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WINNERS & LOSERS SUMMARY: Earthport Gains As Mastercard Out Bids Visa

Fri, 25th Jan 2019 10:40

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Fresnillo, up 3.2%. UBS raised the Mexican miner to Buy from Neutral.----------Halma, up 1.6%. Exane BNP raised its rating on the safety and fire-protection stock to Outperform from Neutral.----------FTSE 100 - LOSERS----------Vodafone, down 2.3%. The telecommunications firm reiterated its annual guidance, as it reported a fall in revenue for its third quarter. For the three months to December 31, Vodafone's revenue was EUR11.00 billion, down 6.8% on a reported basis year-on-year. This figure was hindered by accounting changes, the sale of Vodafone's stake in its Qatari business, and foreign exchange. In the third quarter, organic service revenue rose 0.1% year-on-year, slowing from 0.5% annual growth in the second quarter. Using Vodafone's previous accounting method, growth actually improved to 0.4% from 0.3% in the prior quarter. On a reported basis, Vodafone's service revenue fell to 3.9% to EUR9.79 billion. Vodafone's guidance for its year ending March is for organic adjusted earnings before interest, tax, depreciation, and amortisation to rise by around 3% year-on-year. Under old accounting standards, service revenue growth "will be slightly" higher and absolute adjusted Ebitda will be slightly lower, the company said.----------British Land, down 0.6%. Land Securities, down 0.1%. Citigroup cut its rating on both property stocks to Sell from Neutral.----------Spirax-Sarco, down 1.0%. Exane BNP reduced its rating on the engineering firm to Underperform from Neutral. ----------FTSE 250 - WINNERS----------Weir Group, up 2.2%. Societe Generale raised its rating of the oil services stock to Buy from Hold. ----------FTSE 250 - LOSERS----------Hammerson, down 0.8%. intu Properties, down 2.7%. Citigroup cut its rating on both shopping centre owners to a Sell rating from Neutral.----------Great Portland Estates, down 1.3%. Citigroup cut its rating for the commercial property investor to Sell from Neutral. ----------AG Barr, down 2.8%. The firm reported a continued positive trading performance in its current financial year and said it expects to deliver year-on-year revenue and profit growth. The Rubicon, Irn Bru, Strathmore and Funkin soft drinks maker expects to generate revenue for the year to Saturday of GBP277 million, up 4.9% from GBP264.1 million reported the year prior. It also is confident of delivering profit ahead of the prior year and in line with expectations. During the year, AG Barr said it remained committed to investing across its brands, assets and people which had a moderate impact on its operating margin. In addition, the company said it has maintained its tight control on costs. Looking ahead, AG Barr is confident its flexible business model and portfolio of differentiated and growing brands will provide it with continued profitable growth in the financial year ahead.----------OTHER MAIN MARKET AND AIM - WINNERS----------Earthport, 26% higher. International payments firm Earthport has agreed to an increased offer from Mastercard, after a bid from Visa in December. Mastercard is to pay 33 pence per Earthport share, valuing the company at GBP233 million. Earthport shares opened 26% higher at 35.00 pence each on Friday. The price is a 10% premium to the offer Visa made in December of 30p, and is more than triple the 7.45p price Earthport shares were trading at on Christmas Eve, the final business day before the first offer was made public The 30p offer made by Visa in December, which was accepted by Earthport, valued the company at GBP198 million. ----------Fuller, Smith, & Turner, up 17%. The West London brewer and pub operator has sold its entire beer business to Japan's Asahi Group. Asahi will pay an enterprise value of GBP250 million. Fuller's will receive net cash proceeds of around GBP205 million, and will return between GBP55 million to GBP69 million to shareholders via dividends. It will pay between 100 pence to 125p per 'A' and 'C' shares, and 10p to 12.5p per 'B' share. These special distributions, Fuller's said, will not affect its existing dividend policy. Once it has sold the beer business, Fuller's will focus on its pub and hotel operations, forming a "strategic alliance" with Asahi, which will act as a "key" supplier to its pub and hotel business. Fuller's also provided a trading update, saying it has achieved a "very strong" performance, especially in the Managed Pubs & Hotels business. In the 10 weeks to January 19, Managed Pubs & Hotels like-for-like sales rose 5.6% like-for-like. In the 42 weeks to January 19, like-for-like sales in the business were up 4.7%. In Tenanted Inns, like-for-like profit in the 42 week period increased 2%, while beer and cider volumes in the Fuller's Beer Co have remained level year-on-year. ----------Rurelec, up 28%. The power firm said is has repaid GBP200,000 of a loan facility from Bridge Properties, with GBP1 million now outstanding. It plans to make further repayments in the coming months, with the loan maturing on June 30. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Midatech Pharma, down 50%. The firm is urgently looking to conclude a deal with a strategic investor with cash funds rapidly running dry. Meanwhile, the drug development firm also explained it had secured clarity on how to progress its MTD201 clinical plan. Midatech now has "very limited cash to enable it to continue as a going concern" and it is "urgently" looking to conclude its discussions with a potential strategic investors announced in late 2018. In December, Midatech said an unnamed Asia-based investor was considering a GBP8 million share subscription. On Friday, Midatech emphasised there was "no guarantee" it would conclude such a deal and on what terms any such deal would be. Meanwhile, Midatech also announced US regulators had provided guidance to help the firm design the "optimal study" for its lead MTD201 carcinoid cancer treatment. The US Food & Drugs Administration indicated a single dose pharmacodynamic study in healthy volunteers would not support a new drug application. ----------

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24 Mar 2023 18:17

IN BRIEF: Midatech Pharma delisting and name change approved

Midatech Pharma PLC - Cardiff-based R&D biotechnology company focused on improving the bio-delivery and bio-distribution of medicines - Says resolutions put forward at general meeting, including name change, share consolidation and cancellation of AIM listing, approved. Under the consolidation, every 20 shares will be consolidated into one new ordinary share. Adds that ratio of American depositary shares will change to one ADS per five shares, from one ADS per 25 shares previously. Name change to Biodexa Pharmaceuticals PLC, effective on Monday, also approved. Listing of shares on AIM is expected to be cancelled a month from now. Its sole listing will be on Nasdaq.

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17 Mar 2023 15:42

UK shareholder meetings calendar - next 7 days

Monday 20 March 
Aukett Swanke Group PLCGM re proposed acquisition of Torpedo Factory Group Ltd
Pantheon Resources PLCAGM
Voyager Life PLCGM re subscription and fundraise
Tuesday 21 March 
BlackRock Sustainable American Income Trust PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
React Group PLCAGM
Starvest PLCAGM
Sureserve Group PLCAGM
Wynnstay Group PLCAGM
Zamaz PLCGM re terms and conditions modification
Wednesday 22 March 
abrdn Private Equity Opportunities Trust PLCAGM
Asia Strategic Holdings LtdAGM
Circle Property PLCEGM re final disposal and cancellation
Genel Energy PLCAGM
Harmony Energy Income Trust PLCAGM
Titon Holdings PLCAGM
Thursday 23 March 
Crest Nicholson Holdings PLCAGM
Driver Group PLCAGM
Goldplat PLCAGM
Hardide PLCAGM
Idox PLCAGM
Zaim Credit Systems PLCGM re director removal and name change
Friday 24 March 
Faron Pharmaceuticals LtdAGM
In The Style Group PLCGM re sale of only subsidiary; becoming cash shell named Itsum PLC
Kitwave Group PLCAGM
Midatech Pharma PLCGM re cancellation of the admission to trading on AIM and name change
SME Credit Realisation Fund LtdEGM re cancellation of the company's listing
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Feb 2023 10:35

Midatech Pharma shares up as closed USD6.0 million private placement

(Alliance News) - Midatech Pharma PLC on Wednesday said it has raised USD6.0 million through a private placement of 10.3 million shares at USD0.58 each.

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9 Feb 2023 20:25

IN BRIEF: Midatech Pharma raises USD6.0 million for clinical asset

Midatech Pharma PLC - Cardiff-based R&D biotechnology company focused on improving the bio-delivery and bio-distribution of medicines - Raises gross proceeds of around USD6.0 million through the issue of 10.3 million units at an issue price of USD0.58 per unit. One unit either includes one American depository share, one A warrant and one and one-half B warrant, or one pre-funded warrant, one A warrant and one and one-half B warrant. Says that the net proceeds will enable the company to focus on developing MTX110, its clinical asset, and provide it with sufficient working capital until December 2023.

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3 Feb 2023 11:42

Midatech's Nasdaq price falls below minimum of USD1.00 per share

(Alliance News) - Midatech Pharma PLC on Friday said it received notice that its share price has fallen short of the minimum needed according to Nasdaq Stock Market LLC rules.

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16 Jan 2023 15:39

UK shareholder meetings calendar - next 7 days

Tuesday 17 January 
Beowulf Mining PLCGM re capital raise
Egdon Resources PLCAGM
Finsbury Growth & Income Trust PLCAGM
Ironveld PLCAGM
Orcadian Energy PLCAGM
Troy Income & Growth Trust PLCAGM
Wednesday 18 January 
Diploma PLCAGM
GCM Resources PLCAGM
John Lewis of Hungerford PLCAGM
Tlou Energy LtdGM re share placing
Topps Tiles PLCAGM
Tracsis PLCAGM
WH Smith PLCAGM
Thursday 19 January 
Cardiff Property PLCAGM 
Equipmake Holdings PLCAGM
J Smart & Co (Contractors) PLCAGM
Pioneer Media Holdings IncAGM
Scotgold Resources LtdAGM
Friday 20 January 
Appreciate Group PLCGM re acquisition by PayPal Holdings Inc and Court Meeting 
Character Group PLCAGM
Monday 23 January 
Midatech Pharma PLCGM re proposed acquisition of Bioasis Technologies Inc
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jan 2023 21:56

TRADING UPDATES: Alliance Pharma hires COO; Empire advances field work

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Dec 2022 18:20

TRADING UPDATES: Gulf Keystone chair to retire; JZ Capital cashes in

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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19 Dec 2022 11:16

AIM WINNERS & LOSERS: Midatech shares soar on Bioasis acquisition

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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14 Nov 2022 15:03

Midatech Pharma recruits first patient study of MTX110 in glioblastoma

(Alliance News) - Midatech Pharma Plc announced on Monday it enrolled the first patient into its Phase 1 study of MTX110 for the treatment of recurrent glioblastoma at the Preston Robert Tisch Brain Tumor Center at Duke University in the US.

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14 Nov 2022 10:27

AIM WINNERS & LOSERS: Hutchmed up on positive results for cancer drug

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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18 Oct 2022 17:07

TRADING UPDATES: Chaarat enters takeover discussions with Shanta Gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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14 Sep 2022 15:02

TRADING UPDATES: Epwin lifts interim payout; Anpario profit falls

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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21 Jun 2022 11:45

AIM WINNERS & LOSERS: K3 Capital upbeat; Morses sinks after warning

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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21 Jun 2022 10:51

IN BRIEF: Midatech Pharma gets Orphan Medicinal Product designation

Midatech Pharma PLC - Cardiff-based biotechnology company focused on improving the bio-delivery and biodistribution of medicines - Receives Orphan Medicinal Product designation from the European Medicines Agency for the development programme for MTX110. Explains that the designation offers protocol development assistance, a reduction in fees and market exclusivity upon the successful approval of the drug.

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