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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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4 Oct 2018 08:29

BTG Upgrades Annual Targets After Strong Interims, Chairman Retires

LONDON (Alliance News) - Healthcare company BTG PLC on Thursday upped its guidance for its current financial year as well as announced the retirement of Chairman Garry Watts.BTG said it has

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4 Oct 2018 07:36

BTG upgrades sales forecasts on back of strong oncology, vascular portfolio

(Sharecast News) - Healthcare company BTG said it had delivered good first half sales growth, driven by the performance of its interventional medicine business as it upgraded its full year sales growth forecast in its oncology and vascular portfolio to 15-17%.

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25 Sep 2018 12:57

Tuesday broker round-up

(Sharecast News) - Wetherspoons: Peel Hunt downgrades to hold with a target price of 1,325p.

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17 Sep 2018 15:10

Monday broker round-up

(Sharecast News) - Sophos: Deutsche Bank downgrades to hold with a target price of 530p.

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7 Sep 2018 07:53

BTG Buys Medical Device Outfit Novate Medical For Up To USD20 Million

LONDON (Alliance News) - FTSE 250-listed healthcare group BTG PLC said on Monday it has acquired medical device company Novate Medical Ltd for USD20 million in cash.BTG said it may be to of

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7 Sep 2018 07:04

BTG to buy Novate for up to $130m

(Sharecast News) - Healthcare company BTG on Friday said it was paying up to $130m in cash to buy Ireland-based Novate, which specialises in the prevention of pulmonary embolism (PE) in patients at high risk of venous thromboembolic events.

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9 Aug 2018 09:04

BTG's emphysema treatment struck down by FDA

(Sharecast News) - Global specialist healthcare company BTG on Thursday received confirmation from the US food and drug administration (FDA) that its emphysema treatment will not receive pre-market approval.

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9 Aug 2018 09:04

BTG's emphysema treatment struck down by FDA

(Sharecast News) - Global specialist healthcare company BTG on Thursday received confirmation from the US food and drug administration (FDA) that its emphysema treatment will not receive pre-market approval.

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9 Aug 2018 08:44

LONDON MARKET OPEN: Stocks Down As TUI, Randgold And Evraz Disapppoint

LONDON (Alliance News) - Stock prices in London were lower on Thursday, despite having been pointed to a higher open, with company results dragging down both the FTSE 100 and FTSE 250 indices, while

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23 Jul 2018 16:08

DIRECTOR DEALINGS: BTG Non-Exec Director Buys Shares For GBP74,850

LONDON (Alliance News) - BTG PLC said Monday that Non-Executive Director Anne Thorburn bought 15,000 shares in the healthcare company.Thorburn acquired the shares at 499.81 pence each in a

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15 Jun 2018 10:56

WINNERS & LOSERS SUMMARY: Rolls Royce Soars On Cash Flow Guidance

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Rolls up 11%.

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15 Jun 2018 08:52

LONDON MARKET OPEN: FTSE Flat As China Promises To Retaliate On Trade

LONDON (Alliance News) - Stocks in London saw a cautious start to trading on Friday amid renewed trade war fears souring investor sentiment, as Rolls-Royce led the blue chips after sticking to its to

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15 Jun 2018 08:15

TOP NEWS: BTG Fails To Gain FDA Panel Support For Emphysema Treatment

LONDON (Alliance News) - BTG PLC said Friday that the Anesthesiology & Respiratory Therapy Devices Panel of the Medical Devices Advisory Committee of the US Food & Drug Administration has

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15 Jun 2018 07:37

LONDON MARKET PRE-OPEN: Tesco Has Strong Quarter; BTG Suffers Setback

LONDON (Alliance News) - Stock prices in London are seen opening marginally higher on Friday amid weakness in the pound, as Tesco delivered a strong first-quarter performance buoyed

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18 May 2018 17:06

LONDON MARKET CLOSE: FTSE 100 Posts Eighth Weekly Gain; Glencore Slips

LONDON (Alliance News) - Despite a pullback on Friday preventing the FTSE 100 posting a new all-time high, the index nonetheless managed to end higher for its eighth consecutive week.Ending lower on

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