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WINNERS & LOSERS SUMMARY: Indivior Hits Record Low On US Indictment

Wed, 10th Apr 2019 11:01

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Tesco, up 0.8%. The supermarket chain reported 28% jump in its annual profit, outperforming analysts' expectations, driven by a good sales performance in its core UK & Ireland market. For the year ended February 24, Tesco posted pretax profit of GBP1.67 billion, up from GBP1.30 billion a year ago. Revenue rose 11% year-on-year to GBP63.91 billion from GBP57.49 billion, slightly lagging consensus. Group sales excluding fuels were up 12% to GBP56.88 billion, while on a like-for-like basis sales rose 1.4%. According to company-compiled analyst consensus, pretax profit was expected to rise 22% to GBP1.58 billion, while revenue was forecast 12% higher year-on-year at GBP64.52 billion. Like-for-like sales in the UK & Ireland, Tesco's core market, were up 2.9% in the year, driven by an excellent performance of wholesaler Booker Group, up 11%. Tesco proposed a final dividend of 4.10 pence per share, taking the total payout for the year to 5.77p compared with 3.0p a year ago.----------FTSE 100 - LOSERS----------Halma, down 0.7%. Exane BNP cut the safety and environmental technology company to Neutral from Outperform.Unilever, down 0.6%. Barclays started coverage on the consumer goods giant with an Underweight rating. ----------FTSE 250 - WINNERS----------PageGroup, up 2.5%. The recruiter reported growth across all its regions in the first quarter of the year with gross profit up 12%. The FTSE 250 company reported gross profit of GBP208.8 million for the three months to March-end, up from GBP187.8 million in the comparative period a year ago. The company achieved growth in all regions with the Americas up 21%, Asia Pacific 15%, Europe Middle East and Africa up 11% and UK 1.7%. Looking ahead, the company expects to deliver 2019 operating profit in line with consensus. Currently, the market expects an operating profit of GBP160.4 million for the year.Dunelm Group, up 2.3%. The home furnishings retailer could beat the market's profit expectations for its current financial year, it said. After strong first quarter revenue growth, and despite political and economic troubles in the UK, Dunelm expects to beat consensus for pretax profit for its year ending June of between GBP115.6 million and GBP118.5 million. In its previous financial year, Dunelm reported pretax profit of GBP93.1 million, up 0.8% year-on-year, meaning it and the market both expect a strong acceleration in growth. For the third quarter, ended March, Dunelm's total revenue rose 6.1% to GBP284.5 million, with like-for-like sales rising 13%. ----------FTSE 250 - LOSERS----------Indivior, down 74%. The drugmaker's shares fell to a record low of 26.36 pence after a grand jury in the Western District of Virginia issued an indictment of 28 felony counts against the company related to fraud. The felonies, issued in connection with a federal criminal investigation initiated by the US Department of Justice in 2013, include one count of conspiracy to commit mail, wire and health care fraud; one count of health care fraud; four counts of mail fraud; and 22 counts of wire fraud. The allegations are based on actions that occurred "almost exclusively" prior to Indivior becoming an independent company following its demerger from Reckitt Benckiser PLC at the end of 2014. The DoJ has demanded at least USD3 billion in fines against Indivior, according to the indictment. Indivior said it believes the claims are "unsupported by the facts and the law", and it will contest the allegations. Reckitt Benckiser shares were down 6.7%, the worst performer in the FTSE 100.Stagecoach Group, down 5.0%. The transport operator has been disqualified from applying from all three current UK rail franchise competitions, it said. The reason, Stagecoach said, is because it submitted non-compliant bids related to pension risks. Shares in Stagecoach were down 6.4% in morning trade at 124.80 pence each. The three franchises are East Midlands, South Eastern, and West Coast Partnership. It had applied for East Midlands independently, South Eastern alongside planned partner Alstom, and West Coast alongside Virgin Group and French firm SNCF. Stagecoach said without government support for the long-term funding of railway pensions, a further GBP5 billion to GBP6 billion would be needed to plug the gap. However, the railway industry's solution would add a further GBP500 million to GBP600 million, Stagecoach continued, providing "better stability". The company said it is "shocked" the government has rejected this for what it terms a higher risk approach.McCarthy & Stone, down 2.5%. The retirement housebuilder reported a steep decline in interim profit on Wednesday, despite strong revenue growth. McCarthy & Stone's pretax profit for the six months ended February 28 was GBP3.6 million, down 66%, due to GBP14 million of exceptional costs related to restructuring and redundancies. Excluding this, underlying pretax profit was up 64% to GBP18.9 million. The FTSE 250 firm's revenue came in at GBP280.5 million, up 17% year-on-year, with legal completions 11% higher at 845. McCarthy & Stone has held its interim return to shareholders flat at 1.9 pence per share. As of April 5, McCarthy & Stone's order book was GBP485 million, down 17% year-on-year, with higher quality reservations now being held "due to improved controls".----------OTHER MAIN MARKET AND AIM - WINNERS----------ASOS, up 14%. The online fashion retailer said UK sales outperformed in a highly competitive retail market, despite a significant profit drop for the first half of its financial year. For the six months to February 28, the online fashion retailer posted pretax profit of GBP4.0 million, 87% lower than the comparative period a year ago at GBP29.9 million. This was due to GBP24 million of temporary transition costs, the retailer explained. At group level, revenue rose 14% to GBP1.31 billion from GBP1.15 billion a year ago, driven by a 13% jump in retail sales. In the UK, the retailer's home market, retail sales increased 16% to GBP481.5 million from GBP414.5 million a year ago. Order growth in the county was 20% from a 4% increase in traffic, while active customer growth rose 13% year on year. "The important point from today's announcement is that life hasn't got any worse with ASOS maintaining its 2019 earnings and spending guidance. That will come as a relief to the market," said AJ Bell's Russ Mould. ----------

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11 Oct 2023 15:01

London close: Stocks weaker amid Gaza tensions, hot US producer prices

(Sharecast News) - Stocks in London ended in the red on Wednesday, impacted by heightened concerns regarding global inflation and ongoing situations in the Middle East.

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11 Oct 2023 09:18

PageGroup expects plunge in profit; warns of tougher job market

(Alliance News) - PageGroup PLC on Wednesday said it expects to deliver a lower annual profit as clients continue to defer hiring decisions and candidates remain cautious about accepting job offers.

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11 Oct 2023 08:51

LONDON MARKET OPEN: FTSE 100 higher; Travis Perkins warns on profit

(Alliance News) - Stock prices in London opened largely higher on Wednesday as market mood remained resilient, despite the continuing conflict in the Middle East, amid a softening of rhetoric from the US central bank.

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11 Oct 2023 07:47

LONDON BRIEFING: Stocks lower; GSK settles Zantac case in California

(Alliance News) - Stocks in London are set to open lower on Wednesday as investor looked ahead to the release of the US Federal Reserve's September meeting minutes later in the day.

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11 Oct 2023 07:28

Pagegroup expects annual profits to sink by a third

(Sharecast News) - Recruitment firm Pagegroup said it expects full-year profits to drop by at least a third as a result of ongoing challenging conditions across Asia, the UK and US markets in the third quarter.

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6 Oct 2023 15:48

UK dividends calendar - next 7 days

Monday 9 October 
Henderson Smaller Cos Investment Trust PLCdividend payment date
LondonMetric Property PLCdividend payment date
Tuesday 10 October 
LSL Property Services PLCdividend payment date
Wednesday 11 October 
Assura PLCdividend payment date
Rathbones Group PLCdividend payment date
Thursday 12 October 
Blackrock Latin American Investment Trust PLCex-dividend payment date
Breedon Group PLCex-dividend payment date
Diageo PLCdividend payment date
GSK PLCdividend payment date
Howden Joinery Group PLCex-dividend payment date
i3 Energy PLCex-dividend payment date
Invesco Bond Income Plus Ltdex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan Mid Cap Investment Trust PLCex-dividend payment date
Kingfisher PLCex-dividend payment date
MP Evans Group PLCex-dividend payment date
Macfarlane Group PLCdividend payment date
North American Income Trust PLCex-dividend payment date
Oxford Instruments PLCdividend payment date
Persimmon PLCex-dividend payment date
Personal Group Holdings PLCex-dividend payment date
Primary Health Properties PLCex-dividend payment date
Ruffer Investment Co Ltdex-dividend payment date
Senior PLCex-dividend payment date
Spirax-Sarco Engineering PLCex-dividend payment date
Strategic Equity Capital PLCex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
Taylor Wimpey PLCex-dividend payment date
Tesco PLCex-dividend payment date
TT Electronics PLCdividend payment date
WPP PLCex-dividend payment date
XP Power Ltddividend payment date
Friday 13 October 
Bakkavor Group PLCdividend payment date
Baltic Classifieds Group PLCdividend payment date
Camellia PLCdividend payment date
Chelverton UK Dividend Trust PLCdividend payment date
Crest Nicholson Holdings PLCdividend payment date
Derwent London PLCdividend payment date
FDM Group Holdings PLCdividend payment date
Forterra PLCdividend payment date
Henry Boot PLCdividend payment date
Kenmare Resources PLCdividend payment date
Kingspan Group PLCdividend payment date
LXi REIT PLCdividend payment date
PageGroup PLCdividend payment date
PageGroup PLCspecial dividend payment date
Palace Capital PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Severfield PLCdividend payment date
Standard Chartered PLCdividend payment date
Trifast PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Oct 2023 15:44

UK earnings, trading statements calendar - next 7 days

Thursday 5 October 
Ferrexpo PLCTrading Statement
HealthBeacon PLCHalf Year Results
ICG Enterprise Trust PLCHalf Year Results
Imperial Brands PLCTrading Statement
Pennon Group PLCTrading Statement
Volution Group PLCFull Year Results
Friday 6 October 
JD Wetherspoon PLCFull Year Results
Monday 9 October 
Sareum Holdings PLCFull Year Results
Tuesday 10 October 
1Spatial PLCHalf Year Results
EnSilica PLCFull Year Results
Reach PLCTrading Statement
Robert Walters PLCTrading Statement
ScS Group PLCFull Year Results
Target Healthcare REIT PLCFull Year Results
YouGov PLCFull Year Results
Wednesday 11 October 
discoverIE Group PLCTrading Statement
Eneraqua Technologies PLCFull Year Results
Marston's PLCTrading Statement
Netcall PLCFull Year Results
PageGroup PLCTrading Statement
QinetiQ Group PLCTrading Statement
Sanderson Design Group PLCHalf Year Results
Tharisa PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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2 Oct 2023 09:41

LONDON BROKER RATINGS: Morgan Stanley cuts NatWest; PageGroup raised

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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2 Oct 2023 07:52

LONDON BRIEFING: United Utilities plots GBP14 billion of expenditure

(Alliance News) - London's FTSE 100 is called lower on Monday, with market sentiment still ropey at the start of the fourth-quarter, despite a deal being struck for the US to avoid a government shutdown.

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22 Sep 2023 08:22

TOP NEWS: Croda picks Direct Line Chair Gray to be chair in new year

(Alliance News) - Croda International PLC on Friday said it has hired Danuta Gray as non-executive director and chair designate to succeed Anita Frew.

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20 Sep 2023 09:43

PageGroup targets GBP1.5 billion in shareholder returns up to 2030

(Alliance News) - Recruiter PageGroup PLC on Wednesday set out plans to achieve profit growth between now and 2030, and it announced its goal to trim its cost base.

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24 Aug 2023 15:48

UK dividends calendar - next 7 days

Friday 25 August 
Aberforth Smaller Companies Trust PLCdividend payment date
abrdn Asian Income Fund Ltddividend payment date
Alternative Income REIT PLCdividend payment date
Aptitude Software Group PLCdividend payment date
Atrato Onsite Energy PLCdividend payment date
Bellevue Healthcare Trust PLCdividend payment date
Bloomsbury Publishing PLCdividend payment date
D4t4 Solutions PLCdividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
GCP Asset Backed Income Fund Ltddividend payment date
Greencoat UK Wind PLCdividend payment date
Henderson Far East Income Ltddividend payment date
International Biotechnology Trust PLCdividend payment date
James Latham PLCdividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Nexteq PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
Schroder Real Estate Investment Trust Ltddividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Volex PLCdividend payment date
Monday 28 August 
no events scheduled 
Tuesday 29 August 
no events scheduled 
Wednesday 30 August 
JPMorgan Global Core Real Assets Ltddividend payment date
Majedie Investments PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
Thursday 31 August 
abrdn Equity Income Trust PLCex-dividend payment date
abrdn Property Income Trust Ltddividend payment date
AEW UK REIT PLCdividend payment date
Alliance Trust PLCex-dividend payment date
Antofagasta PLCex-dividend payment date
Bankers Investment Trust PLCdividend payment date
Capital & Regional PLCex-dividend payment date
Centamin PLCex-dividend payment date
City Of London Investment Trust PLCdividend payment date
Clarkson PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
CQS New City High Yield Fund Ltddividend payment date
Croda International PLCex-dividend payment date
Custodian Property Income REIT PLCdividend payment date
Diverse Income Trust PLCdividend payment date
Diversified Energy Co PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
Genuit Group PLCex-dividend payment date
Glencore PLCex-dividend payment date
Glencore PLCspecial ex-dividend payment date
Henderson Diversified Income Trust PLCex-dividend payment date
Henderson International Income Trust PLCdividend payment date
InterContinental Hotels Group PLCex-dividend payment date
International Personal Finance PLCex-dividend payment date
Ithaca Energy PLCex-dividend payment date
JPMorgan American Investment Trust PLCex-dividend payment date
JPMorgan Global Growth & Income PLCex-dividend payment date
Knights Group Holdings PLCex-dividend payment date
LondonMetric Property PLCex-dividend payment date
PageGroup PLCex-dividend payment date
PageGroup PLCspecial ex-dividend payment date
Picton Property Income Ltddividend payment date
Polar Capital Global Financials Trust PLCdividend payment date
Polar Capital Global Healthcare Trust PLCdividend payment date
Premier Miton Global Renewables Trust PLCex-dividend payment date
Quilter PLCex-dividend payment date
Redde Northgate PLCex-dividend payment date
Robert Walters PLCex-dividend payment date
Savills PLCex-dividend payment date
Secure Trust Bank PLCex-dividend payment date
TClarke PLCex-dividend payment date
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UK Commercial Property REIT Ltddividend payment date
Unilever PLCdividend payment date
Utilico Emerging Markets Trust PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Aug 2023 08:48

Recruiter Hays names new CEO as it battles tough market conditions

Names insider Dirk Hahn as new CEO

*

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7 Aug 2023 09:03

LONDON MARKET OPEN: LSL slips on profit warning; PageGroup profit down

(Alliance News) - Stock prices in London opened lower on Monday, in a tepid start to the week, as markets wait for further catalysts.

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7 Aug 2023 08:06

TOP NEWS: PageGroup interim profit falls; costs outpace revenue growth

(Alliance News) - PageGroup PLC on Monday kept its outlook for 2023 unchanged as it reported a lower profit for the first half of the year, amid a significantly lower special dividend.

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