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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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19 Nov 2018 11:13

Sales stagnates across pub and restaurant sector - survey

(Sharecast News) - British pubs and restaurants saw growth stagnate in October, as the sector wrestled with stiff competition, curtailed spending and rising costs.

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6 Nov 2018 08:31

TOP NEWS: Long-Serving Greene King Chief Anand To Stand Down

LONDON (Alliance News) - Brewer and pub operator Greene King PLC said Tuesday its long-standing Chief Executive Rooney Anand will stand down at the end of April after 14 years in the has been CEO

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18 Sep 2018 08:59

TOP NEWS: Spire Healthcare Issues Profit Warning On Lower Admissions

LONDON (Alliance News) - Spire Healthcare Group PLC on Tuesday warned on its annual earnings outcome as it reported a drop in first half earnings due to falling admissions rates.Shares in a

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12 Sep 2018 13:42

Wednesday broker round-up

(Sharecast News) - Goals Soccer Centres: Peel Hunt upgrades to buy with a target price of 100p.

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11 Sep 2018 16:06

Local pubs under threat as closure rate bubbles up

(Sharecast News) - Pubs and licensed premises closures doubled over the last three months, leading to concern that the traditional 'local' pub may soon become a thing of the past.

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11 Sep 2018 12:51

Tueday broker round-up

(Sharecast News) - JD Wetherspoons: Berenberg upgrades to buy with a target price of 1,450p.

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10 Sep 2018 11:27

JP Morgan applauds Greene King for 'undoubtedly' good start to the year

(Sharecast News) - Analysts at JP Morgan said that nature had given Greene King a somewhat unexpected boost throughout the first 18 weeks of its fiscal year 2019 as the UK's long, hot summer drove the pubco's like-for-like sales ahead 2.8% year-on-year.

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7 Sep 2018 17:14

LONDON MARKET CLOSE: Trade Fears Sink Stocks As US Posts Strong Jobs

LONDON (Alliance News) - Stocks in London ended sharply lower on Friday as trade tariff fears, concerns over a potential hike in US interest rates and a firm pound weighed on equities. In addition, a

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7 Sep 2018 11:48

LONDON MARKET MIDDAY: Stocks Lower As Focus Shifts To US Jobs Report

LONDON (Alliance News) - Stocks in London were lower at midday on Friday amid trade concerns with another round of US tariffs on China looming, as investors look ahead to upcoming US unemployment on

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7 Sep 2018 10:18

WINNERS & LOSERS SUMMARY: IAG Downed By British Airways Payment Hack

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------DCC,

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7 Sep 2018 10:17

Greene King is 'significantly undervalued', say analysts

(Sharecast News) - Friday was a good day for Greene King as its first quarter results impressed analysts sufficiently to lead to upgrades from Peel Hunt and Canaccord.

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7 Sep 2018 09:33

BROKER RATINGS SUMMARY: Goldman Cuts Burberry; Redburn Cuts HSBC

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:----------FTSE 100----------GOLDMAN CUTS GROUP TO BUY -

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7 Sep 2018 07:39

LONDON MARKET PRE-OPEN: Stocks Called Higher; Greene King Starts Well

LONDON (Alliance News) - Stocks in London are set to open marginally higher on Friday, though investors remain concerned about negative economic and political news, ahead of the key US nonfarm report

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