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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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16 Jun 2020 11:31

Demand for oil to fall at record rate in 2020 - IEA

(Sharecast News) - Global demand for oil is set to fall at the fastest rate in history this year, a closely-watched industry report has predicted, before rebounding in 2021.

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4 Jun 2020 14:03

Thursday broker round-up

(Sharecast News) - IWG: RBC Capital Markets downgrades to sector performer with a target price of 325p.

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3 Jun 2020 10:00

Shell considers $2bn sale of stake in Queensland facilities

(Sharecast News) - Royal Dutch Shell is considering raising more than $2bn from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, reported Reuters on Wednesday.

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12 May 2020 10:15

BA and Shell provide £1m for Velocys clean fuel plant

(Sharecast News) - Velocys said it had secured a further £1m of funding for its Altalto waste-to-fuels project from British Airways and Royal Dutch Shell.

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12 May 2020 09:06

BP boss says crisis could be 'peak oil' moment

(Sharecast News) - The Covid-19 crisis could mark the passing of "peak oil" demand as businesses spend less on travel and employees work from home, BP's new boss said.

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4 May 2020 18:10

Some Italian patients report improvement after receiving blood plasma

(Sharecast News) - A report surfaced on Monday pointing to clinical benefits from what some observers touted as potentially one of the most promising treatments for the Covid-19 coronavirus.

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29 Apr 2020 16:54

Thursday preview: ECB, Shell in focus

(Sharecast News) - The focus in financial markets on Thursday will shift back towards the euro area where policymakers at the European Central Bank are due to announce their latest policy decisions.

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29 Apr 2020 11:46

WTI oil futures bounce as API reports smaller than expected stockpile build

(Sharecast News) - Crude oil futures were trading higher on Wednesday on either side of the Atlantic following the release of data showing a slightly smaller than expected build in US stockpiles.

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24 Apr 2020 12:13

Share buybacks face resistance in post-Covid world

(Sharecast News) - Share buybacks already had a dubious reputation before the Covid-19 crisis but that didn't stop companies purchasing more and more of their own shares in the market.

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22 Apr 2020 18:03

Weekly US oil inventories jump, imports slip

(Sharecast News) - US crude oil inventories registered another sharp rise during the previous week, although there were some slight signs that market fundamentals were aligning themselves with the reduced amount of storage capacity left.

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22 Apr 2020 15:50

WTI higher as Trump threatens to destroy Iranian gunboats

(Sharecast News) - President Trump threatened on Wednesday to destroy any Iranian gunboats that harassed US ships at sea, triggering a so-called 'short squeeze' in US oil futures according to analysts.

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21 Apr 2020 16:13

Wednesday preview: US oil inventories, Fevertree in focus

(Sharecast News) - Investors' focus on Wednesday will remain firmly on the oil patch where the US Department of Energy will release its weekly inventory statistics.

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21 Apr 2020 13:52

Tuesday broker round-up

(Sharecast News) - Wetherspoons: Jefferies upgrades to buy with a target price of 1,150p.

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21 Apr 2020 13:01

Europe midday: Oil patch weakness offsets news Italy to 'significantly' ease lockdown

(Sharecast News) - Stocks on the Continent had fallen further into the red in early afternoon trading as investors tried to fathom what might lie in store next for oil markets after the previous day's rout in prices.

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21 Apr 2020 11:07

Europe open: Stocks caught in downdraft from oil price collapse

(Sharecast News) - Stocks on the Continent are trading lower, dragged down by the oil patch as markets price-in the reality of several months of exceedingly weak global oil demand.

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