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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 Jun 2016 13:18

Wednesday broker round-up

(ShareCast News) - Hochschild Mining: UBS downgrades to neutral with a target price of 160p. Esure Group: JP Morgan keeps at overweight with a 330p target. Royal Dutch Shell: RBC reiterates outperform with a target price of 2000p and JP Morgan stays atneutral with a target price of 1630p. National

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19 May 2016 08:30

BROKER RATINGS SUMMARY: Goldman Sachs Upgrades BT To Conviction Buy

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18 May 2016 08:31

BROKER RATINGS SUMMARY: Goldman Upgrades Booker, Panmure Cuts Meggitt

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17 May 2016 09:40

WINNERS & LOSERS SUMMARY: Taylor Wimpey Pleases With Payout Plan

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17 May 2016 07:56

Revenue jump boosts BTG full-year profits

(ShareCast News) - Healthcare company BTG more than doubled full year pre-tax profits to £57.5m on the back of a 22% jump in revenues to £447.5m. The company said expected revenue for fiscal 2017 to be in the range of £485m-£515m, with selling general and administrative costs to be £160m-£170m and r

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17 May 2016 06:57

TOP NEWS: BTG Doubles Annual Profit On Significant Revenue Rise

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10 May 2016 15:10

Earnings, Trading Statements Calendar - Week Ahead

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6 May 2016 09:23

BTG buys Galil Medical for inital £58.3

(ShareCast News) - Specialist healthcare company BTG said it was buying Galil Medical, a leading provider of cryoablation products for the treatment and palliative care of kidney and other cancers, for an initial £58.3m. BTG said it would also pay up to £17.6m in future regulatory and commercial mil

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6 May 2016 08:10

BTG Acquires US-Based Cryoablation Systems Maker Galil Medical

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5 Apr 2016 07:41

BTG exudes confidence ahead of final reuslts

(ShareCast News) - Specialist healthcare company BTG was confident ahead of its final results on Tuesday, claiming reported group revenue for the year to 31 March was expected to be at the upper end of its guidance range of £410m-£440m, boosted by currency tailwinds. The growth at the FTSE 250 compa

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5 Apr 2016 06:39

BTG Revenue To Hit Upper End Of Guidance Amid Solid Sales Growth

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4 Apr 2016 05:23

BTG To Initiate Target Study To Evaluate Dosimetry For HCC Patients

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5 Jan 2016 09:43

BROKER RATINGS SUMMARY: S&P CapIQ Cuts Next To Buy From Strong Buy

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15 Dec 2015 17:05

LONDON MARKET CLOSE: Oil Recovers As US Inflation Supports Fed Hike

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15 Dec 2015 15:24

FTSE 250 movers: Broker notes spur on big movers

(ShareCast News) - The FTSE 250 looks to finish the day in the green, with the second-tier market up 228.85 point (1.36%) to 17,001.42 mid-afternoon Tuesday. Circassia Pharmaceuticals rose to the top of the ranks after RBC Capital Markets initiated coverage at 'top pick' for the company. "With intr

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