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FTSE 250 movers: Petrofac flows lower, Dixons Carphone recovers

Tue, 25th Jun 2019 15:17

(Sharecast News) - London's FTSE 250 fell 0.20% lower to 19,260.82 in afternoon trade on Tuesday, with Petrofac leading the index lower.Stock in the oil services company was weaker after a mixed trading update in which it stated that trading was in line with previous guidance but warned that new order intake for the year to date reflected recent challenges in Saudi Arabia and Iraq.Analysts at Berenberg said: "Overall this a mixed update with stronger revenue in engineering & construction (E&C) and high realisations in integrated energy services likely offsetting the weaker E&C margin outlook and representing some potential upside surprise to consensus earnings for 2019. Set against this is a relatively weak order intake and higher-than-expected net debt."Shares of Royal Mail slipped after Citigroup analysts cut the stock's target price to 150p and reiterated their 'sell' rating, stating that the mail delivery firm's three and five year targets "appear ambitious" and adding that the company would face great risk in the event of a 'no deal' Brexit.Imperial Leather maker PZ Cussons dropped after being hit by an initiation at 'sell' by Panmure Gordon, with the stock's price target set at 175p.Dixons Carphone led the risers higher as it recovered from a drop caused by its profit warning last week, while Acacia, Centamin, Polymetal and Hochschild Mining all rallied amid lower interest rates, a weaker dollar and geopolitical uncertainty.Quilter climbed after Bloomberg reported that the wealth manager is considering a sale of its closed-book UK life insurance portfolio, with reports speculating that the assets could fetch about $500m.Finally, William Hill edged higher after Morgan Stanley said US casino owner Eldorado's agreed merger with Caesars makes the London-listed company's position for US sports betting "more powerful, with wider market access, boosted revenues and potential optionality on brand, database and media assets."Market MoversFTSE 250 (MCX) 19,260.82 -0.20%FTSE 250 - RisersDixons Carphone (DC.) 114.05p 5.99%Acacia Mining (ACA) 191.40p 4.99%Plus500 Ltd (DI) (PLUS) 604.80p 3.77%Centamin (DI) (CEY) 116.35p 3.65%Polymetal International (POLY) 988.40p 3.07%Senior (SNR) 231.20p 2.76%Sequoia Economic Infrastructure Income Fund Limited (SEQI) 113.00p 2.73%Quilter (QLT) 141.26p 2.54%Hochschild Mining (HOC) 190.70p 2.47%William Hill (WMH) 148.55p 2.31%FTSE 250 - FallersPetrofac Ltd. (PFC) 407.30p -6.04%Funding Circle Holdings (FCH) 223.00p -5.51%Royal Mail (RMG) 197.50p -4.27%Stagecoach Group (SGC) 121.20p -3.73%Woodford Patient Capital Trust (WPCT) 55.88p -3.66%PZ Cussons (PZC) 214.00p -3.60%Amigo Holdings (AMGO) 218.00p -3.54%Future (FUTR) 982.00p -3.54%Vivo Energy (VVO) 126.40p -3.51%Network International Holdings (NETW) 547.00p -3.19%
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21 Jan 2020 13:51

UPDATE: Dixons Carphone Misreports Sales Growth After "Clerical Error"

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21 Jan 2020 11:59

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21 Jan 2020 10:34

UK WINNERS & LOSERS SUMMARY: Dixons Carphone Rises On Festive Trading

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LONDON MARKET OPEN: easyJet Climbs After Raising Revenue Guidance

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TOP NEWS: Dixons Enjoys Strong Peak Season Despite Weak UK Retailing

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21 Jan 2020 08:00

Dixons Carphone reports mixed performance over festive period

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17 Jan 2020 16:03

UK Dividends Calendar - Next 7 Days

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LONDON MARKET MIDDAY: Caution As US Banks To Kick Off Earnings Season

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14 Jan 2020 11:54

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(Sharecast News) - DFS: Jefferies downgrades to hold with a target price of 275p.

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14 Jan 2020 10:52

UK WINNERS & LOSERS SUMMARY: Elementis And McBride Down After Warnings

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