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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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3 Sep 2019 17:03

LONDON MARKET CLOSE: Pound Rebounds, FTSE Dips As UK PM Loses Majority

(Alliance News) - London stocks ended Tuesday's session on a downbeat note amid further fiery words aimed at China from US President Donald Trump, while the pound managed to claw back its on a

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2 Sep 2019 16:52

LONDON MARKET CLOSE: UK Election Speculation Sinks Pound, Lifts FTSE

(Alliance News) - The FTSE 100 rocketed higher on Monday, far outpacing the gains recorded elsewhere in Europe, as London's internationally-exposed index benefited from the pound's knocked

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1 Aug 2019 12:36

LONDON MARKET MIDDAY: Stocks Lower As BoE Cut UK Economic Outlook

(Alliance News) - London stocks were down at midday Thursday after Bank of England policymakers kept UK interest rates unchanged, while cutting its forecast for the country's economic index or

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1 Aug 2019 11:16

WINNERS & LOSERS SUMMARY: LSE Up 24% In Week As Clinches Refinitiv Buy

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

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31 Jul 2019 17:05

LONDON MARKET CLOSE: Investors Brace For US Interest Rate Cut

(Alliance News) - Stocks in London ended lower on Wednesday as disappointing earnings and breakdown in US-China talks hit investor sentiment, while the US markets gear up for the Federal Reserve a

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31 Jul 2019 12:03

LONDON MARKET MIDDAY: Trade War Fears, Pre-Fed Jitters Keep Mood Muted

(Alliance News) - London stocks continued to decline on Wednesday ahead of a highly-anticipated interest rate cut by the US Federal Reserve, while trade war fears re-emerged amid a breakdown in US

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31 Jul 2019 10:46

WINNERS & LOSERS SUMMARY: Intu Properties Slumps After Axing Dividend

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

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31 Jul 2019 08:49

LONDON MARKET OPEN: Muted Start As Markets Await Anticipated Fed Cut

(Alliance News) - It was a tepid start for stocks in London on Wednesday as traders pondered the likely size of an anticipated US interest rate cut from the Federal Reserve after the UK market big

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24 Jul 2019 16:13

UK Earnings, Trading Statements Calendar - Next 7 Days

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9 Jul 2019 16:49

LONDON MARKET CLOSE: FTSE Spared Steep Fall As Pound Hits Two-Year Low

(Alliance News) - London stocks continued their downwards slide on Tuesday, though the FTSE 100 was provided with some cushioning in the form of the pound sinking to its lowest level in over two a

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9 Jul 2019 10:28

WINNERS & LOSERS SUMMARY: Investors Look Past Ocado's Widened Losses

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

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12 Jun 2019 08:55

Future of Philip Green's Arcadia in balance as landlords vote on deal

(Sharecast News) - The future of Philip Green's Arcadia retail empire and 18,000 workers lay in the hands of landlords set to vote on a rescue package for the struggling group.

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11 Jun 2019 11:06

PRESS: Arcadia's Future In Doubt As Intu To Vote Against Restructuring

(Alliance News) - Shopping centre owner Intu Properties PLC has told Philip Green's Arcadia it will vote against the retailer's proposed company voluntary arrangement, Sky News reported on

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5 Jun 2019 12:41

PRESS: Arcadia Landlords To Vote On Restructuring Proposals - FT

LONDON (Alliance News) - Landlords of troubled retailer Arcadia Group Ltd are expected to clash over restructuring proposals, the Financial Times reported on Wednesday.Arcadia owns high and

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4 Jun 2019 07:34

Intu Properties appoints Robert Allen as CFO

(Sharecast News) - Shopping centre owner Intu Properties has appointed Robert Allen - the former chief financial officer of Crest Nicholson - as its new CFO with effect from 10 June.

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