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WINNERS & LOSERS SUMMARY: Domino's Pizza Warns Of International Loss

Tue, 07th May 2019 10:44

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Vodafone, up 1.8%. The telecommunications firm said it signed a cable wholesale agreement with Telefonica Deutschland to allow the German company to offer broadband services via Vodafone's network. Under the deal, Telefonica DE will be able to market broadband services over the combined Vodafone and Unitymedia cable network in Germany, which covers 23.7 million households, the company explained.----------AstraZeneca, up 1.2%. The Anglo-Swedish drugmaker said trial results of Calquence showed significant increase in time patients lived without progression of chronic lymphocytic leukaemia disease. AstraZeneca said positive results from the Phase III Ascend trial showed a statistically-significant and clinically-meaningful improvement in progression-free survival with Calquence monotherapy compared to a combination regimen of rituximab plus physician's choice of idelalisib or bendamustine. Importantly, the safety and tolerability of Calquence was consistent with the known profile. Calquence is currently approved for the treatment of adults with relapsed or refractory mantle cell lymphoma in the US, Brazil, the UAE, and Qatar, and is being developed for the treatment of chronic lymphocytic leukaemia and other blood cancers.----------FTSE 250 - WINNERS----------Syncona, up 1.6%. The life-sciences investor said it was encouraged by portfolio firm Blue Earth Diagnostics' prostate cancer imaging tests results. The healthcare company said that a trial on 58 patients of Blue Earth's radiohybrid PSMA-targeted agent, rhPSMA-7, demonstrated sensitivity of 72%, specificity of 93% and diagnostic accuracy 86%, when compared to histopathological findings. Martin Murphy, Chief Executive of Syncona Investment Management Ltd, said: "We are encouraged by these results, which provide further evidence to support the potential clinical utility of rhPSMA-7 in both high-risk primary and recurrent prostate cancer." Syncona owns a 89% stake in Blue Earth Diagnostics. ----------FTSE 250 - LOSERS----------Domino's Pizza, down 5.2%. The pizza delivery chain said it no longer believes its International operations will break even in 2019 after a disappointing first quarter. Domino's International operations - Norway, Sweden, Iceland and Switzerland - saw sales down 2.0% to GBP25.1 million from GBP25.6 million. However, the London-listed firm's domestic unit reported a robust performance in the 13 weeks to March 31, with UK & Ireland system sales up 4.8% to GBP299.3 million from GBP285.5 million. UK like-for-like sales rose 3.1% while in Ireland were up 6.8%. Total group system sales in the period increased 4.3% to GBP324.4 million from GBP311.1 million in the comparative period a year ago. "Domino's is struggling to make their international businesses fire on all cylinders. It is disappointing to see them losing ground in almost all of the areas that the group operates, outside of the UK and Ireland. The trading update is unsurprisingly badly received by the market," said Hargreaves Lansdown's Steve Clayton. ----------G4S, down 3.5%. Canadian firm Garda World Security on Sunday said it does not intend to make an offer for the UK-listed security company. At the beginning of April, Garda World had said it was in the "preliminary stage" of considering an approach to G4S, to be made in cash. At the time, it provided no further details. G4S on Sunday noted the Garda World statement and confirmed that since April it has not received any approach from the Canadian firm. "The group continues to focus on its previously announced review of options for the separation of its Cash Solutions business from the group," G4S said.----------Kier, down 2.5%. The construction firm said Finance Director Bev Dew is to leave the firm by the end of September. Kier did not say why Dew will be departing, but said it has started the search for a successor.----------OTHER MAIN MARKET AND AIM - WINNERS----------Vectura, up 12%. The pharmaceutical company said it won a patent infringement case against blue chip drugmaker GlaxoSmithKline and was awarded USD89.7 million in damages. The decision followed a court process started in 2016, when Vectura filed a patent infringement lawsuit against Glaxo in the US District Court for the District of Delaware related to US sales of three of Glaxo's Ellipta products. Vectura and Glaxo entered into an agreement in 2010 under which Glaxo had taken a license to formulation technology covered by a Vectura patent which expired in 2016. At that time, Glaxo declined to renew the licensing agreement, resulting in the filing of the lawsuit by Vectura. On Friday, a trial by jury found Vectura's claim valid and declared GSK's infringement as "willful". The willfulness finding grants Vectura the right to seek enhanced damages, the company explained. Glaxo however has the option to appeal the decision. Glaxo shares were down 0.4%. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Purplebricks, down 4.6%. The online estate agent said Founder & Chief Executive Michael Bruce is stepping down with immediate effect following a "disappointing" 12 months. Bruce is being replaced as CEO by former Moneysupermarket.com Group Managing Director Vic Darvey. Darvey currently is chief operating officer at Purplebricks, joining only in January. Purplebricks has decided to exit the Australian market. The company said market conditions have become "increasingly challenging", which combined with "execution errors" resulted in the division "not delivering the progress" the company expected. In addition, the company placed its US business under review. Non-Executive Chair Paul Pindar "sincerely apologised" to the company's shareholders for the performance in the past 12 months.----------

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11 May 2023 09:18

Strike not planning to bid for Purplebricks, shares crash

(Sharecast News) - Estate agent Purplebricks tumbled again on Thursday after rival Strike said it was not planning to make an offer for the company but remains in talks about a potential purchase of the business and assets.

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10 May 2023 18:00

Purplebricks grants Strike period of exclusivity as review continues

(Alliance News) - Purplebricks Group PLC on Wednesday granted Strike Ltd a short period of exclusivity in order to negotiate a possible sale of the business and assets of the company.

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9 May 2023 17:00

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(Alliance News) - Stocks in London closed largely lower on Tuesday amid market nerves ahead of incoming US inflation data and the Bank of England's next interest rate decision.

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9 May 2023 11:47

Purplebricks expects decreased earnings, says sales talks are ongoing

(Alliance News) - Purplebricks Group PLC on Tuesday predicted drops in revenue and earnings in the year ahead, after property instruction levels failed to increase as expected, and reaffirmed its decision to explore a potential sale of the company and said negotiations continue.

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9 May 2023 10:30

AIM WINNERS & LOSERS: Capital Metals signs MoU; Echo Energy sells

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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9 May 2023 09:09

LONDON MARKET OPEN: Stocks down; JD Sports buys in Europe

(Alliance News) - Stock prices in London opened lower on Tuesday after a long bank holiday weekend and new data showing that UK house prices slipped in April.

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9 May 2023 08:22

Purplebricks no longer likely to generate cash in FY24, shares tumble

(Sharecast News) - Purplebricks tanked on Tuesday after the estate agent said it no longer expects a return to cash generation in early FY24 and warned that any potential sale of the business would be expected to deliver returns to shareholders "materially below" the current share price.

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12 Apr 2023 17:42

Purplebricks extends deadline for Strike to make offer

(Alliance News) - Purplebricks Group PLC on Wednesday said it has extended the deadline for online estate agent Strike Ltd to make an offer for the company.

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12 Apr 2023 15:54

Purplebricks sale process 'ongoing', Strike offer deadline extended

(Sharecast News) - Real estate agency Purplebricks said on Wednesday that its formal sales process had progressed into "a more targeted phase of detailed diligence and discussions".

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17 Mar 2023 10:48

AIM WINNERS & LOSERS: Verditek shares surge on contract win

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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15 Mar 2023 12:12

Purplebricks in talks with Strike over participation in sale process

(Alliance News) - Purplebricks Group PLC confirmed on Wednesday talks with Strike Ltd regarding a potential offer in formal sales process.

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15 Mar 2023 12:03

LONDON MARKET MIDDAY: Credit Suisse leads bank shares deep into hole

(Alliance News) - Equity prices in Europe traded sharply lower in afternoon dealings on Wednesday as banking shares once again bore the brunt of a bruising stock market sell-off, with investor confidence in the sector depleting rapidly.

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15 Mar 2023 10:58

AIM WINNERS & LOSERS: M&A prospects lift Purplebricks and Reabold

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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15 Mar 2023 09:54

Purplebricks in talks with rival Strike over potential sale

(Sharecast News) - Purplebricks said on Wednesday that it has been in talks with rival Strike about possible participation in the formal sale process announced earlier this month.

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