Velocity Comp Share News (VEL)

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Rolls Royce Holdings, up 11%. The jet engine maker laid out its target to exceed GBP1 per share of free cash flow generation and a cash flow return on invested capital of 15% in the medium term. In 2017, free cash flow generation stood at 15 pence, while return on invested capital was 9%. The company also said that it is well-placed to now exceed free cash flow of GBP1 billion by 2020. Power Systems, the company's engine manufacturing unit, is predicted to achieve revenue growth of 3 to 5 percentage points above underlying GDP and an operating profit margin in the mid-teens versus 11.3% in 2017. The London-headquartered company also said that it will incur additional GBP100 million cost relating to in-service issues with its Trent 1000 Package C and B engines, due increased level of inspection and intervention. It has implemented a number of short-term cost savings actions separate to the new restructuring plan announced on Thursday to offset the increased costs.----------Tesco, up 2.2% The retail chain said that for the 13-week period to May 26, the company posted 1.8% growth in group like-for-like sales compared to 1.0% growth recorded a year ago, on the back of a good performance in its core UK and Ireland business. The UK & Ireland business generated like-for-like sales growth of 3.5% versus 2.2% last year. In the UK, sales increased 2.1%, while in Ireland they were up 3.0%. Booker saw like-for-like sales, including tobacco, up 14.3%, driven by a strong underlying performance and new business wins, the company said. Tesco's international performance reported a downfall, with like-for-like sales in central Europe and Asia down 1% and 9%, respectively, as the increase in fresh food sales was offset by "specific market factors". The company said sales in central Europe were negatively affected by some regulatory changes. ----------Intercontinental Hotels Group, up 1.2%. JPMorgan raised the hotel operator to a Neutral rating from Underperform, and increased the price target to 4,350 pence from 3,680p.----------FTSE 100 - LOSERS----------BHP Billiton, down 1.9%. On Thursday, the Anglo-Austrailian mining company said it is to spend USD2.9 billion on the South Flank iron mine project in the central Pilbara region of Western Australia. BHP said South Flank will "fully" replace production from the nearby Yandi mine, which is reaching the end of its economic life. The Anglo-Australian miner is to build an 80 million tonne of ore per year crushing and screening plant at South Flank, as well as a conveyor system, stockyard and train loading facilities, and also buy a new mining fleet and undertake "substantial" mine development work. BHP is hoping to have first ore from South Flank during 2021, and its life-of-mine is expected to be over 25 years. In addition, BHP signed a contract with Hoctief AG's Australian subsidiary CIMIC Group Ltd for the latter to provide bulk earthworks construction, concrete and construction services for the project.----------FTSE 250 - WINNERS----------Synthomer, up 2.7%. Deutsche Bank raised the polymer supplier's price target to 630 pence from 565p, retaining its Buy rating.----------FTSE 250 - LOSERS----------Indivior, down 17%. The US Food & Drug Administration approved the first generic versions of Suboxone sublingual film for the treatment of opioid dependence. In April Indivior, the opioid-addiction treatment producer, had filed lawsuits against several companies for the infringement of US patent 9,931,305 relating to their versions of the Indivior's Suboxone Sublingual Film product. The lawsuits alleged that the companies Dr Reddy's, Actavis, Par, Alvogen and Teva infringe the patent, which claims film compositions that have a substantial uniform distribution of active drug. Now Mylan Technologies Inc and Dr Reddy's have received approval to market buprenorphine and naloxone sublingual film in multiple strengths. Buprenorphine and naloxone sublingual film should be used as part of a complete treatment plan that includes counseling and psychosocial support.----------AVEVA Group, down 5.2%. Barclays cut the electrical and industrial software provider to an Equal Weight rating from Overweight.----------Stobart Group, down 4.0%. The logistics firm, following the firing of former Chief Executive Andrew Tinkler and the start of legal proceedings against him on Thursday, said it would change its structure from a collection of business into a more tightly focused group for Aviation and Energy, and encouraged shareholders to re-elect Iain Ferguson as director and chairman.----------BTG, down 4.0%. The healthcare company said that the Anesthesiology & Respiratory Therapy Devices Panel of the Medical Devices Advisory Committee of the US Food & Drug Administration has voted against recommending approving BTG's Elevair emphysema treatment. The panel voted against the claim that Elevair is "effective for use in patients" and also against the claim that "the benefits of Elevair outweigh the risks". Elevair, marketed as PneumRx Coils in the EU, is a type of coil that is implanted into the lungs of emphysema patients in order to hold open their airways when they exhale. This treatment is intended to prevent the airways from collapsing. The panel's recommendation against the treatment is non-binding but will be considered by the FDA as part of its ongoing review of Elevair. The review is expected to conclude "in late summer 2018", the company said.----------OTHER MAIN MARKET AND AIM - WINNERS----------China Nonferrous Gold, up 13%. The mining company said its subsidiary Kryso Resources Ltd has entered a supplementary consultancy contract with China 15th Construction Group Co Ltd for the construction of tailing ponds on the Pakrut Gold Project in Tajikistan.----------Velocity Resources, up 12%. The aircraft-focused carbon fibre manufacturer acquired an award to supply composite material kits to a manufacturer of component parts for the Leading Edge Aviation Propulsion engines. The contract is expected to run until December 2020, and contribute up to USD6 million to Velocity's revenue over the period. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Orosur Mining, down 38%. The South America-focused gold producer's subsidiary Loryser SA has applied to start reorganisation proceedings under Uruguayan legislation. This is due to operational challenges at the San Gregorio Underground Mine, and the lack of alternative ore sources leading to financial liquidity constraints. As a result, Orosur is planning to transition from San Gregorio to the Veta A underground project, however this will require external funds and the environmental permit in Veta A, which is not currently available.----------KEFI Minerals, down 25%. The gold mining company said it intends to raise GBP5.5 million through a placing of 120 million shares, and a subscription issue of up to 100 million shares, all at a price of 2.5 pence per share. Proceeds will go towards enabling the closing of the USD260 million project financing of the Tulu Kapi Gold Project in Ethiopia. The project is now solely dependent on government approval and due diligence to start.----------UK Oil & Gas Investments, down 21%. The natural resources investment company raised GBP5.5 million through a placing of 611.1 million shares at a price of 0.9 pence each. Proceeds will go towards funding its portion of the Horse Hill-2 appraisal well in Sussex, lease two wells sites in PEDL234 and one well site for the Arrenton oil discovery, and funding UK Oil & Gas' share of the planned Portland and Kimmeridge Holmwood well which is estimated to contain 920,000 barrels in prospective resources.----------