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WINNERS & LOSERS SUMMARY: Possible Shareholder Offer Boosts Intu

Fri, 05th Oct 2018 10:41

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------Antofagasta, down 5.1%. Goldman Sachs has cut its stock rating to Sell from Neutral----------Royal Mail, down 2.2%. Citigroup cut its rating to Sell from Neutral.----------FTSE 250 - WINNERS---------- Intu Properties, up 28%. Major shareholder Peel Group, alongside Olayan and Brookfield Property, said late Thursday they are considering a possible cash offer for the remaining shares in Intu they do not already own. Peel and Olayan currently hold just shy of 30% of Intu's shares, they said, with Brookfield holding none. Peel's Executive Chairman John Whittaker is also deputy chairman of Intu. Intu has formed a committee, made up of all directors, except Whittaker, to consider any approach.----------Bodycote, 1.9% higher. HSBC has raised its rating for the heat treatment services firm to Buy from Hold.----------FTSE 250 - LOSERS----------Centamin, 10% lower. The firm reported a 27% quarter-on-quarter increase in gold output in the three months to September to 117,720 ounces. On a year-on-year basis, gold production fell 25%. The Egyptian miner, which operates the Sukari mine, said September was a strong month but operational improvements "have taken longer than planned to materialise". Looking to the last quarter of the year, Centamin expects improvements to continue and for production for the three months to December to be around 145,000 ounces of gold. This would give annual production of 480,000 ounces, versus 544,658 ounces in 2017.----------OTHER MAIN MARKET AND AIM - LOSERS----------Aukett Swanke, down 22%. The firm continues to expect to post a loss for its year ended September, after experiencing difficult second half trading. For its recently ended financial year, the architects, designers and engineers group said despite winning new contracts in the second half, progress through the early stages of each contract "has been intermittent", leading to only a slight revenue increase on the first half. Despite continuing to reduce operating costs, a one off expense incurred due to the moving the firm's London studio will offset the impact of the savings on the company's balance sheet, Aukett Swanke added.----------

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