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Share Price Information for Hikma Pharmaceuticals (HIK)

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Share Price: 1,958.00
Bid: 1,963.00
Ask: 1,965.00
Change: -36.00 (-1.81%)
Spread: 2.00 (0.102%)
Open: 2,004.00
High: 2,004.00
Low: 1,958.00
Prev. Close: 1,994.00
HIK Live PriceLast checked at -

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UPDATE 1-Construction, pharma, gold miners seen as Europe's top Trump trades

Wed, 09th Nov 2016 14:03

(Adds extra companies)

LONDON, Nov 9 (Reuters) - Global markets reacted onWednesday with concern to Donald Trump's surprise victory in theU.S. presidential election, but construction, pharma and goldmining stocks emerged as big winners in the European tradingsession.

Gains in those three sectors helped pull European stocks off their early lows that had followed a slump in WallStreet futures. The European index had been expected to open asmuch as 4 percent lower on the election outcome but in the endwas only down about two percent at the outset.

At 1358 GMT the index was down 0.4 percent.

Healthcare stocks were the biggest outperformers, up2.8 percent, followed by basic resources, up 2.4percent, and construction and materials, up 1.2 percent.

The STOXX 600 was down 0.6 percent by midday trading.

Markets had expected Democrat contender Hillary Clinton towin the election rather than Trump, a political outsider with noexperience of public office. Growth-sensitive shares such asautos, financial and travel shares all came under pressure fromthe uncertainty over what a Trump presidency will look like.

Stocks with substantial revenue exposure to the Mexicanpeso, and some with U.S. exposure, were also hit as bothcurrencies have come under pressure.

However, stocks of companies with American exposure thatstand to benefit from Trump's spending plans are seeing a lift.And those that have costs in pesos, rather than derive revenuesfrom Mexico, are also "winners" from the election result.

TRUMP WINNERS

* FRESNILLO - Gold miners are safe-haven playswhich benefit in times of uncertainty. Fresnillo is in additiona Mexico-based, London-listed, dollar-earning company. As suchthe 13 percent slide in the peso provided another lift toFresnillo. Its shares were up 9 percent on Wednesday, the topSTOXX 600 gainer.

* BAE SYSTEMS - Trump's non-committal stance onsupporting NATO allies might prompt increased defence spendingin Europe. Societe Generale picked out BAE Systems as a stockthat could benefit, and say that the sector is at a 5 percentdiscount to the European market and a 20 percent discount to theU.S. defence sector. The stock rose over 3 percent to anall-time high.

* HIKMA, BB BIOTECH - Pharmaceuticals hadbeen inversely correlated with the chances of a Clintonpresidency, as she has proposed higher regulation of pricing inthe sector. Hikma and BB Biotech were both up over 7 percentafter Trump won. Barclays had picked out Hikma as a beneficiaryif Trump won ahead of the election, deriving around half of itsrevenues from the United States. Shire and Novo Nordisk also rallied strongly.

* CRH - The construction firm hit a nine-year highon Wednesday as Trump has pledged to boost infrastructurespending. Trump's acceptance speech, which struck a conciliatorynote and avoided reference to controversial policies mentionedon the campaign trail, reiterated his commitment to increasedinfrastructure spending. CRH derives 50 percent of its revenuesfrom the United States.

* ASHTEAD - Ashtead is identified by Deutsche Bankas the European firm with the highest exposure to increasedinfrastructure spending in the United States, with 84 percent ofits revenues derived there.

* HEIDELBERGCEMENT - Heidelbergcement has said itsees benefits in the medium term from a Trump presidency, eventhough investment might be delayed in the short run. It isexpected to benefit from increased infrastructure spending, andwas up 2.4 percent.

TRUMP LOSERS

* BBVA - BBVA is identified by Credit Suisse andSociete Generale as the European bank most exposed to Mexico,from where it derives around 30 percent of its revenues. Thestock would suffer if Trump got into power and scrapped theNorth American Free Trade Agreement, as he has pledged to do.BBVA was down 8.8 percent, its biggest one-day fall since theBrexit vote.

* TATE AND LYLE - Tate & Lyle fell 9 percent, andhas 10 percent exposure to the peso. BNP Paribas downgraded thestock to "underperform" on Wednesday, saying that its Mexicanexposure would weigh on sentiment and profits.

* VESTAS WIND - Renewable energy firms took apounding on concern that President-Elect Trump will cut supportto the sector as he looks to promote coal and other fossilfuels. Vestas derives 40 percent of its revenue from the UnitedStates, per Barclays, and was down 7.2 percent.

* NESTE - Concerns over Trump's approach to theenergy sector also hit Neste. The Finnish renewable diesel makerfell 6.2 percent as the dollar weakened, with concern mountingthat Trump would tweak a tax break for biofuels.

* HEINEKEN, AB INBEV - Brewers Heinekenand AB InBev have substantial exposure to emerging markets likeMexico. Even though food and beverage stocks are seen broadly asdefensive, these two stocks were down over 4 percent.

* DSV - Cantor Fitzgerald highlight transport andlogistics stocks as being at risk should a Trump presidencyresult in a slowdown in global trade. "The risk for the largerglobal freight forwarding operators... is that trade is impededwith new barriers, particularly with China." Denmark's DSV wasdown 3 percent. (Reporting by Alistair Smout; Editing by Gareth Jones)

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21 Apr 2022 16:06

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21 Apr 2022 14:37

IN BRIEF: Hikma Pharmaceuticals completes Custopharm deal

Hikma Pharmaceuticals PLC - London-based generic drugmaker - Completes acquisition of Custopharm Inc from Water Street Healthcare Partners, following approval from the US Federal Trade Commission. Back in September, Hikma agreed to buy the California-based generic injectable products company for a total of up to USD425 million. Deal will add up to 13 approved products and additional pipeline products.

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20 Apr 2022 09:16

IN BRIEF: Hikma gets preliminary US approval for Custopharm acquisition

Hikma Pharmaceuticals PLC - London-based generic drugmaker - Receives preliminary approval from the US Federal Trade Commission for its planned acquisition of Custopharm Inc. Back in September, Hikma agreed to buy the California, US-based generic injectable products company for a total of up to USD425 million.

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20 Apr 2022 07:39

Hikma gets preliminary approval from US FTC for Custopharm deal

(Sharecast News) - Hikma Pharmaceuticals has received preliminary approval from the US Federal Trade Commission for the acquisition of sterile injectables company Custopharm Inc from Water Street Healthcare for up to $425m.

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12 Apr 2022 10:11

LONDON BROKER RATINGS: JPMorgan lowers Rolls-Royce; UBS likes Ryanair

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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3 Mar 2022 10:02

LONDON BROKER RATINGS: Downgrades for Hikma Pharma and Royal Mail

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3 Mar 2022 08:28

LONDON BRIEFING: LSEG says Refinitiv savings bigger, ahead of schedule

(Alliance News) - London Stock Exchange Group on Thursday said 2021 was a successful year following the acquisition of Refinitiv, leaving the stock exchange operator well positioned as a financial market infrastructure and data business.

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LONDON BROKER RATINGS: Downgrades for AB Foods, BT and Royal Mail

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25 Feb 2022 09:40

IN BRIEF: Hikma Pharmaceuticals launches first phase of share buyback

Hikma Pharmaceuticals PLC - London-based generic drugmaker - Instructs Citigroup Global Markets Ltd, part of Citigroup Inc, to conduct the USD150 million first tranche of the USD300 million share buyback that it announced on Thursday. The initial phase will begin on Friday and end by June 25. Hikma had announced the buyback programme with its annual results, saying it reflected its strong cash generation, balance sheet strength, and confidence in future growth prospects. Hikma also had declared a final dividend of 36 cents, a 5.9% boost from a shareholder payout of 34 cents the year before. Its full-year dividend amounted to 54 US cents, up 8.0% from 50 cents.

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25 Feb 2022 08:22

LONDON BRIEFING: IAG expects to fly 85% of pre-virus capacity in 2022

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24 Feb 2022 10:31

TOP NEWS: Hikma Pharmaceutical records revenue growth and lifts payout

(Alliance News) - Hikma Pharmaceutical PLC on Thursday reported full-year revenue growth on a "strong" performance by its three business segments and lifted its shareholder payout.

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24 Feb 2022 07:58

Hikma Pharmaceutical delivers year of 'solid growth' and 'strategic momentum'

(Sharecast News) - Drugmaker Hikma Pharmaceutical said on Thursday that it had delivered another successful year of "solid growth and continued strategic momentum", with both revenue and operating profits improving year-on-year.

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24 Feb 2022 07:50

LONDON MARKET PRE-OPEN: Share buybacks for Lloyds Banking and Hikma

(Alliance News) - Stock prices in London are seen opening sharply lower, with the FTSE 100 called down almost 200 points, amid fear of a full-scale war in eastern Europe after Russia announced the beginning of a military operation in Ukraine.

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