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

Tue, 05th Feb 2019 10:19

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------BP, up 4.5%. The oil major said it will make further asset sales over the next two years as it comfortably beat the market's expectations for its 2018 results. BP sold USD3.5 billion worth of assets in 2018, and plans to divest a further USD10 billion of assets over the next two years. The USD3.5 billion sold off in 2018 compares to USD4.3 billion in 2017. At a group level, BP's underlying RC profit came in at USD12.72 billion, up from USD6.17 billion in 2017. Market consensus had seen a figure of USD11.88 billion. BP increased its fourth quarterly dividend by 2.5% on the year to 10.25 US cents. It bought back USD355 million of shares in 2018, and plans to keep buybacks going, and to "fully offset the impact of scrip dilution" by the end of 2019. "Its colossal cash generative ability has enabled the share buyback programme to be an ongoing feature, whilst from an investment perspective, the dividend yield of 6.2% is the icing on the cake," said Interactive Investor's Richard Hunter. Royal Dutch Shell 'A' and 'B' shares were up 1.6% and 1.5% respectively. ----------WM Morrison Supermarkets, up 1.5%. Berenberg raised the supermarket chain to Buy from Hold.----------FTSE 100 - LOSERS----------SEGRO, down 1.0%. Societe Generale downgraded the industrial property investor to Hold from Buy. ----------FTSE 250 - WINNERS----------Greencore, up 6.6%. Jefferies resumed coverage on the sandwich maker with a Buy rating.----------CYBG, up 3.5%. Deutsche Bank restarted the lender with a Hold rating. ----------FTSE 250 - LOSERS----------Indivior, down 10%. Shares in the drugmaker fell after a court in the US rejected its motion for a rehearing of its case against Dr Reddy's Laboratories. Dr Reddy's has been developing a generic buprenorphine/naloxone treatment, based on Indivior's Suboxone drug, with Indivior trying to halt development in court. Indivior had appealed against the removal of an injunction against Dr Reddy's plans, but this has been rejected by the US Court of Appeals for the Federal Circuit. Indivior plans on filing an emergency motion with the court while an appeal in Delaware goes on, with Delaware having decided Dr Reddy's has not infringed Indivior's patent. Indivior believes that if Dr Reddy's launches its generic product, it will lose up to 80% of its market share "within a matter of months". ----------OTHER MAIN MARKET AND AIM - WINNERS----------Water Intelligence, up 11%. The leak detention services provider said it has bought a Canadian franchise, sold a US one, and provided financing to another in the US. The company bought a franchise in Ontario, Canada and sold its Youngstown, Ohio franchise to a current franchise owner who is also "a leader" within the American Leak Detection System. Furthermore, the firm has entered a deal with a franchise in Idaho to provide financial support in order to jump-start the franchise's expansion from leak detection to repairs and municipal. Lastly, trials of a sewer diagnostic technology "have gone well" and commercialization of the product is on schedule. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Maestrano, down 39%. The cloud business integration platform company reported a widened loss in the first half of its current financial year and expects it to widen further on a slowdown in end-user subscription revenue. The company said its loss widened in the six months to the end of December to GBP1.3 million from GBP705,000 reported the year before, despite revenue rising 29% to GBP444,000 from GBP345,000. On a constant currency basis, revenue climbed 35%. Operating expenses doubled over the period to GBP2.0 million from GBP1.0 million, as the company increased headcount in order to deliver major projects and support future growth. Looking ahead, the company expects its adjusted loss for 2019 to come in materially behind market expectations, as Maestrano's major client, an undisclosed US bank, has taken "a much more cautious approach" to the ramp up of end-user subscription revenue. ----------Numis, down 11%. The corporate advisor said trading over the past four months has been hampered by material declines in UK equity indices due to a challenging domestic political situation. In its annual general meeting statement, the broker revealed it completed approximately 25% fewer deals at the start of its current financial year, compared to the first four months of the prior year. The company said that despite the difficult conditions in the market, it is committed to execute its strategy and to provide "access to high quality and insightful advice" to its clients. ----------

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6 May 2022 12:18

LONDON MARKET MIDDAY: Stocks sink amid fear of inflation and its cure

(Alliance News) - Stock prices in London were lower at midday on Friday as concerns over rising interest rates and surging inflation plague investors.

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6 May 2022 11:24

Numis first half hit by challenging market conditions

(Alliance News) - Numis Corp PLC said on Friday its first half performance was hurt by tricky macroeconomic conditions against a record comparator a year prior.

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6 May 2022 07:41

Numis confident in outlook after weaker first half

(Sharecast News) - Numis reported a 39% improvement in advisory revenues in its half-year results on Friday as it worked to diversify its investment banking business, although total revenue was down 35.8% to £74.2m.

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29 Apr 2022 16:04

UK earnings, trading statements calendar - next 7 days

Monday 2 May 
no events scheduled 
Tuesday 3 May 
Blackrock Greater Europe Investment Trust PLCHalf Year Results
BP PLCQ1 Results
Camellia PLCFull Year Results
Card Factory PLCFull Year Results
Cardiff Property PLCHalf Year Results
Intelligent Ultrasound Group PLCFull Year Results
Learning Technologies Group PLCFull Year Results
McColl's Retail Group PLCFull Year Results
Wednesday 4 May 
Andrews Sykes Group PLCFull Year Results
Apax Global Alpha LtdTrading Statement
Aston Martin Lagonda Global Holdings PLCQ1 Results
boohoo Group PLCFull Year Results
Dianomi PLCFull Year Results
Direct Line Insurance Group PLCTrading Statement
e-Therapeutics PLCFull Year Results
Flutter Entertainment PLCQ1 Results
International Personal Finance PLCTrading Statement
JD Wetherspoon PLCTrading Statement
Johnson Service Group PLCTrading Statement
OSB Group PLCTrading Statement
Personal Group Holdings PLCTrading Statement
Schroder Oriental Income Fund LtdHalf Year Results
Smiths News PLCHalf Year Results
Tribal Group PLCTrading Statement
UK Commercial Property REIT LtdTrading Statement
WANdisco PLCFull Year Results
Thursday 5 May 
abrdn Latin American Income Fund LtdHalf Year Results
AIB Group PLCTrading Statement
Barratt Developments PLCTrading Statement
Derwent London PLCTrading Statement
Domino's Pizza Group PLCTrading Statement
Endeavour Mining PLCQ1 Results
Hansard Global PLCTrading Statement
Helios Towers PLCQ1 Results
Hiscox LtdTrading Statement
IMI PLCTrading Statement
James Fisher & Sons PLCTrading Statement
John Wood Group PLCTrading Statement
Melrose Industries PLCTrading Statement
Mondi PLCTrading Statement
Morgan Advanced Materials PLCTrading Statement
Morgan Sindall Group PLCTrading Statement
Next PLCTrading Statement
Rathbones Group PLCTrading Statement
Reach PLCTrading Statement
Shell PLCQ1 Results
Trainline PLCFull Year Results
Trifast PLCTrading Statement
Tyman PLCTrading Statement
Virgin Money UK PLCHalf Year Results
Vitec Group PLCTrading Statement
Wheaton Precious Metals CorpQ1 Results
Friday 6 May 
Beazley PLCTrading Statement
InterContinental Hotels Group PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Numis CorpHalf Year Results
Spirent Communications PLCTrading Statement
  
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1 Apr 2022 09:32

IN BRIEF: Numis interim trading due to fall below expectations

Numis Corp PLC - London-based investment bank - Says revenue in its financial first half, which ends March 31, is now expected to be 36% below the previous year's figure at GBP74 million. Says performance within the Investment Banking division was hit by a decline in equity capital markets activity, despite a strong revenue performance from M&A and Growth Capital Solutions. Within the Equities division, challenging market conditions in recent weeks have hurt the profitability of the company's trading book. As a result, Equities revenue for the first half is expected be around 20% below the previous year.

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1 Apr 2022 07:50

LONDON MARKET OPEN: Stocks edge higher as US nonfarm payrolls loom

(Alliance News) - Stocks in London got off to a positive, albeit cautious, start on Friday with investor focus lying on a US labour market update later in the day.

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1 Apr 2022 07:48

Numis interim revenues more than a third below H121 levels

(Sharecast News) - Investment banking group Numis Corporation said first-half revenues were expected to be roughly £74.0m, approximately 36% below its record interim performance a year earlier.

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1 Apr 2022 06:49

LONDON MARKET PRE-OPEN: Sanne loss widens on Apex takeover costs

(Alliance News) - Stocks in London are set for a flat start on Friday, with the monthly US jobs report for March the day's key data point.

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18 Mar 2022 09:02

UPDATE: Private equity firm, Sycamore, confirms interest in Ted Baker

(Alliance News) - Ted Baker PLC has received interest from across the Atlantic, as a New York private equity firm confirmed it is considering a takeover offer.

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24 Feb 2022 15:00

IN BRIEF: Numis adds Flutter Entertainment risk officer to board

Numis Corp PLC - London-based stockbroker and investment bank - Hires Richard Hennity as independent non-executive director, starting immediately. Hennity is chief legal & risk officer of the international division of FTSE 100 gambling operator Flutter Entertainment PLC, previous to which he held senior positions at lender HSBC Holdings PLC. Subject to regulatory approval, Hennity will chair the Numis board's risk committee.

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8 Feb 2022 12:36

LONDON MARKET MIDDAY: Stocks mixed as BP and Ocado contrast

LONDON MARKET MIDDAY: Stocks mixed as BP and Ocado contrast

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8 Feb 2022 11:46

AIM WINNERS & LOSERS: Joules up on upbeat outlook; Numis quarter slow

AIM WINNERS & LOSERS: Joules up on upbeat outlook; Numis quarter slow

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8 Feb 2022 10:04

Numis suffers from investor jitters over inflation and interest rates

Numis suffers from investor jitters over inflation and interest rates

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8 Feb 2022 09:11

Inflation and interest rates dampen second quarter for Numis

(Sharecast News) - Numis said in a trading update on Tuesday that revenue for its first quarter was in line with the "strong" second half performance of the 2021 financial year.

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4 Feb 2022 16:11

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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