WINNERS & LOSERS SUMMARY: Johnson Matthey Shares Slip On Flat Sales

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - LOSERS----------Johnson Matthey, down 3.2%. The chemicals firm said expectations for its full-year remain unchanged after growth in the Clean Air division was offset by flat sales elsewhere during the first quarter of its financial year. During the period to June 30, the speciality chemicals company reported "robust sales growth" from Clean Air, though the company expects full-year operating profit in this part of the business to be below last year due to "higher than anticipated" short-term costs. Looking ahead, Johnson Matthey anticipates mid-to-high single-digit growth this year after it made a pretax profit of GBP320.0 million on a revenue of GBP14.12 billion in its last financial year. The company hired Tate & Lyle's Food & Beverage Solutions President Joan Braca to replace Robert MacLeod, who is retiring as chief executive of the Clean Air division. ----------Fresnillo, down 1.3%. The Mexican gold miner cut production guidance as it warned 2019 will continue to be a difficult year. Fresnillo now sees 2019 gold output at between 880,000 ounces and 910,000 ounces from 910,000 ounces to 930,000 ounces before, and silver guidance has been lowered to 55 million to 58 million ounces from 58 million ounces to 61 million ounces before. Fresnillo's second-quarter gold production rose 4.8% on the prior quarter to 221,307 ounces, but fell 5.4% on the year before, with first half gold down 7.1% year-on-year to 432,417 ounces. For silver, second quarter output rose 9.7% to 14.1 million ounces, but fell 6.0% on the year, with first half production down 10% on the year prior to 27.6 million ounces. ----------FTSE 250 - WINNERS----------Galliford Try, up 6.2%. The housebuilder has guided to meet annual expectations after a good performance across all divisions. Galliford expects to meet analyst pretax profit forecasts of between GBP112.7 million and GBP116.4 million, which include GBP40 million in exceptional costs. An additional GBP30 million write-down that Galliford had flagged back in May will be taken against operating costs, it said. Linden Homes had a strong financial 2019, Galliford said, while Partnerships & Regeneration made "excellent progress" during the year. Galliford has now finished reconstituting its Construction unit, which has led to the GBP40 million of exceptional costs. The business had an order book of GBP2.9 billion as of June's end, down 12% on the year before, with 88% of revenue for Galliford's new financial year secured.----------TalkTalk Telecom, up 4.6%. The firm reported single-digit revenue growth in the first quarter of its current financial year and said growth expectations for the year remain unchanged. In the three months to June 30, total revenue rose 1.3% year-on-year to GBP387.0 million. Headline on-net revenue, comprising of its consumer, wholesale and direct business-to-business broadband customers, rose 2.6% year-on-year to GBP317.0 million from GBP309.0 million. The company said this was driven by higher average revenue per user in the quarter, up to GBP24.72 from GBP24.65 during the corresponding period last year. Demand for TalkTalk's fibre broadband product also jumped year-on-year, showing net additions of 118,000 from 67,000 in the first quarter last year. The company reiterated it anticipates "strong" earnings before interest, tax, depreciation and amortisation growth for the full year. Last year's figure was GBP237.0 million. ----------CLS Holdings, up 3.7%. The commercial property investor has agreed to sell Quayside Lodge in London to SMC Fulham for GBP19 million. The firm said the disposal price represents a 14% premium to the site's valuation as at December 31, 2018. The decision to sell the Fulham property was driven by its higher alternative use value and limited scope for CLS to add further value, the company explained.----------FTSE 250 - LOSERS----------Hochschild Mining, down 3.0%. German bank Berenberg has initiated the gold miner with a Sell rating. ----------Euromoney Institutional Investor, down 3.1%. The firm reported 2.8% growth in revenue in the third quarter of its financial year despite challenges for the Information business serving the asset management sector. The financial magazine publisher and event organiser is trading in line with expectations, with good performance in Pricing, Data & Market Intelligence and Banking & Finance offset by ongoing structural and cyclical challenges within Asset Management. For the three months to the end of June, Euromoney reported revenue of GBP110.9 million, up 2.8% from a year earlier, with underlying revenue flat year-on-year. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Mirada, up 23%. The digital TV software firm has integrated streaming service Netflix into its Iris multiscreen product, meaning all Mirada customers will now be able to provide subscribers with access to video-on-demand streaming directly from the Iris pay-TV platform.----------Premier African Minerals, up 14%. The order to electrify the RHA tungsten project in Zimbabwe has been given, Premier African said, and essential works will begin immediately, as will all repairs that need to be carried out. The miner also said the government now considers it a "priority project". ----------OTHER MAIN MARKET AND AIM - LOSERS----------Westminster Group, down 11%. The security firm said scanning operations at the new Tema container port in Ghana have begun well. However, Westminster has not yet formally signed contracts to be the sole scanning provider at the port, meaning a letter of intent to do so has been extended to allow a contract to be finalised.----------