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FTSE 250 movers: Petrofac, Acacia Mining, Virgin Money

Fri, 22nd Jan 2016 14:24

(ShareCast News) - A second day of large gains saw West Texas Intermediate crude oil futures clock in with their biggest two-day advance since August 2015. According to Blacrock's chief, institutionals began wading into financial markets as far back as last Wednesday. Dovish remarks from the ECB's Mario Draghi further supported risk sentiment the next day and came alongside speculation from different corners that both the BoJ and the US Fed might soften their current policy biases. Overnight, the chairman of Saudi Aramco described the recent fall in oil quotes as "irrational". All of the above put a bid into the shares of oil field services firms such as Petrofac and lent a hand to the smaller oil explorers such as Ophir Energy or Tullow Oil. Amec Foster Wheeler was another notable beneficiary of the bounce in oil.Acacia Mining saw slight profit-taking as improved market sentiment took some of the lustre out of the price of gold. Shares of the Tanzania-focused gold miner had also risen sharply in the previous session after announcing that gold output had increased by 2% in 2015. The outfit also announced plans to raise guidance for this year following the ramp-up of the flagship Bulyanhulu mine.Shares in Virgin Money bounced back violently following the extremely poor start to the year. Some analysts believe the prospect of interest rates staying lower for longer this year is "singularly unhelpful" for the lender and will lead to a slightly softer pace of improvement in its net interest margins.FTSE 250 - RisersTullow Oil (TLW) 149.30p +15.56%Virgin Money Holdings (UK) (VM.) 309.70p +9.43%Renishaw (RSW) 1,746.00p +9.12%Ophir Energy (OPHR) 84.90p +7.40%Petrofac Ltd. (PFC) 747.00p +7.02%Amec Foster Wheeler (AMFW) 401.30p +6.81%Telecom Plus (TEP) 945.00p +6.48%Circassia Pharmaceuticals (CIR) 300.00p +6.38%Mitchells & Butlers (MAB) 287.50p +6.25%Spectris (SXS) 1,622.00p +6.08%FTSE 250 - FallersMoneysupermarket.com Group (MONY) 319.50p -2.32%Dignity (DTY) 2,227.00p -1.76%Ocado Group (OCDO) 277.00p -1.74%Jimmy Choo (CHOO) 123.50p -1.67%Go-Ahead Group (GOG) 2,441.00p -1.41%Ted Baker (TED) 2,611.00p -1.14%Poundland Group (PLND) 149.00p -1.00%Lancashire Holdings Limited (LRE) 600.50p -0.83%Nostrum Oil & Gas (NOG) 291.70p -0.78%Acacia Mining (ACA) 174.30p -0.74%
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22 Jan 2016 17:00

LONDON MARKET CLOSE: Oil Rebound, Draghi Comments Lift Global Stocks

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22 Jan 2016 12:12

LONDON MARKET MIDDAY: Oil Bounce, ECB Stimulus Hopes Drive Stock Rally

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22 Jan 2016 08:39

LONDON MARKET OPEN: Commodity Stocks Push Higher As Oil Price Rebounds

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21 Jan 2016 09:38

BROKER RATINGS SUMMARY: UBS Starts Coverage Of ITV With Sell Rating

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20 Jan 2016 08:39

LONDON MARKET OPEN: Equities Fall As Oil Market Glut Seen Worsening

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19 Jan 2016 09:35

BROKER RATINGS SUMMARY: UBS Upgrades Burberry To Buy From Neutral

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18 Jan 2016 17:10

LONDON MARKET CLOSE: Iran Resumes Oil Exports And Sends Shares Lower

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18 Jan 2016 15:25

FTSE 250 movers: Miners a drag on second tier

(ShareCast News) - The FTSE 250 continued to slide on Monday, dropping 188.52 points (1.17%) to 15,972.08 by mid-afternoon. Vedanta Resources led a bunch of miners featuring on the fallers list, after JP Morgan Cazenove re-evaluated its stance on the mining sector. In a note released on Monday, the

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18 Jan 2016 12:08

CORRECT: LONDON MARKET MIDDAY: Oil Prices Bounce But Stocks Flatten

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18 Jan 2016 12:01

LONDON MARKET MIDDAY: Oil Prices Bounce But Stocks Flatten

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18 Jan 2016 10:17

WINNERS & LOSERS SUMMARY: Empyrean Energy Jumps On Sugarloaf Deal

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18 Jan 2016 07:30

Amec Foster Wheeler CEO steps down

(ShareCast News) - Amec Foster Wheeler's chief executive Samir Brikho is stepping down from his role, the oil and gas engineer announced alongside a very brief trading update. Chief financial officer Ian McHoul has been appointed to the role of interim CEO with immediate effect and will chair the gr

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18 Jan 2016 07:22

Amec Foster Wheeler CEO Steps Down, CFO Appointed On Interim Basis

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14 Jan 2016 17:05

LONDON MARKET CLOSE: Late Oil Price Bounce Trims FTSE 100 Loss

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