The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPMO.L Share News (PMO)

  • There is currently no data for PMO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SMALL-CAP WINNERS & LOSERS: On The Beach Falls Amid Travel Woes

Fri, 12th Feb 2021 10:30

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

----------

SMALL-CAP - WINNERS

----------

Helical, up 3.6% at 372.50 pence, 12-month range 200.43p-540.00p. The London-based property investor was higher on Friday morning after Peel Hunt raised the stock to Buy from Add.

----------

SMALL-CAP - LOSERS

----------

On The Beach, down 4.4% at 289.25p, 12-month range 112.60p-438.20p. Travel stocks were lower on Friday after UK Health Secretary Matt Hancock on Thursday cautioned the rollout of coronavirus vaccines is "absolutely essential" for summer holidays. In addition, online travel agent Lastminute.com has been threatened with court action by the UK competition watchdog for failing to pay out refunds to some customers, highlighting the financial pressure on the holiday industry. On The Beach shares are 19% lower this week.

----------

John Menzies, down 2.1% at 209.13p, 12-month range 66.90p-421.00p. The Edinburgh-based aviation services firm tracked travel stocks lower on Friday.

----------

Premier Oil, down 3.1% at 20.03p, 12-month range 10.02p-109.00p. The oil company's shares are down on Friday as Brent prices dipped. A barrel of the North Sea benchmark fetched USD60.68 Friday morning London time, down from USD61.35 at the London equities close.

----------

Gulf Marine Services, down 4.6% at 6.20p, 12-month range 2.10p-22.00p. Gulf Marine shares have been similarly hit by falling oil prices. The Abu Dhabi-founded firm provides self-propelled self-elevating support vessels for oil, gas and renewable energy industries.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
6 Oct 2020 08:02

UPDATE 5-Chrysaor to take over Premier Oil, creating UK North Sea's biggest producer

* Merger will create biggest UK N. Sea oil, gas producer* Premier had $1.9 bln in net debt* Reverse takeover would retain Premier's London listing* Premier shareholders expected to own under 6% of new group* FACTBOX on North Sea oil's changing owners...

Read more
6 Oct 2020 08:02

UPDATE 4-Chrysaor to take over Premier Oil, creating UK North Sea's biggest producer

* Merger will create biggest UK N. Sea oil, gas producer* Premier had $1.9 bln in net debt* Reverse takeover would retain Premier's London listing* Premier shareholders expected to own under 6% of new group* FACTBOX on North Sea oil's changing owners...

Read more
6 Oct 2020 08:02

UPDATE 3-Chrysaor to take over Premier Oil, paying off Premier creditors

* Merger will create biggest UK N. Sea oil, gas producer* Premier had $1.9 bln in net debt* Reverse takeover would retain Premier's London listing* Premier shareholders expected to own under 6% of new group (Adds details on payment for creditors)By ...

Read more
6 Oct 2020 08:02

UPDATE 2-Chrysaor to take over Premier Oil, paying off Premier creditors

* Merger will create biggest UK N. Sea oil, gas producer* Premier had $1.9 bln in net debt* Reverse takeover would retain Premier's London listing* Premier shareholders expected to own under 6% of new group (Adds graphics, comment, detail)By Shadia ...

Read more
6 Oct 2020 08:02

UPDATE 1-Premier Oil agrees to merge with Chrysaor, pay off creditors

* Merger will create biggest UK N. Sea oil, gas producer* Premier had $1.9 bln in net debt* Reverse takeover would retain Premier's London listing* Premier shareholders expected to own under 6% of new group (Adds detail, background)Oct 6 (Reuters) -...

Read more
6 Oct 2020 07:55

LONDON BRIEFING: BHP To Increase Stake In Gulf Of Mexico Development

LONDON BRIEFING: BHP To Increase Stake In Gulf Of Mexico Development

Read more
6 Oct 2020 07:44

LIVE MARKETS-On our radar: M&A music, Lufthansa's cash burn, UK pubs

* European stock futures up slightly* Trump returns to the White House* Asia shares hit 2-week high Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with J...

Read more
6 Oct 2020 07:43

LONDON MARKET PRE-OPEN: Watches Of Switzerland Ups Full-Year Guidance

LONDON MARKET PRE-OPEN: Watches Of Switzerland Ups Full-Year Guidance

Read more
1 Oct 2020 10:27

Premier Oil Creditors Agree To Waive Covenants Until Early November

Premier Oil Creditors Agree To Waive Covenants Until Early November

Read more
1 Oct 2020 10:26

UPDATE 1-Premier Oil creditors extend debt test waiver to Nov. 5

* Creditors poised to choose future path for Premier* Potential Chrysaor deal still on table* Little interest in debt auction at 72 cents/dollar -source (Adds detail on ARCM debt auction, alternative deal)By Shadia Nasralla and Clara DeninaLONDON, O...

Read more
1 Oct 2020 07:24

Premier Oil creditors extend debt test waiver to Nov. 5

LONDON, Oct 1 (Reuters) - Creditors of North Sea-focused Premier Oil have extended a waiver for the group's debt covenant test until Nov. 5, giving it breathing space to avoid a debt crunch, the company said on Thursday.Premier needs to convince a...

Read more
25 Sep 2020 18:48

Premier Oil seeks new covenant waiver extension - source

LONDON, Sept 25 (Reuters) - Premier Oil is asking debt holders to extend a waiver on its borrowing terms beyond Sept. 30 while it tries to convince at least 75% of its creditors to back a plan to raise fresh equity, a source with knowledge of the...

Read more
23 Sep 2020 16:35

Premier Oil seeks another price cut for BP North Sea deal -sources

* Premier wants to lower deal price by $70-$80 mln -sources* BP agreed in June to sweeten terms of dealBy Clara Denina and Ron BoussoLONDON, Sept 23 (Reuters) - Struggling oil and gas producer Premier Oil has begun talks with BP to lower for the s...

Read more
21 Sep 2020 13:04

Hedge fund ARCM to sell $200 mln of Premier Oil debt -sources

By Clara DeninaLONDON, Sept 21 (Reuters) - Premier Oil's biggest lender, hedge fund Asia Research and Capital Management (ARCM), plans to auction $200 million of the energy producer's debt ahead of a $530 million equity raise by the company, three...

Read more
17 Sep 2020 18:22

UPDATE 1-Premier Oil receives indicative support of $325 mln for capital increase -source

(Adds details)LONDON, Sept 17 (Reuters) - Premier Oil has received indicative, non-binding support in excess of a targeted $325 million for a capital increase linked to a debt restructuring, a source with knowledge of the matter said.The company n...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.