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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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29 Apr 2020 07:50

Dixons scraps divi; Online sales offsetting store closure impact

(Sharecast News) - Electrical retailer Dixons Carphone scrapped its dividend amid the ongoing coronavirus crisis adding that consumer shopping habits had adapted to life under the lockdown.

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8 Apr 2020 14:50

FTSE 250 movers: Hyve Group gains after pulling dividend, founder switches out of Dixons Carphone

(Sharecast News) - London's second-tier index was trading firmly higher on Wednesday afternoon, outperforming peers on the Continent by a wide margin.

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1 Apr 2020 15:01

O2 cuts ties with Carphone Warehouse

(Sharecast News) - UK mobile network O2 said it had ended its partnership with Carphone Warehouse after it failed to agree to a new deal with the retailer.

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30 Mar 2020 12:03

LONDON MARKET MIDDAY: Oil Stocks Outperform As FTSE 100 Edges Lower

LONDON MARKET MIDDAY: Oil Stocks Outperform As FTSE 100 Edges Lower

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30 Mar 2020 11:44

Monday broker round-up

(Sharecast News) - Cineworld Group: JP Morgan downgrades to neutral with a target price of 90p.

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30 Mar 2020 11:08

UK WINNERS & LOSERS SUMMARY: easyJet Falls After Grounding Fleet

UK WINNERS & LOSERS SUMMARY: easyJet Falls After Grounding Fleet

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30 Mar 2020 10:34

RBC Capital downgrades Dixons Carphone

(Sharecast News) - RBC Capital Markets downgraded its stance on shares of Dixons Carphone to 'underperform' from 'sector perform' on Monday, cutting the price target to 75p from 90p.

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30 Mar 2020 09:48

UK BROKER RATINGS SUMMARY: RBC Raises Rentokil But Cuts AB Foods

UK BROKER RATINGS SUMMARY: RBC Raises Rentokil But Cuts AB Foods

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26 Mar 2020 12:14

LONDON MARKET MIDDAY: Stimulus Rally Ends; BoE Takes No Further Action

LONDON MARKET MIDDAY: Stimulus Rally Ends; BoE Takes No Further Action

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26 Mar 2020 09:09

TOP NEWS: Dixons Carphone Gets Online Boost But Profit Still To Suffer

TOP NEWS: Dixons Carphone Gets Online Boost But Profit Still To Suffer

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26 Mar 2020 08:03

LONDON BRIEFING: New Work-From-Homers Boost Dixons Online Sales

LONDON BRIEFING: New Work-From-Homers Boost Dixons Online Sales

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26 Mar 2020 07:45

LONDON MARKET PRE-OPEN: Dixons Gets Sales Boost But To Miss Guidance

LONDON MARKET PRE-OPEN: Dixons Gets Sales Boost But To Miss Guidance

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26 Mar 2020 07:09

Dixons Carphone warns on profit, pulls guidance

(Sharecast News) - Electrical retailer Dixons Carphone warned on profits, pulled on guidance and placed its final dividend on review as the coronavirus pandemic hit trading.

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18 Mar 2020 09:30

UK BROKER RATINGS SUMMARY: Jefferies And Exane BNP Both Raise Reckitt

UK BROKER RATINGS SUMMARY: Jefferies And Exane BNP Both Raise Reckitt

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17 Mar 2020 16:59

LONDON MARKET CLOSE: FTSE 100 Ends Higher In Another Rocky Session

LONDON MARKET CLOSE: FTSE 100 Ends Higher In Another Rocky Session

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