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FTSE 250 movers: Betfair hit by downgrade, oil and energy stocks higher

Fri, 05th Jun 2015 12:58

Mid-caps were under pressure on Friday, following news that OPEC would not curb oil production and that Greece had opted to defer payment on €300m owed to the International Monetary Fund until Friday.Sector-wise gains made by oil, energy and mining stock were eradicated by weakness in telecommunications, real estate and retail stocks.As of 16:30 BST, the FTSE 250 was trading 0.85% lower to 17,937 points.Oil and energy stocks including Premier Farnell, Riverstone Energy, Infinis Energy and Hunting surged despite OPEC deciding not to cut oil production at its meeting on Friday. Oil futures were also higher across the board.Betfair Group dipped as analysts at Numis Securities downgraded their rating on the stock to "sell", although the broker also increased its price target from 1,620p to 2,100p.Halfords was boosted as it posted record annual sales topping £1bn, driven by higher demand for bikes. The group hit its revenue target 12 months early following a three year turnaround programme to upgrade its stores and expand its product ranges.Poundland was making gains as The Capital Group Companies lifted its stake in the discount retailer to 4.77% from less than 4%.Allied Minds rose as Kevin Sharer, former chairman and chief executive officer of Amgen joined the board as a non-executive director.RisersInfinis Energy (INFI) 188.00p +2.96%Hunting (HTG) 633.00p +2.93%Evraz (EVR) 161.80p +2.80%Telecom Plus (TEP) 830.00p +2.28%Thomas Cook Group (TCG) 146.80p +2.16%Premier Farnell (PFL) 195.50p +2.14%BlackRock World Mining Trust (BRWM) 310.80p +2.04%Euromoney Institutional Investor (ERM) 1,200.00p +2.04%Poundland Group (PLND) 301.60p +1.89%Rotork (ROR) 257.50p +1.86%FallersJust Eat (JE.) 426.80p -4.65%Betfair Group (BET) 2,524.00p -4.57%TalkTalk Telecom Group (TALK) 392.40p -4.01%Enterprise Inns (ETI) 129.80p -2.92%BTG (BTG) 687.50p -2.83%Provident Financial (PFG) 2,866.00p -2.78%Just Retirement Group (JRG) 168.70p -2.77%St. Modwen Properties (SMP) 438.50p -2.71%Big Yellow Group (BYG) 634.50p -2.68%Elementis (ELM) 296.20p -2.66%
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23 Jun 2015 11:31

Infinis Energy acquires 18MW wind farm from Peel Group

Renewable energy company Infinis Energy has reached a deal to acquire an 18.5 megawatt consented onshore wind farm project in Northumberland from Peel Group. Along with the 8 megawatt Sisters Wind Farm project developed by Infinis, which neighbours the newly-acquired project, the facility is at an a

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23 Jun 2015 07:23

LONDON BRIEFING: Ladbrokes Jumps 11% On Gala Coral Merger Talks

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23 Jun 2015 06:50

Infinis Energy Buys Onshore Wind Farm Project In Northumberland

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18 Jun 2015 15:56

2nd UPDATE: UK Government Scraps Onshore Wind Farm Subsidies

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18 Jun 2015 14:02

UPDATE: UK Government Scraps Onshore Wind Farm Subsidies

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12 Jun 2015 16:03

Infinis Secures GBP83 Million Financing To Build Galawhistle Wind Farm

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12 Jun 2015 11:45

Broker tips: Whitbread, Compass Group, Infinis Energy

Canaccord Genuity has lifted its recommendation on Costa and Premier Inn owner Whitbread from 'hold' to 'buy', saying it sees upside with the group on track to hit its medium-term targets. Analyst Nigel Parson said Whitbread's market-leading positions via Premier Inn and Costa mean the company is "w

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4 Jun 2015 15:10

Aggreko demoted as Inmarsat joins FTSE 100

Temporary power provider Aggreko was a casualty of the latest quarterly FTSE 100 review, demoted to the 250 index as satellite company Inmarsat enjoyed a promotion. Aggreko has a market capitalisation of around £3.95bn, whereas Inmarsat has a market value of around £4.53bn. Banknote printer De La R

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4 Jun 2015 07:23

LONDON MORNING BRIEFING: Horse Hill Companies Shares Suspended

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3 Jun 2015 16:23

Inmarsat To Replace Aggreko In FTSE 100 Amid Host Of FTSE 250 Changes

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