The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCSP.L Share News (CSP)

  • There is currently no data for CSP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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%
More News
29 Jun 2021 12:24

LONDON MARKET MIDDAY: Stocks lose steam on variant fear; US banks rise

LONDON MARKET MIDDAY: Stocks lose steam on variant fear; US banks rise

Read more
29 Jun 2021 08:49

LONDON MARKET OPEN: Housebuilders rise as UK house prices jump

LONDON MARKET OPEN: Housebuilders rise as UK house prices jump

Read more
29 Jun 2021 08:35

TOP NEWS: Barratt poaches Countryside's Scott for finance chief role

TOP NEWS: Barratt poaches Countryside's Scott for finance chief role

Read more
29 Jun 2021 07:48

LONDON MARKET PRE-OPEN: UDG agrees increased GBP2.76 billion takeover

LONDON MARKET PRE-OPEN: UDG agrees increased GBP2.76 billion takeover

Read more
29 Jun 2021 07:06

Barratt hires Countryside's Mike Scott as CFO

(Sharecast News) - Barratt Developments has hired Mike Scott from Countryside Properties as its next chief financial officer.

Read more
23 Jun 2021 09:13

TOP NEWS: Persimmon, Aviva to refund leaseholders after UK CMA probe

TOP NEWS: Persimmon, Aviva to refund leaseholders after UK CMA probe

Read more
22 Jun 2021 09:39

BROKER RATINGS: JPMorgan raises British Land and Landsec; boohoo cut

BROKER RATINGS: JPMorgan raises British Land and Landsec; boohoo cut

Read more
15 Jun 2021 13:39

Tuesday broker round-up

(Sharecast News) - Page Group: Morgan Stanley downgrades to underweight with a target price of 545p.

Read more
15 Jun 2021 09:31

BROKER RATINGS: Anglo American and PageGroup receive downgrades

BROKER RATINGS: Anglo American and PageGroup receive downgrades

Read more
28 May 2021 09:35

BROKER RATINGS: Barclays ups Vistry to Overweight from Equal Weight

BROKER RATINGS: Barclays ups Vistry to Overweight from Equal Weight

Read more
28 May 2021 08:21

Barclays upgrades Vistry to 'overweight'

(Sharecast News) - Barclays lifted its price targets for Vistry and Countryside Properties on Friday as it said they are both leading players in Partnerships, which is a growth area within the UK housing market with increasing government support for development of all types of tenure.

Read more
14 May 2021 17:27

IN BRIEF: Countryside Properties Non-Exec Chair Martin buys shares

IN BRIEF: Countryside Properties Non-Exec Chair Martin buys shares

Read more
13 May 2021 11:08

Recovery builds at Countryside Properties after solid revenue growth

Recovery builds at Countryside Properties after solid revenue growth

Read more
13 May 2021 10:19

Countryside Properties revenues rise but profits hit by writedown

(Sharecast News) - Countryside Properties backed its full-year expectations on Thursday as it reported a jump in revenue amid strength in the private for sale market, but said profit was dented by a writedown related to remedial work on high-rise developments.

Read more
11 May 2021 09:43

BROKER RATINGS: Vodafone on Goldman Sachs' Conviction Buy List

BROKER RATINGS: Vodafone on Goldman Sachs' Conviction Buy List

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.