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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: 248.00
Bid: 247.50
Ask: 248.00
Change: 2.50 (1.02%)
Spread: 0.50 (0.202%)
Open: 247.00
High: 248.00
Low: 247.00
Prev. Close: 245.50
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WINNERS & LOSERS SUMMARY: Jardine Lloyd Thompson Jumps 31% On Takeover

Tue, 18th Sep 2018 10:53

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Ocado, up 4.4%. The online grocer reported a rise in revenue for the third quarter, boosted by increased capacity with two new robotic warehouses. For the 13 weeks to September 2, the FTSE 100 constituent said retail revenue increased 12% to GBP348.6 million from GBP312.7 million a year ago. "The new capacity from Andover and Erith, our robotic third and fourth warehouses, is helping meet consumer demand for our services and drive the channel shift which is transforming grocery retailing in the UK," Chief Executive Officer Tim Steiner said. The Erith Customer Fulfilment Centre opened this summer "on time and budget", Steiner added. Average orders per week jumped 11% to 283,000 compared to 254,000 a year ago, with the average customer spending GBP106.26 per order, flat on last year. ----------Fresnillo, up 3.5%. RBC added the gold miner to one of its Top Picks.----------Centrica, up 2.7%. Goldman Sachs raised its rating on the British Gas parent to Buy from Neutral.----------FTSE 100 - LOSERS----------British American Tobacco, down 2.1% and Imperial Brands, down 1.1%. Morgan Stanley re-initiated BAT with an Equal Weight rating and Imperial at Underweight.----------J Sainsbury, down 1.2%. The latest market share data from Kantar Worldpanel showed Sainsbury's increased sales over the the 12 weeks to September 9 at its fastest rate since January, up 1.6% on a year before, though its market share dipped to 15.4% from 15.8%. Rival Tesco saw its local Express stores perform "especially well", helping to boost total sales by 1.9%. However, Tesco still also shed market share, down 0.5 of a percentage point to 27.4%. German discounter Aldi was the fastest growing supermarket in the period, with sales up 14% on year and market share up 0.6 of a percentage point to 7.6%. Aldi's discount rival Lidl also "outpaced the market", with sales up 8.3%. Its market share reached 5.5% from 5.3% a year ago. Tesco was up 0.6%.----------easyJet, down 0.8%. Berenberg started the low-cost airline with a Sell rating.----------FTSE 250 - WINNERS----------Jardine Lloyd Thompson, up 31% at 1,876.00 pence. The company - which provides insurance, reinsurance and employee benefits-related advice - has has agreed to be taken over by MMC Treasury Holdings (UK) for GBP4.3 billion in cash. MMC Treasury Holdings (UK) is a wholly-owned subsidiary of New York-headquartered professional services firm Marsh & McLennan Cos. Under the offer, Jardine Lloyd Thompson shareholders will receive 1,915.00 pence in cash. This represents a 34% premium to the FTSE 250 constituent's closing price of 1,432.00p on Monday. So far, Marsh & McLennan and MMC Treasury Holdings have received hard irrevocable undertakings in respect of 40.5% of Jardine Lloyd Thompson shares. The deal is currently expected to close "during Spring 2019", subject to receipt of the relevant competition clearances and regulatory approvals.----------Wizz Air, up 3.8%. Berenberg started the low-cost, central and eastern Europe-focused airline with a Buy recommendation.----------BBA Aviation, up 3.2%. The aviation support and aftermarket services provider has acquired US based Firstmark Corp, an aerospace focused aftermarket service provider, for USD97 million. Firstmark will become part of the company's aftermarket services business, Ontic. The acquisition is expected to expand Ontic's US footprint to the US east coast and exposure to the commercial and military aerospace markets. Firstmark provides engineered, proprietary components and subsystems for the aerospace and defence industries. It employs over 70 people and has locations in Creedmoor, North Carolina, and Plainview, New York.----------FTSE 250 - LOSERS----------Spire Healthcare, down 4.3%. For the first half of 2018, the private hospital operator said pretax profit dropped to GBP5.1 million, down sharply on GBP12.1 million the year before, on revenue that fell by 1.1% to GBP475.6 million from GBP481.0 million. The profit drop was due to lower in-patient and day case admissions, which dropped by 4.1% to 133,700 cases from 139,400, as well as a change in the admissions mix, with less orthopaedic work and more oncology. Looking ahead, Spire expects earnings before interest, taxes, depreciation and amortisation for 2018 in the range of GBP120 million to GBP125 million, down from GBP150 million in 2017. Mediclinic International, which holds a 29.9% stake in the company, was down 2.5%. ----------IWG, down 4.1%. Credit Suisse cut the workspace provider to Underperform from Neutral.----------OTHER MAIN MARKET AND AIM - WINNERS----------CyanConnode, up 38%. The narrowband radio frequency mesh network company said it has received an order relating to a smart metering deployment by an Indian state-owned utility worth USD11.6 million. The order is for Omnimesh IPv6-based hardware, perpetual software licenses and installation services. Omnimesh was launched in 2018 and provides electricity metering capability, the company said. The company said it expects revenue of GBP700,000 under the order in its current financial year. This will contribute to the delivery of management's full-year expectations. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Flowtech, down 28%. The hydraulic, pneumatic and industrial components maker issued a profit warning due to delays in the Thames Tideway project and consequent liabilities. Flowtech expects underlying operating profit for 2018 to be marginally below market expectations due to its inability to replace delayed income from the Thames Tideway project. Flowtech is supplying hydraulic cylinders and power units to a sub-contractor on the project, aimed at improving London's sewer system. Flowtech's contract is worth GBP1.5 million and the completion date has been pushed back to early 2019. For the six months to June end, Flowtech recorded a 65% jump in revenue to GBP56.4 million from GBP34.2 million, resulting in a pretax profit of GBP4.2 million, versus GBP3.1 million a year ago. It also said that Chief Executive Sean Fennon has decided to retire, stepping down from the board immediately but advising until the end of the year.----------Kibo Energy, down 16%. The Africa-focused energy company said it is investigating the impact of a new tender launched by the Tanzania state power firm on Kibo's flagship Mbeya coal-to-power project in the country. Kibo said the Tanzania Electric Supply Co - or Tanesco - initiated a tender process earlier on Tuesday for coal and gasification combined cycle power plants as part of its plans to develop independent power projects in the country. The firm will "review" the invitation from Tanesco to "assess the potential impact" on the Mbeya project and its development plans. Kibo will also seek "clarification" on whether the tender process will have an impact on its ongoing power purchase agreement negotiations with Tanesco.----------
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