LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.
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FTSE 100 - WINNERS
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Oil companies were among the top gainers in the blue-chip index amid more stable oil prices. Royal Dutch Shell 'A' and 'B' shares were up 1.7% and 1.6%, BG Group was up 2.9%, and BP up 1.8%, as Brent oil edged up to USD36.46 a barrel on Tuesday morning from USD36.18 at the close on Monday.
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FTSE 100 - LOSERS
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ITV, down 2.2%. Shares had gained on Monday after the Mail on Sunday reported talks between ITV and Comcast's TV and film arm NBCUniversal. However, US entertainment trade magazine Variety has since reported that the US media giant dismissed talk of a GBP11.0 billion bid for the British broadcaster. "We don't comment on M&A rumours but the speculation on ITV is just completely inaccurate," spokesman John Demming told Variety.
Marks & Spencer Group, down 2.1% at 438.30p. Nomura cut its price target on M&S to 565.00p from 600.00p, and maintained a Buy rating, while also lowering its price target on rival Next to 7,850.00p from 8,00.00p and maintaining a Neutral rating, after Kantar Worldpanel data on UK clothing market share came out negative for all retailers aside from Associated British Foods' Primark discount chain. Nomura maintained its Neutral rating on AB Foods and a 3,215.00p price target. Next was down 0.3% at 7,199.95p, while AB Foods was down 0.4% at 3,225.00p. The weakness was largely driven by milder weather in November, according to Nomura analyst Fraser Ramzan. The data do not cover the Black Friday discount sale period, but also leave out even milder weather in December against the same month last year.
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FTSE 250 - WINNERS
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Hays, up 1.3% at 143.20 pence. Goldman Sachs cut its price target on the recruitment company to 201 pence from 210p previously, but reiterated a Buy rating on the stock.
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FTSE 250 - LOSERS
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International Personal Finance, down 1.1%. The lender is evaluating alternative business models for the Slovakian market, after the passing of unfavourable new consumer legislation. The final legislation is in line with previous expectations, which will result in a "material adverse financial impact" on the company's existing Slovak business.
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MAIN MARKET AND AIM - WINNERS
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PipeHawk, up 38%. The company's QM Systems subsidiary has been awarded a major contract with Dana UK Axle, a subsidiary of Dana Holding Corp, to deliver a turnkey system for the assembly of vehicle axles at Dana UK Axle's Birmingham facility for over GBP500,000. The system will involve a number of integrated elements including a press and a robotic weld system, according to PipeHawk, which said the project is due for delivery by the end of the second quarter of 2016.
Strategic Minerals, up 20%. The company's Southern Minerals Group subsidiary has obtained an agreement to extend its rights to operate the magnetite operations at the Cobre mine in New Mexico, as it achieved record sales at the mine in December. The rights at Cobre were originally due to expire at the end of February 2016, and have now been extended to March 31, 2017. Sales reached USD75,596 in the week ended December 13, and USD77,981 in the week ended December 20. Average sales for the year were around USD25,000 a week.
Aurora Russia, up 29%. The company has agreed to sell its one residual investment, a minority interest in Unistream Commercial Bank, for about USD5.0 million, and plans to distribute substantially all its net realised cash to shareholders. It is estimated that about GBP4.5 million will be available to fund an initial distribution to shareholders.
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MAIN MARKET AND AIM - LOSERS
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Infinity Energy, down 48%. The company said it is no longer in talks to acquire 50% interests in nine UK petroleum exploration and development licenses in South Wales, meaning its shares resumed trading following a period of suspension due to the potential reverse takeover. The company had been in talks with Eden Energy Ltd, with its shares suspended on October 15 under stock exchange rules relating to reverse takeovers.
RapidCloud International, down 19%. The computing services company said profit and revenue in 2015 will miss market expectations due to issues in its markets in Malaysia, Singapore and Indonesia, as well as due to investments it has made throughout the year.
Central Rand Gold, down 15%. The South African gold mining and exploration holding company said Johan du Toit has decided to resign and will step down as chief executive from the end of this year to pursue other opportunities, with Non-Executive Director Allen Phillips to take the role on a temporary basis. Central Rand Gold also said it has terminated the process around the sale of Central Rand Gold (Netherlands Antilles) NV with immediate effect, although it is still negotiating with one Asian investor about a strategic investment into the broader group.
Concha, down 15%. The company voiced disappointment that it was unable to add to its investment portfolio in its last financial year, even though it was able to strengthen its balance sheet with a GBP4.0 million equity fundraising back in October 2014. The investment company, which focuses on investing in media, communications and technology businesses, made a loss before and after tax of GBP628,000 in the year ended June 30. That was smaller than the GBP1.2 million loss reported for the prior year.
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By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
UK earnings, trading statements calendar - next 7 days
Thursday 25 April | |
Aquila European Renewables PLC | Full Year Results |
Argo Blockchain PLC | Full Year Results |
AstraZeneca PLC | Q1 Results |
Barclays PLC | Q1 Results |
Checkit PLC | Full Year Results |
Coca-Cola Europacific Partners PLC | Trading Statement |
Destiny Pharma PLC | Full Year Results |
Dillistone Group PLC | Full Year Results |
Focusrite PLC | Half Year Results |
Gem Diamonds Ltd | Trading Statement |
Hikma Pharmaceuticals PLC | Trading Statement |
Hummingbird Resources PLC | Trading Statement |
Ibstock PLC | Trading Statement |
Inchcape PLC | Trading Statement |
J Sainsbury PLC | Full Year Results |
London Stock Exchange Group PLC | Q1 Results |
Persimmon PLC | Trading Statement |
Pinewood Technologies Group PLC | Full Year Results |
PPHE Hotel Group Ltd | Trading Statement |
PureTech Health PLC | Full Year Results |
Relx PLC | Trading Statement |
Renewi PLC | Trading Statement |
Schroders PLC | Q1 Results |
Skillcast Group PLC | Full Year Results |
Travis Perkins PLC | Trading Statement |
Trifast PLC | Trading Statement |
Unilever PLC | Q1 Results |
WAG Payment Solutions PLC | Trading Statement |
Weir Group PLC | Trading Statement |
WH Smith PLC | Half Year Results |
WPP PLC | Trading Statement |
Zinc Media Group PLC | Full Year Results |
Friday 26 April | |
Facilities by ADF PLC | Full Year Results |
Kingspan Group PLC | Trading Statement |
Loungers PLC | Trading Statement |
NatWest Group PLC | Q1 Results |
Pearson PLC | Trading Statement |
Record PLC | Trading Statement |
Smurfit Kappa Group PLC | Trading Statement |
Taylor Maritime Investments Ltd | Trading Statement |
Monday 29 April | |
Beazley PLC | Trading Statement |
Biome Technologies PLC | Full Year Results |
Christie Group PLC | Full Year Results |
Gresham House Energy Storage Fund PLC | Full Year Results |
Gresham Technologies PLC | Full Year Results |
Jadestone Energy PLC | Full Year Results |
Oxford BioMedica PLC | Full Year Results |
SpaceandPeople PLC | Full Year Results |
Tuesday 30 April | |
Avacta Group PLC | Full Year Results |
Card Factory PLC | Full Year Results |
Capital & Regional PLC | Full Year Results |
Close Brothers Group PLC | Trading Statement |
Coca-Cola HBC AG | Trading Statement |
Elementis PLC | Trading Statement |
essensys PLC | Half Year Results |
Fadel Partners Inc | Full Year Results |
Glencore PLC | Trading Statement |
Hargreaves Lansdown PLC | Trading Statement |
Howden Joinery PLC | Trading Statement |
HSBC Holdings PLC | Q1 Results |
Kelso Group PLC | Full Year Results |
Northcoders Group PLC | Full Year Results |
Phoenix Spree Deutschland Ltd | Full Year Results |
RBG Holdings PLC | Full Year Results |
Rotork PLC | Trading Statement |
Safestore Holdings PLC | Half Year Results |
Shield Therapeutics PLC | Full Year Results |
St James's Place PLC | Trading Statement |
Strip Tinning Holdings PLC | Full Year Results |
Whitbread PLC | Full Year Results |
Wednesday 1 May | |
Computacenter PLC | Trading Statement |
GSK PLC | Q1 Results |
Haleon PLC | Trading Statement |
HSS Hire Group PLC | Full Year Results |
Intelligent Ultrasound Group PLC | Full Year Results |
Maintel Holdings PLC | Full Year Results |
Next PLC | Trading Statement |
Smith & Nephew PLC | Trading Statement |
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