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FTSE 250 movers: Miners and energy stocks rally; Wizz Air crashes

Wed, 07th Oct 2015 13:46

(ShareCast News) - London's FTSE 250 index was down 0.2% at 17,101.89 just after 1400 BST, underperforming the broader market.Miners were firmly on the front foot as metals prices advanced and the sector got a boost from an upbeat note by Morgan Stanley. The bank upgraded its stance on the European metals and mining sector to 'attractive' from 'in line'.It said stable data from China in the last few months with a potential uplift from recent financial and administrative stimulus policies should increase conviction that the 19% commodity price uplift by 2017 in the bank's base case deck is achievable.Vedanta Resources, Kaz Minerals and Evraz were standout gainers.Energy stocks also put in a solid performance as oil prices resumed their upward trajectory after surging on Tuesday as the American Petroleum Institute reported a weekly US crude stockpile draw of 1.2m barrels.Tullow Oil, Premier Oil and Ophir Energy racked up healthy gains.On the downside, pharmaceuticals group BTG was firmly lower for the second day in a row. On Tuesday, the company said it expects its full-year revenue to be in the lower half of its guidance range, as interest in one of its treatments was yet to translate into sales growth.Shares in budget airline Wizz Air crashed in line with the rest of the sector as rising oil prices drove up fuel costs. A downgrade of the European airlines sector by Credit Suisse to 'benchmark' from 'overweight' also weighed."We can see the close correlation between airlines and the oil price, with much of their recent outperformance resulting from the renewed weakness in the oil price," the bank said.RisersVedanta Resources (VED) 519.00p +16.24%Tullow Oil (TLW) 250.70p +12.37%Premier Oil (PMO) 92.00p +10.44%Kaz Minerals (KAZ) 119.40p +9.64%Evraz (EVR) 89.50p +9.55%Rotork (ROR) 187.00p +6.92%Ophir Energy (OPHR) 105.00p +5.95%Drax Group (DRX) 263.70p +5.48%Hunting (HTG) 465.40p +5.37%Weir Group (WEIR) 1,387.00p +5.24% FallersBTG (BTG) 561.50p -6.57%Wizz Air Holdings (WIZZ) 1,906.00p -4.37%Foxtons Group (FOXT) 230.10p -4.12%Man Group (EMG) 158.40p -3.41%Rightmove (RMV) 3,630.00p -3.33%Bellway (BWY) 2,444.00p -3.13%Betfair Group (BET) 3,165.00p -3.09%B&M European Value Retail S.A. (DI) (BME) 329.60p -3.06%Dignity (DTY) 2,294.00p -2.88%Hays (HAS) 151.10p -2.77%
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8 Sep 2020 13:34

Tuesday broker round-up

(Sharecast News) - Hargreaves Lansdown: Berenberg upgrades to buy with a target price of 1,915.0p.

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24 Aug 2020 10:57

Monday broker round-up

(Sharecast News) - Dechra Pharmaceuticals: Liberum initiates at sell with a target price of 2,740p.

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20 May 2020 13:56

Wednesday broker round-up

(Sharecast News) - Great Portland Estates: Peel Hunt downgrades to reduce with a target price of 630p.

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18 Feb 2020 13:26

Tuesday broker round up

(Sharecast News) - Severn Trent: JP Morgan upgrades to neutral with a target price of 2,550p.

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18 Feb 2020 10:50

BT set to scrap pay-TV packages and offer monthly prime subscriptions

(Sharecast News) - Broadcaster BT is set to scrap pay-TV packages for monthly prime content subscriptions, granting the flexibility that other streaming services offer.

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5 Feb 2020 13:17

Wednesday broker round-up

(Sharecast News) - Antofagasta: Deutsche Bank upgrades to hold with a target price of 850p.

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31 Jan 2020 12:55

Friday broker round-up

(Sharecast News) - Hargreaves Lansdown: Liberum upgrades to buy with a target price of 2,125p.

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15 Aug 2019 15:58

High Court Of Justice Sanctions BTG Takeover By Boston Scientific

(Alliance News) - Healthcare company BTG PLC on Thursday said the High Court of Justice in England and Wales made an order sanctioning its takeover by Bravo Bidco Ltd.In November, US Boston

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2 Jul 2019 10:07

BTG Bidder Boston Scientific Sells Embolic Microsphere Business

(Alliance News) - BTG PLC on Thursday said Boston Scientific Corp has agreed to sell an existing business to Varian Medical Systems Inc.The deal is subject to the GBP3.3 billion acquisition

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12 Jun 2019 12:35

TT Electronics Hires Ex-Exova Finance Chief Thorburn Non-Exec Director

(Alliance News) - TT Electronics PLC said Wednesday it hired Anne Thorburn as non-executive director of the electrical engineer from the start of July.Thorburn currently serves as at PLC at

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18 Apr 2019 08:46

BTG Product Sales At Upper End Of Board Forecasts Before Acquisition

LONDON (Alliance News) - Healthcare company BTG PLC on Thursday said product sales were at the upper end of board expectations for its recently ended year.BTG also expects its acquisition a

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18 Apr 2019 08:20

BTG reports full year product sales ahead of guidance

(Sharecast News) - International healthcare company BTG on Thursday said full year product sales were at the upper end of expectations, with pharmaceuticals delivering double-digit growth, ahead of guidance.

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18 Apr 2019 07:41

LONDON MARKET PRE-OPEN: Unilever, Rentokil Begin 2019 Well

LONDON (Alliance News) - Stocks in London are set for a muted start Thursday ahead of the Easter weekend, as largecap firms Unilever and Rentokil reported so far

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28 Feb 2019 18:01

Boston Scientific Gets Green Light For BTG Purchase At Court Meeting

LONDON (Alliance News) - BTG PLC on Thursday said a takeover offer by Bravo Bidco Ltd, a subsidiary of Boston Scientific Corp, was approved at the Court meeting and its own general November, US to

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UK Shareholder Meetings Calendar - Next 7 Days

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