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WINNERS & LOSERS SUMMARY: Astra Higher On Positive Heart Trial Results

Mon, 02nd Sep 2019 10:43

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

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FTSE 100 - WINNERS

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AstraZeneca, up 2.7%. The pharma giant reported positive study results for two separate treatments for prevention of cardiovascular events, particularly heart attacks in patients with or without type-2 diabetes. Astra said Phase III THEMIS trial showed Brilinta, or ticagrelor, plus aspirin reduced the relative risk of cardiovascular death, heart attack, or stroke by 10% compared with aspirin alone in patients with coronary artery disease and type-2 diabetes. The study also showed 15% relative risk reduction for cardiovascular events with patients who had previously undergone a percutaneous coronary intervention, a procedure to open a blocked or narrowed coronary artery. Separately, the company detailed results from the Phase III DAPA-HF trial showed Farxiga, or dapagliflozin, on top of standard of care reduced both the incidence of cardiovascular death and the worsening of heart failure in patients with reduced ejection fraction, with and without Type-2 diabetes. Astra, in August, reported topline results for DAPA-HF trial which met the primary endpoint. Farxiga is currently approved to treat patients with Type-2 diabetes. Farxiga study results showed a 30% decrease in the risk of experiencing a first episode of worsening heart failure and an 18% decrease in the risk of dying from cardiovascular causes, Astra noted.

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FTSE 100 - LOSERS

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Marks & Spencer, down 1.0%. Goldman Sachs resumed its coverage of the retailer with a Sell recommendation. M&S is threatened with relegation from the FTSE 100 index in this week's quarterly review.

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FTSE 250 - WINNERS

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Amigo Holdings, up 3.6%. The loan provider continued to claw back some of last Thursday's sharp declines. Amigo added 10% on Friday but had lost 52% on Thursday, after having slashed its loan book growth forecasts. Amigo Chief Executive Hamish Paton acquired 50,000 shares in the firm on Friday at 79.72 pence, for a total of GBP39,815.

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Woodford Patient Capital Trust, up 1.9%. The company hired Jane Tufnell as independent non-executive director as the Neil Woodford-led investment trust continues to deal with the fallout from its open-ended sister fund freezing redemptions in June. At the beginning of June, Woodford took the decision to suspend withdrawals from his equity income fund due to "an increased level of redemptions", with the fund now needing time to "reposition" its portfolio invested in unquoted and less liquid stocks into more liquid investments. Tufenll co-founded Ruffer Investment Management. Susan Searle, chair of Woodford Patient, said Tufnell's fund management expertise and familiarity with investment trusts will bring "valuable experience" to Woodford Patient.

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FTSE 250 - LOSERS

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Sequoia Economic Infrastructure Income Fund, down 1.7%. The firm said it intends to raise funds through a placing in order to repay outstanding debt and work on a pipeline of investment opportunities. Sequoia intends to issue up to 125.0 million shares, with the price per share to be announced on or around Friday next week alongside the fund's net asset value as at August 30. As at July 31, Sequoia's net asset value per share stood at 104.03 pence. At the fund's current share price, a 125.0 million share placing would raise around GBP143.1 million. Proceeds from the placing will go towards repaying outstanding debt under the revolving credit facility, which will allow Sequoia's investment adviser Sequoia Investment Management to re-draw the funds for use in the investment pipeline. As at Monday, Sequoia has cash of GBP46.8 million and outstanding drawings on the revolving credit facility of GBP161.4 million.

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OTHER MAIN MARKET AND AIM - WINNERS

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Distil, up 16%. The wine and spirits distributor said it has launched a ready-to-drink RedLeg Spiced rim and 1886 Cola, in collaboration with soft drink, tonic and mixer company Franklin & Sons. Franklin & Sons is owned by Global Brands Ltd. Distil said the drinks will be available "shortly" through a "major" UK retailer. The 250 millilitre can contains 5% alcohol by volume. "Ready-to-drink rum and cola is more on trend now than ever before," commented Distil. Distil said the pre-mixed spirit and mixer category grew sales by 30% during the year ended July. Meanwhile, the spiced rum sector has grown just under 13% over the same period. Executive Chair Don Goulding added: "This new in-market brand collaboration sees RedLeg Spiced Rum continue to innovate and introduce new consumers to the brand through flavour, packaging and format development. It provides consumers with a perfect RedLeg Spiced Rum and 1886 Cola on the go, without compromising on taste."

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21st Century Technology, 11%. The transport software systems provider has been awarded a contract by the East Sussex County Council to supply, install and support real-time passenger information technology and content management software. The contract has an initial value of GBP500,000 and will begin this month, running for three years. East Sussex is working with Brighton & Hove City Council, West Sussex County Council and Surrey County Council to introduce a content management system for their new electronic passenger information software platform.

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OTHER MAIN MARKET AND AIM - LOSERS

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BP Marsh & Partners, down 18%. The private equity firm said its investee LEBC Holdings has voluntarily decided to stop the provision of defined benefit pension transfer advice. BP Marsh holds a 59% interest in LEBC. LEBC decided to close its DB pension business following a review by the UK Financial Conduct Authority. BP Marsh said it is working with the management of LEBC to "evolve the business". BP Marsh expects LEBC's valuation to reduce but does it not expect its own net asset value per share to be greatly affected due to its "diverse portfolio" and the "strong performance delivered by a number of its investee companies in recent months".

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Pires Investments, down 7.8%. The investment company will seek shareholders approval to amend its investment policy at its upcoming annual general meeting in October. Pires' current policy focuses on the resources and energy sectors. Now, however, the company wants its policy to include the technology sector. In anticipation of this change, Pires has agreed in principle to invest GBP1.1 million in software venture capital fund Sure Valley Ventures. "The directors believe that the proposed investment is an attractive and effective way to develop a core holding of investments in the technology sector and allow the company to access the expertise of the SVV management team to assist with further investments in this sector," Pires added.

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More News
11 Apr 2024 11:55

Distil's expecting increased annual revenue despite weak final quarter

(Alliance News) - Distil PLC on Thursday said it had faced "a tough quarter of trading" at the end of its financial year, but the company still expects to report annual growth upon the publication of its results in June.

Read more
25 Mar 2024 13:27

IN BRIEF: Distil inks partnership with Global Brands

Distil PLC - London-based owner of drinks brands including RedLeg Spiced Rum and Blackwoods Gin - Inks new partnership with Global Brands Ltd to supply UK off-trade customers. "Global Brands will be servicing Distil's UK grocery, cash & carry, and convenience customers effective immediately. Utilising its extensive sales network, and proprietary logistics and warehouse capabilities, this new venture offers the opportunity to work closely with a long-standing partner to accelerate brand growth," the company says.

Read more
22 Jan 2024 11:23

IN BRIEF: Distil investee Ardgowan hires whisky veteran as chair

Distil PLC - London-based owner of drinks brands including RedLeg Spiced Rum and Blackwoods Gin - Ardgowan Distillery Co Ltd hires Paul Currie as chair. Currie has 30 years experience in the whisky industry, including founding the Isle of Arran Distillers and the Lakes Distillery.

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10 Jan 2024 12:05

IN BRIEF: Distil boosts quarterly revenue despite "suppressed" market

Distil PLC - London-based premium drinks manufacturer with brands including RedLeg Spiced Rum and Blackwoods Gin & Vodka - Says revenue increased 39% to GBP571,000 in the third quarter ended December 31, from GBP411,000 the prior year. Cumulative revenue for the first nine months of its current year rose 38% to GBP1.2 million. Gross profit rose 23% to GBP272,000 in the quarter and by 26% to GBP554,000 in the nine-month period. Distil says Blackwoods revenue more than doubled in the quarter and that the brand is building encouraging traction.

Read more
10 Jan 2024 10:46

AIM WINNERS & LOSERS: Great Western completes mill construction

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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10 Jan 2024 10:22

Distil revenues grow in Q3

(Sharecast News) - Alcoholic drinks maker Distil said on Wednesday that revenue and profits had both increased during the third quarter of its trading year.

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5 Dec 2023 15:41

UK shareholder meetings calendar - next 7 days

Wednesday 6 December 
Alternative Liquidity Fund LtdAGM
Bowleven PLCAGM
Gattaca PLCAGM
STM Group PLCcourt meeting and EGM re takeover by Pension SuperFund Capital
VinaCapital Vietnam Opportunity Fund LtdAGM
Virgin Wines UK PLCAGM
Thursday 7 December 
Asia Dragon Trust PLCAGM
Bioventix PLCAGM
Darktrace PLCAGM
Doric Nimrod Air Two LtdAGM
essensys PLCAGM
Fidelity Emerging Markets LtdAGM
GS Chain PLCAGM
Haydale Graphene Industries PLCAGM
Kibo Energy PLCAGM
Kin & Carta PLCAGM
Lok'n Store Group PLCAGM
Parity Group PLCGM re sale of Parity Professionals to Network Ventures
Supermarket Income REIT PLCAGM
Westmount Energy LtdAGM
YouGov PLCAGM
Friday 8 December 
Amedeo Air Four Plus LtdAGM
Ashoka India Equity Investment Trust PLCAGM
Associated British Engineering PLCAGM
Associated British Foods PLCAGM
Corcel PLCGM re disposal of 41% interest in the Mambare nickel/cobalt project
Hargreaves Lansdown PLCAGM
URA Holdings PLCGM re closing the fundraise
Monday 11 December 
IamFire PLCAGM with vote on name change to WeCap PLC
Pharma C Investments PLCGM re allowing investments in fintech, AI sectors
SigmaRoc PLCGM re reverse takeover
Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Vela Technologies PLCAGM
Tuesday 12 December 
Atalaya Mining PLCEGM re redomiciliation to Spain from Cyprus
Blackrock Greater Europe Investment Trust PLCAGM
Distil PLCGM re placing and subscription
Gelion PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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24 Nov 2023 13:27

Distil raises GBP765,000 for working capital at busiest business time

(Alliance News) - Distil PLC on Friday said it has raised money for working capital.

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16 Nov 2023 12:45

Distil investee breaks ground on GBP20 million whisky distillery

(Alliance News) - Distil PLC on Thursday said investee Ardgowan Distillery Co Ltd has broken ground on the first phase of its GBP20 million whisky distillery.

Read more
12 Oct 2023 13:55

Distil shares down despite return to sales growth and narrowed loss

(Alliance News) - Distil PLC on Thursday said turnover and gross profit increased in its latest half year, and that results remain "encouraging" despite macroeconomic headwinds driving up costs.

Read more
27 Jul 2023 15:43

UK shareholder meetings calendar - next 7 days

Friday 28 July 
African Pioneer PLCAGM
Bezant Resources PLCAGM
Braveheart Investment Group PLCAGM
Cordiant Digital Infrastructure LtdAGM
DP Poland PLCAGM
Intuitive Investments Group PLCGM re proposals on investment strategy
Jangada Mines PLCAGM
Mercantile Ports & Logistics LtdAGM
MetalNRG PLCAGM
Northern 2 VCT PLCGM re party transaction
Polymetal International PLCGM re delisting
R&Q Insurance Holdings LtdAGM
Science in Sport PLCAGM
Urban Logistics REIT PLCAGM
Xtract Resources PLCAGM
Monday 31 July 
B90 Holdings PLCAGM
Barryroe Offshore Energy PLCEGM re proposed cancellation of admission to trading on AIM
Live Co Group PLCAGM
OnTheMarket PLCAGM
Tintra PLCAGM
Tuesday 1 August 
Bonhill Group PLCGM re members' voluntary liquidation
Deltex Medical Group PLCGM re placing and subscription
Syncona LtdAGM
Wednesday 2 August 
Bushveld Minerals LtdAGM
Sequoia Economic Infrastructure Income Fund LtdAGM
Wizz Air Holdings PLCGM re proposed purchase
Thursday 3 August 
Distil PLCAGM
Edenville Energy PLCAGM
Future PLCGM re authorising the company to buy back up to 10% of shares
Investec PLCAGM
Landore Resources LtdEGM re dual-listing in Canada
Ukrproduct Group LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
6 Jul 2023 10:36

AIM WINNERS & LOSERS: i(x) Net Zero surges as BP invests in WasteFuel

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
6 Jul 2023 10:16

IN BRIEF: Distil says revenue up in first quarter; outlook uncertain

(Alliance News) - Distil PLC - Alcoholic spirit maker - Revenue in its first quarter to June rises to GBP364,000 from GBP119,000. The company says comparative first quarter revenue in 2022 had been suppressed as the company remodelled its business. Distil notes that the market remains uncertain in the current economic climate, particularly with the UK's planned duty increases effective from August 1.

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4 Jul 2023 10:49

IN BRIEF: Distil shares down as annual loss widens; revenue falls

Distil PLC - London-based premium drinks producer, whose brands include RedLeg Spiced Rum and Blackwoods Gin and Vodka - Posts revenue of GBP1.3 million for year ended on March 31, down 55% from GBP2.9 million the year before. Pretax loss widens to GBP654,000 from GBP95,000, as gross profit falls to GBP684,000 from GBP1.6 million the year before. Adjusted administrative expenses increase by 21% to GBP903,000 from GBP890,000.

Read more
13 Apr 2023 13:56

Distil posts optimistic outlook but says annual loss widens

(Alliance News) - Distil PLC on Thursday announced a positive outlook as the company rebuilds its business model.

Read more

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