2nd Oct 2020 11:01
(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.
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FTSE 100 - LOSERS
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Rolls-Royce Holdings, down 9.0%. The jet engine maker was extending losses following its equity raise announcement on Thursday. Rolls-Royce on Thursday had launched an effort to boost its finances by GBP5.0 billion in equity and debt. The stock closed down 10% on Thursday. In addition, Mainfirst cut the Trent 1000 engine maker to Hold from Buy.
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FTSE 250 - WINNERS
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James Fisher & Sons, up 2.7%. The marine services provider said it has been awarded a five-year service contract with the Royal Navy. The "multi-million-pound" contract is for ensuring operational readiness of life-support diving equipment and was awarded to James Fisher's JFD specialist technical business. JFD, an underwater capability provider, has a 20-year relationship with the Royal Navy and will be responsible for maintaining its life-support diving equipment, including JFD's Shadow rebreather system.
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IMI, up 2.5%. Morgan Stanley raised the engineering firm to Overweight from Equal Weight.
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FTSE 250 - LOSERS
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Centamin, down 17%. The gold miner it will defer open pit mining operations in the Stage 4 West wall of the open pit at its Sukari gold mine in Egypt after detecting movement in a localised area of waste material. For the three months ended September 30, preliminary gold production was around 120,000 ounces, taking nine-month production to about 375,000 ounces. Centamin's preliminary estimate is that fourth-quarter production will be reduced to around 70,000 ounces. In addition, RBC Capital cut the stock to Sector Perform from Outperform.
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OTHER MAIN MARKET AND AIM - WINNERS
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Draper Esprit, up 8.3% at 598.02 pence. The technology focused venture capital firm said it has raised GBP110 million through an oversubscribed placing of 19.8 million shares at 555 pence each. Draper Esprit, in its initial announcement late Thursday, had said it hoped to raise GBP100 million for potential future investments.
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Wincanton, up 6.2%. The logistics company reiterated its guidance for financial 2021 and said that trading in the six months to the end of September was "resilient" despite a challenging environment. Wincanton also said that it has reached an agreement on 2020 triennial valuation of its pension scheme and recovery plan. Wincanton retained its guidance of beating market expectations for financial 2021. For the financial year that ended March 31, the company posted pretax profit of GBP43.8 million on revenue of GBP1.20 billion. In the first half, Wincanton also secured several new contracts and its Digital and eFulfilment business benefited from increased demand for online retail.
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OTHER MAIN MARKET AND AIM - LOSERS
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Ryanair Holdings, down 2.0%. The Irish carrier said Covid-19 travel restrictions across Europe and the UK led to a 64% year-on-year drop in September traffic and a significant reduction in its flying schedule. Ryanair carried just 5.1 million passengers in September, down 64% from 14.1 million a year ago. On a rolling annual basis, September passenger numbers were down 47% to 79.9 million. Ryanair operated 53% of its normal September schedule with a 71% load factor.
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By Arvind Bhunjun; [email protected]
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Related Shares:
RYA.LCentamin PLCWIN.LJames Fisher and SonsIMIRolls-Royce