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Pin to quick picksDistil Share News (DIS)

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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
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.

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13 Apr 2023 09:11

Distil sees volumes and revenue fall in Q4

(Sharecast News) - Drinksmaker Distil said on Thursday that both volumes and revenue had decreased in the three months ended 31 March.

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12 Jan 2023 12:38

Distil shares suffer as spirit sales slump over Christmas

(Alliance News) - Distil PLC on Thursday said third quarter revenue dropped due to "one-off issues" that it believes will not continue into next year.

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12 Jan 2023 11:23

AIM WINNERS & LOSERS: No Christmas sales pop for Distil, Virgin Wines

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

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13 Oct 2022 17:05

LONDON MARKET CLOSE: FTSE 100 claws back gains late in the day

(Alliance News) - Stock prices in London closed mostly in the green on Thursday, managing to shake off losses from earlier in the day following a US inflation print.

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13 Oct 2022 13:48

IN BRIEF: Distil shares plunge on widened interim loss, lower revenue

Distil PLC - London-based premium drinks brands such as RedLeg Spiced Rum - Says pretax loss in the six months ended September 30 widens to GBP555,000 from just GBP45,000 a year before, as revenue falls 68% to GBP460,000 from GBP1.4 million. Says it moved towards direct sales of its products, instead of through a distributor during the half. "UK sales are adversely impacted by the removal of inventory from the distributor supply chain as it transitioned away from its UK distributor and to direct sales during Q2", Distil says Gross profit decreases by 74% to GBP210,000 from GBP794,000, and administrative expenses are up 29% to GBP436,000 from GBP338,000 the year earlier.

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13 Oct 2022 11:15

AIM WINNERS & LOSERS: Quixant lifts guidance again; Distil sales fall

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

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13 Jul 2022 11:15

REPEAT: Distil produces less but expects post-Covid recovery

(Alliance News) - Distil PLC on Wednesday reported a sharp fall in quarterly revenue while export sales grew.

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13 Jul 2022 11:02

AIM WINNERS & LOSERS: t42 contract win; Sound Energy Morocco tax blow

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

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13 Jul 2022 10:52

Distil produces significantly less but expects post-Covid recovery

(Alliance News) - Distil PLC on Wednesday reported a sharp fall in quarterly revenue while export sales grew.

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13 Jul 2022 09:25

Distil volumes, revenues plunge amid business 'remodel'

(Sharecast News) - Premium spirits company Distil said in a trading update on Wednesday that volumes were down 79% year-on-year in its first quarter, with revenues falling 81% to £0.12m.

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13 Jul 2022 08:52

LONDON MARKET OPEN: Stocks, pound fall despite decent UK GDP reading

(Alliance News) - Blue-chip European equities were on the back foot in early dealings on Wednesday, despite a mostly positive day in Asia, as markets were hit by trepidation ahead of the afternoon's US inflation data.

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6 Jul 2022 19:33

IN BRIEF: Distil signs distribution agreement with Marussia Beverages

Distil PLC - London-based premium drinks retailer - Enters new distribution agreement with Swiss-based Marussia Beverages Corp, following decision to withdraw its portfolio of spirits from its long-term UK distributor, Hi-Spirits.

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30 Jun 2022 15:59

UK shareholder meetings calendar - next 7 days

Friday 1 July 
All Star Minerals PLCGM re name change to Marula Mining
Monday 4 July 
Active Energy Group PLCAGM
Clean Invest Africa PLCAGM
Securities Trust of Scotland PLCAGM
Tuesday 5 July 
Immediate Acquisition PLCAGM
Marks & Spencer Group PLCAGM
Open Orphan PLCAGM
Saga PLCAGM
Smartspace Software PLCAGM
Young & Co's Brewery PLCAGM
Wednesday 6 July 
Assura PLCAGM
ContourGlobal PLCGM re acquisition by KKR
GSK PLCGM re Consumer Healthcare demerger, Haleon listing
Mining Minerals & Metals PLCAGM
PCF Group PLCGM re director allotment authority
Puma Alpha VCT PLCAGM
Shires Income PLCAGM
Sirius Real Estate LtdAGM
Strategic Minerals PLCAGM
Worldwide Healthcare Trust PLCAGM
Thursday 7 July 
C&C Group PLCAGM
Distil PLCAGM
Emmerson PLCAGM
Faron Pharmaceuticals LtdGM re issuance of shares
FD Technologies PLCAGM
Great Portland Estates PLCAGM
Greencare Capital PLCAGM
J Sainsbury PLCAGM
JPMorgan European Growth & Income PLCAGM
Land Securities Group PLCAGM
Likewise Group PLCGM re approval of waiver by takeover/merger panel
N Brown Group PLCAGM
Octopus Apollo VCT PLCAGM
Peel Hunt LtdAGM
Pets At Home Group PLCAGM
Puma VCT 13 PLCAGM
Severn Trent PLCAGM
TomCo Energy PLCAGM
  
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