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FTSE 250 movers: Petrofac flows lower, Dixons Carphone recovers

Tue, 25th Jun 2019 15:17

(Sharecast News) - London's FTSE 250 fell 0.20% lower to 19,260.82 in afternoon trade on Tuesday, with Petrofac leading the index lower.Stock in the oil services company was weaker after a mixed trading update in which it stated that trading was in line with previous guidance but warned that new order intake for the year to date reflected recent challenges in Saudi Arabia and Iraq.Analysts at Berenberg said: "Overall this a mixed update with stronger revenue in engineering & construction (E&C) and high realisations in integrated energy services likely offsetting the weaker E&C margin outlook and representing some potential upside surprise to consensus earnings for 2019. Set against this is a relatively weak order intake and higher-than-expected net debt."Shares of Royal Mail slipped after Citigroup analysts cut the stock's target price to 150p and reiterated their 'sell' rating, stating that the mail delivery firm's three and five year targets "appear ambitious" and adding that the company would face great risk in the event of a 'no deal' Brexit.Imperial Leather maker PZ Cussons dropped after being hit by an initiation at 'sell' by Panmure Gordon, with the stock's price target set at 175p.Dixons Carphone led the risers higher as it recovered from a drop caused by its profit warning last week, while Acacia, Centamin, Polymetal and Hochschild Mining all rallied amid lower interest rates, a weaker dollar and geopolitical uncertainty.Quilter climbed after Bloomberg reported that the wealth manager is considering a sale of its closed-book UK life insurance portfolio, with reports speculating that the assets could fetch about $500m.Finally, William Hill edged higher after Morgan Stanley said US casino owner Eldorado's agreed merger with Caesars makes the London-listed company's position for US sports betting "more powerful, with wider market access, boosted revenues and potential optionality on brand, database and media assets."Market MoversFTSE 250 (MCX) 19,260.82 -0.20%FTSE 250 - RisersDixons Carphone (DC.) 114.05p 5.99%Acacia Mining (ACA) 191.40p 4.99%Plus500 Ltd (DI) (PLUS) 604.80p 3.77%Centamin (DI) (CEY) 116.35p 3.65%Polymetal International (POLY) 988.40p 3.07%Senior (SNR) 231.20p 2.76%Sequoia Economic Infrastructure Income Fund Limited (SEQI) 113.00p 2.73%Quilter (QLT) 141.26p 2.54%Hochschild Mining (HOC) 190.70p 2.47%William Hill (WMH) 148.55p 2.31%FTSE 250 - FallersPetrofac Ltd. (PFC) 407.30p -6.04%Funding Circle Holdings (FCH) 223.00p -5.51%Royal Mail (RMG) 197.50p -4.27%Stagecoach Group (SGC) 121.20p -3.73%Woodford Patient Capital Trust (WPCT) 55.88p -3.66%PZ Cussons (PZC) 214.00p -3.60%Amigo Holdings (AMGO) 218.00p -3.54%Future (FUTR) 982.00p -3.54%Vivo Energy (VVO) 126.40p -3.51%Network International Holdings (NETW) 547.00p -3.19%
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10 Jul 2019 07:45

REPEAT: Barrick To Meet With Acacia Following SRK Consulting Report

(Alliance News) - Barrick Gold Corp is to meet with Acacia Mining PLC next week, it said Wednesday, following the publication of a report which valued Acacia far above Barrick's Tuesday, said

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10 Jul 2019 07:39

Barrick Gold To Meet With Acacia Following SRK Consulting Report

(Alliance News) - Barrick Gold Corp is to meet with Acacia Mining PLC next week, it said Wednesday, following the publication of a report which valued Acacia far above Barrick's Tuesday, said

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9 Jul 2019 18:11

Acacia Gives Barrick 10 Days To Mull Competent Persons Report

(Alliance News) - Acacia Mining PLC said Tuesday a competent persons report, prepared by an industry consultant, has valued its shares at 271 pence each.Shares in the miner closed 1.6% in a

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8 Jul 2019 16:52

LONDON MARKET CLOSE: Caution Prevails As Market Mulls Over US Jobs

(Alliance News) - London stocks started the new week on a cautious note after Friday's US jobs report, with traders now anticipating milder easing action from the Federal Reserve. Ocado Group

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8 Jul 2019 10:29

WINNERS & LOSERS SUMMARY: Imperial Brands Rises On Share Buyback Plans

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Imperial up 2.8%.

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8 Jul 2019 08:33

Acacia Mining Confident To Hit 2019 Output Targets Amid String Quarter

(Alliance News) - Acacia Mining PLC said Monday it was confident of achieving its 2019 gold production targets after a strong second quarter which saw its Tanzanian North Mara mine output the gold

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8 Jul 2019 07:42

LONDON MARKET PRE-OPEN: Imperial Brands, Gulf Keystone Launch Buybacks

(Alliance News) - Stock prices in London are seen opening in the red on Monday, tracking Asian equity markets sharply lower, after a strong US jobs report on Friday dented hopes the Federal will a

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5 Jul 2019 12:13

LONDON MARKET MIDDAY: Housebuilders Hurt By Slip In UK House Prices

(Alliance News) - Stocks continued to trade mostly lower at midday on Friday, as market focus remained on the US jobs report later in the day.Holding back the FTSE 100 were losses for and miners,

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5 Jul 2019 10:55

WINNERS & LOSERS SUMMARY: SIG Victim Of Weak UK Construction Market

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------Anglo down 2.6%, in

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5 Jul 2019 08:43

LONDON MARKET OPEN: Stock Open Lower As German Data Disappoints

(Alliance News) - London stock prices opened slightly lower on Friday, after a fall in German factory orders was confirmed, providing a further indication of a slowing eurozone economy, but market

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5 Jul 2019 07:54

Acacia Mining Boosts Reserves At Tanzania's North Mara Mine

(Alliance News) - Successful drilling at the North Mara mine in Tanzania has allowed Acacia Mining PLC to upgrade reserves, it said Friday.As of the end of May, North Mara's Gokona mine

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5 Jul 2019 07:40

LONDON MARKET PRE-OPEN: SIG Sells German Unit After Fall In Revenue

(Alliance News) - Stock prices in London are set to open broadly flat on Friday, following subdued trading in Asia and a holiday for Wall Street, as investors await the reopening of New York and a

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1 Jul 2019 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 2 July IMI MobileFull Year ResultsCostain GroupTrading Modwen Year Service 3 Year

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1 Jul 2019 08:49

LONDON MARKET OPEN: FTSE 100 Hits Two-Month High On US-China Truce

(Alliance News) - Stock prices in London opened sharply higher on Monday with the FTSE 100 hitting a two-month high as investors cheered a new trade detente between the US and China.The FTSE 100 a

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26 Jun 2019 13:35

Barrick Gold Responds To Acacia; Says Offer Does Reflect Fair Value

(Alliance News) - Barrick Gold Corp on Wednesday reiterated its offer for the remainder of Acacia Mining PLC is reflective of fair value, responding to a previous statement by Acacia.On had

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