LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------Taylor Wimpey, down 2.8%, Barratt Developments, down 2.7%, Berkeley Group, down 2.2%, Persimmon, down 2.0%. Despite UK house price rising in November, outlook is bleak for the coming year due to uncertain economic outlook. House price inflation accelerated more-than-expected in November after slowing in the previous month, data from the Nationwide Building Society showed. The house price index rose 1.9% year-on-year following a 1.6% increase in October. In August and September, price growth was 2%. Economists had expected house price growth of 1.7%. House price inflation increased for the first time in four months in November. On a month-on-month basis, the house price index rose 0.3% in November after remaining unchanged in October. Economists had expected a modest gain of 0.1%.----------Sage Group, down 3.5%. Goldman Sachs downgraded the accounting software provider to Neutral from Buy. ----------Barclays, down 2.5%, Standard Chartered, down 2.1%, Lloyds, down 2.0%, RBS, down 1.9%. Banks were struggling on the likelihood of Prime Minster Theresa May's Brexit deal getting defeated in the UK parliamentary vote due to take place on December 11. ----------Tesco, down 1.4%. The supermarket and Volkswagen announced a partnership to offer free charging stations for electric cars across the UK. Tesco and the German carmaker said they will create the "UK's largest retail network of electric vehicle chargers", with 2,400 charging bays across 600 Tesco sites. The network will be powered by Pod Point, a UK independent public charging operator. Customers will be able to charge the "vast majority" of electric cars, not just VW's models. It will be possible to charge cars via a standard 7 kilowatts fast charger for free, or for a small costs, via a "rapid" 50 kw charger. ----------FTSE 250 - LOSERS----------Thomas Cook, down 2.7%. Berenberg downgraded the travel agent to Sell from Hold. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Mobile Streams, up 98%. The mobile content retailer inked a direct billing agreement with Bharat Sanchar Nigam Ltd, with connection to over 100 million customers. Bharat Sanchar Nigam is India's state owned telecommunications company. Mobile Streams formed an Indian subsidiary, Mobile Streams India Private Ltd in 2015. The company is currently providing downloadable and online versions of their games store, mobilegaming.com. ----------Quadrise Fuels International, up 13%. The company signed a co-marketing and project development agreement with physical commodities merchant Freepoint Commodities. The agreement will form a structure for Quadrise and Freepoint to progress MSAR projects into long-term commercial agreements for the production and supply of MSAR fuel to defined territories on an exclusive basis. The preferred business model for both companies is to build, own and operate a facility jointly, to purchase residual streams under long-term contracts from a refiner and enter back to back contracts for MSAR fuel supply. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Webis Holdings, down 16%. The gaming company's unit WatchandWager.com renewed a multi-jurisdictional advance deposit wagering licence in the US state of California. The California Horse Racing Board approved WatchandWager's licence extension application, allowing the business to continue accepting wagers from California residents on worldwide horseracing for another three months. There will be a full renewal hearing in February 2019, where WatchandWager expects the licence to be renewed to December 2020. The California licence is considered to be important to WatchandWager, as it places the business in a strong position, in anticipation of legalised sorts betting in the US state. ----------Vast Resources, down 11%. The company saw a decrease in production from its Pickstone-Peerless gold mine in Zimbabwe and the Manaila polymetallic mine in Romania, due to the removal of oxide ore and higher pre-stripping activity. At Pickstone-Peerless, for the quarter to the end of September, the amount of ore mined increased by 3% to 104,156 tonnes from 100,855 tonnes the prior quarter and 4% rise in ore milled. However, gold production fell by 8.0% to 6,397 ounces from 6,955 ounces in the second quarter, as did gold sold, at 6,519 ounces from 7,087 ounces. Vast said the fall in production was in line with its strategy to ensure that no oxide ore is left behind in the pit, as processing both the oxide and sulphide ore is less efficient, with recoveries sub-optimal. Once the oxide ore is gone, the company will focus on the higher-grade sulphide ore. ----------
13 Mar 2023 12:24
IN BRIEF: Quadrise Fuels International announces new name
Quadrise Fuels International PLC - London-based innovator and licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Plans to change the company's name to Quadrise PLC, and its ticker to 'QED' from 'QFI'. Says the new name is part of the company's initiative to "emphasise Quadrise's position in the energy decarbonisation space amongst customers and investors and to acknowledge the material contribution that the company's technology solutions can make to reducing carbon intensity in marine, power and industrial applications." Expects the renaming of the company to occur prior to the end of March. The company's website will be refreshed at the same time.
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