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Monday 27 February, 2017

27-Feb-2017 09:45 AM

Verona Pharma narrows FY pretax loss

Verona Pharma has narrowed its FY pretax loss to £5.97m, from a year-ago restated loss of £9.0m. Most of the losses were linked to R&D and general & administrative costs. At 9:45am: (LON:VRP) Verona Pharma PLC share price was +10.5p at 141
27-Feb-2017 09:44 AM

Harvest confirms resource increase at Arapua

Harvest Minerals reports a 37% increase in the high grade JORC indicated resource at its 100%-owned Arapua fertiliser project in Brazil. The estimate is based on the results of the second air core drilling campaign targeting only the weathered kamafugit
27-Feb-2017 09:40 AM

Broker Forecast - Citigroup issues a broker note on BAE Systems Plc

Citigroup today reaffirms its buy investment rating on BAE Systems Plc (LON:BA.) and raised its price target to 720p (from 630p). Story provided by StockMarketWire.com...
27-Feb-2017 09:38 AM

FBD swings back into the black

FBD Holdings swung into the black in the year to the end of December posting a pre-tax profit from continuing operations of €11.4m - including a one-time pension gain of €7m - compared with a loss of €85.9m last time. The 2015 figure is
27-Feb-2017 09:32 AM

blur engaged with Top 100 UK law firm

blur Group has entered negotiations on behalf of its customer, a Top 100 UK law firm, to source and deliver a multi-year, multiple six figure dollar programme of records management and archiving services. blur said this order was currently listed and a
27-Feb-2017 09:30 AM

Hastings to take £20m hit over new PI discount rate

Hastings Group's results for the year ended 31 December will include a one-off pre-tax charge of £20m following the Lord Chancellor's decision to change the discount rate for personal injury damages awards - the so-called Ogden rate - fr
27-Feb-2017 09:30 AM

Broker Forecast - Citigroup issues a broker note on Kaz Minerals PLC

Citigroup today reaffirms its buy investment rating on Kaz Minerals PLC (LON:KAZ) and raised its price target to 670p (from 520p). Story provided by StockMarketWire.com...
27-Feb-2017 09:26 AM

Jupiter Energy losses narrow

Jupiter Energy reports a consolidated after-tax loss of $6,277,355 for the six months to the end of December - down from $7,729,875 last time. At the end of December, cash levels were $472,758 (June 2016: $663,446). Assets increased to $50,197,124 (
27-Feb-2017 09:24 AM

Dechra underlying operating profits up

Dechra Pharmaceuticals posts underlying operating profits of £38.6m for the six months to the end of December - up 47.1% at actual exchange rates and 28.6% at constant currencies. Revenues of £172.6m were ip 55.9% at actual exchange rates and
27-Feb-2017 09:20 AM

Broker Forecast - Deutsche Bank issues a broker note on Standard Chartered PLC

Deutsche Bank today reaffirms its sell investment rating on Standard Chartered PLC (LON:STAN) and raised its price target to 620p (from 600p). Story provided by StockMarketWire.com...
27-Feb-2017 09:14 AM

Starcom predicts FY 2016 pretax loss

Starcom is anticipating a FY 2016 pretax loss of about $1.5m, from a loss of $1.76m, after inventory write-downs before provisions of $450,000. "The anticipated loss before tax is before any additional provisions which may be made in respect of rece
27-Feb-2017 09:11 AM

Drax submits bids for distressed pellet plants

Drax is participating in separate processes for the acquisition out of bankruptcy of the operating assets of Texas Pellets and Louisiana Pellets. Drax has submitted initial cash bids for these assets as part of an auction process, which will be held on 1
27-Feb-2017 09:10 AM

Broker Forecast - Deutsche Bank issues a broker note on Rightmove PLC

Deutsche Bank today reaffirms its hold investment rating on Rightmove PLC (LON:RMV) and raised its price target to 3880p (from 3720p). Story provided by StockMarketWire.com...
27-Feb-2017 09:09 AM

Direct Line profits to take hit from new PI discount rate

Direct Line Insurance Group has warned that the new discount rate for calculating personal injury damages awards will reduce 2016 pre-tax profits by between £215m and £230m. This is after reinsurance recoveries - including the impact on bo
27-Feb-2017 09:02 AM

Market Movers - Top risers and fallers between 08:00 and 09:00

Overall Market Marechale Capital 1.88 +36.36% Regency Mines 0.70 +16.67% Starvest 2.50 +11.11% Galileo Resources 5.65
27-Feb-2017 09:00 AM

Broker Forecast - Deutsche Bank issues a broker note on IMI PLC

Deutsche Bank today reaffirms its hold investment rating on IMI PLC (LON:IMI) and raised its price target to 1170p (from 1064p). Story provided by StockMarketWire.com...
27-Feb-2017 09:00 AM

Market Movers - Top risers and fallers at 09:00

FTSE 100 Bunzl 2216.00 +2.07% Convatec Group 236.20 +1.94% Unilever 3833.75 +1.61% International Consolidated Airlines 534.75 +1.
27-Feb-2017 08:56 AM

Boussard & Gavaudan NAV update

Boussard & Gavaudan Holding said the estimated net asset value of its sterling shares was £19.8294 at the close of business on 24 February. The estimated NAV of its euro shares was €22.5828. At 8:56am: (LON:BGHS) Boussard Gavaudan Holding
27-Feb-2017 08:50 AM

Broker Forecast - Deutsche Bank issues a broker note on Barratt Developments PLC

Deutsche Bank today reaffirms its buy investment rating on Barratt Developments PLC (LON:BDEV) and raised its price target to 678p (from 672p). Story provided by StockMarketWire.com...
27-Feb-2017 08:42 AM

Clariant publishes first integrated report

Clariant, a world leader in speciality chemicals, has published its first integrated report. Clariant said this step towards integrated reporting enabled it to provide a deeper view on its holistic management approach and commitment to create added valu
27-Feb-2017 08:40 AM

Broker Forecast - Deutsche Bank issues a broker note on Essentra

Deutsche Bank today upgrades its investment rating on Essentra (LON:ESNT) to buy (from hold) and raised its price target to 600p (from 425p). Story provided by StockMarketWire.com...
27-Feb-2017 08:32 AM

Direct Line notes change in PI discount rate

Direct Line Insurance Group has noted today's announcement by the Lord Chancellor regarding a change to the discount rate for calculating personal injury damages awards. The group said it would update the market later today regarding implications o
27-Feb-2017 08:30 AM

Broker Forecast - Jefferies International issues a broker note on Indivior Plc

Jefferies International today reaffirms its buy investment rating on Indivior Plc (LON:INDV) and raised its price target to 490p (from 440p). Story provided by StockMarketWire.com...
27-Feb-2017 08:22 AM

Ascential revenues rise

Ascential's revenues rose to £299.6m in the year to the end of December - up from £256.6m in 2015 - a constant currency organic growth rate of 9.5% (a reported growth of 16.8%). Total revenue, including discontinued operations, of £
27-Feb-2017 08:20 AM

Broker Forecast - Peel Hunt issues a broker note on Berkeley Energia Ltd

Peel Hunt today reaffirms its buy investment rating on Berkeley Energia Ltd (LON:BKY) and cut its price target to 90p (from 93p). Story provided by StockMarketWire.com...

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