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FTSE 250 movers: Acacia sparkles, Kier slips

Fri, 21st Jun 2019 15:19

(Sharecast News) - London's FTSE 250 was down 0.26% at 19,333.51 in afternoon trade on Friday, as troubled construction outfit Kier led the index lower.Meanwhile, Dixons Carphone declined for the second day in a row after posting a drop in full-year profit on Thursday and warning of further falls for the current trading year.Analysts at Barclays downgraded their price target for the stock and cut 2019 earnings per share estimates from 0.22p to 0.14p, citing surprise at the electronics retailer's gloomy outlook for its mobile unit.Shares in Domino's Pizza slumped after the company denied speculation that Andrew Rennie, the chief executive for Europe, was set to take over from UK & Ireland boss David Wild.Domino's stock had risen sharply on Thursday after Sky News said the company was in advanced talks to replace Wild with Rennie, but Domino's said in a statement on the ASX on Friday that there is "no substance" to the speculation, and that Rennie has confirmed he is "committed to his current role".At the other end of the pitch, gold miner Acacia shone after gold prices breached the $1,400 an ounce level for the first time since 2013 amid dovish signals from major central banks and rising tensions in the Middle East.Joshua Mahony, senior market analyst at IG, said: "The gold spike is driven by risk-off sentiment alongside dollar weakness, with overnight talk of a cancelled US strike on Iranian targets highlighting how close we are from a huge ramp-up in conflict between the two nations. While Trump may have called off the strike, the prospect of greater tension in the Middle East sent Brent crude into a three-week high this morning."Finally, SSP Group climbed as analysts at Shore Capital restated their 'buy' rating for the stock and lauded its "significant" profit growth, Paragon Banking Group edged higher to recover ground it lost on Thursday, when RBC Capital Markets downgraded the stock to 'underperform' from 'sector perform' and cut its price target to 410p from 440p.Market MoversFTSE 250 (MCX) 19,333.51 -0.26%FTSE 250 - RisersAcacia Mining (ACA) 184.50p 4.89%SSP Group (SSPG) 671.00p 3.71%Spirent Communications (SPT) 152.60p 3.53%Saga (SAGA) 36.74p 3.49%TI Fluid Systems (TIFS) 202.50p 3.21%Rank Group (RNK) 158.60p 2.72%PZ Cussons (PZC) 212.00p 2.66%Greencore Group (GNC) 217.30p 2.40%Polymetal International (POLY) 947.20p 2.27%Paragon Banking Group (PAG) 444.00p 2.26%FTSE 250 - FallersKier Group (KIE) 116.72p -7.59%Bakkavor Group (BAKK) 120.00p -7.41%Dixons Carphone (DC.) 110.50p -6.51%Indivior (INDV) 42.88p -4.67%Contour Global (GLO) 176.19p -4.35%Vivo Energy (VVO) 133.40p -4.03%Games Workshop Group (GAW) 4,754.00p -3.69%Domino's Pizza Group (DOM) 270.00p -3.50%Amigo Holdings (AMGO) 232.06p -3.11%John Laing Group (JLG) 374.72p -2.97%
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13 Dec 2019 09:24

UK BROKER RATINGS SUMMARY: HSBC Upgrades Both IAG And Ryanair To Buy

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12 Dec 2019 12:16

LONDON MARKET MIDDAY: Pound Dips As Traders Brace For UK Exit Poll

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12 Dec 2019 10:40

UK WINNERS & LOSERS SUMMARY: John Laing Slumps On Net Asset Downgrade

UK WINNERS & LOSERS SUMMARY: John Laing Slumps On Net Asset Downgrade

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12 Dec 2019 08:59

TOP NEWS: Dixons Carphone "On The Right Path" As Interim Loss Narrows

TOP NEWS: Dixons Carphone "On The Right Path" As Interim Loss Narrows

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12 Dec 2019 08:45

LONDON MARKET OPEN: Pound Firm But Rocky Day Seen Ahead As UK Votes

LONDON MARKET OPEN: Pound Firm But Rocky Day Seen Ahead As UK Votes

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12 Dec 2019 07:53

LONDON MARKET PRE-OPEN: Dixons Loss Narrows; PZ Cussons CEO Departs

LONDON MARKET PRE-OPEN: Dixons Loss Narrows; PZ Cussons CEO Departs

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12 Dec 2019 07:33

Dixons Carphone reiterates guidance despite profit tumble

(Sharecast News) - Dixons Carphone on Thursday reported a plunge in interim profit as mobile phone sales slumped, but still held full year guidance.

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5 Dec 2019 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

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29 Nov 2019 10:39

UK WINNERS & LOSERS SUMMARY: Ocado Jumps On Japan Platform Deal

UK WINNERS & LOSERS SUMMARY: Ocado Jumps On Japan Platform Deal

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29 Nov 2019 09:40

ThinkSmart Shares Down On Legal Proceedings Against Carphone Warehouse

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6 Nov 2019 14:34

FTSE 250 movers: Wood Group falls, M&S rallies

(Sharecast News) - London's second-tier was 0.48% lower at 20,198.20 in afternoon trade on Wednesday, with John Wood Group leading the index lower.

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5 Nov 2019 13:25

RBC Capital downgrades Next, Dixons Carphone

(Sharecast News) - RBC Capital Markets downgraded its stance on shares of Next and Dixons Carphone on Tuesday as it took a look at the European general retail sector, highlighting a preference for companies showing "structural growth".

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5 Nov 2019 11:57

Tuesday broker round-up

(Sharecast News) - HSBC: Berenberg downgrades to sell with a target price of 490p.

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5 Nov 2019 10:38

UK WINNERS & LOSERS SUMMARY: AB Foods Rises As Primark Adds US Stores

UK WINNERS & LOSERS SUMMARY: AB Foods Rises As Primark Adds US Stores

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5 Nov 2019 09:34

UK BROKER RATINGS SUMMARY: HSBC Raises Ryanair, Deutsche Bank Cuts

UK BROKER RATINGS SUMMARY: HSBC Raises Ryanair, Deutsche Bank Cuts

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