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Share Price Information for Bigdish (DISH)

London Stock Exchange
Share Price: 3.05
Bid: 2.90
Ask: 3.20
Change: 0.00 (0.00%)
Spread: 0.30 (10.34%)
Open: 3.05
High: 3.05
Low: 3.05
Yest. Close: 3.05
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WINNERS & LOSERS SUMMARY: De La Rue Down As CEO Exits And Profit Falls

Thu, 30th May 2019 10:33

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

FTSE 100 - LOSERS

National Grid, down 4.7%, Marks & Spencer, down 4.3%. The stocks went ex-dividend meaning new buyers no longer qualify for the latest payout.

Johnson Matthey, down 3.5%. The speciality chemicals firm upped its annual payout following a sharp increase in profit but said growth will be slower next year due to plans for significant investment. "We anticipate that these investments for growth and efficiency will lead to a slightly lower margin than in 2018-19," the company said. Johnson Matthey reported 53% growth in pretax profit to GBP488 million in the financial year that ended on March 31 compared to GBP320 million reported the year earlier, as revenue rose 4.6% to GBP10.75 billion from GBP10.27 billion. Profit was slightly short of market expectations. According to company-compiled consensus figures for financial 2019, pretax profit was expected to jump 56% to GBP500.7 million. Johnson Matthey declared a final dividend of 62.25 pence a share, taking the total payout for the year to 85.5p, up 6.9% from 80.0p paid the year before. Looking ahead, Johnson Matthey said it expects foreign exchange movements in the financial year to the end of March 2020 to hurt sales and underlying operating profit by GBP6 million and GBP2 million, respectively.

FTSE 250 - WINNERS

FirstGroup, up 5.5%. The transport operator unveiled a new strategy which will see the sale of the transport operator's North American intercity coach operation, Greyhound, as well as separation of its UK bus business, First Bus. The company said it has started the sale process for Greyhound as the unit has "limited synergies" with the rest of the company's operations. For the same reason, FirstGroup plans to separate First Bus from its UK operations. Going ahead, North America will be the firm's core market with emphasis on First Student and First Transit, which together generated 60% of group operating profit in 2019 and "have the greatest potential to generate sustainable value and growth over time". Separately, the company reported a narrowed pretax loss for the year ended March to GBP97.9 million from GBP326.9 million. Revenue for the year rose 11% to GBP7.13 billion from GBP6.40 billion. Looking ahead, FirstGroup said it expects to deliver revenue growth and financial progress in its Road divisions in financial 2020, with adjusted earnings guided "broadly in line with expectations". Spreadex analyst Connor Campbell said: "Beyond replacing the CEO and board, this basically ticks off most of the demands Coast Capital had been making, and was clearly popular with investors,"

Tullow Oil, up 3.5%. Goldman Sachs promoted the oil and gas company to its Conviction Buy List.

FTSE 250 - LOSERS

Computacenter, down 1.7%. The stock went ex-dividend.

Babcock International, down 1.6%. Goldman Sachs downgraded the engineering services firm to Neutral from Conviction Buy.

OTHER MAIN MARKET AND AIM - WINNERS

Nuformix, up 37%. The pharmaceutical development company reported positive results in its clinical study of NXP001. The company explained that NXP001 is being developed as a treatment for chemotherapy-induced nausea and vomiting, occurring in a third of cancer patients worldwide. In a pilot study conducted among healthy subjects, Nuformix's cocrystal-based formulation demonstrated bioequivalence to Merck's EMEND, the currently used treatment for nausea and vomiting in chemotherapy, both in terms of peak and overall exposure. The positive results allow Nuformix to receive a final GBP2 million milestone payment form its Chinese licensing partner, Newsummit Biopharma, which has started product registration in China.

BigDish, up 15%. The online reservation platform said it is now ready to start the larger UK roll out of its restaurant reservation app. The company's BigDish app is expected to go live in Brighton and Reading on June 7, following the successful launch in Swindon and Taunton. The app allows restaurant-goers to book a table and receive discounts. As it rolls the service out nationwide, Big Dish has divided the UK into ten territories. Each territory will have one manager with the exception of London, which will have three. BigDish expects the managers recruitment process to take between three and four months. The company now has over 150 restaurants on its platform, most of which independent. It said its roll out plans will initially target independent and smaller restaurant groups.

OTHER MAIN MARKET AND AIM - LOSERS

De La Rue, down 31%. The banknote printer proposed a restructuring, after annual profit fell sharply and in preparation for the expiration of the company's UK passport contract. In addition, De La Rue said Martin Sutherland has agreed to step down as chief executive as soon as his successor is in place. The company has already commenced the recruitment process, it said. Pretax profit for the financial year ended March 30 dropped to GBP25.5 million from GBP113.6 million a year earlier, as operating expenses jumped to GBP533.3 million from GBP370.9 million. De La Rue declared a final dividend of 16.7 pence a share, unchanged from the prior year. This would make a full year payout of 25.0p per share, also unchanged. De La Rue proposed a reorganisation that is aimed at creating better strategic focus and greater efficiency, with a cost-cutting programme that will deliver in excess of GBP20 million annual savings by 2022. De La Rue intends to restructure its operations into two divisions: Authentication and Currency.

More News

BigDish Partners With Oceanic Media To Promote Its Platform In UK

(Alliance News) - BigDish PLC on Tuesday said it has signed an exclusive marketing partnership with events company Oceanic Media Ltd.BigDish operates a yield management platform for The it

16 Jul 19 11:46

BigDish Co-Founder Aiden Bishop To Step Down As Executive Chair

(Alliance News) - BigDish PLC co-founder Aiden Bishop has stepped down from his role as executive chair but remain on the board as an executive director, the company said on Director Jonathan has

2 Jul 19 11:21

BigDish Fully Funded Until 2021 After Raising GBP2 Million In Placing (ALLISS)

LONDON (Alliance News) - BigDish PLC on Thursday said it will be fully funded until 2021 after it raised GBP2.1 million via a share placing.The company, which owns a restaurant booking app,

6 Jun 19 10:58

WINNERS & LOSERS SUMMARY: De La Rue Down As CEO Exits And Profit Falls

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

30 May 19 10:33

BigDish Starts UK Nationwide Roll Out Of Restaurant Reservation App

LONDON (Alliance News) - Shares in BigDish PLC jumped on Thursday as the company said it is now ready to start the larger UK roll out of its restaurant reservation app.The stock was up 15%

30 May 19 09:38

BigDish Live In Exeter And Basingstoke, To Launch In Four New Sites

LONDON (Alliance News) - BigDish PLC on Wednesday said it is now live in Exeter and Basingstoke as it expects to launch in four new locations by the end of May.The company, which operates a

8 May 19 11:09

BigDish To Focus On UK Operations As It Rolls Out Restaurant App

LONDON (Alliance News) - BigDish PLC said its restaurant booking app will go live in a selected number of Bristol restaurants on Thursday after its Bournemouth launch exceeded shares were trading

31 Jan 19 11:00

BigDish Appoints Sanj Naha As CEO With Founder Boer Leaving Board

LONDON (Alliance News) - Food technology firm BigDish PLC said on Wednesday it has appointed "significantly experienced" Sanj Naha as its new chief executive.Naha will join in has

30 Jan 19 10:34

BigDish Blames Thin Trading Volumes For Its Volatile Share Price

LONDON (Alliance News) - BigDish PLC, which operates a yield management platform for restaurants, on Monday attributed the recent volatility in its share prices to thin trading note the recent on

26 Nov 18 13:27

BigDish To Launch Business Platform In Several Bath Restaurants

LONDON (Alliance News) - BigDish PLC said it will complete its beta launch in a number of restaurants in the UK city of Bath on Monday."The beta stage will be for an initial one month

17 Sep 18 12:41

BigDish ready to 'disrupt' Asia restaurant industry

(Sharecast News) - Restaurant yield management technology company BigDish updated the market on its Asian strategy on Wednesday, following its announcement last week on the acquisition of looloo.

22 Aug 18 10:42

BigDish Acquires Philippines Restaurant Finder App For Undisclosed Sum

LONDON (Alliance News) - Food technology company BigDish PLC said Thursday it has completed the acquisition of Philippines-based travel discovery business Looloo for an undisclosed is hoping to in

16 Aug 18 13:00

BigDish gobbles up Philippines restaurant app Looloo

(Sharecast News) - Restaurant yield management platform operator BigDish has completed the acquisition of Looloo, a web and app-based restaurant and travel discovery business focused in the Philippines, it announced on Thursday.

16 Aug 18 10:24

BigDish Shares Soar As It Plans Roll Out To Wider UK Audience

LONDON (Alliance News) - Shares in BigDish PLC rose on Wednesday as the company said it plans to roll-out its platform to a wider UK audience following its initial public offer.BigDish on a

8 Aug 18 10:57

BigDish Focuses On Growth Following Admission On London Main Market (ALLIPO)

LONDON (Alliance News) - Online reservation platform BigDish PLC on Thursday began its first day of trading on the Main Market of the London Stock Exchange, following the admission of 49.4 million

2 Aug 18 17:20
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