UK WINNERS & LOSERS SUMMARY: Greggs Tops 250s Despite Profit Caution

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.

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FTSE 100 - WINNERS

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Standard Chartered, up 8.4%, Barclays up 7.2% and HSBC, up 6.8%. UK banking stocks surged on Wednesday. IG Chief Market Analyst Joshua Mahony said the possibility of a Democrat majority in the US Senate has raised hopes that a Biden administration will "provide as much support as necessary to avoid major economic suffering".

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BP, up 5.5%, and Royal Dutch Shell 'A' and 'B' shares, up 3.3% and 4.0%. Oil prices shot higher following Saudi Arabia's surprise announcement at Tuesday's OPEC meeting that it will trim production in February and March, while only Russia and Kazakhstan will raise production.

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FTSE 250 - WINNERS

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Greggs, up 8.0%. The baker was higher following a trading update on Wednesday and despite warning that it will not return to pre-health crisis levels until "2022 at the earliest".

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IP Group, up 5.2%. The investment firm said portfolio company and autonomous vehicle software provider Oxbotica has raised GBP36.0 million in new capital through a Series B financing round. IP Group committed GBP4.0 million to the round.

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OTHER MAIN MARKET AND AIM - WINNERS

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Gaming Realms, up 12%. Has been awarded a provisional iGaming supplier license by the Michigan Gaming Control Board as the UK company focuses on increasing its US presence.

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Advanced Oncotherapy up 9.7%. Announces partnership with DiaMedCare, a life sciences-focused asset financing partner. As part of deal, Advanced will be able to offer its customers easy access to its LIGHT system through a "flexible financing solution".

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Seeing Machines up 8.0%. Pens agreement with OmniVision Technologies to license Seeing's Occula artificial intelligence platform.

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OTHER MAIN MARKET AND AIM - LOSERS

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Microsaic Systems, down 11%. Notes recent share price increase but says that there is "no new information" it needs to disclose since announcing appointment of KRE Corporate Recovery to explore options to maximise creditor and shareholder value.

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By Eric Cunha; ericcunha@alliancenews.com

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