Big Yellow Net Surges; Evotec and Celgene in Oncology Partnership

Sarla Buch
22 May, 2018
New York City

Big Yellow net surged. Evotec and Celgene signed strategic oncology partnership. Greencore reported strong revenues growth. HomeServe profit soared after the U.S. customer count jumped 20%.

[R]4:00 PM Frankfurt, Germany – Big Yellow net surged. Evotec and Celgene signed strategic oncology partnership. Greencore reported strong revenues growth. HomeServe profit soared after the U.S. customer count jumped 20%.[/R]

In London trading, FTSE 100 index increased 33.93 or 0.4% to 7,893.90 and in Frankfurt the DAX index jumped 104.78 or 0.8% to 13,181.45.

In Paris, CAC 40 index rose 4.86 to 5,642.36.

Big Yellow Group Plc slipped 0.7% to 955.50 pence after the U.K.-based self-storage services provider said revenues in the year ending in March jumped 7% from a year ago to £116.7 million.

Net profit in the year surged 34.2% to £133.5 million from £99.5 million in a year ago period and diluted earnings per share increased to 84.4 pence from 63.1 pence.

Big Yellow said it received an approval from Manchester City for a store of 60,000 square feet and also from Camberwell for 72,000 square feet store.

Evotec AG surged 13% to €14.29 after Germany-based drug discovery and development solutions provider and Celgene Corp announced today that they entered in a long-term strategic partnership to identify new therapeutics in oncology.

Glencore Plc gained 1.2% to 392.45 pence after Bloomberg reported that the U.K-based commodity trader and miner close to acquiring southern African assets from the U.S.-based Chevron Corporation for about $1 billion, potentially killing an earlier agreement with China Petroleum & Chemical Corp.

Greencore Group Plc soared 7.8% to 168.85 pence after the Ireland-based convenience foods producer reported group revenues in the first-half ending in March surged 22.6% from a year ago to £1.2 billion.

Net profit in the period tumbled to £3 million from £11.4 million in a year ago period and diluted earnings per share declined to 0.3 pence from 1.7 pence.

The convenience foods producer said pretax loss in the period jumped 54.7% to £18.1 million in the same period a year ago.

Greencore reaffirmed fiscal 2018 earnings per share in the range of 14.7 pence to 15.7 pence.

The group announced interim dividend of 2.20 pence per share, an increase of 4.8% from 2.10 pence dividend in a year ago period.

HomeServe Plc gained 0.4% to 845.50 pence after the U.K.-based home repairs and improvement provider reported revenues in the year ending in March soared 15% from a year ago to £899.7 million.

Net profit in the year soared 28.9% to £95.9 million from £74.4 million in a year ago period and diluted earnings per share jumped to 29.7 pence from 23.6 pence.

HomeServe said customer numbers in the U.S. jumped by 20% offset by nearly a flat count in the U.K. and contribution dropped to £61.1 million from £63.2 million in the same period a year ago.