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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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25 Jun 2019 16:59

LONDON MARKET CLOSE: Gold And Oil Rise As US-Iran Tensions Rumble On

(Alliance News) - It was another largely subdued session for London stocks on Tuesday as investors continue to focus on the G20 summit at the end of the week, though tensions between the US and a

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25 Jun 2019 14:01

Tuesday broker round-up

(Sharecast News) - Finablr: JP Morgan initiates at overweight with a target price of 190p.

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25 Jun 2019 11:54

LONDON MARKET MIDDAY: Gold Keeps Climbing As US-Iran Impasse Heightens

(Alliance News) - With tensions between the US and Iran rising on Tuesday, safe haven asset gold got a further boost while equities declined amid the cautious mood.The blue-chip FTSE 100 index was

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24 Jun 2019 10:42

Acacia Mining Refutes Barrick View But Still Open To "Fair" Offer

(Alliance News) - Acacia Mining PLC on Monday said it strongly disagrees with major shareholder Barrick Gold Corp's view of the company, but said an offer at a "fair" price would be

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24 Jun 2019 10:10

Acacia Mining fires back at Barrick Gold over criticism

(Sharecast News) - Acacia Mining has issued a detailed rebuttal of criticisms made by shareholder and potential suitor Barrick Gold, the latest salvo in an increasingly bitter dispute between the two miners.

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21 Jun 2019 15:19

FTSE 250 movers: Acacia sparkles, Kier slips

(Sharecast News) - London's FTSE 250 was down 0.26% at 19,333.51 in afternoon trade on Friday, as troubled construction outfit Kier led the index lower.

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19 Jun 2019 13:04

Wednesday broker round-up

(Sharecast News) - Just Eat: UBS downgrades to neutral with a target price of 650p.

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19 Jun 2019 10:57

Barrick Gold To Engage With Acacia Mining's Minority Shareholders

(Alliance News) - Barrick Gold Corp is to speak with Acacia Mining PLC's minority shareholders, it said Wednesday, over its proposal to take full control.The statement was in response 9

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19 Jun 2019 08:54

Acacia Mining Rejects Barrick Gold's Criticism Of Mining Plans

(Alliance News) - Acacia Mining PLC on Wednesday said it "strongly" disagrees with statements made by parent Barrick Gold Corp on the situation in Tanzania.On Tuesday, Barrick it

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19 Jun 2019 07:47

LONDON MARKET PRE-OPEN: Whitbread Sales Down; Berkeley Profit Slips

(Alliance News) - Stocks in London on Wednesday are set to build on the previous session's gains as traders await the latest decision from the US Federal Reserve in the wake of dovish comments

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19 Jun 2019 07:34

Acacia hits out at Barrick statements on shareholder value

(Sharecast News) - Acacia Mining on Wednesday hit back at claims from majority shareholder Barrick Gold that shareholders faced a "catastrophic" loss of value if they opposed an offer for the rest of the troubled firm.

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18 Jun 2019 17:09

Acacia Mining Approves Deadline Extension For Barrick Gold Offer

(Alliance News) - Acacia Mining PLC said Tuesday it has granted its Canadian parent Barrick Gold Corp an extension to the deadline for Barrick to make an offer for the remaining shares in Acacia a

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18 Jun 2019 15:36

Barrick Gold given extension on Acacia Mining offer

(Sharecast News) - Barrick Gold has been given more time to either announce a firm offer for Acacia Mining or walk away.

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18 Jun 2019 13:58

Tuesday broker round-up

(Sharecast News) - Acacia Mining: Berenberg upgrades to hold with a target price of 224p.

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