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

Wed, 13th Feb 2019 14:44

(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. However, analysts at Canaccord seemed unimpressed with the construction company's performance as they reiterated a 'hold' rating and 1,075p price target."Outlook comments are sensibly cautious with some commentary around the potential implications of Brexit, mainly being the risk of the negative impact on business and consumer confidence, along with the obvious supply chain and currency issues. Shares offer a good yield but relative to other pure Housebuilders it is not overly attractive and we would prefer other names in the wider housebuilding sector at this point," said a note from the broker.Omni-channel sports betting solutions provider Playtech climbed after extending its sportsbook partnership with Codere, with a new contract, which will run until late 2022, covering its retail presence and online facilities in Spain, Mexico, Panama, and Colombia.Tullow Oil gushed higher after swinging from a loss before tax of $286m to a pre-tax profit of $261m last year, though the company warned that a no-deal Brexit could cause uncertainties on its North Sea decommissioning programme, while Indivior recovered after having dropped earlier in the week as investors feared its defeat in the US Court of Appeals would see the market flooded with generic versions of the company's anti-pioid treatment.Just Eat was the top faller, closely followed by Great Portland Estates and Derwent London which fell on the back of initiations at 'sell' by Berenberg, with analysts at the broker issuing respective target prices of 600p and 2,650p as they examined the sector as a whole and the impact of possible Brexit scenarios."We expect less desirable, secondary assets to come under the greatest pressure, but prime assets are unlikely to be immune. Derwent and Great Portland, which have significant secondary asset exposures due to medium-term pipelines and falling development activity, remain most exposed," said a note from the broker.The news also dragged down other property outfits, with F&C Commercial Property Trust, Capital & Counties Properties and Intu Properties each falling lower.Finally, online trading services provider Plus500 continued to sink after its warning that 2019 profit would be "materially lower" than market expectations due to new European Union regulations on financial products.Market MoversFTSE 250 (MCX) 18,984.09 0.85%FTSE 250 - RisersGalliford Try (GFRD) 779.27p 8.23%IP Group (IPO) 107.31p 4.38%Playtech (PTEC) 394.10p 4.20%Tullow Oil (TLW) 219.80p 4.17%Acacia Mining (ACA) 197.65p 4.03%Babcock International Group (BAB) 548.13p 3.69%Indivior (INDV) 108.50p 3.63%Redrow (RDW) 596.25p 3.43%Cineworld Group (CINE) 264.50p 3.40%Weir Group (WEIR) 1,535.00p 3.26%FTSE 250 - FallersJust Eat (JE.) 725.40p -2.24%Great Portland Estates (GPOR) 723.60p -2.08%Assura (AGR) 57.50p -2.04%Cranswick (CWK) 2,532.00p -1.78%Moneysupermarket.com Group (MONY) 310.80p -1.65%F&C Commercial Property Trust Ltd. (FCPT) 126.06p -1.52%Plus500 Ltd (DI) (PLUS) 1,116.00p -1.50%Derwent London (DLN) 3,202.00p -1.36%Capital & Counties Properties (CAPC) 250.40p -1.22%Intu Properties (INTU) 114.70p -1.21%
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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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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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