(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.
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FTSE 100 - WINNERS
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Homeserve, up 4.7%. Credit Suisse resumed coverage of the emergency home repairs business with an Outperform rating.
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FTSE 100 - LOSERS
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AVEVA, down 5.1%. The information technology firm reported a loss for the first half of its financial year, as revenue declined considerably. It posted a pretax loss of GBP24.2 million, swinging from a profit of GBP24.0 million a year before. Revenue declined by 15% year-on-year to GBP332.6 million from GBP391.9 million.
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FTSE 250 - WINNERS
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TI Fluid Systems, up 7.6%. The automotive fluid storage firm said third-quarter revenue slipped 5.1% year-on-year but "continued to outperform global light vehicle production volumes by 2.2%". TI Fluid noted that first-half revenue tumbled 31%, so the third quarter represented somewhat of a recovery.
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Tate & Lyle, up 6.9%. The food firm's revenue slipped 6% to GBP1.39 billion in the first half and pretax profit fell 4% to GBP157 million. The company held its payout at 8.8 pence per share.
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FTSE 250 - LOSERS
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Coats Group, down 4.0%. HSBC cut the thread maker to Hold from Buy.
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OTHER MAIN MARKET AND AIM - WINNERS
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Nostra Terra Oil & Gas, up 20%. The Texas-focused oil & gas exploration and production company said Cypress Minerals received the drilling permit ahead of drilling of the Pine Mills oil field.
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PCI-PAL, up 17%. The payments solutions provider said first-quarter revenue rose 44% annually.
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OTHER MAIN MARKET AND AIM - LOSERS
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N Brown, down 12%. The retailer's revenue fell 18% to GBP356.7 million, and pretax profit dropped by a quarter to GBP14.1 million in the six months ended August 31, a period hit by Covid-19 lockdowns. With more curbs to come in England, N Brown said it will bolster its coffers through a GBP100 million placing and open offer. It also plans to move from the London Main Market to AIM.
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By Eric Cunha; ericcunha@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Tate & Lyle (TATE)
Nostra Terra (NTOG)
Pci-pal (PCIP)
TI Fluid Systems (TIFS)
Brown Group (BWNG)
Coats (COA)
