Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksELTA.L Share News (ELTA)

  • There is currently no data for ELTA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 250 movers: Ibstock retreats as Pets at Home accelerates

Thu, 26th May 2016 14:30

(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months before reaching a positive plumb-line.While its directors expected another year of progress, and its full-year views were broadly unchanged, the company added that growth of UK brick sales into the key new residential sector were slower than expected due to destocking in the builders' merchant supply chain.Inchcape slipped as it noted a good start to the year, in line with expectations, was let down as figures out of its footprints in Europe and North Asia were more subdued than for UK, South Asia and Emerging Markets.The car dealer said revenue for the period 1 January to 25 May was up 12.8% to £2.47 billion, with like-for-like revenue up 12.4%.But, along with Ibstock and Mitchells & Butlers, its shares retreated they went ex-dividend on Thursday.For the pub company this somewhat undermined an HSBC upgrade of its shares the previous day to 'buy' from 'hold,' accompanied with a new target price of 340p, from 300p.To the upside, shares in Pets at Home improved as it hiked its full-year pre-tax profit to £92.1 million, from £90.2 million. Revenue was £793.1 million, from £777.8 million.Paypoint managed gains, too, as the market digested Wednesday's news of an impairment-dented set of full-year results. Pre-tax profit slumped to £8.2 million, from £49.6 million, with the mobile payments business booking a £30.8 million impairment in the absence of a sale.B&M European Value Retail, the discounter chaired by Sir Terry Leahy, was ahead after declaring a special dividend as it posted final results showing strong sales, profits and cash generation.Shares in Paysafe rallied after it said on Wednesday that full-year revenue and earnings were seen to be ahead of market consensus.In a trading update, Paysafe said it saw revenue at $950-$970 million, and adjusted earnings before interest, tax, depreciation and amortisation at $270-$276 million.Electrocomponents was ahead after it was upgraded to 'sector perform' from 'underperform' by RBC Capital Markets, which lifted its target price to 270p from 185p.FTSE 250 - RisersThomas Cook Group (TCG) 75.75p 4.20%Pets at Home Group (PETS) 259.30p 4.01%Kaz Minerals (KAZ) 154.90p 3.96%PayPoint (PAY) 903.00p 3.32%Electrocomponents (ECM) 292.00p 3.29%OneSavings Bank (OSB) 319.10p 3.27%Polymetal International (POLY) 826.50p 3.05%Aldermore Group (ALD) 216.10p 3.05%B&M European Value Retail S.A. (DI) (BME) 290.30p 2.83%Paysafe Group (PAYS) 417.60p 2.58%FTSE 250 - FallersIbstock (IBST) 202.00p -9.70%Electra Private Equity (ELTA) 3,790.00p -4.17%Restaurant Group (RTN) 357.50p -3.51%Amec Foster Wheeler (AMFW) 456.20p -3.27%Rathbone Brothers (RAT) 1,937.00p -3.15%Spectris (SXS) 1,660.00p -3.09%Genus (GNS) 1,524.00p -2.93%Mitchells & Butlers (MAB) 291.40p -2.67%Inchcape (INCH) 694.00p -2.66%Jimmy Choo (CHOO) 115.50p -2.61%
More News
10 Jan 2022 11:08

SMALL-CAP WINNERS & LOSERS: Canadian Overseas soars on oil discovery

SMALL-CAP WINNERS & LOSERS: Canadian Overseas soars on oil discovery

Read more
10 Jan 2022 10:25

Electra set to be Unbound, reports Hotter revenue rise at end of 2021

Electra set to be Unbound, reports Hotter revenue rise at end of 2021

Read more
10 Jan 2022 08:13

LONDON BRIEFING: Tortilla Mexican Grill sizzles in Q4 despite Omicron

LONDON BRIEFING: Tortilla Mexican Grill sizzles in Q4 despite Omicron

Read more
23 Dec 2021 15:54

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
9 Dec 2021 10:49

IN BRIEF: Electra Private Equity sets listing as Unbound for January

IN BRIEF: Electra Private Equity sets listing as Unbound for January

Read more
2 Dec 2021 13:17

IN BRIEF: Electra Private Equity outlines transition, assets rise

IN BRIEF: Electra Private Equity outlines transition, assets rise

Read more
2 Nov 2021 20:39

IN BRIEF: Electra to shift business to Hotter after Hostmore demerger

IN BRIEF: Electra to shift business to Hotter after Hostmore demerger

Read more
25 Oct 2021 16:03

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
15 Oct 2021 11:56

Electra Private Equity believes Hostmore demerger will unlock value

Electra Private Equity believes Hostmore demerger will unlock value

Read more
15 Oct 2021 07:53

LONDON MARKET PRE-OPEN: HL assets rise but dealing volume falls back

LONDON MARKET PRE-OPEN: HL assets rise but dealing volume falls back

Read more
1 Oct 2021 11:59

IN BRIEF: Sherborne Investors B calls meeting to approve liquidation

IN BRIEF: Sherborne Investors B calls meeting to approve liquidation

Read more
16 Sep 2021 19:27

IN BRIEF: Electra reports strong performance from Hostmore business

IN BRIEF: Electra reports strong performance from Hostmore business

Read more
17 Aug 2021 11:18

Electra Private Equity says Hotter Shoes to be Unbound from shoe focus

Electra Private Equity says Hotter Shoes to be Unbound from shoe focus

Read more
16 Jun 2021 10:59

Electra to list Hostmore as vehicle for TGI Friday 63rd+1st brands

(Sharecast News) - Private equity outfit Electra on Wednesday said it planned to demerge its TGI Fridays restaurant and bar chain later this year via a new listed vehicle.

Read more
16 Jun 2021 09:30

Electra Private Equity dubs soon-to-be listed TGI Fridays arm Hostmore

Electra Private Equity dubs soon-to-be listed TGI Fridays arm Hostmore

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.