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FTSE 250 movers: Exporters exce but OneSavings tops the list

Tue, 04th Oct 2016 16:04

(ShareCast News) - Boosted by another plunge in the pound that is expected to prop up exporters, the FTSE 250 was 1.66% higher late on Tuesday.Exporting companies that were high in the leaderboard included European-focused lender International Personal Finance, equipment rental group Aggreko, which does the majority of its business overseas, and Renishaw, which makes only a fraction of its sales from the UK.Another, Diploma, said in August that moves in currency rates were expected to add circa 4% to last year's group revenues, driven by the substantial decline in UK sterling since the Brexit decision in June 2016, so a return to 30-year lows was taken as more good news for the current period.Topping these risers, was OneSavings Bank as it was helped higher by a Barclays upgrade, which also encompassed fellow challenger bank Aldermore, both up to 'overweight' from 'equalweight'.The bank upped its price target on OneSavings to 340p from 235p, noting the shares have been sold off sharply in 2016 on fears of a strong reversal in buy-to-let volumes, Brexit and potential changes to BTL risk weightings.The stock is now down 25% year-to-date and on a price-to-earnings multiple of around 6x 2017 earnings looks particularly cheap, Barclays said.It lifted its price target for Aldermore to 200p from 150p and said it should benefit from growth in the specialist buy-to-let and SME segments where demand is underserved.Warm words from Credit Suisse and a higher target price also lifted Electrocomponents."We had previously flagged Electrocomponents as a stock where there was significant upside potential to profitability given the underperformance that had built up over time."Following the recent 'positive profit warning', analysts have increased their EPS estimates by nearly 20% and raised the price target to 330p from 270p.As the stock market enjoyed one of its biggest risk-on days for a while, this saw a decline in traditional 'safe havens' such as gold. Acacia Mining, Hochschild Mining and Centamin all saw their stock fall as a result. FTSE 250 - RisersOneSavings Bank (OSB) 286.90p 6.77%International Personal Finance (IPF) 289.00p 6.45%Brown (N.) Group (BWNG) 199.90p 5.71%Allied Minds (ALM) 353.80p 5.45%Diploma (DPLM) 955.00p 5.06%Renishaw (RSW) 2,890.00p 5.01%Aggreko (AGK) 994.00p 4.74%Ted Baker (TED) 2,587.00p 4.48%Electrocomponents (ECM) 360.40p 4.34%FirstGroup (FGP) 110.80p 4.33%FTSE 250 - FallersAcacia Mining (ACA) 476.60p -6.18%Hochschild Mining (HOC) 278.80p -4.85%Centamin (DI) (CEY) 146.60p -3.68%Henderson Group (HGG) 263.50p -2.66%NCC Group (NCC) 358.80p -2.45%Phoenix Group Holdings (DI) (PHNX) 866.00p -2.04%Ibstock (IBST) 170.20p -1.62%Kaz Minerals (KAZ) 233.10p -1.23%Telecom Plus (TEP) 1,126.00p -0.88%Shawbrook Group (SHAW) 247.10p -0.64%
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6 Mar 2019 08:35

Aggreko Holds 2018 Payout As Profit, Revenue Rise Ahead Of Guidance

LONDON (Alliance News) - Temporary power unit renter Aggreko PLC held its 2018 dividend steady on Wednesday after the positive momentum reported at the half year continued.In 2018, pretax a

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27 Feb 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 28 February British American TobaccoFull Year ResultsCRHFull Year Year Insurance

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13 Feb 2019 10:37

Serco Boss Rupert Soames Joins Board Of DS Smith As Non-Exec Director

LONDON (Alliance News) - Packaging firm DS Smith PLC on Wednesday announced the appointment of Serco Group PLC Chief Executive Rupert Soames as non-executive director.Soames has previously

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7 Feb 2019 14:52

Liontrust Investment Partners Acquires 5.2% Interest In Aggreko (ALLISS)

LONDON (Alliance News) - Aggreko PLC on Thursday said Liontrust Investment Partners LLP has picked up a 5.2% stake in the temporary power unit renter in a deal on Tuesday.Shares in Aggreko

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22 Jan 2019 13:35

Aggreko runs out of power after Peel Hunt downgrade

(Sharecast News) - Aggreko ran out of power on Tuesday after Peel Hunt downgraded its stance on the stock to 'reduce' from 'hold' and cut the price target to 700p from 800p as it argued that challenges remain "significant".

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22 Jan 2019 10:27

WINNERS & LOSERS SUMMARY: easyJet Climbs On First-Quarter Revenue Rise

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 4.5%. The low-cost airline reaffirmed for

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22 Jan 2019 09:02

LONDON MARKET OPEN: Stocks Lower After IMF Warning; BHP Drags Miners

LONDON (Alliance News) - Stock in London were lower in early trade Tuesday following a downbeat global economic outlook by the IMF on Monday, highlighting US-China trade tensions and the risk of a

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14 Dec 2018 07:24

Aggreko secures Tokyo Olympics contract

(Sharecast News) - Aggreko said on Friday that its subsidiary, Aggreko Events Services Japan Limited (AESJL), has been awarded the supply contract for temporary electricity generation by The Tokyo Organising Committee for the Olympic and Paralympic Games.

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6 Nov 2018 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 7 November Dairy CrestHalf Year ResultsITVQ3 ResultsMarks 8 9

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16 Oct 2018 10:50

WINNERS & LOSERS SUMMARY: Meggitt Up 5% After Raising Revenue Forecast

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - down 2.8%. The supermarket chain was lower the

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9 Oct 2018 12:18

Ashtead Group Appoints Serco CFO As Non-Executive Director

LONDON (Alliance News) - Industrial equipment rental firm Ashtead Group PLC said Tuesday it appointed Angus Cockburn as a non-executive director with immediate effect.Cockburn serves as of

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13 Sep 2018 13:19

Thursday broker round-up

(Sharecast News) - Grainger: Numis upgrades to buy with a target price of 369p.

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21 Aug 2018 16:56

LONDON MARKET CLOSE: Pound, BHP Keep FTSE From Joining European Peers

LONDON (Alliance News) - The FTSE 100 on Tuesday lagged its European counterparts, the foreign earner-heavy index weighed down by a weaker dollar as well as losses for miner BHP on the of its

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21 Aug 2018 13:18

Tuesday broker round-up

(Sharecast News) - Aggreko: HSBC upgrades to buy with a target price of 1,050p.

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21 Aug 2018 12:06

HSBC says Aggreko woes are cyclical as it upgrades to 'buy'

(Sharecast News) - Most of Aggreko's problems are cyclical rather than strategic, HSBC said as it upgraded the generator hire company to 'buy'.

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