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FTSE 250 movers: Strong trading leads Supergroup to top of the pack

Wed, 16th Dec 2015 15:28

(ShareCast News) - The FTSE 250 was on track to finish the day in the green on Wednesday, up 78.47 points (0.46%) to 17,078.03 by mid-afternoon.Supergroup led the risers after it released its half year report, showing strong trading leading to positive sales growth. The owner of popular faux-Japanese fashion brand Superdry saw revenue rise 22.3% to £254.7m in the 26 weeks to October 24. Underlying profit before tax was up a sizeable 54.4% to £19.3m. Excluding North America, it increased 73.6%. Basic earnings per share were up to 20p, from 11.9p, on an underlying basis. Its reported basic earnings per share were just 10.2p, however, down from 17.2p last year. In the report, SuperGroup said this reflected the period-on-period remeasurement of financial derivatives, as well as "exceptional items" related to the North America licence buy-out.Bwin.party was also up on the back of Citi upgrading the stock from 'sell' to 'buy'. It follows GVC Holdings' takeover of bwin.party digital entertainment being approved by the companies' shareholders on Tuesday. Bwin.party said 99.99 per cent of shareholders voted in favour of the deal, while 99.91 of GVC's did the same. Both firms said the deal is expected to become effective on February 1st 2016, with admission of GVC's shares to the Official List of the London Stock Exchange.N Brown Group was the biggest faller of the day down nearly 7%. N+1 Singer trimmed its sales forcasts for the full year after an unseasonally warm start to the Autumn/Winter trading period. As a result, it reduced its full year above consensus profit before tax forecast by 3.4% and outer years by 2%. "We still believe that the ongoing channel shift to online is favouring N Brown (and others like boohoo) and that N Brown has traded well on receivables growth and margins," the report said. It comes after women's value retailer Bonmarche warned over its full year profits due to challenging conditions in December that haven't normalised. That also forced department store Debenhams to take a hit and featuring in the top 10 fallers.FTSE 250 - RisersSupergroup (SGP) 1,639.00p 8.11%Drax Group (DRX) 225.10p 6.78%Acacia Mining (ACA) 168.10p 6.46%Bwin.party Digital Entertainment (BPTY) 123.60p 5.91%Petra Diamonds Ltd.(DI) (PDL) 71.50p 5.15%AA (AA.) 300.20p 5.11%Bodycote (BOY) 551.00p 4.95%Aldermore Group (ALD) 214.90p 4.57%Shawbrook Group (SHAW) 344.30p 4.33%Carillion (CLLN) 310.70p 4.12%FTSE 250 - FallersBrown (N.) Group (BWNG) 299.40p -6.76%Nostrum Oil & Gas (NOG) 359.20p -4.97%Tullett Prebon (TLPR) 341.60p -4.53%Dignity (DTY) 2,361.00p -3.48%Indivior (INDV) 184.90p -3.19%Debenhams (DEB) 73.55p -3.16%Kaz Minerals (KAZ) 90.00p -2.96%Vedanta Resources (VED) 281.10p -2.56%Home Retail Group (HOME) 94.65p -2.07%DCC (DCC) 5,545.00p -1.86%
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27 Jul 2015 09:05

WINNERS & LOSERS SUMMARY: Merlin Shares Hit After Profit Warning

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27 Jul 2015 08:56

GVC raises offer for Bwin.Party

(ShareCast News) - GVC Holdings confirmed on Monday that it has raised its offer for Bwin.party Digital Entertainment following the company's acceptance of a recent bid from 888 Holdings. Under the new terms of the offer, Bwin shareholders would be entitled to receive 122.5p for each Bwin share, con

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27 Jul 2015 07:38

BUZZ-Bwin.party: GVC sweetens bid proposal to about 1 bln stg

** Gambling firm Bwin.party Digital Entertainment up c.3pct & among top gainers on FTSE 250 after smaller peer GVC Holdings returns with higher c.1 bln stg bid ** GVC's proposal comes after its earlier 908 mln stg bid was spurned by Bwin in favour of a lower 900 mln stg offer from 888 Hold

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27 Jul 2015 07:30

LONDON BRIEFING: Merlin Warns On Profit After Coaster Crash

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27 Jul 2015 06:48

GVC Looks To Crash 888's Bwin.Party With New Takeover Bid (ALLISS)

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27 Jul 2015 06:35

Gambling firm GVC raises bid for rival Bwin.party to $1.55 bln

July 27 (Reuters) - Online gambling firm GVC Holdings Plc has made a new offer of about 1 billion pounds ($1.55 billion) for peer Bwin.party Digital Entertainment, which recently accepted a bid from 888 Holdings Plc. GVC said under its offer Bwin.party shareholders would get 122.5 pence fo

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26 Jul 2015 16:20

Sunday newspaper round-up: Bwin.party, Scotland, Greece

(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for

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26 Jul 2015 16:20

Sunday newspaper round-up: Bwin.party, Scotland, Greece

(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for

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26 Jul 2015 07:00

PRESS: GVC Backed By Cerberus For New Bwin.Party Bid - Sunday Times

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24 Jul 2015 12:41

2nd UPDATE: Ladbrokes And Coral To Merge Amid Big Investment Plans (ALLISS)

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24 Jul 2015 11:38

UPDATE: Ladbrokes And Coral To Merge Amid Big Investment Plans (ALLISS)

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24 Jul 2015 10:07

UPDATE 2-Ladbrokes and Gala Coral team up for online betting push

* Merged group will be biggest UK high street bookmaker * Aims to generate cash to enlarge online operations * Regulation and higher taxes drive deals in industry (Writes through, adds quotes, details) By Neil Maidment LONDON, July 24 (Reuters) - Bookmakers Ladbrokes and

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21 Jul 2015 09:23

UPDATE 1-Online gambling firm GVC could have another go at Bwin

(Adds analyst, company comments; share movement, background) By Mamidipudi Soumithri July 21 (Reuters) - Online gambling firm GVC Holdings Plc could make another attempt to buy peer Bwin.party Digital Entertainment, just days after Bwin accepted a 900 million pound ($1.4 billion)off

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21 Jul 2015 08:51

GVC considering options over Bwin

(ShareCast News) - GVC Holdings is considering its options regarding a bid for Bwin.party Digital Entertainment after the company agreed to 888 Holdings' offer last week. "There can be no certainty that an offer for bwin.party will be made by the company. However, the GVC board confirms that it is c

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