LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------easyJet, up 1.1%. The budget airline rose after Sky News reported that Virgin Atlantic Airways is in talks about a takeover bid for Flybe Group. The regional carrier itself was up 37% on the report, though remains down 66% in the past three months amid falling profit and revenue. Sky News said easyJet is now out of the running for Flybe, which put itself up for sale last week following its latest set of poor results. The Financial Times had reported that both easyJet and infrastructure firm Stobart Group were interested. Stobart, up 1.3%, had bid unsuccessfully for Flybe in March. Sky News said Virgin Atlantic and Stobart now were the leading potential buyers of Flybe. ----------Burberry, up 1.1%. Kepler Cheuvreux raised the luxury fashion retailer to Hold from Reduce.----------FTSE 100 - LOSERS----------Fresnillo, down 3.1%. The Mexican based metals miner added to further losses Thursday after Morgan Stanley downgraded the firm to Underweight from Equal Weight on Thursday, saying its prospects could be severely hurt should proposed mining legislation in Mexico - restricting mining access in the country - come to fruition. Fresnillo ended the previous session down 12%.----------Pearson, down 1.5%. Shore Capital cut the publisher to Hold from Buy.----------FTSE 250 - WINNERS----------Ibstock, up 10%. The brick manufacturer said it remains on track to deliver annual earnings target as it sold its US brick manufacturing business, Glen-Gery. The unit was sold to Brickworksfor an enterprise value of USD110 million, on a debt and cash free basis. As part of the transaction, Brickworks will assume some liabilities, including an associated pension liability. Ibstock expects to secure about USD95 million from the sale of Glen-Gery, with the transaction closing in the "coming days". In addition, Ibstock confirmed that its maintenance program in its UK brick business is progressing well. The company said it remains on track to deliver adjusted earnings before interest, taxes, depreciation, and amortization between GBP121 million and GBP125 million for the year to the end of December. This includes full year contribution from Glen-Gery of GBP11 million.----------Phoenix Group, up 1.9%. HSBC raised the insurer to Buy from Hold. ----------Hastings, up 1.9%. Barclays raised the insurer to Overweight from Equal Weight. ----------FTSE 250 - LOSERS----------Fidelity China Special Situations, down 1.2%. The trust underperformed against its benchmark in the first half of its financial year, due to sharp mark downs on investments and an underweight energy sector position. For the six months ended September 30, the China-focused investment trust posted a net asset value per share total return of negative 9.1%. Its benchmark, the MSCI China Index, posted a negative 4.0% total return for the same period. The trust said its energy sector position was particularly underweight as higher oil prices boosted companies such as CNOOC Corp and PetroChina Co Ltd. Fidelity China Special Situations said it has been investing "very selectively" in A-share industrial companies after A-shares were included in the MSCI Index. These investments include artificial intelligence and surveillance, which it believes have strong prospects for growth despite their currently low valuations.----------CYBG, down 1.1%. Goldman Sachs resumed the bank with a Neutral rating but Credit Suisse raised the lender to Neutral from Underperform.----------OTHER MAIN MARKET AND AIM - LOSERS----------Interserve, down 6.5%. The construction firm said it expects to record a significant improvement in operating profit for 2018, although its UK construction business is likely to post a small loss. Revenue from the UK Construction business has continued to decline in first nine months of the calendar year, Interserve said, and will report a small loss for the second half of the year. However, the group's overall 2018 operating profit is predicted to improve significantly over 2017, as the Support Services arm makes progress. Interserve said it has reviewed all of its UK projects and "adequately provided for anticipated losses". Interserve posted a pretax loss of GBP244.4 million on revenue of GBP3.25 billion in 2017. It then recorded a pretax loss of GBP6.0 million on GBP1.67 billion in revenue in the first half of 2018.----------
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UK earnings, trading statements calendar - next 7 days
Thursday 2 March | |
Alfa Financial Software Holdings PLC | Full Year Results |
Apax Global Alpha Ltd | Full Year Results |
Beazley PLC | Full Year Results |
Brooks Macdonald Group PLC | Half Year Results |
Cairn Homes PLC | Full Year Results |
Capita PLC | Full Year Results |
Capital & Regional PLC | Full Year Results |
Coats Group PLC | Full Year Results |
CRH PLC | Full Year Results |
Flutter Entertainment PLC | Full Year Results |
Funding Circle Holdings PLC | Full Year Results |
Grafton Group PLC | Full Year Results |
Haleon PLC | Full Year Results |
Hunting PLC | Full Year Results |
ITV PLC | Full Year Results |
London Stock Exchange Group PLC | Full Year Results |
Melrose Industries PLC | Full Year Results |
Metro Bank PLC | Full Year Results |
National Express Group PLC | Full Year Results |
Pantheon Infrastructure PLC | Full Year Results |
PPHE Hotel Group Ltd | Full Year Results |
Schroder AsiaPacific Fund PLC | Full Year Results |
Schroders PLC | Full Year Results |
Spire Healthcare Group PLC | Full Year Results |
Taylor Wimpey PLC | Full Year Results |
Tritax Big Box REIT PLC | Full Year Results |
Tyman PLC | Full Year Results |
Vesuvius PLC | Full Year Results |
Friday 3 March | |
Avation PLC | Half Year Results |
Faron Pharmaceuticals Ltd | Full Year Results |
IMI PLC | Full Year Results |
Pacific Horizon Investment Trust PLC | Half Year Results |
Pearson PLC | Full Year Results |
Rightmove PLC | Full Year Results |
Monday 6 March | |
Amte Power PLC | Half Year Results |
BATM Advanced Communications Ltd | Full Year Results |
Craneware PLC | Half Year Results |
Murray International Trust PLC | Full Year Results (TBC) |
Seeing Machines Ltd | Half Year Results |
Tuesday 7 March | |
Ashtead Group PLC | Q3 Results |
Bank of Ireland Group PLC | Full Year Results |
Dotdigital Group PLC | Half Year Results |
Elementis PLC | Full Year Results |
Ferguson PLC | Half Year Results |
Foxtons Group PLC | Full Year Results |
Fresnillo PLC | Full Year Results |
Greggs PLC | Full Year Results |
IWG PLC | Full Year Results |
Johnson Service Group PLC | Full Year Results |
Just Group PLC | Full Year Results |
Keller Group PLC | Full Year Results |
Origin Enterprises PLC | Half Year Results |
Reach PLC | Full Year Results |
Revolution Bars Group PLC | Half Year Results |
STV Group PLC | Full Year Results |
Tremor International Ltd | Full Year Results |
Wednesday 8 March | |
Admiral Group PLC | Full Year Results |
Bakkavor Group PLC | Full Year Results |
Breedon Group PLC | Full Year Results |
CLS Holdings PLC | Full Year Results |
Darktrace PLC | Half Year Results |
Galliford Try Holdings PLC | Half Year Results |
Headlam Group PLC | Full Year Results |
Hill & Smith PLC | Full Year Results |
Hiscox Ltd | Full Year Results |
Ibstock PLC | Full Year Results |
IP Group PLC | Full Year Results |
Legal & General Group PLC | Full Year Results |
musicMagpie PLC | Full Year Results |
Netcall PLC | Half Year Results |
Quilter PLC | Full Year Results |
Restaurant Group PLC | Full Year Results |
SIG PLC | Full Year Results |
Somero Enterprises Inc | Full Year Results |
Spirent Communications PLC | Full Year Results |
TClarke PLC | Full Year Results |
TT Electronics PLC | Full Year Results |
Tullow Oil PLC | Full Year Results |
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