Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDC..L Share News (DC.)

  • There is currently no data for DC.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WINNERS & LOSERS SUMMARY: Fresnillo Gains As Gold Surges On Dovish Fed

Thu, 20th Jun 2019 10:45

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Fresnillo, up 5.4%. "The biggest headline from last night was from the FOMC meeting, the monetary policy event was more dovish than expectations and this pushed the gold price through the roof," said Naeem Aslam at ThinkMarkets. Gold was quoted at USD1,380.35 an ounce on Thursday, up from USD1,344.50 late Wednesday. The Fed on Wednesday said it would "act as appropriate to sustain the expansion", indicating there could be more accommodation to help the economy. The Mexican gold miner was joined by mid-cap peers Centamin, up 4.6%, and Hochschild Mining, up 5.0%.----------Halma, up 2.2% UBS raised the hazard detection firm to Neutral from Sell.----------FTSE 100 - LOSERS----------Evraz, down 4.2%. The steelmaker said senior company executives and a major investor have completed the previously announced 1.7% stake sale in the company. Non-Executive Chair Alexander Abramov, Chief Executive Officer Alexander Frolov, Non-Executive Director Eugene Shvidler and Chelsea football club owner Roman Abramovich have collectively sold 24.9 million shares at 635 pence each, equating to GBP158.1 million in total. The company was not a party to the share sale and will not receive any proceeds from the placing. ----------FTSE 250 - WINNERS----------Dunelm, up 8.0%. The home furnishings retailer said it expects its full-year results to be "ahead" of its previous expectations following "strong" trading in May and June. Dunelm explained that it had been a "very good" year for like-for-like sales with performance particularly strong in May and June, helped a weaker performance during the same period the year prior. The FTSE 250-listed firm now expects to report pretax profit for the year ended June 27 of between GBP124 million and GBP126 million. In financial 2018, Dunelm reported underlying pretax profit of GBP102.0 million. In early April, Dunelm had forecast pretax profit at the top of the analyst range of GBP115.6 million to GBP118.5 million. ----------Saga, up 7.7%. The over-50s insurer and travel firm was rebounding after shedding 12% on Wednesday as it cautioned over its Tour Operations arm. ----------FTSE 250 - LOSERS----------Dixons Carphone, down 13%. The electricals retailer warned that an increasingly changing UK mobile market will further hurt results in the new 2020 financial year. The company also slashed its annual dividend after sinking to a loss for 2019 financial year. For the year ended April 27, the phone and electrical goods retailer sank to a GBP259 million pretax loss from a GBP289 million profit the year prior. This was after revenue fell 1.0% to GBP10.43 billion from GBP10.53 billion the year before. Profit was hurt by one-off costs surging to GBP547 million from GBP67 million the year prior, this was primarily after impaired goodwill in relation to its UK mobile phone business amid a market in which handset sales volumes are falling and its market share diminishing. The company expects its UK mobile division to be significantly loss making in 2020 financial year, with sales and profit growth in the Electricals division across all operating regions.----------OTHER MAIN MARKET AND AIM - WINNERS----------Premier Technical Services, shares more than doubling to 209.701 pence from 87p at the close on Wednesday. The fall-arrest equipment services, lightning protection and electrical testing provider said it has agreed to a GBP265.3 million takeover offer from the UK infrastructure arm of Australian investment bank Macquarie Group. Macquarie is offering 210.1 pence in cash for each Premier Technical Services share. In 2015, when the company listed on AIM, shares traded at at 52p. The all-cash offer represents a premium of about 72% of the company's volume-weighted average price of 122p over the past 12 months.----------N Brown, up 8.3%. The fashion retailer reported a "solid" first-quarter trading performance, with total revenue lower on womenswear weakness despite digital and menswear delivering growth. For the three months ended June 1, total revenue declined 3.8% on the year prior. This was after womenswear revenue - including its JD Williams, Simply Be and Ambrose Wilson brands - sank 3.3% and its product brands unit shrank 13% as N Brown scaled back its unprofitable offline business. More positive was 8.0% growth in financial services revenue, 7.7% growth in menswear - driven by the performance of its Jacamo brand - and 3.0% digital revenue growth. N Brown left its financial 2020 targets unchanged. The firm still expects gross margins to remain either flat or up to 100 basis points lower. Meanwhile net debt is expected between GBP440 million and GBP460 million. ----------

More News
19 Jun 2019 14:06

Thursday preview: Bank of England, Dixon's Carphone in the spotlight

(Sharecast News) - The market spotlight on Thursday will be firmly on central banks, as policymakers at the Bank of England meet to decide on interest rates, with several of them having recently cautioned that financial markets might be underestimating the scope for a hike in Bank Rate before year end.

Read more
18 Jun 2019 14:49

Wednesday preview: Federal Reserve meeting, Dixon's Carphone in focus

(Sharecast News) - The focus on Wednesday will be squarely on the US central bank with investors looking for validation of their expectations for up to three interest rate cuts over the remainder of 2019.

Read more
13 Jun 2019 16:08

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 14 June SthreeTrading Statement Monday 17 Investment TrustHalf Year

Read more
11 Apr 2019 15:55

Dixons Carphone 'potentially attractive turnaround story', says Barclays

(Sharecast News) - Dixons Carphone rallied on Thursday as Barclays initiated coverage of the stock at 'overweight' with a 175p price target, arguing that it's a "potentially attractive turnaround story".

Read more
11 Apr 2019 15:18

FTSE 250 movers: Grafton gains, Sirius slides

(Sharecast News) - London's FTSE 250 index was 0.47% higher at 19,577.36 in afternoon trade on Thursday, with Grafton heading the risers on the back of a new acquisition.

Read more
11 Apr 2019 11:58

Thursday broker round-up

(Sharecast News) - Ocado: HSBC downgrades to reduce with a target price of 900p.

Read more
11 Apr 2019 10:40

WINNERS & LOSERS SUMMARY: Fresnillo Down After Quarterly Output Slips

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - Consolidated Airlines Group, up up

Read more
10 Apr 2019 09:17

Greggs Appoints TalkTalk Finance Chief Ferry As Non-Executive

LONDON (Alliance News) - Greggs PLC on Wednesday said it has hired Kate Ferry as a non-executive director, with effect from June.Ferry will replace Allison Kirkby, who leaves the board of a

Read more
2 Apr 2019 14:35

FTSE 250 movers: Wizz Air flies high, Dixons dives

(Sharecast News) - London's FTSE 250 index was 0.32% higher at 19,300.26 in afternoon trade on Tuesday, as Wizz Air gave the index a lift.

Read more
13 Mar 2019 08:32

LONDON MARKET OPEN: Stocks Lower; Pound Edges Up Ahead Of No-Deal Vote

LONDON (Alliance News) - London stocks opened on a downbeat note on Wednesday amid broadly lower trade in Asia and the US overnight, while the pound was edging higher ahead of yet another Brexit a

Read more
13 Mar 2019 08:14

Dixons Carphone fined £29m for insurance mis-selling

(Sharecast News) - The Financial Conduct Authority has fined Dixons Carphone more than £29m for insurance mis-selling.

Read more
13 Mar 2019 07:50

LONDON MARKET PRE-OPEN: Standard Life Board Shake-Up; Morrisons Payout

LONDON (Alliance News) - Stock prices in London are set to open lower on Wednesday, while the pound was steady after UK Prime Minister Theresa May's latest defeat in Parliament over her Brexit

Read more
26 Feb 2019 14:50

WH Smith Hires Three New Board Directors From Big Firms

LONDON (Alliance News) - WH Smith PLC on Tuesday said it appointed three more people to its board with two as non-executive directors.The newspaper, stationary and books retailer appointed

Read more
28 Jan 2019 17:05

LONDON MARKET CLOSE: FTSE Struggles As Wall Street Slides; Ocado Rises

LONDON (Alliance News) - It was a sluggish start to the new week for the FTSE 100 on Monday, with losses gathering pace in the afternoon as US stocks opened on a downbeat note following earnings a

Read more
28 Jan 2019 12:08

LONDON MARKET MIDDAY: Down Despite Deal Report Boost For M&S And Ocado

LONDON (Alliance News) - Stock trading in London started the week in a subdued fashion, with gains by Ocado and M&S unable to prevent the FTSE 100 from a by .

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.