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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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12 Apr 2022 07:09

PageGroup CEO announces exit after record quarter

(Sharecast News) - PageGroup announced a record quarter for the start of 2022 and said its chief executive, Steve Ingham, was leaving after 16 years at the top of the recruitment company.

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7 Apr 2022 09:49

LONDON BROKER RATINGS: Jefferies cuts TI Fluid, PageGroup, Energean

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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6 Apr 2022 15:52

UK earnings, trading statements calendar - next 7 days

Thursday 7 April 
Alpha Financial Markets Consulting PLCTrading Statement
Attraqt Group PLCFull Year Results
Entain PLCQ1 Results
Robert Walters PLCQ1 Results
Tracsis PLCHalf Year Results
Friday 8 April 
CMC Markets PLCTrading Statement
Ferrexpo PLCTrading Statement
Monday 11 April 
Tortilla Mexican Grill PLCFull Year Results
Sirius Real Estate LtdTrading Statement
Tuesday 12 April 
ASOS PLCHalf Year Results
Cambridge Cognition Holdings PLCFull Year Results
Destiny Pharma PLCFull Year Results
easyJet PLCTrading Statement
JD Sports Fashion PLCFull Year Results
Liontrust Asset ManagementTrading Statement
M Winkworth PLCFull Year Results
Microlise Group PLC18-Month Results
Moneysupermarket.com Group PLCTrading Statement
Nanoco Group PLCHalf Year Results
Pennon Group PLCTrading Statement
Wednesday 13 April 
Distribution Finance Capital Holdings PLCFull Year Results
Pagegroup PLCQ1 Results
Petropavlovsk PLCFull Year Results
PZ Cussons PLCQ3 Results
Tesco PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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4 Apr 2022 09:47

LONDON BROKER RATINGS: Barclays downgrades Aviva and raises Just Group

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

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22 Mar 2022 15:10

IN BRIEF: Capita picks Diploma and PageGroup chair as its new chair

Capita PLC - London-based outsourcing services - Promotes Senior Independent Director David Lowden to chair, starting at the end of the company's annual general meeting on May 10. Ian Powell will not stand for re-election at the meeting, having served as chair since 2017 and on the board since 2016. Lowden has been senior independent director since the beginning of last year. He also is chair of technical products and services firm Diploma PLC and, until April 30, of recruiter PageGroup PLC. He is senior independent director of construction firm Morgan Sindall Group PLC. Capita is looking for a new senior independent director to replace Lowden.

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3 Mar 2022 18:23

EARNINGS REPORTS: PageGroup, Coats beat pre-virus levels in 2021

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 Mar 2022 09:15

PageGroup hails record year as permanent recruitment recovers

(Sharecast News) - Recruiter PageGroup hailed a record full year on Thursday following a recovery in permanent recruitment.

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24 Feb 2022 15:54

UK earnings, trading statements calendar - next 7 days

Friday 25 February 
Evraz PLCFull Year Results
IMI PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 28 February 
Associated British Foods PLCTrading Statement
BATM Advanced Communications LtdFull Year Results
Bunzl PLCFull Year Results
CentralNic Group PLCFull Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Grit Real Estate Income Group LtdHalf Year Results
Kitwave Group PLCFull Year Results
Kosmos Energy LtdQ4 Results
Made Tech Group PLCHalf Year Results
RHI Magnesita NVFull Year Results
Tuesday 1 March 
abrdn PLCFull Year Results
Croda International PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Hotel Chocolat Group PLCHalf Year Results
Intertek Group PLCFull Year Results
Man Group PLCFull Year Results
PCI-PAL PLCHalf Year Results
Quartix Technologies PLCFull Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
Rotork PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Vitec Group PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 2 March 
Polymetal International PLCFull Year Results
Just Eat Takeaway.com NVFull Year Results
Vistry Group PLCFull Year Results
Nichols PLCFull Year Results
Hotel Chocolat Group PLCHalf Year Results
Devro PLCFull Year Results
KRM22 PLCFull Year Results
Supermarket Income REIT PLCHalf Year Results
Foxtons Group PLCFull Year Results
Persimmon PLCFull Year Results
Hiscox PLCFull Year Results
musicMagpie PLCFull Year Results
Vivo Energy PLCFull Year Results
Aviva PLCFull Year Results
Thursday 3 March 
Admiral Group PLCFull Year Results
Avation PLCHalf Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Darktrace PLCHalf Year Results
Dotdigital GroupFull Year Results
Elementis PLCFull Year Results
Empiric Student Property PLCFull Year Results
Entain PLCFull Year Results
Franchise Brands PLCFull Year Results
Galliford Try Holdings PLCHalf Year Results
Hansard Global PLCHalf Year Results
Hutchmed (China) LtdFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Meggitt PLCFull Year Results
Melrose Industries PLCFull Year Results
Mondi PLCFull Year Results
PageGroup PLCFull Year Results
Rentokil Initial PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Synthomer PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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14 Jan 2022 09:55

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

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12 Jan 2022 10:35

PageGroup reports record quarter, returns to pre-Covid trading

(Sharecast News) - Recruitment specialist PageGroup reported group gross profit of £246.8m in its fourth quarter on Wednesday, up 55.1% year-on-year, and 24.2% over the pre-pandemic period in 2019.

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12 Jan 2022 10:21

PageGroup raises profit guidance after record quarterly performance

PageGroup raises profit guidance after record quarterly performance

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5 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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24 Dec 2021 09:29

IN BRIEF: PageGroup CEO Steve Ingham sells GBP3 million in shares

IN BRIEF: PageGroup CEO Steve Ingham sells GBP3 million in shares

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21 Dec 2021 11:35

EXECUTIVE CHANGES: New Hiscox CFO; BB director quits after suspension

EXECUTIVE CHANGES: New Hiscox CFO; BB director quits after suspension

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21 Dec 2021 10:32

PageGroup appoints Angela Seymour-Jackson as new chair

(Sharecast News) - Recruiter PageGroup has appointed Angela Seymour-Jackson to succeed David Lowden as chair when he retires on 30 April 2022.

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