Press | Vox Markets

PDL
Petra Diamonds Ltd.(DI) (PDL) loses sparkle as Tanzania turmoil bites.
AAZ
Anglo Asian Mining (AAZ) rose 37.11p, or 3%, to 1328p after Indian billionaire Anil Agarwal said he plans to buy another £1.5 billion worth of shares in the miner.
KIE
Kier Group (KIE) topped the mid-cap index, up 91.52p at 1186.52p. Solid annual results from the company proved it was not suffering the same problems as troubled construction rivals Carillion and Interserve.
AEG
Active Energy Group (AEG) leapt 0.26p to 2.19p after a deal with California-based Lumino Capital to install eight of its biomass plants in Asia.
CPG
Longstanding Compass Group (CPG) chief makes surprise exit.
MAB
Mitchells & Butlers (MAB) hit by wet weather blues.
HSX
Specialist insurer Hiscox Limited (DI) (HSX) hires former GCHQ boss Robert Hannigan.
BT.A
Ban on phone firms charging customers to stop nuisance calls will cost BT Group (BT.A) £10m a year.
BLT
BHP Billiton (BLT) boss Andrew Mackenzie sees pay more than double despite company’s troubles.
MTO
Job cuts tell how Mitie Group (MTO) has fallen: Outsourcer could lay off another 480 workers as they overhaul struggling business.
JDW
Wetherspoon (J.D.) (JDW) slashing prices in 830 pubs today for ONE DAY ONLY in protest against tax rules allowing supermarkets to flog cheaper booze.
KGF
B&Q owner Kingfisher (KGF) sees share price climb 7% on sales rise but profits slip as turnaround costs hit home.
GKN
Panmure Gordon slammed the brakes on car parts manufacturer GKN (GKN) by dismissing the argument that hurricanes and natural disasters boost car sales as nothing more than a load of claptrap.
SIS
Science In Sport (SIS) ran out of breath after reporting a loss in the first half of the year.
DOM
Domino’s Pizza Group (DOM) soared higher after announcing that it will begin a £15million share buyback programme.
CMBN
Cambian Group (CMBN) was weighed down in the first half of 2017 by fallout from the sale of its adult services division to American firm Cygnet Health Care for £377million.
R4E
Investors walked out on Reach4Entertainment Enterprises (R4E) after a 14.5% drop in revenues to £41.9million in the first half of the year and an 8.7 per cent drop in profit to £10.5million.
LLOY
Independence of inquiry into Lloyds Banking Group (LLOY) challenged. Victims of HBOS fraud concerned about the review’s use of law firm Herbert Smith.
KGF
Lombard – Kingfisher (KGF) five-year plan has long way to roll. Investors seem to believe in one of two possible scenarios for DIY retailer.
BLUR
Lombard – Blur Group (BLUR) outlook still no clearer. New chairman David Rowe says group has to ‘prove itself’.
RMG
Lex – Royal Mail (RMG): missive challenges. The former monopolist’s share price is feeling the Amazon effect.
BLT
New BHP Billiton (BLT) chairman promises ‘fresh’ look at business. Ken MacKenzie seeks to keep investors onside including activist Elliott Advisors.
KGF
Business transformation on track, says Kingfisher (KGF). DIY specialist cautious for outlook in Britain and France.
MTO
Mitie Group (MTO) revenues deliver positive surprise.
ADM
Attack on Admiral Group (ADM) ‘jobs for the boyos’. Critics said it was completely unjustifiable for the Welsh government to give a grant of £670,000 to Admiral Insurance, which made nearly £200 million in profits in the first half of the year.
MTO
Mitie Group (MTO) to axe 480 jobs as cost cuts escalate.
KGF
Kingfisher (KGF) makeover hits the bottom line. Sales at B&Q fell by 6.3% to £1.87 billion in the first half.
DGE
Asian markets are headache for Diageo (DGE)
VED
AAL
Founder of Vedanta Resources (VED) lifts Anglo American (AAL) stake.
MTRO
Metro Bank (MTRO) slows as fears grow about pace of progress
AHT
Ashtead Group (AHT) fell 22p to £17.63 after Rory McKenzie, of UBS, reiterated his “sell” rating.
R4E
Reach4Entertainment Enterprises (R4E) bemoaned a lack of new theatre productions as it revealed a 15% slump in revenues in the six months to June 30 to £41.9 million.
CCT
Character Group (CCT) fell 22½p to 485p after stating that it did not know what impact the bankruptcy of Toys R Us would have on its trading.
DOM
Domino’s Pizza Group (DOM) delivers on buyback. Investors were dining out on Domino’s Pizza after the takeaway group said that it would spend £15 million on buying back shares, lifting the stock by 18p to a close of 293p.
BAB
Tempus – Babcock International Group (BAB) – Buy. Babcock has been unfairly classed in with other outsourcers, but its business is much more resilient and contracts much longer term
CMBN
Tempus – Cambian Group (CMBN)– Avoid. Too early to buy the shares, which look expensive
DGE
Tempus – Diageo (DGE) – Avoid. Rating seems up with events, given pace of growth
ICP
Tempus – And finally… Shares in Intermediate Capital Group (ICP) have been strong this year. The market is taking its time appreciating its shift from investing its own funds to a more asset management-based model, while the increasing reliability of earnings means that dividends may be raised. A note from Numis Securities suggests that recent share price weakness has been overdone. Intermediate’s way of doing business is one that other asset managers are looking at.
ITV
New BBC regime will allow reduction in public service broadcasting, warns ITV (ITV)
DGE
Ban on roadside alcohol sales in India spoils the party for spirits maker Diageo (DGE)
AAL
Indian billionaire to strengthen hold on Anglo American (AAL)
RYA
Ryanair Holdings (RYA) says more than half of passengers affected by cancellations have been found new flights as it navigates rota ‘mess up’
LCL
Ladbrokes Coral Group (LCL) rallies on hopes of ‘benign’ Triennial Review
DOM
Investors readily took a slice of Domino’s Pizza Group (DOM) as the delivery firm revived the City’s confidence by buying back £15m worth of shares.
BAB
Babcock International Group (BAB) jumped 46.5p on turnaround progress.
KGF
Kingfisher (KGF) rose 16.6p to 313p, as investors cheered progress in turnaround plans.
LLOY
Lloyds Banking Group (LLOY) of London insurer Hiscox hires former spy chief to fight cyber crime
MTO
Mitie Group (MTO) to cut 480 jobs as it considers sale of property management business
RTO
Questor: Rentokil Initial (RTO), the former pariah, is now a fast-growing and focused business: buy
BLT
BHP Billiton (BLT) pay row as Samarco campaigners slam bonus return.
DGE
Diageo (DGE) fears a puncture from India roads ban.
FCCN
French Connection Group (FCCN) prepares to open first shop in a decade as surge in demand for denim and knitwear help cut losses.
RB.
Reckitt Benckiser Group (RB.) chairman Adrian Bellam to step down having guided firm through years of stellar growth.
OCDO
Ocado Group (OCDO) share price slides despite the online supermarket posting a jump in sales.
SWL
Personal care and beauty firm Swallowfield (SWL) scrubbed up well, reporting a 36% jump in revenues to £74.3million in the year ended June 24.
SGC
Analysts at Liberum got on board with struggling bus and rail firm Stagecoach Group (SGC), upgrading it to ‘hold’ from ‘sell’.
PDL
Petra Diamonds Ltd.(DI) (PDL) lost its sparkle after reporting strikes at two of its mines in South Africa as it attempts to finalise wage negotiations with unions in the country.
SDY
Speedy Hire (SDY) jumped after reporting that cost-cutting measures are likely to push full-year profits ‘well ahead’ of last year and beyond its board’s expectations.
 
PPB
Paddy Power Betfair (PPB) takes blow over ‘racist’ Mayweather ad. Betting company censured by watchdog over advert for Conor McGregor bout.
RYA
Ryanair Holdings (RYA) still has half normal number of standby pilots. Airline admits it mishandled communication of flight cancellations last week.
RB.
Reckitt Benckiser Group (RB.) replaces chairman Bellamy. UK consumer group bows to shareholder pressure over tenures of senior directors.
OCDO
Higher robot costs knock Ocado Group (OCDO) shares. Online grocery group aims to sell automated warehouse technology to rival retailers.
SDY
Speedy Hire (SDY) builds momentum, signals surprisingly upbeat profits.
FCCN
French Connection Group (FCCN) shrinks its losses.
PURP
Purplebricks Group (PURP) ‘bullied review website’ over negative responses.
BLT
BHP Billiton (BLT) breaks ranks to tackle climate issues.
OCDO
Investors remove Ocado Group (OCDO) from their baskets after more ‘unforeseen costs’.
FCCN
French Connection Group (FCCN) hails turnaround. The fashion label, once best known for its FCUK logo, has confounded critics with an improved performance.
SGC
Stagecoach Group (SGC) begins return trip after downhill ride.
MKS
SBRY
MRW
Marks & Spencer Group (MKS) advanced 11½p to 340p. With figures from Kantar Worldpanel showing steady sales growth at both Sainsbury (J) (SBRY) and Morrison (Wm) Supermarkets (MRW), they increased 6p to 243p and 4½p to 235¾p, respectively.
TLW
Tullow Oil (TLW) dominated, climbing 8¾p to 165¾p, after Credit Suisse lifted its rating from “neutral” to “outperform”.
PCA
Palace Capital (PCA) – Palace deal is a capital idea. A property investment company backed by George Soros has agreed to buy a family-owned rival for almost £68 million, including debt.
NTG
Tempus – Northgate (NTG) – Buy. The recovery at Northgate is well under way, but does not appear to be reflected in the share price performance yet.
SDY
Tempus – Speedy Hire (SDY) – Buy. The shares have not yet responded to Speedy’s revival.
GMS
Tempus – Gulf Marine Services (GMS) – Avoid. Absent any recovery in oil and gas, no reason to buy.
IAG
International Consolidated Airlines Group SA (CDI) (IAG) – British Airways plans to move all employees onto new pension scheme next year.
SGC
Stagecoach Group (SGC) put its foot firmly on the gas for a second consecutive day, climbing 3.8p to 163p, after Liberum upgraded the stock to “hold”.
SBRY
MKS
Kantar Worldpanel’s latest prognosis of the grocery sector dominated the top movers on the blue-chip index with Sainsbury (J) (SBRY) and Marks & Spencer Group (MKS) the big winners from the latest sales figures, rising 6.1p to 243.1p and 11.4p to 340p, respectively.
JDW
Wetherspoon (J.D.) (JDW) is cutting all food and alcohol prices tomorrow in protest over tax.
SDY
Speedy Hire (SDY) cost-cutting plan begins to bear fruit.
NXT
Questor: strong brand, high yield, even bearish analysts: there’s contrarian value at Next (NXT)