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SMALL-CAP WINNERS & LOSERS: Go-Ahead up on Govia deal; Wickes sales up

Fri, 25th Mar 2022 10:57

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Wickes Group PLC, up 6.1% at 183.05 pence, 12-month range 148.10p-288.40p. The DIY retailer posts double-digit revenue growth in year that ended January 1. Revenue rises 14% to GBP1.53 billion from GBP1.35 billion. Pretax profit surges to GBP65.4 million from GBP28.9 million. Wickes, separated from Travis Perkins back in April of last year, pays an annual dividend of 10.9 per share.

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Go-Ahead Group PLC, up 4.5% at 777.07 pence, 12-month range 450.60p-1,463.00p. The transport company says the UK Department for Transport hands rail contracts to its Govia Thameslink Railway unit. It will mean GTR continues to operate the Thameslink, Southern and Great Northern rail services, the largest railway network in the UK. The maximum annual fee receivable by Govia for the deal is GBP31.7 million. Go-Ahead has a 65% stake in Govia.

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Ted Baker PLC, up 4.1% at 126.50 pence, 12-month range 79.60p-217.60p. Shares in the retailer rose for six sessions in succession before falling on Thursday. The stock resumes its upward curve on Friday morning. It has received takeover interest. Sycamore Partners Management LP last week Friday confirmed it is in "the early stages" of a possible cash offer. Since mid-March, Ted Baker shares are up 44%.

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SMALL-CAP - LOSERS

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Petropavlovsk PLC, down 11% at 1.60p, 12-month range 0.78p-29.35p. The gold miner warns it has a USD200 million term loan and a USD86.7 million revolving credit facility with Gazprombank, a bank which now has been sanctioned by the UK, in the wake of Russia's invasion of Ukraine. Gazprombank, as per conditions of the loans, acts as an off-taker for all of Petropavlovsk's gold output. Sanctions and asset freezes imposed on Gazprombank currently prevent Petropavlovsk from making further sales of gold to Gazprombank.

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Restaurant Group PLC, down 2.6% at 65.07p, 12-month range 62.70p-140.00p. Barclays cuts the stock to 'underweight' from 'equal weight'. The bank notes that the Wagamama owner has 13 sell-side 'buy' recommendations, with Barclays offering the only negative negative sell-side rating.

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By Eric Cunha; ericcunha@alliancenews.com

More News

20 Mar 2022 19:30

Sunday newspaper round-up: TTIP, Lloyds, Ted Baker

(Sharecast News) - German finance minister, Christian Lindner, is calling for a fresh push in the wake of the invasion of Ukraine to put in place a trade deal between the European Union and the US. The last attempt, known as the Transatlantic Trade and Investment Partnership (TTIP), was put to rest in 2016, during the Trump administration. In remarks made to Handelsblatt, Lindner said the conflict had made clear how important it is to foster free trade with partners who share the same values. He was speaking ahead of a planned visit to a NATO summit by US President Joe Biden later in March. - Sunday Telegraph

18 Mar 2022 17:29

FTSE 100 notches best week in over year

March 18 (Reuters) - British stocks ended near session highs on Friday, and the blue-chip index clocked its best weekly performance in over a year as investors digested negotiations over the Ukraine-Russia conflict and a dovish outlook from the Bank of England this week.

18 Mar 2022 16:53

LONDON MARKET CLOSE: Stocks edge higher in cautious end to busy week

(Alliance News) - European equities closed slightly higher on Friday, ending a stacked week in slightly muted fashion, though stocks grew in confidence over the course of the afternoon after Chinese leader Xi Jinping condemned Russia's invasion of Ukraine.

18 Mar 2022 12:22

LONDON MARKET MIDDAY: Stocks fall as Biden to press Xi over Russia

(Alliance News) - Stock prices in London turned lower at midday on Friday, with major power conflict top of mind ahead of the first call between the leaders of the US and China since Moscow's invasion of Ukraine.

18 Mar 2022 11:04

SMALL-CAP WINNERS & LOSERS: Ted Baker takeover interest lifts peers

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

18 Mar 2022 09:12

LONDON MARKET OPEN: Ted Baker surges as Sycamore mulls offer

(Alliance News) - Stock prices in London opened mixed on Friday as doubts emerged over Russia-Ukraine peace talks as Moscow's relentless assault on its neighbour continues.

18 Mar 2022 09:02

UPDATE: Private equity firm, Sycamore, confirms interest in Ted Baker

(Alliance News) - Ted Baker PLC has received interest from across the Atlantic, as a New York private equity firm confirmed it is considering a takeover offer.

18 Mar 2022 07:50

LONDON MARKET PRE-OPEN: Sycamore confirms Ted Baker takeover approach

(Alliance News) - Stock prices in London are seen opening higher on Friday, tracking a rise in US and Asian equities, as the conflict between Russia and Ukraine remains grim.

18 Mar 2022 07:35

US PE firm Sycamore considering bid for Ted Baker

(Sharecast News) - Shares of Ted Baker surged on Friday after US private equity firm Sycamore Partners confirmed it is in the early stages of considering a possible cash offer for the London-listed fashion retailer.

18 Mar 2022 06:54

PRESS: Private equity firm Sycamore eyes takeover move for Ted Baker

(Alliance News) - US private equity firm Sycamore Partners is mulling a takeover approach for London-listed fashion retailer Ted Baker PLC, Sky News reported on Friday.

8 Mar 2022 13:44

IN BRIEF: Ted Baker hires former Joules CFO as new finance chief

Ted Baker PLC - London-based clothing retailer - Appoints Marc Dench as chief financial officer, effective from Tuesday. Dench succeeds David Wolffe who has resigned with immediate effect "to pursue another opportunity", having been in post since early 2020. Dench joins from digital health platform Health Hero and previously was CFO at British lifestyle retailer Joules Group PLC for five years. Before Joules, Dench was CFO of the Global Brands & International Retail division of Walgreens Boots Alliance Inc.

8 Mar 2022 08:25

Ted Baker appoints Marc Dench as CFO as Wolffe steps down

(Sharecast News) - Fashion brand Ted Baker has appointed Marc Dench as chief financial officer with immediate effect.

23 Feb 2022 17:01

FTSE 100 climbs as Barclays, consumer staples boost sentiment

Feb 23 (Reuters) - UK shares rose on Wednesday aided by strong earnings from Barclays and gains in consumer staples on the back of a weaker pound, while investors awaited Russia's next move after Western sanctions were imposed on Moscow for ordering troops into separatist regions of eastern Ukraine.

23 Feb 2022 16:56

LONDON MARKET CLOSE: Relief rally stalls as Ukraine worries heighten

(Alliance News) - The FTSE 100 posted only fractional gains on Wednesday as a strong start to the session faded in the afternoon amid concerns over the Ukraine crisis and Russia's impending response to a raft of sanctions from the West.

23 Feb 2022 11:29

SMALL-CAP WINNERS & LOSERS: Ted Baker confident of wider profit margin

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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SMALL-CAP WINNERS & LOSERS: Go-Ahead up on Govia deal; Wickes sales up

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