Totally PLC shares jump before financial results; IAG shares travel higher on outlook

A look at some winners and losers in the UK equity market during Friday's trading session

Shares of healthcare services company Totally PLC are surging

Totally Plc (LON:TLY) saw strong demand ahead of its first-half results, expected on Monday, gaining 11.2% at 20.40p after the provider out-of-hospital services to the UK healthcare sector announced the appointment of Canaccord Genuity as its joint corporate broker alongside existing nominated adviser and joint corporate broker, Allenby Capital.

At the same time, shares of Vast Resources PLC (LON:VAST) rose 4.6% to 0.55p after the miner said it raised £1mln via share placing.

AIM-listed Vast raised the funds through the placing of around 189mln new shares at a price of 0.53p each, on par with its last closing price.

READ:  Vast Resources lifted as it raises £1mln in share placing

Also higher, International Consolidated Airlines Group PLC (LON:IAG) rose 1.8% to 628.80p after the parent company of British Airways raised its outlook on profits.  

The FTSE 100 component now expects underlying earnings (EBITDAR) to average €7.2bn per annum over the next five years.

READ: IAG ups long-term profit forecasts


11.40am: Miners rise on US-China deal hopes 

Copper miner Antofagasta PLC (LON:ANTO) climbed 2.9% to 842.40 and platinum producer Anglo American PLC (LON:AAL) gained 2.7% to 1,767p, as UK mining shares shined during Friday morning trade.

The group was bolstered by the prospect that US negotiators will draft a trade agreement with China, as directed by US President Donald Trump, before this month's G20 meeting. China is a major buyer of industrial and precious metals.

Shares of iron ore heavyweight BHP Billiton PLC (LON:BLT) rose 2.6% to 1,650.20p, and Rio Tinto Group PLC (LON:RIO) tacked on  2.2% at 3,938.50p.

The reawakening of risk appetite meant that a number of defensive stocks struggled on the FTSE 100 index. British Gas parent Centrica PLC (LON:CAN) fell 1.4% to 144.28p, and water utility Severn Trent PLC (LON:SVT) fell 1.6% to 1,875p. In the consumer-staples group, tobacco makers Imperial Brands Group PLC (LON:IMB) and British American Tobacco PLC (LON:BATS) gave up 2.8% and 1.4%, respectively.

READ:  Moneysupermarket's rating a 'buy' at Liberum

Meanwhile, shares of Moneysupermaket.com Group PLC’s (LON:MONY) gained 3.3% to 309.40 after the price comparison website landed a rating upgrade.

The FTSE 250 company’s new strategy aimed at a more subscription-style model is a game changer, said Liberum, which lifted its rating on Moneysupermarket.com to ‘buy’ from ‘hold’.

10.25am: Parity Group plunges after profit warning 

Parity Group PLC (LON:PTY) plunged 29% to 7.00p after the recruitment and tech consultancy issued a full-year profit warning after an extension of a large contract was delayed. 

The AIM-listed group said even if that large contract were eventually approved, its scope would be “reduced” and despite progress in revenues, adjusted pre-tax profits would be around breakeven for the second half of the year.

READ:  Parity issues profit warning amid contract delay

Goldplat PLC (LON:GDP) shares fell 33% to 3.00p as the gold miner said it remains confident its strategic initiatives will yield “improved results” going forward despite a “very difficult quarter”.

Goldplat, in an update for the first quarter, said it made “good progress” in terms of plans to secure funding for an expansion of its Kilimapesa mine in Kenya.

READ: Goldplat confident of “improved results” following difficult quarter

But advancers included Paddy Power Betfair PLC (LON:PPB), with shares up 2.8% at 6,909p after the bookmaker logged double-digit revenue growth in the third quarter.

The FTSE 100 company said the quarter got a £22mln boost from World Cup tournament action. Paddy Power Betfair raised its full-year guidance slightly despite a dip in profitability.

READ: Paddy Power third-quarter revenues jump thanks to World Cup bonus

9.00am: Pantheon Resources climbs after project update

Pantheon Resources PLC (LON:PANR) shares gained 4.4% to 0.70p in early Friday trade as the oil and gas explorer said operations have started at a project in Texas.

AIM-quoted Pantheon said a pipeline connecting the VOS#1 well and the Enterprise gathering and processing system in Tyler County, East Texas, is now hooked up and that flowing operations have begun. Pantheon plans to bring the well online slowly following a prolonged shut-in period and to report flow rates in due course.

System1 Group PLC (LON:SYS1) shares leapt 8.3% to 15.00p after the marketing services firm logged profit growth for the half year as it continued investment in its new ‘Ad Ratings’ business line.

The company, listed on AIM, said underlying pre-tax profits, including the new division, rose 28% to £1.08mln while revenues declined 5% to £13.2mln. System1 said it would return to growth “in time” despite challenging market conditions.

READ: System1 logs rise in half-year profits

But in the losing column was ProPhotonix Limited (LON:PPIX), with shares tumbling 38% to 3.75p after the technology firm warned of a net loss for full-year 2018.

The AIM-listed designer and manufacturer of LED illumination systems and laser diode modules forecast a net loss of around US$2mln after a slowdown in the second half. The outlook stems in part from revenue declines from two key customers, with the group calling trading conditions “positive but challenging.”

READ: ProPhotonix expects to post 2018 net loss

Proactive news headlines:

Mporium Group PLC (LON:MPM) has sealed a strategic partnership with BPC Land Sales and Marketing, which acts for some of the UK's largest house builders. The pair will deploy Mporium’s IMPACT product to help guide the marketing of newly built properties.

Goldplat PLC (LON:GDP) chief executive Gerard Kisbey-Green has said the firm remains confident its strategic initiatives will yield “improved results” going forward despite the “very difficult quarter”.

Bluebird Merchant Ventures PLC (LON:BMV) has made the required expenditure to farm-in to the Kochang mine in South Korea. Under the terms of the agreement, Bluebird was required to inject A$250,000 into partner Southern Gold and spend a minimum of US$250,000 on a feasibility report into reopening the mine.

ADES International Holding Ltd. (LON:ADES), the leading oil & gas drilling and production services provider in the Middle East and North Africa, announced that it has completed the acquisition of 12 onshore rigs from Weatherford International PLC in Kuwait. The group said the transaction forms part of the previously signed definitive agreement with a subsidiary of Weatherford to acquire 31 onshore drilling rigs for a total consideration of US$ 287.5mln across Kuwait, Saudi Arabia, Algeria and Southern Iraq.

Next 15 Communications Group PLC (LON:NFC) said it has successfully completed the fund-raising announced on 1 November, with a total of 4,210,526 new ordinary shares in the company placed by Numis Securities at a price of 475p each via an accelerated bookbuild, raising proceeds of £20mln before expenses. The placing shares issued represent approximately 5.3% of the company’s issued ordinary share capital.

Echo Energy PLC (LON:ECHO), the Latin American focused upstream oil and gas company, has announced the appointment of Dr Gavin Graham as an independent non-executive director of the company with immediate effect. The group pointed out that Graham has nearly 40 years' experience in the oil & gas industry, with 29 of those years at Royal Dutch Shell PLC (LON:RDSA).

Anglo Pacific Group PLC (LON:APF) (TSX:APY) has announced the appointment of Vanessa Dennett as an independent non-executive director of the company, effective from 1 November 2018. The group said Dennett is a highly experienced mining executive, most recently as Senior Legal Counsel at Anglo American PLC (LON:AAL), specialising in M&A transactions and joint ventures.

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