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

Mon, 25th Apr 2016 14:07

(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 target to 3,000p from 3,400p in line with the sector de-rating of around 12%."We believe Ted's c40% de-rating of the past five months, compared to 11-13% of the sector, is a disconnect to what remains a strong growth profile at the British brand," the analysts said.Property investor CLS Holdings was also rising on the back of its buyback, continuing a trend which began last week when its board confirmed it had received acceptances for its tender offer to purchase one in every 57 shares and cancel them, at a price of 1,810p per share.Allied Minds was under pressure after reporting a wider loss for 2015 on Monday, which it blamed on an increase in investment in research and development and the creation of four new businesses during the year. The company posted a net loss of $97.9m (£67.8m) to 31 December, growing 69% from $57.9m in 2014. Net cash and investments decreased to $194.8m from $261.5m, while revenues fell to $3.3m from $7.7m.Miner Vedanta Resources was also down, as copper prices dipped 0.46% to $225.80 per pound on the Comex at lunchtime. Shares in the diversified miner have been sliding since peaking at 446.7p last Wednesday, and started Monday in the black - though that quickly turned back to declines in early afternoon trading.Oil services group Wood Group was lower after North Sea oil workers threatened to go on strike unless plans for further pay cuts are scrapped.John Wood's management, which have been fighting the challenging conditions stemming from the low oil price environment, are due to hold talks with Unite union leaders later this week, after pushing through three contractor pay cuts over the last eighteen months and cutting 8,000 jobs, of which a quarter were UK-based. Unite claimed this will "make it impossible" for rigorous North Sea safety standards to be upheld. FTSE 250 - RisersCLS Holdings (CLI) 1,684.00p 9.07%IP Group (IPO) 188.70p 6.73%Ted Baker (TED) 2,576.00p 6.62%Euromoney Institutional Investor (ERM) 969.00p 6.48%Shawbrook Group (SHAW) 283.60p 5.04%Workspace Group (WKP) 810.50p 4.51%Greggs (GRG) 1,082.00p 4.34%Morgan Advanced Materials (MGAM) 233.50p 4.24%Crest Nicholson Holdings (CRST) 496.60p 4.00%Capital & Counties Properties (CAPC) 339.00p 3.76%FTSE 250 - FallersVedanta Resources (VED) 412.20p -3.44%Aggreko (AGK) 1,078.00p -3.14%Wood Group (John) (WG.) 613.50p -3.08%Investec (INVP) 527.00p -2.50%Weir Group (WEIR) 1,187.00p -2.14%IMI (IMI) 959.00p -1.99%Acacia Mining (ACA) 324.80p -1.72%Centamin (DI) (CEY) 106.00p -1.67%Allied Minds (ALM) 395.90p -1.59%Mitie Group (MTO) 268.70p -1.58%

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4 Feb 2016 10:28

WINNERS & LOSERS SUMMARY: Shell Gains As Earnings Meet Expectations

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

4 Feb 2016 07:54

Allied Minds Subsidiary Achieves Success With New Memory Technology

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

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

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

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

1 Feb 2016 12:41

Numis reiterates 'buy' at Allied Minds

1 Feb 2016 12:07

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

1 Feb 2016 10:20

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

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

1 Feb 2016 07:42

Allied Minds Invests In USD22 Million Federated Wireless Fundraising

4 Jan 2016 14:10

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

(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 U

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

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

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