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FTSE 250 movers: Petrofac, Acacia Mining, Virgin Money

Fri, 22nd Jan 2016 14:24

(ShareCast News) - A second day of large gains saw West Texas Intermediate crude oil futures clock in with their biggest two-day advance since August 2015. According to Blacrock's chief, institutionals began wading into financial markets as far back as last Wednesday. Dovish remarks from the ECB's Mario Draghi further supported risk sentiment the next day and came alongside speculation from different corners that both the BoJ and the US Fed might soften their current policy biases. Overnight, the chairman of Saudi Aramco described the recent fall in oil quotes as "irrational". All of the above put a bid into the shares of oil field services firms such as Petrofac and lent a hand to the smaller oil explorers such as Ophir Energy or Tullow Oil. Amec Foster Wheeler was another notable beneficiary of the bounce in oil.Acacia Mining saw slight profit-taking as improved market sentiment took some of the lustre out of the price of gold. Shares of the Tanzania-focused gold miner had also risen sharply in the previous session after announcing that gold output had increased by 2% in 2015. The outfit also announced plans to raise guidance for this year following the ramp-up of the flagship Bulyanhulu mine.Shares in Virgin Money bounced back violently following the extremely poor start to the year. Some analysts believe the prospect of interest rates staying lower for longer this year is "singularly unhelpful" for the lender and will lead to a slightly softer pace of improvement in its net interest margins.FTSE 250 - RisersTullow Oil (TLW) 149.30p +15.56%Virgin Money Holdings (UK) (VM.) 309.70p +9.43%Renishaw (RSW) 1,746.00p +9.12%Ophir Energy (OPHR) 84.90p +7.40%Petrofac Ltd. (PFC) 747.00p +7.02%Amec Foster Wheeler (AMFW) 401.30p +6.81%Telecom Plus (TEP) 945.00p +6.48%Circassia Pharmaceuticals (CIR) 300.00p +6.38%Mitchells & Butlers (MAB) 287.50p +6.25%Spectris (SXS) 1,622.00p +6.08%FTSE 250 - FallersMoneysupermarket.com Group (MONY) 319.50p -2.32%Dignity (DTY) 2,227.00p -1.76%Ocado Group (OCDO) 277.00p -1.74%Jimmy Choo (CHOO) 123.50p -1.67%Go-Ahead Group (GOG) 2,441.00p -1.41%Ted Baker (TED) 2,611.00p -1.14%Poundland Group (PLND) 149.00p -1.00%Lancashire Holdings Limited (LRE) 600.50p -0.83%Nostrum Oil & Gas (NOG) 291.70p -0.78%Acacia Mining (ACA) 174.30p -0.74%
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15 Feb 2019 14:24

Goldman Sachs Holds 6% Ophir Energy Stake After Deal (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC said Friday that Goldman Sachs Group Inc holds 6.26% stake in the oil and gas exploration firm after a transaction on Tuesday.Goldman Sachs's

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11 Feb 2019 13:38

Monday broker round-up

(Sharecast News) - Metro Bank: Berenberg upgrades to hold with a target price of 1,200p.

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8 Feb 2019 14:29

Sand Grove Capital Management Lifts Holding In Ophir Energy To 11% (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC on Friday said Sand Grove Capital Management LLP increased its stake in the oil and gas exploration and production company.In a transaction on Sand

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1 Feb 2019 15:50

Sand Grove Capital Management Builds 6.4% Ophir Energy Stake (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC said Friday Sand Grove Capital Management Ltd had built a 6.4% stake in the oil & gas firm in a transaction on Wednesday.Sand Grove held 45.5 a

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30 Jan 2019 11:57

LONDON MARKET MIDDAY: Lower Pound Propels FTSE; US Fed Decision Due

LONDON (Alliance News) - The FTSE 100 was racing ahead of European peers on Wednesday as the pound continued to trundle following last night's parliamentary Brexit vote. In the US, stocks are

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30 Jan 2019 10:28

Ophir Energy agrees to Medco takeover

(Sharecast News) - Exploration and production group Ophir Energy has agreed to be taken over by Indonesia's Medco in a deal that values the company at around £390.6m.

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30 Jan 2019 08:38

Ophir Energy Reaches Takeover Agreement With Indonesia's PT Medco

LONDON (Alliance News) - Ophir Energy PLC and PT Medco Energy Internasional Tbk have reached an agreement over a takeover, the latter said on Wednesday.Indonesian firm PT Medco will be 55 a

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28 Jan 2019 15:46

Ophir Energy extends deadline for Medco takeover offer

(Sharecast News) - Ophir Energy has extended the deadline for Indonesian oil and gas producer Medco Energi Internasional to make a firm takeover offer or walk away from a deal, the company reported on Monday.

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28 Jan 2019 10:47

Deadline Extended For PT Medco To Make Firm Offer For Ophir Energy

LONDON (Alliance News) - Ophir Energy PLC said on Monday the deadline for PT Medco Energi Internasional Tbk to firm its takeover intentions has been extended.PT Medco, an Indonesia oil and

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15 Jan 2019 14:23

Ophir Energy capex comes in below forecasts

(Sharecast News) - Ophir Energy updated the market on its trading and operations for the 12 months ended 31 December on Tuesday, reporting estimated capital expenditure including pre-licence expenditures of $122m, which was below its previous guidance of $145m.

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15 Jan 2019 09:30

Ophir Energy Sees 8% Rise In 2018 Production, 2019 Output To Be Lower

LONDON (Alliance News) - Ophir Energy PLC said Tuesday that it expects a substantial increase in average production for 2018 due to the integration of South East Asian assets acquired from firm is

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14 Jan 2019 11:09

EXTRA: Ophir Energy Rebuffs Proposal From Indonesian Rival PT Medco

LONDON (Alliance News) - Ophir Energy PLC has rejected a possible offer from Indonesia's PT Medco Energi Internasional Tbk, the company said Monday, at a price below what was proposed in is at

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14 Jan 2019 10:31

Ophir board rejects proposed Medco offer

(Sharecast News) - Ophir Energy has rejected a possible takeover offer by PT Medco Energi Global as the board feels it undervalues the company's shares.

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14 Jan 2019 08:07

TOP NEWS: Ophir Energy Rejects Medco Energi's GBP343 Million Offer

LONDON (Alliance News) - Ophir Energy PLC said Monday its board unanimously rejected a takeover offer from Jakarta-listed energy company PT Medco Energi Internasional Tbk, which values the company

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11 Jan 2019 14:04

UPDATE: PT Medco's Latest Proposal Lower Than Two Previous - Ophir

LONDON (Alliance News) - PT Medco Energi Internasional Tbk's possible offer for Ophir Energy PLC is well below what it proposed in October, Ophir said Friday.Earlier Friday, PT Medco if

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