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FTSE 250 movers: Board expectations lift AVEVA, Meggitt

Tue, 19th Apr 2016 14:07

(ShareCast News) - The FTSE 250 was keeping its head above water on Tuesday afternoon, as oil prices continued their recovery.Engineering data and design software provider AVEVA was among the top risers, after the firm indicated its results to 31 March were likely to be broadly in line with expectations. In a morning update to the market, AVEVA's board did warn that adjusted profit before tax was impacted by year-end foreign exchange effects resulting from a weakening of the US dollar in March. It also said there would be a one-off £4m cost in the results, arising from recent cost saving measures.Defence and aerospace engineer Meggitt was also on the up, after it too reiterated its full-year revenue guidance. The company's board said first quarter trading was in line with expectations, with organic revenue growth of 1% excluding the effects of M&A and foreign exchange. Meggitt had previously announced revenue and earnings will be weighted towards the second half of the year.Clothing retailer Supergroup continued its downward slide, after having its 'outperform' rating reiterated by analysts at RBC Capital on Monday. The report put a target price of 1,800p on the stock, indicating a potential upside of 35.54% from its opening price for the week, though the market had an adverse reaction to the news on Monday which only sharpened on Tuesday. The stock did pare back a fraction of its losses in afternoon trading.Travel group Thomas Cook was also on a similar ride, continuing a downward trend that began when markets opened on Monday. The fall came after Berenberg Bank issued a research note on Sunday, reiterating its 'hold' rating on the company's shares. Analysts at Berenberg put a 105p price target on Thomas Cook, which at the time indicated a potential upside of 10.88%.FTSE 250 - RisersAveva Group (AVV) 1,655.00p 8.67%Clarkson (CKN) 2,390.00p 6.46%Entertainment One Limited (ETO) 192.20p 6.25%Meggitt (MGGT) 413.30p 6.19%TalkTalk Telecom Group (TALK) 250.00p 5.26%Euromoney Institutional Investor (ERM) 943.00p 4.78%Essentra (ESNT) 862.00p 4.48%Weir Group (WEIR) 1,174.00p 4.36%Rotork (ROR) 175.00p 4.17%Just Eat (JE.) 378.20p 4.10%FTSE 250 - FallersSupergroup (SGP) 1,240.00p -4.76%OneSavings Bank (OSB) 281.00p -3.44%Laird (LRD) 360.50p -2.70%Shawbrook Group (SHAW) 273.50p -2.32%Redefine International (RDI) 46.90p -1.24%ICAP (IAP) 468.40p -1.10%International Personal Finance (IPF) 275.20p -1.08%Thomas Cook Group (TCG) 92.75p -1.01%St. Modwen Properties (SMP) 309.50p -0.96%Marshalls (MSLH) 338.00p -0.91%
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Thursday broker round-up

(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 222p. Burberry: UBS keeps at buy with a 1650p target. Acacia: Jefferies reiterates buy with a 640p target. Genel: UBS stays at neutral with a 130p target. Asos: Goldman Sachs downgrades to neutral with a target price of 510

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14 Jul 2016 09:42

WINNERS & LOSERS SUMMARY: SuperGroup Shares Soar On Special Dividend

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14 Jul 2016 08:36

Supergroup ahead at year-end as faux-Japanese fashion flies

(ShareCast News) - Supergroup, owner of the faux-Japanese fashion brand Superdry, announced full-year results for the 53 weeks to 30 April on Thursday. On a comparable 52-week basis, revenue was up 21.3% to £590.1m, and underlying gross margin improved 60 basis points to 61.5%. Underlying operating

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14 Jul 2016 07:28

LONDON MARKET OPEN: Hays Leads FTSE 250 Gainers Ahead Of BoE Decision

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14 Jul 2016 06:26

TOP NEWS: SuperGroup Profit Down On Costs But Pays Special Dividend

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7 Jul 2016 15:13

UK Earnings, Trading Statements Calendar - Next 7 Days

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5 Jul 2016 10:02

Broker tips: UK retailers, Petrofac, Whitbread

(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar i

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5 Jul 2016 09:15

Liberum downgrades Pets at Home, upgrades Supergroup post Brexit

(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar

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5 Jul 2016 08:39

BROKER RATINGS SUMMARY: Jefferies And Liberum Downgrade UK Retailers

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12 May 2016 16:01

LONDON MARKET CLOSE: Stocks Fall As BoE Cuts UK Growth Forecasts

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12 May 2016 11:26

EXTRA: SuperGroup Surges As Like-For-Like Sales Growth Quickens

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12 May 2016 11:09

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12 May 2016 09:44

WINNERS & LOSERS SUMMARY: SuperGroup Shares Firmly In Fashion

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12 May 2016 08:28

SuperGroup surges as fourth quarter boosted by Idris and sportswear

(ShareCast News) - SuperGroup lifted its full year profit guidance after a powerful fourth-quarter where retail sales from the street fashion group surpassed last year's strong performance. The company, which operates under the Superdry clothing label and associated retail chain, said profit for the

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