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FTSE 250 movers: Funding Circle falters, Ferrexpo flies

Wed, 01st May 2019 15:03

(Sharecast News) - London's FTSE 250 index was down 0.10% at 19,805.33 in afternoon trade on Wednesday, with Funding Circle leading the index downwards.Following close behind the peer-to-peer lending marketplace, Sirius Minerals dropped after successfully raising $425m as part of its a heavily-discounted $3.8bn capital raising to finance the next stage of development of its Woodsmith polyhalite mine in North Yorkshire.Analysts from Shore Capital said: "Successfully securing the Stage 2 financing is effectively the key to unlocking Sirius's vast potential, and we expect should catalyse a major re-rating of the shares. Beyond that, while Sirius would still be some years from becoming cash generative, an investment in the company should become progressively de-risked and enjoy significant value uplift as it advances towards production, we believe."Pub retailer and brewer Greene King fell after Berenberg analysts stated that it is an "opportune moment to sell" as the last of the soft comparatives now lie in the past, leaving a series of challenging comparisons ahead and earnings growth likely to turn negative in 2020.Indivior and Intu Properties followed suit ahead of respective results and a trading update later this week, while takeaway giant Domino's Pizza was also lower ahead of the release of its first quarter trading statement next week.Ferrexpo was the top riser after Liberum upped its stance on the stock to 'buy' form 'hold' as it said the recent selloff, which was precipitated by potential management involvement in the possible misappropriation of funds from a charity called Blooming Land, was overdone."We think it's highly unlikely management knew of or suspected any (potential) misallocation of funds before ceasing payments to the charity in May 2018. Assuming this becomes clearer following completion of the Independent Review, we expect the shares will rebound, despite our view of further softness in Chinese steel demand and a pull back in benchmark iron ore prices," said analysts.Finally, telecommunications testing outfit Spirent edged upwards after reporting that it saw positive momentum from its last trading year carry over into the first quarter of 2019.Market MoversFTSE 250 (MCX) 19,805.33 -0.10%FTSE 250 - RisersFerrexpo (FXPO) 216.54p 4.46%NewRiver REIT (NRR) 238.00p 3.70%Metro Bank (MTRO) 766.00p 2.13%Babcock International Group (BAB) 535.80p 2.06%Charter Court Financial Services Group (CCFS) 362.00p 1.97%Crest Nicholson Holdings (CRST) 392.40p 1.92%McCarthy & Stone (MCS) 130.60p 1.87%Petrofac Ltd. (PFC) 450.80p 1.69%Spirent Communications (SPT) 161.40p 1.64%IG Group Holdings (IGG) 518.00p 1.61%FTSE 250 - FallersFunding Circle Holdings (FCH) 233.14p -7.85%Sirius Minerals (SXX) 16.34p -6.20%Greene King (GNK) 613.98p -4.21%Acacia Mining (ACA) 140.30p -4.10%Indivior (INDV) 36.94p -3.37%Hilton Food Group (HFG) 982.00p -3.35%Domino's Pizza Group (DOM) 258.60p -3.33%Intu Properties (INTU) 91.88p -2.55%Cairn Energy (CNE) 167.10p -2.39%Kaz Minerals (KAZ) 631.43p -2.35%
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26 Apr 2021 15:20

Pubs and restaurants trade solidly post-lockdown - survey

(Sharecast News) - Britain's pubs and restaurants made a solid start to post-lockdown trading in England after they were allowed to serve customers outdoors, a survey indicated.

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3 Jan 2021 21:22

Sunday newspaper round-up: Restrictions, Brexit deal, Tax

(Sharecast News) - Sir Keir Starmer has urged Boris Johnson to bring in new national Covid restrictions within the next 24 hours. The Labour leader said the virus was "clearly out of control", as he insisted that it was "no good the Prime Minister hinting that further restrictions are coming into place in a week, or two or three. That delay has been the source of so many problems," he said. "So, I say bring in those restrictions now, national restrictions, within the next 24 hours." - Sunday Telegraph

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7 Oct 2020 14:08

Greene King to axe 800 jobs, close 79 pubs & restaurants

(Sharecast News) - Pub operator Greene King said it was cutting up to 800 jobs and closing 79 pubs and restaurants, blaming the government's new Covid-19 curfew and impending end of the job furlough scheme.

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6 Apr 2020 13:03

Pubs regulator to probe companies on Covid-19 help for tenants

(Sharecast News) - The pub industry regulator said it had written to all companies under its jurisdiction asking why they have not waived rent for tenants and demanded to know what support they are providing during the coronavirus crisis.

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17 Oct 2019 13:09

EU clears Greene King acquisition

(Sharecast News) - Greene King said on Thursday that the European Commission has cleared its £2.7bn takeover by Hong Kong's CK Asset Holdings.

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17 Oct 2019 12:29

Greene King Acquisition By CK Asset Gains European Commission Approval

Greene King Acquisition By CK Asset Gains European Commission Approval

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9 Oct 2019 12:06

CK Asset Holdings shareholders back Greene King takeover

(Sharecast News) - Shareholders of Hong Kong's CK Asset Holdings have approved its £2.7bn takeover of London-listed pub chain Greene King.

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9 Oct 2019 09:30

BROKER RATINGS SUMMARY: Morgan Stanley Cuts HSBC; Investec Raises RBS

BROKER RATINGS SUMMARY: Morgan Stanley Cuts HSBC; Investec Raises RBS

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2 Oct 2019 16:07

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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27 Sep 2019 18:18

Capital Group Cuts Whilst JPMorgan Builds Greene King Stake

Capital Group Cuts Whilst JPMorgan Builds Greene King Stake

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18 Sep 2019 12:06

Li Family Declares Support For Greene King's GBP4.6 Billion Takeover

(Alliance News) - Pub firm Greene King PLC on Wednesday said the Li family, a major shareholder, is to vote in favour of the firm's acquisition.The Li family trusts own just over 31% of

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13 Sep 2019 07:53

UPDATE 3-Pink gin with strawberries: Wetherspoon patrons defy Brexit gloom

* Sales of coffee, real ale and gin boost results* J D Wetherspoon keeps drink prices low* Costs remain high (Adds further CEO quotes)By Noor Zainab Hussain and Paul SandleLONDON, Sept 13 (Reuters) - J D Wetherspoon's eurosceptic boss said customer...

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13 Sep 2019 07:53

UPDATE 2-Pink gin with strawberries: Wetherspoon patrons defy Brexit gloom

* Sale of coffee, real ale and gin boost results* J D Wetherspoon keeps drink prices low* Costs remain high (Adds chairman, analyst comments)By Noor Zainab HussainSept 13 (Reuters) - J D Wetherspoon's pretax profit rose in the full year as its "che...

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12 Sep 2019 08:49

RPT-Foreign trophy hunters scent bargains in Britain as pound weakens

(Repeats with no changes to text)* HKEX's offer for LSE latest in rush of inbound UK M&A* Foreign firms taking advantage of weakened pound* Analysts expect more M&A before Brexit deadline* 532 inbound deals in 2018, 2-1/2 times more than 2017By Josep...

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11 Sep 2019 17:10

Foreign trophy hunters scent bargains in Britain as pound weakens

* HKEX's offer for LSE latest in rush of inbound UK M&A* Foreign firms taking advantage of weakened pound* Analysts expect more M&A before Brexit deadline* 532 inbound deals in 2018, 2-1/2 times more than 2017By Josephine Mason, Thyagaraju Adinarayan...

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