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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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17 Mar 2022 08:16

LONDON BRIEFING: Deliveroo loss widens but pedalling toward breakeven

(Alliance News) - Food delivery firm Deliveroo on Thursday said 2021 was a year of strong growth and strategic progress, which it believes will lead to long-term profitability.

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9 Mar 2022 11:41

IN BRIEF: Go-Ahead hires Royal Mail UK interim CFO as finance chief

Go-Ahead Group PLC - Newcastle, England-based public transport operator - Hires Sarah Mussenden to be chief financial officer, starting May 9. Mussenden currently is interim CFO at Royal Mail UK, part of Royal Mail PLC. Previous roles were at British Gas, part of Centrica PLC, and British Airways, part of International Consolidated Airlines Group SA. She currently is a non-executive director of asset manager Premier Miton Group PLC. At Go-Ahead, Mussenden will replace Interim CFO Gordon Boyd.

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24 Feb 2022 16:35

Go-Ahead expects to pay GBP30 million penalty amid "challenging" year

(Alliance News) - Go-Ahead Group PLC said on Thursday that it had narrowed its pretax loss but noted issues with the UK Department for Transport regarding its London & South Eastern Railway operations.

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24 Feb 2022 10:11

Go-Ahead records 'strong' performance in long-delayed results

(Sharecast News) - Go-Ahead Group reported a "strong" financial performance in its bus and Govia Thameslink Railway (GTR) operations in its much-delayed full-year results on Thursday, offset by challenges in its international rail division and its former Southeastern rail franchise.

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24 Feb 2022 08:15

LONDON BRIEFING: Warren East to depart as CEO of improving Rolls-Royce

(Alliance News) - Rolls-Royce on Thursday said Chief Executive Officer Warren East has decided to step down at the end of 2022, after nine years on the board and almost eight years as CEO.

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23 Feb 2022 09:51

IN BRIEF: Go-Ahead to release delayed annual results on Thursday

Go-Ahead Group PLC - Newcastle-based bus and train operator - Plans on Thursday to release its delayed results for the financial year that ended July 3 last year. At that point, Go-Ahead will ask for the suspension of trading of its shares and corporate bonds to be lifted. The suspension was imposed because the company missed the deadline for filing its accounts. The delay was to allow auditors Deloitte to consider the implications of a review of the London & South Eastern Railway franchise, operated by Go-Ahead. The UK government found that "serious errors" were made by LSER in its dealings with the Department for Transport over several years. Go-Ahead apologised for "failing to notify the DfT of certain overpayments or monies due to the DfT", but the government is considering enforcement action, including a financial penalty.

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31 Jan 2022 15:28

Moody's withdraws British rail firm Go-Ahead's rating

LONDON, Jan 31 (Reuters) - Moody's has withdrawn its credit rating of UK rail and transport firm Go-Ahead after the company delayed the publication of its financial results for a fourth time, the ratings agency said on Monday. "Moody's has decide...

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24 Jan 2022 10:02

IN BRIEF: Go-Ahead expects annual results release end February

IN BRIEF: Go-Ahead expects annual results release end February

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24 Jan 2022 09:00

Go-Ahead results delayed again as auditors ask for more time

(Sharecast News) - Crisis-hit transport group Go-Ahead on Monday delayed publication of its financial results for a third time as investigations continue into its rail franchise scandal.

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19 Jan 2022 15:18

EXECUTIVE CHANGES: Mode Global and Omega Diagnostics lose CEOs

EXECUTIVE CHANGES: Mode Global and Omega Diagnostics lose CEOs

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4 Jan 2022 14:02

Go-Ahead shares suspended due to late-running results

(Sharecast News) - Go-Ahead Group made a request for its shares and bond to be temporarily suspended from trading on Tuesday, pending its results for the year ended 3 July.

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4 Jan 2022 10:34

IN BRIEF: Go-Ahead suspends listing on annual results delay

IN BRIEF: Go-Ahead suspends listing on annual results delay

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21 Dec 2021 21:40

TRADING UPDATES: Charles Stanley sale greenlit; ASA portfolio grows

TRADING UPDATES: Charles Stanley sale greenlit; ASA portfolio grows

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20 Dec 2021 16:21

EXECUTIVE CHANGES: New senior independent directors for Go-Ahead, Wizz

EXECUTIVE CHANGES: New senior independent directors for Go-Ahead, Wizz

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15 Dec 2021 16:03

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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