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WINNERS & LOSERS SUMMARY: Centamin Sinks As Lower Output Hurts Profit

Mon, 25th Feb 2019 10:45

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------British American Tobacco, up 1.3%. The cigarette and tobacco manufacturing company will find out whether it has successfully appealed against its class action settlement in Quebec on Friday. The judgement, BAT said, will be handed down by the Quebec Court of Appeal at 0900 GMT. The appeal relates to a CAD15.6 billion, about GBP9.1 billion, fine which three companies were ordered to pay in the summer in 2015. The case, running for over a decade before that, was brought by smokers who alleged BAT, as well as Philip Morris International and Japan Tobacco International, had failed to warn them of the risks associated with smoking. Some CAD10.4 billion of the fine was to be paid by BAT, who appealed the order. ----------AstraZeneca, up 0.7%. The drugmaker's late phase clinical trial for its blockbuster Brilinta cardiovascular drug had met its primary endpoint. The Phase III THEMIS clinical trial saw Brilinta - the brand name of ticagrelor - show a "statistically-significant reduction in a composite of major adverse cardiovascular events" when taken alongside aspirin. This is in contrast to taking aspirin alone. The THEMIS trial - started in early 2014 - included 19,000 patients across 42 countries with coronary artery disease and type-two diabetes who had no history of heart attack or stroke. ----------FTSE 100 - LOSERS----------Persimmon, down 6.0%. The housebuilder's right to sell Help to Buy homes is under scrutiny amid UK government concerns over Persimmon's behaviour. An extension of contracts for the scheme from April 2021 is soon to be reviewed by Housing Secretary James Brokenshire. "James has become increasingly concerned by the behaviour of Persimmon in the last 12 months," a source close to the minister told PA. Launched in 2013, Help to Buy allows buyers to put down a 5% deposit on a newly-built home and get a government equity loan for up to 20%, or 40% in London, of the purchase price. ----------FTSE 250 - LOSERS----------Centamin, down 20%. The gold miner reported a drop in annual earnings on a 13% fall in production. Pretax profit declined to USD152.7 million in 2018 from USD207.4 million a year before, as revenue decreased 11% to USD603.2 million. The gold miner's earnings were hurt by lower gold sales, which fell 10% year-on-year to 484,322 ounces, while the average gold sales price remained broadly unchanged at USD1,267 per ounce. Gold production also declined in 2018 to 472,418 ounces from 544,658 ounces, driven by lower than expected grades from both open pit and underground operations. For 2019, gold production guidance is between 490,000 and 520,000 ounces. Centamin has declared a final dividend of 3.0 cents per share, giving a total payout of 5.5 cents, down from 12.5 cents paid a year ago.----------Provident Financial, down 3.1%. The lender was "disappointed" at the "unsolicited and highly opportunistic" GBP1.3 billion takeover offer from smaller peer Non-Standard Finance, made on Friday. Having considered the offer over the weekend, Provident said the terms "do not reflect" the underlying value of the company and the "upside potential" of its businesses. Provident has advised its shareholders to take no action but has acknowledged the "indications provided" in favour of the deal by its largest shareholders, Woodford Investment Management UK, Invesco Ltd, and Marathon Asset Management LLP UK. Combined they hold over 50% of Provident.----------OTHER MAIN MARKET AND AIM - WINNERS----------Baron Oil, up 47%. The exploration company said the Colter well, offshore North Sea, has been drilled as a vertical well with the Ensco-72 jack-up rig and has reached a total depth of 1,870 meters. Baron Oil holds 8% interest in Colter prospect. "The initial well bore has given valuable information on the potential of the Colter south prospect, which will be integrated into our existing analysis of the structure in this area. We are now moving forward with the side-track into the Sherwood Sandstone reservoir in our main Colter prospect target," said Chief Executive & Chair Malcolm Butler.----------Tekcapital, up 27%. The UK intellectual property investor said net asset value per share stood at USD0.30 at the end of November compared to USD0.25 the year prior, representing a 20% increase. The company highlighted that it is progressing "very well" but its NAV "will fluctuate from period to period" due to individual portfolio company performance and market conditions. Tekcapital's portfolio valuation almost doubled to USD13.7 million from USD7.3 million. Tekcapital's pretax profit increased 9.5% to USD4.6 million from USD4.2 million on a 29% reduction in operating expenses to USD1.7 million. Going forward, Tekcapital said it is exploring a potential investment in cannabidiol intellectual properties to "address current market demand".----------RTC Group, up 16%. The recruitment company reported a 58% increase in pretax profit to GBP1.9 million for the year to the end of December 2018 from GBP1.2 million the year before, as revenue rose 22% to GBP87.8 million from GBP71.7 million. RTC proposed a final dividend of 2.55 pence a share, taking the total payout to 3.85p, up 10% year-on-year. "We have also strengthened our balance sheet and I believe our group is in a robust financial position, is making significant progress with its strategic agenda and the board remains highly optimistic about its future," said Chief Executive Andy Pendlebury.----------OTHER MAIN MARKET AND AIM - LOSERS----------Independent Oil & Gas, down 8.0%. The development and production company continues to focus on reaching final investment decision on its Core project, offshore North Sea. The company believes that this deal could significantly reduce the new capital required for the development of SNS gas fields. Management expects to select a preferred partner in the first half of 2019, with first gas planned to be delivered within 20 months of final investment decision. "We focus on securing an attractive transaction which would fundamentally reduce our further funding needs for final investment decision," said Chief Executive Andrew Hockey.----------President Energy, down 5.9% to 8.15p. The oil & gas company has launched an offer for subscription to fund its expansion programme in Rio Negro. President Energy intends to issue 81.3 million shares at a price of 8p each, raising GBP6.5 million. "The proceeds of this offer will place the company in an even better position not just to develop but to accelerate the multiple opportunities available to us to progress our newly expanded portfolio in the Neuquen basin," explained Chair Peter Levine.----------

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13 Jun 2023 11:18

IOG sees shares rise as North Sea well sees first gas after delays

(Alliance News) - IOG PLC on Tuesday finally confirmed first gas at its Blythe H2 well in the North Sea, after a suspected mechanical blockage and well control event caused delays in bringing the project onstream.

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13 Jun 2023 09:58

AIM WINNERS & LOSERS: IOG up as first gas delivered at Blythe H2 well

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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7 Jun 2023 12:18

LONDON MARKET MIDDAY: Cautious trade as focus turns to rate decisions

(Alliance News) - Stock prices in London were mostly lower at midday on Wednesday, though large-cap indices eked out a gain, as investors looked ahead to a busy two weeks for central bank rate decisions.

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7 Jun 2023 10:36

AIM WINNERS & LOSERS: IOG says gas flow at Blythe lower than expected

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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7 Jun 2023 09:26

IOG reports suspected downhole mechanical blockage in Blythe H2 well

(Alliance News) - IOG PLC on Wednesday reported a constrained maximum gas rate at the Blythe H2 well in the North Sea.

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15 May 2023 12:20

IN BRIEF: IOG shares up as expects to start first gas at Blythe H2

IOG PLC - UK-focused offshore gas developer - Says the Blythe H2 well control event encountered from the Hauptdolomit is successfully isolated without any need to sidetrack the well. Says the H1 will be shut in once the H2 well is fully on stream, but will remain available for production. IOG says the first gas from the Blythe H2 well is expected to start by the end of the second quarter.

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15 May 2023 10:45

AIM WINNERS & LOSERS: Lexington buys stake in Witwatersand gold fields

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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15 May 2023 09:19

LONDON MARKET OPEN: Currys outperforms; Wood Group plummets

(Alliance News) - Stock prices in London opened higher on Monday, as a strong performance from mining stocks helped to bolster a cautious optimism, despite concerns over the potential of a US debt default.

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2 May 2023 20:16

TRADING UPDATES: Knights Group buys St James Law and Baines Wilson

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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25 Apr 2023 15:52

UK shareholder meetings calendar - next 7 days

Wednesday 26 April 
Alfa Financial Software Holdings PLCAGM
Allianz Technology Trust PLCAGM
Anglo American PLCAGM
Breedon Group PLCAGM
Breedon Group PLCCourt Meeting and GM re approval to move to the Main Market
Bunzl PLCAGM
Corcel PLCAGM
Croda International PLCAGM
Drax Group PLCAGM
Elementis PLCAGM
Global Invacom Group LtdAGM
Lancashire Holdings LtdAGM
Kazera Global PLCAGM
Metro Bank PLCAGM
Mobius Investment Trust PLCAGM
Nichols PLCAGM
One Media IP Group PLCAGM
Persimmon PLCAGM
RIT Capital Partners PLCAGM
Trian Investors 1 LtdEGM re share redemption
Trian Investors 1 LtdAGM
Thursday 27 April 
Admiral Group PLCAGM
AFC Energy PLCAGM
Alliance Trust PLCAGM
AstraZeneca PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Dial Square Investments PLCAGM
F&C Investment Trust PLCAGM
Flutter Entertainment PLCAGM
Gresham House Renewable Energy VCT 1 PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
Helios Towers PLCAGM
Ibstock PLCAGM
International Personal Finance PLCAGM
Kerry Group PLCAGM
London Stock Exchange Group PLCAGM
Pershing Square Holdings LtdAGM
Quixant PLCAGM
Robert Walters PLCAGM
Schroders PLCAGM
Serco Group PLCAGM
STV Group PLCAGM
Synectics PLCAGM
Taylor Wimpey PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 28 April 
AQRU PLCAGM
Audioboom Group PLCAGM
BBGI Global Infrastructure SAAGM
Everest Global PLCAGM
GetBusy PLCAGM
Greencoat Renewables PLCAGM
Greencoat UK Wind PLCAGM
Hikma Pharmaceuticals PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
Kingspan Group PLCAGM
Minoan Group PLCAGM
Pearson PLCAGM
Rotork PLCAGM
Shanta Gold LtdAGM
Smurfit Kappa Group PLCAGM
Symphony International Holdings LtdAGM
Monday 1 May 
no events scheduled 
Tuesday 2 May 
Carr's Group PLCGM re annual report and directors remuneration report
CVC Income & Growth LtdAGM
IOG PLCAGM
Ocado Group PLCAGM
Plus500 LtdAGM
  
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25 Apr 2023 14:53

EXECUTIVE CHANGES: SulNOx shareholder wants chair and CEO out

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

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18 Apr 2023 11:06

AIM WINNERS & LOSERS: Echo Energy production falls and cash runs short

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18 Apr 2023 10:30

IOG encounters well control challenge after drilling Blythe H2 well

(Alliance News) - IOG PLC on Tuesday said it encountered a well control challenge after drilling at the Blythe H2 well, which could impact the well's expected duration by up to four weeks.

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16 Mar 2023 14:48

EARNINGS UPDATES: Gym Group and PensionBee annual losses narrow

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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6 Mar 2023 10:57

IOG sets out Blythe H2 well drilling timetable after recent spudding

(Alliance News) - IOG PLC on Monday said it successfully spudded it Blythe H2 well on Sunday, adding it expects to take around three months to drill, complete and hook-up the well.

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