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FTSE 250 movers: Supergroup soars on full-year confidence, Aveva higher on takeover rumours

Wed, 06th May 2015 13:25

Supergroup topped the risers after it claimed it was confident to meet its full-year guidance, on the back of an increase in sales in the fourth quarter. The fashion retailer reported a strong performance in its retail division, following "clearance activity" in the previous quarter, while it expected margins in the fourth quarter to have improved slightly.Wetherspoon was making gains despite like-for-like sales growth slowing in the third quarter, as increased breakfast promotions watered down margins. The pub chain said it remains on track to open around 30 more pubs this year.Ophir Energy was boosted by the decision to move ahead with investments at its Fortuna LNG project offshore Equitorial Guinea. Golar will build, operate and maintain Ophir's floating liquefaction and storage vessel and facilities.Shares in Aveva continued to rise as City rumours about a potential US takeover bubbled to the surface after almost a year lying dormant.Greene King was in the red after N+1 Singer cut its recommendation on the stock from 'buy' to 'hold', after a "soft trading update" from the pubs group on Tuesday.RisersSupergroup (SGP) 1,079.00p +8.22%Aveva Group (AVV) 1,886.00p +7.77%Evraz (EVR) 205.40p +5.66%Ocado Group (OCDO) 374.30p +5.23%Soco International (SIA) 198.80p +4.58%Millennium & Copthorne Hotels (MLC) 608.00p +4.56%Marston's (MARS) 170.00p +4.04%Ted Baker (TED) 2,974.00p +3.99%Wetherspoon (J.D.) (JDW) 761.50p +3.46%Premier Oil (PMO) 185.60p +3.46%FallersDiploma (DPLM) 739.00p -9.44%Genus (GNS) 1,265.00p -8.60%Man Group (EMG) 172.30p -6.10%AL Noor Hospitals Group (ANH) 856.00p -5.10%Brown (N.) Group (BWNG) 320.00p -4.48%PayPoint (PAY) 808.00p -4.27%AO World (AO.) 172.50p -4.17%Centamin (DI) (CEY) 61.75p -4.04%Kaz Minerals (KAZ) 258.80p -4.01%Allied Minds (ALM) 620.00p -3.50%
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(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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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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