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FTSE 250 movers: Mitie hit by minimum wage dispute, Enterprise Inns higher on expansion plans

Wed, 13th May 2015 13:16

UK stocks rebounded on Wednesday, driven by the Bank of England pushing back rate-hike predictions and a dip in unemployment. Sector-wise, property, energy and engineering stocks extended gains, while travel and utilities dipped.As of 03:30, the FTSE 250 was trading 193 points, or 1.09% higher at 17,881.Mitie Group led the fallers after being called to answer allegations that it has failed to pay care worker staff the UK minimum wage in England and Wales by HMRC. Chief executive, Ruby McGregor-Smith, will this week meet senior officials after this week to discuss the claims.Animal genetics company Genus reversed from Tuesday's gains, which were driven by strong volumes, revenues and adjusted profit before tax results in a trading update.Enterprise Inns was trading higher after impressing investors with plans to increase direct management of pubs and grow its commercial property business. The group said it planned to free some of its food-led pubs estate from the beer tie and negotiate rent-only terms, opening up the possibility of conversion to REIT status.Gold miner Centamin was making gains, despite gold output falling in the first quarter due to lower open pit grades. Lower-than-expected costs helped offset weak production's blow to the bottom line.Premier Oil was among the risers after revealing that its exploration and drilling programme was on track as of 30 April and the firm continued to enjoy significant liquidity. In a trading statement covering the first four months of 2015. The company said it was delivering significant and sustainable savings in its operating costs, including through lower general and administrative expenses.Private healthcare service provider Al Noor Hospitals Group extended Tuesday's gains, which were driven by first quarter results in line with expectations. RisersCentamin (DI) (CEY) 66.50p +6.49%Countrywide (CWD) 583.00p +5.04%Acacia Mining (ACA) 301.10p +4.99%Smith (DS) (SMDS) 367.90p +4.79%Petrofac Ltd. (PFC) 892.50p +4.75%Ted Baker (TED) 2,850.00p +4.47%Crest Nicholson Holdings (CRST) 479.60p +4.26%Bellway (BWY) 2,194.00p +4.03%AL Noor Hospitals Group (ANH) 851.50p +3.97%Premier Oil (PMO) 187.30p +3.77%FallersJardine Lloyd Thompson Group (JLT) 1,015.00p -2.59%Man Group (EMG) 171.80p -2.55%Mitie Group (MTO) 292.30p -2.53%Enterprise Inns (ETI) 134.00p -1.47%Bank of Georgia Holdings (BGEO) 1,754.00p -1.46%Pace (PIC) 417.30p -0.97%Grafton Group Units (GFTU) 813.00p -0.97%Pets at Home Group (PETS) 267.20p -0.93%Zoopla Property Group (WI) (ZPLA) 216.60p -0.78%Indivior (INDV) 223.70p -0.71%
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(ShareCast News) - Enterprise Inns said on Thursday that it is on track to deliver its expectations for the full year as it announced a change of name to Ei Group. In a trading update for the 18 weeks to 4 February, the company reported like-for-like net income growth of 1.6% in the Ei Publican Part

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9 Feb 2017 07:41

Enterprise Inns Changes Name To Ei Group Amid Income Improvement

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15 Nov 2016 09:57

Enterprise Inns serves up results in line with last year

(ShareCast News) - Pub owner Enterprise Inns announced its results for the year to 30 September on Tuesday, with EBITDA before exceptional items of £292m, down slightly from £296m a year earlier, which was in line with expectations and reflecting the impact of planned disposals. The company's profit

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13 Jun 2016 10:04

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(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B

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17 May 2016 16:18

Enterprise Inns trading in line after lifting H1 profit

(ShareCast News) - Enterprise Inns said second-half trading is in line with its expectations, despite being hurt by the timing of the Easter weekend and after improving its first-half pre-tax profit to £40m, from £10m. Its revenues improved marginally to £305m, from £302m. Enterprise Publican Partn

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22 Mar 2016 13:29

Enterprise Inns net income up, share buyback announced

(ShareCast News) - Pub group Enterprise Inns rallied on Tuesday as it reported growth in like-for-like net income and announced a share buyback programme. In a trading update for the 25 weeks to 19 March, the company said LFL net income grew 1.5% in the leased and tenanted estate, which was ahead of

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22 Mar 2016 08:12

Enterprise Inns Announces Share Buyback On Good First-Half Trading

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