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WINNERS & LOSERS SUMMARY: NMC Health Rises After Upping Guidance

Mon, 22nd Oct 2018 10:47

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------NMC Health, up 4.8%. The UAE-based private healthcare company lifted its annual guidance due to "positive developments" in the second half of 2018. NMC raised its 2018 revenue growth expectations to 24% from 22%. Earnings before interest, taxes, depreciation and amortisation guidance was lifted to USD480 million from USD465 million. In calendar 2017, the company recorded revenue of USD1.60 billion and Ebitda of USD353.4 million. The revenue growth guidance suggests 2018 revenue of GBP1.98 billion. For 2019, revenue is forecast to increase by between 22% and 24% and Ebitda by 18% to 20%. The 2019 guidance does not include the effects of implementation of IFRS 16 accounting standards and the anticipated financial consolidation of National Medical Care. NMC Health also predicts continuation of strong organic growth in 2019 on the back of the ramp-up of key facilities, integration and expansion of acquired entities, and a strong operational performance. ----------Rightmove, up 2.7%. UBS upgraded the property portal to Buy from Sell. ----------FTSE 100 - LOSERS----------GVC Holdings, down 2.5%, Paddy Power Betfair, down 2.0%. The gambling companies were lower after The Financial Times on Sunday reported UK Chancellor Philip Hammond is expected to clamp down on offshore gambling companies in next week's budget. Hammond has prepared plans to increase the remote gaming duty paid by overseas operators who offer online casino games, the FT reported citing government aides. This could raise GBP1 billion for the UK government over the next five years. The chancellor is expected to lift the remote gaming duty from the current level of 15% of "gross gambling yield" to between 20% to 25%, according to the newspaper. The reported also noted that some operators, including Ladbrokes and William Hill, have set up online operations based in Gibraltar. Midcap bookmaker William Hill was down 1.0%. ----------FTSE 250 - WINNERS----------Man Group, up 4.1%. UBS raised the investment management company to Buy from Neutral. ----------FTSE 250 - LOSERS----------ConvaTec Group, down 3.0%. HSBC downgraded the wound dressings maker to Hold from Buy. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Ryanair Holdings, up 4.1%. The Irish airline said profit fell in the first half of its current financial year due to the higher fuel costs and compensation of passengers affected by flight delays and cancellations. Ryanair said pretax profit for the six months ended September 30 declined 13% to EUR1.26 billion from EUR1.45 billion reported for the same period a year earlier, despite revenue improving by 8.1% to EUR4.79 billion from EUR4.43 billion. Ryanair said higher fuel, staff and compensation costs offset the strong revenue growth. The company guided after tax profit for all of financial 2019 to the end of March to be between EUR1.10 billion and EUR1.20 billion. "The key takeaway from Ryanair's results is that life doesn't seem to be getting worse. A decline in profit isn't a surprise given it had already laid the foundations for a bad set of numbers in a previous trading update. Instead, the market is breathing a sigh of relief that full year earnings guidance hasn't had to be downgraded again," said AJ Bell's Russ Mould. ----------Safestyle UK, up 31%. The windows and doors maker said it entered into new commercial agreement with its founder Mitu Misra, who was party to the company's legal dispute with rival NIAMAC Developments, which trades a SafeGlaze UK. Under the five-year non-compete agreement, Misra will provide services to support the continued recovery of Safestyle, it said. The company also said it will allot four million shares and a payment of cash consideration of up to GBP2.0 million to Misra, if Safestyle's trading performance in 2019 will be above existing market expectations. However, the company noted that both the allotment of shares and payment of the cash fees, if any, would only be made in the final quarter of 2020. ----------WideCells Group, up 15%. The stem cell-focused healthcare services group said CellPlan, its stem cell healthcare insurance subsidiary, signed a partnership agreement with stem cell extraction and storage firm Smart Cells. Under the agreement, Smart Cells will offer CellPlan's insurance plan to its 60,000 clients across multiple regions, beginning in Spain in the next four weeks. From there, it will be released in the UK and then worldwide. With CellPlan operations already in place in Spain and the UK, insurance sales are expected to start very soon, generating revenue from Smart Cells' client base.----------
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10 Aug 2018 16:59

LONDON MARKET CLOSE: Trade Fears Sink Stocks, Solid GDP Partly Offsets

LONDON (Alliance News) - Stocks in London closed lower Friday following global peers amid rising global tensions, though the impact in the UK was softened by generally upbeat GDP growth figures. The

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8 Aug 2018 17:09

LONDON MARKET CLOSE: FTSE Defies Trade Woes To Outshine European Peers

LONDON (Alliance News) - Stocks ended higher on Wednesday amid weakness in the pound, with London's flagship index outperforming European counterparts as trade war fears plagued financial markets

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8 Aug 2018 12:12

LONDON MARKET MIDDAY: FTSE 100 Up As No-Deal Brexit Fears Sinks Pound

LONDON (Alliance News) - Stocks in London were higher at midday on Wednesday with the FTSE 100 given a boost by the weak pound, which continued to sink over "No-deal" Brexit concerns.The up

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8 Aug 2018 11:17

EXTRA: Paddy Power Progresses Buyback But Lowers Annual Forecasts

LONDON (Alliance News) - Paddy Power Betfair PLC on Wednesday said the second tranche of its share buyback is to commence shortly, as it reported profit growth in the first half of the bookmaker a

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8 Aug 2018 10:56

WINNERS & LOSERS SUMMARY: Hill & Smith Sinks As Interim Profit Drops

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - LOSERS----------Paddy Power

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8 Aug 2018 08:44

TOP NEWS: Paddy Power Cuts Earnings Guidance As Interim Profit Rises

LONDON (Alliance News) - Paddy Power Betfair PLC on Wednesday said its profit grew slightly in the first half of 2018, but the bookmaker lowered its earnings expectations due to uncertainty over a

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8 Aug 2018 08:39

LONDON MARKET OPEN: Stocks Mixed As Paddy Power, Glencore Fall

LONDON (Alliance News) - Stock prices in London were mixed early on Wednesday, with Paddy Power and Glencore dragging the large cap index while Hill &

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8 Aug 2018 07:50

LONDON MARKET PRE-OPEN: Stocks Called Lower, Glencore Earnings Surge

LONDON (Alliance News) - Stock prices in London are called for a lower open on Wednesday, as miner Glencore reported a record interim earnings performance, as did newly-spun out wealth manager the

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8 Aug 2018 07:15

World Cup helps Paddy Power Betfair H1 to small rise

(Sharecast News) - A flurry of betting before the football World Cup in the second quarter increased interim pre-tax profits at Paddy Power Betfair by 4% to £106m as revenue rose 5% to £867m.

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3 Aug 2018 08:44

Paddy Power Betfair's FanDuel inks deal with Boyd Gaming

(Sharecast News) - Paddy Power Betfair announced on Friday that its subsidiary, FanDuel Group, has entered into an agreement with Boyd Gaming to co-operate in the US sport betting and online casino markets.

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3 Aug 2018 07:40

LONDON MARKET PRE-OPEN: RBS To Resume Payout For First Time Since 2008

LONDON (Alliance News) - Stock prices in London were seen opening higher, rebounding from sharp losses on Thursday, as Royal Bank of Scotland said it will pay its first dividend out

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1 Aug 2018 16:11

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 2 August ConvatecHalf Year ResultsRolls-Royce HoldingsHalf Year Year Year Year 3

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2 Jul 2018 18:23

HSBC Rises Holding In Paddy Power To 5.4% From Below Notifiable Level (ALLISS)

LONDON (Alliance News) - Paddy Power Betfair PLC on Monday said HSBC Bank PLC upped holding in the FTSE 100-listed gambling firm.After a transaction on Tuesday last week, the bank increased

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15 Jun 2018 18:11

DIRECTOR DEALINGS: Soon-To-Join Bank Of Ireland Chairman Buys Stock

LONDON (Alliance News) - Bank of Ireland Group PLC said incoming Chairman Patrick Kennedy bought EUR202,350 worth of shares in the company on Friday.Kennedy bought 30,000 shares at a price

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24 May 2018 17:36

LONDON MARKET CLOSE: FTSE 100 Closes Lower After Data Boosts Pound

LONDON (Alliance News) - Stocks in London closed lower Thursday after the pound rose following the announcement that UK retail sales rebounded in April with a 1.6% rise.The FTSE 100 index - with a of

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