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AstraZeneca Seen Upgrading EPS Guidance After Alexion Deal Closure

07/14/2021 | 07:44am EDT

AstraZeneca Seen Upgrading EPS Guidance After Alexion Deal Closure

1118 GMT - AstraZeneca's closure of its Alexion acquisition is expected to prompt an upgrade to EPS guidance, likely when the company reports results on July 29, UBS says. The acquisition is expected to add about $0.40 to the pharma company's standalone EPS guidance this year, which now stands in a range of between $4.75 and $5, says UBS. Confidence in AstraZeneca's research-and-development productivity is seen returning as a result of the acquisition and after the unhelpful Covid-19 vaccine dynamics that the company has been going through, UBS says. This should in turn boost confidence in AstraZeneca's growth profile, according to the Swiss bank. (cecilia.butini@wsj.com)

Companies News: 

UK Regulator Clears AstraZeneca's Alexion Deal

The U.K. Competition and Markets Authority said Wednesday that it won't refer AstraZeneca PLC's anticipated acquisition of Alexion Pharmaceuticals Inc. for further review.

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Boohoo Closes Middle East Partnership With Alshaya

Boohoo Group PLC said Wednesday that it has signed a partnership with MH Alshaya Co. WLL to operate Debenhams in the Middle East and build its presence in the region.

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Barratt Developments FY21 Completions Rose, Expects Profit to Beat Market Views

Barratt Developments PLC said Wednesday that selling prices and completions in fiscal 2021 rose amid strong customer demand and underlying market strength, and it expects adjusted profit to beat market views.

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Ashmore's Fourth-Quarter Assets Under Management Rose

Ashmore Group PLC said Wednesday that assets under management for the fourth quarter of fiscal 2021 rose when compared with the previous quarter.

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Water Intelligence to Raise $9.5 Mln to Fund Growth

Water Intelligence PLC said Wednesday that it plans to raise $9.5 million via a share placing and subscription and will use the money to drive growth as part of its five-year plan.

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McBride Sees FY 2021 Adjusted Pretax, Operating Profit in Line With Views

McBride PLC said on Wednesday that it anticipated fiscal 2021 adjusted pretax and adjusted operating profit to be in line with current market expectations, and that the board doesn't expect to propose a final dividend for the year ended June 30.

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SSP Group CEO to Step Down at End of Year

SSP Group PLC said Wednesday that Chief Executive Simon Smith has advised the board of his intention to step down at the end of 2021 to pursue a new opportunity at a private-equity-backed business.

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M Winkworth Declares 2Q Dividend, Special Dividend After High Sales

M Winkworth PLC said Wednesday that it will pay a dividend of 2.2 pence (3 cents) to shareholders for the second quarter, and declared a special dividend due to a strong performance.

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Dunelm 4Q Sales Doubled; Expects to Beat FY 2021 Pretax Profit Forecasts

Dunelm Group PLC on Wednesday said that sales for the fourth quarter of fiscal 2021 more than doubled and that it now expects full-year pretax profit to beat market forecasts.

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Numis Says 3Q Revenue Was Strong, Sees Further Expansion

Numis Corp. said Wednesday that it expects to report a record performance for the whole year, with revenue rising on year in the third quarter, although at a slightly slower pace than in the first half.

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Finsbury Food Group FY 2021 Revenue Rose on Strong 2H Performance

Finsbury Food Group PLC said Wednesday that it delivered a strong performance in the second half of the year, with fiscal 2021 revenue rising 2.3%, close to pre-pandemic levels.

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Liontrust 1Q Assets Under Management Increased

Liontrust Asset Management PLC said Wednesday that assets under management rose in the first quarter of fiscal 2022 compared with the previous quarter.

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Knights Group FY 2021 Pretax Profit Rose on Higher Revenue; No Final Dividend

Knights Group Holdings PLC said Wednesday that pretax profit rose on higher revenue in fiscal 2021, but that it isn't declaring a final dividend given the cost-cutting measures taken throughout the year.

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Alpha FX 1H Revenue Rose

Alpha FX Group PLC said Wednesday that revenue nearly doubled for the first half of the year, adding that all its divisions were profitable and delivered strong growth.

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SIG PLC Sees Strong 1H Revenue, Profit; Raises 2021 Profit Guidance

SIG PLC said Wednesday that its first half had strong revenue growth and better-than-expected underlying operating profit, and it raised its full-year profit outlook.

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DP Eurasia 1H Sales Rose on Strong Turkish Level of Demand

DP Eurasia NV said Wednesday that sales for the first half rose 58% due to the unprecedented level of demand in Turkey, and against weak comparables for the first half of 2020 both in Turkey and Russia.

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Portmeirion Group 1H Revenue Rose, Confident on Outlook

Portmeirion Group PLC said Wednesday that revenue for the first half of 2021 rose and it is confident in its outlook for the rest of the year despite supply chain-related challenges.

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Intelligent Ultrasound Expects Widened 1H Operating Loss, Higher Sales

Intelligent Ultrasound Group PLC said Wednesday that it expects to report a widened operating loss for the first half of 2021, despite an increase in revenue driven by a strong recovery in its simulation division.

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Mission Group Says 1H Performance Exceeded Board's Expectations

Mission Group PLC said Wednesday that despite pandemic lockdown restrictions, it has experienced a sequential on-quarter recovery in revenue and profit over the first half of the year, with business exceeding the board's expectations.

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eBay Sells 125 Mln Shares in Adevinta to Private Equity Firm Permira for $2.25 Bln

E-commerce company eBay Inc. said Wednesday that it has agreed to sell around 125 million of its shares in Adevinta ASA to private equity firm Permira for $2.25 billion.

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Allergy Therapeutics Expects to Beat FY 2021 Revenue Forecasts

Allergy Therapeutics PLC said Wednesday that it expects to report market beating revenue for fiscal 2021 as it benefited from a strong euro.

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PRS REIT 4Q Completions, Rental Value Rose

PRS REIT PLC said Wednesday that it completed more homes in the fourth quarter of fiscal 2021 than the prior year and that its estimated annual rental value rose.

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Hurricane Energy Says 2Q Revenue Was Strong, Net Free Cash Rose

Hurricane Energy PLC said Wednesday that second-quarter revenue was strong, and that its net free cash increased.

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Coats Group 1H Sales Rose

Coats Group PLC said Wednesday that group sales for the first half rose, and that it expects its performance for the year to be moderately ahead of the board's previous expectations.

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Challenger Energy Completes Saffron Well Study in Trinidad & Tobago, Signs Loan Term Sheet

Challenger Energy Group PLC said Wednesday that logging of the Saffron-2 well in Trinidad & Tobago has been completed, and entered a term sheet for a $10 million loan.

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Blencowe Resources Shares Fall on Discounted Share Placing

Shares in Blencowe Resources PLC fell as much as 11% in early trade Wednesday after the company said it has raised 235,000 pounds ($324,676) via a discounted share placing, and will use the money toward its Orom-Cross graphite project in northern Uganda.

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Science in Sport Swung to 1H Underlying Profit on Higher Revenue

Science in Sport PLC said Wednesday that it swung to an underlying profit for the first half as revenue rose and supply-chain efficiencies and a continued online shift helped its margin.

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Kromek FY 2021 Pretax Profit Narrowed, Revenue Fell

Kromek Group PLC said Wednesday that its fiscal 2021 pretax loss narrowed though revenue fell, and it has secured a number of new orders.

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IQE Expects Lower 1H Revenue, Adjusted Earnings, But in Line With Views

IQE PLC said Wednesday that it expects to report lower revenue and adjusted earnings for the first half of 2021, but that its performance was in line with management expectations.

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Pharos Energy Warns of Posting 1H Loss, Revenue Fall

Pharos Energy PLC said Wednesday that revenue is expected to decline for the first half of the year when compared with the year-earlier period.

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Guild Esports Chairman Steps Down, Appoints Derek Lew as Successor

Guild Esports PLC said Wednesday that its Executive Chairman Carleton Curtis has decided to step down and leave the company, and that director Derek Lew has been appointed nonexecutive chairman.

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Arecor Therapeutics' 1H Performance Progressed in Line with Views

Arecor Therapeutics PLC said Wednesday that its first-half performance was in line with expectations.

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Remote-Monitoring Company Big Technologies Plans to Float on London's AIM

Big Technologies PLC said Wednesday that it plans to float on London's junior AIM market later this month.

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Altona Rare Earths Appoints Cedric Simonet as COO

Altona Rare Earths PLC said Wednesday that it has appointed Cedric Simonet as its chief operating officer with immediate effect.

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LendInvest Shares Rise in London Stock Market Debut

Shares of LendInvest PLC rose as much as 10% in early trade Wednesday as the company started trading on the London Stock Exchanges Junior AIM, implying a market capitalization of 281.7 million pounds ($389.2 million).

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Bradda Head to Raise GBP6.2 Mln in London Float to Develop Lithium Portfolio

Bradda Head Ltd. said Wednesday that it plans to float on London's AIM, raising 6.2 million pounds ($8.6 million) to advance development of a portfolio of lithium assets.

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Miner Central Copper Resources Plans London IPO

Mining company Central Copper Resources Ltd. said Wednesday that it plans to float on London's junior AIM and that it plans to raise funds to advance copper projects in Congo and Zambia.

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Poolbeg Pharma to Raise GBP25 Mln in London IPO

(MORE TO FOLLOW) Dow Jones Newswires

07-14-21 0743ET

Stocks mentioned in the article
ChangeLast1st jan.
ADEVINTA ASA 0.91% 160.95 Real-time Quote.11.77%
ALEXION PHARMACEUTICALS, INC. 1.70% 182.5 End-of-day quote.0.00%
ALLERGY THERAPEUTICS PLC -1.30% 38 Delayed Quote.128.57%
ALPHA FX GROUP PLC 1.00% 2020 Delayed Quote.55.38%
ASHMORE GROUP PLC -0.86% 344.6 Delayed Quote.-19.81%
ASTRAZENECA PLC 2.09% 8845 Delayed Quote.20.77%
BARRATT DEVELOPMENTS PLC -1.47% 681.6 Delayed Quote.1.73%
BOOHOO GROUP PLC -3.28% 259.7 Delayed Quote.-24.29%
COATS GROUP PLC 0.42% 71.5 Delayed Quote.6.24%
DJ INDUSTRIAL 0.10% 34798 Delayed Quote.13.59%
DP EURASIA N.V. -6.37% 76.4 Delayed Quote.69.78%
DUNELM GROUP PLC -1.62% 1462 Delayed Quote.20.53%
EBAY INC. -0.71% 72.99 Delayed Quote.45.25%
FINSBURY FOOD GROUP PLC 0.53% 94.5 Delayed Quote.18.87%
GUILD ESPORTS PLC 0.00% 5.5 Delayed Quote.-4.29%
GUILD HOLDINGS COMPANY 2.22% 14.3 Delayed Quote.-15.58%
HURRICANE ENERGY PLC 9.54% 3.549 Delayed Quote.41.96%
INTELLIGENT ULTRASOUND GROUP PLC 0.00% 15.25 Delayed Quote.5.17%
IQE PLC 1.69% 48 Delayed Quote.-34.65%
KNIGHTS GROUP HOLDINGS PLC 0.00% 435 Delayed Quote.10.55%
KROMEK GROUP PLC -1.23% 16.1 Delayed Quote.44.07%
LIONTRUST ASSET MANAGEMENT PLC -3.70% 2215 Delayed Quote.70.38%
M WINKWORTH PLC 0.00% 210 Delayed Quote.47.37%
MCBRIDE PLC 1.00% 81 Delayed Quote.-1.22%
PHAROS ENERGY PLC -3.20% 19.845 Delayed Quote.7.27%
PORTMEIRION GROUP PLC 2.24% 685 Delayed Quote.37.00%
SCIENCE IN SPORT PLC 0.00% 76 Delayed Quote.114.08%
SIG PLC 3.78% 49.98 Delayed Quote.58.77%
SSP GROUP PLC 2.91% 276 Delayed Quote.0.93%
THE PRS REIT PLC -0.96% 103.5 Delayed Quote.34.11%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.20% 72.5716 Delayed Quote.-1.08%
US DOLLAR / TURKISH LIRA (USD/TRY) 0.41% 8.8892 Delayed Quote.19.64%
WATER INTELLIGENCE PLC 2.41% 1275 Delayed Quote.155.00%
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