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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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29 Apr 2016 09:28

WINNERS & LOSERS SUMMARY: New Profit Warning Slams Restaurant Group

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29 Apr 2016 08:57

Ophir Energy hits stumbling block at Fortuna

(ShareCast News) - Ophir Energy hit a stumbling block on its road to final investment decision at the Fortuna floating liquefied natural gas project, offshore Equatorial Guinea, it reported Friday. The FTSE 250 company said that, since the 16 January heads of terms agreement with Schlumberger for up

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29 Apr 2016 07:38

LONDON MARKET OPEN: IAG Leads FTSE 100 Rout After Wall Street Decline

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29 Apr 2016 07:27

Ophir Shares Fall As It Terminates Talks With Schlumberger

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21 Apr 2016 11:18

LONDON MARKET MIDDAY: Ex-Dividends Offset Crude Rally Ahead Of ECB

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21 Apr 2016 07:41

LONDON MARKET OPEN: FTSE 100 Flat As Ex-Dividends Offset Oil Rally

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18 Apr 2016 07:37

LONDON MARKET OPEN: Oil Down, Travel Stocks Up As Doha Talks Fail

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14 Apr 2016 14:09

Thursday broker round-up

(ShareCast News) - Metro Bank: Goldman Sachs reiterates neutral with a target price of 2080p. Burberry: Credit Suisse stays at underperform with a target price of 1050p. JD Sports: Investec keeps at buy with a target price of 1420p and Cantor Fitzgerald reiterates buy with a target of 1400p. Tesco

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5 Apr 2016 08:31

Sound Energy Gets Indonesian Licence Payment From Ophir Energy

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10 Mar 2016 08:15

Ophir Resets 2016 Guidance Due To Downturn, Books Loss In 2015

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7 Mar 2016 08:41

LONDON MARKET OPEN: Old Mutual Shares Up As It Explores "All Options"

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25 Feb 2016 09:20

Tanzania makes big onshore natural gas discovery - local newspapers

DAR ES SALAAM, Feb 25 (Reuters) - Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation's total estimated recoverable natural gas reserves to more than 57 tcf, local media reported on Thursday. The onshore rese

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3 Feb 2016 08:34

LONDON MARKET OPEN: Hikma Up, Hargreaves Lansdown Down In Soft Open

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2 Feb 2016 15:33

FTSE 250 movers: Investors worried about Ocado Smart Platform partners

(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 249.75 points (1.51%) to 16,239.51 points by mid-afternoon. Despite posting double-digit revenue growth for the year through "challenging market conditions", shares in Ocado Group were down over 8%. T

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2 Feb 2016 12:33

Liberum cuts targets on wide swathe of oil sector firms

(ShareCast News) - Analysts at Liberum cut their share price targets for a wide swathe of the London-listed oil sector after taking into account the sharp shift lower in futures prices over the last four months. Worries about demand conditions in China and Europe, together with the threat of growing

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