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Pin to quick picksSpire Healthcare Share News (SPI)

Share Price Information for Spire Healthcare (SPI)

London Stock Exchange
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Share Price: 240.00
Bid: 239.00
Ask: 240.00
Change: 0.00 (0.00%)
Spread: 1.00 (0.418%)
Open: 239.00
High: 240.00
Low: 236.00
Prev. Close: 240.00
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LONDON MARKET PRE-OPEN: Direct Line Appoints New Finance Head

Mon, 16th Sep 2019 07:42

(Alliance News) - Stock prices in London are seen opening lower on Monday, despite heavyweight oil majors being expected to benefit from a sharp rise in oil prices over the weekend.

In company news, motor and home insurer Direct Line Insurance appointed a new head of finance, hedge fund manager Man Group appointed the former Deusche Bank chief executive as its new chair, and private hospital operator Spire Healthcare reported positive interim earnings.

IG futures indicate the FTSE 100 index is to open 17.26 points lower at 7,350.20. The blue-chip index closed up 22.79 points, or 0.3% at 7,367.46 on Friday.

Direct Line Insurance Group appointed former Royal London deputy chief executive officer Tim Harris as its chief financial officer. Harris will join Direct Line on October 1. He was deputy CEO and finance director of Royal London until July 12 and also has worked at insurer Aviva PLC and accountants PricewaterhouseCoopers.

Man Group said Chair Ian Livingston is to step down from the role on December 31, and will be replaced by Non-Executive Director John Cryan.

Cryan was previously CEO of German lender Deutsche Bank from July 2016 to April 2018.

Spire Healthcare said it delivered a good first-half performance with "clear signs" that its strategic and operational initiatives are bearing fruit.

For the half-year ended June 30, revenue was up 3.4% to GBP491.6 million from GBP475.6 million last year, and the company swung to a pretax profit of GBP9.6 million from a loss GBP2.2 million a year before.

Spire declared an interim dividend of 1.3 pence, unchanged from last year.

"We saw growth in both private insurance and self-pay, with a particularly strong result in private insurance reflecting rising consumer awareness following our marketing campaigns. NHS revenue in the period also outperformed expectations as we worked in close partnership with our local trusts and Clinical Commissioning Groups to selectively open new services that respond to their changing needs. We continue to develop our private revenue streams in key areas such as oncology, including working towards a partnership with GenesisCare to create a national end-to-end private cancer treatment pathway," said CEO Justin Ash.

Low-cost housebuilder MJ Gleeson said it delivered another strong performance and was on track to meet its objectives.

For the financial year ended June 30, revenue rose 27% to GBP249.9 million from GBP196.7 million in financial 2018, and pretax profit was up 11% to GBP41.2 million from GBP37.0 million last year.

MJ Gleeson declared a total dividend of 34.5p, up from 32.0p last year.

"Despite the uncertainties caused by Brexit, demand for our homes continues to be extremely strong. Gleeson Homes is well on track to deliver its milestone target of doubling annual completions to 2,000 units by 2022. Led by a strong and highly experienced management team, the division continues to have significant scope for expansion by building low-cost homes for young, first time buyers and low-income families in a market that is underserved by other housebuilders," said Chair Dermot Gleeson.

Elsewhere, Credit Suisse raised Next to Neutral from Underperform, ahead of the clothing retailer's interim results on Thursday.

The price of oil increased significantly following drone attacks on Saudi Arabian oil production facilities on Saturday.

Brent was quoted at USD66.66 a barrel early Monday, up sharply from USD60.32 late Friday.

The drone attacks on Saturday, which caused fires at two facilities operated by Saudi state oil giant Aramco in the eastern province of Buqyaq, was claimed by Yemen's Houthi rebels, but the US has blamed Iran for the attacks.

Buqyaq is home to the world's largest oil refining plant, according to Aramco.

US President Donald Trump announced late Sunday that he has approved the release of resources from the US' strategic petroleum reserve "if needed".

In China, the Shanghai Composite is flat, while the Hang Seng index in Hong Kong is down 1.2%. Financial markets in Japan were closed on Monday for the Respect for the Aged Day holiday.

The pound was quoted at USD1.2465 early Monday, firm against USD1.2455 at the London equities close Friday.

The price of new properties on the UK market fell in September, as normally eager buyers hesitate due uncertainty caused by the looming Brexit deadline, according to Rightmove.

The Rightmove Monthly House Price index revealed that the price of newly marketed property fell by an average of 0.2% in September from a year before.

Although underlying housing market fundamentals remain sound, according to Rightmove, Brexit uncertainty has caused some buyers to hesitate.

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26 Jun 2020 17:19

UK EXECUTIVE CHANGE SUMMARY: John Menzies Chief Executive Steps Down

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14 May 2020 12:46

Spire Healthcare Lenders Waive Covenant Tests As NHS Contract Helps

Spire Healthcare Lenders Waive Covenant Tests As NHS Contract Helps

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11 May 2020 13:48

Monday broker round-up

(Sharecast News) - Diploma: Peel Hunt downgrades to hold with a target price of 1,650p.

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11 May 2020 09:33

UK BROKER RATINGS SUMMARY: Goldman Sachs Cuts Next To Neutral From Buy

UK BROKER RATINGS SUMMARY: Goldman Sachs Cuts Next To Neutral From Buy

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11 May 2020 08:20

RBC Capital downgrades Spire Healthcare on near-term uncertainties

(Sharecast News) - RBC Capital Markets downgraded its stance on shares of private hospital group Spire Healthcare to 'sector perform' from 'outperform' on Monday as it argued that near-term uncertainties remain.

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11 May 2020 08:04

LONDON BRIEFING: Shares Up As UK Starts To Creep Out Of Lockdown

LONDON BRIEFING: Shares Up As UK Starts To Creep Out Of Lockdown

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7 May 2020 16:26

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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9 Apr 2020 18:13

Spire Healthcare Inks Covid-19 Support Pact With NHS Scotland

Spire Healthcare Inks Covid-19 Support Pact With NHS Scotland

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6 Apr 2020 18:45

Spire Healthcare Signs Deal With Welsh NHS Allowing Use Of Hospitals

Spire Healthcare Signs Deal With Welsh NHS Allowing Use Of Hospitals

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6 Apr 2020 15:13

DIRECTOR DEALINGS SUMMARY: Spire Healthcare Non-Exec Spends GBP200,000

DIRECTOR DEALINGS SUMMARY: Spire Healthcare Non-Exec Spends GBP200,000

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1 Apr 2020 10:56

Spire agrees covenant waiver with lenders, pulls dividend

(Sharecast News) - Spire Healthcare has opted to pull dividend payments amid the Covid-19 outbreak, despite its lenders agreeing to waiver covenant testing.

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1 Apr 2020 09:52

Spire Healthcare Financially Solid But Decides To Pull Final Dividend

Spire Healthcare Financially Solid But Decides To Pull Final Dividend

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23 Mar 2020 09:31

Spire Healthcare hands over hospitals to NHS, withdraws guidance

(Sharecast News) - Spire Healthcare said on Monday that it was withdrawing its 2020 guidance as it confirmed it will be making all of its hospitals available to the NHS to help during the coronavirus outbreak.

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22 Mar 2020 10:22

Spire Healthcare Agrees To Offer Hospitals To UK NHS During Crisis

Spire Healthcare Agrees To Offer Hospitals To UK NHS During Crisis

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18 Mar 2020 11:21

Spire Healthcare Commits To Helping NHS During Coronavirus Outbreak

Spire Healthcare Commits To Helping NHS During Coronavirus Outbreak

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