Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

418.80p
   
  • Change Today:
    -3.80p
  • 52 Week High: 442.00
  • 52 Week Low: 325.40
  • Currency: UK Pounds
  • Shares Issued: 263.18m
  • Volume: 65,527
  • Market Cap: £1,102.19m
  • Beta: 1.11

London open: Standard Life, energy stocks support markets ahead of Greek meeting

Date: Friday 20 Feb 2015

LONDON (ShareCast) - UK stocks edged higher on Friday morning on the back of well-received results from Standard Life and gains in the oil sector as investors awaited a pivotal meeting about Greek debt later on.
London's FTSE 100 was up 0.06% at 6,892.72 early on.

The index has remained broadly flat over the last three sessions after hitting a 15-year high on Tuesday, as it continues to fluctuate below the all-time high of 6,930.20 reached in December 1999.

The Eurogroup is set to meet in Brussels at 14:00 to discuss Greece's proposal for a loan extension, albeit on different terms on the existing bailout. Germany has already rejected the request, saying it was "not a substantial solution".

"This is not to say that the Greek request was made in vain, since Eurogroup president [Jeroen] Dijsselbloem did convene the Eurogroup for a new meeting, to be held this afternoon. The language from the Eurogroup seems to be hardening, though," said analysts at Rabobank.

They said that the "game of chicken' could very well continue over the weekend and into next week". Greece's current bailout programme is set to expire on 28 February.

UK retail sales data and surveys on Eurozone and US manufacturing are also due out on Friday.

After Brent crude dropped sharply in early trading on Thursday to around $57 a barrel, losses were quickly erased by the end of the session and the rebound was continuing on Friday with prices up 0.5% at $60.52 a barrel.

"This is yet another reassuring sign from the commodity; even when it has seen big intra-day falls, its resilience has allowed it to stall before these declines could become a sustained plunge," said analyst Connor Campbell from Spreadex.

Standard Life and oil stocks rise

Insurance giant Standard Life impressed after beating forecasts with a 19% increase in annual operating profit before tax from continuing operations to £604m, while the total dividend was lifted 7.8% to 17.03p per share. The recent acquisition of Ignis also helped it to increase assets under administration by 38% in 2014.

Oil and gas stocks were tracking crude prices higher with Tullow Oil, BG Group and Shell among the best performers on the FTSE 100. Miners Anglo American, Glencore and Antofagasta also provided a lift.

Serco was higher after Credit Suisse upgraded its rating on the outsourcing group to 'neutral' and hiked its target price from 142p to 208p.

DIY retailer Kingfisher however was lower after Barclays Capital cut its recommendation to 'underweight', while housebuilder Persimmon was lowered to 'neutral' by JPMorgan Cazenove.

Essentra, the plastic, fibre and foam products group, advanced after exceeding expectations for 2014 with like-for-like revenue up 9% and adjusted earning per share up 19%.


Market Movers
techMARK 3,136.33 +0.10%
FTSE 100 6,892.72 +0.06%
FTSE 250 17,054.47 +0.03%

FTSE 100 - Risers
Standard Life (SL.) 418.90p +2.55%
Weir Group (WEIR) 1,898.00p +1.93%
Tullow Oil (TLW) 403.50p +1.33%
Babcock International Group (BAB) 1,008.00p +1.20%
Barratt Developments (BDEV) 502.00p +1.09%
Hargreaves Lansdown (HL.) 1,064.00p +1.04%
St James's Place (STJ) 914.50p +0.94%
National Grid (NG.) 899.30p +0.92%
Ashtead Group (AHT) 1,136.00p +0.71%
GKN (GKN) 382.70p +0.66%

FTSE 100 - Fallers
Kingfisher (KGF) 340.80p -2.04%
Hammerson (HMSO) 661.50p -1.64%
Fresnillo (FRES) 826.00p -1.26%
Randgold Resources Ltd. (RRS) 4,966.00p -1.17%
International Consolidated Airlines Group SA (CDI) (IAG) 558.50p -0.98%
easyJet (EZJ) 1,769.00p -0.90%
Intu Properties (INTU) 362.60p -0.85%
Persimmon (PSN) 1,695.00p -0.82%
Imperial Tobacco Group (IMT) 3,062.00p -0.81%
Carnival (CCL) 2,920.00p -0.75%

FTSE 250 - Risers
Serco Group (SRP) 214.30p +6.94%
Cairn Energy (CNE) 206.20p +4.30%
Nostrum Oil & Gas (NOG) 600.00p +2.92%
Afren (AFR) 10.90p +2.73%
Man Group (EMG) 188.20p +2.45%
Premier Oil (PMO) 178.80p +2.17%
Keller Group (KLR) 960.00p +2.07%
Infinis Energy (INFI) 202.10p +2.02%
Vedanta Resources (VED) 586.00p +1.91%
Bovis Homes Group (BVS) 934.00p +1.91%

FTSE 250 - Fallers
Bwin.party Digital Entertainment (BPTY) 86.00p -3.64%
Computacenter (CCC) 675.00p -3.63%
Euromoney Institutional Investor (ERM) 1,016.00p -2.50%
Allied Minds (ALM) 500.00p -2.34%
NMC Health (NMC) 501.44p -2.06%
Alent (ALNT) 338.90p -2.05%
Hays (HAS) 159.60p -1.78%
Centamin (DI) (CEY) 64.90p -1.67%
Acacia Mining (ACA) 277.60p -1.60%
Unite Group (UTG) 509.50p -1.36%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Essentra Market Data

Currency UK Pounds
Share Price 418.80p
Change Today -3.80p
% Change -0.90 %
52 Week High 442.00
52 Week Low 325.40
Volume 65,527
Shares Issued 263.18m
Market Cap £1,102.19m
Beta 1.11

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.7% below the market average63.7% below the market average63.7% below the market average63.7% below the market average63.7% below the market average
48.76% below the sector average48.76% below the sector average48.76% below the sector average48.76% below the sector average48.76% below the sector average
Price Trend
23.15% above the market average23.15% above the market average23.15% above the market average23.15% above the market average23.15% above the market average
6.35% above the sector average6.35% above the sector average6.35% above the sector average6.35% above the sector average6.35% above the sector average
Income
53.08% above the market average53.08% above the market average53.08% above the market average53.08% above the market average53.08% above the market average
51.16% above the sector average51.16% above the sector average51.16% above the sector average51.16% above the sector average51.16% above the sector average
Growth
68.07% below the market average68.07% below the market average68.07% below the market average68.07% below the market average68.07% below the market average
76.07% below the sector average76.07% below the sector average76.07% below the sector average76.07% below the sector average76.07% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Essentra Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 25-Apr-19
Paid 30-Oct-19 03-Jun-19
Amount 6.30p 14.40p

Trades for 22-Nov-2019

Time Volume / Share Price
13:31 223 @ 418.80p
13:31 897 @ 418.60p
13:31 138 @ 418.60p
13:31 67 @ 418.60p
13:31 181 @ 418.60p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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