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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%
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20 Jun 2016 07:44

Electra Private Equity loses two board members

(ShareCast News) - Investment trust Electra Private Equity announced the resignation of two of its directors on Monday, with Dame Kate Barker and Francesca Barnes departing with immediate effect. The FTSE 250 firm said Barker joined the board in 2010 and was chairman of the remuneration and nominati

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20 Jun 2016 06:48

Electra board members resign after company shake-up

LONDON, June 20 (Reuters) - Electra Private Equity, which has been the focus of a campaign by activist investor Edward Bramson, said on Monday that board members Kate Barker and Francesca Barnes were resigning with immediate effect. The resignations follow the appointments within the last t

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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

(ShareCast News) - Electra Private Equity announced the cancellation of a large credit facility on Tuesday. The FTSE 250 firm said that, having carefully reviewed its cash position, it has decided to cancel its existing £275m multi-currency revolving credit facility. Its board confirmed that the fa

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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

DIRECTOR DEALINGS: Edward Bramson Buys Electra Shares For GBP175,014

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6 Jun 2016 08:32

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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

(Repeats to add Reuters Instrument Code for Electra) AMSTERDAM, June 6 (Reuters) - Intertrust plans to buy rival Elian for 435 million pounds ($625.31 million) from private equity firm Electra to expand in the Cayman Islands, Guernsey, Luxembourg and the Netherlands, the Dutch trust firm sa

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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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27 May 2016 11:53

DIRECTOR DEALINGS: Bramson Buys Electra Shares After Being Named CEO

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