International Airlines Share News (IAG)

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------International Consolidated Airlines Group, up 4.5%, easyJet, up 4.4%. TUI, up 3.5%. The travel stocks were higher after the European Union granted the UK a six month Brexit extension. Under the terms of the agreement, the UK can leave at any time if the Withdrawal Agreement reached last November is ratified by the UK parliament. "The UK travel sector reacted well to the news that Brexit has been pushed back by six months, as easyJet, International Consolidated Airlines and TUI are some of the biggest gainers on the FTSE 100," said CMC Markets analyst David Madden.----------FTSE 100 - LOSERS----------ITV, down 5.0%, Standard Life Aberdeen, down 4.9%, Aviva, down 4.2%. The stocks went ex-dividend meaning new buyers no longer qualify for the latest dividend payout.Fresnillo, down 3.9%. The Mexican gold miner reported a drop in first quarter output, while it has also approved the Juanicipio project. Gold production in the first three months of 2019 was 211,100 ounces, 8.8% lower year-on-year and 9.0% down on the last quarter of 2018. Fresnillo said gold output fell due to lower ore processing at the Noche Buena mine and a slow recovery of leaching pads at Herradura, as well as declines in output at other mines in Mexico. Silver production for the quarter was 13.1 million ounces, 15% lower year-on-year and on the prior quarter. Fresnillo attributed this to lower ore grades at throughput at the Fresnillo mine, as well as lower ore processing volumes and lower grades at the San Julian and Saucito mines.Marks & Spencer, down 2.2%. Credit Suisse downgraded the food, clothing and homewares retailer to Underperform from Neutral. Ocado Group, down 2.0%. HSBC cut the online grocer to Reduce from Hold.----------FTSE 250 - WINNERS----------IWG, up 3.9%. Peel Hunt raised the office space provider to Buy from Hold. Grafton Group, up 2.5%. The building products supplier has grown its presence in the Netherlands with a EUR131 million acquisition. Grafton has purchased Polvo BV from Pallieter Group on a debt and cash free basis. Polvo is a "top three leading business" in the ironmongery, tools, ventilation systems, fixings, and related products markets in the Netherlands, said FTSE 250 Grafton. Polvo will help expand Grafton's subsidiary Isero's presence in the country, with the combined businesses having revenue of over EUR300 million and trading from 113 branches.Dixons Carphone, up 2.4%. Barclays restarted coverage on the mobile phone and electrical goods retailer at Overweight. ----------FTSE 250 - LOSERS----------Ultra Electronics, down 3.5%, Savills, down 1.8%. The stocks went ex-dividend. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Scapa Group, up 12%. The adhesive products maker said it expects to deliver "record" revenue and trading profit, with annual results set to meet market expectations. For its year ended March 31, Scapa has guided for revenue to rise 7% to GBP311.8 million from GBP291.5 million a year prior. Revenue in the Healthcare division grew 22% on a continuing basis in the year, including the impact of the BioMed and Systagenix acquisitions. Organic revenue is expected down 3.6% for the year despite rising 5.1% in the second half. "Since successfully completing the acquisition of Systagenix, the business has performed ahead of expectations, both in revenue and profit," Scapa said. ----------OTHER MAIN MARKET AND AIM - LOSERS----------7Digital Group, down 35%. The digital music platform said an investor redeemed certain loan notes early and, as a result, the company requires "material" funding by June or is unlikely to be able to continue as a going concern. 7Digital said the outstanding notes being redeemed amount to GBP352,570, which had a maturity date of December 31. The amount is the balance of a GBP500,000 tranche, the remainder of which was converted into shares in the company in February. The company noted there is still GBP250,000 outstanding to another loan note holder.----------