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Share Price: 86.20
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FTSE 250 movers: Metro Bank rises, Ferrexpo loses its shine

Mon, 04th Feb 2019 15:03

(Sharecast News) - London's FTSE 250 was up 0.20% at 18,849.35 in afternoon trading on Monday, with Metro Bank leading the way higher even after shorts positions against the challenger bank's shares jumped to an all-time high.UK gambling outfit Rank Group was also on the rise after Jefferies handed out 'buy' ratings to its contemporaries GVC Holdings, William Hill and Paddy Power Betfair."We see two stages in the evolution of the UK-listed gaming sector: 1. A re-rating now that the regulation-driven downgrade cycle is largely complete and there is greater earnings certainty; 2. A realisation of the scale of US sports betting opportunity," Jefferies said.UDG Healthcare climbed after Liberum analysts reiterated their 'buy' rating of the stock, saying the company's recent cycle of earnings downgrades should be over."The fundamentals of the business remain attractive with 8% organic EPS growth forecast to 2023 which should be supplemented by M&A given UDG's unlevered balance sheet. Since June 2018 the shares have de-rated by circa 40% but with momentum turning and the fundamentals attractive, this is a buying opportunity," they said.Iron ore pellet producer Ferrexpo slumped after it said 2018 earnings would come in at €500m, down from €551m the previous year and announced that it was investigating payments made to a connected Ukraine charitable foundation called Blooming Land.TalkTalk dropped after Goldman Sachs downgraded its price target from 100p to 90p, arguing that, though the telecoms giant's re-positioning in the UK broadband market had driven acceleration in subscriber growth, price pressure has meant weaker average revenue per user growth and the cost of faster growth continues to drive near-term Starmine Smart consensus downgrades.Finally, Domino's Pizza's share price was sliced after the Sunday Times reported that as many as 90% of the takeaway giant's franchisees are refusing to open new stores unless they are given a greater share of profits, while steelmaker Kaz Minerals fell as it was cut to 'hold' at HSBC FTSE 250 - RisersMetro Bank (MTRO) 1,284.00p 7.00%Rank Group (RNK) 173.20p 5.35%Hill & Smith Holdings (HILS) 1,142.00p 3.07%UDG Healthcare Public Limited Company (UDG) 607.50p 2.88%FirstGroup (FGP) 95.00p 2.87%Greggs (GRG) 1,588.00p 2.72%Premier Oil (PMO) 73.91p 2.58%Greencore Group (GNC) 189.75p 2.51%Funding Circle Holdings (FCH) 319.60p 2.44%Brewin Dolphin Holdings (BRW) 304.80p 2.42%FTSE 250 - FallersFerrexpo (FXPO) 240.30p -8.32%Dixons Carphone (DC.) 133.80p -4.05%Renishaw (RSW) 4,322.00p -3.01%Investec (INVP) 482.80p -2.29%IP Group (IPO) 106.80p -2.20%TalkTalk Telecom Group (TALK) 104.00p -2.16%Domino's Pizza Group (DOM) 256.60p -1.95%Sports Direct International (SPD) 277.10p -1.77%Kaz Minerals (KAZ) 608.80p -1.65%JD Sports Fashion (JD.) 450.30p -1.53%
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20 May 2024 10:29

SMALL-CAP WINNERS & LOSERS: Chrysalis recovers; Harworth lower

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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16 May 2024 17:22

Rank shares up as UK government to up limit of allowed gaming machines

(Alliance News) - Rank Group PLC on Thursday welcomed a publication by the UK government which follows a land-based consultation launched in July last year.

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11 May 2024 12:42

Henry Birch among contenders to become CEO of Entain, Sky News reports

May 11 (Reuters) - Henry Birch, the former chief executive of Rank Group, is among the contenders to become the head of British gambling group Entain, Sky News reported on Saturday, citing unidentified sources.

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11 May 2024 11:29

Henry Birch among contenders to become CEO of Entain, Sky News reports

May 11 (Reuters) - Henry Birch, the former boss of Rank Group, is among the contenders to become the next chief executive officer of Entain, Sky News reported on Saturday.

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9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

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

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18 Apr 2024 10:32

Rank Group net gaming revenue rises in third quarter and year-to-date

(Alliance News) - Rank Group PLC on Thursday said trading in its financial third quarter was in line with expectations, while noting that business continued to improve this month and maintaining its outlook.

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18 Apr 2024 09:58

SMALL-CAP WINNERS & LOSERS: Asos shares in fashion; Rank backs outlook

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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18 Apr 2024 08:57

Rank Group on track for full year after strong third quarter

(Sharecast News) - Rank Group reiterated its full-year guidance on Thursday, after third-quarter revenues were boosted by strong trading at Mecca bingo.

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1 Feb 2024 17:03

LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

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1 Feb 2024 10:38

Rank Group "confident" of progress after swinging to interim profit

(Alliance News) - Rank Group PLC on Thursday was optimistic about its prospects for the year ahead, after swinging to profit over the first half.

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1 Feb 2024 09:58

SMALL-CAP WINNERS & LOSERS: Rank Group rises as swings to profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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1 Feb 2024 09:12

Rank Group back in black, confirms full-year guidance

(Sharecast News) - Rank Group reiterated its full-year outlook on Thursday, after a jump in interim revenues helped it swing back into the black.

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25 Jan 2024 15:06

UK earnings, trading statements calendar - next 7 days

Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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19 Oct 2023 10:15

Rank posts quarterly growth across all units despite difficult market

(Alliance News) - Rank Group PLC on Thursday reported growth across all areas despite a "challenging environment" and consumer discretionary expenditure remaining under pressure.

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19 Oct 2023 08:43

Rank Q1 revenues grow amid 'challenging' trading environment

(Sharecast News) - Gambling company Rank Group saw revenues grow in the first quarter despite operating in a "challenging" trading environment.

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