Utilitywise Share News (UTW)

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - LOSERS----------Glencore, down 12%. The miner and commodities trader said that its subsidiary Glencore Ltd has received a subpoena from the US Department of Justice to produce documents in compliance with the Foreign Corrupt Practices Act and US money laundering statutes. The documents relate to Glencore's businesses in Nigeria, the Democratic Republic of Congo and Venezuela since 2007. Glencore said it is reviewing the "reviewing the subpoena and will provide further information in due course as appropriate".----------FTSE 250 - WINNERS----------Paragon Banking Group, up 8.1%. The buy-to-let lender acquired residential development finance provider Titlestone Property Finance for GBP48 million and a portfolio of development finance loans for GBP226 million from a series of special purpose-vehicle companies. Titlestone and the SPV companies were owned by funds controlled by Oaktree Capital Management. Peel Hunt upgraded Paragon to Buy from Add on Tuesday, believing the acquisitions will further diversify the company's business.UDG Healthcare, up 2.5%. The healthcare company acquired two US-based businesses for up to USD82.4 million. UDG bought creative communications agency Create NYC and analytics business SmartAnalyst. Create NYC's total consideration is USD58.4 million, of which USD17 million have been paid upfront. SmartAnalyst was bought for USD24 million, with an initial consideration of USD18 million. "We are delighted to announce these two acquisitions, which further expand the services we offer our healthcare clients," Chief Executive Officer Brendan McAtamney said.----------FTSE 250 - LOSERS----------Hasting Group, down 4.5%. JPMorgan downgraded the insurer to Neutral fro Overweight. Ferrexpo, down 3.8%. The iron pellet producer said it saw lower pellet production in the first half of 2018, reflecting a 65-day pellet line refurbishment. Total pellet production for the six months to the end of June was 5.1 million tonnes, down 1.2% from 5.2 million tonnes for the same period the year before. This included a 1.1% drop year-on-year in pellet production from Ferrexpo's own ore, and a 33% fall in production from third-party materials.----------OTHER MAIN MARKET AND AIM - WINNERS----------Utilitywise, up 20%. The utility cost management firm said it partnered with FTSE 100-listed Vodafone Group and Dell EMC to launch an new energy and building management platform. The new platform will "transform the way businesses use energy and run their sites", the company said. The platform allows businesses to monitor all their energy outputs from different buildings and site in one integrated hub. The collaboration extends from technology to marketing with the Vodafone sale team cooperating with Utilitywise to take the platform to market.----------OTHER MAIN MARKET AND AIM - LOSERS----------McBride, down 6.5%. The household goods maker warned on its full year profit due to weak recent sales, while it also has announced the sale of its personal care liquids business. McBride said after disappointing sales in May and June it now expects adjusted pretax profit to be below market expectations. In its Household business, McBride expects revenue to be 16% higher year-on-year in the second half of 2018 including a full contribution from last year's acquisition Danlind. Since February, it continued, Household revenue in France has suffered though Germany has done well, but then a weak May and June negated this. In Personal Care & Aerosols the company's loss will be larger than expected mainly due to lower revenue, but it expects the business to breakeven from July next year following the sale of UK Aerosol operations in Hull.----------