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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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24 May 2019 16:07

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20 May 2019 13:39

Monday broker round-up

(Sharecast News) - Hays: RBC Capital Markets upgrades to outperform with a target price of 175p.

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13 May 2019 15:01

FTSE 250 movers: Metro Bank slides, Amigo ascends

(Sharecast News) - London's FTSE 250 was up 0.8% at 19,442.72 in afternoon trade on Friday, with shares of Metro Bank slumping even as it said plans to raise £350m of equity capital were well advanced after it was forced to reassure customers their money was safe.

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13 May 2019 12:34

Monday broker round-up

(Sharecast News) - Marks & Spencer: Citigroup upgrades to buy with a target price of 330p.

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13 May 2019 11:51

LONDON MARKET MIDDAY: Latest Twist In Trade Saga Keeps Stocks On Edge

LONDON (Alliance News) - Worries over US-Sino trade relations spilled over into a second consecutive week, weighing on London stocks on Monday as China insisted talks between the two powers have a

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13 May 2019 10:57

Intu Properties knocked lower by JPMorgan downgrade

(Sharecast News) - Shopping centre owner Intu Properties slumped on Monday as JPMorgan Cazenove downgraded its rating on the stock to 'underweight' from 'neutral' and cut the price target to 94p from 116p saying there was more downside from here.

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13 May 2019 10:31

WINNERS & LOSERS SUMMARY: Vodafone Falls On Fears Of Dividend Cut

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 1.7%. The British Gas parent company said

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9 May 2019 09:19

Intu Properties appoints Dushyant Sangar as chief investment officer

(Sharecast News) - Shopping centre owner Intu Properties has appointed Dushyant Sangar as its new chief investment officer.

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8 May 2019 12:16

Wednesday broker round-up

(Sharecast News) - Sainsbury: BofA Merrill Lynch downgrades to neutral with a target price of 235p

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3 May 2019 17:39

UPDATE: Third Of Votes Oppose Resolution At Intu General Meeting

LONDON (Alliance News) - Intu Properties PLC on Friday noted that a third of votes were in opposition to authorising allotment of unissued shares at its annual general meeting earlier in the in at

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3 May 2019 10:47

WINNERS & LOSERS SUMMARY: HSBC Rises After Strong First Quarter

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - Holdings, up 2.8%. The Asia-focused bank a to

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3 May 2019 08:35

LONDON MARKET OPEN: HSBC And Smurfit Kappa Help Prop Up FTSE 100

LONDON (Alliance News) - Stocks in London were marginally in the green early Friday, with the FTSE 100 helped by gains for China-focused banking giant HSBC and Irish packaging of

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3 May 2019 07:41

Intu Properties warns over rental income amid 'challenging' environment

(Sharecast News) - Intu Properties warned over its rental income on Friday as it said the rest of the year was expected to be "challenging" due to a higher-than-expected level of CVAs and a slowdown in new lettings as tenants delay their decisions, partly due to Brexit-related uncertainty.

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3 May 2019 07:38

LONDON MARKET PRE-OPEN: Smurfit Kappa And HSBC Start 2019 Well

LONDON (Alliance News) - Stocks in London are called for a marginally higher start on Friday, as Smurfit Kappa joined HSBC in reported a strong first three months

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2 May 2019 15:06

FTSE 250 movers: Metro Bank off rails, Intu increases

(Sharecast News) - London's FTSE 250 index was down 0.61% at 19,692.07 in afternoon trade on Thursday, with Metro Bank leading the charge lower.

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