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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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29 Mar 2022 09:54

TOP NEWS SUMMARY: War hits consumer confidence as peace talks resume

(Alliance News) - The following is a summary of top news stories Tuesday.

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29 Mar 2022 08:36

LONDON BROKER RATINGS: JPMorgan cuts Barclays and raises Virgin Money

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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29 Mar 2022 07:22

LONDON BRIEFING: SSE raises annual guidance despite weak wind power

(Alliance News) - Electricity utility SSE on Tuesday lifted annual guidance and said it does not have any supply pacts with Russian counterparts.

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28 Mar 2022 09:17

LONDON BROKER RATINGS: HSBC lifts Kingspan; UBS raises Aviva

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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27 Mar 2022 19:59

Sunday newspaper round-up: Biden, Beer, Royal Mail

(Sharecast News) - The White House clarified comments from Joe Biden who earlier had called for Russian President Vladimir Putin's ouster. In a speech delivered in Poland, Biden said: ""For God's sake, this man cannot remain in power." A spokesman for the White soon after stated that US leader was not talking about 'regime change'. "The president's point was that Putin cannot be allowed to exercise power over his neighbours or the region," the spokesman explained. - The Sunday Times

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17 Mar 2022 09:40

LONDON BROKER RATINGS: Upgrades for Diageo, Whitbread and Fevertree

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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9 Mar 2022 11:41

IN BRIEF: Go-Ahead hires Royal Mail UK interim CFO as finance chief

Go-Ahead Group PLC - Newcastle, England-based public transport operator - Hires Sarah Mussenden to be chief financial officer, starting May 9. Mussenden currently is interim CFO at Royal Mail UK, part of Royal Mail PLC. Previous roles were at British Gas, part of Centrica PLC, and British Airways, part of International Consolidated Airlines Group SA. She currently is a non-executive director of asset manager Premier Miton Group PLC. At Go-Ahead, Mussenden will replace Interim CFO Gordon Boyd.

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3 Mar 2022 13:36

Credit Suisse downgrades Royal Mail, highlights parcel volume risks

(Sharecast News) - Credit Suisse downgraded Royal Mail on Thursday to 'underperform' from 'neutral' and cut the price target to 345p from 558.11p, citing 10% potential downside.

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3 Mar 2022 10:02

LONDON BROKER RATINGS: Downgrades for Hikma Pharma and Royal Mail

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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2 Mar 2022 09:52

LONDON BROKER RATINGS: Downgrades for AB Foods, BT and Royal Mail

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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2 Mar 2022 07:47

Liberum downgrades Royal Mail to 'sell', shares slump

(Sharecast News) - Liberum downgraded its stance on Royal Mail on Wednesday to 'sell' from 'hold' and cut the price target to 355p from 470p as it pointed to a margin squeeze risk from pay inflation ahead of the company's pay negotiations with trade union CWU.

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1 Mar 2022 10:46

Evraz and Polymetal to leave FTSE 100, Howden set to join

(Sharecast News) - Evraz and Polymetal International will drop out of the FTSE 100 after the shares were hammered by Russia's invasion of Ukraine with Howden Joinery ready to join the index of top public companies.

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3 Feb 2022 16:18

UK earnings, trading statements calendar - next 7 days

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1 Feb 2022 21:11

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

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27 Jan 2022 10:09

LONDON BROKER RATINGS: Fresnillo and Polymetal hit by downgrades

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