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Pin to quick picksRurelec Share News (RUR)

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Share Price Information for Rurelec (RUR)

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Share Price: 0.425
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WINNERS & LOSERS SUMMARY: Marks & Spencer Clothing Boss Quits

Fri, 17th Jul 2015 10:03

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices Friday.

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FTSE 100 - WINNERS

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ARM Holdings, up 0.6%. Investec upgraded its recommendation to Buy from Hold. The broker said ARM has underperformed the market recently and is at a discount to its five-year valuation range, leaving its shares looking attractive as an entry point for investors.

Centrica, up 0.4%. HSBC upgraded its rating on the British Gas parent company, to Buy from Hold.

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FTSE 100 - LOSERS

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Marks & Spencer Group, down 1.2%. The retailer said John Dixon, its general merchandise division executive director, has left the company to pursue other career opportunities. Dixon will leave the retailer's board with immediate effect and will leave the company on a date to be agreed. Dixon said he is leaving to become the chief executive of another company, though he did not specify which. Steve Rowe will take on responsibility for the general merchandise business, with Andy Adcock to become director of food.

Anglo American, down 0.6%. The miner said it has completed the sale of its 50% stake in Lafarge Tarmac Holdings Ltd to Lafarge SA. The deal was originally struck in July 2014 for the FTSE 100-listed miner to sell its stake to Lafarge SA for no less than USD885 million in cash. Lafarge SA already owned the other 50% of the company.

Royal Mail, down 3.0%. UK media and communications regulator Ofcom outlined the scope of its review into the regulation of the postal service operator, including whether any price controls should be imposed on the company given the lessening of competition in the postal services market.

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FTSE 250 - WINNERS

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B&M European Value Retail, up 3.3%. The company said its sales revenue rose in the first quarter of its financial year, despite a slowdown in like-for-like sales growth year-on-year. The discount retailer said its total group sales revenue for the 13 weeks to June 27 was GBP456.6 million, up from GBP367 million in the comparable period a year earlier. Total group sales growth in the quarter was 24%, slowed from the 32% growth it posted a year earlier, while its like-for-like sales growth slowed to 1.1%, compared to 6%.

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FTSE 250 - LOSERS

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Restaurant Group, down 2.3%. Nomura downgrades the stock to Neutral from Buy. The bank said the introduction of the National Living Wage in the UK will hit the leisure industry, with Restaurant Group among the hardest hit.

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Ocado Group, down 1.7%. UBS cut its rating on the online grocer to Neutral from Buy. The bank said any upside from the addition of a significant new parter for the company is already priced into the stock.

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HomeServe, down 1.4%. The home emergency company said it is trading in line with its expectations and expects to deliver robust growth for its 2016 financial year to the end of March. The FTSE 250-listed company said it is continuing to make investments to grow its international business but said the majority of its marketing activity, as in previous years, will be weighted to the second half.

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DCC, down 1.3%. The distribution company said it still expects a "very significant" improvement in its full-year results for its current financial year following robust trading in the first quarter. DCC said its overall operating profit for the first quarter to the end of June was in line with its expectations, with good growth in its DCC Energy, Healthcare and Environmental business, which was partially offset by weaker trading for DCC Technology.

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AIM ALL-SHARE - WINNERS

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TomCo Energy, up 23%. The oil shale exploration and development company said it has secured the final permits needed to develop the Holliday project in the US, but reiterated the project will not be fully developed until its partner's technology is ready in 2017. The company also said it has completed the board reshuffle announced in May, which sees Andrew Jones take over as its new non-executive chairman.

Rurelec, up 9.6%. The power generation company said it has completed the sale of its Peruvian subsidiary Empresa de Generación Eléctrica Canchayllo SAC to Energías Renovables de los Andes SAC for USD6.8 million, plus USD7.5 million in assumed debt.

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AIM ALL-SHARE - LOSERS

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New World Oil & Gas, off 69%. Shares were restored to trading today, although the London Stock Exchange said it would continue to closely monitor the settlement situation in the company following its restoration to trading.

Atlas Development and Support Services, down 56%. The African-focused support services company said it expects to make a loss in the first half of 2015, and warned that the second half will be even tougher due to the faltering oil and gas industry.

Frontier Resources International, down 33%. The company said that it has raised GBP205,000 through the placing of 58.6 million new shares at a price of 0.35 pence. The funds will be used to provide working capital for the company as it continues to seek a farm-out of one or more of its projects in the Oman and Namibia.

Sula Iron and Gold, down 11%. The miner said it will drill an exploration target at the Ferensola gold project in Sierra Leone which is thought to contain up to 1.5 million ounces of gold in the hope of securing a maiden mineral resource estimate for the project.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2015 Alliance News Limited. All Rights Reserved.

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DIRECTOR DEALINGS: Rurelec Non-Executive Buys 80,000 Shares

LONDON (Alliance News) - Power generation developer Rurelec PLC Tuesday said Independent Non-Executive Director Brian Rowbotham acquired 80,000 shares at a price of 6 pence per share Monday. Following this transaction, Rowbotham holds 350,000 shares, which represents 0.062% of the issued s

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16 Jun 2014 14:13

DIRECTOR DEALINGS: Rurelec Directors Buy Shares

LONDON (Alliance News) - Power generatoin developer Rurelec PLC Monday said a group of directors, including Chief Executive Peter Earl, bought shares at 6 pence per share.

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6 Jun 2014 15:17

Rurelec Pretax Loss Widens On Claim Payment

LONDON (Alliance News) - Rurelec PLC Friday said its pretax loss widened significantly during 2013 as the company received less than expected cash from a claim over a Bolivian asset which was nationalised by the state in 2010. The power generation company said its pretax loss widened to GBP

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3 Jun 2014 08:40

Burford Nets USD11.0 Million On Rurelec Arbitration Claim Investment

LONDON (Alliance News) - Burford Capital Ltd Tuesday said it has received USD26.0 million back from a corporate debt facility provided to Rurelec PLC that was linked to Rurelec's Bolivian arbitration claim, giving Burford an USD11.0 million net profit on a USD15.0 million investment. While

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2 Jun 2014 11:13

Rurelec Finally Gets Some Money After Bolivian Compensation Battle

LONDON (Alliance News) - Rurelec PLC Monday said it has now received the payment of USD31.5 million that it agreed with the Bolivian government, after a four-year battle to get compensation for a stake in the country's largest power producer that was taken from it. The power generation comp

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30 May 2014 11:46

UK MIDDAY BRIEFING: Fenner Slumps On Profit Warning

LONDON (Alliance News) - Polymer products manufacturer Fenner saw its shares plummet Friday, after it issued a profit warning that it blamed on a further deterioration in trading in the US and the loss of a profitable contract in Australia.

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30 May 2014 11:08

UK WINNERS & LOSERS: Smith & Nephew Leads FTSE 100 Risers Again

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FTSE 100 - WINNERS
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UK MORNING BRIEFING: Fenner Drops 15% On Profit Warning

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Rurelec Ends Long Bolivian Compensation Battle With USD31.5 Million

LONDON (Alliance News) - Rurelec PLC Friday said it has signed a final agreement with the government of Bolivia which releases an immediate payment of USD31.5 million to the company, ending a four-year compensation battle over Empresa Guaracachi SA. The power generation company said the agr

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UK MIDDAY BRIEFING: EU To Probe Banks Including HSBC

LONDON (Alliance News) - The European Commission Tuesday said it will press ahead with a probe into Credit Agricole, HSBC Holdings and JP Morgan after they refused to join other lenders in a settlement last year over suspected manipulation of the Euribor interest-rate benchmar

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