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WINNERS & LOSERS SUMMARY: Beazley Sinks As Interim Profit Drops 64%

Fri, 20th Jul 2018 10:28

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Unilever, up 1.5%. The Anglo-Dutch consumer goods firm said it has completed the first EUR3 billion tranche of the previously announced EUR6 billion share buyback programme. The Dove soap maker also said that it has commenced the second tranche to buy back shares worth EUR3 billion in line with its previously announced plans. On Thursday, the company had reported a year-on-year drop in sales and profit for the first half of 2018 on the back of a truckers strike in Brazil, weakening of economic conditions in Argentina, and adverse currency movements. The stock closed up 2.8% Thursday. ----------FTSE 100 - LOSERS----------Smiths Group, down 0.9%. JPMorgan removed the engineer from its Analyst Focus List, thought it retained its Overweight rating on the stock. Shares in Smiths fell on Wednesday after the company warned that it expects a 2% drop in full-year revenue at its medical division.----------FTSE 250 - WINNERS----------Sirius Minerals, up 2.0%. The fertilizer development company said it has signed supply agreements for POLY4 fertilizer with two new Chinese customers. Sirius, which is developing a large polyhalite mine in north Yorkshire, has signed a 10-year take-or-pay supply agreement with each of Guangzhou Eiliseng Biotech Co and Yantai Service Agricultural Science and Technology Co for the resale of POLY4 into southern and northern provinces of China. Pricing terms of both the agreements are consistent with the company's existing agreements, Sirius said. ----------HomeServe, up 1.8%. The home emergency repairs company said, ahead of its annual general meeting, trading during the traditionally quieter period of April 1 to July 19, was in line with management expectations. The company also said it has good prospects for growth in 2019 financial year with attractive opportunities in all geographies. HomeServe said that continued strong organic growth is expected in North America and potential acquisitions will provide opportunities to further accelerate growth across the company.----------FTSE 250 - LOSERS----------Beazley, down 5.1%. The insurer reported a fall in profit in the first half of its current financial year, hit by a decline in investment performance. The company reported pretax profit of USD57.5 million for the six months to the end of June, down 64% from USD158.7 million for the same period in 2017. The decline reflects a much lower investment return than the same period in 2017, down significantly to USD8.0 million from USD79.4 million. The drop in investment performance was caused by the recent rise in US interest rates, Beazley said. Beazley said it achieved a combined ratio at 95%, up from 90% a year prior. The higher ratio represents a deterioration of underwriting profitability, as the further the ratio is below 100%, the more profitable the insurer's underwriting business. Peer Lancashire Holdings was down 2.6%. ----------Premier Oil, down 1.9%. Investec cut the oil and gas company to Hold from Buy. ----------OTHER MAIN MARKET AND AIM - WINNERS----------PureTech Health, up 8.7%. The clinical-stage biopharmaceutical company said it has entered into a multi-year collaboration with F Hoffmann-La Roche and Hoffmann-La Roche, both part of Switzerland's Roche Holding, to advance PureTech's milk-derived exosome platform technology for the oral administration of Roche's antisense oligonucleotide platform. PureTech said its milk exosome-based technology is designed to facilitate the oral administration of complex payloads such as nucleic acids, peptides, and small molecules. Under the agreement, PureTech Health will receive up to USD36 million, including upfront payments, research support, and early preclinical milestones. The company also will be eligible to potentially receive development milestone payments of over USD1 billion and additional sales milestones and royalties for an undisclosed number of products.----------600 Group, up 8.5%. The industrial products maker reintroduced its dividend after full year revenue grew significantly and despite profit dipping on absence of exceptional gains. For the year ended March 31, pretax profit fell 4.2% to USD3.9 million from USD4.0 million the year prior. This was despite revenue rising 12% to USD66.0 million from USD58.8 million the year before. 600 has begun reporting results in US dollars as opposed to sterling as around two-thirds of the company's revenue is generated in the greenback. 600 proposed a maiden dividend of 0.5 pence per share. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Feedback Group, down 15%. The medical imaging technology firm said Chief Executive David Crabb is leaving the firm with immediate effect "to devote more time to other business interests". Feedback has begun a search for a new boss, but in the meantime Chairman Alastair Riddell will take up the role of Executive Chairman. Riddell commented: "On behalf of the board I would like to acknowledge and thank David for his contribution to Feedback. We wish him well with his future endeavours."----------
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4 Jan 2023 10:48

IN BRIEF: Homeserve confirms completion of Brookfield takeover

Homeserve PLC - Walsall, England-based home emergency repairs provider - Confirms the completion of takeover by Brookfield Infrastructure Partners LP. Says the entire issued and to be issued share capital of Homeserve is now owned by Hestia Bidco Ltd, an indirect subsidiary of funds advised or managed by affiliates of Brookfield.

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28 Dec 2022 18:30

Johnson Matthey to replace outbound Homeserve in FTSE 100

(Alliance News) - Johnson Matthey PLC will return to the FTSE 100 as part of index changes stemming from the buyout of home repairs company Homeserve PLC, index operator FTSE Russell said Wednesday.

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21 Dec 2022 17:44

TRADING UPDATES: Homeserve takeover sanctioned; Ariana finds nickel

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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14 Dec 2022 11:49

TOP NEWS: Homeserve says conditions for takeover by Brookfield met

(Alliance News) - Homeserve PLC on Wednesday said all conditions have been satisfied for its proposed GBP4.08 billion takeover by Brookfield Infrastructure Partners LP, while it seeks to delay completion until the new year due to the Christmas holiday period.

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6 Dec 2022 21:50

TRADING UPDATES: 7digital loan pact; Okyo Pharma files with SEC

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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22 Nov 2022 08:46

TOP NEWS: Homeserve posts higher interim profit before takeover

(Alliance News) - Homeserve PLC on Tuesday reported a higher interim profit in the six months to September 30 on the back of revenue growth, ahead of its takeover early next year.

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22 Nov 2022 07:54

LONDON BRIEFING: FTSE 100 called higher as oil prices firm overnight

(Alliance News) - Stocks in London were called slightly higher on Tuesday, as a rising Brent oil price supported the FTSE 100 index, despite unease over Covid-related developments in China.

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22 Nov 2022 07:03

Homeserve profits rise as Brookfield takeover nears completion

(Sharecast News) - Home repairs provider Homeserve reported a rise in interim profits despite the cost-of-living crisis.

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15 Nov 2022 15:40

UK earnings, trading statements calendar - next 7 days

Wednesday 16 November 
AEW UK REIT PLCHalf Year Results
Aristocrat Leisure LtdFull Year Results
Bridgepoint Group PLCTrading Statement
British Land Co PLCHalf Year Results
Castings PLCHalf Year Results
CMC Markets PLCHalf Year Results
Enteq Technologies PLCHalf Year Results
Experian PLCHalf Year Results
Hill & Smith PLCTrading Statement
Mediclinic International PLCHalf Year Results
Nightcap PLCFull Year Results
Premier Foods PLCHalf Year Results
Renold PLCHalf Year Results
Sage Group PLCFull Year Results
Schroder Global Real Estate SecuritiesHalf Year Results
Schroder Real Estate Investment Trust LtdHalf Year Results
SSE PLCHalf Year Results
Thursday 17 November 
Burberry Group PLCHalf Year Results
Close Brothers Group PLCTrading Statement
Fuller, Smith & Turner PLCHalf Year Results
Grainger PLCFull Year Results
Great Portland Estates PLCHalf Year Results
Halma PLCHalf Year Results
Integrated Diagnostics Holdings PLCQ3 Results
Intermediate Capital Group PLCHalf Year Results
International Distributions Services PLCHalf Year Results
Investec PLC and LtdHalf Year Results
Keller Group PLCTrading Statement
Kier Group PLCTrading Statement
Mitie Group PLCHalf Year Results
Pershing Square Holdings LtdQ3 Results
Redcentric PLCHalf Year Results
Seraphim Space Investment Trust PLCQ1 Results
Spirax-Sarco Engineering PLCTrading Statement
Syncona LtdHalf Year Results
Tyman PLCTrading Statement
Virgin Money UK PLCFull Year Results
Zytronic PLCFull Year Results
Friday 18 November 
Bank of Cyprus Holdings PLCQ3 Results
Liontrust Asset Management PLCHalf Year Results
Monday 21 November 
Big Yellow Group PLCHalf Year Results
Compass Group PLCFull Year Results
Dialight PLCTrading Statement
Diploma PLCFull Year Results
Equipmake Holdings PLCFull Year Results
Genedrive PLCFull Year Results
Molten Ventures PLCHalf Year Results
MTI Wireless Edge LtdQ3 Results
NextEnergy Solar Fund LtdHalf Year Results
Polar Capital Holdings PLCHalf Year Results
Sirius Real Estate LtdHalf Year Results
SysGroup PLCHalf Year Results
Virgin Money UK PLCFull Year Results
Tuesday 22 November 
Accsys Technologies PLCHalf Year Results
AO World PLCHalf Year Results
Appreciate Group PLCHalf Year Results
Assura PLCHalf Year Results
Avon Protection PLCFull Year Results
Babcock International Group PLCHalf Year Results
Caledonia Investments PLCHalf Year Results
Calnex Solutions PLCHalf Year Results
CentralNic Group PLCQ3 Results
CML Microsystems PLCHalf Year Results
Cranswick PLCHalf Year Results
CRH PLCTrading Statement
Euromoney Institutional Investor PLCFull Year Results
Helical PLCHalf Year Results
Homeserve PLCHalf Year Results
Intercede Group PLCHalf Year Results
Knights Group Holdings PLCTrading Statement
Petershill Partners PLCTrading Statement
Princess Private Equity Holding LtdQ3 Results
Restore PLCTrading Statement
Severfield PLCHalf Year Results
Severn Trent PLCHalf Year Results
Softcat PLCTrading Statement
Tatton Asset Management PLCHalf Year Results
Telecom Plus PLCHalf Year Results
Trifast PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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7 Sep 2022 19:10

Soon-to-be-acquired Homeserve to replace outbound Avast on FTSE 100

(Alliance News) - Homeserve PLC will return to the FTSE 100, for a potentially brief stint, as part of index changes stemming from the buyout of cybersecurity firm Avast PLC.

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22 Jul 2022 20:50

IN BRIEF: Homeserve shareholders approve Brookfield takeover

Homeserve PLC - Walsall, England-based home repairs company - At its general meeting, shareholders vote to approve the scheme for the GBP4.08 billion takeover by Hestia Bidco Ltd, a subsidiary of Brookfield Infrastructure Partners LP. The takeover still needs to receive a court sanction, and is currently expected to take place in the fourth quarter of the year.

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22 Jul 2022 08:41

Homeserve trades in line with expectations as takeover progresses

(Alliance News) - Homeserve PLC on Friday said it continues to trade as expected ahead of its takeover by Brookfield Infrastructure Partners LP, which should take place in the fourth quarter of this year.

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22 Jul 2022 07:03

Homeserve trades in line with expectations

(Sharecast News) - HomeServe, the international home repairs and improvements business, said trading has been in line with expectations as shareholders prepared to approve a £4bn takeover by Canada's Brookfield Asset Management.

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15 Jul 2022 15:50

UK shareholder meetings calendar - next 7 days

Monday 18 July 
Audioboom Group PLCAGM
JPMorgan European Discovery Trust PLCAGM
Tuesday 19 July 
Biotech Growth Trust PLCAGM
Clean Power Hydrogen PLCAGM
e-Therapeutics PLCAGM
Norcros PLCAGM
Ten Lifestyle Group PLCGE re commitment to sustainability, B Corp certification
Wednesday 20 July 
ADM Energy PLC AGM
Alkemy Capital Investments PLCAGM
DeepVerge PLCAGM
easyJet PLCGM re purchase of 56 Airbus A320neo family aircraft & conversion of 18 A320neo family aircraft
Fidelity China Special Situations PLCAGM
HarbourVest Global Private Equity LtdAGM
HICL Infrastructure PLCAGM
Novacyt SAAGM r
Plaza Centers NVAGM
Premier Foods PLCAGM
Royal Mail PLCAGM
Triad Group PLCAGM
Wynnstay Properties PLCAGM & GM re share buyback
Thursday 21 July  
Big Yellow Group PLCAGM
Evgen Pharma PLCAGM
Experian PLCAGM
Halma PLCAGM
Intermediate Capital Group PLCAGM
Johnson Matthey PLCAGM
Octopus AIM VCT PLCAGM
Pennon Group PLCAGM
Pires Investments PLCGM re offer from Tern PLC
QinetiQ Group PLCAGM
SSE PLCAGM
Tern PLCGM re offer for Pires Investments PLC
Vp PLCAGM
Workspace Group PLCAGM
Zephyr Energy PLCAGM
Friday 22 July  
Chesterfield Resources PLCAGM
Homeserve PLCGM re offer by affiliates of Brookfield Infrastructure Partners LP
JD Sports Fashion PLCAGM
Landore Resources LtdAGM
President Energy PLCAGM
United Utilities Group PLCAGM
WANdisco PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 Jun 2022 09:55

Homeserve calls meetings for July to approve takeover by Brookfield

(Alliance News) - Homeserve PLC on Thursday called court and general meetings for late July to approve its takeover by Brookfield Infrastructure Partners LP.

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