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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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6 Sep 2019 15:54

Greene King Faces Shareholder Opposition To Remuneration Report

(Alliance News) - Greene King PLC said a third of its shareholders rejected a motion to approve a directors' remuneration report during the company's annual general meeting on pub operator

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6 Sep 2019 07:46

Greene King Q1 beer sales fall ahead of ?2.7bn takeover

(Sharecast News) - Pub owner and brewer Greene King saw beer sales plunge in the first quarter ahead of its £2.7bn takeover by Hong Kong billionaire Li Ka-Shing.

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30 Aug 2019 16:04

UK Shareholder Meetings Calendar - Next 7 Days

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21 Aug 2019 13:20

Wednesday broker round-up

(Sharecast News) - Greene King: RBC Capital Markets downgrades to sector performer with a target price of 850p.

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20 Aug 2019 12:26

Tuesday broker round-up

(Sharecast News) - Royal Dutch Shell: Barclays downgrades to equal weight with a target price of 3,100p.

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20 Aug 2019 11:00

Canaccord Genuity lowers Greene King to 'hold' following CK Noble offer

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on British landlord Greene King on Tuesday, but lowered their recommendation for the firm's shares from 'buy' to 'hold' following the previous session's accepted offer from CK Noble.

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19 Aug 2019 17:01

LONDON MARKET CLOSE: FTSE 250 Surges As Greene King Accepts Takeover

(Alliance News) - London stocks started the week on the front foot amid stimulus hopes and the prospect of further trade talks between the US and China. In Monday's afternoon company news, up

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19 Aug 2019 16:16

TOP NEWS: Greene King Agrees GBP4.6 Billion Offer From CK Asset

(Alliance News) - Greene King PLC said Monday it has accepted an 850 pence cash offer from Hong Kong-listed property developer CK Asset Holdings Ltd.Shares in the FTSE 250-listed pub jumped

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19 Aug 2019 15:56

CK Asset Holdings to buy Greene King for 850p a share

(Sharecast News) - Shares of Greene King surged on Monday as the pub group agreed to be bought by a subsidiary of CK Asset Holdings, the flagship of the CK Hutchison Group, for 850p a share in cash.

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10 Jul 2019 08:28

TOP NEWS: Dunelm Confident Amid Double-Digit Annual Revenue Growth

(Alliance News) - Curtains and bedding seller Dunelm Group PLC on Wednesday reported a double-digit increase in revenue in both its final quarter and full financial year, and said it expects to by

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27 Jun 2019 10:59

WINNERS & LOSERS SUMMARY: Kingfisher Rises After Appointing New CEO

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 3.8%. The DIY retailer appointed Carrefour as -

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27 Jun 2019 07:50

Greene King outperforms but damp weather harming current year sales

(Sharecast News) - Greene King reported that it had returned to market outperformance on Thursday, due to growth from its pub company and brewing and brands segments, although wet weather did hurt sales in the post year-end period.

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20 Jun 2019 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

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13 Jun 2019 15:06

FTSE 250 movers: Contour crushed, Just Group leaps

(Sharecast News) - London's FTSE 250 was 0.41% lower at 19,171.03 in afternoon trading on Thursday, as power generation business Contour Global led the index lower.

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13 Jun 2019 13:08

Thursday broker round-up

(Sharecast News) - Domino's Pizza Group: Peel Hunt upgrades to buy with a target price of 300p.

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