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WINNERS & LOSERS SUMMARY: Ted Baker Up On Private Equity Buyout Report

Mon, 22nd Jul 2019 10:33

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------BP, up 1.8%, Royal Dutch Shell 'A', up 1.0%, Shell 'B', up 1.1%. The oil majors were tracking spot oil prices higher, quoted at USD63.86 a barrel, up from USD62.32 late Friday. Oil rose on Monday amid political tensions in the Persian Gulf, following Iran's seizure of a UK-flagged oil tanker in the Gulf on Friday. Midcap oil stocks Premier Oil, Cairn Energy, Hunting and Tullow Oil were up 4.3%, 4.2%, 2.7% and 2.5% respectively. ----------J Sainsbury, up 1.9%. Barclays raised the supermarket chain to Overweight from Equal Weight, saying its shares represent good value following the failed merger attempt with Walmart-owned Asda earlier this year.----------FTSE 100 - LOSERS----------Whitbread, down 4.5%. The hospitality firm completed its GBP2 billion shareholder payout via the purchase of 40 million shares at 4,972 pence per share. The Premier Inn hotel chain owner said this marks the successful completion of its capital return programme with a total of GBP2.5 billion returned, including the tender offer and previous share buyback programme. Whitbread said the tender offer was oversubscribed and no further capital returns are planned.----------FTSE 250 - WINNERS----------Ted Baker, up 11%. Shares in the fashion retailer surged after the Sunday Times newspaper reported that the company's founder Ray Kelvin could back a private equity buyout of the company. The newspaper reported that Kelvin, who resigned as chief executive over claims he presided over a culture of "forced hugging", would support a buyout that would take the company private under the existing management. Kelvin owns around a third of Ted Baker.----------Ascential, up 2.9%. The business events company reported a "strong" revenue rise in line with expectations in the first half of the 2019 financial year, following growth across all of its divisions. In the six months to June 30, the company's pretax profit rose 32% year-on-year to GBP30.5 million from GBP23.1 million on a revenue of GBP236.2 million. Its adjusted earnings before interest, tax, depreciation and amortisation rose 21% year-on-year to GBP76.7 million from GBP63.3 million. In a separate announcement, the company confirmed that it has agreed to acquire 35% of Jumpshot Inc, the marketing analytics subsidiary of Avast. The deal is expected to be finalised "no later than January 2021" and Ascential will also have an option to take a majority ownership in Jumpshot. Cybersecurity provider Avast said that Ascential will pay USD60.8 million in cash for the stake. Avast was up 1.5%.----------OTHER MAIN MARKET AND AIM - WINNERS----------Jersey Oil & Gas, up 53%. The oil and gas company said it has been awarded three blocks in a UK offshore licencing round, including on the Buchan oil field and J2 discovery. The company was awarded acreage containing more than 100 million barrels of oil, including Buchan, and will have a 100% working interest and operate all three blocks. The blocks were awarded under the Oil & Gas Authority's 31st supplementary offshore licencing round. The blocks are contiguous with Jersey Oil's existing interest in licence P2170, which includes the Verbier discovery. Including P2170, Jersey Oil has an estimated more than 100 million barrels of oil equivalent discovered mean recoverable resources, as well as an identified mean prospective resource of more than 300 million barrels of oil equivalent.----------OTHER MAIN MARKET AND AIM - LOSERS----------Regency Mines, down 41%. The natural resource development and investment company announced the completion of a refinancing, which will allow it to concentrate on developing its assets. In June 2018, Regency announced a USD1.6 million loan to fund a joint venture with Legacy Hill Resources, focused on coal assets in the US. At the same time, it said it would be refinancing some loan notes. These notes, worth USD1.3 million, will be repaid over a five year period, with interest of 10% per year with a 2% fee on repayment. They also have a 4.5% implementation fee. Regency will pay the lower of 10% of USD65,000, through either a fundraise or issuance of shares. ----------

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10 Dec 2021 12:17

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

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10 Dec 2021 10:41

Shell shareholders vote for move to Britain -preliminary results

AMSTERDAM, Dec 10 (Reuters) - In a preliminary result, Royal Dutch Shell shareholders on Friday voted in favour of a plan to move the company's headquarters and its tax home to Britain.Chairman Andrew Mackenzie announced the preliminary results, ...

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10 Dec 2021 10:17

Siccar Point CEO says Cambo oilfield project paused after Shell exit

LONDON, Dec 10 (Reuters) - Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell's decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused.Siccar, which ow...

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10 Dec 2021 10:08

UPDATE 1-Royal Dutch Shell shareholders expected to approve move to London

* If approved, Shell's move expected in early 2022* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Updates with colour from meeti...

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10 Dec 2021 00:25

UPDATE 2-Royal Dutch Shell shareholders back plan to shift to London

* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Recasts with shareholder vote)By Toby Sterling and Ron BoussoROTTERDAM/LONDON, D...

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9 Dec 2021 13:37

S.Africa energy minister defends Shell's planned seismic blasting on Wild Coast

* S.Africans protest against oil search in pristine stretch* Area home to whales, penguins, dolphins, seals* Objectors want Africa to stay poor, Gwede Mantashe saysBy Tim CocksJOHANNESBURG, Dec 9 (Reuters) - South Africa's energy minister defended o...

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9 Dec 2021 10:10

UPDATE 2-European shares fall again on Omicron worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deutsche Bank skids after DoJ violation report* Defensive sectors cap losses* Investors eye U.S. CPI data due Friday (Updates to close)By ...

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6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

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6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

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6 Dec 2021 12:13

UPDATE 4-BP says Brent benchmark reform should include U.S. oil, dump Brent

(Adds background)By Julia PayneLONDON, Dec 6 (Reuters) - BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have eva...

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5 Dec 2021 13:57

S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga SishiPORT EDWARD, South Africa, Dec 5 (Reuters) - South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphi...

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3 Dec 2021 16:05

UK shareholder meetings calendar - next 7 days

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3 Dec 2021 14:31

Nigeria's Bonga oil export terminal in maintenance until next week - Shell

LONDON, Dec 3 (Reuters) - Nigeria's Bonga crude oil export terminal is undergoing planned maintenance until next week, operator Shell said on Friday.Bonga is typically one of the larger export streams from Africa's largest oil producer. It was sch...

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3 Dec 2021 12:06

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

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3 Dec 2021 10:19

Shell wins court case to start seismic surveys offshore South Africa

CAPE TOWN, Dec 3 (Reuters) - A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell starting seismic surveys to explore for petroleum systems off the eastern seaboar...

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