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WINNERS & LOSERS SUMMARY: easyJet Climbs On First-Quarter Revenue Rise

Tue, 22nd Jan 2019 10:27

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------easyJet, up 4.5%. The low-cost airline reaffirmed guidance for its full-year performance to be in line with market expectations, after reporting a 14% surge in first-quarter revenue. Passenger numbers were, however, held back slightly by the drone disturbances which shut London Gatwick airport for several days in December. For the three months to December 31, the budget airline's total revenue increased 14% to GBP1.30 billion from GBP1.14 billion a year prior. Passenger revenue was up 12% to GBP1.03 billion from GBP914.0 million, while ancilliary revenue increased 20% to 271.0 million from 226.0 million. The Gatwick disturbances, affecting 82,000 customers, cost easyJet GBP10 million, as 400 easyJet flights were cancelled while authorities searched for the drone owner between December 19 and 21.----------FTSE 100 - LOSERS----------BHP Group, down 1.8%. The miner reported a number of operational difficulties during its first half, though it has upgraded copper production guidance nonetheless. For the six months to December, BHP's copper output fell 1% year-on-year to 825,000 tonnes. For the second quarter, production was down 3% year-on-year but up 2% quarter-on-quarter to 416,000 tonnes. Copper output guidance for the year ending June has been increased to between 1.65 million tonnes and 1.74 million tonnes, from 1.62 million tonnes and 1.71 million tonnes before. BHP's interim iron ore production rose 2% to 119 million tonnes. Metallurgical coal production rose 2% to 21 million tonnes but energy coal fell 5% to 13 million tonnes. ----------St James's Place, down 1.4%. Credit Suisse cut its rating on the wealth manager to Neutral from Outperform.----------FTSE 250 - WINNERS----------Coats Group, up 3.4%. The thread manufacturer has sold its non-core North America Crafts business to Spinrite Acquisition for USD37.0 million. Coats Group will use the sale proceeds to reduce its net debt. The sale to the US yarn and other craft products company is subject to customary closing conditions and is expected to complete in he following weeks, Coats added. Group Chief Executive Officer Rajiv Sharma said: 'The sale of our standalone North America Crafts business allows us to focus completely on our high performing business-to-business global Apparel and Footwear, and Performance Materials businesses."----------Dixons Carphone, up 2.4%. The electronics retailer reported a good peak trading performance during the recent festive season, which it said came in line with the company's views. For the 10 weeks ended January 5, the electronics retailer posted group like-for-like revenue up 1%. Reported revenue overall was flat on the previous year. In UK & Ireland electricals, revenue was up 2% on the comparative period a year ago, both on a reported and like-for-like basis. The increase was driven by a standout performance in TV, Dixons explained, despite a challenging backdrop and a declining market. The company's UK & Ireland mobile division saw revenue drop 12% on a reported basis and 7% on a like-for-like basis. Dixons reiterated its annual pretax profit guidance of GBP300 million, which will be 21% lower than the GBP382 million reported for the year ended April 2018.----------FTSE 250 - LOSERS----------IG Group Holdings, down 6.4%. The online trading platform saw a drop in interim profit and revenue, leading to expectations of lower revenue for the full-year. For the six months to the end of November 30, pretax profit fell 17% to GBP113.0 million from GBP136 million a year before, on net trading revenue that declined 6.0% from GBP251.0 million from GBP268.4 million. During the period, the European Securities & Markets Authority regulatory measures came into effect, with the prohibition of offering binary options to retail clients, and restrictions on providing contracts-for difference to retail clients. As a result of the regulatory changes, revenue for the year ending July 31 is expected to be lower than the GBP590.2 million reported the prior year. Operating costs for the year are expected to remain at a similar level to the GBP290 million reported the year before.----------Aggreko, down 4.0%. Peel Hunt cut the temporary power unit firm to Reduce from Hold.----------OTHER MAIN MARKET AND AIM - WINNERS----------Pets at Home Group, up 8.5%. The firm, which sells products for pets and provides veterinary services, guided for its annual performance to be in line with the prior year, after reporting revenue increased during its third quarter. For the 12-week period to January 3, the retailer said group revenue rose 6.3% to GBP237.2 million from GBP223.3 million in the comparative period a year ago. The increase was 5.1% on a like-for-like basis. Retail revenue increased 5.5% to GBP213.4 million from GBP202.3 million. On a like-for-like basis it was up 4.7%. The company's Vet Group revenue was up 14% year-on-year to GBP23.8 million from GBP21.0 million. On a like-for-like basis, it increased 9.1%. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Zoo Digital, down 46%. The entertainment industry digital distributor said its annual revenue is expected to be about 10% lower than expectations. Zoo Digital - which provides cloud software based subtitling, dubbing and media localisation services - expects revenue in the second half of its financial year to be comparable to the first half. In the first half of its current year, Zoo Digital reported revenue of USD14.9 million, suggesting just under USD30 million for the full year. For the year ended March last year, the company's revenue was USD28.6 million. The company said its trading in the second half began "encouragingly" but its performance was affected by the loss of a single, material localisation project in the period. On top of the that project loss, Zoo Digital said revenue from processing legacy DVD and blu-ray titles in the second half was "significantly" lower than expected due to "overall market decline".----------

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