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FTSE 250 movers: Amigo slides, gold miners sparkle

Wed, 12th Jun 2019 15:05

(Sharecast News) - London's FTSE 250 was 0.53% lower at 19,223.25 in afternoon trading on Wednesday, as Amigo Holdings led the index lower. The guarantor loans lender slumped after the company's biggest shareholder, Richmond Group, said it had been "investigating" a potential sale of part of its 61.4% stake via a placement, but has decided not to proceed with a sale right now.Provident Financial slipped after analysts at Canaccord Genuity downgraded the British sub-prime lender's shares from 'hold' to 'sell', citing downside risks to the company's earnings per share and dividend payouts.Analysts also highlighted that Provident's surplus capital was reported as £60m at the end of the first quarter, versus its desired minimum of £50m, but the Canadian broker expects surplus capital to diminish to £51m, £31m and then turn negative £8m at the end of the next three trading years.Oilers Tullow Oil and Premier Oil dropped alongside oilfield services provider Wood Group and Africa-focused Shell licensee Vivo Energy as oil prices dropped amid oversupply worries.Over-50s specialist Saga also retreated after it announced the retirement of chief executive officer Lance Batchelor after six years at the company.At the other end of the spectrum, precious metals miners Hochschild and Acacia both made gains as gold prices increased due to investor fears of tensions between the US and China escalating further following some harsh words from Donald Trump.Lukman Otunuga, research analyst at FXTM, said: "It is becoming increasingly clear that gold remains shielded by speculation over the Fed cutting interest rates this year, global growth fears and persistent US-China trade tensions."Stobart Group continued to climb after the UK High Court refused an appeal from former boss Andrew Tinkler, who claimed that he had been unlawfully removed from the infrastructure and support services company.Finally, Lancashire Holdings edged higher as analysts at Berenberg upgraded the stock's target price from 697p to 742p, arguing that the insurer is well placed to benefit from current market trends such as improvements in catastrophe pricing.Market MoversFTSE 250 (MCX) 19,223.25 -0.53%FTSE 250 - RisersHochschild Mining (HOC) 177.50p 5.90%Kier Group (KIE) 176.50p 4.87%Stobart Group Ltd. (STOB) 111.41p 4.52%Entertainment One Limited (ETO) 387.47p 3.27%Games Workshop Group (GAW) 5,106.02p 3.24%Funding Circle Holdings (FCH) 241.00p 2.77%EI Group (EIG) 205.20p 2.60%Acacia Mining (ACA) 169.00p 2.42%Rathbone Brothers (RAT) 2,160.00p 2.37%Lancashire Holdings Limited (LRE) 724.00p 2.26%FTSE 250 - FallersAmigo Holdings (AMGO) 265.00p -9.25%Provident Financial (PFG) 469.20p -6.24%Tullow Oil (TLW) 194.70p -5.53%Premier Oil (PMO) 70.84p -5.52%Wood Group (John) (WG.) 391.70p -4.28%Saga (SAGA) 38.42p -4.00%Vivo Energy (VVO) 132.00p -3.65%IP Group (IPO) 72.50p -3.33%Galliford Try (GFRD) 631.25p -3.18%Intu Properties (INTU) 86.08p -3.13%

More News

23 Jul 2018 12:53

Monday broker round-up

(Sharecast News) - Hargreaves Lansdown: Jefferies downgrades to underperform with a target price of 1,650p.

20 Jul 2018 08:49

TOP NEWS: Acacia Earnings Slide As Tanzania Woes Continue To Bite

LONDON (Alliance News) - Acacia Mining PLC on Friday said profit slumped in the first half of its current financial year due to lower production, as the Tanzanian ban on metal concentrates to the

20 Jul 2018 07:39

LONDON MARKET PRE-OPEN: Acacia Profit Slump; HomeServe Trading In Line

LONDON (Alliance News) - Stocks in London are set to open marginally lower on Friday amid weak investor sentiment after US President Donald Trump criticised the US Federal Reserve, while reported a a

6 Jul 2018 08:40

LONDON MARKET OPEN: Stocks Higher; Inmarsat Dives On Offer Rebuff

LONDON (Alliance News) - Stock prices in London were broadly higher early on Friday with M&A action prominent, leading to both Inmarsat and BCA Marketplace in in

6 Jul 2018 08:25

Acacia Mining Quarterly Production Drops On Reduced Operations

LONDON (Alliance News) - Acacia Mining PLC on Friday posted a drop in quarterly gold production from the previous year due to reduced operations at one of its mines and stockpile processing at its

6 Jul 2018 07:42

LONDON MARKET PRE-OPEN: Stocks Seen Up; Inmarsat Rebuffs New Proposal

LONDON (Alliance News) - Stock prices in London are called for a higher open on Friday despite the start of US tariffs on Chinese goods, in a fairly thin morning for UK company news. Among the large

12 Jun 2018 08:55

Acacia Mining Reports Fatal Accident At North Mara Gold Mine

LONDON (Alliance News) - Acacia Mining PLC on Tuesday said that a accident at North Mara gold mine located in the Mara region of Tanzania led to the death of a contractor's operator early said

19 Apr 2018 07:01

LONDON MARKET EARLY CALL: Stocks Called Higher As Commodities Surge

LONDON (Alliance News) - Stock prices in London are seen opening higher on Thursday, continuing gains made on Wednesday, as a falling pound helps overseas exposed stocks and a surge in commodity a

9 Mar 2018 10:40

WINNERS & LOSERS SUMMARY: RM2 Jumps As It Sees Positive 2019 Earnings

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Anglo American, up the

15 Feb 2017 16:45

Broker tips: Acacia Mining, Hunting, Ashtead

(ShareCast News) - Gold miner Acacia Mining had its share price target lifted in a bullish note from Jefferies on Wednesday morning. Jefferies reiterated its 'buy' rating and status as the investment bank's top pick in the sector, and lifted its target price to 575p from 550p as the once-chronic und

15 Feb 2017 11:18

Acacia Mining's valuation still not stretched, says Jefferies

15 Feb 2017 09:21

Wednesday broker round-up

(ShareCast News) - William Hill: HSBC downgrades to Reduce with a target price of 255p. Smith & Nephew: Berenberg reiterates Hold with a target price of 1275p. JD Wetherspoon: Deutsche Bank reiterates Sell with a target price of 600p. Acacia: Jefferies reiterates Buy with a target price of 575p.

14 Feb 2017 12:03

LONDON MARKET MIDDAY: Weak Pound Boosts FTSE 100 As Inflation Rises

14 Feb 2017 07:26

Acacia Mining returns to profit in 4th quarter

(ShareCast News) - Acacia Mining returned to profit in the final quarter of 2016 as it said 2017 gold production increased to between 850,000-900,000 ounces at lower costs of $880-$920 per oz. Fourth quarter pre-tax profits rose to $62m compared with a loss of $131.9m year-on-year. Revenues were up

31 Jan 2017 16:30

Sector movers: Miners boosted by weaker dollar, strike threat

(ShareCast News) - Shares of Industrial Metals and Mining firms led gains on Tuesday as a weaker dollar, supportive news-flow for crude oil and copper futures and low trading volumes in the latter lifted commodity prices. As of 1800 GMT, the US dollar spot index was fading 0.73% to 99.697 after US t

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