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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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9 May 2019 11:58

LONDON MARKET MIDDAY: Stocks Dip As Latest US-China Talks Get Underway

LONDON (Alliance News) - Threats from the US that China "will be paying" for allegedly walking back on trade promises kept European stocks subdued at midday, with ex-dividends weighing a

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9 May 2019 10:47

WINNERS & LOSERS SUMMARY: RSA Insurance Makes Good Start To 2019

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------RSA up in

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9 May 2019 09:43

Acacia shines in April; seeks clarity on Barrick CEO Tanzania comments

(Sharecast News) - Acacia Mining reported a jump in April gold production, boosted by a 54% increase in output from its North Mara gold mine in Tanzania.

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9 May 2019 09:17

Acacia Mining Gold Production Rebounds With 37% Increase In April

LONDON (Alliance News) - Acacia Mining PLC on Thursday said its gold production improved significantly since the start of the second quarter due to the successful implementation of a revised plan

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7 May 2019 12:36

Tuesday broker round-up

(Sharecast News) - Domino's Pizza Group: Peel Hunt downgrades to add with a target price of 300p.

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25 Apr 2019 10:38

WINNERS & LOSERS SUMMARY: Sainsbury's Drops After Asda Merger Blocked

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 0.3%. The information and analytics it -

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25 Apr 2019 08:52

Operational Problems Lead To Fall In Acacia Mining Quarterly Earnings

LONDON (Alliance News) - A number of operational issues held back Acacia Mining PLC's production in the first quarter of 2019, the miner said Thursday.Acacia produced 104,899 ounces of

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25 Apr 2019 07:04

Acacia profits fall after lower Q1 production

(Sharecast News) - Africa-focused Acacia Mining said first quarter gold production fell 13% year on year to 104,899 ounces, but still expected to meet full year guidance of of 500,000 to 550,000 ounces.

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23 Apr 2019 15:04

FTSE 250 movers: oilers gush higher, Funding Circle falters

(Sharecast News) - London's FTSE 250 index was down 0.14% at 19,863.81 in afternoon trade on Tuesday, as oil companies led the benchmark index higher on the back of a jump in the price of black gold.

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18 Apr 2019 16:11

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 19 April no events scheduled  Monday 22 events 23 GroupTrading

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15 Apr 2019 16:47

LONDON MARKET CLOSE: Quiet Start To Week; IWG Surges On Unit Sale

LONDON (Alliance News) - Stock prices in London closed mixed on Monday in an unenergetic start to the week, despite FTSE 250-listed IWG surging a fifth on the sale of its Japanese

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15 Apr 2019 12:54

Monday broker round-up

(Sharecast News) - Compass Group: Barclays downgrades to equal weight with a target price of 1,850p.

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15 Apr 2019 12:12

LONDON MARKET MIDDAY: Miners Weigh On FTSE 100; IWG Shines In Midcaps

LONDON (Alliance News) - Stocks in London were marginally higher at midday on Monday, with miners restricting gains in the FTSE 100 and IWG leading the FTSE 250.The FTSE 100 index

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15 Apr 2019 10:40

WINNERS & LOSERS SUMMARY: IWG Up On GBP320 Million Japanese Unit Sale

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 0.8%. The advertising and marketing firm a

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15 Apr 2019 09:02

Acacia Mining Quarterly Production Falls Sharply On North Mara Woes

LONDON (Alliance News) - Acacia Mining PLC said Monday its production in the first quarter was 13% lower than the year before due to lower production at its North Mara and Buzwagi mines in the to

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