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FTSE 250 movers: Serco gains as profit beats expectations, Premier Oil slips on weak oil prices

Wed, 01st Jul 2015 13:06

Mid-caps gained on Wednesday, championed by strong performances in the construction, telecommunications and property sectors.As of 15:00 BST, the FTSE 250 was trading 1.2% higher at 17,740.Outsourcer Serco topped the risers, after first-half profits came in better than expected, although management has not altered its expectations for the full year.Pub group Greene King edged higher as it reported record retail revenue of £1bn in its full-year results, although profits leaked lower as a result of a decline in like-for-like sales and the impact of the disposal of 275 pubs to Hawthorn Leisure.Tullow Oil gained after taking action to "re-set" the business for the new oil price environment. The company also slightly increased its guidance for full-year production after enjoying strong West Africa oil production in the first half.Property stocks Redrow and Bovis Homes were on the up, while miners Lonmin, Vedanta Resources and Acacia Mining extended losses for the third consecutive day, as both base and precious metal prices fell. Analysts expressed concerns over the direction aluminium prices were headed in.Premier Oil tracked tumbling oil prices, with both benchmarks more than 1% weaker.RisersSerco Group (SRP) 126.90p +7.54%Just Eat (JE.) 433.80p +6.64%Aveva Group (AVV) 1,900.00p +5.09%Betfair Group (BET) 2,496.00p +3.74%Bovis Homes Group (BVS) 1,153.00p +3.59%Redrow (RDW) 458.30p +3.48%Balfour Beatty (BBY) 249.80p +3.27%DCC (DCC) 5,160.00p +3.20%UDG Healthcare Public Limited Company (UDG) 505.00p +3.19%Smith (DS) (SMDS) 397.70p +3.03%FallersLonmin (LMI) 107.90p -3.57%Acacia Mining (ACA) 291.80p -3.35%Nostrum Oil & Gas (NOG) 578.00p -2.45%Telecom Plus (TEP) 970.50p -1.97%AO World (AO.) 142.00p -1.87%IP Group (IPO) 203.50p -1.45%Euromoney Institutional Investor (ERM) 1,200.00p -1.40%Computacenter (CCC) 766.00p -1.29%Kaz Minerals (KAZ) 200.80p -1.28%Vedanta Resources (VED) 513.50p -1.25%
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15 Dec 2015 09:46

BROKER RATINGS SUMMARY: Berenberg Upgrades Meggitt To Buy From Hold

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15 Dec 2015 08:22

LONDON BRIEFING: Sainsbury Gains UK Grocery Market Share

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14 Dec 2015 08:52

Morrisons Appoints Greene King Chief Executive Anand To Board

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14 Dec 2015 07:34

Greene King chief joins Morrisons board

(ShareCast News) - Wm Morrison Supermarkets has announced Rooney Anand will join its board as a non-executive director and as senior independent director on 1 January 2016. The FTSE 100 company said Anand, who is currently chief executive of Greene King, is a "highly experienced retail and fmcg (fas

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9 Dec 2015 09:37

BROKER RATINGS SUMMARY: Merrill Lynch Raises Glaxo To Buy From Neutral

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8 Dec 2015 09:37

BROKER RATINGS SUMMARY: HSBC Raises Morrisons To Hold From Reduce

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4 Dec 2015 09:33

BROKER RATINGS SUMMARY: Barclays Downgrades Whitbread To Equal Weight

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3 Dec 2015 12:11

Broker tips: Debenhams, Greene King, Glencore

(ShareCast News) - Debenhams shares were under pressure on Thursday after Goldman Sachs downgraded the stock to 'sell' from 'neutral', pointing to slowing space growth. "As one of the UK general retailers wrestling with the online channel shift dynamic, and in recent times suffering from store-based

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3 Dec 2015 10:35

Canaccord Genuity bumps up Greene King target price

(ShareCast News) - Accounting adjustments and increased synergies will boost Greene King's profits in the medium-term, but not the company's cash-flows, Canaccord Genuity said. That followed the company's announcement that it would take a £325.6m provision to replace its "onerous" £50m lease provisi

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2 Dec 2015 16:58

LONDON MARKET CLOSE: Iran OPEC Comments Spark Late FTSE 100 Volatility

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2 Dec 2015 14:08

FTSE 250 movers: Greene King's half year profit keeps market balanced

(ShareCast News) - The FTSE 250 was still in the green on Wednesday before the London Stock Exchange was due to announce which companies would be promoted and demoted from the FTSE 100 and 250. The market was up 17.18 points (0.1%) to 17,533.94 by mid-afternoon, but trending downwards. Greene King

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2 Dec 2015 12:14

UPDATE 2-Greene King posts bigger profit after Spirit Pub deal

* To ship 50,000 IPA cases to China following Xi Jinping visit * Raises savings forecast from Spirit deal to 35 mln stg * First-half pretax profit rises 47 pct to 121.3 mln stg * Stock rises 10 pct, top gainer on FTSE's midcap index (Adds details, CEO, analyst comment, updates

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2 Dec 2015 12:13

LONDON MARKET MIDDAY: Weak Eurozone Inflation Paves Way For ECB Easing

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