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FTSE 250 movers: Go Ahead hits buffers; N Brown update in fashion

Thu, 16th Jun 2016 13:04

(ShareCast News) - Go-Ahead shares were going nowhere on Thursday after commuters on Britain's largest railway franchise were lumped with the promise of more misery this week, as conductors on the Southern arm of Govia Thameslink Railway announced a strike, set down for next Tuesday.The railway franchise - a joint venture 65% owned by Go-Ahead - currently sees hundreds of trains cancelled daily, averaging five times as many cancellations as the second-worst performing operator.Shares in N Brown led the risers after a trading update that was nohere near as bad as analysts has been fearing, lifting shares from their four-year low with management confident that a second half improvement will see the clothing retailer hit its full year targets.Group revenue was down 0.2% in the first quarter, with the analysts consensus having pointed to a 2% fall.Shares in design, engineering and project management consultancy WS Atkins were also in the black after the firm reported a 6% rise in revenue in its final results on Thursday, to £1.86bn.The FTSE 250 firm posted underlying operating profit of £148.2m, up 10.5%, achieving its 8% margin target at the same time.Restaurant Group led the fallers, followed not far behind by Indivior, as both were among stocks going ex-dividend on Thursday. Restaurant Group, operator of Frankie & Benny's, Garfunkel's and Chiquito eatery chains, could also have been dented by news that trading at larger UK pubs and restaurant groups slowed in May, with like-for-like sales down 1.4% year-on-year as a hefty decline at casual dining chains outweighed a small improvement for pubs.Findings from the Coffer Peach Business Tracker were the biggest one-month decrease in well over two years and showed the sector has founding it increasingly tough in recent months, with sales worsening from the 0.8% decline seen in April.William Hill was down after a downgrade from Investec to 'reduce' from 'add'. This helped send the bookmaker's shares to their lowest point since the first half of 2012.Analysts see 2017 estimates at risk in a "bleak outlook" as the UK's biggest retail bookie is being hurt by management upheaval, tighter regulations, tech issues and new measures to help problem gamblers, Investec said. Challenger banks Aldermore and Shawbrook were down alongside their larger banking peers, continuing a recent theme as markets fret over record low interest rates and the risk of a Brexit vote next week, which is seen as putting banking stocks particularly at risks. Market MoversFTSE 250 (MCX) 16,148.14 -0.92%FTSE 250 - RisersBrown (N.) Group (BWNG) 228.80p 6.72%Centamin (DI) (CEY) 116.40p 5.63%Atkins (WS) (ATK) 1,263.00p 4.99%Euromoney Institutional Investor (ERM) 994.50p 4.68%Jimmy Choo (CHOO) 112.90p 3.39%Safestore Holdings (SAFE) 353.60p 3.30%CLS Holdings (CLI) 1,508.00p 1.89%Henderson Group (HGG) 240.80p 1.56%Acacia Mining (ACA) 346.50p 1.40%Rank Group (RNK) 231.00p 1.23%FTSE 250 - FallersRestaurant Group (RTN) 315.70p -7.66%Aldermore Group (ALD) 176.20p -6.62%William Hill (WMH) 275.50p -6.07%Indivior (INDV) 215.00p -5.45%Kaz Minerals (KAZ) 131.50p -5.26%Shawbrook Group (SHAW) 220.10p -4.88%Go-Ahead Group (GOG) 1,993.00p -4.73%Tullow Oil (TLW) 232.50p -4.32%NMC Health (NMC) 1,048.00p -4.29%Evraz (EVR) 119.90p -4.16%
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16 Feb 2017 09:53

Panmure initiates coverage of challenger banks

(ShareCast News) - Panmure Gordon initiated coverage on several challenger banks on Thursday, highlighting a preference for specialist lenders as they have avoided direct competition with large UK banks and offer high growth and returns at attractive valuations. The brokerage started Aldermore, OneS

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16 Feb 2017 08:41

LONDON MARKET OPEN: Airlines Up As Cobham Suffers From Profit Warning

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7 Feb 2017 11:09

Shawbrook appoints Dylan Minto as CFO

(ShareCast News) - Challenger bank Shawbrook Group has appointed Dylan Minto as chief financial officer and executive director with effect from 6 February. The specialist lending and savings bank said Minto's appointment follows an extensive market search for the best candidate following the departu

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21 Dec 2016 09:25

BROKER RATINGS SUMMARY: RBC Upgrades Shawbrook To Sector Perform

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21 Dec 2016 07:39

RBC Capital ups Shawbrook to 'sector perform', lifts EPS estimates

(ShareCast News) - RBC Capital Markets upgraded challenger bank Shawbrook to 'sector perform' from 'underperform' and lifted the price target to 280p from 210p as it upped its earnings forecasts. The bank noted the stock is off 26% this year versus the sector average off 2%. In addition, it pointed

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13 Dec 2016 10:09

Liberum initiates coverage of challenger banks, prefers OneSavings

(ShareCast News) - Liberum initiated coverage of five challenger banks with three 'buy' recommendations and two 'hold' stances. The brokerage started OneSavings Bank, Shawbrook and Aldermore at 'buy' with price targets of 395p, 290p and 245p, respectively. It said OneSavings is making regulatory ch

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14 Nov 2016 14:40

Sector movers: Banks lead gains as strategists raise US yield forecasts

(ShareCast News) - Shares in banks and life insurance outfits continued to pace gains as Treasury yields kept moving higher in the States on expectations for a fiscal spending boost under the new Administration, pulling interest rates across the globe up with them. For the most part, analysts app

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14 Nov 2016 14:05

FTSE 250 movers: Greencore and banks gain while gold miners fall

(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a

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3 Nov 2016 17:55

CORRECT: LONDON MARKET CLOSE

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3 Nov 2016 16:14

Director dealings: Shawbrook stand-in CFO likes what he sees

(ShareCast News) - Shawbrook Group's stand-in chief financial officer, Dylan Minto, snapped up shares in the challenger bank on Thursday after it posted a strong set of third quarter results. Minto, who was director of strategy before his temporary promotion, bought 15,000 shares at 237.74p and 5,00

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3 Nov 2016 08:26

Shawbrook posts solid quarter with 'minimal' impact from Brexit

(ShareCast News) - Shawbrook Group issued its interim management statement for the nine months to 30 September on Thursday, reporting a stable net interest margin of 5.6%, with continued tailwinds expected from deposit book repricing following the Bank of England base rate cut in August 2016. The FT

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26 Oct 2016 09:12

Banks' mortgage approvals rebound from low, BBA data shows

(ShareCast News) - Mortgage approvals from high street banks rebounded slightly in September, according to data from high street banks, after hitting a 19-month low in August. The British Bankers' Association (BBA) revealed mortgage approval numbers in September of 38,252, which was up from 37,241 i

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25 Oct 2016 11:46

Credit Suisse sees rising risks for challengers banks Aldermore, Shawbrook

(ShareCast News) - OneSavings Bank received an upgrade but Aldermore and Shawbrook were downgraded by Credit Suisse as it warned the risks facing the UK's challenger banks were "becoming harder to ignore" heading into 2017. Following solid share price recoveries in recent months, the risk-reward for

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25 Oct 2016 07:15

LONDON BRIEFING: Pound And Shares Firm Ahead Of UK Airport Decision

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23 Sep 2016 08:34

RBC ups targets on specialty lenders due to UK economic resilience

(ShareCast News) - Analysts at RBC revised their price targets for UK challenger banks higher as a result of the resilience shown thus far by the economy and the support provided by the Bank of England. The broker also revised its forecasts higher for Aldermore,Close Brothers and Shawbrook. "While

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