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Share Price: 171.60
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UK WINNERS & LOSERS SUMMARY: Ocado Shares Up; Big AIM Risers Amid M&A

Mon, 02nd Nov 2020 11:01

(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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Ocado Group, up 8.3%. The online retailer boosted earnings guidance and unveiled two acquisitions. For the financial year to the end of November, Ocado has raised its Ebitda guidance and expects the figure to be over GBP60 million, compared to previous guidance of GBP40 million. This means a minimum of a 39% rise from GBP43.3 million the year before.

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J Sainsbury, up 2.6%, Tesco, up 2.4% and Just Eat Takeaway, up 2.9%. The trio are among those tipped to benefit from the latest UK lockdown. Ahead of the Spring lockdown, grocers were boosted by consumer stockpiling and food delivery firms like Just Eat Takeaway, received a helpful tailwind from restaurant restrictions that banned in-dining. Supermarkets will be allowed to stay open during the upcoming lockdown in England, and restaurants will be allowed to sell food for takeaway and delivery.

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FTSE 100 - LOSERS

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JD Sports Fashion, down 3.7%, and International Consolidated Airlines Group, down 2.9%. The non-essential retail sector will be forced to close high street units as a result of lockdown measures, hurting JD Sports, while the British Airways owner IAG will see already low levels of demand for international travel take a further hit due to the new restrictions, which ban overnight travel for non-essential reasons.

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FTSE 250 - WINNERS

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Carnival, up 6.9%. US health authorities late Friday issued a detailed set of requirements that would allow cruise ships to resume services as early as next month. The requirements for a "phased resumption" of cruise ship passenger operations were released by the US Centers for Disease Control & Prevention. This would include "simulated voyages to test cruise ship operators' ability to mitigate Covid-19 risk," the CDC said.

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FTSE 250 - LOSERS

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Serco, down 12%. The outsourcer was dealt a blow as the UK's Ministry of Defence renationalised the Atomic Weapons Establishment. AWE was managed by a joint-venture with Lockheed Martin and Jacobs since 2000. Serco and Jacobs each had a 24.5% stake in AWE and Lockheed 51%.

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Ibstock, down 6.2%. Deutsche Bank cut the brick maker to Hold from Buy.

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OTHER MAIN MARKET AND AIM - WINNERS

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Horizon Discovery, shares more than doubled. The life sciences firm agreed to a GBP296 million takeover from PerkinElmer, or 185 pence per share. Horizon shares closed at 88.8p on Friday. PerkinElmer has received irrevocable undertakings in respect to 21% of Horizon shares.

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LiDCO Group, up 71%. The medical devices firm agreed to a GBP31.1 million takeover from Masimo LHC. The 12p per share offer price is a 78% premium to LiDCO's 6.75p closing price on Friday. Masimo has received the support of 38% of LiDCO shares so far.

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OTHER MAIN MARKET AND AIM - LOSERS

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Pathfinder Minerals PLC, down 26%. Says the prospects of settling a dispute over a Mozambique licence with its former partners "have diminished" and company may seek recourse against the government of Mozambique. Pathfinder asserts Mozambique "acted improperly" and had no legal right to take away the licences from the company back in 2011.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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