(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Antofagasta, up 4.3%. An international tribunal has ordered Pakistan to pay almost USD6 billion to a joint venture partly owned by Antofagasta, the Chilean miner said. The USD5.84 billion award has been made by the World Bank's International Centre for Settlement of Investment Disputes to Tethyan Copper Co, a partnership between Antofagasta and Canada's Barrick Gold. The dispute centred on the alleged "unlawful" denial of a mining lease for the Reko Diq project in Pakistan in 2011. Pakistan, which has "limited" grounds for a challenge, will pay USD4.09 billion based on a market value of the project in 2011, and interest of USD1.75 billion. A feasibility study, Antofagasta said, showed Reko Diq contained one of the world's largest undeveloped copper and gold deposits, with the potential to be mined for over half a century.----------FTSE 100 - LOSERS----------Micro Focus International, down 5.0%. The software firm was extending losses after it said last week its high-profile acquisition of Hewlett Packard's software business was still proving difficult to integrate into existing operations. The stock is down 20% since last Tuesday. In addition, the Newbury-based software firm said on Monday Chair Kevin Loosemore sold 650,000 shares at an average price of 1,777 pence each, in a deal worth around GBP11.6 million in a series of transactions last Wednesday and Thursday. ----------Direct Line Insurance, down 1.1%, Admiral, down 0.9%. The UK government unveiled a recalculation to the rate used to calculate the amount insurers must pay for personal injury claims. The personal discount rate, or Ogden rate, has been raised to minus 0.25% from the minus 0.75% implemented in 2017, Lord Chancellor David Gauke said. The Ogden rate is a calculation used by courts to work out how much insurance companies need to pay out in the event of life-changing injuries to customers, taking into account the likely return from the investment of such awards. The higher the rate, the better the outcome is for insurers. "Essentially a 2017 decision to drastically reduce the assumed returns claimants can earn on a lump sum has been walked back a bit but the industry's disappointment in today's outcome is still palpable. Analysts had certainly pencilled in a more favourable settlement. At the very least recent developments may put the brakes on the generous dividends these firms have paid in the past, particularly when you consider an FCA probe could place further pressure on premiums as the difference between what new and existing customers are charged is challenged," said AJ Bell's Russ Mould. ----------FTSE 250 - LOSERS----------Sports Direct International, down 11%. The sportswear retailer said it would delay the release of its annual results, citing the complexities of the integration of department store chain House of Fraser. The company was originally set to report full-year results on Thursday. Sports Direct said Monday that increased regulatory scrutiny and the complex integration of House of Fraser, alongside uncertainty over the troubled department store's future prospects were the reasons for the delay. The company said accounting firm Grant Thornton has asked for additional time to complete its audit. In addition, Sports Direct said there are some "key areas to conclude" which could further hurt the guidance given in December. The company now expects its audited results to be published between July 26 and August 23.----------Cairn Energy, down 2.5%. The oil and gas explorer was cut to Underperform from Hold. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Kibo Energy, up 15%. The coal exploration and development company said it signed a collaboration deal with power plant operator STEAG in order to help develop its portfolio of energy projects. Kibo signed the deal with STEAG Energy Service - a subsidiary of STEAG - which operates 6,600 megawatts of power through its own power plants and 6,700 megawatts of power for third party clients. The majority of the power plants owned by STEAG are coal fired. No financial details related to the agreement were provided.----------OTHER MAIN MARKET AND AIM - LOSERS----------Thomas Cook, down 9.5%. The tour operator has come under criticism from shareholder group ShareSoc for misleading small shareholders about its cash position, the Daily Mail reported on Sunday. Thomas Cook announced on Friday that Chinese investors Forun Tourism Group provided the troubled company with a GBP750,000 cash injection. ShareSoc's director Cliff Weight said statements made in February and May, which said that the company's cash position was improving and it was taking a "number of prudent steps to de-risk our business" were optimistic. He said: "Thomas Cook's directors need to be held to account for making such positive statements, which may have misled many investors." Individual shareholders together own 20% of the company which has more than GBP1.20 billion worth of debt, the Daily Mail reported.----------
UK dividends calendar - next 7 days
Monday 13 May | |
Games Workshop Group PLC | dividend payment date |
Life Science REIT PLC | dividend payment date |
Seed Innovations Ltd | special dividend payment date |
Smiths Group PLC | dividend payment date |
VinaCapital Vietnam Opportunity Fund Ltd | dividend payment date |
Tuesday 14 May | |
BlackRock World Mining Trust PLC | dividend payment date |
Fidelity European Trust PLC | dividend payment date |
InterContinental Hotels Group PLC | dividend payment date |
Mondi PLC | dividend payment date |
OSB Group PLC | dividend payment date |
Rathbones Group PLC | dividend payment date |
Uniphar PLC | dividend payment date |
Wednesday 15 May | |
Capital Ltd | dividend payment date |
Grit Real Estate Income Group Ltd | dividend payment date |
Jardine Matheson Holdings Ltd | dividend payment date |
Just Group PLC | dividend payment date |
Rentokil Initial PLC | dividend payment date |
Thursday 16 May | |
abrdn Property Income Trust Ltd | ex-dividend payment date |
Alternative Income REIT PLC | ex-dividend payment date |
Aquila European Renewables PLC | ex-dividend payment date |
Balfour Beatty PLC | ex-dividend payment date |
BlackRock Latin American Investment Trust PLC | dividend payment date |
BP PLC | ex-dividend payment date |
Bunzl PLC | ex-dividend payment date |
Churchill China PLC | ex-dividend payment date |
EJF Investments Ltd | ex-dividend payment date |
Essentra PLC | ex-dividend payment date |
Fevertree Drinks PLC | ex-dividend payment date |
FRP Advisory Group PLC | ex-dividend payment date |
Greencoat UK Wind PLC | ex-dividend payment date |
GSK PLC | ex-dividend payment date |
Haleon PLC | dividend payment date |
Henderson Opportunities Trust PLC | ex-dividend payment date |
Income & Growth VCT PLC | ex-dividend payment date |
Irish Continental Group PLC | ex-dividend payment date |
James Halstead PLC | ex-dividend payment date |
Jarvis Securities PLC | ex-dividend payment date |
Kingfisher PLC | ex-dividend payment date |
M Winkworth PLC | dividend payment date |
Majedie Investments PLC | ex-dividend payment date |
Manx Financial Group PLC | ex-dividend payment date |
Mercantile Investment Trust PLC | dividend payment date |
Morgan Sindall Group PLC | dividend payment date |
Murray Income Trust PLC | ex-dividend payment date |
Ocean Wilsons Holdings Ltd | ex-dividend payment date |
Octopus Renewables Infrastructure Trust PLC | ex-dividend payment date |
PageGroup PLC | ex-dividend payment date |
Pershing Square Holdings Ltd | ex-dividend payment date |
Princess Private Equity Holding Ltd | ex-dividend payment date |
Property Franchise Group PLC | ex-dividend payment date |
Prudential PLC | dividend payment date |
RHI Magnesita NV | ex-dividend payment date |
Shell PLC | ex-dividend payment date |
Spectris PLC | ex-dividend payment date |
Supermarket Income REIT PLC | dividend payment date |
Target Healthcare REIT PLC | ex-dividend payment date |
TClarke PLC | ex-dividend payment date |
Tesco PLC | ex-dividend payment date |
TwentyFour Select Monthly Income Fund Ltd | ex-dividend payment date |
Unilever PLC | ex-dividend payment date |
Vaalco Energy Inc | ex-dividend payment date |
Vector Capital PLC | ex-dividend payment date |
Witan Investment Trust PLC | ex-dividend payment date |
Friday 17 May | |
AB Dynamics PLC | dividend payment date |
Barratt Developments PLC | dividend payment date |
Breedon Group PLC | dividend payment date |
Cairn Homes PLC | dividend payment date |
Direct Line Insurance Group PLC | dividend payment date |
Drax Group PLC | dividend payment date |
Finsbury Growth & Income Trust PLC | dividend payment date |
IMI PLC | dividend payment date |
Impact Healthcare REIT PLC | dividend payment date |
JPMorgan Japan Small Cap Growth & Income PLC | dividend payment date |
JPMorgan US Smaller Cos Investments Trust PLC | dividend payment date |
Kenmare Resources PLC | dividend payment date |
Luceco PLC | dividend payment date |
Morgan Advanced Materials PLC | dividend payment date |
Primary Health Properties PLC | dividend payment date |
Seneca Growth Capital VCT PLC - Class B | dividend payment date |
Standard Chartered PLC | dividend payment date |
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