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ShareCast News - Risers and Fallers
FTSE 250 movers: FirstGroup plunges after cancelling dividend
Transport firm FirstGroup led the fallers after cancelling its final dividend as it restructured its balance sheet and refinanced after a year in which operating profits halved. In results announced two days earlier than scheduled, the company announced a three-for-two rights issue as well as the resignation of its Chairman Martin Gilbert.[20 May '13]
FTSE 100 movers: RBS makes strong gains on Numis note
Royal Bank of Scotland was in the lead after Numis raised its target price from 308p to 410p, while upgrading the stock to buy.[20 May '13]
FTSE 250 movers: Ocado leaps on Morrison deal
Ocado Group shares leapt almost a third on Friday after Morrison Supermarkets confirmed the two are teaming up to launch its first shopping website in January next year. The partnership had been expected as the two have been in talks since Morrison announced it was moving online in its annual results in March. Online grocer Ocado will provide its technology, logistics and distribution operations to Morrison.[17 May '13]
FTSE 100 movers: RBS rises into top spot on UBS comments
Banks were making a strong rise after UBS lifted its rating for the global banking sector from 'underweight' to 'overweight', saying that the operating environment is beginning to improve. In a research report titled 'Post-crisis banking', UBS said that the tone of its Global FID conference earlier this week was "neutral to slightly positive" and banks are starting to see "improving bottom-up trends". RBS led the risers, with Lloyds close behind.[17 May '13]
FTSE 250 movers: Synthomer drops into bottom spot
Shares in chemicals company Synthomer dropped on Thursday after the company said demand in Europe was weaker than anticipated during March and April, driving the overall group performance lower.[16 May '13]
FTSE 100 movers: Aviva leads the way higher on turnaround strategy
Insurance group Aviva, was leading the risers after it said it is delivering on its turnaround strategy.[16 May '13]
FTSE 250 movers: Keller makes gains after beating expectations
Keller, the world's largest independent ground engineering specialist, sparked a share-price surge on Wednesday after saying that results so far this year have beaten its expectations despite mixed conditions worldwide. The company said that while economic conditions across global construction markets continue to be "varied", both revenue and profit in the first four months of 2013 was better than it expected at the time of announcing its full-year results in March.[15 May '13]
FTSE 100 movers: easyJet rises after narrowing losses
easyJet narrowed its half-year losses as the low-cost airline took initiatives to boost revenues and cut costs.[15 May '13]
FTSE 250 movers: ICAP rockets despite profits falling 20 per cent
ICAP's annual pre-tax profit fell 20 per cent to 284m pounds compared to the previous year as the broker was hit by the weak global economy, low interest rates and regulatory reforms. Nevertheless, that was 'in-line' with consensus expectations given company guidance in its recent trading statement. For their part, analysts at Credit Suisse saw "slightly better cost savings guidance for the fiscal year 2014", but expects only modest changes to consensus earnings as the compan[14 May '13]
FTSE 100 movers: Severn Trent tops index after bid approach is confirmed
Severn Trent topped the leaderboard after it confirmed press speculation that it has received a bid approach from a consortium of investors, which is rumoured to value the UK utility company around 5.3bn pounds. In a statement released this morning, Severn Trent said it had received an approach with a view to making a proposal from Canadian infrastructure investor Borealis, the Kuwait Investment Office and Universities Superannuation Scheme.[14 May '13]
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