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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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19 Jul 2021 11:57

Morgan Stanley stays 'overweight' on Shell, expects dividend to grow again

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19 Jul 2021 10:32

Crude oil futures under pressure after OPEC+ deal at the weekend

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6 Jul 2021 13:22

Saudi, UAE spat unlikely to result in breakdown of OPEC+ discipline, Morgan Stanley says

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22 Jun 2021 15:36

JP Morgan names Shell 'top pick' in EU oil, expects 'stellar' cash flows

(Sharecast News) - Analysts at JP Morgan named Royal Dutch Shell their 'top pick' in the European Union Oil space, in anticipation of "standout" free cash flow generation on the back of stronger macro conditions and catch-up in lagged pricing for liquid natural gas.

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1 Jun 2021 10:30

Brent futures hit two-year high ahead of OPEC+ meeting

(Sharecast News) - Oil prices hit a roughly two-year high on expectations that the reopening of advanced economies would run down the inventories that had piled up during the pandemic.

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20 May 2021 14:25

Iran's Rouhani says US will lift sanctions

(Sharecast News) - Iran's president said on Thursday that the United States was ready to lift sanctions on his country's oil, banking and shipping sectors that were reimposed after the Trump administration withdrew from the nuclear deal signed in 2015.

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29 Apr 2021 06:54

London pre-open: Futures up after Fed stays 'on message', on US Tech earnings

(Sharecast News) - Trading in London shares is set to start on the front foot after the US central bank signaled overnight that it was simply not yet time to be talking about tapering bond purchases and much less about interest rate hikes.

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28 Apr 2021 12:37

Thursday preview: Apple, Royal Dutch Shell in focus

(Sharecast News) - The market focus on Thursday will shift back to the latest earnings updates from US technology giants with Apple and Facebook both due to report after the close of trading on Wednesday.

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10 Mar 2021 11:00

'Super cautious OPEC stance on output increases could backfire, Citi says

(Sharecast News) - The "super cautious" approach adopted by Saudi when it comes to adding to global crude oil supplies might backfire on the Organisation of Petroleum Exporting Countries and its allies, Citi argued.

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8 Mar 2021 07:31

Brent futures spring higher after attack on key Saudi oil facility

(Sharecast News) - Crude oil futures sprang higher at the start of the week following an attack on Saudi Arabia's largest crude terminal at Ras Tanura.

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4 Mar 2021 16:41

Sector movers: Oil and Gas leads gains as OPEC+ springs surprise on traders

(Sharecast News) - Oil and Gas shares jumped to the top of the leader board after many of the world's major crude producers surprised traders with a decision to hold their combined output unchanged following talks on Thursday.

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19 Feb 2021 11:58

S&P downgrades Shell's long-term debt on risks from energy transition

(Sharecast News) - One of the world's top credit rating agencies downgraded Royal Dutch Shell's long-term debt on the back of the expected challenges from the transition to sustainable technologies.

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15 Feb 2021 15:06

Sector movers: Oil and Mining stocks surge on US stimulus and vaccine hopes

(Sharecast News) - Oil and Mining stocks surged at the start of the week on hopes for further fiscal stimulus in the US and that the pandemic might start to be coming under control.

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15 Feb 2021 11:53

Brent at 13-month high on hopes for US stimulus and vaccine rollouts

(Sharecast News) - Investors continued to bid crude oil prices higher at the start of the week, on the back of continued hopes for an easing of Covid-19 lockdowns around the world and of fiscal stimulus in the US.

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11 Feb 2021 12:00

Citi revises 2021 oil price forecasts higher

(Sharecast News) - Analysts at Citi revised their projections for the price of oil, citing oil producers' success in running down global inventories and improved prospects for demand.

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