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FTSE 250 movers: Ocado keeps falling, Allied Minds lifted by paper tip

Mon, 04th Jan 2016 14:10

(ShareCast News) - With less exposure to international companies than the blue chip benchmark, the FTSE 250 index was down 1.5% by mid afternoon, compared to the 2%-plus dip of the FTSE 100.Worries about China were the cause of the widespread losses in London, Europe and the US on Monday, but the UK midcap index's main fallers were retail-focused.Online grocer Ocado continued its recent decline, with a 5.9% fall on Monday meaning the company has slipped almost 16% since last week when US giant Amazon first revealed plans to accelerate its UK grocery strategy.Property investment company CLS Holdings, which has almost 60% of its portfolio focused on the London property market, was the second largest loser, despite no specific news on the stock.Fidelity China Special Situations was one of the few direct victims of the earlier Chinese stock market wobble in the FTSE 250, down almost 5%. The investment trust hit a high of 179.778p last May before being hit by the summer correction in the People's Republic, since when it has steadily crept higher.The risers were being topped on Monday by Allied Minds, which was lifted by a recommendation as one of the Midas tips for 2016 in the Mail on Sunday. Although its shares have been hit hard last year, Allied Minds's has the support of many major investors for its portfolio of 23 companies spun out to commercialise technology developed by US government departments and major universities.Another weekend recommendation, Keller, was also on the front foot. The US-focused construction group was tipped by Questor in the Sunday Telegraph as one of six shares that should outperform the market in 2016. Throwing off cash and with a powerful dividend record, the company is trading at an undemanding nine times forward earnings and as a specialist in building flood defences the company could benefit from forces in the UK as well as the recovery in the US economy.Oil and gas explorer and producer Cairn Energy revealed results from well tests offshore Senegal that demonstrate the ability of the reservoirs to flow at commercially viable rates. Cairn said drill-stem testing was carried over a 12 metre interval which produced a stabilised but constrained oil flow rate of 8,000 barrels per day of high quality pay.Elsewhere in the resources sector, Tullow Oil was helped by comments from Macquarie, which said the stock remained its preferred play on a 12-month basis "due to the prevalence of near-term catalysts and opportunities for value creation". FTSE 250 - RisersAllied Minds (ALM) 422.40p 5.60%Entertainment One Limited (ETO) 176.00p 5.39%Grainger (GRI) 243.00p 4.38%Keller Group (KLR) 864.50p 3.72%Cairn Energy (CNE) 162.50p 3.04%Tullow Oil (TLW) 170.20p 2.72%Acacia Mining (ACA) 183.50p 1.94%TalkTalk Telecom Group (TALK) 220.60p 1.47%NMC Health (NMC) 851.00p 1.25%Centamin (DI) (CEY) 65.20p 1.24%FTSE 250 - FallersOcado Group (OCDO) 286.30p -5.85%CLS Holdings (CLI) 1,725.00p -5.22%Lookers (LOOK) 175.60p -5.08%Fidelity China Special Situations (FCSS) 136.60p -4.87%Atkins (WS) (ATK) 1,556.00p -4.31%Weir Group (WEIR) 957.00p -4.30%Genus (GNS) 1,489.00p -4.18%Mitchells & Butlers (MAB) 330.70p -4.17%Brown (N.) Group (BWNG) 296.90p -4.01%Sophos Group (SOPH) 251.70p -3.93%
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4 Feb 2016 10:28

WINNERS & LOSERS SUMMARY: Shell Gains As Earnings Meet Expectations

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4 Feb 2016 08:51

Allied Minds demonstrates new memory technology

(ShareCast News) - A new, more versatile form of memory, with potential applications from smartphones to the automotive industry, was a step closer on Thursday, with Allied Minds announcing the successful demonstration of a prototype of 'Spin Transfer Magneto-Resistive Random Access Memory' (ST-MRAM

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4 Feb 2016 07:54

Allied Minds Subsidiary Achieves Success With New Memory Technology

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3 Feb 2016 16:14

FTSE 250 movers: Banking and investment firms drive market down

(ShareCast News) - The FTSE 250 was down 289.58 points (1.78%) to 16,010.10 shortly before the close on Wednesday. Allied Minds continued to fall after rising earlier in the week on the back of news its subsidiary Federated Wireless completed a successful $22m (£15.4m) Series A Preferred fundraising

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2 Feb 2016 15:33

FTSE 250 movers: Investors worried about Ocado Smart Platform partners

(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 249.75 points (1.51%) to 16,239.51 points by mid-afternoon. Despite posting double-digit revenue growth for the year through "challenging market conditions", shares in Ocado Group were down over 8%. T

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1 Feb 2016 15:13

FTSE 250 movers: Vedanta and Just Eat fall on broker notes

(ShareCast News) - The FTSE 250 started the month in the red, down 68.05 points (0.41%) to 16,419.67 by mid-afternoon on Monday. Vedanta Resources sank after Deutsche Bank cuts its target price for the mining company from 200p to 185p on lower than expected iron ore sales. The bank said Vedanta now

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1 Feb 2016 14:13

Broker tips: Allied Minds, Premier Oil, Domino's, Just Eat

(ShareCast News) - Shares in Allied Minds gained on Monday as Numis reiterated the stock at 'buy' after the company announced a successful $22m (£15.4m) fundraising for its subsidiary Federated Wireless. The US-based FTSE 250 science and technology developer invested $5m in the fundraising and the r

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1 Feb 2016 12:41

Numis reiterates 'buy' at Allied Minds

(ShareCast News) - Shares in Allied Minds gained on Monday as Numis reiterated the stock at 'buy' after the company announced a successful $22m (£15.4m) fundraising for its subsidiary Federated Wireless. The US-based FTSE 250 science and technology developer invested $5m in the fundraising and the r

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1 Feb 2016 12:07

LONDON MARKET MIDDAY: BT Group Leads Blue-Chips In Mixed Market

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1 Feb 2016 10:20

WINNERS & LOSERS SUMMARY: BT Shares Up As Profit And Revenue Rise

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1 Feb 2016 08:07

Allied Minds raises £15m to develop wireless technology

(ShareCast News) - Allied Minds was looking at a beefed-up Federated Wireless subsidiary on Monday, announcing the a successful $22m (£15.4m) Series A Preferred fundraising round for the firm. The US-based FTSE 250 science and technology developer said the equity had come from investors including Wo

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1 Feb 2016 07:42

Allied Minds Invests In USD22 Million Federated Wireless Fundraising

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3 Jan 2016 14:47

Sunday share tips: Persimmon, Vodafone, McBride, Telford Homes

(ShareCast News) - Now might be the right time to sell Persimmon shares, said the Sunday Times' Inside the City column, with a trading update due on Thursday. Investors in the house builder have seen the price triple in the last three years and received £800m in dividends. Persimmon was one of three

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5 Oct 2015 16:03

London close: Stocks end higher despite negative services data

(ShareCast News) - UK stocks gained as the market proved resilient against a batch of negative services data on hopes the Federal Reserve will keep interest rates unchanged for longer. The Markit/CIPS UK services purchasing managers' index fell to 53.3 in September from 55.6 in August, compared to a

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