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HEAD - Headlam News Story

418p -12.0  -2.8%

Last Trade - 20/09/19

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £354.4m
Enterprise Value £368.7m
Revenue £719.6m
Position in Universe 657th / 1829

UPDATE 1-UK Stocks-Factors to watch on March 6

Wed 6th March, 2019 7:54am
(Adds company news items and futures)
    March 6 (Reuters) - Britain's FTSE 100  .FTSE  is seen opening 17 points
lower at 7,166 on Wednesday, according to financial bookmakers, while FTSE 100
futures  .FFIc1  were down 0.16  percent ahead of the cash market open.
    * PROVIDENT FINANCIAL: British lender Provident Financial Plc  PFG.L  said
on Wednesday it had a clear plan to execute growth and efficiency efforts across
its divisions, as it reiterated that rival Non-Standard Finance Plc's  NSF.L 
takeover offer should firmly be rejected.  urn:newsml:reuters.com:*:nL3N20T1QU
    * IWG: British serviced office space provider IWG Plc  IWG.L  said on
Wednesday it would close and refurbish some locations in certain markets,
including the UK, to bring its performance back on track, after reporting a
lower full-year operating profit.  urn:newsml:reuters.com:*:nL3N20T1RF
    * DS SMITH: Packaging company DS Smith Plc  SMDS.L  said on Wednesday it
plans to sell its plastics division to private equity firm Olympus Partners for
an enterprise value of $585 million.  urn:newsml:reuters.com:*:nL3N20T1RB
    * MELROSE: Turnaround specialist Melrose Industries Plc  MRON.L  said on
Wednesday it would sell its off-highway powertrain applications business
Walterscheid Powertrain Group to One Equity Partners, a U.S.-based private
equity firm for about 200 million pounds ($262.68 million).  urn:newsml:reuters.com:*:nL3N20T1RS
    * SOCO INTERNATIONAL: Oil and gas producer SOCO International Plc  SIA.L 
said on Wednesday it would not make an offer for Ophir Energy Plc  OPHR.L  after
an original all-share proposal was rejected by Ophir in January.  urn:newsml:reuters.com:*:nL3N20T1S3
    * VIVO ENERGY: African fuel retailer Vivo Energy Plc  VVO.L  reported a 2
percent rise in 2018 gross profit on higher volumes and forecast low to mid
double-digit percentage volume growth for the current year.  urn:newsml:reuters.com:*:nL3N20T1S8
    * JUST EAT: Online takeaway service Just Eat plc  JE.L  said it would
improve its margin this year after revenue rose 43 percent to 779.5 million
pounds ($1.0 billion) while underlying core earnings grew by 6 percent to 173.9
million pounds in 2018.  urn:newsml:reuters.com:*:nFWN20S0WI
    * LEGAL & GENERAL: British life insurer Legal & General  LGEN.L  posted a 10
percent rise in operating profit to 1.9 billion pounds ($2.5 billion) in 2018,
helped by record sales of annuities, it said on Wednesday.  urn:newsml:reuters.com:*:nFWN20S0TS
    * LLOYD: Insurance market Lloyd's of London  SOLYD.UL  said on Tuesday its
Brussels subsidiary had gained authorisation in Monaco to continue underwriting
and reinsurance business after Brexit.  urn:newsml:reuters.com:*:nL5N20S5IF
    * INTERSERVE: Interserve  IRV.L  said on Tuesday it had rejected a rescue
plan put forward by its largest shareholder Coltrane Asset Management because it
believed the proposal risked the future of the outsourcer in its fight for
survival.  urn:newsml:reuters.com:*:nL5N20S4IA
    * DEBENHAMS: Debenhams  DEB.L  warned on profit again on Tuesday, as the
British department store group edged nearer to a restructuring that analysts
expect will include a share issue and an acceleration of its store closure
plans.  urn:newsml:reuters.com:*:nL3N20S2BL
    * GOLD: Gold prices steadied on Wednesday, after recovering from a more than
five-week low in the previous session, lifted by a pause in global equities
rally, while a firm dollar curbed further gains.  urn:newsml:reuters.com:*:nL3N20T0TR
    * OIL: Oil prices fell nearly 1 percent on Wednesday as bullish output
forecasts by two big U.S. producers and a build in U.S. crude stockpiles
outweighed ongoing OPEC-led efforts to rein in crude production.  urn:newsml:reuters.com:*:nL3N20T0HW  
    * The UK blue chip index closed 0.69 percent up at 7183.43 on Tuesday as
Ladbrokes owner GVC surged on strong results and a weaker pound paved the way
for gains in dollar earners, while Intertek tumbled as investors rushed to book
profits after an in-line earnings report.  urn:newsml:reuters.com:*:nL5N20S23Z
    * For more on the factors affecting European stocks, please click on:
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    TODAY'S UK PAPERS
    > Financial Times                       PRESS/FT 
    > Other business headlines              PRESS/GB 
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 (Reporting by Adil  Bhat in Bengaluru)
 ((AdilSubzar.Bhat@thomsonreuters.com; within U.K. +44 020 7542 1810, outside
U.K. +91 80 6749 1719; Reuters Messaging:
adilsubzar.bhat.thomsonreuters.com@reuters.net))
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