LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday:----------FTSE 100 - WINNERS----------Rightmove, up 4.2%. Shares in the company were rebounding from losses on Friday amid concerns the property portal's agency numbers dropped last year. The stock closed down 2.1% on Friday.----------FTSE 100 - LOSERS----------Rolls-Royce Group Holdings, down 2.5%. The jet engine maker reined in efforts to join a fighter jet programme being developed by Turkey, the Financial Times reported on Sunday. Rolls-Royce had been working with Turkish industrial company Kale Group to bid for the contract to develop the TF-X jet. The jet would have been the first locally made jet in Turkey. However, talks between Rolls-Royce and Turkey were said to have run into issues last year over matters relating to intellectual property sharing and the involvement of a Qatari-Turkish firm. After failing to find a compromise, Rolls-Royce was reported to have "all but abandoned" its efforts to win the contract.----------British American Tobacco, down 0.5%. The Quebec Court of Appeal after the market close on Friday dismissed an appeal by three tobacco companies against a CAD15.60 billion judgement against them in class action lawsuits that have been running for some 20 years. The three companies facing the class action are the wholly-owned subsidiaries of BAT, Philip Morris International, and Japan Tobacco in Canada, being Imperial Tobacco Canada, Rothmans, Benson & Hedges, and JTI MacDonald, respectively.----------FTSE 250 - WINNERS----------Energean Oil & Gas, up 4.8%. The oil and gas company said it has started its 2019 drilling programme in Israel. Energean's programme consists of drilling three development wells at the offshore Karish North prospect. Energean intends to batch drill the top-hole sections of the wells, to allow for operational efficiency and cost savings. Energean has another six drilling options available in its contract with drilling services firm Stena Drilling, following the four-well campaign.----------Syncona, up 3.5%. The life sciences investor said investee company Nightsar Therapeutics has agreed to be acquired by US neuroscience healthcare firm Biogen for USD877 million, giving a 72% internal rate of return to Syncona. Syncona currently holds a 38% stake in Nightstar, and as a result the offer will generate GBP254.6 million in proceeds. Syncona said it will put the proceeds towards building and funding portfolio companies. The acquisition, is expected to be completed in the second quarter of 2019.----------Ted Baker, up 2.6%. The fashion retailer said Chief Executive Officer Ray Kelvin resigned with immediate effect following allegations of misconduct that were made against him. Kelvin took a voluntary leave of absence from his role as CEO of Ted Baker in December last year, after he was accused by the company's staff of forced "hugging" and inappropriate touching and comments. Kelvin has denied all allegations of misconduct. Since then, Ted Baker commissioned the law firm Herbert Smith Freehills to investigate the allegations. It is expected the lawyers will conclude their investigation at the end of the first quarter or early in the second quarter of 2019. Ted Baker said acting Chief Executive Officer Lindsay Page has agreed to continue in this role.----------Senior, up 1.1%. The aerospace and defence engineer hiked its final dividend after profit expanded amid wider margins and higher revenue, with the order book also reported as "strong". In 2018, pretax profit rose 17% to GBP61.3 million from GBP52.2 million the year prior, as revenue rose 5.9% to GBP1.08 billion from GBP1.02 billion the year before. Excluding one-off charges, including those related to acquisitions, pension charges and lawsuits, adjusted pretax profit climbed 14% to GBP83.0 million from GBP73.1 million. Senior proposed a 5.23 pence per share final dividend, up 6.7% from 4.90p the year prior. For the full year the dividend was increased 6.8% to 7.42p from 6.95p the year before. ----------FTSE 250 - LOSERS----------Rotork, down 4.5%. The valve actuators maker cautioned of a slowdown in revenue in 2019 despite posting strong 2018 results. For recent year, Rotork reported pretax profit rose 50% to GBP120.7 million from GBP80.6 million in 2017 and revenue increased 8.3% to GBP695.7 million from GBP642.2 million. Rotork hiked its 2018 dividend by 9.3% to 5.90 pence from 5.40p the prior year. However, Rotork said after "double digit [organic constant currency] growth" in 2018, it was "mindful" of macroeconomic uncertainty, and as such was anticipating slower 2019 revenue growth and modest sales.----------OTHER MAIN MARKET AND AIM - WINNERS----------Daily Mail & General Trust, up 5.0%. The Daily Mail newspaper publisher said the shareholding of the family of Lord Rothermere will increase to 36% from 24% as a result of a planned return of Euromoney Institutional Investor shares to DMGT shareholders and a related DMGT share reduction. The rise in stake is because the Rothmere family will not take part in the Euromoney share return, and will only participate partially in the DMGT share reduction and associated GBP200 million cash return. DMGT said each of its A share holder will receive 0.19933 Euromoney share, plus 68.13p in cash. The company said the number of its A shares will be reduced as part of the capital distributions, on the basis of a reduction of 0.46409 of a share for each existing A share. Euromoney shares were down 4.6% despite its CEO saying the company will benefit from a wider shareholder base.----------OTHER MAIN MARKET AND AIM - LOSERS----------FFI Holdings, down 40%. The film finance and services provider said its two largest units had experienced weaker performances in the second half. As such, the company now expects annual profit to fall as much as half on the year prior. In total, the problems at its Completion Contracts and Insurance Agency units are expected to dent earnings before interest and tax by around USD6 million. For the year ending March, FFI now anticipates underlying Ebit between USD7.5 million and USD11.5 million. This is down between 55% to 31% from the USD16.6 million reported the year prior. For the year ended March 2018, FFI reported pretax profit of USD5.3 million on revenue of USD58.9 million.----------
21 Nov 2019 16:05
