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FTSE 250 movers: Funding Circle falters, Ferrexpo flies

Wed, 01st May 2019 15:03

(Sharecast News) - London's FTSE 250 index was down 0.10% at 19,805.33 in afternoon trade on Wednesday, with Funding Circle leading the index downwards.Following close behind the peer-to-peer lending marketplace, Sirius Minerals dropped after successfully raising $425m as part of its a heavily-discounted $3.8bn capital raising to finance the next stage of development of its Woodsmith polyhalite mine in North Yorkshire.Analysts from Shore Capital said: "Successfully securing the Stage 2 financing is effectively the key to unlocking Sirius's vast potential, and we expect should catalyse a major re-rating of the shares. Beyond that, while Sirius would still be some years from becoming cash generative, an investment in the company should become progressively de-risked and enjoy significant value uplift as it advances towards production, we believe."Pub retailer and brewer Greene King fell after Berenberg analysts stated that it is an "opportune moment to sell" as the last of the soft comparatives now lie in the past, leaving a series of challenging comparisons ahead and earnings growth likely to turn negative in 2020.Indivior and Intu Properties followed suit ahead of respective results and a trading update later this week, while takeaway giant Domino's Pizza was also lower ahead of the release of its first quarter trading statement next week.Ferrexpo was the top riser after Liberum upped its stance on the stock to 'buy' form 'hold' as it said the recent selloff, which was precipitated by potential management involvement in the possible misappropriation of funds from a charity called Blooming Land, was overdone."We think it's highly unlikely management knew of or suspected any (potential) misallocation of funds before ceasing payments to the charity in May 2018. Assuming this becomes clearer following completion of the Independent Review, we expect the shares will rebound, despite our view of further softness in Chinese steel demand and a pull back in benchmark iron ore prices," said analysts.Finally, telecommunications testing outfit Spirent edged upwards after reporting that it saw positive momentum from its last trading year carry over into the first quarter of 2019.Market MoversFTSE 250 (MCX) 19,805.33 -0.10%FTSE 250 - RisersFerrexpo (FXPO) 216.54p 4.46%NewRiver REIT (NRR) 238.00p 3.70%Metro Bank (MTRO) 766.00p 2.13%Babcock International Group (BAB) 535.80p 2.06%Charter Court Financial Services Group (CCFS) 362.00p 1.97%Crest Nicholson Holdings (CRST) 392.40p 1.92%McCarthy & Stone (MCS) 130.60p 1.87%Petrofac Ltd. (PFC) 450.80p 1.69%Spirent Communications (SPT) 161.40p 1.64%IG Group Holdings (IGG) 518.00p 1.61%FTSE 250 - FallersFunding Circle Holdings (FCH) 233.14p -7.85%Sirius Minerals (SXX) 16.34p -6.20%Greene King (GNK) 613.98p -4.21%Acacia Mining (ACA) 140.30p -4.10%Indivior (INDV) 36.94p -3.37%Hilton Food Group (HFG) 982.00p -3.35%Domino's Pizza Group (DOM) 258.60p -3.33%Intu Properties (INTU) 91.88p -2.55%Cairn Energy (CNE) 167.10p -2.39%Kaz Minerals (KAZ) 631.43p -2.35%
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18 Mar 2019 13:37

Monday broker round-up

(Sharecast News) - IWG: RBC Capital Markets upgrades to sector perform with a target price of 260p.

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22 Feb 2019 09:37

BROKER RATINGS SUMMARY: Sainsbury's Gets More Downgrades

LONDON (Alliance News) - The following London-listed shares received analyst recommendations on Thursday and on Friday morning:----------FTSE 100----------UBS CUTS J TO

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20 Feb 2019 17:03

LONDON MARKET CLOSE: FTSE 100 Casts Aside Sainsbury-Asda Merger Woes

LONDON (Alliance News) - Stocks in London ended higher on Wednesday amid optimism over US-China trade deal prospects, with the FTSE 100 shrugging off sharp declines from J Sainsbury.Officials from

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20 Feb 2019 11:55

LONDON MARKET MIDDAY: FTSE 100 Edges Higher Despite Sainsbury's Slump

LONDON (Alliance News) - Stocks were slightly higher at midday on Wednesday, with a tumble for J Sainsbury following a blow to its merger with Asda capping the FTSE 100's FTSE

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20 Feb 2019 10:27

WINNERS & LOSERS SUMMARY: Sainsbury's Sinks As CMA Thwarts Asda Merger

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------John up

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20 Feb 2019 09:52

Intu earnings fall after tough year

(Sharecast News) - Intu Properties reported a fall in earnings in its audited results for 2018 on Wednesday, with the underlying figure dropping to £193.1m from £201m in the prior year.

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20 Feb 2019 08:38

LONDON MARKET OPEN: Sainsbury's Slumps As CMA Mulls Blocking Asda Deal

LONDON (Alliance News) - The FTSE 100 opened higher on Wednesday amid well-received results from lender Lloyds Banking and miner Glencore.The two were helping to

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20 Feb 2019 07:39

LONDON MARKET PRE-OPEN: UK CMA Expects To Block Sainsbury-Asda Deal

LONDON (Alliance News) - Stocks prices are set for a slightly higher start in London on Wednesday following subdued activity in New York overnight, as investors await minutes from the US Federal a

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18 Feb 2019 15:59

Intu Properties Non-Executive Directors Patten And Gordon Step Down

LONDON (Alliance News) - Shopping centre operator intu Properties PLC said on Monday that two non-executive directors have stepped down from their roles with immediate effect.Louise Patten

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13 Feb 2019 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 14 February Coca-Cola HBCFull Year ResultsMicro Focus InternationalFull Year 15

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13 Feb 2019 14:44

FTSE 250 movers: Galliford Try builds, Just Eat cools off

(Sharecast News) - London's FTSE 250 climbed 0.85% to 18,984.09 on Wednesday, with Galliford Try surging as it reported a 4% increase in first-half pre-exceptional pre-tax profit and said full-year turnout is expected at the upper end of analysts' current range.

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11 Feb 2019 08:29

One in ten UK shops empty amid 'perfect storm'

(Sharecast News) - Shopper visits to the high street, retail parks and shopping centres all fell last month, fresh data showed on Monday, while a newspaper report on the same day said mistrust between retailers and landlords was stoking a "perfect storm" for retail landlords.

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25 Jan 2019 17:18

LONDON MARKET CLOSE: Stocks Mixed As Miners Rise But Vodafone Sinks

LONDON (Alliance News) - Stocks in London finished the week mixed as commodity miners were unable to keep the FTSE 100 in the green with Vodafone dragging the index lower.The FTSE 100 closed down

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25 Jan 2019 12:13

LONDON MARKET MIDDAY: Miners On The Up, Property Stocks Recover

LONDON (Alliance News) - The FTSE 100 was higher midday Friday, helped by rising commodity stocks, while the FTSE 250 has been helped by property firms clawing back losses made earlier in the FTSE

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25 Jan 2019 10:40

WINNERS & LOSERS SUMMARY: Earthport Gains As Mastercard Out Bids Visa

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 3.2%. UBS raised the Mexican miner to Buy

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