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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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UK Earnings, Trading Statements Calendar - Next 7 Days

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4 Jul 2018 12:43

Standard Life Aberdeen Rises Interest In Ophir Energy To 5.2% (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC on Wednesday said Standard Life Aberdeen PLC upped its holding the exploration company to 5.2%.Prior to Monday's transaction, Standard Life was

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31 May 2018 09:28

BROKER RATINGS SUMMARY: UBS Raises Ocado To Neutral From Sell

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:----------FTSE 100----------LIBERUM RAISES PRICE TARGET TO 6175 -

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18 May 2018 10:32

WINNERS & LOSERS SUMMARY: Retailer Carpetright Rises On Fundraising

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------DS up 2.1%. to

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18 May 2018 09:04

Ophir Energy Chief Executive Nicholas Cooper To Step Down

LONDON (Alliance News) - Oil and gas company Ophir Energy PLC said on Friday Chief Executive Officer Nicholas Cooper will step down form his role with immediate effect, but will remain with the to

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18 May 2018 07:42

LONDON MARKET PRE-OPEN: Lower Call As AstraZeneca Earnings Slip

LONDON (Alliance News) - Stock prices in London are seen opening marginally lower on Friday after the FTSE 100 set a record closing high on Thursday, as AstraZeneca reported a drop a

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14 May 2018 09:14

Ophir Energy Signs Farm-Out With Kosmos Energy In Equatorial Guinea

LONDON (Alliance News) - Ophir Energy PLC on Monday said it has agreed a farm-out deal with Kosmos Energy for the EG-24 exploration licence in Equatorial Guinea.Kosmos is to acquire a 40% a

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9 May 2018 16:12

UK Shareholder Meetings Calendar - Next 7 Days

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3 May 2018 10:36

Ophir Energy To Acquire Asian Asset Portfolio For USD205 Million

LONDON (Alliance News) - Ophir Energy PLC said Thursday that it will acquire certain Southeast Asian assets from Australian oil and gas company Santos Ltd for USD205 million in cash.The oil

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12 Mar 2018 19:00

UPDATE 1-Start of Golar's floating LNG in Cameroon may draw more Africa clients

* First LNG in Cameroon helps prove Golar's FLNG concept * Expected to positively impact Fortuna FLNG, order book * First LNG export from expected in trading

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7 Mar 2018 12:07

Ophir Energy Focusing On Fortuna Project As Annual Loss Widens

LONDON (Alliance News) - Ophir Energy PLC said on Wednesday its annual loss widened in 2017, a year in which it failed to secure funding for the Fortuna floating liquefied gas

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7 Mar 2018 05:36

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Ophir Energy posts extensive update on passable year

(ShareCast News) - Ophir Energy updated the market on its asset portfolio and trading for the year to 31 December on Thursday. The London-listed firm said the Fortuna FLNG project remained firmly on schedule for a final investment decision in the first half of this year. At Kerendan, Ophir said PLN

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29 Dec 2016 08:48

Ophir Energy confirms completion of Tanzania drilling

(ShareCast News) - Ophir Energy, along with its joint venture partners BG Tanzania (Shell) and Pavilion Energy, announced on Thursday that they have concluded the drilling of two exploration wells offshore Tanzania, safely and on time. The London-listed firm said the programme comprised Kitatange-1

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5 Dec 2016 20:36

Murphy, Ophir-led consortium wins block in Mexico oil auction

MEXICO CITY, Dec 5 (Reuters) - Mexico awarded a consortium of Murphy Sur, Ophir Mexico Holdings, PC Carigali Mexico and Sierra Offshore Exploration the fifth block tendered from the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 5 is a 993.5 squa

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