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FTSE 250 movers: Betfair hit by downgrade, oil and energy stocks higher

Fri, 05th Jun 2015 12:58

Mid-caps were under pressure on Friday, following news that OPEC would not curb oil production and that Greece had opted to defer payment on €300m owed to the International Monetary Fund until Friday.Sector-wise gains made by oil, energy and mining stock were eradicated by weakness in telecommunications, real estate and retail stocks.As of 16:30 BST, the FTSE 250 was trading 0.85% lower to 17,937 points.Oil and energy stocks including Premier Farnell, Riverstone Energy, Infinis Energy and Hunting surged despite OPEC deciding not to cut oil production at its meeting on Friday. Oil futures were also higher across the board.Betfair Group dipped as analysts at Numis Securities downgraded their rating on the stock to "sell", although the broker also increased its price target from 1,620p to 2,100p.Halfords was boosted as it posted record annual sales topping £1bn, driven by higher demand for bikes. The group hit its revenue target 12 months early following a three year turnaround programme to upgrade its stores and expand its product ranges.Poundland was making gains as The Capital Group Companies lifted its stake in the discount retailer to 4.77% from less than 4%.Allied Minds rose as Kevin Sharer, former chairman and chief executive officer of Amgen joined the board as a non-executive director.RisersInfinis Energy (INFI) 188.00p +2.96%Hunting (HTG) 633.00p +2.93%Evraz (EVR) 161.80p +2.80%Telecom Plus (TEP) 830.00p +2.28%Thomas Cook Group (TCG) 146.80p +2.16%Premier Farnell (PFL) 195.50p +2.14%BlackRock World Mining Trust (BRWM) 310.80p +2.04%Euromoney Institutional Investor (ERM) 1,200.00p +2.04%Poundland Group (PLND) 301.60p +1.89%Rotork (ROR) 257.50p +1.86%FallersJust Eat (JE.) 426.80p -4.65%Betfair Group (BET) 2,524.00p -4.57%TalkTalk Telecom Group (TALK) 392.40p -4.01%Enterprise Inns (ETI) 129.80p -2.92%BTG (BTG) 687.50p -2.83%Provident Financial (PFG) 2,866.00p -2.78%Just Retirement Group (JRG) 168.70p -2.77%St. Modwen Properties (SMP) 438.50p -2.71%Big Yellow Group (BYG) 634.50p -2.68%Elementis (ELM) 296.20p -2.66%

More News

24 Oct 2016 08:30

Allied Minds raises £5m from Neil Woodford for prostate cancer technology

(ShareCast News) - Star UK fund manager Neil Woodford has bought £5m of new shares in Allied Minds subsidiary Precision Biopsy. Woodford Investment Management, which is already a substantial shareholder in FTSE 250-listed Allied Minds purchased 0.95m preference shares in Precision Biopsy. Having de

29 Sep 2016 08:12

Allied Minds partners with GE Ventures to commercialise emerging tech

(ShareCast News) - FTSE 250 intellectual property company Allied Minds partnered with General Electric's venture capital subsidiary to commercialise next generation technologies. Allied Minds and GE Ventures agreed to invest in new and existing technologies from each of their innovation pipelines.

25 Aug 2016 08:05

Allied Minds losses increase but focus remains on future potential

(ShareCast News) - Allied Minds, the university and government technology commercialisation specialist, reported an increased loss, smaller revenue and flat value of its investment assets over the first half of the year. However, the company remains more firmly focused on investing in its various as

22 Aug 2016 07:07

Allied Minds secures debt funding and raises funds for drug programme

(ShareCast News) - Venture capital-style investor Allied Minds has arranged a one-year debt facility Silicon Valley Bank in the US, while its drug discovery subsidiary has raised funds for its leading project from institutional investors. Secured over certain group assets, the $20m one-year facility

1 Aug 2016 08:12

Allied Minds investment SciFluor gets nod from FDA

(ShareCast News) - Life science and technology investor Allied Minds announced on Monday that one of its key subsidiaries, SciFluor Life Sciences, has achieved the necessary scientific and regulatory milestones to enter clinical trials. The FTSE 250 company said SciFluor's Investigational New Drug a

13 Jun 2016 16:35

DIRECTOR DEALINGS: Allied Minds COO Marc Eichenberger Sells Shares

27 May 2016 15:30

FTSE 250 movers: Phoenix Group firms on AXA Wealth deal

(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth

25 May 2016 10:04

Allied Minds announces successful completion of feasibility programme

(ShareCast News) - Allied Minds' partnership with Bristol-Myers Squibb (BMS), Allied-Bristol Life Sciences, has successfully completed the drug candidate feasibility programme ABLS II and has approved up to $15m to fund further development of the lead optimisation programme. ABLS II is seeking to de

25 May 2016 07:08

Allied Minds Approves USD15 Million Funding For Allied-Bristol

19 May 2016 15:03

AGM, EGM Calendar - Week Ahead

13 May 2016 11:42

DIRECTOR DEALINGS: Allied Minds COO Sells 49,242 Shares

26 Apr 2016 09:30

WINNERS & LOSERS SUMMARY: Cobham Crushed On Weak Profit, Rights Issue

26 Apr 2016 08:47

Allied Minds secures £55m funding for up to ten new drugs

(ShareCast News) - Science and technology development and commercialisation company Allied Minds announced a fresh $80m (£55m) of investment commitments on Tuesday, received through its newly-formed subsidiary ABLS Capital. The FTSE 250 firm said the funding would allow up to ten potential lead opti

26 Apr 2016 06:50

Allied Minds Secures USD80 Million Commitments For Drug Development

25 Apr 2016 14:07

FTSE 250 movers: Ted Baker boosted as strike threat hits Wood Group

(ShareCast News) - The FTSE 250 remained in the black in afternoon trading on Monday, though some stocks were under the pump as crude and copper prices fell. Ted Baker was one of the leading risers, after analysts at Jefferies upgraded the stock to 'buy' from 'hold', though they did cut the price ta

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FTSE 250 movers: Betfair hit by downgrade, oil and energy stocks higher

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