to hit fourth quarter revenue by around USD18 million to USD23 million. The outlook was also, "to a lesser extent", due to "challenging market dynamics in specific markets" in Advanced Wound Care. Thus, organic revenue growth for 2018 is now expected to fall between flat to 1.0%, having been previously guided to a range of 2.5% to 3.0% before.----------Superdry, down 19%. The high street fashion retailer said recent hot weather in the UK, combined with weak consumer confidence, will dent annual profit for financial year 2019 by around GBP10 million. The company said it will record GBP8 million in additional foreign exchange costs, split evenly over the financial year, as historic foreign exchange hedging mechanisms have not provided the expected degree of protection. For the first six months to October, the retailer expects to record low to mid-single digit statutory revenue growth. Online sales are expected to rise by mid-single digit, while store revenue is predicted to fall by low-single digit. Superdry usually delivers 70% to 75% of full-year profit during the second half of its financial year, meaning the company's full-year profit will be heavily influenced by its performance in the next several months.----------Greencore Group, down 6.5%. The sandwich maker said it agreed to sell its entire US business to an affiliate of Hearthside Food Solutions for USD1.08 billion is cash- less than two years after making a major move into the US market. The bulk of Greencore's US unit was previously known as Peacock Foods and was owned by investment firm Charlesbank until purchased by Greencore in November 2016. The company said it intends to use proceeds from the sale to pay its shareholders a special dividend of 72 pence per share, representing GBP509 million in cash. The remaining proceeds of GBP293 million will be used to reduce leverage and support the company's balance sheet, it said. Greencore believes that after transaction it will have a leading position in its core UK market, greater financial and strategic flexibility, and potential for dynamic capital management.----------OTHER MAIN MARKET AND AIM - WINNERS----------Corero Network Security, up 18%. The network security software company said it secured a USD2.0 million investment from Juniper Networks under their recently announced sales partnership. At the end of September, the company had said it signed a multi-year deal with Juniper, which will resell and support Corero's SmartWall software products and services. Juniper agreed to subscribe for 17.0 million Corero shares at a price of 8.9 pence each, equivalent to the closing mid-market price on September 24. The investment from Juniper will provide Corero with additional funding headroom as its aims to deliver on its objective of being cash generating and earnings before interest, taxes, depreciation, and amortization profitable during 2019.----------Shoe Zone, up 13%. The footwear retailer said it intends to return GBP4 million of excess cash via a special dividend in March next year. Shoe Zone added that pretax profit for the year ended September 29 will be ahead of market expectations and in excess of GBP11.0 million. In financial 2017, Shoe Zone recorded pretax profit of GBP9.8 million, which was down from GBP10.4 million the year before. Revenue for the 2018 financial year is anticipated to total GBP61 million, up 1.8% on GBP157.8 million a year ago. The growth was attributed to strong performance in both physical and digital channels and completion of loss-making store rationalisation programme.----------