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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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SuperGroup co-founder to quit firm

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12 May 2016 06:55

TOP NEWS: SuperGroup Like-For-Like Sales Growth Quickens

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5 May 2016 15:07

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8 Apr 2016 08:32

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4 Mar 2016 11:17

BUZZ-UK retailers: Investec mulls impact of "Brexit"

** Investec analysts point to 5 key issues - weaker consumer demand, sterling weakness, labour cost pressure, change in trade terms, and the basis on which investment decisions are made ** But none of these issue are new to the UK retail industry, which the analysts see as better placed tha

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25 Feb 2016 09:36

BROKER RATINGS SUMMARY: Berenberg Downgrades Next To Hold From Buy

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12 Feb 2016 15:08

FTSE 250 miners: Metals and oil stocks rebound

(ShareCast News) - The FTSE 250 was in the black on Friday, with the index up 231.28 points (1.52%) to 15,410.08 by mid-afternoon. Miners featured at the top of the risers list as metal prices rebounded, with shares in Vedanta Resources up nearly 8% as a result. The company also said it is cutting

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12 Feb 2016 12:07

LONDON MARKET MIDDAY: Shares Rebound As Rolls Relief Helps Sentiment

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12 Feb 2016 11:41

London midday: Rolls Royce leads gains ahead of US data

(ShareCast News) - London-listed shares were moving higher at the end of the week as Rolls Royce dismissed worries about an impending rights-issue and after better-than-expected results out of German lender Commerzbank helped to buoy sentiment towards the bank sector across the Continent. As of 11:5

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12 Feb 2016 11:04

SuperGroup founder sells 4m shares, reportedly to fund divorce

(ShareCast News) - The founder of SuperGroup - the company behind the popular Superdry fashion brand - has sold 4m shares due to "personal circumstances" amid reports he plans to use the proceeds to fund his divorce. The shares were sold at 1,200p each via an accelerated bookbuild placing to institu

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12 Feb 2016 10:38

WINNERS & LOSERS SUMMARY: Investor Relief As Rolls-Royce Keeps Outlook

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12 Feb 2016 08:41

LONDON MARKET OPEN: Rolls-Royce Jets Skyward As Outlook Is Maintained

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12 Feb 2016 08:29

DIRECTOR DEALINGS: SuperGroup Founder Dunkerton Sells 4 Million Shares

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