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FTSE 250 movers: Ferrexpo falters, Computacenter climbs

Fri, 26th Apr 2019 14:51

(Sharecast News) - London's FTSE 250 index was down 0.17% at 19,837.02 in afternoon trade on Friday, with Ferrexpo leading the index lower. The iron ore mining company tumbled after saying that Deloitte LLP has resigned as its statutory auditor with immediate effect, while Hastings lost ground after the company posted a 1% drop in its net revenues for the first quarter.Analysts from Shore Capital said: "The majority of the growth has been driven by growth in policy numbers with 2.75m active policies, up 3% from Q1 2018 and 1% higher than at the end of 2018. This implies a small increase in pricing over the quarter which we see as an encouraging start to the year but as yet not sufficient indication of a material turn in the motor pricing cycle."Meanwhile, Kaz Minerals was also lower as JPMorgan analysts cut the stock's price target from 635p to 630p.Computacenter surged as it said it was on track to meet full-year guidance and that revenue and profitability in the first quarter to the end of March 2019 were ahead of the same quarter a year ago.A note from Peel Hunt said: "We are pleasantly surprised by the health of the IT market. We were cautious in our recent sector book, but if these data points continue into Q2, we may have to revisit our caution on the IT spending outlook for the year."Investment platform company AJ Bell climbed as it said its interim results were anticipated to be slightly ahead of expectations as total assets under administration rose 8% to ยฃ47.7bn in the second quarter.Finally, bus and rail operator Stagecoach was boosted by an upgrade to 'buy' at Citi, with analysts stating that they saw the company's portfolio as "significantly de-risked" following the sale of its underperforming North American division.Market MoversFTSE 250 (MCX) 19,837.02 -0.17%FTSE 250 - RisersComputacenter (CCC) 1,279.00p 18.65%AJ Bell (AJB) 407.00p 7.96%Stagecoach Group (SGC) 130.40p 7.15%Bank of Georgia Group (BGEO) 1,735.00p 4.39%Clarkson (CKN) 2,535.00p 3.47%UDG Healthcare Public Limited Company (UDG) 643.50p 3.46%Royal Mail (RMG) 254.10p 2.25%Funding Circle Holdings (FCH) 247.33p 1.99%Greencore Group (GNC) 225.80p 1.94%Softcat (SCT) 878.50p 1.91%FTSE 250 - FallersFerrexpo (FXPO) 191.30p -28.86%Hastings Group Holdings (HSTG) 190.70p -12.92%Premier Oil (PMO) 98.74p -5.87%Hunting (HTG) 604.00p -3.82%Galliford Try (GFRD) 507.50p -3.15%Kaz Minerals (KAZ) 651.60p -2.78%Wood Group (John) (WG.) 500.60p -2.61%Weir Group (WEIR) 1,718.50p -2.61%Contour Global (GLO) 206.00p -2.60%Metro Bank (MTRO) 799.50p -2.50%
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4 May 2021 15:37

IN BRIEF: Takeover vehicle of Kaz Minerals chair to buy rest of shares

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29 Apr 2021 11:03

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26 Apr 2021 07:38

Bidco Nova Resources moves to take Kaz Minerals private

April 26 (Reuters) - The consortium bidding to take KAZ Minerals private said on Monday its bid for the copper miner had been declared unconditional after winning more than 90% of support.Nova Resources, led by KAZ Minerals Chairman Oleg Novachuk ...

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9 Apr 2021 17:44

IN BRIEF: Kaz Minerals takeover by Nova becomes unconditional

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7 Apr 2021 09:42

BROKER RATINGS: Barclays cuts Kaz to equal weight from overweight

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7 Apr 2021 08:07

LONDON BRIEFING: Downbeat Ryanair says financial 2022 to be breakeven

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6 Apr 2021 08:41

Kaz Minerals confirms special tax status for Russian copper project

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26 Mar 2021 09:43

BROKER RATINGS: Jefferies upgrades Imperial Brands and downgrades BAT

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26 Mar 2021 09:34

Kaz Minerals chair raises takeover offer to more than GBP4 billion

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26 Mar 2021 09:31

UPDATE 2-European stocks close to all-time highs as miners, tech shine

* Miners, tech boost STOXX 600* Benchmark index 7 points short of record highs* Maersk rebounds after sharp losses on Suez Canal blockage* ABB gains on $4.3 bln share buyback plan (Updates to close, adds fresh comments)By Sruthi ShankarMarch 26 (Reu...

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26 Mar 2021 09:28

UPDATE 2-FTSE 100 logs strongest day in over two weeks on commodity-linked boost

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Miners biggest gainers on FTSE 100* UK retail sales rise 2.1% in February* Smiths Group tops index on upbeat forecast* Both FTSE 100 and FT...

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26 Mar 2021 08:38

UPDATE 1-Buyout group makes $5.5 bln final bid for KAZ Minerals

(Adds details, share price)March 26 (Reuters) - A consortium aiming to take copper miner KAZ Minerals private has increased its bid by 9% to 4.02 billion pounds ($5.5 billion) after minority shareholders indicated they would reject earlier proposa...

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26 Mar 2021 08:38

UPDATE 2-Buyout group makes $5.5 bln final bid for KAZ Minerals

(Adds minority shareholder's view)March 26 (Reuters) - A consortium aiming to take copper miner KAZ Minerals private has increased its bid by 9% to 4.02 billion pounds ($5.5 billion) after minority shareholders indicated they would reject earlier ...

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26 Mar 2021 08:22

LONDON BRIEFING: Aviva completes streamlining push with sale in Poland

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