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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Royal Mail, up 3.6%. The mail and parcels delivery company's shares are up after postal firm Whistl suspended its door-to-door letterbox service, Sky News reported, putting jobs at risk. The report said that Whistl is trying to control its losses after LDC, the private equity arm of Lloyds Banking Group, withdrew from talks about a possible investment in the company at the end of April.
Anglo American, up 3.1%, Glencore, up 2.4%, BHP Billiton, up 2.1%, Rio Tinto, up 2.0%, and Antofagasta, up 1.1%. The miners are trading higher after the People's Bank of China cut interest rates for the third time in six months on Sunday to try and reverse an economic slowdown. The central bank said on its website it would lower its benchmark lending rate by 25 basis points to 5.1%. The measure takes effect on Monday. The bank will also cut its one-year benchmark deposit rates by the same amount to 2.25%.
Tesco, up 2.4%. The supermarket chain is preparing to sell its mobile business as part of its efforts to slim its business and reduce its debts, the Financial Times reported Saturday. TalkTalk Telecom Group and 02 are said to be among the bidders. Furthermore, New York-listed consumer research company Nielsen Holdings NV is poised to join the GBP2 billion auction for Tesco's clubcard loyalty scheme Dunnhumby, the Sunday Times reported.
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FTSE 100 LOSERS
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Aberdeen Asset Management, down 1.2%. Societe Generale has cut the asset manager to Hold from Buy.
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FTSE 250 WINNERS
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Lonmin, up 2.2%. The miner said its pretax loss for the first half of the year narrowed despite revenue being hurt by lower commodity prices, as the company focuses on reducing expenditure and costs in preparation for lower prices for a minimum of two years. It reported a pretax loss of USD118 million in the six months ended March 31, narrower than the USD278 million loss in the first half of the 2014 financial year, as a decline in revenue was offset by fewer impairments.
Cairn Energy, up 1.7%. The company said it has submitted a three-year evaluation work plan to the government of Senegal, which, if approved, will allow drilling on a new basin around the SNE-1 discovery well later in 2015 to compliment the existing discoveries in the area and could lead to a resource of over 1.0 billion barrels of oil.
Bodycote, up 1.7%. Citigroup has upgraded the specialty chemicals company to Buy from Neutral.
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FTSE 250 LOSERS
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Diploma, down 3.9%. The controls, seals and medical devices company posted a rise in pretax profit for the first half of its financial year, buoyed by acquisitions, and it increased its interim dividend, saying this expressed its confidence in its growth prospects. However, Numis downgrades Diploma to Hold From Add, following a strong share performance that had driven its price above the broker's target of 843 pence.
Spirax-Sarco Engineering, down 2.9%. The engineer said its organic revenue was up 4% in the first four months of 2015, and its operating profit was also higher even though exchange rate movements reduced its revenue earned overseas by 1.8% when translated into sterling. The company also said the normal seasonal growth in its order book hadn't been as strong in the early months of this year compared with the strong growth it saw early in 2014.
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AIM ALL-SHARE WINNERS
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Forbidden Technologies, up 11%. The company said that it has won a new agreement in the sports post production market which helps underpin its expectations for its current financial year. Financial details of the contract are bound by various confidentiality clauses, but Forbidden said it expects revenue over the lifetime of the contract to be "material" in the context of its previous contracts in this space.
Eco Animal Health Group, up 10%. The company said it has been granted marketing authorisation in the United Arab Emirates for its Aivlosin antibiotic water soluble granuals for poultry, and antiparasitics Ecomectin injection and Ecomectin Horse Paste.
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AIM ALL-SHARE LOSERS
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Daniel Steward Securities, off 20%. The stockbroker and wealth manager's shares are trading lower after in resumed trading in the AIM All-Share index. It said late Friday that it has appointed Beaumont Cornish Ltd as its nominated adviser with immediate effect and plans to raise GBP1 million in a share placing.
Orogen Gold, down 11%. The gold miner said its pretax loss narrowed in 2014 amid fewer impairments and said its focus is on bringing in new partners to spread the costs of developing its projects in a difficult time for junior miners. "We are currently reviewing options for financing the work to be done including the possibility of introducing a project partner," said Chairman Adam Reynolds.
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By Neil Thakrar; neilthakrar@alliancenews.com; @NeilThakrar1
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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