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FTSE 250 movers: Energy stocks surge, Carillion higher on Outland acquisition

Fri, 29th May 2015 12:45

The London market shook off early morning losses in the afternoon, buoyed by strong performances in the telecommunications, construction and insurance sectors.As of 15:00 BST, the FTSE 250 was trading 0.06% higher at 18,250.Ophir Energy was making gains thanks to an upgrade, with Barclays making the oil company one of its top sector picks. Sector peer Infinis Energy was also trading higher after swinging to a profit in the year to the end of March.TeleCity Group dipped, despite US data centre Equinix agreeing to acquire the company in a bid that would create the largest data centre player in Europe. Telecity has agreed to terminate another merger it had agreed with Interxion on 9 March.Card Factory was trading higher following favorable analysis from The Times' Temnpus on Thursday, applauding like-for-like sales growth, strong online trade and a prospective cash return before the end of the year.Paypoint extended Thursday's gains, driven by a rise in pretax profit to 7.7% as a result of strong retail services business and expansion in Romania. The bill payment services provider also announced plans to sell its parking and online payment processing companies.Integrated support services company Carillion edged higher after acquiring Canadian camping group Outland for £63m. Carillion chief executive Richard Howson said: "Acquiring Outland is another important strategic step in the development of our support services business in Canada." RisersBooker Group (BOK) 177.60p +4.47%Infinis Energy (INFI) 187.40p +3.88%Card Factory (CARD) 359.80p +3.78%Ophir Energy (OPHR) 131.90p +3.69%Spire Healthcare Group (SPI) 359.50p +2.54%Big Yellow Group (BYG) 663.00p +2.47%JD Sports Fashion (JD.) 649.50p +2.28%esure Group (ESUR) 258.90p +2.21%Bellway (BWY) 2,351.00p +2.17%Premier Oil (PMO) 162.50p +2.07%FallersRenishaw (RSW) 2,429.00p -3.07%Ocado Group (OCDO) 368.40p -2.59%Polymetal International (POLY) 549.00p -2.49%Crest Nicholson Holdings (CRST) 529.00p -2.04%Aveva Group (AVV) 1,942.00p -2.02%Fidessa Group (FDSA) 2,236.00p -1.89%Evraz (EVR) 170.40p -1.84%Bank of Georgia Holdings (BGEO) 1,879.00p -1.73%Just Eat (JE.) 461.40p -1.62%BTG (BTG) 712.00p -1.59%
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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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5 Jun 2015 12:58

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

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 telecommunica

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

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