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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 Jan 2016 08:32

LONDON MARKET OPEN: Oil Rally And BoJ Rate Cut Boost Shares

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29 Jan 2016 07:24

Tanzania finalises land deal for delayed LNG project

By Fumbuka and Ng'wanakilala DAR ES SALAAM, Jan 29 (Reuters) - Tanzania said on Friday it had finalised a land acquisition for the site of a planned liquefied natural gas (LNG) plant and was now working to compensate and resettle villagers to move forward on a long-delayed project. Ta

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27 Jan 2016 17:31

Wednesday broker round-up

(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S

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27 Jan 2016 10:49

Ophir Energy says BP veteran William Schrader to be chairman

(ShareCast News) - William Schrader will replace Nicholas Smith as chairman of oil and gas company Ophir Energy with effect from 30 April. Schrader has over 30 years' experience working at BP and joined the board of Ophir as a non-executive director in February 2013. Senior independent non-executiv

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27 Jan 2016 10:16

Ophir Energy Appoints BP Veteran William Schrader As New Chairman

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25 Jan 2016 17:07

LONDON MARKET CLOSE: Banks Weigh On FTSE 100 Amid PPI Fears

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25 Jan 2016 15:11

FTSE 250 movers: IMI downgrade sees market dip into red

(ShareCast News) - The FTSE 250 was flip-flopping between the black and the red on Monday, with the second-tier market relatively flat by mid-afternoon, down just 9.12 points (0.06%) to 16,118.87. IMI took the biggest hit after Credit Suisse downgraded the engineer from 'neutral' to 'underperform' a

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25 Jan 2016 12:18

LONDON MARKET MIDDAY: Flat Trade As Oil Rally Fades, Fed Meeting Looms

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25 Jan 2016 11:50

UPDATE: Ophir Adds Schlumberger To Fortuna But Says Production To Fall

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25 Jan 2016 10:09

WINNERS & LOSERS SUMMARY: Kingfisher Slips As It Details Restructuring

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25 Jan 2016 08:34

LONDON MARKET OPEN: Stocks Turn South As Oil Prices Rally Snuffed Out

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25 Jan 2016 07:47

Ophir Energy signs Fortuna contract with Schlumberger

(ShareCast News) - Ophir Energy has signed a non-binding head of terms agreement with Schlumberger, which will receive a 40% interest in the company's Fortuna project in Equatorial Guinea. Under the definitive agreement, which is expected to be signed in the second quarter, Schlumberger will reimbur

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25 Jan 2016 07:34

Ophir Energy Inks Schlumberger Deal For Fortuna Project

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22 Jan 2016 17:00

LONDON MARKET CLOSE: Oil Rebound, Draghi Comments Lift Global Stocks

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