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FTSE 250 movers: Computacenter jumps while SIG's foundations crack

Tue, 08th Jan 2019 15:36

(Sharecast News) - London's FTSE 250 was up 1.64% at 18,270.15 in afternoon trade on Tuesday, with Computacenter and Electrocomponents leading the charge.IT services provider Computacenter was the top riser, followed closely by Electrocomponents which made gains as Jefferies upgraded the stock to 'buy' from 'hold' while UBS raising its own recommendation for the shares to 'buy' from 'neutral'.In parallel, Serco climbed after the company won an asylum accommodation and support services contract for the North West and the Midlands and East of England, with a total contract value estimated to be around £1.9bn over the ten-year term, adding £1.9bn to the group's order book.Luxury car manufacturer Aston Martin Lagonda jumped after reporting that it has put in place a number of measures to prepare for a potential 'no-deal' Brexit.Pub operator Greene King rallied as it posted a 10.9% jump in like-for-like sales over Christmas and the New Year and expressed confidence over the full year, while Rotork was also on the rise after being upgraded Bank of America Merrill Lynch.Building materials group SIG was the worst performer on the FTSE 250 after saying it expects profit for 2018 to drop on the back of lower trading revenue amid challenging market conditions.In a research note, analysts from Canaccord said: "The profit miss will be food for the bears and until there is further evidence of profit improvement and visibility over where earnings will trough, the shares are likely to remain under pressure despite the obvious potential."Finally, precious metals miners Centamin, Acacia Mining and Polymetal International were under pressure as gold prices backed-off amid the more upbeat investor attitude and corrective weakness after prices reached a six-month high last week.Market MoversFTSE 250 (MCX) 18,270.15 1.64%FTSE 250 - RisersComputacenter (CCC) 1,054.65p 8.50%Electrocomponents (ECM) 541.00p 7.98%Serco Group (SRP) 109.90p 7.64%Just Group (JUST) 100.74p 6.94%Aston Martin Lagonda Global Holdings (AML) 1,284.80p 6.13%Greene King (GNK) 585.00p 5.75%Playtech (PTEC) 433.00p 5.07%TI Fluid Systems (TIFS) 171.90p 4.95%Rotork (ROR) 262.10p 4.80%Rank Group (RNK) 149.00p 4.78%FTSE 250 - FallersSIG (SHI) 110.70p -5.06%Hikma Pharmaceuticals (HIK) 1,620.50p -3.97%Vivo Energy (VVO) 128.04p -3.86%Energean Oil & Gas (ENOG) 639.30p -1.65%Centamin (DI) (CEY) 119.20p -1.24%Acacia Mining (ACA) 197.65p -1.17%Grafton Group Units (GFTU) 689.50p -1.08%Polymetal International (POLY) 857.20p -1.06%Convatec Group (CTEC) 140.35p -0.99%Contour Global (GLO) 188.20p -0.90%
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28 Nov 2018 08:36

Acacia Mining Ends Burkina Faso Earn-In Deal With Sarama Resources

LONDON (Alliance News) - Acacia Mining PLC said Wednesday it had terminated an earn-in agreement with Toronto-listed Sarama Resources Ltd related to a Burkina Faso gold mine as it looks to focus a

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7 Nov 2018 17:56

UPDATE: Randgold CEO Comments On Acacia Do Not Reflect Barrick Views

LONDON (Alliance News) - Randgold Resources Ltd said Wednesday Chief Executive Officer Mark Bristow's comments regarding Acacia Mining PLC, in an interview to UK newspaper The Times, were his

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7 Nov 2018 11:35

PRESS: Barrick Could Buy Out Acacia Mining After Randgold Merger

LONDON (Alliance News) - Randgold Resources Ltd Chief Executive Mark Bristow said the newly-formed company after its merger with Barrick Gold Corp could buy Acacia Mining PLC, the Times said on to

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23 Oct 2018 08:44

Acacia Mining senior manager arrested for fraud by Tanzanian authorities

(Sharecast News) - Acacia Mining's senior manager at its Tanzanian operations was arrested and charged on Tuesday by the Tanzanian Prevention and Combating of Corruption Bureau (PCCB).

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19 Oct 2018 10:58

Production falls amid legal concerns at Acacia Mining

(Sharecast News) - Acacia Mining posted its third quarter results for the three months ended 30 September on Friday, reporting a 3% fall in revenue to $165.6m, which it put down to lower realised gold prices and lower production.

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19 Oct 2018 10:00

Acacia Mining Concerned About Tanzania, Ups Annual Production Target

LONDON (Alliance News) - Acacia Mining PLC said Friday it was "pleased" with its third-quarter operational performance, increasing its full year production guidance, but is "deeply

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12 Oct 2018 15:54

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 15 October SchrodersTrading Statement Rio TintoQ3 Operations Review (at 2230

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11 Oct 2018 11:07

Acacia Mining Employee Charged By Tanzania's Corruption Bureau

LONDON (Alliance News) - Acacia Mining PLC on Thursday said one of its employees has been charged by Tanzania's corruption taskforce.The employee, a South African national, has been by

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9 Oct 2018 12:59

Tuesday broker round-up

(Sharecast News) - Royal Mail: HSBC downgrades to hold with a target price of 379p.

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8 Oct 2018 09:14

Acacia Mining On Track To Beat Current 2018 Gold Production Guidance

LONDON (Alliance News) - Gold miner Acacia Mining PLC said on Monday it expects to exceed the upper end of its full-year production guidance, despite reporting lower gold production in the third a

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8 Oct 2018 08:44

Acacia Mining ups output guidance after better-than-expected Q3

(Sharecast News) - Acacia Mining upped its annual production target on Monday as third-quarter output topped expectations.

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24 Sep 2018 17:05

LONDON MARKET CLOSE: Trade War Weighs; Sky And Randgold Succumb To M&A

LONDON (Alliance News) - Stocks in London ended lower on Monday amid lingering trade tensions weighing on investor sentiment, while the FTSE 100 is set to lose two more of its constituents as a of In

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24 Sep 2018 07:20

Randgold agrees no-premium merger with Canada's Barrick Gold

(Sharecast News) - Randgold Resources has agreed to nil-premium merge with larger Canadian rival Barrick Gold to create the largest gold mining company in the world.

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6 Sep 2018 11:17

Acacia's Project Partner Gets Approval To Up Stake In Nyanzaga To 51%

LONDON (Alliance News) - Acacia Mining PLC on Thursday said its project partner, OreCorp Tanzania Ltd, secured an approval from the Tanzanian Fair Competition Commission to increase its interest a

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28 Aug 2018 16:50

Acacia Mining Will Promote Non-Executive Director To Interim Chair

LONDON (Alliance News) - Acacia Mining PLC said Tuesday it will promote Independent Non-Executive director Rachel English to interim chair at the start of September.Kelvin Dushnisky, the at

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