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FTSE 250 movers: Marshalls gains on interims, Debenhams slumps on downgrade

Fri, 28th Aug 2015 14:36

(ShareCast News) - London's FTSE 250 was a touch higher on Friday and by 1445 BST, was trading up 0.2% at 16,952.75, with investors mostly keeping to the sidelines at the end of what's been a pretty turbulent week.Marshalls was the standout gainer after the paving slabs specialist posted a strong set of interim results. Revenues were up 11% from the same period last year at £199.1m versus roughly 5% growth in underlying markets, indicating a strong level of market share won so far this year as the group invested in new products and overseas growth.Computacenter was also on the front foot after reporting a jump in first-half pre-tax profit and saying it expects its performance for the year to be slightly ahead of original expectations. For the six months ended 30 June, adjusted pre-tax profit rose 13.7% from the same period last year to £29.1m as it benefited from a gain of £42.2m from the sale of its RD Trading recycling business in February.Industrial components manufacturer Rotork gained after announcing that it has struck a £125m deal to buy Manchester-based Bifold Group, which makes pneumatic and hydraulic instrument valves. Rotork boss Peter France emphasised that the purchase would strengthen his company´s position in the flow-control sector and broaden its product portfolio.On the downside, broker notes weighed on Debenhams and Go-Ahead.UBS downgraded Debenhams to 'sell' from 'neutral' and cut its price target to 70p from 90p. The Swiss bank said its 'Evidence Lab' survey suggests customer intention to purchase in the next 12 months has seen the most significant decline among peers. "Shopping intentions for Debenhams are at the low end of both clothing and homewares retail and the company scores below the sector average for retailers with regard to low prices and good value."Meanwhile, JPMorgan Cazenove downgraded travel operator Go-Ahead and cut its price target to 2,768p from 2,879p. "We continue to believe that Go-Ahead is well positioned over the long term, but ahead of next week's prelims we reduce our rating to 'neutral' from 'overweight' due to potential risks to FY16E earnings, specifically from rail and the GTR franchise."Shares in luxury accessories group Jimmy Choo fell. Although the company said interim pre-tax profit increased to £20.3m from £1.3m, analysts were disappointed by the core earnings, which rose just 0.5% to £27.7m.RisersMarshalls (MSLH) 335.00p +5.85%Tullow Oil (TLW) 215.50p +5.43%Lonmin (LMI) 34.68p +5.00%Allied Minds (ALM) 480.00p +4.87%Pennon Group (PNN) 761.00p +4.18%Grafton Group Units (GFTU) 737.00p +2.65%Computacenter (CCC) 760.00p +2.63%Amec Foster Wheeler (AMFW) 783.50p +2.62%Foxtons Group (FOXT) 237.20p +2.60%Rotork (ROR) 205.60p +2.59% FallersDebenhams (DEB) 75.45p -7.42%Go-Ahead Group (GOG) 2,512.00p -2.60%Evraz (EVR) 77.10p -2.41%Lookers (LOOK) 159.30p -2.39%Restaurant Group (RTN) 664.00p -2.14%Jimmy Choo (CHOO) 163.40p -1.92%Spire Healthcare Group (SPI) 350.20p -1.90%Wizz Air Holdings (WIZZ) 1,810.00p -1.90%Marston's (MARS) 150.30p -1.89%Genesis Emerging Markets Fund Ltd Ptg NPV (GSS) 441.50p -1.89%
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SMALL-CAP WINNERS & LOSERS: Go-Ahead races higher on payout resumption

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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5 Apr 2022 08:59

LONDON MARKET OPEN: Stocks down as Biden calls for war crimes trial

(Alliance News) - Stocks in London opened lower on Tuesday amid cautious trade as investors continue to track geopolitical developments.

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5 Apr 2022 08:47

Go-Ahead to resume payouts amid new strategy after "challenging" time

(Alliance News) - Go-Ahead Group PLC on Tuesday said it will reinstate its pre-Covid dividend policy as it set out medium-term plans to boost revenue and profit.

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5 Apr 2022 08:25

LONDON BRIEFING: Go-Ahead reinstates pre-pandemic payout policy

(Alliance News) - Go-Ahead Group PLC on Tuesday said it will reinstate its pre-Covid dividend policy as it set out medium-term plans to boost revenue and profit.

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5 Apr 2022 07:55

Go-Ahead to restart dividends

(Sharecast News) - Go-Ahead said it would restart dividends as the bus and train operator set out targets for improved revenue and profit.

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5 Apr 2022 07:50

LONDON MARKET PRE-OPEN: Moonpig confident; Go-Ahead brings back payout

(Alliance News) - Stocks in London are seen opening lower on Tuesday, with traders still mindful of the possibility of more sanctions being imposed on Russia in the wake of international outrage following killings in the Ukrainian town of Bucha.

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25 Mar 2022 11:14

Go-Ahead's Govia wins contract with National Rail to extend operations

(Alliance News) - Go-Ahead Group PLC on Friday said its subsidiary Govia Thameslink Railway has won a three-year contract extension from National Rail, which oversees train services in Britain.

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25 Mar 2022 10:57

SMALL-CAP WINNERS & LOSERS: Go-Ahead up on Govia deal; Wickes sales up

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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25 Mar 2022 08:45

LONDON MARKET OPEN: European stocks drift lower in cautious start

(Alliance News) - Blue-chip European equities nudged lower in early dealings on Friday, in nervy early trade, a stark contrast to stocks in New York, which surged overnight despite markets facing a wealth of uncertainty

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25 Mar 2022 08:05

Go-Ahead's GTR awarded National Rail contract to 2025

(Sharecast News) - Go-Ahead Group announced on Friday that the Department for Transport (DfT) has awarded a National Rail contract to its Govia Thameslink Railway (GTR) joint venture, to continue operating the Thameslink, Southern and Great Northern rail services in the south of England.

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25 Mar 2022 07:54

LONDON MARKET PRE-OPEN: Petropavlovsk ability to sell gold threatened

(Alliance News) - Stocks in London were called lower on Friday, after data showed UK retail sales fell in February and a survey showed consumer confidence taking a hit in March.

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21 Mar 2022 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 22 March 
Crest Nicholson Holdings PLCAGM
Hochschild Mining PLCEGM re Amarillo Gold acquisition
Hydro Hotel Eastbourne PLCAGM
Starvest PLCAGM
Sureserve Group plcAGM
Wynnstay Group PLCAGM
Wednesday 23 March 
CML Microsystems PLCGM re employee share plans
Quartix Technologies PLCAGM
Strategic Equity Capital PLCGM re tender offer
Thursday 24 March 
BlackRock Throgmorton Trust PLCAGM
Independent Investment Trust PLCAGM
N4 Pharma PLCAGM
React Group PLCAGM
Friday 25 March 
Beazley PLCAGM
Coro Energy PLCGM re proposed bond restructuring
Europa Oil & Gas Holdings PLCGM re fundraise
Kitwave Group PLCAGM
Triad Group PLCGM re revised remuneration policy
Monday 28 March 
Congyar Investment Co PLCGM re share premium account cancellation
Go-Ahead Group PLCGM re accounts, remuneration, auditor
Jupiter Emerging & Frontier Income Trust PLCAGM
  
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17 Mar 2022 10:59

SMALL-CAP WINNERS & LOSERS: Go-Ahead up as fine less harsh than feared

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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17 Mar 2022 10:34

Go-Ahead gets penalty for train contract that is lower than budgeted

(Alliance News) - Go-Ahead Group PLC said on Thursday it received a lower-than-expected fine from the UK government, in relation to its mishandling of its former London & South Eastern Railway Ltd franchise.

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17 Mar 2022 08:32

Go-Ahead handed smaller fine than expected for Southeastern bungle

(Sharecast News) - Go-Ahead Group has been issued a £23.5m penalty by the Department for Transport (DfT), it announced on Thursday - several million pounds less than it had budgeted for.

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