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FTSE 250 movers: Funding Circle flounders, Amigo arises

Fri, 05th Apr 2019 14:42

(Sharecast News) - London's FTSE 250 index was 0.07% lower at 19,492.70 in afternoon trade on Friday, with Funding Circle leading the index lower.The peer-to-peer lending marketplace was sharply down as it announced plans to close its listed Funding Circle SME Income Fund after shareholders accounting for more than two thirds of the register called for it to stop making new investments.Transport operator Stagecoach was hit by a downgrade to 'underperform' at Jefferies, as analysts advised investors to focus on the remaining bus businesses as an indicator of medium and long term value and potential growth due to ongoing political uncertainty regarding the future of rail franchising in the UK."Focusing on Stagecoach's bus business, we cut our EBIT forecasts by 3% for regional bus and by 17% for London bus, to reflect our more cautious stance on; the sustainability of regional top line growth given regional positioning and volume declines, wage and fuel cost inflation headwinds and over capacity exacerbating the negative impact of its current defensive positioning in the London bus contract bidding cycle," said a note from the broker.Countryside Properties inched lower as Peel Hunt analysts warned that they expected trading since January to have been impacted by the political backdrop weighing on sales rates for higher priced properties, particularly in the South East.Meanwhile, Hammerson was dented by a downgrade from 'hold' to 'sell' at Stifel, where analysts said they do not think the company's strategy of disposing of more than £500m worth of assets this year this will be sufficient to arrest the decline in shares price due to drops in EPS falling as a result of disposals.At the other end of the pitch, Amigo Holdings was the top riser and power generator Contour Global rallied as it posted a 19% jump in 2018 earnings, boosted by acquisitions, and announced the appointment of Stefan Schellinger - former finance director of plastic and fibre products supplier Essentra - as its new chief financial officer.Commodity trading and mining company Ferrexpo climbed even as it reported that first quarter production fell to 2.53m tonnes from 2.58m a year earlier.Analysts at Shore Capital said: "It should be borne in mind that Ferrexpo is guiding for full-year 2019 production of to be the same as 2018's 10.6Mt. From that perspective, we note that Q1 2019 production was essentially in-line with that of Q1 2018. We remind readers that Ferrexpo is currently conducting a large maintenance programme at its pelletising facilities. The programmes are expected to complete in 2020, at which point the company expects to be producing at 12Mtpa."Finally, Woodford Patient Capital Trust edged higher after recording a 6.9% increase in net asset value to 97.61p through 2018, stating that the portfolio's success stories were steadily beginning to account for a larger proportion of assets.Market MoversFTSE 250 (MCX) 19,492.70 -0.07%FTSE 250 - RisersAmigo Holdings (AMGO) 209.00p 6.09%Contour Global (GLO) 193.20p 5.92%TI Fluid Systems (TIFS) 214.00p 4.39%Ferrexpo (FXPO) 284.70p 3.72%Bakkavor Group (BAKK) 124.80p 3.14%Just Group (JUST) 63.95p 2.81%Sirius Minerals (SXX) 21.01p 2.69%Sabre Insurance Group (SBRE) 293.47p 2.61%Woodford Patient Capital Trust (WPCT) 82.89p 2.33%Acacia Mining (ACA) 199.30p 2.15%FTSE 250 - FallersFunding Circle Holdings (FCH) 315.50p -8.02%Stagecoach Group (SGC) 136.20p -7.66%Civitas Social Housing (CSH) 86.19p -6.72%Go-Ahead Group (GOG) 1,906.27p -4.01%Metro Bank (MTRO) 845.00p -3.81%Royal Mail (RMG) 253.50p -3.72%IG Group Holdings (IGG) 522.40p -3.40%Computacenter (CCC) 1,064.00p -3.27%Countryside Properties (CSP) 320.60p -3.14%Hammerson (HMSO) 337.60p -2.88%
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27 Jun 2019 11:16

Thursday broker round-up

(Sharecast News) - Rightmove: UBS downgrades to sell with a target price of 505p.

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18 Jun 2019 10:27

Woodford Raises Further GBP84 Million From London Stake Sales (ALLISS)

(Alliance News) - After a raft of London share sales in early June, Neil Woodford's Woodford Investment Management slowed its rate of listed-company disposals over the past Investment manages

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10 Jun 2019 13:33

Woodford Raises GBP500 Million From Flurry Of London Share Sales (ALLISS)

LONDON (Alliance News) - Over the past week, fund manager Neil Woodford's Woodford Investment Management has conducted a fire sale of its stakes in 20 London-listed companies - raising in of -

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7 Jun 2019 17:53

DIRECTOR DEALINGS: Countryside Non-Executive's Associate Buys Shares

LONDON (Alliance News) - Countryside Properties PLC said that Sally Louise Townsend, an associate of Non-Executive Director Simon Townsend, purchased GBP29,140 in shares in a transaction on bought

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16 May 2019 13:02

Thursday broker round-up

(Sharecast News) - Grainger: Numis downgrades to add with a target price of 295p.

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16 May 2019 09:13

Countryside Properties Interim Revenue Jumps On Increase Completions

LONDON (Alliance News) - Countryside Properties PLC on Thursday reported a slight reduction in its interim profit despite a significant revenue jump on the back of increased completions.For

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16 May 2019 07:27

Countryside Properties posts profit rise, hikes dividend

(Sharecast News) - Countryside Properties posted a rise in half-year profit on Thursday as completions and revenue rose and the home builder said it was on track to deliver volume and margin expectations for the full year.

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9 May 2019 16:12

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 10 May IAGQ1 ResultsMillennium & Copthorne Hotels Q1 AviationQ1

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18 Apr 2019 08:06

JPMorgan upgrades Countryside Properties after reassuring update

(Sharecast News) - JPMorgan Cazenove upped its stance on Countryside Properties to 'neutral' from 'underweight' on Thursday following the stock's year-to-date underperformance and a reassuring update on the earnings outlook a day earlier.

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17 Apr 2019 10:49

WINNERS & LOSERS SUMMARY: Bunzl Down On Slow Revenue Growth

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------DS up it

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17 Apr 2019 08:54

LONDON MARKET OPEN: Bunzl Shares Slump After Growth Warning

LONDON (Alliance News) - Stocks opened up in the red on Wednesday in London, with Bunzl shares sliding in the large-cap index and iron ore miners also losing out. The FTSE 100 was

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17 Apr 2019 08:44

Countryside Properties On Track After Solid Interim Performance

LONDON (Alliance News) - Countryside Properties PLC on Wednesday said it is on track to deliver annual results in line with views after a solid first-half performance.The FTSE 250 home a in

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17 Apr 2019 07:43

LONDON MARKET PRE-OPEN: Bunzl Growth Slows; SEGRO Starts 2019 Well

LONDON (Alliance News) - Stock prices in London are set to open in the red Wednesday, despite optimism over China's economy, in a busy day for UK corporate news.BHP Group has

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17 Apr 2019 07:31

Countryside Properties on track for full year; COO steps down

(Sharecast News) - Housebuilder Countryside Properties said on Wednesday that it was on track to deliver full-year results in line with expectations as it posted a 43% jump in first-half completions and announced the departure of its chief operating officer.

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10 Apr 2019 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 11 April WH SmithHalf Year Results easyHotelTrading ResourcesQ1 12

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