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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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15 May 2018 12:07

LONDON MARKET MIDDAY: UK Wages In Line But Fail To Inspire Pound

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15 May 2018 11:07

BTG Swings To Annual Loss On PneumRx Coils Impairment Charges

LONDON (Alliance News) - BTG PLC on Tuesday swung to a pretax loss for the recently ended financial year due to a large impairment charge relating to PneumRx Coils, used to treat lung disease the

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15 May 2018 10:37

WINNERS & LOSERS SUMMARY: Vodafone Stumbles As CEO Stands Down

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 3.3%. The budget airline said it saw a first

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15 May 2018 08:32

LONDON MARKET OPEN: easyJet Rises While Vodafone Falls; UK Wages Due

LONDON (Alliance News) - The FTSE 100 was largely unchanged early Tuesday, with easyJet and Vodafone respectively topping and tailing the blue-chip index."In be

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8 May 2018 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

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5 Dec 2016 07:08

BTG product gets two ticks of approval

(ShareCast News) - Global specialist healthcare company BTG announced the inclusion of treatment with its PneumRx Coils product in guidelines for the management of chronic obstructive pulmonary disease on Monday, as published by the Global Initiative for Chronic Obstructive Lung Disease (GOLD). The

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16 Nov 2016 09:55

BROKER RATINGS SUMMARY: Goldman And Deutsche Raise Miner Price Targets

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15 Nov 2016 10:41

WINNERS & LOSERS SUMMARY: Intermediate Capital And Polypipe Surge

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15 Nov 2016 08:13

BTG First Half Profit Slumps Due To Settlement And Currency Impact

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15 Nov 2016 07:41

Interventional medicine revenue surges at BTG

(ShareCast News) - Specialist healthcare company BTG posted its interim results for the six months to 30 September on Tuesday, with double-digit revenue growth underpinned by 24% constant exchange rate growth in interventional medicine revenues. The FTSE 250 firm said its operating profit for the pe

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1 Nov 2016 10:29

WINNERS & LOSERS SUMMARY: Standard Chartered Sold As Profit Misses

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26 Oct 2016 17:40

Wednesday broker round-up

(ShareCast News) - FirstGroup: Goldman Sachs keeps at buy with a target price of 168p. Esure: Berenberg stays at sell, 238p target. Anglo American: Deutsche Bank reiterates hold with a 965p target. Intertek: UBS reiterates buy with a 4100p target. Sainsbury: Goldman Sachs reiterates sell with a 1

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26 Oct 2016 08:29

BROKER RATINGS SUMMARY: Goldman Slightly Less Negative On UK Grocers

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25 Oct 2016 06:37

Clinigen Group Extends Exclusive Supply Agreement With BTG

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