LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------Centrica, down 2.4%. Citigroup has reduced its rating to Neutral from Buy.----------Smith & Nephew, down 2.2%. Exane has cut the medical devices maker to Neutral from Outperform.----------FTSE 250 - WINNERS----------Travis Perkins, up 1.5%. Royal Bank of Canada has increased its rating for the building products firm to Outperform from Sector Perform. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Cluff Natural Resources up 52%. The company's has entered into a farm-out agreement with Shell UK over two of Cluff's North Sea licences. For licence P2252, Shell will acquire a 70% working interest and will be appointed as the licence operator, in return for paying all costs related to an agreed forward work programme up to the end of 2020. For licence P2437, Shell has the option to acquire a 50% working interest by the end of April for USD600,000 in total.----------Tower Resources, up 19%. The firm noted the discovery by Total of "significant gas condensate" at the Brulpadda exploration well in South Africa. The Brulpadda well is located adjacent to the Algoa-Gamtoos licence, operated by Tower Resources and its partner New Age Energy Algoa on a 50-50 basis.----------Modern Water, up 16%. The company has submitted an application to the government of Gibraltar to built the country's first wastewater treatment plant. Modern Water Services carried out the preparatory works necessary for the submission to the government's Department of Town Planning, collaborating with its joint venture partner NWG Commercial Services. The joint venture was selected as preferred bidder for the project in 2014. ----------Earthport, up 15%. Visa has increased its offer for cross-border payments firm Earthport following a rival bid from Mastercard. Visa initially made a bid of 30 pence per share in December, which was agreed with Earthport. However, in late January, Mastercard came in with its own offer at 33p. Visa has now upped its offer to 37 pence per share, which values Earthport at around GBP247 million fully diluted. The new figure is 12% above Mastercard's offer and 23% higher than the original Visa bid. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Flybe, down 23%. The airline has warned if its takeover by Connect Airways does not proceed it will be forced to close the company. "If the scheme is not approved, the Flybe directors intend to take steps to wind-up the company and shareholders are likely to receive no value for their shares in Flybe," the airline said. "Accordingly, the Flybe directors believe the terms of the acquisition remain in the best interests of Flybe shareholders as a whole and unanimously recommend that Flybe shareholders vote in favour of the resolutions to be proposed at the court meeting and the general meeting." Flybe agreed the takeover by Connect Airways, a joint venture among Stobart Group, Virgin Atlantic, and DLP Holdings, earlier in January. ----------MySale, down 11%. The firm on Friday expects to swing to an adjusted loss for the first half of its financial year after experiencing "challenging trading". For the six months to the end of December, the online retailer, which operates 24 websites in eight countries, expects revenue down 17% to AUD126.0 million, about GBP69 million, from AUD152.0 million a year ago. Online revenue was down 13% to AUD120.0 million. The company blamed a planned reduction in offline activities during the half for the revenue downfall. MySale expects an adjusted loss before interest, taxes, depreciation and amortisation of AUD5.0 million compared to a AUD5.5 million profit a year ago, due "primarily" to market disruption caused by changes to Australian goods and services tax regulation, together with product mix and inventory issues. Gross profit is expected to decrease 35% to AUD29.5 million, while gross margins shrank to 23.4% from 30.2% in the comparative half-year period.----------GLI Finance, down 31%. The company has decided to close its loss-making supply chain finance to focus on the core asset backed lending offering. In addition, GLI expects to suffer further material write downs in its Fintech Ventures portfolio, as several of the platforms are finding it harder to raise further capital at the valuation levels previously expected. The investment company said its core unit, Sancus BMS, continued to grow, generating revenue of GBP13 million in the year to the end of December 2018, up 28% on the prior year. Meanwhile, Sancus Finance, which operates GLI's supply chain finance offering in the UK, remains loss making and behind management expectations with a forecast operating loss of GBP1 million.----------
UK earnings, trading statements calendar - next 7 days
Tuesday 8 November | |
3i Infrastructure PLC | Half Year Results |
Argentex Group PLC | Half Year Results |
Associated British Foods PLC | Full Year Results |
Aveva Group PLC | Half Year Results |
Beximco Pharmaceuticals Ltd | Full Year Results |
CNH Industrial NV | Q3 Results |
Coca-Cola HBC AG | Trading Statement |
DCC PLC | Half Year Results |
Direct Line Insurance Group PLC | Trading Statement |
Egdon Resources PLC | Full Year Results |
Hilton Food Group PLC | Trading Statement |
IMI PLC | Trading Statement |
Marks Electrical Group PLC | Half Year Results |
Oxford Instruments PLC | Half Year Results |
Persimmon PLC | Trading Statement |
Vaalco Energy Inc | Q3 Results |
Warehouse REIT PLC | Half Year Results |
YouGov PLC | Full Year Results |
Zoo Digital Group PLC | Half Year Results |
Wednesday 9 November | |
Aviva PLC | Trading Statement |
Bank of Ireland Group PLC | Trading Statement |
Biffa PLC | Half Year Results |
Conduit Holdings Ltd | Trading Statement |
Dignity PLC | Trading Statement |
Esken Ltd | Half Year Results |
FirstGroup PLC | Half Year Results |
Flutter Entertainment PLC | Trading Statement |
Gelion PLC | Full Year Results |
Georgia Capital PLC | Q3 Results |
Gym Group PLC | Trading Statement |
JD Wetherspoon PLC | Trading Statement |
ITV PLC | Trading Statement |
Marks & Spencer Group PLC | Half Year Results |
MaxCyte Inc | Q3 Results |
Norcros PLC | Half Year Results |
Picton Property Income Ltd | Half Year Results |
Smiths Group PLC | Trading Statement |
Smiths News PLC | Full Year Results |
Taylor Wimpey PLC | Trading Statement |
Tracsis PLC | Full Year Results |
Volex PLC | Half Year Results |
Watches of Switzerland Group PLC | Half Year Results |
Thursday 10 November | |
3i Group PLC | Half Year Results |
Allianz Technology Trust PLC | Q3 Results |
AstraZeneca PLC | Q3 Results |
Auto Trader Group PLC | Half Year Results |
B&M European Value Retail SA | Half Year Results |
Bank of Georgia Group PLC | Q3 Results |
ConvaTec Group PLC | Trading Statement |
Domino's Pizza Group PLC | Trading Statement |
Endeavour Mining PLC | Q3 Results |
Grafton Group PLC | Trading Statement |
Haleon PLC | Q3 Results |
Manolete Partners PLC | Half Year Results |
National Grid PLC | Half Year Results |
Nightcap PLC | Full Year Results |
Qinetiq Group PLC | Half Year Results |
Regional REIT Ltd | Trading Statement |
Renewi PLC | Half Year Results |
Spirent Communications PLC | Trading Statement |
Smoove PLC | Half Year Results |
Tate & Lyle PLC | Half Year Results |
TT Electronics PLC | Trading Statement |
Vistry Group PLC | Trading Statement |
Young & Co's Brewery PLC | Half Year Results |
WH Smith PLC | Full Year Results |
Friday 11 November | |
Beazley PLC | Half Year Results |
Permanent TSB Group Holdings PLC | Trading Statement |
TheWorks.co.uk PLC | Trading Statement |
Urban Logistics REIT PLC | Half Year Results |
Monday 14 November | |
Atalaya Mining PLC | Q3 Results |
Biome Technologies PLC | Trading Statement |
Cake Box Holdings PLC | Half Year Results |
Diversified Energy Co PLC | Trading Statement |
HgCapital Trust PLC | Q3 Results |
Informa PLC | Trading Statement |
Kainos Group PLC | Half Year Results |
MySale Group PLC | Full Year Results |
S4 Capital PLC | Q3 Results |
Totally PLC | Half Year Results |
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