RPS.L Share News (RPS)

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 1.7%. The supermarket chain was raised to Neutral from Sell by Citigroup.----------FTSE 100 - LOSERS----------Fresnillo, down 2.0%. The gold miner was tracking spot gold prices lower, quoted at USD1,310.88 an ounce from USD1,316.80 at the London equities close Friday. The precious metal was retreating from eight-months high reached last week as the demand for safe-haven assets waned. ----------BHP Group, down 1.4%. JPMorgan downgraded the Anglo-Australian miner to Underweight from Neutral. ----------FTSE 250 - WINNERS----------William Hill, up 1.5%. Jefferies started coverage on the bookmaker with a Buy rating. ----------FTSE 250 - LOSERS----------Ferrexpo, down 9.7%. The iron ore pellet producer said it is conducting a comprehensive review of funds paid to a Ukrainian charity as part of its corporate social responsibility programme, after uncovering issues with the charity's accounts. Ferrexpo explained its auditor Deloitte has received bank statements directly from the charity Blooming Land in order to verify the use of contributions by Ferrexpo. The bank statements from the charity - which is entirely separately managed from Ferrexpo - revealed "as yet unexplained discrepancies". Consequently, Ferrexpo said it has decided to undertake a "comprehensive independent review" and is currently scoping the work. In the first half of 2018, Ferrexpo had contributed USD9.5 million to the medical and social services charity. It has not made any further donations since May 2018----------KAZ Minerals, down 2.5%. HSBC downgraded the miner to Hold from Buy. ----------OTHER MAIN MARKET AND AIM - WINNERS----------RPS Group, up 8.8%. The technical consultancy firm acquired Australian consultancy firm Corview for GBP18 million and 2018 trading had been in line with market expectations. RPS will buy transport advisory firm Corview for a maximum consideration of AUD32.0 million - or GBP17.8 million - in cash. Of this, RPS will pay an initial AUD17.6 million on completion with further payments of AUD4.8 million on the first, second and third anniversaries of completion. In 2018, RPS explained trading had been "in line" with market expectations. The firm expects adjusted pretax profit to be GBP50.2 million. Conversion of profit into operating cash flow was described as being "strong". Consequently, net debt fell to GBP73.9 million at the end of 2018 compared to GBP80.6 million the year prior. ----------Kainos Group, up 5.2%. The IT, consulting and software services firm said it expects its annual results to be "ahead of current market expectations" as it continued to see "very strong momentum". For the financial year ending March, the company's board guided for results beating market views as all its core markets operations reported growth so far. In financial 2018, Kainos recorded GBP14.3 million in pretax profit on revenue of GBP96.7 million. In the first half of the current year, the company recorded pretax profit of GBP8.7 million on revenue of GBP67.2 million.----------OTHER MAIN MARKET AND AIM - LOSERS----------Ryanair Holdings, down 4.7%. The Irish carrier said it will make changes to its corporate structure after swinging to a third-quarter loss and warning of lower annual profit. Under the proposed changes, a small senior management team will oversee the development of four airline subsidiaries, Ryanair DAC, Laudamotion, Ryanair Sun and Ryanair UK. Chief Executive Officer Michael O'Leary will become group CEO, leading all the units, the airline said. O'Leary committed to further five years at the head of the company. Meanwhile, the airline said its third-quarter results to the end of 2018 were "disappointing", with the group swinging to a EUR83.6 million pretax loss from a EUR112.9 million profit in the comparative period a year ago. The results included a EUR61.5 million loss resulting mostly from the acquisition of Austrian airline Lauda. Excluding Lauda losses, Ryanair still reported a EUR6.5 million operating loss versus a EUR126.0 million profit a year before. Peers easyJet and International Consolidated Airlines were down 1.4% and 0.5%, respectively. ----------Angus Energy, down 21%. The oil and gas company reported water intrusion during a test of its Brockham X4Z well. Angus, the operator of the licence, said the well has been perforated from 960 metres to 1,155 metres measured depth and produced in total 280 barrels. However, Angus said that "it has become apparent that a part of the perforated interval is producing water", which is inhibiting significant oil flow and therefore has not allowed for sustainable flow rates of oil. The firm is now looking to isolate the water zone. ----------