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LONDON MARKET OPEN: Marginally Higher As Investors Await G20 Summit

Mon, 24th Jun 2019 08:54

(Alliance News) - Stock prices in London opened marginally higher on Monday, with the FTSE 100 managing to start above the 7,400 mark, as investors look ahead to the start of the highly anticipated G20 summit later this week. The FTSE 100 was up 10.00 points, or 0.1% at 7,417.50. The FTSE 250 was up 57.56 points, or 0.3%, at 19,382.16. The AIM All-Share was up 1.18 points, or 0.1%, at 934.25.The Cboe UK 100 index was up 0.4% at 12,574.39. The Cboe UK 250 was up 0.2% at 17,314.89, and the Cboe UK Small Companies was up 0.1% at 11,530.12.In European equities, the CAC 40 in Paris was up 0.3% and the DAX 30 in Frankfurt was flat. "In a week that is severely back-weighted, building to the much-anticipated G20 tete-a-tete between Donald Trump and Xi Jinping, the European markets nevertheless made the most of a quiet calendar to maintain June's gains," said Spreadex analyst Connor Campbell. On the London Stock Exchange, Admiral Group was the best blue-chip performer, up 2.0% after Barclays double-upgraded the insurer to Overweight from Underweight. At the other end of the large cap index, Carnival was the worst performer, down 1.7% after Barclays downgraded the cruise line operator to Equal Weight from Overweight.Last Thursday, Carnival shares sank after the company lowered its full-year earnings outlook. The stock fell 15% last week. BT Group was down 1.2% after Deutsche Bank cut the telecommunications provider to Sell from Hold. In the FTSE 250, Entertainment One was up 2.5% after Berenberg started coverage on the independent film and television content producer with a Buy rating. At the other end of the midcap index, Dixons Carphone was the worst performer, down 2.1% at 108.11 pence, after Goldman Sachs cut its price target on the stock to 130p from 148p.Last week, the mobile phone and electrical goods retailer warned that an increasingly changing UK mobile market will further hurt results in the new 2020 financial year. The stock dropped 12% last week. On AIM, MySale Group was down 40% after the retailer launched a strategic review to consider "all types of corporate activity", including options to raise additional capital to support ongoing restructuring and the sale of certain parts or the whole of the group, and de-listing of the company's shares from trading on AIM in London.US President Donald Trump on Sunday said he does not want to start a war with Iran. However, he warned that if it comes to a war then it will be "obliteration like you've never seen before" for the Islamic Republic.In an interview on NBC's "Meet The Press" on Sunday, Trump said that the only condition is that Iran can not have a nuclear weapon."I'm not looking for war and if there is, it'll be obliteration like you've never seen before," Trump said. "But I'm not looking to do that. But you can't have a nuclear weapon. You want to talk? Good. Otherwise you can have a bad economy for the next three years."Meanwhile, China and the US should work to reach a compromise in their trade dispute, Vice Minister of Commerce Wang Shouwen said in Beijing on Monday, days ahead of a planned meeting between the two country's presidents.Chinese and US trade teams are both preparing for negotiations following a phone call last Tuesday between Chinese President Xi Jinping and US President Donald Trump, Wang told a press briefing.Trump and Xi are set to meet later this week at the G20 summit in the Japanese city of Osaka.The Japanese Nikkei 225 index closed up 0.1%. In China, the Shanghai Composite closed up 0.2%, while the Hang Seng index in Hong Kong is up 0.1%.The pound was quoted at USD1.2726 on Monday, higher than USD1.2694 at the London equities close Friday.In a quiet economic calendar on Monday there is a German business sentiment index reading at 0900 BST.

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7 Nov 2022 15:54

UK earnings, trading statements calendar - next 7 days

Tuesday 8 November 
3i Infrastructure PLCHalf Year Results
Argentex Group PLCHalf Year Results
Associated British Foods PLCFull Year Results
Aveva Group PLCHalf Year Results
Beximco Pharmaceuticals LtdFull Year Results
CNH Industrial NVQ3 Results
Coca-Cola HBC AGTrading Statement
DCC PLCHalf Year Results
Direct Line Insurance Group PLCTrading Statement
Egdon Resources PLCFull Year Results
Hilton Food Group PLCTrading Statement
IMI PLCTrading Statement
Marks Electrical Group PLCHalf Year Results
Oxford Instruments PLCHalf Year Results
Persimmon PLCTrading Statement
Vaalco Energy Inc Q3 Results
Warehouse REIT PLCHalf Year Results
YouGov PLCFull Year Results
Zoo Digital Group PLCHalf Year Results
Wednesday 9 November 
Aviva PLCTrading Statement
Bank of Ireland Group PLCTrading Statement
Biffa PLCHalf Year Results
Conduit Holdings LtdTrading Statement
Dignity PLCTrading Statement
Esken LtdHalf Year Results
FirstGroup PLCHalf Year Results
Flutter Entertainment PLCTrading Statement
Gelion PLCFull Year Results
Georgia Capital PLCQ3 Results
Gym Group PLCTrading Statement
JD Wetherspoon PLCTrading Statement
ITV PLCTrading Statement
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Norcros PLCHalf Year Results
Picton Property Income LtdHalf Year Results
Smiths Group PLCTrading Statement
Smiths News PLCFull Year Results
Taylor Wimpey PLCTrading Statement
Tracsis PLCFull Year Results
Volex PLCHalf Year Results
Watches of Switzerland Group PLCHalf Year Results
Thursday 10 November 
3i Group PLCHalf Year Results
Allianz Technology Trust PLCQ3 Results
AstraZeneca PLCQ3 Results
Auto Trader Group PLCHalf Year Results
B&M European Value Retail SAHalf Year Results
Bank of Georgia Group PLCQ3 Results
ConvaTec Group PLCTrading Statement
Domino's Pizza Group PLCTrading Statement
Endeavour Mining PLCQ3 Results
Grafton Group PLCTrading Statement
Haleon PLCQ3 Results
Manolete Partners PLCHalf Year Results
National Grid PLCHalf Year Results
Nightcap PLCFull Year Results
Qinetiq Group PLCHalf Year Results
Regional REIT LtdTrading Statement
Renewi PLCHalf Year Results
Spirent Communications PLCTrading Statement
Smoove PLCHalf Year Results
Tate & Lyle PLCHalf Year Results
TT Electronics PLCTrading Statement
Vistry Group PLCTrading Statement
Young & Co's Brewery PLCHalf Year Results
WH Smith PLCFull Year Results
Friday 11 November 
Beazley PLCHalf Year Results
Permanent TSB Group Holdings PLCTrading Statement
TheWorks.co.uk PLCTrading Statement
Urban Logistics REIT PLCHalf Year Results
Monday 14 November 
Atalaya Mining PLCQ3 Results
Biome Technologies PLCTrading Statement
Cake Box Holdings PLCHalf Year Results
Diversified Energy Co PLCTrading Statement
HgCapital Trust PLCQ3 Results
Informa PLCTrading Statement
Kainos Group PLCHalf Year Results
MySale Group PLCFull Year Results
S4 Capital PLCQ3 Results
Totally PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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2 Nov 2022 09:19

IN BRIEF: Frasers to acquire remaining MySale shares after offer close

Frasers Group PLC - Derbyshire, England-based retail and intellectual property group - Will compulsorily acquire remaining MySale Group PLC shares, after its offer for the company closed in London on Tuesday. It now owns or has acceptances for its takeover offer for 95.4% of MySale shares.

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24 Oct 2022 10:24

UPDATE: Frasers ups investment in Hugo Boss to 33%; buys 5% Asos stake

(Alliance News) - Frasers Group PLC on Monday said it increased its investment in German fashion designer Hugo Boss AG to just under a third, while also confirming it has bought a 5% stake in UK online clothing retailer Asos PLC.

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24 Oct 2022 09:01

TOP NEWS: Frasers increases investment in German designer Hugo Boss

(Alliance News) - Frasers Group PLC on Monday said its investment in the shares of German fashion designer Hugo Boss AG is now 4.3%, while it additionally has a 28.5% interest via put options that it has sold.

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24 Oct 2022 07:45

LONDON BRIEFING: Shell seals Qatar gas stake; Pearson trading strong

(Alliance News) - Stocks in London were called to start the new week flat on Monday, while the Hang Seng in Hong Kong slumped after Xi Jinping secured a rare third term as leader of China.

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18 Oct 2022 12:23

Frasers up stake in fashion marketplace MySale to majority holding

(Alliance News) - Frasers Group PLC on Tuesday said its MySale Group PLC offer is now unconditional, as it ups its stake in the Australian-based fashion marketplace to 51%.

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17 Oct 2022 10:19

Frasers boosts stake in MySale target

(Sharecast News) - Frasers Group urged MySale shareholders to accept its £14m takeover offer on Monday, after the British retailer bolstered its stake in the Australian firm.

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12 Oct 2022 15:43

TOP NEWS: MySale board gives up fight against Frasers takeover offer

(Alliance News) - MySale PLC on Wednesday reluctantly recommended Frasers Group PLC's takeover offer to shareholders, after Frasers disclosed a blocking shareholding in MySale on Monday.

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12 Oct 2022 15:07

MySale recommends shareholders accept Frasers bid

(Sharecast News) - Australian fashion marketplace MySale said on Wednesday that it now recommends shareholders accept a takeover offer from Frasers Group, even though it undervalues the business.

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26 Sep 2022 09:46

TOP NEWS: Frasers to make mandatory takeover bid for MySale

(Alliance News) - Frasers Group PLC on Monday said it was making a "mandatory cash offer" for the remaining shares in MySale Group PLC.

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26 Sep 2022 07:47

LONDON BRIEFING: Unilever CEO to step down; RPS backs new takeover bid

(Alliance News) - All eyes will be on the pound when traders in Europe return to desks on Monday, after the UK currency fell to an all-time low during the Asian session.

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16 Sep 2022 17:02

LONDON MARKET CLOSE: Stocks in red; pound plunges on retail sales data

(Alliance News) - Stocks in London ended a difficult week in the red on Friday, as disappointing UK retail sales data sent the pound plunging and painted a gloomy picture about the nation's economy ahead of a major interest decision from the Bank of England next week.

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16 Sep 2022 11:09

AIM WINNERS & LOSERS: MySale up as slams Frasers bid; AfriTin placing

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

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16 Sep 2022 09:16

MySale chairman stands down with immediate effect

(Sharecast News) - Online retailer MySale has rejected a takeover bid from Mike Ashley's Frasers Group, stating it does not consider the terms of the deal to be "fair" or "reasonable".

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16 Sep 2022 08:37

MySale hits out at Frasers takeover bid as chair steps down

(Alliance News) - Frasers Group PLC's bid to take full ownership of online retailer MySale Group PLC received a blow on Friday, after the AIM listing said a GBP14 million bid is too low.

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