MYSL.L Share News (MYSL)

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Admiral Group, up 2.7%. Barclays double-upgraded the motor insurer to Overweight from Underweight, believing prices have started to recover and claims trends appear positive.----------FTSE 100 - LOSERS----------Carnival, down 2.7%. Barclays cut the cruise line operator to Equal Weight from Overweight after the company lowered its full-year outlook last week. "While we're bullish on cruise industry fundamentals, Carnival's valuation could lag that of its peers given the company's ongoing challenges in Europe and lack of stronger growth catalysts," Barclays said. ----------BT Group, down 1.6%. Deutsche Bank downgraded the telecommunications firm to Sell from Hold. ----------FTSE 250 - WINNERS----------Entertainment One, up 3.1%. Berenberg started coverage on the independent film and television content producer with a Buy rating. ----------FTSE 250 - LOSERS----------Dixons Carphone, down 5.5% at 104.11 pence. 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.----------OTHER MAIN MARKET AND AIM - WINNERS----------Regency Mines, up 33%. The exploration and development firm announced a number of significant board changes, including the appointment of a new chair and chief executive. Nigel Burton has been made non-executive chair. Burton holds the same position at Remote Monitored Systems, and is also non-executive director at Digitalbox and Tau Capital. He spent 15 years as chief financial officer of various companies, including Management Resource Solutions. Moreover, Regency Mines Executive Director Scott Kaintz has also been made chief executive officer, and will hold both roles. Further, Regency Mines has appointed Ewen Ainsworth, the executive chair of Nostra Terra Oil & Gas Co, as an independent non-executive director. An existing non-executive director at Regency Mines, Edmund Bugnosen, resigns from the board but will be retained as a consultant.----------Porvair, up 4.2%. The filtration and environmental technologies business reported higher profit and revenue, resulting in an increased interim payout, on demand in the company's Aerospace & Industrial business. In the six months to May 31, Porvair recorded a pretax profit of GBP7.4 million, 42% higher than the GBP5.6 million reported for the same period last year. Porvair said its profit growth could be attributed to higher volumes and better operating efficiencies. The company's revenue increased 21% in the first half to GBP72.0 million from GBP59.7 million the year before. Porvair upped its interim dividend 6.2% to 1.7 pence from 1.6p the year before.----------OTHER MAIN MARKET AND AIM - LOSERS----------MySale Group, down 50%. The online retailer put itself up for sale as part of a strategic review spurred by a challenging Australian retail market. MySale said its strategic review will assess "all types of corporate activity", such as reducing debt, raising further capital and de-listing from AIM. Among these, MySale is considering selling all or part of the company. Any discussions for a takeover will occur under a formal sale process, and MySale is now in an offer period, it said. It has not yet entered any discussions for a possible offer. MySale's largest market is Australia, where it "has continued to experience challenging trading conditions" due to new regulations introduced in July 2018, as well as its inventory location, cost base, and product mix. MySale currently has a market capitalisation of just GBP5.9 million, when it listed in London in 2014 it had a GBP340 million market cap upon admission. "Flash sales are time-limited sales events in which fashion, beauty and homeware products are offered to a closed member base. Customers get access to leading brands at low prices, while firms have an avenue to dispose of excess stock at a discount. This seems like it could be a winning proposition, but it is one on which MySale has failed to execute," said AJ Bell's Russ Mould. ----------