LONDON (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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Aberdeen Asset Management, up 4.7%. The Financial Times on Sunday said the group has started sounding out potential buyers for the company as the emerging-markets-focused fund manager attempts to stem a recent slump in profitability, its share price and its assets under management. People familiar with the process said Martin Gilbert, the chief executive of the company, had made informal approaches to a number of rivals in recent months, the newspaper said. Gilbert, who also founded the business, declined to comment to the FT. A spokesman for Aberdeen denied the reports to multiple media outlets on Monday.
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FTSE 100 - LOSERS
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WPP, down 2.2%. The advertising and media-buying company reported a rise in revenue for the third quarter of 2015, and said that whilst it is still in the process of reviewing its forecasts, early indications are that its revenue and net sales in the fourth quarter will be ahead of the first nine months. WPP said in the quarter to end-September that its total revenue rose 5.9% to GBP2.93 billion from GBP2.76 billion a year before, and was up 7.9% at constant exchange rates. WPP said that in constant currency it saw revenue growth in all regions and business sectors, particularly North America, the UK, and Asia Pacific, Latin America, Africa and the Middle East and Central and Eastern Europe.
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FTSE 250 - WINNERS
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Senior, up 4.8%. The manufacturing company, which makes components for the aerospace and automotive industries, was upgraded to Buy from Hold by Investec as the broker said the company is currently undervalued. Investec said while the growth story for Senior has paused, the company's programme positions, operational flexibility, consistent cash generation and strong balance sheet are attractive and undervalued at current share price levels.
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FTSE 250 - LOSERS
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TalkTalk Telecom Group, down 7.3%. The telecommunications company was still suffering from the cyber attack it faced last week which resulted in the data of its customers being breached. TalkTalk said over the weekend the volume of financial information of its customers accessed it now expected to be "materially" lower than originally anticipated and said the data breached would not be enough on its own for a criminal group to target its customers. The Financial Times, however, reported TalkTalk is facing mounting calls to pay compensation amid claims criminals have already started to target its customers. TalkTalk also said it has hired BAE Systems, the defence contractor, to help it in dealing with the aftermath of the hack.
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MAIN MARKET AND AIM - WINNERS
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Europa Oil & Gas (Holdings), up 11%. The company said it has had its three prospects offshore Ireland independently valued at USD7.0 billion. The three prospects on the FEL 3/13 licence in the Porcupine basin offshore Ireland has been valued by ERC Equipoise, which have stuck a non-risked net present value of USD7.00 billion on the prospects and a risked net present value of USD1.10 billion. Europa currently holds a 15% stake in the licence, but is currently awaiting for Irish government approval to take back a 100% interest in the licence after its partner Kosmos Energy Ireland pulled out earlier this year.
Plant Impact, up 6.9%. The agricultural bioscience company said its pretax loss narrowed in the year to the end of July as it increased its revenue and expanded sales of its Veritas product across the Brazilian soy market. Plant Impact said its pretax loss in the year to July 31 was GBP249,000, compared to a GBP853,000 loss made a year earlier, as total revenue for the company rose to GBP4.5 million in the year, up from GBP2.5 million. The company said it flagship soybean foliar spray, Veritas, led the revenue increase thanks strong growth in Brazil, with the product now being sold to all sow-growing regions in Brazil. The technology is now undergoing field tests outside Brazil and technical trials are currently progressing for the company's second and third crop enhancement products for soy.
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MAIN MARKET AND AIM - LOSERS
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Trinity Exploration & Production, down 17%. The oil and gas company said Chief Executive Joel Pemberton has resigned and will leave his position at the end of 2015. His resignation comes amid the pending sale of all of Trinity's onshore assets and as the group refocuses its attention on its offshore activities. Bruce Dingwall will become executive chairman, effective immediately.
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By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
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