Rpc Group Share News (RPC)

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------WM Morrison Supermarkets, up 1.9%. HSBC raised the supermarket chain to Buy from Hold. RELX, up 1.0%. The Anglo-Dutch information and analytics group said it completed the process to simplify its corporate structure by making its dual parent company a single parent company. Dealings in new RELX PLC shares started on Monday on the London Stock Exchange, Euronext Amsterdam and the New York Stock Exchange, the firm said. Following admission of 930.9 million new shares, the company has 2.05 billion shares in issue. ----------FTSE 100 - LOSERS----------Associated British Foods, down 2.0%. The Primark clothing chain owner warned it will take a hit due to the stronger pound as it kept its outlook for the nearly-ended financial year unchanged. AB Foods said it expects to incur a GBP20 million loss to due foreign exchange movements, with two thirds of the group's operating profit earned outside the UK. For the year ending September 15, the company said it generated a "strong performance" from its Retail, Grocery, Agriculture and Ingredients businesses which offset the negative effects of lower sugar prices in the European Union. The company said that its Sugar division revenue and adjusted profit will be "well down" on last year, mainly due to the lower prices issues.Glencore, down 1.6%. JPMorgan downgraded the miner and commodities trader to Neutral from Overweight. ----------FTSE 250 - WINNERS----------RPC Group, up 21%. Shares in the plastic products company jumped after it confirmed it is holding preliminary discussions with private equity firms Apollo Global Management and Bain Capital regarding a potential offer for the company. Responding to media speculation, RPC said that the two companies will have until October 8 to either announce "firm intention" to make an offer or walk away.Moneysupermarket.com, up 2.5%. Peel Hunt raised the price comparison website to Buy from Add. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Orosur Mining shares were three times higher after it said that it raised USD2.0 million in a private placing with Newmont Mining Corp. Newmont bought 29.2 million shares at CAD0.091 each, Orosur said. Furthermore, the company said it completed an exploration agreement with venture option with Newmont Colombia, a subsidiary of Newmont for the Anza exploration property, in Colombia. The agreement includes a "three-phase earn-in structure" which allows Newmont to earn up to a 75% ownership interest in the Anza Project by spending a minimum of USD30.0 million, completing a compliant feasibility study and making cash payments to Orosur equaling a total of USD4.0 million, the company explained.Rockfire Resources, up 18%. The miner said surged after it started drilling at its Marengo gold copper project located in Queensland Australia. "This initial drilling program is focussed entirely on testing blind geophysical targets which were identified from gradient array and dipole-dipole induced polarisation sensing techniques," Chief Executive Officer David Price said. The company expects the initial drilling phase to be take around 10 to 15 days. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Debenhams, down 16%. Shares in the department store chain fell after it asked KPMG to look at restructuring plans that could lead to store closures, the Financial Times reported. The restructuring options could include asking creditors to accept a compulsory voluntary arrangement, the FT said citing a person with knowledge of the matter. The arrangement, known as a CVA, is an insolvency procedure used by struggling firms to shut under-performing shops. The FT said the retailer has identified 30 stores that could be resized and is in negotiations with landlords.----------