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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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4 Dec 2019 07:57

Stockbroker Numis' revenue tanks, says UK election could hit deals

Dec 4 (Reuters) - Stockbroker and corporate adviser Numis Corporation said on Wednesday that tough market conditions in the UK and the upcoming general election would potentially hit deal-making in the short term while posting an 18% drop in annu...

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27 Nov 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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15 Nov 2019 15:04

Lazard poaches Numis bankers to launch venture and growth banking team

By Pamela BarbagliaLONDON, Nov 15 (Reuters) - Lazard has poached two executives from British stockbroker Numis Corporation Plc to lead a new team that will focus on European private firms seeking growth equity and venture capital.The U.S.-based in...

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27 Sep 2019 09:20

Numis revenues and profits set to fall amid 'challenging' market conditions

(Sharecast News) - Investment bank Numis warned on Friday that full-year results would show a mid-to-high teens percentage decline in reported revenue and a "somewhat greater" fall in profit after a difficult year.

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27 Sep 2019 08:48

Numis Annual Revenue To Decline In Weak UK Equity Market

Numis Annual Revenue To Decline In Weak UK Equity Market

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27 Sep 2019 07:41

LONDON MARKET PRE-OPEN: Grainger, Pennon Report Strong Trading

LONDON MARKET PRE-OPEN: Grainger, Pennon Report Strong Trading

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4 Sep 2019 11:48

Fuller's Pubs Pleased With Start To Year As It Announces Cash Return

(Alliance News) - Fuller, Smith, & Turner PLC on Wednesday reported a good start to its financial year, while there also is to be a cash return to shareholders.Fuller's said sales a

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3 Sep 2019 19:03

PRESS: Former Numis Chair Michael Spencer Takes Stake Up To 6% - FT

(Alliance News) - Nex Group PLC founder Michael Spencer has built a 6% stake in Numis Corp, the Financial Times reported on Tuesday.Former Numis chair Spencer has been increasing his stake

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3 May 2019 10:47

WINNERS & LOSERS SUMMARY: HSBC Rises After Strong First Quarter

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - Holdings, up 2.8%. The Asia-focused bank a to

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3 May 2019 10:04

Numis Sees Drastic Fall In Interim Profit On Challenging Markets

LONDON (Alliance News) - Capital markets company Numis Corp PLC on Friday reported a sharp drop in first half profit, blaming a "challenging market backdrop".In the six months to

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3 May 2019 08:54

Numis blames political uncertainty for dive in profits

(Sharecast News) - Numis Corporation on Friday reported a plunge in interim profits and revenues as domestic political uncertainty precipitated a period of weak UK investor sentiment.

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3 May 2019 08:35

LONDON MARKET OPEN: HSBC And Smurfit Kappa Help Prop Up FTSE 100

LONDON (Alliance News) - Stocks in London were marginally in the green early Friday, with the FTSE 100 helped by gains for China-focused banking giant HSBC and Irish packaging of

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3 May 2019 07:38

LONDON MARKET PRE-OPEN: Smurfit Kappa And HSBC Start 2019 Well

LONDON (Alliance News) - Stocks in London are called for a marginally higher start on Friday, as Smurfit Kappa joined HSBC in reported a strong first three months

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26 Apr 2019 16:06

UK Earnings, Trading Statements Calendar - Next 7 Days

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29 Mar 2019 11:49

Numis flags fall in revenue amid tough trading conditions

(Sharecast News) - Numis Corporation updated the market on its trading on Friday, ahead of the end of its six month period ending 31 March, reporting that despite the political situation remaining uncertain, it had benefited from an improvement in trading in recent weeks with a number of investment banking deals completing in March.

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