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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
29 Jun 2020 11:31

Distil Annual Profit Rises As Revenue Edges Upwards And Expenses Dip

Distil Annual Profit Rises As Revenue Edges Upwards And Expenses Dip

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22 Jun 2020 15:58

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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9 Apr 2020 14:54

UK TRADING UPDATE SUMMARY: Naked Wines, Distil Get Bar-Closure Boost

UK TRADING UPDATE SUMMARY: Naked Wines, Distil Get Bar-Closure Boost

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9 Apr 2020 08:11

Distil revenues grow in line with 'ambitious' forecasts

(Sharecast News) - Drinks maker Distil said on Thursday that volumes and revenues had grown significantly in the three months ended 31 March, in line with the group's "ambitious" forecast.

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2 Apr 2020 06:54

Distil Terminates Botanical Drinks Joint Venture With British Honey

Distil Terminates Botanical Drinks Joint Venture With British Honey

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19 Feb 2020 10:30

Distil Signs Botanical Drinks Joint Venture With British Honey

Distil Signs Botanical Drinks Joint Venture With British Honey

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19 Feb 2020 09:08

Distil forms joint venture with British Honey

(Sharecast News) - Alcoholic drinks maker Distil has entered into a joint venture and collaboration agreement with British Honey, a distiller and infused spirit brand owner based in the UK.

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20 Jan 2020 10:50

Distil Outlook Annual Profit To Meet Market Expectations

Distil Outlook Annual Profit To Meet Market Expectations

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20 Jan 2020 08:06

Distil revenues grow in Q3

(Sharecast News) - Alcoholic beverages manufacturer Distil report higher levels of sales during its third trading quarter on Monday, including the important Christmas period.

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24 Oct 2019 11:13

Distil swings to loss after UK gin market softens

(Sharecast News) - Shares in Distil slumped on Thursday after it swung to an interim loss as a slowdown in the UK gin market hampered revenue growth.

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24 Oct 2019 10:31

UK WINNERS & LOSERS SUMMARY: Woodford Trust Up 30% As Schroders Tapped

UK WINNERS & LOSERS SUMMARY: Woodford Trust Up 30% As Schroders Tapped

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24 Oct 2019 10:07

Distil Shares Slump On Poor Interims; Warns On Full-Year Revenue

Distil Shares Slump On Poor Interims; Warns On Full-Year Revenue

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6 Sep 2019 14:29

Miton Group Disposal Reduces Holding In Distil To 4.9%

(Alliance News) - Alcoholic spirits maker Distil PLC on Friday said that Miton Group PLC has halved its stake in the company.The disposal was completed during a transaction on Wednesday. a

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2 Sep 2019 08:12

Distil to launch ready-to-drink version of RedLeg Spiced Rum

(Sharecast News) - Drinks maker Distil will shortly launch a ready-to-drink version of its RedLeg Spiced Rum product as part of a collaboration with premium soft drink, tonic and mixer brand Franklin and Sons.

Read more

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