LONDON (Alliance News) - The following stocks are amongst the biggest risers and fallers within the main London indices midday Friday.
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FTSE 100 WINNERS
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Standard Life, up 2.5%. The savings and investment company reported a 19% rise in operating profit before tax from continuing operations in 2014, bolstered by rising assets under administration on the back of net inflows, positive market movements, and the acquisition of Ignis Asset Management.
Weir Group, up 2.7%. Goldman Sachs has raised the oil services company's rating to Buy from Neutral.
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FTSE 100 LOSERS
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Kingfisher, down 2.6%. Barclays has downgraded DIY retailer Kingfisher to Underweight from Equal Weight, saying it sees a number of weaknesses in the company's operations in France, the UK and Poland.
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FTSE 250 WINNERS
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Serco Group, up 9.4%. The outsourcing company was upgraded to Neutral from Underperform by Credit Suisse.
Essentra, up 2.4%. The supplier of plastic and fibre products said it has increased its full-year dividend for 2014 after reporting a significant rise in pretax profit, driven by strong revenue growth across most of its divisions. Essentra also announced that it has completed the acquisition of an Australian plastics distributor that is set to "enhance" earnings immediately.
Go-Ahead Group, up 1.9%. Several brokers have raised the company's recommendation, following the bus and train company's interim results release on Thursday. Liberum has raised the transport group's price target to 3,000p from 2,800p, reiterating its Buy rating, while JP Morgan raised the group's price target to 2,734.74p from 2,600p, keeping its rating at Overweight. Meanwhile, HSBC raised Go-Ahead's price target to 2,825 from 2,810, reiterating its Overweight rating.
Man Group, up 1.6%. The hedge fund investment manager confirmed a conditional deal to buy the investment management business of NewSmith LLP, an equity investment manager with USD1.2 billion of funds under management.
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FTSE 250 LOSERS
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Bank Of Georgia Holdings, down 2.3%. The holding company of JSC Bank of Georgia reported a 13% rise in pretax profit for 2014, boosted by strong lending in the fourth quarter. However, Numis and Panmure Gordon have cut its earnings per share forecasts for the company to reflect slower-than-anticipated GDP growth in Georgia.
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AIM ALL-SHARE WINNERS
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Tri-Star Resources, up 22%. The antimony development company said Strategic & Precious Metals Processing LLC, of which it owns 40%, has received a provisional environmental permit for its Oman antimony roaster project. This permit allows Strategic & Precious to begin construction activities, and to begin with business activities.
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AIM ALL-SHARE LOSERS
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SolGold, off 15%. The Australian gold and copper minery said its pretax loss widened in the first half on the back of increased costs and said it conducted very limited exploration work during the period. For the six months ended December 31, the group reported an operating loss before tax of GBP1.2 million, wider than the GBP1.0 million it reported in the same period a year earlier.
Pinnacle Technology Group, down 14%. The company, which provides a range of converged managed solutions including managed support services, said it narrowed its pretax loss in 2014 on a fall in impairment charges, amortization and depreciation, but said revenue also fell in the year.
By Daniel Ruiz; danielruiz@alliancenews.com
Copyright 2015 Alliance News Limited. All Rights Reserved.
UK earnings, trading statements calendar - next 7 days
Wednesday 13 September | |
abrdn Smaller Companies Income Trust PLC | Half Year Results |
Argentex Group PLC | Half Year Results |
Brave Bison Group PLC | Half Year Results |
Burford Capital Ltd | Half Year Results |
CAB Payments Holdings PLC | Half Year Results |
Central Asia Metals PLC | Half Year Results |
Frontier Developments PLC | Full Year Results |
Made Tech Group PLC | Full Year Results |
On The Beach Group PLC | Trading Statement |
Pan African Resources PLC | Full Year Results |
Pharos Energy PLC | Half Year Results |
Redrow PLC | Full Year Results |
Ricardo PLC | Full Year Results |
Star Energy Group PLC | Half Year Results |
Tullow Oil PLC | Half Year Results |
Thursday 14 September | |
Arecor Therapeutics PLC | Half Year Results |
Brooks Macdonald Group PLC | Full Year Results |
Capricorn Energy PLC | Half Year Results |
Checkit PLC | Half Year Results |
Churchill China PLC | Half Year Results |
Foresight Solar Fund Ltd | Half Year Results |
Glenveagh Properties PLC | Half Year Results |
IG Group Holdings PLC | Trading Statement |
Keystone Law Group PLC | Half Year Results |
Kier Group PLC | Full Year Results |
M&C Saatchi PLC | Half Year Results |
MJ Gleeson PLC | Full Year Results |
Oakley Capital Investments Ltd | Half Year Results |
Renishaw PLC | Full Year Results |
Spire Healthcare Group PLC | Half Year Results |
THG PLC | Half Year Results |
Trainline PLC | Trading Statement |
Uniphar PLC | Half Year Results |
Friday 15 September | |
Petra Diamonds Ltd | Full Year Results |
VH Global Sustainable Energy Opportunities PLC | Half Year Results |
Monday 18 September | |
Artisanal Spirits Co PLC | Half Year Results |
City of London Investment Group PLC | Full Year Results |
Downing Renewables & Infrastructure Trust PLC | Half Year Results |
Facilities by ADF PLC | Half Year Results |
Futura Medical PLC | Half Year Results |
Greencoat Renewables PLC | Half Year Results |
HgCapital Trust PLC | Half Year Results |
Phoenix Group Holdings PLC | Half Year Results |
S4 Capital PLC | Half Year Results |
Tuesday 19 September | |
accesso Technology Group PLC | Half Year Results |
Billington Holdings PLC | Half Year Results |
Big Technologies PLC | Half Year Results |
C&C Group PLC | Trading Statement |
Concurrent Technologies PLC | Half Year Results |
CPPGroup PLC | Half Year Results |
Eagle Eye Solutions Group PLC | Full Year Results |
Fintel PLC | Half Year Results |
Good Energy Group PLC | Half Year Results |
Hargreaves Lansdown PLC | Full Year Results |
Henry Boot PLC | Half Year Results |
Kingfisher PLC | Half Year Results |
Litigation Capital Management Ltd | Full Year Results |
Maintel Holdings PLC | Half Year Results |
McBride PLC | Full Year Results |
MyHealthChecked PLC | Half Year Results |
Moonpig Group PLC | Trading Statement |
Naked Wines PLC | Full Year Results |
Northcoders Group PLC | Half Year Results |
Ocado Group PLC | Trading Statement |
Serica Energy PLC | Half Year Results |
SThree PLC | Trading Statement |
Surgical Innovations Group PLC | Half Year Results |
Team17 Group PLC | Half Year Results |
Trustpilot Group PLC | Half Year Results |
Water Intelligence PLC | Half Year Results |
Xaar PLC | Half Year Results |
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