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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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28 May 2015 13:10

FTSE 250 movers: Paypoint surges on strong profits, Synergy Health hit by waning takeover speculation

UK stocks were subdued on Thursday, following weak economic data and continued investor uncertainty on Greek developments. Sector-wise, strong performances from technology and retail was outweighed by weakness in telecommunications and mining. As of 15:00 BST, the FTSE 250 was trading 0.012% lower a

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28 May 2015 10:35

WINNERS & LOSERS: Sports Direct Expects Earnings To Beat Forecasts

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28 May 2015 09:42

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28 May 2015 08:13

Infinis swings to annual profit

Renewable energy generator Infinis Energy swung to a profit in the year to the end of March, although revenue was hit by weaker wholesale power prices. The FTSE 250 group posted a profit before tax of £20.7m for the 12 months to 31 March compared with a restated loss of £11.8m last year, while reven

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Infinis Swings To Profit, Raises Dividend As Expansion Plans Progress

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27 May 2015 15:47

London close: Market recoups previous session's losses

UK stocks closed higher on Wednesday, rebounding from heavy losses in the previous session, buoyed by strength in the construction, electricity and tobacco sectors. The FTSE 100 experienced few surprises and gained steadily throughout the day, closing 1.24% higher at 7,034.9. The index had plunged 1

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27 May 2015 15:08

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27 May 2015 12:34

FTSE 250 movers: Synergy Health plunges on Steris takeover speculation, energy stocks lower

UK stocks rebounded from the previous session's sell-off as gains made by tobacco, electronics and utilities outweighed weakness in mining and industrial metals. As of 14:00, the FTSE 250 was trading points 101.1 points higher at 18,200. Synergy Health topped the fallers, plummeting almost 17% on r

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LONDON MIDDAY BRIEFING: Arrest Of Football Officials Steals Attention

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