LONDON (Alliance News) - The following stocks are amongst the biggest risers and fallers within the main London indices midday Friday.
-------
FTSE 100 WINNERS
-------
Shire, up 4.8%. The Irish drugmaker said late Thursday that its new drug application for lifitegrast, a treatment for dry eye disease in adults, has been granted a priority review designation by the US Food and Drug Administration. This designation means that the new drug application has a review target of eight months, compared to the standard twelve months. The FDA is expected to provide a decision on October 25, 2015.
ITV, up 3.5%. Morgan Stanley has raised the broadcaster's price target to 300.00 pence from 240.00p, maintaining its Overweight rating. The stock currently trades at 270.60p.
Barratt Developments, up 3.0%, Taylor Wimpey, up 2.6%, and Persimmon, up 0.9%. In a sector-wide note, Jefferies has raised Barratt Development and Persimmon to Hold from Underperform and Taylor Wimpey to Buy from Hold.
Marks and Spencer Group, up 1.3%. The retailer's price target has been raised by JP Morgan to 600.00p from 550.00p, maintaining its Overweight rating. The stock currently trades at 573.115p.
Reckitt Benkiser Group, up 1.2%. UBS raised the consumer goods company to Buy from Neutral, saying the company is its favourite pick in a tough European household and personal care sector.
-------
FTSE 100 LOSERS
-------
Weir Group, down 1.3%. Jefferies has cut its price target on the engineering company to 1,715.00 pence from 2,410.00p, maintaining its Hold rating. The stock trades at 1,745.00p.
Kingfisher, down 0.6%. Societe Generale has cut the DIY retailer to Sell from Hold.
-------
FTSE 250 WINNERS
-------
Countrywide, up 6.3%, Bovis Homes Group, up 3.0%, Bellway, up 2.5%, and Crest Nicholson Holdings, up 2.2%. Jefferies has raised the companies to Buy from Hold.
Indivior, up 2.8%. Jefferies has raised the pharmaceutical company to Buy from Hold.
-------
FTSE 250 LOSERS
-------
Vedanta Resources, down 3.8%. The company said its oil and gas production and its zinc production for the full year were both hit by disruptions, though it said its fourth quarter oil and gas production stabilised and it reported better zinc production in the quarter.
Imagination Technologies Group, down 2.3%. Barclays has cut it price target on the company to 150.00 pence from 195.00p, maintaining its Underweight rating. The company trades at 196.30p.
Hays, down 1.1%. The recruitment company said it expects to see strong operating profit growth in its full year, as it saw group net fee growth of 5% in its third quarter to end-March. The United Kingdom and Ireland region saw net fees growth of 8%, bolstered by strong growth in its technical specialisms including IT and construction and property. Its private sector business performed well, and whilst market conditions have remained good, it has seen some cautious decision making amongst some clients as the General Election looms.
Riverstone Energy, down 1.0%. The closed-ended investment firm said it will be among the investors committing funding to the Meritage Midstream Services III LP, a Canadian midstream oil services company. Riverstone Holdings LLC, the fund manager for Riverstone Energy will commit USD100 million to Meritage, comprising USD67 million from the Riverstone Global Energy and Power Fund VI and USD33 million from Riverstone Energy Ltd.
-------
AIM ALL-SHARE WINNERS
-------
OMG, up 14%. The imaging technology company said it has struck a USD25 million deal to sell its 2d3 defence software business to Insitu Inc, a subsidiary of US aerospace company Boeing Co. OMG said it expects to make a USD16.4 million pretax profit on the sale and said it expects to pay a significant portion of the proceeds from the sale to shareholders via a special dividend.
-------
AIM ALL-SHARE LOSERS
-------
Blur Group, off 31%. The company, which runs an online marketplace for business services, said it expects its recognised revenue for 2014 to be substantially lower than expected owing to protracted contract delays. It said that following discussions with accountant KPMG LLP, it has determined that a number of older projects started between late 2013 and early 2014, which have experienced delays, are showing a "lower likelihood of completion".
Falkland Islands Holdings, down 14%. The company said it would suspend its dividend payments until further notice, as the company said it expects a fall in underlying pretax profit for the year to the end of March, with a good performance in the second half for its Falkland Islands Company business but lower activity levels at its Momart art handling and logistics unit.
-------
By Neil Thakrar; neilthakrar@alliancenews.com; @NeilThakrar1
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 |
Copyright 2023 Alliance News Ltd. All Rights Reserved. |