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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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19 Oct 2018 12:05

LONDON MARKET MIDDAY: Stocks Mixed As Italy Concerns Cast Shadow

LONDON (Alliance News) - Stocks in London were mixed at middy on Friday with the FTSE 100 higher as the pound remained around the USD1.30 mark, while weak Chinese data and concerns over Italy's a

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19 Oct 2018 10:50

WINNERS & LOSERS SUMMARY: Intu Properties Up As Consortium Makes Offer

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

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19 Oct 2018 07:36

Intu confirms £2.8bn offer from Peel-led consortium

(Sharecast News) - Shopping centre owner Intu on Friday confirmed it had received an approach from a consortium led by one of its senior directors to buy the company at 210p a share, valuing it at £2.8bn.

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19 Oct 2018 07:35

TOP NEWS: intu Confirms GBP2.85 Billion Takeover Bid From Consortium

LONDON (Alliance News) - intu Properties PLC confirmed on Friday it has received a takeover proposal from a consortium comprising Peel Group, Olayan Group, and Brookfield Property Group.The

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18 Oct 2018 09:29

Intu Properties Signs New Leasing Agreements Despite Tough Environment

LONDON (Alliance News) - Intu Properties PLC said Thursday several retail brands have signed up for new leases despite challenges in the retail industry.The shopping centre operator said at

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18 Oct 2018 07:18

Intu makes solid leasing progress with several new brands

(Sharecast News) - Intu Properties updated the market on its leasing activity on Thursday, reporting that Mazda, Shortlist Media, Monki, Oliver Bonas and Typo were among the latest brands to sign new leases with the owner and manager of UK and Spain shopping centres.

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5 Oct 2018 17:03

LONDON MARKET CLOSE: Stocks End Lower, Dragged By US Bond Yields

LONDON (Alliance News) - Stocks in London followed Europe to close lower Friday due to the relatively high US government bond yields scaring investors away from emerging markets and dragging FTSE 100

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5 Oct 2018 13:40

Friday broker round-up

(Sharecast News) - Intertek Group: Berenberg upgrades to buy with a target price of 5,500p.

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5 Oct 2018 12:00

LONDON MARKET MIDDAY: Stocks Dragged By US Bond Yields, Intu Surges

LONDON (Alliance News) - Stocks continued to fall at midday on concerns over rising US bond yields, presenting a sizable event risk, as Intu Properties surged following news of a its

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5 Oct 2018 11:25

European Shares Slide As US Bond Yields Extend Climb

BRUSSELS/FRANKFURT/PARIS (Alliance News) - European stocks retreated on Friday to extend losses from the previous session as upbeat US data and hawkish comments from Federal Reserve officials for

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5 Oct 2018 10:41

WINNERS & LOSERS SUMMARY: Possible Shareholder Offer Boosts Intu

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - down 5.1%. Goldman Sachs has cut its stock to to

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5 Oct 2018 09:25

BROKER RATINGS SUMMARY: Intu Gets Upgrades As Possible Offer Looms

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Friday morning and late Thursday. ----------FTSE 100----------BERNSTEIN RAISES TO -

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5 Oct 2018 07:51

Intu Properties surges as consortium mulls offer

(Sharecast News) - One of Intu Properties' senior directors is leading a consortium of investment companies to buy the shopping centre owner, leading to speculation that a bid battle could emerge.

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4 Oct 2018 18:32

UPGRADE: Intu Properties Says No Approach Made Yet By Shareholders

LONDON (Alliance News) - Intu Properties PLC on Thursday confirmed it has received no approach from shareholders over buying out the rest of the company.Earlier Thursday Peel Group, Olayan

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4 Oct 2018 17:48

TOP NEWS: Peel Group, Olayan Mulling Buying Rest Of Intu Properties

LONDON (Alliance News) - Peel Group, Olayan Group, and Brookfield Property Group confirmed Thursday they are considering a possible cash offer for the remaining shares in Intu Properties PLC they

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