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WINNERS & LOSERS SUMMARY: Applegreen Gains 11% As It Hits The Motorway

Fri, 28th Sep 2018 10:54

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------RSA Insurance, down 8.9%. The general insurer reported its UK business suffered an underwriting loss for the third quarter of 2018. UK premiums are lower, RSA said, as it takes pricing and re-underwriting action, but international business, such as in Scandinavia and Canada, is more positive. The UK made an underwriting loss of around GBP70 million during the third quarter, recording a 110% combined ratio. A ratio over 100% represents underwriting losses. The company blamed increased weather, large losses, and attritional claims for the disappointing UK performance, with its Marine portfolio the worst hit. So far in the year-to-date, weather losses are higher across all regions but are worst in the UK and Canada. Large losses in the UK have improved in full year to date, but have deteriorated in Canada and Scandinavia. Third-quarter group net written premiums are 4% higher year-on-year. In the year-to-date, they are 2% down on a headline basis but up 1% net of reinsurance changes.----------FTSE 250 - WINNERS----------Serco, 17% higher. The outsourcer said trading in the first few months of the second half will result in a better outcome for 2018, one which will be "meaningfully ahead" of current market expectations. The company said a strong operating performance along with several non-recurring trading items, such as end-of-contract settlements, and other commercial negotiations will contribute to the better than expected outcome. Serco is predicting underlying trading profit of GBP90 to GBP95 million on revenue of about GBP2.8 billion. Serco's previous guidance for revenue was GBP2.7 billion to GBP2.8 billion with underlying trading profit expected to be about GBP80 million. The FTSE 250-listed company is also expecting its net debt to be towards the lower end of its range, GBP200 million to GBP250 million, from having previously expected it to be at the mid-to-upper end.----------FTSE 250 - LOSERS----------Spire Healthcare, down 3.5%. Barclays has cut the firm to an Underweight rating from Equal Weight, and lowered its price target to 130 pence from 190p.----------Thomas Cook, down 3.8%. HSBC cut the stock to Hold from Buy, and lowered its price target to 70p from 150p.----------OTHER MAIN MARKET AND AIM - WINNERS----------Applegreen, up 11%. The petrol forecourt retailer announced it has raised around EUR175 million, or GBP156 million, in a placing. The cash is to go towards the Irish firm's purchase of a 55% stake in motorway service station franchise Welcome Break for EUR361.8 million from NIBC European Infrastructure I CV, which it announced early August. Applegreen has placed 28.8 million new shares at a price of EUR6.08, or approximately 543 pence each, with Goodbody Stockbrokers and Shore Capital acting as joint bookrunners. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Numis, down 6.2%. The firm said it expects its profit for the year ending September to be lower than the previous year due staff costs being "materially" higher. The stockbroker and investment bank said it has experienced an "unprecedented" period of senior-level hiring, which has led to a 16% increase in headcount and which will result in lower profits for the year. Numis said its trading performance was "good" but revenue in the second half did not match a "particularly strong" first half, resulting in it expecting revenue to increase by about 3%. Lower average fees and the timing of deals in its Corporate Broking & Advisory division hurt the second half, the firm said. Numis said its Equities division performed "well" and is expected to deliver revenue ahead of the prior year. What's more, the company said it is "encouraged" by the Equities division's performance amid the introduction of MiFID II regulations, which affect how research is paid for. ----------
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29 Mar 2019 09:32

Numis Affirms Guidance For Lower Interim Revenue But Activity Picks Up

LONDON (Alliance News) - Numis Corp on Friday reiterated its guidance for a 26% decline in interim revenue amid lower volumes in the UK equity market.In February at its annual general the a

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29 Mar 2019 07:41

LONDON MARKET PRE-OPEN: AstraZeneca Raises Cash For Deal With Daiichi

LONDON (Alliance News) - Stock prices in London are called for a positive start on Friday, following Asian markets higher after progress was reported in talks between the US and China. IG futures

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8 Feb 2019 13:34

Brooks Macdonald Appoints New Chair As Christopher Knight Retires

LONDON (Alliance News) - Investment firm Brooks Macdonald Group PLC on Friday said it appointed Alan Carruthers as chair with effect from March 14.Carruthers will join after the publication

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5 Feb 2019 17:28

UPDATE: Numis Appoints Former Standard Life CFO To Board

LONDON (Alliance News) - Numis Corp PLC on Tuesday said it has appointed the former chief financial officer of Standard Life PLC to its board.Shares in Numis closed down 12% at 240.00 pence

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5 Feb 2019 10:19

WINNERS & LOSERS SUMMARY: Indivior Drops After US Court Rejects Appeal

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 4.5%. The oil major said it will make the

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5 Feb 2019 10:11

Numis transactions fall 25% in first four months of year

(Sharecast News) - Trading at City broker Numis has completed around a quarter fewer deals in the past four months compared to the same period a year ago, after the material stock index declines and amid the uncertain domestic political situation.

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5 Feb 2019 08:53

Numis Shares Fall As Trading Is Hurt By Challenging Market Conditions

LONDON (Alliance News) - Numis Corp PLC on Tuesday said that trading over the past four months has been hampered by material declines in UK equity indices due to a challenging domestic political

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29 Jan 2019 15:50

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 30 JanuaryHenderson European Focus TrustRenew HoldingsTopps TilesJPMorgan 1

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5 Dec 2018 09:50

Numis full-year profit drops as it boosts headcount

(Sharecast News) - Numis reported a 17.4% drop in full-year profit on Wednesday, with staff-related costs up as it boosted its headcount.

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5 Dec 2018 08:51

Numis Holds Annual Payout Amid Lower Profit On Increased Investment

LONDON (Alliance News) - Broker Numis Corp PLC held its annual dividend Wednesday as profit fell on increased investment despite revenue rising, and as it cautioned of increasingly challenging the

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28 Nov 2018 15:57

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 29 November Thomas Cook GroupFull Year ResultsBritvicFull Year Year Mail & 3

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15 Oct 2018 17:41

Premier Technical Services To Acquire Electrical Testing Company (ALLISS)

LONDON (Alliance News) - Premier Technical Services Group PLC said Monday it plans to acquire Guardian Electrical Compliance Ltd for an initial cash consideration of GBP12.0 consideration of up to

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28 Sep 2018 14:48

Staff costs push profits lower at Numis

(Sharecast News) - Investment banking group Numis Corporation updated the market on its trading for the year ending 30 September on Friday, reporting a "good trading performance" in the year, although it said revenue in the second half did not reach the level achieved in a "particularly strong" first half.

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28 Sep 2018 10:13

Numis Expects Annual Profit To Be Lower Due To Higher Staff Costs

LONDON (Alliance News) - Numis Corp PLC on Friday said it expects its profit for the year ending September to be lower than the previous year due staff costs being "materially" in Numis

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