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FTSE 250 movers: Halfords leads the peloton

Thu, 21st Jan 2016 15:41

(ShareCast News) - The FTSE 250 was in the black mid-afternoon Thursday, up 164.74 points (1.05%) to 15,805.75.Halfords pedalled to the front of the peloton after it said group like-for-like sales rose 0.3% in the third quarter with the company reporting that full year pre-tax profit expectations would be unchanged.The car parts and bikes retailer added that full year retail gross margins would fall to -25 to -75 basis points, but that full year retail operating cost growth to be in the range of +1.0 - 2.0% against previous guidance of +2.5 - 3.5%. Group pre-tax profits were expected to be in the range of £78m-£82m. For the quarter, retail like-for-like sales were flat, while at the Autocentres division they rose 1.9%. In cycling, growth in sales of bikes and cycle repair more than offset a small decline in parts, accessories and clothing, while in motoring, car maintenance sales were impacted by the warm weather, partially offset by a strong performance in sales of wiper blades and bulbs, and continued growth in fitting services.Shares in specialist clothing retailer N Brown rocketed as it posted a jump in third quarter revenue and said it was on track to meet full year expectations. In the 18 week period to 2 January 2016, group revenue rose 4.1%, with like-for-like sales also up 4.1% and the online business performing particularly well.Online penetration increased 5 percentage points year-on-year to 66%, with total online sales up 13%. Meanwhile, 75% of new customer demand was generated online during the period, which is an increase of 7 percentage points.It was a slightly different picture for high street stores, however, which saw flat sales on a like-for-like basis and in year -on-year terms. The company said its 'power brands' - JD Williams, Simply Be and Jacamo - all performed well, with double-digit growth in the period. The Simply Be brand saw strong growth in the US, with year-on-year turnover growth of 20% at constant-currency.Tanzania-focused Acacia Mining also had a good day after it said gold production edged up in 2015 and announced plans to raise guidance for this year following the ramp-up of the flagship Bulyanhulu mine.Gold output was 2% higher on the year at 731,912 ounces, which the company attributed in part to the ramp-up at Bulyanhulu in the last three months of the year. For the fourth quarter, gold production was up 11% from the same period a year ago to 200,723 ounces as output at Bulyanhulu increased and thanks to improved grades and recoveries at North Mara.Electra Private Equity was the second-tier market's biggest faller after it went ex-dividend today, paying 78p per share. In October the investment firm posted results showing it increased its net profit by 78% to £332m for the year and posted a net asset value return of 25%. It reported the diluted net asset value per share was 3,914p, equating to a total return of 25%. The company had £188m invested in the year, with £259m realised and a total portfolio return of £429m - 34% on the opening portfolio - and had a total investment portfolio of £1.63bn.FTSE 250 - RisersHalfords Group (HFD) 361.80p 11.32%Brown (N.) Group (BWNG) 307.40p 9.40%Acacia Mining (ACA) 175.60p 8.53%OneSavings Bank (OSB) 307.50p 8.27%Tullow Oil (TLW) 127.30p 7.70%Amec Foster Wheeler (AMFW) 372.50p 7.69%Evraz (EVR) 63.85p 7.22%Ocado Group (OCDO) 282.60p 6.64%Countrywide (CWD) 350.50p 5.60%Drax Group (DRX) 220.50p 5.45%FTSE 250 - FallersElectra Private Equity (ELTA) 3,400.00p -5.05%IP Group (IPO) 170.80p -3.88%Home Retail Group (HOME) 134.70p -3.79%Just Eat (JE.) 404.80p -3.27%P2P Global Investments (P2P) 930.00p -3.02%Clarkson (CKN) 2,006.00p -2.86%P2P Global Investments C (P2P2) 930.00p -2.52%PZ Cussons (PZC) 263.60p -2.51%IG Group Holdings (IGG) 711.00p -2.40%Rightmove (RMV) 3,724.00p -2.18%
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20 Jun 2016 07:44

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20 Jun 2016 06:48

Electra board members resign after company shake-up

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20 Jun 2016 06:31

TOP NEWS: Electra Private Equity Directors Barker And Barnes Step Down

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17 Jun 2016 15:07

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14 Jun 2016 08:56

Electra cancels large credit facility

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14 Jun 2016 07:03

Electra To Cancel "Surplus" GBP275 Million Revolving Credit Facility

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9 Jun 2016 14:22

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6 Jun 2016 10:43

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6 Jun 2016 07:33

Electra sells Elian to Intertrust for £435m

(ShareCast News) - Electra Partners said it had agreed to sell corporate services provider Elian to Intertrust Group for £435m. After completion of the deal, which is expected during the third or final quarter of 2016, Electra said it expected to receive total proceeds of around £200m, an uplift of

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6 Jun 2016 06:41

RPT-Dutch trust operator Intertrust buys Elian for 435 million pounds

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6 Jun 2016 06:31

TOP NEWS: Electra To Get GBP200 Million From Elian Sale

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27 May 2016 14:18

Directors dealings: Activist investor Bramson tops up stake in Electra

(ShareCast News) - Electra boss Edward Bramson picked up another large slice of shares in the listed private equity outfit on the same day of his appointment as interim chief executive officer of the firm. Bramson and one of his associates, Ian Brindle, were named to Electra Private Equity´s board o

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DIRECTOR DEALINGS: Bramson Buys Electra Shares After Being Named CEO

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