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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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17 Oct 2016 10:15

Monday broker round-up

(ShareCast News) - Coca Cola Hellenic: Jefferies keeps at buy with a target price of 2100p. Jupiter Fund Management: Societe Generale downgrades to hold, 490p target. Aveva: Barclays keeps at equal-weight with a 1450p target. Arrow Global: Numis upgrades to buy with a 405p target. Close Brothers

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6 Oct 2016 15:00

FTSE 250 movers: Gold miner Hochschild leads mid-caps lower

(ShareCast News) - The FTSE 250 retreated further away from its all-time high on Thursday, stung by Brexit worries and investor caution that it may be vulnerable to the reaction to Friday's US non-farm payrolls report. After business group's stressed the importance of immigration to government earli

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6 Oct 2016 13:45

BTG lifts revenue guidance on weak sterling

(ShareCast News) - FTSE 250 specialist healthcare group BTG lifted its revenue guidance for the year on the back of the weak pound. In an update for the six months to 30 September, the company said it now expects reported full-year revenue to be ahead of its previously-announced range of £510m to £5

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15 Jul 2016 15:00

Friday broker round-up

(ShareCast News) - Ashmore: Goldman Sachs upgrades to buy with a target price of 420p and JP Morgan reiterates underweight with a 250p target. G4S: UBS keeps at buy with a 240p target. Essentra: Jefferies reiterates buy with a 715p target. Playtech: UBS stays at buy with a 1000p target. Aberdeen:

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14 Jul 2016 16:06

LONDON MARKET CLOSE: Stocks Mixed But Pound Higher After BoE Stays Put

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14 Jul 2016 11:23

LONDON MARKET MIDDAY: Stocks Drop As Bank Of England Waits For August

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14 Jul 2016 09:42

WINNERS & LOSERS SUMMARY: SuperGroup Shares Soar On Special Dividend

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14 Jul 2016 09:07

BTG loses out on sterling benefit due to hedging and dollar costs

(ShareCast News) - Healthcare company BTG said it would make little gains from the collapse of the pound as its currency hedging contracts would negate the potential revenue benefits from the stronger dollar. The FTSE 250 company, in a statement issued ahead of its annual shareholder meeting and aft

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14 Jul 2016 07:28

LONDON MARKET OPEN: Hays Leads FTSE 250 Gainers Ahead Of BoE Decision

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14 Jul 2016 07:00

BTG Trades In Line With Expectations, Benefits From Weak Sterling

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12 Jul 2016 08:32

BROKER RATINGS SUMMARY: Vodafone Cut To Neutral, ITV Raised To Neutral

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7 Jul 2016 15:16

UK Shareholder Meetings Calendar - Next 7 Days

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7 Jul 2016 15:13

UK Earnings, Trading Statements Calendar - Next 7 Days

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6 Jul 2016 10:17

BTG Says US Regulator Approves Shelf Life Extension For Varithena

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29 Jun 2016 08:48

BROKER RATINGS SUMMARY: Merrill Lynch Upgrades Burberry To Buy

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