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FTSE 250 movers: Ibstock retreats as Pets at Home accelerates

Thu, 26th May 2016 14:30

(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months before reaching a positive plumb-line.While its directors expected another year of progress, and its full-year views were broadly unchanged, the company added that growth of UK brick sales into the key new residential sector were slower than expected due to destocking in the builders' merchant supply chain.Inchcape slipped as it noted a good start to the year, in line with expectations, was let down as figures out of its footprints in Europe and North Asia were more subdued than for UK, South Asia and Emerging Markets.The car dealer said revenue for the period 1 January to 25 May was up 12.8% to £2.47 billion, with like-for-like revenue up 12.4%.But, along with Ibstock and Mitchells & Butlers, its shares retreated they went ex-dividend on Thursday.For the pub company this somewhat undermined an HSBC upgrade of its shares the previous day to 'buy' from 'hold,' accompanied with a new target price of 340p, from 300p.To the upside, shares in Pets at Home improved as it hiked its full-year pre-tax profit to £92.1 million, from £90.2 million. Revenue was £793.1 million, from £777.8 million.Paypoint managed gains, too, as the market digested Wednesday's news of an impairment-dented set of full-year results. Pre-tax profit slumped to £8.2 million, from £49.6 million, with the mobile payments business booking a £30.8 million impairment in the absence of a sale.B&M European Value Retail, the discounter chaired by Sir Terry Leahy, was ahead after declaring a special dividend as it posted final results showing strong sales, profits and cash generation.Shares in Paysafe rallied after it said on Wednesday that full-year revenue and earnings were seen to be ahead of market consensus.In a trading update, Paysafe said it saw revenue at $950-$970 million, and adjusted earnings before interest, tax, depreciation and amortisation at $270-$276 million.Electrocomponents was ahead after it was upgraded to 'sector perform' from 'underperform' by RBC Capital Markets, which lifted its target price to 270p from 185p.FTSE 250 - RisersThomas Cook Group (TCG) 75.75p 4.20%Pets at Home Group (PETS) 259.30p 4.01%Kaz Minerals (KAZ) 154.90p 3.96%PayPoint (PAY) 903.00p 3.32%Electrocomponents (ECM) 292.00p 3.29%OneSavings Bank (OSB) 319.10p 3.27%Polymetal International (POLY) 826.50p 3.05%Aldermore Group (ALD) 216.10p 3.05%B&M European Value Retail S.A. (DI) (BME) 290.30p 2.83%Paysafe Group (PAYS) 417.60p 2.58%FTSE 250 - FallersIbstock (IBST) 202.00p -9.70%Electra Private Equity (ELTA) 3,790.00p -4.17%Restaurant Group (RTN) 357.50p -3.51%Amec Foster Wheeler (AMFW) 456.20p -3.27%Rathbone Brothers (RAT) 1,937.00p -3.15%Spectris (SXS) 1,660.00p -3.09%Genus (GNS) 1,524.00p -2.93%Mitchells & Butlers (MAB) 291.40p -2.67%Inchcape (INCH) 694.00p -2.66%Jimmy Choo (CHOO) 115.50p -2.61%

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11 Nov 2016 09:55

Friday broker round-up

(ShareCast News) - Imperial Brands: JP Morgan keeps at neutral with a target price of 3660p. Standard Life: Berenberg stays at buy 416p target. Barclays: Societe Generale upgrades to buy with a 235p target. UBM: Barlcays reiterates equal-weight with a 755p target. Derwent London: Goldman Sachs ke

10 Nov 2016 14:35

Broker tips: Bovis Homes, Aldermore, miners

(ShareCast News) - Numis reiterated an 'add' rating and a target price of 939p on Bovis Homes on Thursday after the housebuilder reported a full year trading update. The company said it expects to deliver record revenues in 2016 as the backdrop for UK housebuilding continues to be positive, with dem

10 Nov 2016 09:41

RBC Capital ups Aldermore to 'outperform' after Q3 results

(ShareCast News) - RBC Capital Markets upped its stance on Aldermore to 'outperform' from 'sector perform' and lifted the price target to 210p from 190p after the challenger bank's third-quarter update. The bank pointed to strong growth in the quarter and reassuring guidance from the group for the f

10 Nov 2016 08:58

Aldermore increases new lending to business customers

(ShareCast News) - Retail bank Aldermore's new lending to business customers increased in the year to date, while capital growth rose in the third quarter. For the nine months ended 30 September, net loans were up 15% to £7.1bn, compared to the same period last year, due to greater levels of new len

10 Nov 2016 08:39

LONDON MARKET OPEN: Stocks Add To Trump Bounce

10 Nov 2016 08:01

Aldermore Sees No Slowdown In Demand As New Lending Increases

8 Nov 2016 08:00

Glyn Jones signals exit from Aldermore

(ShareCast News) - Aldermore Group announced on Tuesday that on 7 November, Glyn Jones tendered his resignation as non-executive chairman and director of the company, with effect from 6 February 2017. The FTSE 250 firm said Jones has decided to step down from the board following a review of his time

26 Oct 2016 09:12

Banks' mortgage approvals rebound from low, BBA data shows

(ShareCast News) - Mortgage approvals from high street banks rebounded slightly in September, according to data from high street banks, after hitting a 19-month low in August. The British Bankers' Association (BBA) revealed mortgage approval numbers in September of 38,252, which was up from 37,241 i

25 Oct 2016 11:46

Credit Suisse sees rising risks for challengers banks Aldermore, Shawbrook

(ShareCast News) - OneSavings Bank received an upgrade but Aldermore and Shawbrook were downgraded by Credit Suisse as it warned the risks facing the UK's challenger banks were "becoming harder to ignore" heading into 2017. Following solid share price recoveries in recent months, the risk-reward for

25 Oct 2016 07:15

LONDON BRIEFING: Pound And Shares Firm Ahead Of UK Airport Decision

18 Oct 2016 16:17

Sector movers: Retailers rise to the top

(ShareCast News) - Retailers led gains in the market, with Tesco and Sainsbury leading the pack north on the heels of the latest sector survey results. During the last three months the former notched up its first market share gain in five years, with sales by 1.3% and market share by 0.1 percentage

5 Oct 2016 16:07

LONDON MARKET CLOSE: Investors Cash In Profit While Pound Hits New Low

4 Oct 2016 10:37

Barclays ups Aldermore and OneSavings to 'overweight'

(ShareCast News) - Barclays upgraded challenger banks Aldermore and OneSavings Bank to 'overweight' from 'equalweight' as it took a look at UK specialist lenders. 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 se

23 Sep 2016 08:34

RBC ups targets on specialty lenders due to UK economic resilience

(ShareCast News) - Analysts at RBC revised their price targets for UK challenger banks higher as a result of the resilience shown thus far by the economy and the support provided by the Bank of England. The broker also revised its forecasts higher for Aldermore,Close Brothers and Shawbrook. "While

6 Sep 2016 13:25

Tuesday newspaper share tips: Lloyds, Aldermore, Hunting

(ShareCast News) - Lloyd's Banking Group will continue to struggle as downgrades from two brokers showed, sending its shares promptly lower, according to The Telegraph's Questor column. Things had been looking up for potential investors in the bank at the start of the year as the government prepa

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FTSE 250 movers: Ibstock retreats as Pets at Home accelerates

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