WINNERS & LOSERS SUMMARY: Shire Shares Off After US Approval Setback

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.
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FTSE 100 - WINNERS
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Berkeley Group Holdings, up 0.6%, Barratt Developments, up 0.5%. Housebuilders were trading higher following a report by Rightmove, the online property portal, which showed the average price of a house in the UK increased 0.6% month-on-month in October to GBP296,549.
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FTSE 100 - LOSERS
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Shire, down 1.5%. The Irish drug company said the US Food and Drug Administration has requested an additional clinical study be undertaken as part of its complete response letter to the new drug application made for Shire's lifitegrast drug for treating signs and symptoms of dry eye disease. The FDA also requested more information on the product quality, Shire said. The company said it has recently completed a phase 3 study on lifitegrast which, if positive, will form the basis of its response to the US regulator's letter.

Anglo American, down 4.4%, Fresnillo, down 3.4%, Glencore, down 3.0%, Randgold Resources, down 2.2%, BHP Billiton, down 1.6%, Rio Tinto, down 1.5%, Antofagasta, down 1.5%. Miners were trading lower following mixed economic data from China. The country's economic growth slowed in the third quarter, though growth was ahead of expectations, while industrial output slowed month-on-month in September.
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FTSE 250 - WINNERS
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Carillion, up 0.9%. The construction and support services company said it has secured a deal with the UK Homes and Communities Agency to handle the regeneration work at Tower Works in Holbeck Urban Village in the South Bank area of Leeds. The site covers 1.17 hectares and is a former industrial location. Carillion will deliver 90,000 square feet of commercial office space, 24,000 square feet of retail, restaurant and bar space and a number of residential units at the site. The GBP80.0 million deal is expected to start in spring 2016, subject to a site-wide masterplan being approved.
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FTSE 250 - LOSERS
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Evraz, down 5.2%. The Russian miner and steelmaker was also lower on the mixed data from China, which had a similar effect on FTSE 250 miners as on their blue-chip peers. Kaz Minerals was down 4.7% and Vedanta Resources was down 4.2%.
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MAIN MARKET AND AIM - WINNERS
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MySQUAR, up 16%. The Myanmar-focused mobile services company said it has signed a five-year deal with mobile payments company MyPay and said its user numbers have surpassed 1.5 million. MySQUAR said that under its five-year deal with MyPay it will receive USD500,000 in software platform integration fees, plus a 50% share of net fees collected from MyChat users who carry out transactions using the payment features on the platform. The company noted that Eric Schaer, its chief executive officer, holds an indirect controlling interest in MyPay. In addition to the MyPay deal, the company said its total user accounts at October 14 had surpassed 1.5 million, up around 50% since June 30.

UTV Media, up 5.2%. The broadcast and radio company struck a GBP100.0 million deal to sell its television assets to ITV, the FTSE 100-listed broadcaster. Under the deal, ITV will buy UTV's television unit, including its UTV Northern Ireland and recently launched UTV Ireland businesses, in order to strengthen its free-to-air business and allowing it to run a more efficient network, ITV said. "Having successfully extended the reach of our television business with the launch of UTV Ireland, I believe that shareholder value can be maximised through our television interests becoming part of ITV's global broadcast and content business," said Richard Huntingford, UTV's chairman.
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MAIN MARKET AND AIM - LOSERS
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Tribal Group, down 37%. The education software and services company issued a profit warning as it said its focus on winning larger contracts has been to the detriment of its medium and smaller contract base. Tribal said that while it has been successful in winning larger contracts, this has hit its pipeline of medium and smaller deals to complement the larger wins. In addition, it has been hit by contract delays which has resulted in deferred revenue and higher costs. Due to this, Tribal now expects its 2015 revenue to fall year-on-year and said its operating profit will be significantly lower than its previous expectations.

LGO Energy, down 47%. The oil and gas explorer said the mechanical problems suffered at the GY-678 well on the Goudron field in Trinidad will have "significant cost implications" for the company, and said the lost production from the well will hit its cashflow forecasts. The well was the last of a seven-well drilling programme on the field and was hit by the mechanical problem in September. The company has been trying to resolve the problem, specifically removing a stuck pipe, but has been unsuccessful. The unsuccessful recovery attempts are set to cost the company USD1.9 million, and the company is "potentially liable" for the cost of the downhole equipment which was lost due to the mechanical fault, which is expected to cost a further USD1.5 million. In another blow, the loss of anticipated production from the well has hit the company's cashflow forecasts, forcing it to hold discussions with its lenders.
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By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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