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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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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

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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

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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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