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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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29 Nov 2018 08:44

LONDON MARKET OPEN: Stocks Up But Intu Plummets As Suitor Walks Away

LONDON (Alliance News) - London stock prices were boosted on Thursday after remarks by Federal Reserve Chair Jerome Powell were interpreted by the market as suggesting a slower pace of US monetary

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29 Nov 2018 07:45

LONDON MARKET PRE-OPEN: Unilever, Ashtead Promote New CEOs From Within

LONDON (Alliance News) - Stocks in London are set to open higher on Thursday, following substantial gains in the US overnight, after Federal Reserve Chairman Jerome Powell hinted interest rate In

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29 Nov 2018 07:35

Intu shares plunge as Peel consortium pulls offer

(Sharecast News) - Shares in shopping centre owner Intu Properties plunged more than 35% on Thursday after Brexit uncertainties forced a consortium led by its deputy chairman John Whittaker to pull its £2.9bn takeover offer.

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29 Nov 2018 06:59

LONDON MARKET EARLY CALL: Higher Call On Dovish Fed; Intu Jilted Again

LONDON (Alliance News) - Stocks in London are set to open higher on Thursday, following substantial gains in the US overnight, after US Federal Reserve Chairman Jerome Powell hinted interest rate

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26 Nov 2018 12:09

Monday broker round-up

(Sharecast News) - Workspace group: Deutsche Bank downgrades to hold with a target price of 1,100p.

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26 Nov 2018 08:56

Mike Ashley said to threaten closing all Intu stores in rent row

(Sharecast News) - Intu Properties was in the red on Monday following a report over the weekend that Sports Direct founder Mike Ashley has threatened to shut all of his stores in Intu shopping centres in a row over new rent terms for House of Fraser sites.

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22 Nov 2018 08:32

Intu pushes back offer deadline again

(Sharecast News) - Intu's suitors have made "substantial progress" towards financing a possible offer for the shopping centre owner but, needing a just a little more time, the deadline to make a formal offer has been pushed back again.

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22 Nov 2018 07:44

LONDON MARKET PRE-OPEN: Centrica On Track For Targets Despite Snags

LONDON (Alliance News) - Stock trading in London is set for a subdued start on Thursday, coming off a substantial gain on Wednesday, with Wall Street closed for the Thanksgiving holiday.Amid a day

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31 Oct 2018 07:52

Intu grants Peel-led consortium more time to bid

(Sharecast News) - Shopping centre owner Intu Properties on Wednesday said it had given a consortium led by its deputy chairman John Whittaker until November 15 to make an offer.

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31 Oct 2018 07:51

TOP NEWS: intu Extends Deadline For Consortium To Make Firm Offer

LONDON (Alliance News) - Intu Properties PLC said on Wednesday it has extended the deadline for a consortium of investors to make a firm offer for the company to November 15, from November the it

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23 Oct 2018 09:20

Intu cuts rental FY rental estimates after tenant failures

(Sharecast News) - Shopping centre owner Intu Properties, which is mulling a £2.8bn takeover offer, on Tuesday cut its full year like-for-like net rental income growth forecast, citing tenant failures.

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23 Oct 2018 07:44

LONDON MARKET PRE-OPEN: FTSE Seen Sub-7,000; Whitbread Profit Edges Up

LONDON (Alliance News) - The FTSE 100 index of London large-caps is called to open below the 7,000 mark on Tuesday, following risk-off trade in Asia overnight, with the focus on Brexit developments a

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19 Oct 2018 17:14

LONDON MARKET CLOSE: Stocks Finish Mixed As FTSE 100 Ends Week Higher

LONDON (Alliance News) - Stocks in London ended mixed on Friday with the FTSE 100 ending in the green with investors buying stocks following sharp declines, as concerns over rising interest rates, on

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19 Oct 2018 14:23

Intu bid approach 'well timed', says Berenberg

(Sharecast News) - Berenberg downgraded its stance on Intu Properties to 'hold' from 'buy' on Friday as it cut the price target down to 210p from 230p, in line with the indicative offer the shopping centre owner has received from a consortium led by one of its senior directors.

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19 Oct 2018 13:10

Friday broker round-up

(Sharecast News) - IP Group: Berenberg reiterates buy with a target price of 160p.

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