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Pin to quick picksWorkspace Share News (WKP)

Share Price Information for Workspace (WKP)

London Stock Exchange
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Share Price: 594.00
Bid: 586.00
Ask: 590.00
Change: 8.00 (1.37%)
Spread: 4.00 (0.683%)
Open: 589.00
High: 596.00
Low: 585.00
Prev. Close: 586.00
WKP Live PriceLast checked at -

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UK WINNERS & LOSERS SUMMARY: FirstGroup Climbs On Regulator Optimism

Fri, 15th Nov 2019 10:40

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.

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FTSE 100 - WINNERS

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Whitbread, up 3.0%. Barclays has raised the Premier Inn-owner to Overweight from Equal Weight.

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FTSE 100 - LOSERS

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Berkeley Group, down 2.4%. Goldman Sachs reduced the company's rating to Sell from Neutral.

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Standard Chartered, down 1.7%. Exane has cut the firm to Underperform from Neutral.

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FTSE 250 - WINNERS

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FirstGroup, up 4.8%. The UK monopoly regulator is considering undertakings offered by FirstGroup and Trenitalia to address competition concerns in relation to the award of the West Coast partnership rail franchise. West Coast Rail, a joint venture between UK transport operator FirstGroup and Italian train operator Trenitalia, was awarded the West Coast rail franchise by the UK transport department in August. The Competition & Markets Authority said there are reasonable grounds to believe the undertakings offered, or a modified version of it, might be accepted.

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FTSE 250 - LOSERS

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TalkTalk Telecom, down 4.6%. The firm swung to first-half profit and affirmed guidance for the full-year. In the six months to September 30, revenue fell 3.6% to GBP792.0 million from GBP822.0 million last year, on declining carrier revenue and the firm exiting mobile virtual network operations, a measure it announced in May 2017. The company swung to a pretax profit of GBP1.0 million from a GBP4.0 million loss last year. TalkTalk recommended an interim dividend of 1.00 pence, flat year-on-year.

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Workspace, down 3.9%. Berenberg has cut the office space owner to Sell from Hold.

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OTHER MAIN MARKET AND AIM - WINNERS

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Carpetright, up 15%. The retailer has agreed to a takeover from Meditor Holdings, which values the retailer at GBP15.2 million. Meditor already owns just shy 30% of the firm, and holders of the remaining Carpetright stock will receive 5p per share.

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Amerisur Resources, up 5.1%. The oil firm has agreed a GBP242 million, or 19.21 pence per share, cash takeover offer from Latin America-focused oil & gas company GeoPark. Chief Executive John Wardle said: "The transaction presents a significant opportunity for our stakeholders in Colombia and, given GeoPark's existing presence, will ensure the continuity of our partnerships in country."

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OTHER MAIN MARKET AND AIM - LOSERS

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Fuller, Smith & Turner, down 4.8%. The firm has forecast annual profit to be broadly unchanged on the year prior after costs associated with the separation of its recently sold brewing business came in "materially" higher than expected. A transitional service agreement related to the sale remains in place with buyer Asahi until May 2020 and the costs associated with this deal have been "materially higher than expected". As a result adjusted pretax profit for the year ending March 28 is expected to be "broadly in line" with the GBP31 million reported the year prior. Despite this, Fuller's emphasised it continued to trade "well" with total sales from its managed estate up 5.2% for the 32 weeks to last Saturday. On a like-for-like basis, sales were 2.3% higher on the year prior.

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Veltyco, down 55%. The gaming industry marketing firm said income from an affiliate business of the Bet90 unit has missed expectations, meaning Veltyco is making a loss on a monthly basis. Veltyco has warned if trading does not meet revised expectations in the short-term, and if it can not find further funding, the business may no longer be viable.

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Bilby, down 37%. The utility has raised GBP2.0 million, placing 18.2 million new shares at a price of 11 pence each. This is a 52% discount to Bilby's closing price on Thursday in London of 23 pence, with shares at 14.45p Friday.

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Non-Standard Finance, down 18%. The lender said trading in the third quarter ended September has missed expectations due to lower volumes of guarantor loans. It expects 2019 operating profit to miss expectations. It is also increasing the probability weighting of a downside scenario to 50% due to increased uncertainty in the UK economy. NSF has cut targets in the medium-term for loan book growth. Chief Financial Officer Nick Teunon will be departing, NSF also announced, in March next year, to be replaced by his understudy Jono Gillespie.

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By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
27 Jun 2024 14:46

UK dividends calendar - next 7 days

Friday 28 June 
AJ Bell PLCdividend payment date
Albion Technology & General VCT PLCdividend payment date
Alliance Trust PLCdividend payment date
Anexo Group PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
BlackRock World Mining Trust PLCdividend payment date
BP PLCdividend payment date
British Smaller Cos VCT2 PLCdividend payment date
Card Factory PLCdividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
Develop North PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Eleco PLCdividend payment date
Empiric Student Property PLCdividend payment date
Energean PLCdividend payment date
Equals Group PLCdividend payment date
Fair Oaks Income Ltddividend payment date
Fair Oaks Income Ltd Realisationdividend payment date
FDM Group Holdings PLCdividend payment date
Foresight VCT PLCdividend payment date
H&T Group PLCdividend payment date
Henderson European Focus Trust PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Hilton Food Group PLCdividend payment date
Imperial Brands PLCdividend payment date
JLEN Environmental Assets Group PLCdividend payment date
JTC PLCdividend payment date
Keller Group PLCdividend payment date
Keywords Studios PLCdividend payment date
Learning Technologies Group PLCdividend payment date
Lords Group Trading PLCdividend payment date
LSL Property Services PLCdividend payment date
Microlise Group PLCdividend payment date
NextEnergy Solar Fund Ltddividend payment date
Nexus Infrastructure PLCdividend payment date
On the Beach Group PLCdividend payment date
One Media iP Group PLCdividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Renewables Infrastructure Group PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Sage Group PLCdividend payment date
Schroder Real Estate Investment Trust Ltd dividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Spectra Systems Corpdividend payment date
Spectris PLCdividend payment date
SSP Group PLCdividend payment date
Temple Bar Investment Trust PLCdividend payment date
Tesco PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Ultimate Products PLCdividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Victrex PLCdividend payment date
Monday 1 July 
Bellway PLCdividend payment date
JPMorgan UK Smaller Cos Investment Trust PLCdividend payment date
Marshalls PLCdividend payment date
Tuesday 2 July 
Billington Holdings PLCspecial dividend payment date
BlackRock Frontiers Investment Trust PLCdividend payment date
Bunzl PLCdividend payment date
HSS Hire Group PLCdividend payment date
Wednesday 3 July 
Balfour Beatty PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Thursday 4 July 
Albion Venture Capital Trust PLCex-dividend payment date
Alpha Real Trust Ltdex-dividend payment date
Bank of Georgia Group PLCex-dividend payment date
Big Yellow Group PLCex-dividend payment date
BioPharma Credit PLCex-dividend payment date
Bisichi PLCex-dividend payment date
CC Japan Income & Growth Trust PLCex-dividend payment date
CT Private Equity Trust PLCex-dividend payment date
CT UK High Income Trust PLCex-dividend payment date
CT UK High Income Trust PLC Bex-dividend payment date
European Assets Trust PLCex-dividend payment date
Facilities by ADF PLCex-dividend payment date
Fuller, Smith & Turner PLCex-dividend payment date
Gulf Keystone Petroleum Ltdex-dividend payment date
ICG Enterprise Trust PLCex-dividend payment date
Law Debenture Corp PLCdividend payment date
Liontrust Asset Management PLCex-dividend payment date
Manchester & London Investment Trust PLCex-dividend payment date
Martin Currie Global Portfolio Trust PLCex-dividend payment date
Murray International Trust PLCex-dividend payment date
NewRiver REIT PLCex-dividend payment date
Next 15 Group PLCex-dividend payment date
Next PLCex-dividend payment date
North American Income Trust PLCex-dividend payment date
Paragon Banking Group PLCex-dividend payment date
PayPoint PLCex-dividend payment date
Premier Miton Group PLCex-dividend payment date
Real Estate Credit Investments Ltdex-dividend payment date
Safestore Holdings PLCex-dividend payment date
Shires Income PLCex-dividend payment date
Skillcast Group PLCex-dividend payment date
Smiths News PLCdividend payment date
Treatt PLCex-dividend payment date
Triple Point Energy Transition PLCex-dividend payment date
UIL Ltdex-dividend payment date
Union Jack Oil PLCex-dividend payment date
Warehouse REIT PLCex-dividend payment date
Workspace Group PLCex-dividend payment date
Young & Co's Brewery PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
26 Jun 2024 09:31

LONDON BROKER RATINGS: HSBC cuts L&G; Jefferies upgrades Future

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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6 Jun 2024 09:34

LONDON BROKER RATINGS: JPMorgan likes DCC; RBC likes Paragon Banking

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

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5 Jun 2024 16:55

LONDON MARKET CLOSE: Europe outperforms FTSE 100 as eyes turn to ECB

(Alliance News) - The FTSE 100 in London closed higher on Wednesday, but underperformed against its European counterparts, as eyes turn to an expected interest rate cut from the European Central Bank on Thursday.

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5 Jun 2024 12:03

LONDON MARKET MIDDAY: European blue-chips up ahead of likely rate cuts

(Alliance News) - Stock prices in London were mostly higher at midday on Wednesday, but underperforming their European peers, as markets geared up for possible rate cuts in Europe and Canada.

Read more
5 Jun 2024 10:04

Workspace raises dividend as loss widens but rental income rises 8%

(Alliance News) - Workspace Group PLC on Wednesday said the company continues to dispose of non-core assets amid falling property valuations.

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5 Jun 2024 08:36

LONDON MARKET OPEN: FTSE 100 rises ahead of composite PMI print

(Alliance News) - Stock prices in London opened higher on Wednesday, beating European peers as the general election campaign heated up, and on a PMI-heavy day.

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5 Jun 2024 07:59

LONDON BRIEFING: FTSE 100 in green; UK party leaders clash in debate

(Alliance News) - Stocks in London are set to open higher on Wednesday, ahead of a data-heavy day for several global economies.

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5 Jun 2024 07:36

Workspace losses swell, but CEO predicts improving valuations

(Sharecast News) - Office owner and operator Workspace Group reported strong rental income growth in the year to 31 March, though losses widened substantially due to falling property valuations.

Read more
29 May 2024 16:05

UK earnings, trading statements calendar - next 7 days

Thursday 30 May 
Auto Trader Group PLCFull Year Results
Bodycote PLCTrading Statement
Dr Martens PLCFull Year Results
Integrated Diagnostics Holdings PLCQ1 Results
Novacyt SAFull Year Results
Old Mutual LtdTrading Statement
Renewi PLCFull Year Results
Friday 31 May 
Caffyns PLCFull Year Results
CMO Group PLCFull Year Results
Cooks Coffee Co LtdFull Year Results
JD Sports Fashion PLCFull Year Results
Monday 3 June 
GENinCode PLCFull Year Results
Hercules Site Services PLCHalf Year Results
Hollywood Bowl Group PLCHalf Year Results
Sirius Real Estate LtdFull Year Results
Tuesday 4 June 
British American Tobacco PLCTrading Statement
Chemring Group PLCHalf Year Results
Ferguson PLCQ3 Results
Gooch & Housego PLCHalf Year Results
LondonMetric Property PLCFull Year Results
MyHealthChecked PLCFull Year Results
Wednesday 5 June 
B&M European Value Retail SAFull Year Results
discoverIE Group PLCFull Year Results
Ninety One PLC and LtdFull Year Results
Paragon Banking Group PLCHalf Year Results
Ramsdens Holdings PLCHalf Year Results
WH Smith PLC Trading Statement
Vp PLCFull Year Results
Workspace Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
8 May 2024 10:47

UPDATE: Capital & Regional CEO Lawrence Hutchings to join Workspace

(Alliance News) - Workspace Group PLC on Wednesday said it had picked Lawrence Hutchings as its chief executive officer-designate, replacing Graham Clemett.

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8 May 2024 09:39

LONDON BROKER RATINGS: UBS raises Centrica to 'buy' from 'neutral

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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8 May 2024 08:01

Workspace poaches Capital & Regional boss as new CEO

(Sharecast News) - Office provider Workspace has appointed Capital & Regional boss Lawrence Hutchings as its chief executive designate to replace its current CEO who announced his retirement in January.

Read more
17 Apr 2024 09:19

Workspace completes lettings worth GBP8.7 million in recent quarter

(Alliance News) - Workspace Group PLC on Wednesday said it "maintained robust levels of viewings and lettings activity" throughout the last quarter.

Read more
17 Apr 2024 08:27

Workspace Group reports resilient fourth quarter

(Sharecast News) - Office space provider Workspace Group reported resilient customer demand in an update on Wednesday, having completed 343 new lettings in its fourth quarter and boasting a total annual rental value of £8.7m.

Read more

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