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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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(ShareCast News) - London's mid-cap index was up 1.7% to 17,084.45 at 1450 BST, tracking broader gains in the market as last week's disappointing nonfarm payrolls report prompted investors to push back expectations of a Federal Reserve rate hike. Kaz Minerals shot higher as copper prices added 1% ei

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5 Oct 2015 09:42

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5 Oct 2015 08:29

Allied Minds subsidiary Precision Biopsy raises USD33.6m

(ShareCast News) - Allied Minds' subsidiary Precision Biopsy has raised $33.6m to accelerate the commercial expansion of its ClariCore biopsy system. Allied Minds contributed around $16.6m to Precision Biopsy, upping the value of its 68.3% holding in the subsidiary to $61.8m from $45.6m. ClariCore

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5 Oct 2015 07:33

LONDON MARKET OPEN: Shares Gain As Glencore Leads Miners

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5 Oct 2015 06:51

Allied Minds Says Subsidiary Precision Biopsy Raises GBP33.6 Million

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1 Oct 2015 13:43

FTSE 250 movers: Tullow Oil rockets, but BBA Aviation crashes on broker downgrade

(ShareCast News) - London's FTSE 250 index was up 0.7% to 16,791.70 at 1525 BST on Thursday, as the broader market bounced back from recent losses and got a boost from better-than-expected UK manufacturing data. Shares in oil exploration and production company Tullow Oil rocketed after it said its l

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24 Sep 2015 14:03

FTSE 250 movers: Tate & Lyle in a sweet spot, but Poundland tumbles

(ShareCast News) - London's FTSE 250 index was down 0.8% to 16,522.30 at 1524 BST, in line with the broader market. Tate & Lyle was in a sweet spot after Liberum upgraded the stock to 'buy' from 'sell' and lifted its price target to 670p from 505p. "While history is disappointing - four profit warni

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23 Sep 2015 07:59

Allied Minds subsidiary announces new collaboration

(ShareCast News) - Federated Wireless has announced it is collaborating with the National Advanced Spectrum and Communications Test Network (NASCTN). Both the Allied Minds subsidiary and NASCTN will be working together on the first pilot test of an Environmental Sensor Capability for the company's S

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23 Sep 2015 06:51

Allied Minds' Federated Wireless Inks Deal With US Spectrum Network

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22 Sep 2015 16:20

Allied Minds slammed by US hedge fund

(ShareCast News) - New York-based hedge fund Kerrisdale Capital has slammed science and technology development and commercialisation company Allied Minds, calling it a "dressed-up collection of high-risk, low-reward gambles". The report has sent the FTSE 250 listed company's stock plummeting on Tues

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22 Sep 2015 16:11

LONDON MARKET CLOSE: Commodities And Pharma Push FTSE 100 Below 6,000

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22 Sep 2015 15:43

FTSE 250 movers: IG rallies on well-received update, Kaz Minerals tumbles

(ShareCast News) - London's FTSE 250 was in the red on Tuesday. At 1600 BST, the index was down 1.9% at 16,569.59, in line with the broader market, as mining stocks took a hit. IG Group was the standout gainer after the trading firm posted an increase in revenue in the first three months of the year

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22 Sep 2015 13:59

Allied Minds Shares Drop After Criticisms By Hedge Fund Kerrisdale

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17 Sep 2015 14:19

FTSE 250 movers: Ocado surges on back of positive broker notes

(ShareCast News) - The FTSE 250 index was down 20.12 points, or 0.12%, to 17,041.85 mid-trading Thursday afternoon. Leading the risers was online grocery delivery company Ocado Group, which surged today on the back of positive notes from Morgan Stanley and Deutsche Bank. Vehicle hire group North

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