LONDON (Alliance News) - The following stocks are amongst the biggest risers and fallers within the main London indices midday Monday.
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FTSE 100 WINNERS
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Aviva, up 1.7% at 564.12 pence. Barclays, JP Morgan and Morgan Stanley resumed coverage of the insurer with Overweight ratings, ahead of Aviva's first trading session after the completion of its takeover of Friends Life Group. Barclays set a price target of 621 pence, with Morgan Stanley eyeing 633p.
HSBC Holdings, up 1.4% at 620.72p. Morgan Stanley has raised the bank to Equal Weight from Underweight, placing its price target at 600p.
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FTSE 100 LOSERS
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BHP Billiton, down 2.6% at 1,425.4p, Anglo American, down 2.6% at 995.8p, Rio Tinto, down 1.8% at 2,785.5p. The miners are have been hit by Citigroup downgrades in the sector. The bank has removed BHP BIlliton from its Europe Focus List, downgrading the miner to Neutral from Buy and cutting its price target to 1,550p from 1,800p. Citigroup has downgraded Anglo American to Sell from Neutral, cutting its price target to 900p from 1,350p, while downgrading Rio Tinto to Neutral from Buy, cutting its price target to 2,850p from 3,600p.
Pearson, down 1.7% at 1,446p. Jefferies has downgraded the education and publishing group to Underweight from Buy, but has lifted its price target on the stock to 1,230 from 1,184p.
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FTSE 250 LOSERS
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Vedanta Resources, down 2.7% at 504.00p, Lonmin, down 2.4% at 127.1p. Citigroup has downgraded Vedanta to Sell from Neutral, cutting its price target to 430p from 410p. The bank has also downgraded Lonmin to Neutral from Buy, cutting its price target to 127p from 145p.
IMI, down 1.9% at 1,275p. Investec has downgraded the engineering company to Hold from Buy, cutting its price target to 1,340p from 1,355p.
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AIM ALL-SHARE WINNERS
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Richland Resources, up 25%. The gemstone miner said pre-production mining has now started at the Capricorn Sapphire project in Queensland in Australia. A drilling programme is now underway at the site to define the pit design and layout and to enable mine scheduling, Richland said. First production from Capricorn Sapphire is being targeted for May 2015, with the first sales under the Capricorn Sapphire brand to be made in June.
Epistem Holdings, up 23%. The biotechnology company said it expects to imminently receive approval from Indian regulators for the launch of its Genedrive Tuberculosis and antibiotic resistance molecular diagnostic kit. Epistem said it has been made aware that the Director General Of Health Services and the Ministry of Health and Family Welfare departments in India are to publish an approval letter in respect of the import licence for the kit.
Eco Animal Health Group, up 17%. The animal health pharmaceuticals producer said it is likely to exceed market profit expectations for the year to end-March on sales growth of more than 20% in sterling. The company said it has continued to make "strong sales progress from its more recently licensed drug registrations and by developing newly accessed markets with existing licences."
Galasys, up 16%. The provider of ticketing software to amusement parks in Asia reported strong growth in profits in 2014, saying new contracts and strong demand from existing clients drove revenue up 45%, and it brought forward its maiden dividend payment. The IT services provider said pretax profit rose to MYR11.3 million in 2014, from MYR8.4 million in 2013, as revenue rose to MYR38.6 million from MYR26.7 million. It said it will pay a maiden dividend of 1.084 sen, or about 0.2 pence a share, bringing forward its dividend plans due to the growth of the business.
GETECH Group, up 15%. The geoscience services company said it has signed a "significant" contract with an unnamed national oil company. The contract, for which Getech did not provide any financial details, is for a three-year initial period with an option for it to be extended for a further two years. Under the deal, Getech will be one of three companies contracted by the client to provide basin evaluation services.
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AIM ALL-SHARE LOSERS
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Image Scan Holdings, off 25%. The company said it expects to post a pretax loss of around GBP380,000 for the first half of its financial year, widened from a pretax loss of GBP59,000 in the previous year, due to lower sales and the delayed availability of an x-ray generator to replace the waning supply of its existing generator.
By Daniel Ruiz; danielruiz@alliancenews.com
Copyright 2015 Alliance News Limited. All Rights Reserved.
UK earnings, trading statements calendar - next 7 days
Monday 27 March | |
Belvoir Group PLC | Full Year Results |
Carnival PLC | Trading Statement |
CentralNic Group PLC | Full Year Results |
Crimson Tide PLC | Full Year Results |
Dialight PLC | Full Year Results |
eEnergy Group PLC | Half Year Results |
Equals Group PLC | Full Year Results |
Hyve Group PLC | Trading Statement |
IQGeo Group PLC | Full Year Results |
Life Science REIT PLC | Full Year Results |
RTC Group PLC | Full Year Results |
SigmaRoc PLC | Full Year Results |
Target Healthcare REIT PLC | Half Year Results |
Tandem Group PLC | Full Year Results |
Thungela Resources Ltd | Full Year Results |
Tortilla Mexican Grill PLC | Full Year Results |
Tuesday 28 March | |
AG Barr PLC | Full Year Results |
Animalcare Group PLC | Full Year Results |
Bango PLC | Trading Statement |
Bellway PLC | Half Year Results |
CPPGroup PLC | Full Year Results |
DigitalBox PLC | Full Year Results |
EKF Diagnostics Holdings PLC | Full Year Results |
Eleco PLC | Full Year Results |
Empresaria Group PLC | Full Year Results |
Flowtech Fluidpower PLC | Full Year Results |
Good Energy Group PLC | Full Year Results |
Impact Healthcare REIT PLC | Full Year Results |
John Wood Group PLC | Full Year Results |
Marlowe PLC | Trading Statement |
Mortgage Advice Bureau Holdings PLC | Full Year Results |
Nanoco Group PLC | Half Year Results |
Ocado Group PLC | Trading Statement |
Personal Group Holdings PLC | Full Year Results |
Petershill Partners PLC | Full Year Results |
Real Estate Investors PLC | Full Year Results |
Regional REIT Ltd | Full Year Results |
S&U PLC | Full Year Results |
Softcat PLC | Half Year Results |
Synthomer PLC | Full Year Results |
Team17 Group PLC | Full Year Results |
United Utilities Group PLC | Trading Statement |
VH Global Sustainable Energy Opportunities PLC | Full Year Results |
Xaar PLC | Full Year Results |
Wednesday 29 March | |
abrdn Smaller Companies Income Trust PLC | Full Year Results |
Artisanal Spirits Co PLC | Full Year Results |
Big Technologies PLC | Full Year Results |
Central Asia Metals PLC | Full Year Results |
Ecora Resources PLC | Full Year Results |
Essentra PLC | Full Year Results |
Inspired PLC | Full Year Results |
Medica Group PLC | Full Year Results |
Michelmersh Brick Holdings PLC | Full Year Results |
Next PLC | Full Year Results |
Octopus Renewable Infrastructure Trust PLC | Full Year Results |
RM PLC | Full Year Results |
S4 Capital PLC | Full Year Results |
Strix Group PLC | Full Year Results |
Surgical Innovations Group PLC | Full Year Results |
tinyBuild Inc | Full Year Results |
UP Global Sourcing Holdings PLC | Half Year Results |
Thursday 30 March | |
AO World PLC | Trading Statement |
Aquis Exchange PLC | Full Year Results |
Arbuthnot Banking Group PLC | Full Year Results |
BBGI Global Infrastructure SA | Full Year Results |
Chesnara PLC | Full Year Results |
Ebiquity PLC | Full Year Results |
Gattaca PLC | Half Year Results |
Gresham House PLC | Full Year Results |
IGas Energy PLC | Full Year Results |
Impellam Group PLC | Full Year Results |
International Public Partnerships Ltd | Full Year Results |
Ithaca Energy PLC | Full Year Results |
Microlise Group PLC | Full Year Results |
Moonpig Group PLC | Trading Statement |
PetroTal Corp | Full Year Results |
Renalytix PLC | Half Year Results |
Revolution Beauty Group PLC | Full Year Results |
Secure Trust Bank PLC | Full Year Results |
Supermarket Income REIT PLC | Half Year Results |
XLMedia PLC | Full Year Results |
Friday 31 March | |
Bank of Cyprus Holdings PLC | Full Year Results |
Computacenter PLC | Full Year Results |
Cooks Coffee Co Ltd | Full Year Results |
Dignity PLC | Full Year Results |
ECO Animal Health Group PLC | Trading Statement |
HealthBeacon PLC | Full Year Results |
James Halstead PLC | Half Year Results |
Jaywing PLC | Trading Statement |
JPMorgan American Investment Trust PLC | Full Year Results |
Numis Corp PLC | Trading Statement |
Mothercare PLC | Trading Statement |
Quarto Group Inc | Full Year Results |
UK Oil & Gas PLC | Full Year Results |
Vanquis Banking Group PLC | Full Year Results |
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