CSRT.L Share News (CSRT)

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Micro Focus International, up 5.5%. The software firm said Monday it has agreed to sell its SUSE business segment to Blitz 18-679, a subsidiary of Swedish private equity group EQT Partners for USD2.54 billion. The SUSE business develops, markets and sources an enterprise grade Linux operating systems well as open source software-defined infrastructure. Proceeds from the sale will go towards paying any tax coming from the transaction, repaying part of the group's debt, general corporate purposes and shareholder returns. The disposal is expected to be completed in the first quarter of 2019.Tesco, up 0.4%. The supermarket chain said it intends to form a three-year strategic alliance with French retail giant Carrefour. Tesco is set to form a partnership with Carrefour covering relationship with global suppliers, joint purchasing of own brand products and goods not for resale, Tesco said. The alliance will allow both companies to lower their prices and enhance competitiveness, the supermarket said. The deal is expected to be formally agreed within the next two months. ----------FTSE 100 - LOSERS----------Antofagasta, down 3.1%, Anglo American, down 2.9%, BHP Billiton, down 2.7%, Rio Tinto, down 2.7%. The miners were lower following disappointing manufacturing PMI data from China. The manufacturing sector in China continued to expand in June, albeit at a slower rate, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 51.0. The score is down from 51.1 in May, although it remains above the boom-or-bust line of 50 that separates expansion of contraction. ----------FTSE 250 - WINNERS----------Vedanta Resources, up 27% at 822.00 pence. Shares in the Indian miner surged after majority shareholder and Chairman Anil Agarwal made an offer to acquire the remaining stake for GBP778 million. The offer priced at 825 pence per share values Vedanta at GBP2.33 billion and represents a premium of 27.6% to the closing share price of 647.0p on Friday and 13.5% to Vedanta's three-month volume weighted average price of 727 pence. Under the agreement, Vedanta shareholders will also receive previously announced dividend of USD0.41 per share. Including the dividend payment, the total offer is valued at 856p per Vedanta share. Volcan Investments intends to cancel Vedanta share trading on the London Stock Exchange's main market following completion of the deal. Under UK takeover rules, Volcan is required to make a firm offer for Vedanta by July 30.Meggitt, up 4.2%. The aerospace and defence components engineer upped its full-year earnings guidance after "stronger than anticipated trading" in the second quarter. The company said it now expects total organic revenue for 2018 to increase between 4% and 6%. Previously the company's forecast saw revenue up by between 2% to 4%. By division, Meggitt expects revenue growth of 4% to 6% in Civil Aftermarket, up from previous guidance of 3% to 5%, due to a combination of "strong growth" in air traffic and low levels of aircraft retirements. However, the group said it expects margins to be towards the lower end of the guidance range set between 17.7% to 18.0%, due to a "slower than anticipated" recovery at Meggitt Polymers & Composites.----------FTSE 250 - LOSERS----------Playtech, down 27%. The gaming and financial technology provider said it expects revenue from its Asian operation lower than forecast. The company expects its full-year 2018 adjusted earnings to be higher than in 2017, despite suffering a "disappointing" performance in Asia. Playtech said it forecast adjusted earnings before interest, taxes, depreciation and amortisation to be in the range of EUR320 million to EUR360 million. For 2017, Playtech reported adjusted Ebitda of EUR322.1 million. In Asia, due to an "increasingly competitive backdrop" Playtech expects revenue to be EUR70 million lower than it originally forecast. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Carclo, up 17% at 94.84p. Drug and medical device company Consort Medical said the plastics supplier rejected its non-binding acquisition proposal. Consort Medical's offer valued each of Carclo share at 116 pence, with the total consideration to be fulfilled issuing new Consort shares. As of June 29, the valuation implied an exchange ratio of 0.0973 Consort shares for each Carclo share. The proposal was at a premium of 43.6% to the Carclo closing share price of 80.8 pence June 29. Consort believes the proposal would offer a "number of attractive benefits" to Carclo shareholder. However it said there is "no certainty" it will make a further offer. Consort Medical was up 4.0%. ----------OTHER MAIN MARKET AND AIM - LOSERS----------eve Sleep, down 58%. The online mattress retailer said its Chief Executive Officer Jas Bagniewski departed amid sales falling short of expectations for the first half of its financial year. For the six months to the end of June, group sales were up by 61% to GBP18.6 million. This revenue shortfall is not expected to be recovered in the usually stronger second half due to a pull back from non-core markets. As a result, UK profitability will be delayed from the fourth quarter of 2018. eve Sleep said that for the six-month period trading patterns experienced greater volatility due to a challenging backdrop for consumer spending, as well as "strategic missteps" on management's part. With "mutual consent" Bagniewski has stepped down from his role and the company, after founding the company in 2014. Chief Financial Officer Abid Ismail will take on his executive duties alongside his own.----------