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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: 258.00
Bid: 258.00
Ask: 258.50
Change: 2.50 (0.98%)
Spread: 0.50 (0.194%)
Open: 255.50
High: 258.50
Low: 255.00
Prev. Close: 255.50
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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.

More News
29 Jun 2022 08:46

Spire Healthcare signs new four-year contract with Bupa

(Sharecast News) - Independent hospital group Spire Healthcare said on Wednesday that it has signed a new four-year contract with Bupa to provide services to its UK health insurance customers.

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21 Jun 2022 12:17

LONDON MARKET MIDDAY: Stocks rise as investors regroup from sell-off

(Alliance News) - Share prices in London were higher at midday on Tuesday despite lingering fears over the economic damage that aggressive interest rate hikes may cause.

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21 Jun 2022 09:44

Berenberg initiates coverage on Spire Healthcare and Mediclinic

(Sharecast News) - Analysts at Berenberg initiated coverage on Mediclinic and Spire Healthcare on Tuesday as they took a fresh look at the healthcare sector.

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21 Jun 2022 09:37

LONDON BROKER RATINGS: JPMorgan downgrades Asos, boohoo and AB Foods

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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21 Jun 2022 08:46

LONDON MARKET OPEN: Stocks rise; Ocado sinks after fundraise

(Alliance News) - Stock prices in London opened higher on Tuesday with DS Smith rising in the FTSE 100, while Ocado shares fell after announcing the results of its fundraise.

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11 May 2022 10:34

IN BRIEF: Spire Healthcare affirms 2022 guidance after promising start

Spire Healthcare Group PLC - London-based private hospital operator - Backs full-year outlook and says "satisfied" with performance in first four months of 2022, despite Omicron disruption in first quarter. Reports half-year results on September 8.

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11 May 2022 08:10

Spire Healthcare maintains guidance despite Omicron impact

(Sharecast News) - Private hospital group Spire Healthcare maintained annual guidance despite disruption at the start of the year from the Covid Omicron variant.

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4 May 2022 15:53

UK shareholder meetings calendar - next 7 days

Thursday 5 May 
AIB Group PLCAGM
Alpha FX Group PLCAGM
Apax Global Alpha LtdAGM
Ascential PLC AGM
Avast PLCAGM
BAE Systems PLCAGM
Ceres Power Holdings PLCAGM
Clarkson PLCAGM
Costain Group PLCAGM
Domino's Pizza Group PLCAGM
EJF Investments LtdEGM re rollover offer
Emis Group PLCAGM
GetBusy PLCAGM
Glanbia PLCAGM
Griffin Mining LtdAGM
IMI PLCAGM
Indivior PLCAGM
James Fisher & Sons PLCAGM
Jardine Matheson Holdings LtdAGM
John Wood Group PLCAGM
KRM22 PLCAGM
Made.com Group PLCAGM
Melrose Industries PLCAGM
Mincon Group PLCAGM
MoneySupermarket.com PLCAGM
Morgan Advanced Materials PLCAGM
Morgan Sindall Group PLCAGM
Personal Group Holdings PLCAGM
Quixant PLCAGM
Rathbones Group PLCAGM
Reach PLCAGM
Scotgems PLCAGM
Witan Investment Trust PLCAGM
Sancus Lending Group LtdAGM
React Group PLCAGM
Friday 6 May 
BlackRock World Mining Trust PLCAGM
CMO Group PLCAGM
InterContinental Hotels Group PLCAGM
Man Group PLCAGM
Rightmove PLCAGM
Spirent Communications PLCAGM
Monday 9 May 
Aviva PLCAGM
Aviva PLCGM re proposed capital return
Midwich Group PLCAGM
Tuesday 10 May 
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Centamin PLCAGM
Direct Line Insurance Group PLCAGM
Doric Nimrod Air One LtdEGM re amending articles of incorporation
Gresham Technologies PLCAGM
HgCapital Trust PLCAGM
IWG PLCAGM
Just Group PLCAGM
Macfarlane Group PLCAGM
Temple Bar Investment Trust PLCAGM
Wednesday 11 May 
Antofagasta PLCAGM
Capricorn Energy PLCAGM
Cenkos Securities PLCAGM
Clarkson PLCAGM
Conduit Holdings LtdAGM
Harbour Energy PLCAGM
Harbour Energy PLCGM re proposed capital reduction
Hostelworld Group PLCAGM
Impact Healthcare REIT PLCAGM
Jupiter Fund Management PLCAGM
LungLife AI IncAGM
MC Mining LtdEGM re director change
National Express Group PLCAGM
Rentokil Initial PLCAGM
Savills PLCAGM
Schroder Asian Total Return Investment Co PLCAGM
Spirax-Sarco Engineering PLCAGM
Spire Healthcare Group PLCAGM
Tasty PLCAGM
TClarke PLCAGM
TP ICAP Group PLCAGM
TransGlobe Energy CorpAGM
Tribal Group PLCAGM
Uniphar PLCAGM
Windward LtdAGM
  
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26 Apr 2022 09:42

LONDON BROKER RATINGS: Barclays cuts Rio Tinto; Jefferies likes CVS

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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3 Apr 2022 09:37

Former Kingfisher boss Ian Cheshire appointed chair of Channel 4

(Alliance News) - Businessman Ian Cheshire has been appointed as the next chair of Channel 4.

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11 Mar 2022 10:21

LONDON BROKER RATINGS: Exane ups Shell; UBS starts Trainline at sell

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

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10 Mar 2022 10:00

LONDON BROKER RATINGS: Barclays upgrades Great Portland and CapCo

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Tuesday afternoon:

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3 Mar 2022 11:41

Spire Healthcare eyes profit after loss narrows but no dividends yet

(Alliance News) - Spire Healthcare Group PLC on Thursday reported a significantly narrowed loss in 2021, with the positive performance is set to continue into 2022 amid strong revenue growth.

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3 Mar 2022 10:15

Spire Healthcare profits jump on private demand

(Sharecast News) - Hospital operator Spire Healthcare reported a strong rise in annual profit, driven by "significant" demand for private treatment.

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25 Feb 2022 11:00

Spire Healthcare extends deadline for bank facilities to 2026

(Alliance News) - Spire Healthcare Group PLC on Friday said it has refinanced its existing bank funding facilities, which were due to expire in July 2023.

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