The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCYBG Share News (CYBG)

Share Price Information for CYBG (CYBG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 17.251
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.194 (1.131%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 17.251
CYBG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WINNERS & LOSERS SUMMARY: Centrica, Fresnillo Sink After Dividend Cuts

Tue, 30th Jul 2019 10:37

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------BP, up 3.0%. The oil major reported a "resilient" second-quarter performance, with profit climbing sharply on the prior three months. Underlying replacement cost profit, BP's preferred metric, for the three months to June rose 19% on the first quarter to USD2.81 billion, though it was 0.4% lower year-on-year. BP's underlying RC profit for the six months to June was USD5.17 billion, down 4.4% on the year before. Reported RC profit fell 7.4% to USD3.87 billion in the half year, while interim profit attributable to shareholders declined 9.7% to USD4.76 billion. The company said the second quarter's profit performance reflected a "good" operating performance, offsetting lower oil prices year-on-year. BP is paying a quarterly dividend of 10.25 US cents, the same as for the first quarter. BP returned USD125 million to shareholders over the first half via share buybacks. Shares in peer Royal Dutch Shell were benefitting from a positive read-across, with Shell 'A', up 0.7% and Shell 'B', up 0.6%.----------FTSE 100 - LOSERS----------Centrica, down 12%. The British Gas parent slashed its dividend after an "exceptionally challenging" first half resulted in profit and revenue both falling, worsened by restructuring costs. For the six months ended June, the utility sank to a GBP569 million pretax loss from a GBP415 million profit the year prior. This was after revenue fell 4.4% to GBP11.57 billion from GBP12.10 billion the year before. Profit performance was hurt by exceptional costs surging to GBP845 million from GBP211 million the year prior. This was primarily due to rising restructuring, pension and impairment charges. Centrica more than halved its interim dividend per share to 1.50 pence from 3.60 pence the year prior. Chief Executive Officer Iain Conn is to step down from his post and retire from the company's board next year, and Centrica also announced plans to sell its oil and gas business. ----------Fresnillo, down 7.5%. The Mexican gold miner said lower production and gold prices have led to a decline in revenue and a far steeper fall in profit. Fresnillo's revenue for the six months to June declined 10% to USD1.00 billion, with pretax profit from continuing operations dropping dramatically to USD54.1 million from USD323.0 million a year before. Adjusted earnings before interest, tax, depreciation, and amortisation fell 46% to USD307.9 million. The worsened results were due to a 7.1% fall in gold production to 432,417 ounces in the half-year, and a 10% dip in silver output to 27.6 million ounces, which had been reported earlier in July. Fresnillo slashed its interim dividend by 76%, to USD0.026 per share from USD0.107 a year before. ----------Reckitt Benckiser, down 3.8%. The household goods maker cut its full year like-for-like sales guidance amid a weaker-than-expected start to the year. For the six months ended June, pretax profit widened 14% to GBP1.26 billion from GBP1.11 billion a year prior. This was after revenue rose 1.6% to GBP6.24 billion from GBP6.14 billion. However, Reckitt said sales growth in the first half was below expectations and cut its annual like-for-like sales guidance to a range of 2% to 3%, from a previously expected target of 3% to 4%. ----------FTSE 250 - WINNERS----------Provident Financial, up 8.5%. The subprime lender said it was "pleased" with interim results despite the distraction of a hostile bid from Non-Standard Finance - which was blocked by the UK Prudential Regulation Authority last month. Provident's pretax profit, before bid defence costs, rose 77% year-on-year to GBP61.2 million for the six months to June 30, with the statutory figure up 8.8% to GBP37.6 million. Adjusted pretax profit was flat at GBP74.9 million. This "continued good recovery" means Provident has been able to reintroduce its interim dividend, and it is paying 9.0 pence per share for the period. The interim payout was scrapped in the summer of 2017.----------BBA Aviation, up 6.2%. The aviation support and aftermarket services provider agreed to sell its aerospace parts and services unit Ontic to CVC Fund Vll, managed by private equity firm CVC Capital Partners, for an enterprise value of USD1.37 billion. BBA said it expects to return between USD750 million and USD850 million of that to shareholders. BBA Aviation said the sale is unanimously supported by the board as being in the best interests of shareholders and will enable enhanced focus and investment in the company's Signature flight support services business.----------Elementis, up 5.2%. The speciality chemicals company raised its interim payout amid profit and revenue growth despite tough conditions, with forecasts of an improved second half of the year. For the six months ended June, pretax profit widened 3.8% to USD48.6 million from USD46.8 million the year prior. This was after revenue rose 6.7% to USD449.7 million from USD421.4 million the year before. Elementis proposed a 2.80 US cents per share interim dividend, up 3.7% from 2.70 cents the year prior. This reflected the "confidence" of the firm for its "medium-term growth prospects". ----------FTSE 250 - LOSERS----------CYBG, down 8.2%. The owner of Clydesdale and Yorkshire banks said net interest margins were likely to be at the lower end of forecasts, as it reported a fall in mortgage loans and margins in the third quarter. CYBG reported third quarter NIM of 168 basis points - which was 3 basis points lower compared to the first half of 2019, due to the re-financing impact of a large volume of mortgage redemptions in the third quarter. The company, which is rebranding itself as Virgin Money following the merger with its challenger bank rival, said NIM for financial 2019 is expected to be at the lower-end of the 165 to 170 basis points guidance range. CYBG added that "good" progress continues to be made with the Virgin Money integration programme.----------Greencore, down 4.5%. The sandwich maker said site disposals, business exits and weak market conditions dented revenue growth in the third quarter of financial 2019. For the 13 weeks to June 28, reported revenue from continuing operations totalled GBP365 million, down 2.9% year-on-year. On a pro forma basis, revenue increased by 0.8% in the quarter. Year to date, reported revenue from continuing operations totalled GBP1.07 billion, down 4.0% on the prior year period. On a pro forma basis, revenue increased by 3.8%. Greencore said it is performing well against its strategic and financial objectives and continues to anticipate growth in annual adjusted operating profit supported by underlying revenue growth and a good operational performance.----------Aston Martin Lagonda, down 3.0%. Bank of America downgraded the Valkyrie hypercar maker to Neutral from Buy. ----------OTHER MAIN MARKET AND AIM - LOSERS----------FireAngel Safety Technology, down 14%. The smoke detector maker said its boss will leave before the end of July and predicted a sharp growth in interim revenue. For the six months ended June, the company expects revenue to rise 17% to GBP20.7 million from GBP17.7 million. The firm added the results were "ahead of budget". Underlying this growth, interconnected alarms grew sales 30% to take its total contribution of group revenue to 15%. In addition, UK trade revenue grew over 30% and German revenue continued to recover. FireAngel added its inventory position narrowed to GBP8.5 million at the end of June from GBP11.0 million the year prior. This was a result of new supply chain processes and more rigorous sales management. FireAngel said Chief Executive Officer Neil Smith will leave the AIM-listed firm from Wednesday. He had been CEO at FireAngel - formerly known as Sprue Aegis until July 2018 - since 2015. In his place, Non-Executive Chair John Conoley will assume the role of executive chair.----------

More News
5 Sep 2019 10:39

WINNERS & LOSERS SUMMARY: CYBG Shares Plunge On PPI Costs

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Melrose up a

Read more
5 Sep 2019 08:35

LONDON MARKET OPEN: Pound Holds Back FTSE As No-Deal Inches Off Table

(Alliance News) - Sentiment globally was lifted overnight, but the internationally exposed FTSE 100 index failed to benefit on Thursday after the pound rose on further moves in Westminster to a or

Read more
4 Sep 2019 13:24

CYBG receives 'unprecedented volumes' of PPI information requests

(Sharecast News) - CYBG, the owner of Clydesdale Bank, Yorkshire Bank and Virgin Money, said on Wednesday that it received "unprecedented volumes" of information requests ahead of the payment protection insurance complaints deadline.

Read more
29 Aug 2019 09:26

BROKER RATINGS SUMMARY: Goldman Sachs Raises Smiths Group To Buy

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:----------FTSE 100----------GOLDMAN SACHS RAISES TO

Read more
23 Aug 2019 13:25

Science Group Hikes Frontier Holding After Standby Loan Agreement

(Alliance News) - Scientific consultancy services firm Science Group PLC said on Friday that it has boosted its holding in Frontier Smart Technologies PLC to 52% after the two companies entering a

Read more
20 Aug 2019 14:33

FTSE 250 movers: Royal Mail dips, pubs fizz higher

(Sharecast News) - London's FTSE 250 was down 0.14% at 19,071.83 in afternoon trade on Tuesday, with Royal Mail leading the index lower.

Read more
19 Aug 2019 11:51

LONDON MARKET MIDDAY: Stimulus, US-China Trade Talk Hopes Propel FTSE

(Alliance News) - Hopes of stimulus for the slowing economies of Germany and China led to upbeat trading at the start of the week, with optimism over further US-Sino trade talks also helping to up

Read more
19 Aug 2019 10:46

WINNERS & LOSERS SUMMARY: IXICO Rises On Positive Outlook

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------J up 3.8%. The is

Read more
19 Aug 2019 10:02

UBS upgrades CYBG, sees improvement in net interest margin

(Sharecast News) - CYBG got a boost on Monday as UBS upgraded its rating on the shares to 'buy' from 'neutral', arguing that net interest margin is set to rise even in the current rates environment.

Read more
12 Aug 2019 16:59

LONDON MARKET CLOSE: Hong Kong And Brexit Tensions Weigh On Stocks

(Alliance News) - Stocks in London opened the week in the red as violent clashes between protestors and police in Hong Kong and further Brexit stumbling blocks caused investors to turn away from a

Read more
30 Jul 2019 16:53

LONDON MARKET CLOSE: FTSE 100's Gains Evaporate But Pound Softens Blow

(Alliance News) - Though the FTSE 100 was not able to maintain its early gains on Tuesday, the blue-chip index still managed to escape the more bruising losses seen elsewhere in Europe thanks to a

Read more
30 Jul 2019 12:07

LONDON MARKET MIDDAY: FTSE Outperformance Extended By Weak Pound, BP

(Alliance News) - The FTSE 100 was cushioned by a weaker pound and a strong set of quarterly results from oil major BP on Tuesday, allowing the index to teeter in the green while

Read more
30 Jul 2019 10:02

CYBG On Track To Deliver Annual Targets Despite Dip In Mortgage Book

(Alliance News) - CYBG PLC on Tuesday said it remains on track to deliver an annual performance in line with guidance despite a reduction in margin and mortgage lending in the third stock was 7.2%

Read more
26 Jul 2019 13:09

CYBG To Work On Transparency Following January's Shareholder Dissent

(Alliance News) - CYBG PLC is to work on greater transparency, it said Friday, following talks with shareholders after some dissent at January's annual general meeting.In January, 34% a

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.