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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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28 Aug 2015 09:51

UPDATE 1-888 and GVC head into final battle for Bwin

* 888 likely to have to raise 900 million Bwin bid * Smaller rival GVC set to confirm its higher proposal * Bwin to update investors on Tuesday (Writes through, adds shares, quotes) By Neil Maidment LONDON, Aug 28 (Reuters) - A battle to buy online gambling firm Bwin.par

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28 Aug 2015 07:47

888 Holdings Profit Drops On Tax, VAT Hikes And Currency Headwinds

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28 Aug 2015 07:42

888 Holdings interim profit drops on taxes but confident over full year

(ShareCast News) - 888 Holdings reported a 41% drop in first-half pre-tax profit as the company was hit by new taxes, but said it remains confident of achieving its full-year expectations. For the six months ended 30 June, pre-tax profit fell to $20m from $34m in the same period last year while reve

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28 Aug 2015 07:28

GVC Holdings Interim Profit Hit By Costs Of Pursuit Of Bwin.Party

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28 Aug 2015 07:23

London pre-open: Stocks tipped to open lower

(ShareCast News) - City sources predict the FTSE 100 will open three points lower than Thursday's close of 6,192.03. European equities are set to cautiously open flat this Friday morning after what's been a rollercoaster week, London Capital Group dealer Farbod Mimeh said. "Markets seem to have reg

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28 Aug 2015 07:22

Bwin swings to profit; no change to recommendation of 888 offer

(ShareCast News) - Onling gambling group Bwin.Party Digital Entertainment posted a small rise in core first-half earnings and said it swung to a profit despite being impacted by lower revenue and higher taxes.. The company, which is currently in the middle of a bidding war between GVC Holdings and 8

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28 Aug 2015 07:15

LONDON BRIEFING: Tesla Deal Electrifies Rare Earth And Bacanora Shares

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28 Aug 2015 06:36

Bwin.Party Interim Profit Up But Revenue Down As Bid Talks Continue

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28 Aug 2015 06:18

Bid target Bwin.Party sees first half earnings rise

LONDON, Aug 28 (Reuters) - Bwin.Party, the online gambling firm at the centre of a bidding war between rivals 888 and GVC Holdings, posted a 2 percent rise in first-half earnings on Friday. Bwin, up for sale since last year, accepted a 900 million pound ($1.39 billion) cash and stock offer

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28 Aug 2015 06:00

LONDON MARKET EARLY-CALL: Stocks Called Higher With UK GDP In Focus

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28 Aug 2015 05:33

Earnings, Trading Statements Calendar - Week Ahead

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27 Aug 2015 16:03

LONDON MARKET CLOSE: Stocks Rally But Not Everyone Convinced

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27 Aug 2015 15:23

Earnings, Trading Statements Calendar - Week Ahead

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27 Aug 2015 15:06

UPDATE: Bwin.Party Says GVC Bid Issues Resolved, Requests Best Offer

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27 Aug 2015 09:42

Bwin.Party asks GVC for best offer as bid issues are resolved

(ShareCast News) - All may not be lost for online gambling operator GVC Holdings after Bwin.Party Digital Entertainment said on Thursday that key aspects of its proposal have been addressed to its satisfaction. Bwin has now asked GVC to clarify, with respect to its proposal, the best terms on which

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