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Pin to quick picksWishbone Share News (WSBN)

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WINNERS & LOSERS SUMMARY: Just Eat Leaps As It Gobbles Up Takeaways

Fri, 05th Feb 2016 10:32

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.
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FTSE 100 - WINNERS
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BG Group, up 1.1%. The oil and gas company reported full-year results that met market expectations as a 16% fall in revenue caused a steep drop in underlying earnings. The company, which is set to merge with Royal Dutch Shell, reported business performance earnings, which excludes special items and measures the underlying performance of the business, of USD1.69 billion in 2015 compared to USD4.03 billion a year earlier after revenue dropped 16%. BG Group didn't manage an overall profit, reporting a pretax loss of USD1.16 billion. However, that is still significantly narrower than the USD8.33 billion pretax loss in 2014. Before special items, BG managed a USD367.0 million profit compared to USD1.15 billion profit in 2014.

Shell 'A' and 'B' share classes both up 1.7%. The oil and gas major was adding to its gains from Thursday, supported by stable oil prices. Brent crude quoted at USD34.70 a barrel, having closed at USD34.62 on Thursday.
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FTSE 100 - LOSERS
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AstraZeneca, down 0.3%. The pharmaceutical company saw further losses from Thursday, when it guided for a decline in earnings and revenue in 2016.
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FTSE 250 - WINNERS
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Just Eat, up 7.6%. The online takeaway platform said it has acquired four takeaway businesses for a total of EUR125.0 million, in a move to beef up its position in four different countries. Just Eat said it bought takeaway food businesses from Rocket Internet in Spain and Italy, and from foodpanda in Brazil and Mexico, with the acquisitions to be paid for with existing cash on its balance sheet.

Shaftesbury, up 2.1%. The real estate investment trust said it has continued to see strong tenant demand, underpinned by robust footfall and spending, while making "good progress" with its major schemes. The company which owns retail, restaurant and leisure assets across London's West End, reported EPRA vacancy of 2.0% at the end of December 2015, versus 1.6% at the end of September. Available to let vacancy comprised 13,200 square feet at the same stage, made up of retail space, two restaurants, office space and five apartments.

Victrex, up 2.2%. N+1 Singer upgraded its rating on the stock to Buy from Hold.

Micro Focus International, up 1.5% at 1.360.51p. Wizard Parent LLC, which is owned by Francisco Partners, Golden Gate Capital, Thoma Bravo LLC and Elliott Management Corp, Friday said it upsized the number of shares it was selling in the FTSE 250 software company after its placing was met with strong demand from investors. Wizard raised GBP357.0 million from the placing, which took place overnight and saw the sale of 28 million shares, versus the original expectation of 22 million shares, at 1,275 pence per share.
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FTSE 250 - LOSERS
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Enterprise Inns, down 2.0%. Barclays downgraded the pub operator's stock to Underweight from Equalweight.
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MAIN MARKET AND AIM - WINNERS
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Premier Farnell up 6.8%. The electrical components maker said it has agreed to sell life-safety products business Akron Brass Holding Corp to IDEX Corp for USD224.2 million in cash. The company said it decided to sell Akron Brass, which provides products to fight fire, in order to allow it to invest more in its core electronics distribution arm. The move comes after the completion of an operational review of its global electronics distribution business late last year, with the sale of Akron Brass marking an "important miletone" towards refocusing Premier Farnell and improving its financial performance.

Bahamas Petroleum, up 30%. The oil and gas company said the Bahamian senate approved a Petroleum Bill aimed at improving exploration in the country. The new legislation provides an upgraded and modernised framework for petroleum exploration operations in the Bahamas and are set to guide and govern the next phase of safe and responsible hydrocarbon exploration. The Sovereign Wealth Fund will ensure that wealth generated from exploration success in the country will be invested and conserved to benefit the country's population.

Wishbone Gold, up 10%. The gold miner said it has acquired Precious Metals International, which holds a gold, precious metals and gem trading licence to operate in the United Arab Emirates. Black Sand, which was established by its chief executive Barret Kosh in 2014 as a successor company to Multinational Commodities FZE, has agreements in place for importing gold from Colombia and Honduras with a pipeline of other supply deals from other parts of South America.

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MAIN MARKET AND AIM - LOSERS
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ImmuPharma, down 14%. The drug development company said it is seeking to raise at least GBP7.5 million through a placing and subscription to finance a trial for its Lupuzor product. ImmuPharma said it will issue no fewer than 11.8 million shares at 26 pence per share, to raise at least GBP3.1 million, in an accelerated bookbuild. In a separate agreement, ImmuPharma set out a subscription deal with Lanstead Capital to raise GBP4.4 million through the subscription of 17.0 million new shares at 10p per share. Of this, the company said it will retain GBP660,000. The remaining GBP3.76 million is to be pledged to Lanstead via a sharing agreement, with ImmuPharma entitled to receive the money over a period of 18 months, with the amount depending on the movement of ImmuPharma's shares.

Central Rand Gold, down 13%. The gold miner said it is raising GBP1.2 million through an equity subscription deal. The company said it plans on issuing just shy of 35.0 million new shares at 3.5 pence per share. It has already allotted 14.3 million new shares, and requires shareholder permission to issue the remainder. The shares have been conditionally subscribed for by a number of high-net-worth individuals including the principal of Zhejiang Golden Machinery Plant. The move comes just weeks after the company terminated talks with four Asian investor groups for the sale of Central Rand Gold (Netherlands Antilles) NV, amid uncertainty over falling commodity prices and a tough time for the junior mining sector.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2016 Alliance News Limited. All Rights Reserved.

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15 Mar 2024 14:43

Wishbone Gold reports positive results from Cottesloe drilling

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15 Mar 2024 11:16

Wishbone Gold reveals "spectacular" results at Cottesloe site

(Alliance News) - Wishbone Gold PLC announced on Friday that initial results from its Cottesloe site in Western Australia "has highlighted significant mineralisation potential."

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15 Mar 2024 10:07

AIM WINNERS & LOSERS: Wishbone Gold jumps on "positive drilling"

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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15 Mar 2024 08:43

LONDON MARKET OPEN: FTSE 100 treads water; buyback boosts Vodafone

(Alliance News) - Stock prices in London opened in a muted fashion on Friday, as a hotter-than-expected US producer price reading stifled risk appetite, with focus beginning to move to interest rate decisions from the Federal Reserve and Bank of England next week.

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2 Feb 2024 16:50

Wishbone Gold raises £0.3m in 'top-up' placing

(Sharecast News) - Wishbone Gold announced on Friday that it has successfully raised £0.3m in funding from a corporate investor, selling 25 million new shares for 1.2p each.

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2 Feb 2024 11:14

IN BRIEF: Wishbone up after fundraise for "exciting" Pilbara project

Wishbone Gold PLC - Gibraltar-based, Australia-focused mining company - Raises GBP300,000 from a single, unnamed corporate investor through the issue of 25.0 million shares at a price of 1.2p. Wishbone expects the new shares to be admitted to trading on AIM and AQSE on February 8. Wishbone says that the "top-up" placing will allow the company to initiate operations at Mosquito Creek in the Pilbara region of Western Australia. In December, Wishbone exercised its exclusive option to acquire the Crescent East lithium and gold project, located within Mosquito Creek. Due diligence at the site revealed "significant gold nuggets" of up to 78.5 ounces, and historical chip results at Mosquito include 117 grammes of gold per tonne of ore.

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19 Dec 2023 19:45

IN BRIEF: Wishbone Gold confirms presence of gold in Australian field

Wishbone Gold PLC - Gibraltar-based, Australia-focused mining company - Completes its due diligence on the Crescent East lithium and gold project located in Western Australia. Says geologists confirm the presence of significant gold nuggets on and within the Crescent East tenement package. Adds option to acquire 100% of the tenements, as announced on November 22, will now be exercised. Chair Richard Poulden says: "We are pleased to have exercised the option on the Crescent East project, and we will continue to secure more land in the highly sort after Pilbara area to cement Wishbone's future as a growing player in this exciting area. To have found gold and possible lithium structures before exploration has started is extremely promising."

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13 Dec 2023 14:22

Wishbone confirms visual results from Cottesloe drilling

(Sharecast News) - Wishbone Gold updated the market on its ongoing diamond drill programme on Wednesday at the Cottesloe project in the Paterson Range of Western Australia.

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13 Dec 2023 11:51

Wishbone Gold receives "encouraging visual results" at Cottesloe site

(Alliance News) - Wishbone Gold PLC on Wednesday hailed results from drilling at its Cottesloe project in Western Australia.

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4 Dec 2023 10:46

IN BRIEF: Wishbone Gold celebrates new Red Setter mineralisation

Wishbone Gold PLC - Gibraltar-based, Australia-focused mining company - Says updated results of exploration programme and modelling efforts at its Red Setter prospect, in the Paterson Range in Western Australia, confirm a significant gold system with a mineralised strike over 3 kilometres. Mineralisation includes 18 metres at 0.49 grams per tonne, 14 metres at 1.0 g/t and 25 metres at 0.28 g/t. Company has completed first stage of drilling six holes to target depths of between 400 metres and 500 metres. Expects the second of drilling, completing the holes to their final target depth with a diamond drill rig, to take place in 2024.

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22 Nov 2023 16:56

EARNINGS AND TRADING UPDATES: Wishbone Gold celebrates project buy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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13 Nov 2023 16:43

TRADING UPDATES: PCI-PAL picked by Zoom; Biome in project delays

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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8 Nov 2023 11:48

IN BRIEF: Wishbone Gold starts diamond drilling at Cottesloe

Wishbone Gold PLC - Australia-focused mining company - Starts diamond drilling at its Cottesloe project in the Paterson Range province of Western Australia. Rotary air blast and reverse circulation drilling has previously confirmed extensive anomalies in the oxidised zone, with anomalous zones extending up to 34 metres and the highest grades including 0.25% copper and 4.6% lead.

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6 Nov 2023 14:52

Wishbone Gold director elected as Lord Mayor of the City of London

(Alliance News) - Wishbone Gold PLC on Monday celebrated its non-executive director Michael Mainelli's appointment as the 695th Lord Mayor of the City of London.

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2 Nov 2023 14:18

TRADING UPDATES: Pyx premium zircon production up in third quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

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