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FTSE 250 movers: Ibstock retreats as Pets at Home accelerates

Thu, 26th May 2016 14:30

(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months before reaching a positive plumb-line.While its directors expected another year of progress, and its full-year views were broadly unchanged, the company added that growth of UK brick sales into the key new residential sector were slower than expected due to destocking in the builders' merchant supply chain.Inchcape slipped as it noted a good start to the year, in line with expectations, was let down as figures out of its footprints in Europe and North Asia were more subdued than for UK, South Asia and Emerging Markets.The car dealer said revenue for the period 1 January to 25 May was up 12.8% to £2.47 billion, with like-for-like revenue up 12.4%.But, along with Ibstock and Mitchells & Butlers, its shares retreated they went ex-dividend on Thursday.For the pub company this somewhat undermined an HSBC upgrade of its shares the previous day to 'buy' from 'hold,' accompanied with a new target price of 340p, from 300p.To the upside, shares in Pets at Home improved as it hiked its full-year pre-tax profit to £92.1 million, from £90.2 million. Revenue was £793.1 million, from £777.8 million.Paypoint managed gains, too, as the market digested Wednesday's news of an impairment-dented set of full-year results. Pre-tax profit slumped to £8.2 million, from £49.6 million, with the mobile payments business booking a £30.8 million impairment in the absence of a sale.B&M European Value Retail, the discounter chaired by Sir Terry Leahy, was ahead after declaring a special dividend as it posted final results showing strong sales, profits and cash generation.Shares in Paysafe rallied after it said on Wednesday that full-year revenue and earnings were seen to be ahead of market consensus.In a trading update, Paysafe said it saw revenue at $950-$970 million, and adjusted earnings before interest, tax, depreciation and amortisation at $270-$276 million.Electrocomponents was ahead after it was upgraded to 'sector perform' from 'underperform' by RBC Capital Markets, which lifted its target price to 270p from 185p.FTSE 250 - RisersThomas Cook Group (TCG) 75.75p 4.20%Pets at Home Group (PETS) 259.30p 4.01%Kaz Minerals (KAZ) 154.90p 3.96%PayPoint (PAY) 903.00p 3.32%Electrocomponents (ECM) 292.00p 3.29%OneSavings Bank (OSB) 319.10p 3.27%Polymetal International (POLY) 826.50p 3.05%Aldermore Group (ALD) 216.10p 3.05%B&M European Value Retail S.A. (DI) (BME) 290.30p 2.83%Paysafe Group (PAYS) 417.60p 2.58%FTSE 250 - FallersIbstock (IBST) 202.00p -9.70%Electra Private Equity (ELTA) 3,790.00p -4.17%Restaurant Group (RTN) 357.50p -3.51%Amec Foster Wheeler (AMFW) 456.20p -3.27%Rathbone Brothers (RAT) 1,937.00p -3.15%Spectris (SXS) 1,660.00p -3.09%Genus (GNS) 1,524.00p -2.93%Mitchells & Butlers (MAB) 291.40p -2.67%Inchcape (INCH) 694.00p -2.66%Jimmy Choo (CHOO) 115.50p -2.61%
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26 Aug 2016 15:58

Broker tips: CRH, Amec Foster Wheeler, BAE

(ShareCast News) - Societe Generale downgraded its recommendation on building materials group CRH to 'hold' from 'buy' following the stock's outperformance. The bank said CRH's equity story is still attractive, but after the 31% year-to-date outperformance versus the broader market, the medium-term

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26 Aug 2016 10:21

Morgan Stanley ups Amec Foster to 'overweight'

(ShareCast News) - Morgan Stanley upgraded Amec Foster Wheeler to 'overweight' from 'equalweight' and bumped up the price target to 700p from 500p saying restructuring should outweigh disposals. The bank attributed the price target lift to increased confidence that the new CEO will drive a better ea

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26 Aug 2016 07:07

LONDON BRIEFING: All Eyes Turn To Fed Chair Yellen's Speech

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23 Aug 2016 09:19

Tuesday broker round-up

(ShareCast News) - Ithaca Energy: Barclays reiterates underweight with a target price of 70p. Mediclinic: JP Morgan maintains neutral with a 1160p target. Premier Oil: Barclays reiterates overweight with a 100p target. South 32: Jefferies reiterates hold with a 110p target. Mondi: Citigroup keeps

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23 Aug 2016 08:22

BROKER RATINGS SUMMARY: Jefferies Upgrades BHP Billiton To Buy

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16 Aug 2016 16:01

LONDON MARKET CLOSE: End Of Eight-Day Rally Despite Higher Oil Prices

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12 Aug 2016 09:36

Friday broker round-up

(ShareCast News) - Britvic: Berenberg reiterates buy with a target price of 775p. RSA Insurance: Deutsche Bank maintains hold with a 525p target. GlaxoSmithKline: JP Morgan reiterates neutral with a 1900p target. Amec Foster: Goldman Sachs stays at buy with a 691,1p target. A.G. Barr: Berenberg d

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10 Aug 2016 08:35

BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold

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9 Aug 2016 19:10

Amec Foster Wheeler leads gains among oil equipment and service stocks

(ShareCast News) - Oil equipment and services stocks saw another day of gains, with shares in Amec Foster Wheeler spearheading the advance in the wake of its latest interim figures. Amec reported higher sales and lower earnings in the first half of the year which were better than the market expected

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9 Aug 2016 09:43

WINNERS & LOSERS SUMMARY: Worldpay Bid Up After Strong First Half

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9 Aug 2016 09:01

EXTRA: Amec Foster Wheeler's Underlying Results Beat Expectations

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9 Aug 2016 08:38

Amec Foster Wheeler beats first-half forecasts, review due in autumn

(ShareCast News) - Amec Foster Wheeler's higher sales and lower earnings in the first half were better than the market expected, while the engineer also impressed with cost cutting and its continued expansion into renewable energy. Revenue in the six months to 30 June of £2.8bn was up 7% on the same

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9 Aug 2016 06:51

Amec Foster Wheeler Turns To Loss Despite Managing To Lift Revenue

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12 Jul 2016 07:18

Amec Foster Wheeler wins two contracts with Repsol Sinopec

(ShareCast News) - Amec Foster Wheeler said it had won two long-term major services contracts as part of Repsol Sinopec Resources UK's long-term transformation and commitment to the North Sea. Both contracts are for an initial three-year term with up to two one year extensions. The new contracts ar

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12 Jul 2016 06:40

Amec Foster Wheeler Wins Two Maintenance Deals In North Sea

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