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FTSE 250 movers: Miners gain ground on China cheer, but Funding Circle drops

Fri, 04th Jan 2019 14:32

(Sharecast News) - London's FTSE 250 was up 1.38% at 17,680.04 in afternoon trade on Friday, underpinned by a strong performance from miners and oilers.Opioid addiction treatment developer Indivior led the charge for risers on the index, while oil producers and service providers also gained as crude prices picked up further amid signs of lower crude supply and strong economic data, with Premier Oil, Tullow Oil, Vivo Energy and Weir Group all in the green.Miners Ferrexpo and Kaz Minerals also made gains as it emerged that US and China will hold vice-ministerial level negotiations over trade in Beijing on 7-8 January. They were also lifted by upbeat Chinese services data and news of more economic stimulus form the PBOC.The Caixin China services purchasing managers' index ticked up 53.9 in December from 53.8 in November, beating expectations for a reading of 52.9.In addition, the People's Bank of China said it would be cutting the required reserve ratio for banks by 0.5 percentage point on 15 January, with a further 0.5 percentage point cut on 25 January. China's central bank said the cut will release a net 800 billion yuan ($116 billion) of liquidity.Peer-to-peer lending marketplace Funding Circle was the top faller after the latest data from the Bank of England revealed that consumer lending grew at its slowest pace in nearly four years over November, with annual growth in unsecured consumer lending slowing to 7.1% from 7.4% the month before.Private healthcare company Mediclinic International dropped as the Medicines and Healthcare products Regulatory Agency addressed ongoing concerns that an increasingly likely 'no deal' Brexit scenario may limit the availability of medicines in the UK.Market MoversFTSE 250 (MCX) 17,680.04 1.38%FTSE 250 - RisersIndivior (INDV) 123.07p 9.49%Premier Oil (PMO) 74.50p 7.66%Ferrexpo (FXPO) 198.71p 5.95%Tullow Oil (TLW) 192.75p 5.59%Weir Group (WEIR) 1,310.00p 5.26%Capita (CPI) 113.90p 5.03%CYBG (CYBG) 186.40p 4.78%Vivo Energy (VVO) 132.00p 4.66%Victrex plc (VCT) 2,268.00p 4.42%Kaz Minerals (KAZ) 514.00p 4.20%FTSE 250 - FallersFunding Circle Holdings (FCH) 309.95p -4.17%Rank Group (RNK) 138.40p -2.67%Energean Oil & Gas (ENOG) 640.00p -2.22%Mediclinic International (MDC) 300.00p -1.64%Intu Properties (INTU) 109.10p -1.27%PZ Cussons (PZC) 211.80p -1.21%Spirent Communications (SPT) 114.40p -1.21%Hill & Smith Holdings (HILS) 1,145.00p -1.21%Smithson Investment Trust (SSON) 1,009.22p -1.06%Games Workshop Group (GAW) 3,060.00p -0.97%
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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

Kaz Minerals on track for annual guidance amid metals production drop

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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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