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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 Aug 2015 09:35

Betting company Bwin asks GVC for its best takeover offer

By Neil Maidment LONDON, Aug 27 (Reuters) - Online gambling company Bwin.party has asked GVC Holdings to table its best offer for the business after the duo addressed key concerns over the suitor's latest 1 billion pound ($1.55 billion) approach. GVC looked to have lost the race for B

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27 Aug 2015 08:28

Bwin.Party Says GVC Bid Issues Resolved; Requests Its Best Offer

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27 Aug 2015 05:15

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26 Aug 2015 15:19

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26 Aug 2015 08:55

UPDATE 2-Gambling firms Betfair and Paddy Power set for $7.8 bln tie up

* Paddy Power agrees merger with betting exchange Betfair * New group poised to be UK market leader online * Taxes and regulation drive wave of gambling mergers (Adds details, quotes) By Neil Maidment and Padraic Halpin DUBLIN/LONDON, Aug 26 (Reuters) - Betfair and Irish

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26 Aug 2015 08:48

BUZZ-British online betting co's: Dealt a bad hand on Betfair-Paddy Power deal

** Possible Betfair-Paddy Power 5 bln stg merger a bad bet for rivals ** Merger could create one of the world's largest online betting and gaming groups with estimated revenue of over 1.1 bln stg ** William Hill and Ladbrokes both down more than 5 pct; worst performers on the FTSE 250

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26 Aug 2015 05:17

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25 Aug 2015 15:02

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25 Aug 2015 05:19

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24 Aug 2015 15:31

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24 Aug 2015 10:20

TOP NEWS SUMMARY: London Shares Hit By Asia's "Black Monday"

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24 Aug 2015 07:35

LONDON BRIEFING: UK Stocks Feel Effect Of Chinese Market Plunge

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24 Aug 2015 07:19

GVC and Bwin.Party confirm bid talks over rumoured bigger offer

(ShareCast News) - Online gambling operator GVC Holdings claims it has made "significant progress" in bid talks with larger rival Bwin.party after rumours emerged it had increased its proposed offer for the company last week. Bwin confirmed that discussions on "certain aspects" of the proposal w

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24 Aug 2015 06:49

GVC Makes New Bid For Bwin.Party As It Seeks To Derail 888 Deal (ALLISS)

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24 Aug 2015 06:36

GVC, Bwin confirm talks to iron out offer details

Aug 24 (Reuters) - British online gambling firms GVC Holdings Plc and Bwin.party Digital Entertainment Plc said on Monday that they continued to be in talks regarding the terms of GVC's offer for Bwin. GVC said it expected to resubmit a proposal to Bwin.party board in the near future and o

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