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Pin to quick picksSpire Healthcare Share News (SPI)

Share Price Information for Spire Healthcare (SPI)

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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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13 Dec 2018 14:40

FTSE 250 movers: Sports Direct dives, Superdry bounces

(Sharecast News) - London's FTSE 250 was down 0.53% at 17,894.21 in afternoon trade on Thursday, led lower by Sports Direct, Spire Healthcare and Ultra Electronics.

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10 Dec 2018 14:45

FTSE 250 movers: No holiday for Thomas Cook, Just Group surges

(Sharecast News) - London's FTSE 250 was down 1.13% at 17,642.46 in afternoon trade on Monday, as Thomas Cook continued to lead the charge downward.

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10 Dec 2018 12:04

LONDON MARKET MIDDAY: Pound Down As UK Growth Slows, Brexit Vote Looms

LONDON (Alliance News) - Sentiment among equities investors was subdued in London on Monday following weak economic data out of China over the weekend, but the foreign-earner heavy FTSE 100 index

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10 Dec 2018 10:59

WINNERS & LOSERS SUMMARY: Just Group Jumps 23% On Regulatory Decision

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------NMC up The

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5 Dec 2018 14:41

FTSE 250 movers: Thomas Cook back from the dead as Spire slumps

(Sharecast News) - London's FTSE 250 was up 0.07% at 18,341.83 in afternoon trade on Wednesday, as Thomas Cook staged a desperate recovery after a series of negative sessions.

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5 Nov 2018 15:11

DIRECTOR DEALINGS: Spire Healthcare Non-Exec Buys GBP260,000 In Shares

LONDON (Alliance News) - Spire Healthcare Group PLC said Monday that Non-Executive Director Simon Rowlands bought shares worth GBP264,160 in the company.Rowlands acquired 200,000 shares at

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31 Oct 2018 13:07

Wednesday broker round-up

(Sharecast News) - Auto Trader: UBS upgrades to buy with a target price of 445p.

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8 Oct 2018 13:01

Investec upgrades Mediclinic on overdone Swiss concerns

(Sharecast News) - Concerns about Mediclinic International's Swiss business have already been priced in, according to Investec, which has upped its recommendation on the FTSE 250 healthcare provider.

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4 Oct 2018 12:29

Spire Healthcare targets too 'ambitious' for Jefferies, backs Mediclinic

(Sharecast News) - Spire Healthcare's long-term private and NHS healthcare targets look rather too ambitious for Jefferies, which downgraded the UK-focused stock and highlighted the attractions of South African former suitor Mediclinic.

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4 Oct 2018 10:37

WINNERS & LOSERS SUMMARY: Ted Baker Hurt By House Of Fraser Collapse

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Associated -

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1 Oct 2018 17:23

DIRECTOR DEALINGS: Spire CFO Buys GBP74,224 Worth Of Shares

LONDON (Alliance News) - Spire Healthcare Group PLC said Monday that Chief Financial Officer Jitesh Sodha bought 50,500 shares in the company.Sodha acquired the shares at 146.98 pence each

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1 Oct 2018 11:20

Spire Healthcare Sells Hospital In Manchester For GBP4 Million

LONDON (Alliance News) - Spire Healthcare Group PLC on Monday said it sold the site of its former hospital at Whalley Range, Manchester, to the Council of the City of Manchester for GBP4.3 private

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28 Sep 2018 17:02

LONDON MARKET CLOSE: London Stocks Lower, Europe Hit By Bond Sell-Off

LONDON (Alliance News) - Stocks closed lower Friday as a sell-off of Italian bond and stocks dragged markets across the continent down, echoing the Eurozone crisis in spite of a continued sliding

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28 Sep 2018 12:10

LONDON MARKET MIDDAY: FTSE 100 Dragged By RSA As Pound Struggles

LONDON (Alliance News) - Stock were mixed at midday, as the pound continued to slide after former UK Foreign Secretary Boris Johnson launched an attack on Prime Minister Theresa May, while UK growth

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28 Sep 2018 10:54

WINNERS & LOSERS SUMMARY: Applegreen Gains 11% As It Hits The Motorway

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------RSA down 8.9%.

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