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WINNERS & LOSERS SUMMARY: Centamin Falls After Gold Production Drops

Mon, 09th Jul 2018 10:08

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Just Eat, up 2.4%. RBC Capital raised the online takeaway platform to its Top Pick list.BHP Billiton, up 1.8%. Shares in the Anglo-Australian miner were higher after Reuters reported on Friday that oil major BP is in the lead to acquire the US onshore shale oil and gas assets from BHP after submitting an offer over USD10 billion. BP was down 1.0%.----------FTSE 100 - LOSERS----------Hargreaves Lansdown, down 0.9%. JPMorgan downgraded the funds supermarket to Underweight from Neutral. ----------FTSE 250 - WINNERS----------Stobart Group, up 4.8%. The support services firm said on Saturday that its former chief executive had been re-elected and then immediately dismissed. A majority of shareholders, 51%, voted Andrew Tinkler back onto the board at the company's annual general meeting on Friday, the results of which were delayed until Saturday evening. Tinkler's re-election and his subsequent dismissal were announced within Stobart's Saturday AGM results. In its Saturday statement, Stobart noted that Tinkler's election was passed by the required majority but justified its decision to remove him from the board once again. Tinkler stepped down as chief executive last year but remained on the board. He was removed altogether after accusations of "subverting the company for his own interests" and attempting to cash GBP30 million worth of shares, the Daily Mail said.TalkTalk Telecom Group, up 3.5%. JPMorgan raised the home phone and broadband provider to Neutral from Underweight. ----------FTSE 250 - LOSERS----------Centamin, down 7.5%. The gold miner said second quarter gold production from its Sukari mine in Egypt dropped 25% as underground grades fell below forecast. For the three months to June 30, the miner produced 92,803 ounces of gold compared to 124,641 in the comparative year ago period. In the six months to June 30, production fell 7% to 217,099 ounces form 233,828 ounces year-on-year. In May, the company revised its annual production guidance of between 505,000 and 515,000 ounces at a cash cost of production of USD625 to USD640 per ounce produced and an all-in sustaining cost of USD875 to USD890 per ounce sold. "We have experienced several challenges this year, resulting in the revision of our full year guidance in May," said Chief Executive Officer Andrew Pardey.----------OTHER MAIN MARKET AND AIM - WINNERS----------Legendary Investments, up 17%. The investment company recorded double digit growth in investments and net assets in its recently-ended financial year. In the year to the end of March, the company invested GBP6.2 million versus GBP4.3 million the year before. Net assets saw a 28% increase to GBP6.0 million from GBP4.7 million. During the year, one of Legendary's holdings, Virtualstock Holdings received an investment of GBP4.5 million from European venture capital firm Notion Capital. Legendary holds GBP66 million worth of stake in Virtualstock. In addition, Legendary converted its shares in its Kyrgyz gold asset to shares in Circle Oil Tunisia in December 2017, following Circle Oil Tunisia's acquisition by Dunraven Resources, meaning the the company now holds a 2.0% stake in Dunraven.----------OTHER MAIN MARKET AND AIM - LOSERS----------N4 Pharma, down 52%. The drug reformulation company said that its sildenafil reformulation clinical trial has not met its key target endpoints. The company said that the product formulation will need to be reviewed to assess what changed need to be made to make the reformulated drug viable to N4 Pharma's patent position. "This part of the process of drug reformulation is always going to be a challenge and whilst this preliminary data is clearly disappointing, we will need to see the full set of results expected around the end of August to understand the detailed implications for the formulation," said Chief Executive Officer Nigel Theobald.----------
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17 Apr 2024 11:16

Just Eat shares drop as Q1 orders disappoint

(Sharecast News) - Shares in Just Eat dropped sharply on Wednesday after the food delivery marketplace delivered underwhelming order numbers for the first quarter, though revenue growth picked up sharply in the UK and Ireland.

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28 Feb 2024 07:43

Just Eat guides to strong profit growth in 2024

(Sharecast News) - Takeaway group Just Eat delivered adjusted profits ahead of its own forecasts for 2023 and predicted a 39% jump in earnings this year as gross transaction value (GTV) excluding North America returned to growth.

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17 Jan 2024 07:46

Just Eat lifts full-year core profit outlook

(Sharecast News) - Just Eat Takeaway said on Wednesday that 2023 core profit was set to be ahead of guidance, following a strong fourth-quarter performance in Northern Europe and the UK and Ireland.

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26 Jul 2023 07:44

Just Eat delivers interim profit; CFO quits

(Sharecast News) - Meal delivery company Just Eat Takeaway.com swung to a profit at the half-year and said chief financial officer Brent Wissink would step down next May "to pursue other opportunities".

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21 Mar 2023 13:24

Just Eat to lay off 1,700 delivery drivers

(Sharecast News) - Food delivery firm Just Eat Takeaway is reportedly planning to axe around 1,700 delivery drivers amid a slowdown in demand.

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1 Mar 2023 08:11

Just Eat posts wider-than-expected FY loss

(Sharecast News) - Food delivery giant Just Eat Takeaway posted a wider-than-expected full-year loss on Wednesday despite seeing revenues increase due to increased spending levels.

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18 Jan 2023 08:51

Just Eat turns EBITDA positive in H2

(Sharecast News) - Food delivery giant Just Eat revealed on Wednesday that it had turned EBITDA positive in the second half of the year amid an increased focus on profitability during the period.

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16 Jan 2023 07:22

Just Eat partners with Sainsbury's for new delivery offering

(Sharecast News) - Food delivery group Just Eat has launched a new partnership with grocery giant Sainsbury's, marking the platform's second tie-up with one of the UK's "Big Four" grocers.

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17 Nov 2022 07:31

Just Eat agrees grocery deal with Getir

(Sharecast News) - Just Eat Takeaway.com has struck a Europe-wide partnership deal with Turkey's Getir, the grocery delivery firm.

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10 Jun 2022 07:50

Just Eat's US wing attracts interest from private equity firms

(Sharecast News) - Food delivery giant Just Eat's US wing has attracted preliminary interest from private equity firms, including Apollo Global Management.

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20 Apr 2022 08:47

Just Eat considers sale of Grubhub as orders dip

(Sharecast News) - Just Eat said on Wednesday that it was considering the partial or full sale of Grubhub as it reported a dip in first-quarter orders and cut its guidance for the full year.

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2 Mar 2022 08:22

Just Eat loss smaller than expected, to exit Norway Portugal

(Sharecast News) - Meal delivery company Just Eat Takeaway.com, reported a smaller-than-expected annual loss core loss on Wednesday and said it was exiting Norway and Portugal

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8 Feb 2022 08:36

Just Eat to delist shares from Nasdaq

(Sharecast News) - Food delivery platform operator Just Eat Takeaway revealed on Tuesday that it will delist its shares from the Nasdaq as part of an effort to cut both costs and regulatory burdens.

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12 Jan 2022 08:47

Just Eat FY orders and gross transaction value increase in 2021

(Sharecast News) - Online food delivery platform operator Just Eat Takeaway said on Wednesday that orders grew 33% year-on-year in 2021 to 1.1bn and gross transaction value increased 31% to €28.2bn.

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25 Oct 2021 10:32

Cat Rock Capital urges Just Eat Takeaway.com board to sell or spin-off Grubhub by end of year

(Sharecast News) - Investment firm Cat Rock Capital Management has sent a letter to the board of Just Eat Takeaway.com, urging it to sell or spin-off Grubhub by the end of the year in order to refocus the business and address the "deep and damaging undervaluation" of its equity.

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