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FTSE 250 movers: Kier recovers, Ted Baker tumbles

Fri, 07th Jun 2019 14:54

(Sharecast News) - London's FTSE 250 was 0.36% higher at 19,139.81 in afternoon trade on Friday, with Kier Group leading the index higher after a week that saw the construction firm's share price tumble on the back of a profit warning.Meanwhile, Games Workshop also advanced as it said sales and profit growth extended to the end of its financial year as it reiterated guidance for annual results, stating that sales for the year to 2 June will be about £254m and pre-tax profit will be at least £80m, versus profit of £74.55m a year earlier.Russ Mould, investment director at AJ Bell, said: "This truly is a business which has hit the right formula to drive up earnings. Historically it rode the hype around Lord of the Rings as the public snapped up miniature fantasy figures, however that catalyst soon fell away once the film series had ended. This time round it has established a bigger group of fans buying into its Warhammer brand and other items, and is not simply relying on a successful film or book series to drive business."Iron ore pellet producer Ferrexpo rallied after saying that group first half underlying earnings were expected to increase "materially" due to higher prices and sales.While Ted Baker was the top faller, Royal Mail was also knocked lower by a downgrade to 'hold' at HSBC, where analysts also cut the stock's target price from 300p to 216p as they argued that, though the post carrier's plan to increase automation and re-orientate the business towards parcels is credible and necessary, the benefits are "clearly back end loaded" based on analyst forecasts.Woodford Patient Capital Trust - run by Neil Woodford - was among the most prominent fallers for a fourth straight session after it emerged on Tuesday that the firm's flagship Equity Income Fund had been suspended after "an increased level of redemptions".Investment platform AJ Bell was in the red after Invesco Asset Management sold 38m shares - a 9.3% stake - in the business for £144.4m.Finally, Pets at Home also edged lower after a downgrade to 'hold' at HSBC as analysts stated that, though the company's long-term potential is "significant", they believe that the stock is fairly valued.Market MoversFTSE 250 (MCX) 19,134.97 0.36%FTSE 250 - RisersKier Group (KIE) 162.80p 11.97%Games Workshop Group (GAW) 4,674.00p 5.13%Just Group (JUST) 46.56p 4.49%Drax Group (DRX) 304.00p 4.18%Spectris (SXS) 2,650.00p 3.68%Babcock International Group (BAB) 476.30p 3.41%Indivior (INDV) 46.07p 3.37%Ferrexpo (FXPO) 246.70p 3.31%3i Infrastructure (3IN) 288.50p 2.85%Dixons Carphone (DC.) 123.85p 2.78%FTSE 250 - FallersTed Baker (TED) 1,265.50p -7.49%Go-Ahead Group (GOG) 1,991.00p -4.28%Royal Mail (RMG) 195.60p -3.88%Fisher (James) & Sons (FSJ) 1,994.00p -3.20%Woodford Patient Capital Trust (WPCT) 62.48p -3.13%FirstGroup (FGP) 103.70p -2.99%Metro Bank (MTRO) 651.00p -2.76%AJ Bell (AJB) 391.00p -2.25%Amigo Holdings (AMGO) 263.50p -2.23%Pets at Home Group (PETS) 176.10p -2.17%
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Royal Mail workers launch 48-hour strike over pay

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Royal Mail to hold 19 days of strike action

(Sharecast News) - Employees at Royal Mail will hold 19 days of strike action over both pay and terms and conditions during the peak build-up to Christmas time.

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27 Sep 2022 09:38

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LONDON MARKET MIDDAY: BoE raises key UK rate by half point to 2.25%

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22 Sep 2022 10:37

Royal Mail calls for further talks with CWU as deadlock continues

(Alliance News) - Royal Mail PLC on Thursday said that after five months of talks, it has not been able to reach an agreement with the Communication Workers Union and hopes to take the union to the Advisory, Conciliation and Arbitration Service.

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22 Sep 2022 10:27

Royal Mail looking to take union talks to arbitration

(Sharecast News) - Royal Mail said on Thursday that it wants to take talks with the Communication Workers Union to arbitration, having failed to make any progress over pay rises after five months, and that it will "review" agreements aimed at protecting jobs and conditions that were signed nine years ago when the company was privatised.

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(Alliance News) - Stocks in London ended a difficult week in the red on Friday, as disappointing UK retail sales data sent the pound plunging and painted a gloomy picture about the nation's economy ahead of a major interest decision from the Bank of England next week.

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16 Sep 2022 12:12

REPEAT: Pound at lowest since 1985 after UK retail data

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LONDON MARKET MIDDAY: Pound at lowest since 1985 after UK retail data

(Alliance News) - Significant depreciation by the pound spared the FTSE 100 from deeper losses on Friday, amid sour global market sentiment.

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