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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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21 Jun 2019 17:05

LONDON MARKET CLOSE: Stocks Slip, Commodities Up On US-Iran Troubles

(Alliance News) - Shares in London ended in the red Friday but commodities prices continued to surge as tension between the US and Iran showed no signs of cooling.The FTSE 100 index closed down or

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21 Jun 2019 15:37

Directors deals: Dixons Carphone's entire board buys in near nine-year lows

(Sharecast News) - The entire board of Dixons Carphone picked up some shares in the electronics retailer at the end of the week.

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21 Jun 2019 13:30

Friday broker round-up

(Sharecast News) - Weir Group: Liberum downgrades to buy with a target price of 1,650p.

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21 Jun 2019 10:30

WINNERS & LOSERS SUMMARY: IQE's Profit Pain, SolGold's Ecuador Boost

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Halma, up

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21 Jun 2019 09:29

BROKER RATINGS SUMMARY: Morgan Stanley Cuts HSBC To Equal-Weight

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:----------FTSE 100----------MORGAN STANLEY CUTS TO PRICE TO TO

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20 Jun 2019 16:50

LONDON MARKET CLOSE: FTSE Rises As Gold Sparkles After Dovish US Fed

(Alliance News) - A trio of cautious central banks helped London stocks climb on Thursday, with the Bank of England the latest to chime in with a downbeat outlook. The BoE's comments came a US

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20 Jun 2019 13:21

Thursday broker round-up

(Sharecast News) - Halma: UBS upgrades to neutral with a target price of 2,060p.

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20 Jun 2019 12:24

REPEAT: LONDON MARKET MIDDAY: BOE Says UK Economy Weakening

(Alliance News) - Share prices in London were higher on Thursday with central banks remaining in focus after the US Federal Reserve boosted stocks and knocked the dollar by matching the European a

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20 Jun 2019 12:13

LONDON MARKET MIDDAY: Bank Of England Says UK Economy Weakening

(Alliance News) - Share prices in London were higher on Wednesday with central banks remaining in focus after the US Federal Reserve boosted stocks and knocked the dollar by matching the European

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20 Jun 2019 10:45

WINNERS & LOSERS SUMMARY: Fresnillo Gains As Gold Surges On Dovish Fed

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 5.4%. "The biggest headline from last was

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20 Jun 2019 09:11

LONDON MARKET OPEN: Gold Miners Gain On Fed; Dixons Plunges On Results

(Alliance News) - Stocks and gold were seeing buyers early Thursday, after the US Federal Reserve all but confirmed an interest rate cut next month. Mexican gold miner Fresnillo a

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20 Jun 2019 09:09

TOP NEWS: Dixons Carphone Shares Sink On UK Mobile Market Woes

(Alliance News) - Shares in Dixons Carphone PLC plummeted Thursday after it warned that an increasingly changing UK mobile market will further hurt results in the new 2020 financial company also a

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20 Jun 2019 07:55

LONDON MARKET PRE-OPEN: Higher Open On US Fed; Dixons Carphone In Loss

(Alliance News) - Stock prices in London are called higher on Thursday, after the Federal Reserve signalled the likelihood of US interest rate cuts in the months ahead.Meanwhile, among UK swung to

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20 Jun 2019 07:32

Dixons Carphone FY slumps; warns of big fall this year

(Sharecast News) - Electricals and mobile phone retailer Dixons Carphone reported a slump in full year profits and warned of further falls in the current trading year.

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