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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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Bumper Q3 for Aldermore loan book, analyst sees more ahead

(ShareCast News) - Bumper lending conditions and a refreshed product offering have seen net lending re-accelerate at Aldermore Group in Q3 2015. The challenger bank announced Thursday morning that its loan book grew by £0.4bn to £5.8bn - up by 20% or £1bn for the first nine months of the year. "Gro

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12 Nov 2015 08:20

Aldermore On Track To Meet Net Loan Growth Target For 2015

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22 Oct 2015 07:51

UK bank sector lacking competition but CMA report falls short of major changes

(ShareCast News) - Consumers and small businesses are still suffering from a lack of competition in the UK banking sector, competition authorities said in a report on Thursday that called for banks to retain free bank accounts and making proposals to force banks to help customers to shop around for

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29 Sep 2015 14:29

Broker tips: Glencore, HSBC, Barclays, Aldermore

(ShareCast News) - Commodity trader Glencore took a beating on Monday, falling to its lowest level since its IPO in 2011, after Investec said the company's equity value is zero at current spot prices, but two analysts came out in its defence on Tuesday. Citi, which rates the stock at 'buy', said the

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29 Sep 2015 14:27

Investec starts coverage of Aldermore at 'buy'

(ShareCast News) - Aldermore is often described as a "challenger" to the larger UK banking groups but in reality it is largely unaffected by them, Investec said. At least in the short-to-medium term, that should continue to be the case, meaning the shares are trading at an excessive discount versus

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29 Sep 2015 08:38

BROKER RATINGS SUMMARY: S&P Capital IQ Raises Shell To Buy From Hold

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29 Sep 2015 07:28

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11 Sep 2015 12:52

Challenger banks reportedly request extension to Funding for Lending scheme

(ShareCast News) - Challenger banks have reportedly requested an extension to the government's flagship industry funding scheme during a meeting at which they expressed their anger over Chancellor George Osborne's plans for an 8% Corporate Tax surcharge on profits of more than £25m. According to Sky

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11 Sep 2015 11:35

PRESS: Private Equity Firms Sell 15% Stake In Aldermore - Reuters (ALLISS)

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11 Sep 2015 07:57

AnaCap Funds places Aldermore shares at 286p

(ShareCast News) - Two sellers, including AnaCap funds are said to have sold 50.9m shares in Aldermore via Deutsche Bank and RBC at 286p, according to traders. AnaCap is said to have placed a 15% stake (40.9m shares) in the lender, holding on to its remaining 37.85%. -- More to follow --

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