30th Jan 2019 10:48
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Fresnillo, up 2.5%. The Mexican gold miner was tracking spot gold prices higher, quoted at USD1,313.43 an ounce compared to USD1,310.47 late Tuesday. The precious metal rose as the dollar weakened ahead of the US Federal Reserve's interest rate decision at 1900 GMT. The Fed is widely expected to leave interest rates unchanged. ----------Antofagasta, up 1.8%, Glencore, up 1.7%, Rio Tinto, up 1.4%, BHP, up 1.3%. The miners were higher amid higher copper prices. Copper was quoted at USD6,089.03 Wednesday, up from USD5,995.90 late Tuesday. "The FTSE100 has pushed higher, no doubt helped by a weakening in the pound overnight, as well as firmer commodity prices, driven by a rally in oil and copper prices," said CMC Markets analyst Michael Hewson. Brent was quoted at USD61.50 Wednesday a barrel from USD61.36 late Tuesday. ----------FTSE 250 - WINNERS----------Ferrexpo, up 6.5%. Shares in the iron pellet producer were higher amid higher iron ore prices. "Iron ore prices are on the rise following a second deadly collapse at a Brazilian tailings dam. Brazil's iron ore mining operations are hugely significant to global supply, with the country accounting for 20% of global output. The mine in question may be small in size, but the potential for a wider investigation could halt production across a number of more significant operations in the country. It is therefore no surprise to see prices up 8% over three days to a 16-month high for the commodity," said IG Group's Josh Mahony. ----------Domino's Pizza, up 6.0%. Shares in the pizza chain were rebounding after incurring heavy losses on Tuesday. Domino's on Tuesday said it would report annual profit at the lower end of expectations following challenges in its international business. The stock closed down 8.7% Tuesday. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Best of the Best, up 29% at 282.20 pence. The luxury car competition operator said it is trading ahead of expectations in its current financial year, as profit more than tripled in the first half on reduced costs. In addition, the company said it intends to return surplus cash to shareholders by way of a tender offer for up to 7.1% of its share capital at a price of 485 pence per share. If the maximum number of shares under the tender offer are acquired, the company said this will result in an amount of GBP3.5 million being paid to shareholders. Additionally, the company reported pretax profit of GBP3.6 million for the six months to the end of October 2018. In the first half of financial 2018, pretax profit totalled GBP945,000. Revenue rose 29% to GBP7.1 million in the recent half-year from GBP5.5 million year-on-year.----------OTHER MAIN MARKET AND AIM - LOSERS----------Boxhill Technologies, down 42% at 0.02p. The lottery operator reported a swing to profit in its most recent half-year, while also announcing several changes to its board of directors. Boxhill has promoted Graeme Paton to be chief executive officer and Cath McCormick to finance director with immediate effect. Boxhill shares were restored to trading on AIM on Wednesday after the company published its delayed annual and half-year reports. The shares had been suspended since August while the company worked with its auditors to finalise the reports. For the six months to July 31, Boxhill posted a pretax profit of GBP3.0 million versus a GBP310,000 loss in the comparative six month-period a year prior, due to a gain of GBP3.7 million on the sale of the Emex businesses to MDC Nominees in July. Boxhill said it will hold a general meeting to propose a name change to St James House. At the meeting, the firm will propose a share capital restructuring consisting of a sub-division of each share into one new ordinary share of 0.001 pence each and one deferred share of 0.099 pence each, followed by a consolidation of every 1,000 shares into one consolidated new share.----------Aukett Swanke, down 23%. The architecture and interior design company posted a widened annual loss as it endured the "perfect storm". For the year ended September 2018, the firm posted a pretax loss of GBP2.5 million versus GBP325,000 a year ago. This was due to revenue reducing by 22% to GBP14.4 million from GBP18.4 million a year prior, as both the UK and United Arab Emirates markets experienced delays and falling order books. The company did not propose a dividend for the year, in line with the year before.----------Staffline, down 22%. The recruiter delayed its annual results publication for unspecified reasons. Staffline had planned to publish its 2018 results on Wednesday, but gave no details over why the announcement has been postponed nor a new date. It has also postponed an analyst presentation due on Wednesday and a presentation for investors on Thursday.----------