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Pin to quick picksSpire Healthcare Share News (SPI)

Share Price Information for Spire Healthcare (SPI)

London Stock Exchange
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Share Price: 236.00
Bid: 236.50
Ask: 237.50
Change: -1.50 (-0.63%)
Spread: 1.00 (0.423%)
Open: 235.50
High: 238.50
Low: 235.50
Prev. Close: 237.50
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LONDON MARKET PRE-OPEN: Direct Line Appoints New Finance Head

Mon, 16th Sep 2019 07:42

(Alliance News) - Stock prices in London are seen opening lower on Monday, despite heavyweight oil majors being expected to benefit from a sharp rise in oil prices over the weekend.

In company news, motor and home insurer Direct Line Insurance appointed a new head of finance, hedge fund manager Man Group appointed the former Deusche Bank chief executive as its new chair, and private hospital operator Spire Healthcare reported positive interim earnings.

IG futures indicate the FTSE 100 index is to open 17.26 points lower at 7,350.20. The blue-chip index closed up 22.79 points, or 0.3% at 7,367.46 on Friday.

Direct Line Insurance Group appointed former Royal London deputy chief executive officer Tim Harris as its chief financial officer. Harris will join Direct Line on October 1. He was deputy CEO and finance director of Royal London until July 12 and also has worked at insurer Aviva PLC and accountants PricewaterhouseCoopers.

Man Group said Chair Ian Livingston is to step down from the role on December 31, and will be replaced by Non-Executive Director John Cryan.

Cryan was previously CEO of German lender Deutsche Bank from July 2016 to April 2018.

Spire Healthcare said it delivered a good first-half performance with "clear signs" that its strategic and operational initiatives are bearing fruit.

For the half-year ended June 30, revenue was up 3.4% to GBP491.6 million from GBP475.6 million last year, and the company swung to a pretax profit of GBP9.6 million from a loss GBP2.2 million a year before.

Spire declared an interim dividend of 1.3 pence, unchanged from last year.

"We saw growth in both private insurance and self-pay, with a particularly strong result in private insurance reflecting rising consumer awareness following our marketing campaigns. NHS revenue in the period also outperformed expectations as we worked in close partnership with our local trusts and Clinical Commissioning Groups to selectively open new services that respond to their changing needs. We continue to develop our private revenue streams in key areas such as oncology, including working towards a partnership with GenesisCare to create a national end-to-end private cancer treatment pathway," said CEO Justin Ash.

Low-cost housebuilder MJ Gleeson said it delivered another strong performance and was on track to meet its objectives.

For the financial year ended June 30, revenue rose 27% to GBP249.9 million from GBP196.7 million in financial 2018, and pretax profit was up 11% to GBP41.2 million from GBP37.0 million last year.

MJ Gleeson declared a total dividend of 34.5p, up from 32.0p last year.

"Despite the uncertainties caused by Brexit, demand for our homes continues to be extremely strong. Gleeson Homes is well on track to deliver its milestone target of doubling annual completions to 2,000 units by 2022. Led by a strong and highly experienced management team, the division continues to have significant scope for expansion by building low-cost homes for young, first time buyers and low-income families in a market that is underserved by other housebuilders," said Chair Dermot Gleeson.

Elsewhere, Credit Suisse raised Next to Neutral from Underperform, ahead of the clothing retailer's interim results on Thursday.

The price of oil increased significantly following drone attacks on Saudi Arabian oil production facilities on Saturday.

Brent was quoted at USD66.66 a barrel early Monday, up sharply from USD60.32 late Friday.

The drone attacks on Saturday, which caused fires at two facilities operated by Saudi state oil giant Aramco in the eastern province of Buqyaq, was claimed by Yemen's Houthi rebels, but the US has blamed Iran for the attacks.

Buqyaq is home to the world's largest oil refining plant, according to Aramco.

US President Donald Trump announced late Sunday that he has approved the release of resources from the US' strategic petroleum reserve "if needed".

In China, the Shanghai Composite is flat, while the Hang Seng index in Hong Kong is down 1.2%. Financial markets in Japan were closed on Monday for the Respect for the Aged Day holiday.

The pound was quoted at USD1.2465 early Monday, firm against USD1.2455 at the London equities close Friday.

The price of new properties on the UK market fell in September, as normally eager buyers hesitate due uncertainty caused by the looming Brexit deadline, according to Rightmove.

The Rightmove Monthly House Price index revealed that the price of newly marketed property fell by an average of 0.2% in September from a year before.

Although underlying housing market fundamentals remain sound, according to Rightmove, Brexit uncertainty has caused some buyers to hesitate.

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11 Jul 2019 08:54

Spire Healthcare Agrees Renewed Pricing Contract With AXA PPP

(Alliance News) - Spire Healthcare Group PLC on Thursday said it has signed a long-term pricing agreement with healthcare insurance provider AXA PPP Healthcare.The agreement has a minimum a

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1 Jul 2019 10:44

BROKER RATINGS SUMMARY: IAG Cut To Market-Perform And Carnival To Hold

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:----------FTSE 100----------UBS RAISES RECKITT PRICE TO

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27 Jun 2019 09:32

Go-Ahead Hires Eurostar Chair And Ex-Spire Healthcare CEO As New Chair

(Alliance News) - Go-Ahead Group PLC on Thursday said Clare Hollingsworth will replace Non-Executive Chair Andrew Allner, who will step down and retire from the board at the end of FTSE 250-listed

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31 May 2019 09:13

Spire Healthcare Cancel Plans For New Milton Keynes Hospital

LONDON (Alliance News) - Private hospital operator Spire Healthcare Group PLC said Friday it had decided not to proceed with the development of a new hospital in Buckinghamshire.Spire has -

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16 May 2019 10:21

Spire Healthcare On Track To Meet Expectations, Appoints New Director

LONDON (Alliance News) - Spire Healthcare Group PLC on Thursday said it is on track to meet market expectations for 2019 and has appointed a non-executive director at East London NHS Foundation to

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10 May 2019 13:00

Friday broker round-up

(Sharecast News) - Auto Trader: Citigroup downgrades to neutral with a target price of 580p.

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9 May 2019 16:08

UK Shareholder Meetings Calendar - Next 7 Days

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17 Apr 2019 18:10

Melqart Asset Management Takes 5% Stake In Spire Healthcare (ALLISS)

LONDON (Alliance News) - Spire Healthcare Group PLC said Wednesday Melqart Asset Management UK Ltd now holds a 5.0% stake in the company.Melqart's holding in Spire prior to transaction,

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14 Mar 2019 12:13

Spire Healthcare Appoints Gulf Keystone Director As Deputy Chair

LONDON (Alliance News) - Spire Healthcare Group PLC on Thursday said it has appointed Martin Angle to the role of independent non-executive director and intends for him to replace the current in a

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28 Feb 2019 10:20

Spire Healthcare Profit Suffers On Lower NHS Revenue And Higher Costs

LONDON (Alliance News) - Spire Healthcare Group PLC on Thursday said its profit fell sharply in 2018 due to an unexpected drop in NHS revenue and planned costs.The private hospital in which

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21 Feb 2019 16:23

UK Earnings, Trading Statements Calendar - Next 7 Days

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12 Feb 2019 14:13

Credit Suisse cuts rating on Spire Healthcare

(Sharecast News) - Credit Suisse has downgraded its recommendation on Spire Healthcare, citing concerns about group's ability to grow private patient sales and softer NHS revenues.

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12 Feb 2019 13:58

Tuesday broker round-up

(Sharecast News) - Polymetal International: JP Morgan upgrades to neutral with a target price of 880p.

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17 Jan 2019 13:13

Thursday broker round-up

(Sharecast News) - Intercontinental Hotels Group: Berenberg upgrades to buy with a target price of 4,850p.

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15 Jan 2019 09:34

Spire Healthcare Lowers Earnings Guidance, Expects Flat Revenue Growth

LONDON (Alliance News) - Spire Healthcare Group PLC on Tuesday said it expects to record broadly flat revenue for 2018, recovering somewhat from a weak first half.Shares in Spire were down

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