LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.
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FTSE 100 - WINNERS
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Inmarsat, up 2.7%. The satellite communications company said it has entered a strategic partnership with Australia-based satellite services provider SpeedCast International to deliver Inmarsat's Fleet Xpress maritime broadband service. Under the partnership SpeedCast will integrate the Fleet Xpress service within its own maritime services portfolio, and over the next five years will roll out Fleet Xpress to around 2,000 vessels. Inmarsat said the two-way partnership will enable Inmarsat to use SpeedCast's "unrivalled" global Ku-band satellite network for its Xpress link customers.
Randgold Resources, up 1.3% and Fresnillo, up 0.2%. The stocks were tracking the rising gold price, as investors looked for safe-haven assets amid global economic fears and ahead of the UK's EU referendum. Gold was quoted at USD1,283.90 an ounce, compared to USD1,268.40 at the equities close Friday. In the FTSE 250, gold miner Centamin was up 1.7%.
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FTSE 100 - LOSERS
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Lloyds Banking Group, down 2.2%, Barclays, down 1.8%, Schroders, down 1.5%, Hargreaves Lansdown, down 1.3% Standard Chartered, down 1.3%, Standard Life, down 1.3%, Legal & General Group, down 1.2%. The financial services stocks were down over concerns surrounding the EU referendum next week. Investors' confidence was hit after a poll published Friday gave the Leave campaign a 10 percentage-point lead.
Vodafone Group, down 1.4%. The mobile communications company was downgraded to Neutral from Outperform by Macquarie.
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FTSE 250 - WINNERS
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Hiscox, up 0.5%. The insurer was initiated with an Outperform rating by Credit Suisse.
Restaurant Group, up 0.3%. The Chiquito, Frankie & Benny's and Garfunkel's parent was upgraded to Neutral from Sell by Citi.
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FTSE 250 - LOSERS
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G4S, down 5.9%. The security services company said Omar Mateen, the man who perpetrated a mass shooting in a nightclub in Florida early Sunday, had been employed by the company since September 2007. G4S said that Mateen was off-duty at the time of the incident. "Mateen underwent company screening and background checks when he was recruited in 2007, and the check revealed nothing of concern. His screening was repeated in 2013 with no findings," the company said in a statement. G4S said that it is "cooperating fully" with law enforcement authorities, including the FBI. It said that in 2013 it learned that Mateen had been questioned by the FBI, but that enquiries were subsequently closed.
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MAIN MARKET AND AIM - WINNERS
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Triad Group, up 26%. The information technology services provider reported a more than doubling of pretax profit in its recently ended financial year, and said its new year has begun with a strong order book. For the year to end-March, the company reported a pretax profit of GBP863,000, more than doubled from GBP352,000 the year before, as revenue rose to GBP28.3 million from GBP23.5 million. Triad attributed the rise in revenue to growth in key accounts, and an increase in the length of its client engagements.
Metals Exploration, up 9.4%. The miner said it successfully poured its first gold dore at the Runruro project in the Philippines. The company started test running and debugging the processing plant and associated operations in May and has now poured its first gold dore, a semi-pure alloy of gold and silver which is usually created at the mine site before being purified further in a refinery. "The gold poured was predominately recovered from the gravity circuit. The carbon-in-leach circuit has commenced test running and debugging operations with the BIOX circuit forecast to commence within seven to ten days," said the company.
Union Jack Oil, up 7.4%. The onshore oil and gas exploration company and UK-focused oil and gas company Egdon Resources struck a deal concerning the PEDL182 licence that homes the Broughton North prospect in Lincolnshire that will align the interests of all the companies involved in that licence and the adjoining PEDL180 licence. Union Jack originally acquired a 8.33% interest in PEDL180 back in 2013 and the partners on the licence determined that the Wressle-1 discovery that was made extended into the PEDL182 licence which lies immediately north of PEDL180. As a result a new deal has been struck which will see Union Jack acquire an interest in PEDL182 which will align the interests held by those involved in both PEDL180 and PEDL182. Egdon shares were up 2.2%.
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MAIN MARKET AND AIM - LOSERS
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Fitbug Holdings, down 19%. The wearable health tracker maker said it is considering raising equity in the near future and that talks are underway with its lenders regarding the company's debt pile, as the company reported a wider loss in 2015 as revenue dropped and costs rose. Fitbug reported a GBP6.5 million pretax loss in 2015 compared to the GBP3.8 million loss in 2014, as revenue almost halved to GBP1.3 million from GBP2.3 million. Talks with potential investors is continuing, but any share issuance would need approval from shareholders. The company said it has agreed to take a further loan from NW1 Investments worth GBP121,000. That will be repayable at the end of July 2017, in line with its other loans from NW1 and will carry an interest rate that is 2.5% per annum above the base lending rate of the Bank of England, it said.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
UK dividends calendar - next 7 days
Friday 31 May | |
abrdn Property Income Trust Ltd | dividend payment date |
Albion Development VCT PLC | dividend payment date |
Alternative Income REIT PLC | dividend payment date |
Arbuthnot Banking Group PLC | dividend payment date |
Balanced Commercial Property Trust Ltd | dividend payment date |
Bankers Investment Trust PLC | dividend payment date |
Bellevue Healthcare Trust PLC | dividend payment date |
City of London Investment Trust PLC | dividend payment date |
CQS New City High Yield Fund Ltd | dividend payment date |
Custodian Property Income REIT PLC | special dividend payment date |
CVC Income & Growth Ltd EURO | dividend payment date |
CVC Income & Growth Ltd GBP | dividend payment date |
Derwent London PLC | dividend payment date |
Diverse Income Trust PLC | dividend payment date |
Dunedin Income Growth Investment Trust PLC | dividend payment date |
Ecofin Global Utilities & Infrastructure Trust PLC | dividend payment date |
EJF Investments Ltd | dividend payment date |
Elementis PLC | dividend payment date |
Global Opportunities Trust PLC | dividend payment date |
Greencoat UK Wind PLC | dividend payment date |
Henderson Far East Income Ltd | dividend payment date |
Henderson International Income Trust PLC | dividend payment date |
Henry Boot PLC | dividend payment date |
Ibstock PLC | dividend payment date |
IWG PLC | dividend payment date |
JPMorgan American Investment Trust PLC | dividend payment date |
JPMorgan Global Core Real Assets Ltd | dividend payment date |
Kier Group PLC | dividend payment date |
Marwyn Value Investors Ltd | dividend payment date |
Mobeus Income & Growth VCT PLC | dividend payment date |
NB Global Monthly Income Fund Ltd | dividend payment date |
Octopus Renewables Infrastructure Trust PLC | dividend payment date |
Picton Property Income Ltd | dividend payment date |
Portmeirion Group PLC | dividend payment date |
PPHE Hotel Group Ltd | dividend payment date |
PRS REIT PLC | dividend payment date |
Reach PLC | dividend payment date |
Robert Walters PLC | dividend payment date |
Senior PLC | dividend payment date |
Shaftesbury Capital PLC | dividend payment date |
Sherborne Investors (Guernsey) C Ltd | dividend payment date |
STV Group PLC | dividend payment date |
Target Healthcare REIT PLC | dividend payment date |
Taylor Maritime Investments Ltd | dividend payment date |
TwentyFour Select Monthly Income Fund Ltd | dividend payment date |
Vesuvius PLC | dividend payment date |
Weir Group PLC | dividend payment date |
Monday 3 June | |
4imprint Group PLC | dividend payment date |
Ascential PLC | special dividend payment date |
Ashtead Technology Holdings PLC | dividend payment date |
BAE Systems PLC | dividend payment date |
J Smart & Co (Contractors) PLC | dividend payment date |
JPMorgan China Growth & Income PLC | dividend payment date |
JPMorgan Claverhouse Investment Trust PLC | dividend payment date |
Vector Capital PLC | dividend payment date |
Zotefoams PLC | dividend payment date |
Tuesday 4 June | |
GCP Asset Backed Income Fund Ltd | dividend payment date |
GCP Infrastructure Investments Ltd | dividend payment date |
Spectra Systems Corp | ex-dividend payment date |
Wednesday 5 June | |
Carr's Group PLC | dividend payment date |
Ecora Resources PLC | dividend payment date |
Epwin Group PLC | dividend payment date |
Genuit Group PLC | dividend payment date |
Glencore PLC | dividend payment date |
Porvair PLC | dividend payment date |
Sabre Insurance Group PLC | special dividend payment date |
Thursday 6 June | |
Aberforth Split Level Income Trust | ex-dividend payment date |
Abrdn European Logistics Income PLC | ex-dividend payment date |
AJ Bell PLC | ex-dividend payment date |
Albion Technology & General VCT PLC | ex-dividend payment date |
Arbuthnot Banking Group PLC | ex-dividend payment date |
Assura PLC | ex-dividend payment date |
Balanced Commercial Property Trust Ltd | ex-dividend payment date |
Billington Holdings PLC | ex-dividend payment date |
BlackRock Sustainable American Income Trust PLC | ex-dividend payment date |
Bodycote PLC | dividend payment date |
Capital Gearing Trust PLC | ex-dividend payment date |
Computacenter PLC | ex-dividend payment date |
Downing Strategic Micro-Cap Investment Trust PLC | ex-dividend payment date |
Edinburgh Investment Trust PLC | ex-dividend payment date |
Energean PLC | ex-dividend payment date |
Equals Group PLC | ex-dividend payment date |
FDM Group Holdings PLC | ex-dividend payment date |
Gemfields Group Ltd | ex-dividend payment date |
Good Energy Group PLC | ex-dividend payment date |
Helios Underwriting PLC | ex-dividend payment date |
Henderson European Focus Trust PLC | ex-dividend payment date |
Informa PLC | ex-dividend payment date |
Integrafin Holdings PLC | ex-dividend payment date |
J Sainsbury PLC | ex-dividend payment date |
Jersey Electricity PLC | ex-dividend payment date |
JLEN Environmental Assets Group Ltd | ex-dividend payment date |
Johnson Matthey PLC | ex-dividend payment date |
Judges Scientific PLC | ex-dividend payment date |
Learning Technologies Group PLC | ex-dividend payment date |
Legal & General Group PLC | dividend payment date |
Marshalls PLC | ex-dividend payment date |
Menhaden Resource Efficiency PLC | ex-dividend payment date |
Michelmersh Brick Holdings PLC | ex-dividend payment date |
Microlise Group PLC | ex-dividend payment date |
National Grid PLC | ex-dividend payment date |
National World PLC | ex-dividend payment date |
Pets At Home Group PLC | ex-dividend payment date |
Renew Holdings PLC | ex-dividend payment date |
Restore PLC | ex-dividend payment date |
Riverstone Credit Opportunities Income PLC | ex-dividend payment date |
Robinson PLC | ex-dividend payment date |
RTC Group PLC | ex-dividend payment date |
Smiths News PLC | ex-dividend payment date |
STS Global Income & Growth Trust PLC | ex-dividend payment date |
Topps Tiles PLC | ex-dividend payment date |
Utilico Emerging Markets Trust PLC | ex-dividend payment date |
VH Global Sustainable Energy Opportunities PLC | ex-dividend payment date |
Vodafone Group PLC | ex-dividend payment date |
Wickes Group PLC | dividend payment date |
WPP PLC | ex-dividend payment date |
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