LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.
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FTSE 100 - LOSERS
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Barclays, down 1.3%. The US Department of Justice filed a civil complaint in the Eastern District of New York against Barclays Bank and several of its US affiliates, alleging that Barclays engaged in a fraudulent scheme to sell residential mortgage-backed securities supported by defective and misrepresented mortgage loans. According to the lawsuit, from 2005 to 2007, Barclays personnel repeatedly misrepresented the characteristics of the loans backing securities they sold to investors throughout the world, who incurred billions of dollars in losses as a result of the fraudulent scheme. Barclays said it rejected the claims made in the complaint. "Barclays considers that the claims made in the complaint are disconnected from the facts. Barclays will vigorously defend the complaint and intends to seek its dismissal at the earliest opportunity," the bank said. Banking peers HSBC Holdings was down 1.1% and Standard Chartered down 1.0%.
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FTSE 250 - WINNERS
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PayPoint, up 2.0%. The payments firm said it has agreed the sale of its loss-making Mobile Payments business and will return proceeds from the divestment to shareholders via a special dividend. PayPoint has sold the business to Volkswagen Financial Services, a unit of German carmaker Volkswagen, for GBP26.5 million in cash. From those proceeds, PayPoint will pay a 38.90 pence per share special dividend to shareholders on January 11. PayPoint said its Mobile Payments arm is currently performing better than previously anticipated, but the sale is in line with its strategy of narrowing its focus on multi-channel payments services in regions where it has retail networks in place.
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Vectura Group, up 1.9%. The respiratory medicines maker said it has signed a development and licence agreement for its VR2076 asthma treatment with European pharmaceuticals firm Mundipharma International Corp. Vectura and Mundipharma signed a feasibility and option agreement in December 2015 and, after successful completion of this agreement, the pair have decided to exercise the option to develop VR2076, initially for asthma. The exercise of the option triggers a EUR1.5 million milestone payment to Vectura.
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MAIN MARKET AND AIM - WINNERS
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Vast Resources, up 44%. After the London close on Thursday, the miner said it was granted two new prospecting licences in Romania, expanding its mineral footprint in the country. The two licences, the Piciorul Zimbrului and Magura Neagra licences, are both located in the Bistrita-Nasaud county of Romania. Previous exploration has demonstrated both licences' prospectivity for polymetallic mineralisation, Vast said.
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South African Property Opportunities, up 29%. The property investor said it has agreed to sell its remaining assets and secured the final payment on the sale of its African Renaissance asset, with all funds to be returned to shareholders in line with the fund's winding down. South African Property agreed to sell the African Renaissance Project for ZAR70 million in July 2015. On Friday, it said the final ZAR40.0 million instalment for the sale has been received. In addition, the fund has agreed to sell its remaining assets for ZAR60.0 million to an unnamed buyer. This will be paid in three instalments, with the first ZAR25.0 million already received, ZAR11.0 million due by the end of February 2017, and the final ZAR24.0 million to be paid by the end of June 2017.
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REACT Energy, up 13%. The clean energy project developer reported a wider annual loss but expressed confidence on its outlook after securing financing. REACT reported a pretax loss of EUR1.5 million for the financial year ended June 30, widended from a loss of just EUR91,214 in the prior year. REACT noted post-period it increased and extended its existing loan facility with Spanish-listed industrial engineering group EBIOSS, to a total EUR1.4 million from EUR600,000, in order to cover its working capital requirements. After securing the financing, "the company now has the potential to take advantage of the opportunities presenting themselves in the UK energy from waste market and in turn advance its pipeline of projects throughout the UK," said Gerry Madden, chief executive of REACT.
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MAIN MARKET AND AIM - LOSERS
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Graphene NanoChem, down 40%. The graphene products maker returned to trading on AIM after agreeing to issue up to GBP2.5 million in convertible loan notes under an agreement with Darwin Capital. Shares in the firm had been suspended when it delayed publication of its 2015 accounts and underwent a debt reorganisation earlier this year. The notes are convertible at a price of the lesser of 18.40 pence per share or 90% of the average of five daily average share price calculations selected by Darwin from the 20 trading days prior to conversion. Shares in the firm were quoted at 8.839p Friday.
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By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
UK dividends calendar - next 7 days
Friday 15 December | |
Airtel Africa PLC | dividend payment date |
Asia Dragon Trust PLC | dividend payment date |
Craneware PLC | dividend payment date |
Games Workshop Group PLC | ex-dividend payment date |
Gattaca PLC | special dividend payment date |
Gattaca PLC | dividend payment date |
GCP Asset Backed Income Fund Ltd | dividend payment date |
Hargreaves Lansdown PLC | dividend payment date |
Henderson Opportunities Trust PLC | dividend payment date |
J Sainsbury PLC | dividend payment date |
James Halstead PLC | dividend payment date |
Kainos Group PLC | dividend payment date |
Lancashire Holdings Ltd | special dividend payment date |
Pershing Square Holdings Ltd | dividend payment date |
Scottish American Investment Co PLC | dividend payment date |
Scottish Mortgage Investment Trust PLC | dividend payment date |
ScS Group PLC | dividend payment date |
Telecom Plus PLC | dividend payment date |
Triple Point Social Housing REIT PLC | dividend payment date |
Urban Logistics REIT PLC | dividend payment date |
Utilico Emerging Markets Trust PLC | dividend payment date |
Wincanton PLC | dividend payment date |
Witan Investment Trust PLC | dividend payment date |
Monday 18 December | |
Atrato Onsite Energy PLC | dividend payment date |
CT UK Capital & Income Investment Trust PLC | dividend payment date |
New Star Investment Trust PLC | dividend payment date |
Tuesday 19 December | |
BP PLC | dividend payment date |
Softcat PLC | dividend payment date |
Volution Group PLC | dividend payment date |
Wednesday 20 December | |
abrdn Asia Focus PLC | dividend payment date |
abrdn Asia Focus PLC | special dividend payment date |
Baillie Gifford Japan Trust PLC | dividend payment date |
Blackrock Greater Europe Investment Trust PLC | dividend payment date |
London Finance & Investment Group PLC | dividend payment date |
Schroder BSC Social Impact Trust PLC | dividend payment date |
Shell PLC | dividend payment date |
Thursday 21 December | |
abrdn Diversified Income & Growth PLC | ex-dividend payment date |
abrdn Private Equity Opportunities Trust PLC | ex-dividend payment date |
Alpha Financial Markets Consulting PLC | dividend payment date |
British & American Investment Trust PLC | dividend payment date |
British American Tobacco PLC | ex-dividend payment date |
Britvic PLC | ex-dividend payment date |
CML Microsystems PLC | ex-dividend payment date |
Diverse Income Trust PLC | ex-dividend payment date |
Dunedin Enterprise Investment Trust PLC | ex-dividend payment date |
Halma PLC | ex-dividend payment date |
HSBC Holdings PLC | dividend payment date |
IntegraFin Holdings PLC | ex-dividend payment date |
International Biotechnology Trust PLC | ex-dividend payment date |
J Smart & Co (Contractors) PLC | ex-dividend payment date |
JPMorgan Japanese Investment Trust PLC | ex-dividend payment date |
JPMorgan Multi-Asset Growth & Income PLC | ex-dividend payment date |
Mercantile Investment Trust PLC | ex-dividend payment date |
Montanaro European Smaller Companies Trust PLC | ex-dividend payment date |
Pharos Energy PLC | ex-dividend payment date |
STS Global Income & Growth Trust PLC | ex-dividend payment date |
Topps Tiles PLC | ex-dividend payment date |
Triple Point Energy Transition PLC | ex-dividend payment date |
United Utilities Group PLC | ex-dividend payment date |
VPC Specialty Lending Investments PLC | dividend payment date |
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