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WINNERS & LOSERS SUMMARY: Plus500 Rises As Leadership Snaps Up Shares

Thu, 15th Aug 2019 10:32

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - LOSERS----------Royal Bank of Scotland, down 8.6%. The lender was cut to Hold from Buy by HSBC just a day after being downgraded to Neutral from Outperform by Macquarie. In addition, the bank went ex-dividend on Thursday, meaning new buyers no longer qualify for the latest payouts. A number of other FTSE 100 stocks went ex-dividend on Thursday, including steelmaker Evraz, down 4.3%, miner Anglo American, down 2.8% and oil major Royal Dutch Shell, with 'A shares down 2.2% and 'B' shares down 2.0%.----------FTSE 250 - WINNERS----------Plus500, up 10%. The contracts-for-difference provider said several senior executives including the chief executive and chief financial officer purchased more GBP7 million in shares in the company in transactions on Tuesday and Wednesday. CEO Asaf Elimelech bought 30,460 shares at an average price of 683.674 per share, worth GBP208,300 in total. CFO Elad Even-Chen acquired 30,460 shares for 685.8p each, a total of GBP208,900. Chief Operating Officer David Zruia bought 12,000 shares for 680p each, totalling GBP81,600. Plus500 Co-founder Alon Gonen made the largest transaction of all, purchasing 987,553 shares at an average price of 681.0p per share, totalling GBP6.7 million.----------FirstGroup, up 5.4%. The transport operator has hired former Arriva chief executive David Martin as the new chair of its board, effective immediately. Arriva provides bus, coach and rail operations across 14 countries, and was bought by Deutsche Bahn in 2010. Martin is currently a non-executive director at waste management firm Biffa and served as interim chair for six months, and was previously a non-executive at Ladbrokes, now owned by GVC Holdings. Martin had been a pick for the FirstGroup board by activist investor Coast Capital a few months ago. Hermes-Golden, managed by Coast Capital, in mid-May called a general meeting to remove nearly half the FirstGroup board. However, Martin missed the deadline to confirm his plans to stand for election. At the meeting, FirstGroup noted at the time that, on average, the company's shareholders voted 4-to-1 against Coast Capital's resolutions. Shareholders voted against the removal of Non-Executive Chair Wolfhart Hauser, but he stood down nonetheless. ----------GVC Holdings, up 4.2%. The betting firm upped its full-year guidance following a first-half revenue rise and despite profit falling due to charges related to recent acquisitions. Pretax profit for the six months ended June 30 fell sharply to GBP2.1 million from GBP113.8 million, largely attributed to GBP184.3 million in amortisation charges related to GVC's acquisitions of Ladbrokes Coral Group in 2018 and bwin Interactive Entertainment in 2017. Underlying earnings before interest, taxation, depreciation and amortisation, a preferred performance measure, jumped 56% to GBP366.8 million from GBP235.0 million. Looking ahead, GVC said it expects full-year Ebitda to be GBP10.0 million ahead of initial expectations and within the range of GBP650.0 million and GBP670.0 million.----------FTSE 250 - LOSERS----------Kaz Minerals, down 10%. The miner reported a fall in interim profit and revenue amid lower copper prices. For the six months ended June 30, the company posted a 4.2% year-on-year fall in revenue to USD1.05 billion. Pretax profit sunk by 19% to USD355.0 million. Earnings before interest, depreciation and amortisation were down 10% to USD620.0 million from USD690.0 million. The copper price per tonne averaged USD6,165, 12% down on the USD6,917 per tonne recorded in the same period last year. This contributed to revenue from the copper division falling 5.9% to USD849.0 million despite sales rising 2.6% to 144,400 tonnes. The company proposed an interim dividend of 4.0 US cents per share, down on 6.0 cents from the previous year. ----------Capita, down 2.3%. JPMorgan cut its rating on the outsourcer to Neutral from Overweight.----------OTHER MAIN MARKET AND AIM - WINNERS----------Kibo Energy, up 25%. The Africa-focused energy company confirmed it has received seven new mining rights for the Mbeya coal to power project in Tanzania. In July, Kibo had said its special licence application at Mbeya had been converted into seven separate applications, a "better economic outcome" for the firm. These have now been granted, Kibo said, and the company just now needs to make the required payments. The licences at Mbeya cover a 120.8 million tonne thermal coal resource, with a feasibility study already completed having confirmed the economic viability of the mining. Kibo can now begin mining following the grant of the licences. ----------Thor Mining, up 14%. The exploration and development company reported a "substantial" initial copper resource estimate of 114,000 tonnes for the Moonta project located in South Australia. Thor said the estimate is derived from an inferred resource of 66.1 million tonnes of ore at 0.17% copper. The company also said that the additional 308 drill holes over Wombat, Bruce, and Larwood deposits are to be included in the Moonta resource resource modelling once scheduled quality assurance processes are complete. "Global copper pricing outlook, despite some recent falls, remains firm. At the date of this announcement of approximately USD5,700 per tonne, this inferred resource demonstrates that the project has considerable potential value," Thor Executive Chair Mick Billing said. At that price, 114,000 tonnes of copper would fetch USD650 million.----------Plant Health Care, up 14%. The agriculture-focused biological products provider said it will commercialise the PHC279 plan fungal treatment product in Brazil following successful trials. Plant Health Care conducted field trials on PHC279 to establish its effectiveness in dealing with asian soybean rust, a fungal disease that negatively impacts soybean yields in Brazil. Following application of the peptide treatment, which comes from natural proteins and encourages the plant to defend itself, Plant Health Care reported a 16% increase in soybean yield, controlling the effects of the disease even in areas facing "heavy disease pressure". Foliar fungicides, treatments usually used for disease control in soybeans, were 45% more effective when treated with PH279, the company said. ----------OTHER MAIN MARKET AND AIM - LOSERS----------ASOS, down 3.8%. Jefferies cut the online retailer to Underperform from Buy.----------

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11 Sep 2019 09:31

BROKER RATINGS SUMMARY: HSBC Downgrades Shell To Hold From Buy

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:----------FTSE 100----------HSBC CUTS ROYAL DUTCH SHELL TO - BP

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11 Sep 2019 08:04

LONDON BRIEFING: Galliford Cuts Payout Ahead Of Proposed Bovis Deal

(Alliance News) - Construction firm Galliford Try on Wednesday reported a fall in annual profit and sliced its dividend by a quarter.Revenue for the year to June 30 fell 7.5% to GBP2.71 27%

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10 Sep 2019 16:52

LONDON MARKET CLOSE: FTSE 100 Overcomes Early Losses To End Higher

(Alliance News) - Despite spending the majority of Tuesday's session in the red, the FTSE 100 managed to clamber into positive territory by the end of the trading day.This was as shares

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10 Sep 2019 12:55

Enteq Upstream Licences Shell's Technology For New Drilling System

(Alliance News) - Enteq Upstream PLC on Tuesday said that it has signed an agreement to licence Royal Dutch Shell PLC's technology for manufacturing a rotary steerable drilling oilfield and a

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5 Sep 2019 09:30

BROKER RATINGS SUMMARY: Redburn Downgrades Royal Dutch Shell And BP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:----------FTSE 100----------REDBURN CUTS ROYAL DUTCH SHELL TO BP

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3 Sep 2019 08:43

Barclays downgrades Royal Dutch Shell to 'equalweight'

(Sharecast News) - Analysts at Barclays downgraded their recommendation on shares of Royal Dutch Shell even as they kicked off coverage of the biggest US oil names at 'overweight'.

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2 Sep 2019 18:04

Aggreko Names Former Deputy Rolls-Royce Finance Chief As Non-Executive

(Alliance News) - Temporary power unit renter Aggreko PLC on Monday said it has named Sarah Kuijlaars as a non-executive director with effect from October 1.Kuijlaars was formerly the chief

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28 Aug 2019 16:50

LONDON MARKET CLOSE: FTSE Outperforms As UK PM Prorogues Parliament

(Alliance News) - London's FTSE 100 powered ahead of its European counterparts on Wednesday after the pound fell following news UK parliament will be suspended."The UK decision to

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22 Aug 2019 10:17

Shell Expands Power Business With AUD617 Million Australian Deal

(Alliance News) - Oil major Royal Dutch Shell PLC has agreed to buy Australia's ERM Power Ltd for AUD617 million, Shell said on Thursday.Shell is offering AUD2.265 per ERM share, which

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19 Aug 2019 17:01

LONDON MARKET CLOSE: FTSE 250 Surges As Greene King Accepts Takeover

(Alliance News) - London stocks started the week on the front foot amid stimulus hopes and the prospect of further trade talks between the US and China. In Monday's afternoon company news, up

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15 Aug 2019 12:05

LONDON MARKET MIDDAY: China Tariff Reply Threat Sends Stocks Reeling

(Alliance News) - What started as a session of modest losses in London on Thursday accelerated as the day progressed after China threatened to retaliate if the US goes ahead with its latest of 100

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15 Aug 2019 08:46

LONDON MARKET OPEN: Trade Steadies In Europe After Wall Street Dives

(Alliance News) - The FTSE 100 fell only modestly in opening trade on Thursday despite a steep decline on Wall Street overnight, with the mood milder following Wednesday's global losses.The or

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13 Aug 2019 16:58

LONDON MARKET CLOSE: US Tariff Delay News Sparks Late Surge In Europe

(Alliance News) - London stocks saw a sharp turnaround in fortunes as Tuesday's session progressed on news the US will delay some tariffs on Chinese products. The decision caused safe haven to

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6 Aug 2019 16:54

LONDON MARKET CLOSE: Mood Starts To Improve But FTSE Continues Slide

(Alliance News) - While risk-on sentiment started to return on Tuesday following two consecutive sessions of dire losses, the FTSE 100 lagged behind global counterparts due to some small gains for

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