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WINNERS & LOSERS SUMMARY: TalkTalk Telecom Sinks After Profit Warning

Fri, 01st Feb 2019 10:54

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Paddy Power Betfair, up 2.5%. The bookmaker said it has acquired a controlling stake in Georgian online gaming company Adjarabet for GBP101 million in cash. Paddy Power Betfair has acquired a 51% interest in Adjarabet, and through option arrangements expects to acquire the remaining 49% three years after the acquisition. The acquisition will provide Paddy Power with exposure to the Georgian market and the newly growing Armenian market, it said. For 2018, Adjarabet reported revenue at GEL215 million, or GBP64 million, and earnings before interest, taxes, deprecation and amortisation at GEL68 million.----------FTSE 100 - LOSERS----------Fresnillo, down 1.9%. The gold miner was tracking spot gold prices lower, quoted at USD1,318.10 an ounce from USD1,322.57. The precious metal was retreating from the eight-month highs reached on Thursday as demand for safe-haven assets waned. ----------Intertek, down 0.9%. Jefferies downgraded the product testing and certification company to Hold from Buy. ----------FTSE 250 - WINNERS----------Metro Bank, up 4.9%. Shares in the high street lender were rebounding after it confirmed on Thursday it was UK regulators who initially uncovered irregularities in its loan book and not the company itself. The stock closed down 11% on Thursday and plunged 39% last Wednesday on the news of the accounting error.----------Plus500, up 3.5%. Peel Hunt raised the contracts-for-difference provider and forex broker to Add from Hold. ----------Ferrexpo, up 3.1%. The iron ore pellet company has gained 36% in the past week following a surge in iron ore prices following the Brumadinho dam disaster in Brazil a week ago. ----------FTSE 250 - LOSERS----------TalkTalk Telecom, down 7.6%. The home phone and broadband provider warned earnings for its current financial year are set to miss analyst consensus. Looking to its year ending March, TalkTalk said its underlying business in on track with "significant" year-on-year headline profit growth expected. It is guiding for headline earnings before interest, tax, depreciation, and amortisation of GBP245 million to GBP250 million, from GBP197 million a year prior. This is below consensus, however, of GBP259 million. Earnings will be hit between GBP10 million to GBP15 million due to accounting changes, investment and mix in the Fibre segment. TalkTalk is confident on "strong" earnings growth in its year ending March 2020, and should meet market expectations of GBP271 million. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Cambria Africa, up 20%. The Zimbabwe-focused investment company said its profit rose more than fourfold in its recently ended financial year, with revenue up by 10%. Pretax profit for the year to the end of August was USD3.0 million, up more than fourfold from USD716,000 the year before. The profit hike was due to a substantial reduction in operating costs to USD4.0 million from USD5.0 million, as well as 10% growth in revenue to USD9.4 million from USD8.6 million. Looking ahead, Cambria said it was well positioned to stand against uncertainties, caused by the Zimbabwe government introducing measures said to quash hopes for foreign investment.----------M&C Saatchi, up 15%. The advertising firm said it expects its annual results to be in line with the board's expectations as it saw organic revenue growth in 2018. Separately, the company said it disposed of a business unit to French advertising giant Publicis Groupe. For 2018, the UK advertising firm said it continued to "outrun sector averages". Furthermore, the company said it made a good start to 2019 and is confident to make further good progress. M&C Saatchi said it sold its remaining 24.9% stake in Walker Media to French ad giant Publicis for GBP25 million in cash. The company will use the sale proceeds to fund future growth and start new businesses.----------OTHER MAIN MARKET AND AIM - LOSERS----------CML Microsystems, down 20%. The semiconductor manufacturer said its new order bookings in the second half were behind management expectations. The company said it expects its revenue in the second half to be behind its first half and its full year revenue to be 12% behind the year before. CML also said its profit for the year will be "materially below" current market expectations. For the six months ended September 2018, CML reported pretax profit of GBP2.37 million on revenue of GBP15.1 million. For the financial year ended March 2018, the firm reported pretax profit of GBP4.6 million on revenue of GBP31.7 million. CML attributed its second half performance on the "tangible effects of a softening" Chinese economy coupled with "on-going geopolitical issues". CML said this has resulted in weaker demand.----------

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24 May 2018 12:02

LONDON MARKET MIDDAY: Pound Rises As UK Retail Sales Offer Relief

LONDON (Alliance News) - Stocks in London at midday Thursday were mixed as the pound rose following the announcement that UK retail sales rebounded in April with a 1.6% rise."The FTSE 100 is in

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24 May 2018 11:05

WINNERS & LOSERS SUMMARY: Electrocomponents Charged Up As Profit Rises

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Intertek up

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16 May 2018 17:33

LONDON MARKET CLOSE: Miners Help FTSE 100 Edge Closer To Record High

LONDON (Alliance News) - Stocks in London ended higher on Wednesday driven by weakness in the pound and gains from the heavyweight mining sector, as the FTSE 100 moved closer towards all-time FTSE up

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16 May 2018 12:03

LONDON MARKET MIDDAY: FTSE 100 Edges Higher With Micro Focus Gaining

LONDON (Alliance News) - Stocks in London had given back some of their early gains by midday on Wednesday, though managed to remain in the green."The FTSE 100 has edged higher once more this the

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16 May 2018 10:38

WINNERS & LOSERS SUMMARY: Crest Nicholson Leads Housebuilders Lower

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Micro up is

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16 May 2018 08:38

LONDON MARKET OPEN: Micro Focus, Burberry Up; Crest Nicholson Slumps

LONDON (Alliance News) - Gains for Micro Focus International, Burberry and Mondi saw the FTSE 100 climb early Wednesday, despite lower finishes in a

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16 May 2018 07:41

LONDON MARKET PRE-OPEN: Burberry Profit Up; Paddy Power In US Talks

LONDON (Alliance News) - Share prices in London are called for a lower open on Wednesday, as stocks in the US finished lower overnight and equities in Asia also trade in the red."This rise in US

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14 May 2018 18:00

CORRECT: Bookmakers Higher As US Supreme Court Lifts Ban

(Correcting that the FTSE 100 eased from multi-year highs.)LONDON (Alliance News) - Stocks in London ended mixed on Monday with the FTSE 100 easing from the three-month high seen last week, as from a

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14 May 2018 17:33

LONDON MARKET CLOSE: Bookmakers Higher As US Supreme Court Lifts Ban

LONDON (Alliance News) - Stocks in London ended mixed on Monday with the FTSE 100 easing from its multi-year highs seen last week, as bookmakers benefited from a sports betting ruling in the US. The

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11 May 2018 16:08

UK Shareholder Meetings Calendar - Next 7 Days

Monday 14 MayCentricaMidwich GroupSafecharge International GroupTuesday 15 16

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2 May 2018 10:42

WINNERS & LOSERS SUMMARY: Inmarsat Surges After Strong First Quarter

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Glencore, up 2.9%,

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24 Apr 2018 11:09

WINNERS & LOSERS SUMMARY: CityFibre Soars After Agreeing Takeover

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------BP,

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24 Apr 2018 10:33

PRESS: UK Chancellor Favours GBP2.00 Fixed-Odds Betting Terminal Limit

LONDON (Alliance News) - The Times on Tuesday reported a move to cut the maximum stake on fixed odds betting terminals to GBP2.00 is due to be announced "within weeks" asthe on to

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19 Mar 2018 17:22

DIRECTOR DEALINGS SUMMARY: Paddy Power CEO Peter Jackson Buys Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.----------Paddy Power Betfair said Chief Executive Officer Peter Jackson bought

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19 Mar 2018 15:28

DIRECTOR DEALINGS: Paddy Power Chief Executive Jackson Buys Shares

LONDON (Alliance News) - Paddy Power Betfair PLC said on Monday its Chief Executive Officer Peter Jackson bought a total of 5,708 shares in the gambling company in two a on at

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