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WINNERS & LOSERS SUMMARY: Miners Up On Rising Commodity Prices

Fri, 21st Sep 2018 10:35

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Glencore, up 3.3%; Anglo American, up 2.8%; Rio Tinto, up 2.4%; Fresnillo, up 2.2%, BHP Billiton, up 2.2%. Miners rose on higher commodity prices and a lower US dollar.----------Barclays, up 1.4%. The bank reported it had fixed problems which saw customers struggling to log in to their accounts and get through on the phone for much of the day on Thursday. The bank said the problems, which started at around 1000 BST, had affected its website and telephone banking. Customers had been able to use the mobile phone app, although some mobile banking features had also been affected. Barclays, which has around 24 million customers, confirmed late on Thursday afternoon that the problems had been fixed.----------FTSE 100 - LOSERS----------Just Eat, down 8.2%. The online takeaway firm shares dropped following a report on Thursday by Bloomberg that Uber Technologies is in early acquisition talks for Roofoods Ltd, better known as Deliveroo. The acquisition offer was not disclosed, however Bloomberg said it would be "several billion dollars", and it would have to be considerably above Deliveroo's latest valuation, which was USD2.0 billion.----------Smiths Group, down 6.1%. The engineering group reported a decline in pretax profit for the year to the end of July to GBP435 million, from GBP601 million reported the year earlier, as revenue slipped by 2.0% to GBP3.21 billion from GBP3.28 billion. Revenue suffered from unfavourable currency translation rates, with underlying revenue, which excludes the effects of foreign exchange, acquisitions and supplemental sales for divested businesses, up 2% year-on-year.----------FTSE 250 - LOSERS----------SIG, down 4.7%. The building products company posted pretax profit of GBP19.9 million for the six months to the end of June, compared to a GBP15.8 million loss a year prior, due to the absence of a GBP50.2 million loss from the sale and closure of non-core businesses and other items related to the disposal of property in the first half of 2017. However, revenue slipped to GBP1.38 billion from GBP1.43 billion a year ago on difficult UK trading due to poor weather and political uncertainty.----------OTHER MAIN MARKET AND AIM - WINNERS----------Xeros Technology, up 40%. The water technology company said it had signed a ten-year contract with Le Farc SA de CV to use Xeros's patented polymer technology in leather production facilities in Leon, Mexico. Xeros said it expects leather produced by Le Farc, using its technology, to be incorporated in consumer products in March next year. Le Farc supplies brands such as Timberland and Wolverine. The contract follows extensive trials which demonstrated material reductions in process inputs and effluent production and radically improves the sustainability of production, whilst maintaining high-quality leather output. ----------Filtronic, up 14%. The antenna manufacturer said it won a multi-year supply agreement with an unnamed "major" European defence contractor. The contract, for the supply of microwave modules for aerospace radar systems, has an expected value between GBP3.0 million and GBP5.7 million, Filtronic said. The firm did not specify how long the multi-year contract would run. ----------Woodford Patient Capital Trust, up 7.7%. The investment trust reported that the value of its portfolio holding Industrial Heat has been upgraded by the firm's fund manager. Industrial Heat's value multiplied to USD112.9 million. "This represents an increase of 8.02p per share of Woodford Patient Capital Trust," the company said. On Thursday, Woodford had said its NAV per share at June 30 was 91.94p, up from 91.33p at the end of 2017. The 8.02p boost would raise that recent valuation 8.7% to 99.96p.----------OTHER MAIN MARKET AND AIM - LOSERS----------Tasty, down 17%. The restaurant owner reported a widened pretax loss to GBP11.6 million in the six months to July 1 compared to GBP9.3 million loss reported for the same period in 2017, as revenue slipped to GBP23.0 million from GBP24.4 million. During the period, the company said it recognised an impairment charge of GBP11.2 million and an onerous lease provision of GBP1.7 million. Performance in the first-half was affected by unfavourable weather conditions and the World Cup, the company said, leading to the restaurant closures. ----------Moss Bros, down 16%. The menswear retailer posted a pretax loss of GBP1.7 million for the first half compared to a GBP3.9 million profit in the comparative period a year ago, on the back of lower sales for the period, GBP1.2 million in store impairments, and GBP800,000 in reorganisation and employee-related costs. Total revenue for the six months dipped 3.3% to GBP64.5 million from GBP66.6 million in the prior year, while cost of sales increased slightly to GBP26.8 million from GBP26.1 million. Moss Bros warned that its annual operating profit will be "materially lower than current market expectations".----------Pathfinder Minerals, down 10%. The Mozambique-focused miner reported a pretax loss of GBP392,000 for the six months to the end of June compared to GBP275,000 a year prior. As the company did not generate any revenue, the loss was entirely due to administrative costs, which increased by 43% to GBP392,000, which included the costs of maintaining the company's stock market listing.----------
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