Email Facebook Twitter

RNS EXCLUSIVE: Cabot praise 3D seismic mapping after successful winter programme

ShareCast News

FTSE 250 movers: Amec and Wood Group lead gains as merger closes in

Thu, 5th Oct 2017 12:54

(ShareCast News) - The FTSE 250 was on the front foot on Thursday as European markets remained cautious alongside ongoing political tension in Spain in relation to Catalan independence.

The best performers in the index on Thursday were Amec Foster Wheeler and Wood Group, after the two firms finally closed their merger agreement.

Wood Group will absorb Amec into its company from next Monday, when shares in the latter will delist from the London Stock Exchange.

Amec was boosted 4.39% by the clearance of the merger, while Wood Group was up 4.29%.

Kaz Minerals was also among the risers after copper prices saw a significant increase on Thursday.

Despite oil prices suffering a fall during the day, Tullow Oil also managed to post a gain of 4% during trading hours.

A number of FTSE 250-lifted firms went ex-dividend, causing their share prices to suffer. Among those was Hays, which saw its stock down almost 3% as a result.

Sports Direct, Bodycote and AA were also among those going ex-dividend, knocking their shares lower.

Hochschild Mining shares lost a bit of lustre as silver prices were down 1% on average.

Pub group Greene King continued to suffer on Thursday after it received a downgrade from Berenberg a day earlier, the German bank lowering its rating to 'hold' from 'sell'.

FTSE 250 - Risers

Amec Foster Wheeler (AMFW) 549.50p 4.87%

Wood Group (John) (WG.) 733.00p 4.71%

Tullow Oil (TLW) 191.00p 4.37%

Kaz Minerals (KAZ) 855.00p 4.01%

Tritax Big Box Reit (BBOX) 146.80p 3.53%

Cairn Energy (CNE) 195.60p 3.16%

BTG (BTG) 711.50p 2.89%

Coats Group (COA) 85.90p 2.87%

Aldermore Group (ALD) 234.50p 2.67%

Ibstock (IBST) 236.60p 2.47%

FTSE 250 - Fallers

Hochschild Mining (HOC) 224.00p -4.03%

AA (AA.) 157.10p -3.44%

Hays (HAS) 188.40p -2.74%

Virgin Money Holdings (UK) (VM.) 278.10p -2.52%

CYBG (CYBG) 299.80p -2.44%

Smith (DS) (SMDS) 502.50p -2.43%

Sports Direct International (SPD) 398.70p -2.33%

Acacia Mining (ACA) 187.40p -1.88%

Saga (SAGA) 189.40p -1.87%

Vectura Group (VEC) 106.30p -1.48%

Back to ShareCast News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.