Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIRG.L Share News (IRG)

  • There is currently no data for IRG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

CORRECT: WINNERS & LOSERS: Ex-Dividend Companies Weigh On Indices

Thu, 25th Jun 2015 10:31

(An item published at 1115 BST incorrectly stated Centrica had gone ex-dividend Thursday. The correct version follows.)

 

LONDON (Alliance News) - The following stocks are amongst the biggest risers and fallers within the main London indices midday Thursday.
-------
FTSE 100 WINNERS
-------
Barratt Developments, up 1.1%. Jefferies raises the housebuilder's price target to 677.00 pence from 575.00p and reiterates its Hold rating. The company currently trades at 625.00p.

Tesco, up 0.8%. Private equity houses Affinity Equity Partners, Carlyle Group and CVC Capital Partners are understood to be among the preliminary bidders for Tesco's South Korean business, Reuters reports. Reuters, citing a report in the Korea Economic Daily, said MBK Partners, Goldman Sachs Principal Investment Area, TPG and snack maker Orion Corp also are involved in the bidding.

Capita, up 0.7%. Jefferies has raised its price target for the outsourcer to 1,445.00p from 1,300.00p, reiterating its Buy rating. The company currently trades at 1,270.00p.
-------
FTSE 100 LOSERS
-------
United Utilities, down 3.2%, Compass Group, down 1.2%, and Experian, down 1.1%. The companies are down after going ex-dividend, meaning new buyers no longer qualify for the latest dividend payout.

Admiral Group, down 2.0%. The insurer has been cut to Sell from Neutral by Citigroup.
-------
FTSE 250 WINNERS
-------
Petrofac, up 4.2%. The oil services company has been upgraded by Nomura to Buy from Neutral.

DS Smith, up 2.9%. The packaging company said its pretax profit rose in its financial year to the end of March as it managed to bring down its cost of sales sufficiently to offset lower revenue and said it has struck a EUR190 million deal to acquire a new corrugated packaging operation in Spain.

Bovis Homes Group, up 1.7%. Jefferies raises the housebuilder's price target to 1,449.00p from 1,247.00p, reiterating its Buy rating. Bovis currently trades at 1,136.21p.

Go-Ahead Group, up 1.4%. The transport operator said its forecasts for the year remain unchanged as it said it expects revenue growth across its rail and bus operations, despite a decline in passenger journeys in the latter business. Go-Ahead said it expects revenue for the financial year to June 27 in its regional bus operations to grow by 3%, despite expecting a 1% decline in passenger journeys on its services. It said both revenue and passenger journeys slowed in the fourth quarter given the ongoing economic weakness in the north east of England and the impact of roadworks in the Oxford and Brighton areas.
-------
FTSE 250 LOSERS
-------
Electrocomponents, down 3.8%, Paypoint, down 2.8%, JD Sports Fashion, down 2.6%, MITIE Group, down 2.3%, and Mercantile Investment Trust, down 1.5%. The companies trade lower after going ex-dividend.
-------
AIM ALL-SHARE WINNERS
-------
Daniel Stewart Securities, up 40%. The investment bank said it has raised GBP1.2 million through a cash subscription with investors, higher than originally intended. In a statement, the investment bank said the subscription means it will issue 35.8 million shares at 3.35 pence per share.

Imaginatik, up 25%. The consultancy and technology products business said former Quindell chief Rob Terry and his Quob Park Estate investment vehicle have upped their stake in the business again. Imaginatik said Terry has acquired a further 942,500 shares in the company at 7.59 pence to 8.27p, increasing his stake to 4.17%.

Eden Research, up 23%. The company said it has received notice that three active ingredients which are part of a number of plant-protection products it has developed have been granted maximum residue exemption by the European Commission.

Xtract Resources, up 10%. The company said it is making good progress on meeting targets for the Chepica gold and copper mine in Chile. Xtract said the mine has reached its target of hitting profitability ahead of schedule and is on track to achieve a 60% profit margin by the end of the third quarter of this year.

Netcall, up 11% at 58.00p. The software company said payments technology company Eckoh has made a cash and shares takeover offer for the company, coming as Eckoh posted its results for its 2015 financial year and said it has won a new contract with Capita. Netcall said Eckoh has made a bid for Netcall of 1.25 Eckoh shares plus 13 pence in cash for each Netcall share, implying a value of around 63.94 pence per Netcall share. Eckoh shares are down 1.8%.

BMR Mining, up 6.3%. The company said the metallurgical tests conducted on the Wash Plant Tailings and Leach Plant Residue Tailings from its Kabwe site in Zambia using an acid and brine leaching process to recover lead and zinc were successful.

Forte Energy, up 6.2%. The company said its Slovak Republic subsidiary has filed court proceedings against the country's environment ministry in respect of its decision not to grant an extension to uranium permits for the Kursikova deposit.
-------
AIM ALL-SHARE LOSERS
-------
Independent Resources, off 27%. The oil and gas company reflected on a frustrating year trying, and failing, to acquire an interest in a producing asset, but reported a narrower pretax loss in 2014. It reported a GBP1.6 million pretax loss in 2014, significantly narrowing from a GBP3.0 million loss in 2013. The loss narrowed because a GBP1.5 million loss was recorded in 2013 in relation to the reorganisation of the Rivera gas storage facility in Italy, which was not repeated in 2014.

Trap Oil Group, down 26%. The company failed to find hydrocarbons at the Niobe exploration well in the UK North Sea, and warned it will need to raise further cash as its bank balance dwindles after reaching a settlement deal with its two main creditors. The drilling of the Niobe exploration well has fulfilled the license obligation, but as it failed to find any hydrocarbons, will be plugged and abandoned.

Red Emperor Resources, down 18% at 4.0p. The company said it has raised GBP2.9 million through an oversubscribed placing at the discounted placing price of 4.0p, which it will use to fund its upcoming drilling and appraisal activities in the Philippines.
-------
By Neil Thakrar; neilthakrar@alliancenews.com; @NeilThakrar1

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
30 Sep 2014 12:35

UK MIDDAY BRIEFING: Clothing Retailers Hit By Next Weather Warning

Read more
30 Sep 2014 11:51

UK WINNERS & LOSERS: Intertek's Gain Is Inchcape's Loss On CEO Change

Read more
30 Sep 2014 10:44

Independent Resources Shares Up, Despite Wider Loss On Writedown

Read more
18 Aug 2014 07:37

Independent Resources Gets Approval On Ksar Hadada Licence Extension

Read more
10 Jul 2014 15:36

DIRECTOR DEALINGS: Independent Resources Non-Executive Moves Shares

Read more
17 Jun 2014 12:47

UK MIDDAY BRIEFING: BP Gets China Deal, Shell In Asset Sale

LONDON (Alliance News) - British oil major BP will sign a long-term contract worth around USD20 billion, or about GBP11.8 billion, to supply liquefied natural gas to China National Offshore Oil Corp, BP Chief Executive Bob Dudley said at a conference in Moscow Tuesday.
Read more

17 Jun 2014 10:42

UK WINNERS & LOSERS: Xaar Plummets After Guidance Cut

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
-------
FTSE 100 - WINNERS
-------
Whitbread, up 3.1%. The Premier Inn hotels and Costa Coffee chain operator re

Read more
17 Jun 2014 08:56

Independent Resources Says Only 14.35% Of Open Offer Shares Taken Up

LONDON (Alliance News) - Independent Resources PLC Tuesday said a mere 14.35% of its open offer shares were taken up, funding it said it was relying on to meet all of its licence commitments and support operations over the next 12 months. In a statement Monday, the company had said it neede

Read more
17 Jun 2014 08:53

Independent Resources falls on wider losses, need for further funding

Full-year results at Independent Resources came as a disappointment on Tuesday, with losses coming in significantly wider on the back of the restructuring of the Rivara Gas Storage project. The oil and gas company also admitted that if the recently announced placing and open offer is not full subsc

Read more
16 Jun 2014 10:06

Independent Resources Says It Needs More Funding As Loss Widens

LONDON (Alliance News) - Independent Resources PLC Monday said its losses widened in the 15 months to the end of December, while it said it needs to secure its recently proposed funding to meet all of its licence commitments and support operations over the next 12 months. The group said it

Read more
30 May 2014 13:55

Independent Resources places 91.9m shares

AIM-listed Independent Resources (IRG) saw its shares slide on Friday after it announced plans to raise £2.76m before expenses by way of an equity fundraising of 91.9m shares at 3p each. The funds raised will help the group meet the substantial financial commitment required for the planned extensio

Read more
30 May 2014 11:46

UK MIDDAY BRIEFING: Fenner Slumps On Profit Warning

LONDON (Alliance News) - Polymer products manufacturer Fenner saw its shares plummet Friday, after it issued a profit warning that it blamed on a further deterioration in trading in the US and the loss of a profitable contract in Australia.

It is the biggest faller

Read more
30 May 2014 11:08

UK WINNERS & LOSERS: Smith & Nephew Leads FTSE 100 Risers Again

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
-------
FTSE 100 - WINNERS
-------
Smith & Nephew, up 2.2%. The medical technology company, which closed as the blue-chip inde

Read more
30 May 2014 07:38

Independent Resources Seeks Funds To Develop Tunisia Permit

LONDON (Alliance News) - Independent Resources PLC Friday said it is looking to raise up to GBP2.8 million before expenses through a placing and open offer, money it will use to develop the Ksar Hadada onshore oil permit in Tunisia that is key to its survival. In a statement, the company sa

Read more
26 Mar 2014 13:40

UK MIDDAY BRIEFING: Government Completes 2nd Lloyds Bank Stake Sale

LONDON (Alliance News) - The UK government has raised a further GBP4.20 billion from its second sale of Lloyds Banking Group PLC shares, meaning it has now recouped GBP7.41 billion of the roughly GBP21 million that taxpayers injected into the bank during the financial crisis.<

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.