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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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20 Jun 2019 10:17

Allied Minds Chair, Non-Exec Retire As Board Slimmed In Cost Cutting

(Alliance News) - Intellectual property commercialisation firm Allied Minds PLC said Thursday its chair will retire, alongside a non-executive director, as part of an effort to cut Peter Dolan and

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11 Jun 2019 09:54

CORRECT (Jun 10): St James's Place Reports Voting Rights In UK Firms (ALLISS)

(Correcting that only voting rights were affected. There has been no change of ownership.)LONDON (Alliance News) - FTSE 100-listed asset manager St James's Place PLC on Monday notified

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10 Jun 2019 17:30

UPDATE: St James's Place In Series Of Trades Amid Fund Manager Change

LONDON (Alliance News) - FTSE 100-listed asset manager St James's Place PLC announced Monday it had undertaken a flurry of trades across a number of investments last Wednesday amid a shake-up

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10 Jun 2019 16:04

St James's Place In Flurry Of Trades Amid Fund Management Shake-Up (ALLISS)

LONDON (Alliance News) - FTSE 100-listed asset manager St James's Place PLC announced Monday it had undertaken a flurry of trades across a number of investments last Wednesday amid a shake-up

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10 Jun 2019 13:33

Woodford Raises GBP500 Million From Flurry Of London Share Sales (ALLISS)

LONDON (Alliance News) - Over the past week, fund manager Neil Woodford's Woodford Investment Management has conducted a fire sale of its stakes in 20 London-listed companies - raising in of -

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10 Jun 2019 08:54

Allied Minds Appoints New Co-CEOs And Scraps Long Term Incentive Plan

LONDON (Alliance News) - Allied Minds PLC on Monday said it has promoted both its chief financial officer and general counsel to co-chief executive officer, and also announced the end of its long

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12 May 2019 16:39

Sunday newspaper round-up: Metro Bank, BT Group, NHS

(Sharecast News) - Metro Bank has been forced to reassure customers their money is safe, acting quickly to quash what it described as false rumours on social media about its financial health. It said plans to raise £350m from investors to shore up its finances were "well advanced".- The Guardian

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23 Apr 2019 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 24 April PetropavolskFull Year ResultsBoohoo GroupFull Year HealthFull

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7 Feb 2019 09:12

Allied Minds Reduces Costs As It Invests In Two Developers

LONDON (Alliance News) - Allied Minds PLC on Thursday said it has significantly reduced its operating costs to further improve cash and progress on the funding of its portfolio.The property

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4 Dec 2018 10:38

Allied Minds Investee HawkEye Launches Pathfinder Satellite Cluster

LONDON (Alliance News) - Allied Minds PLC on Tuesday said its portfolio company HawkEye 360 Inc has launched its Pathfinder mission to deliver a unique source of radio frequency mission is company

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27 Sep 2018 10:31

Allied Minds Reports Large Swing To Gain On New Accounting Methods

LONDON (Alliance News) - Intellectual property commercialization company Allied Minds PLC on Thursday reported a large swing to finance income from a loss previously, due to a change in accounting

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24 Sep 2018 11:05

Tech veteran Kispert to chair Allied Minds subsidiary

(Sharecast News) - Allied Minds announced on Monday that its subsidiary, Spin Transfer Technologies, had appointed John Kispert as the independent chairman of its board of directors.

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24 Sep 2018 08:51

Allied Minds' Spin Transfer Tech Taps Former Spansion CEO As Chairman

LONDON (Alliance News) - Allied Minds PLC on Monday said its subsidiary Spin Transfer Technologies appointed John Kispert as independent chairman.Prior to this appointment, Kispert served a

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21 Sep 2018 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 24 September Pennon GroupTrading Statement Gama AviationHalf Year Year Year +

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18 Sep 2018 12:47

Allied Minds launches QuayChain subsidiary to develop smart logistics tech

(Sharecast News) - Allied Minds announced the formation of new subsidiary 'QuayChain' on Tuesday.

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