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FTSE 250 movers: Woodford bounces back, Ted Baker squeezed

Tue, 11th Jun 2019 15:15

(Sharecast News) - London's FTSE 250 was 0.12% higher at 19,332.81 in afternoon trading on Tuesday, as Woodford Patient Capital Trust, the listed fund run by Neil Woodford, led the index higher.The fund staged a strong recovery after Woodford attempted to reassure investors that the suspension of his flagship fund, the Woodford Equity Income Fund, had not affected its "operational performance".Its share price fell by 20% during the previous week as investors balked at the investment trust's decision to suspend redemptions from the fund.Miners Kaz Minerals and Ferrexpo were among the top gainers amid rising copper and iron ore prices, with the sector having been bolstered by signs that more government stimulus may be on its way in China.Stobart Group climbed after the UK High Court refused an appeal from former boss Andrew Tinkler, who claimed that he had been unlawfully removed from the infrastructure and support services company.Meanwhile, Aston Martin Lagonda was higher after showing off its new DBX SUV, the first of which is expected to roll off the production line at the car manufacturer's new factory in South Wales in the first half of 2020.At the other end of the pitch, Ted Baker's shares tumbled after the fashion retailer warned on profits amid "extremely difficult trading conditions", with pre-tax profit for the year to January 2020 now expected to come in between £50m and £60m versus consensus of around £70m.David Madden, market analyst at CMC Markets UK, said: "The fashion house fell into the trap of offering high levels of promotions. For many firms in the retail sector it is a race to the bottom in terms of price, and the customer wins, while the investor suffers. The share price dropped to a level not seen since December 2012, and that underlines the sour investor sentiment."Finally, Stagecoach dropped after analysts at Liberum cut the stock's price target from 165p to 135p, stating that a lack of clear cut growth prospects limits the upside potential of the transport operator's return to being a bus-focused business.Market MoversFTSE 250 (MCX) 19,332.81 0.12%FTSE 250 - RisersWoodford Patient Capital Trust (WPCT) 62.63p 6.16%Kaz Minerals (KAZ) 569.80p 5.75%Games Workshop Group (GAW) 4,942.00p 4.04%Kier Group (KIE) 167.30p 3.85%Weir Group (WEIR) 1,567.50p 3.74%Stobart Group Ltd. (STOB) 107.20p 3.47%Playtech (PTEC) 442.24p 3.35%Aston Martin Lagonda Global Holdings (AML) 1,055.75p 3.20%Ferrexpo (FXPO) 258.70p 2.74%Synthomer (SYNT) 369.20p 2.56%FTSE 250 - FallersTed Baker (TED) 967.50p -28.12%Funding Circle Holdings (FCH) 246.00p -5.20%Entertainment One Limited (ETO) 376.00p -4.71%Just Group (JUST) 49.14p -4.58%Stagecoach Group (SGC) 126.00p -3.74%Metro Bank (MTRO) 604.50p -3.51%Provident Financial (PFG) 504.80p -2.92%Derwent London (DLN) 3,184.00p -2.69%Syncona Limited NPV (SYNC) 236.50p -2.67%McCarthy & Stone (MCS) 134.15p -2.58%
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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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