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

Mon, 14th Nov 2016 14:05

(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 an enterprise value of $747.5m.Banks of all sizes, including challengers like OneSavings Bank, Shawbrook and Aldermore, were given a boost as treasury yields were on the rise from investor expectations of an earlier hike in interest rates from the US Federal Reserve in December after Donald Trump was elected president. Ipek Ozkardeskaya, senior market analyst at London Capital Group, said: "The US 30-year yields hit 3% for the first time since January, leading banks to see the end of the tunnel, as higher yields finally suggest a period of relief for financial services sector that has seen its revenues heavily squeezed by the low-to-negative yield environment over the past years."Mid-cap housebuilder Crest Nicholson climbed after larger peer Taylor Wimpey said the UK housing market remained resilient, despite the implications of Brexit being unclear.Gaming software development company Playtech gained ground as it announced that it has agreed to buy Consolidated Financial Holdings for up to $120m - a deal it said will enhance its position as it continues to build a B2B offering in its financials division.Meanwhile gold miners Centamin and Hochschild fell as gold prices took a 0.51% dive as a result of the US presidential result. "Gold miners are down this morning as the market braces for higher interest rates following the election of Donald Trump. Higher interest rates increase the effective cost of holding gold, making it less attractive to investors," said analyst Nicholas Hyett at Hargreaves Lansdown.Tullow Oil fell as oil prices took a hit with Brent Crude dropping 0.7% to $44/44 and WTI down by 0.9% to $43.02 in the late afternoon. "Oil was shaky on Monday as the heightened fears over the persistent oversupply of oil in the global markets haunted investor attraction. The Dollar resurgence amid rising US rate hike expectations simply pressured oil prices further with concerns that demand may be waning from slowing global growth capping oils upside gains," said FXTM analyst Lukman Otunuga.RisersGreencore Group (GNC) 329.50p 12.88%Shawbrook Group (SHAW) 262.40p 5.47%OneSavings Bank (OSB) 321.50p 4.05%Crest Nicholson Holdings (CRST) 453.80p 3.99%Paragon Group Of Companies (PAG) 351.90p 3.29%Aldermore Group (ALD) 203.90p 3.19%Playtech (PTEC) 910.50p 3.17%GVC Holdings (GVC) 644.50p 3.04%International Personal Finance (IPF) 282.30p 2.65%Marshalls (MSLH) 279.20p 2.61%FallersCentamin (DI) (CEY) 135.60p -3.90%Pennon Group (PNN) 765.50p -3.65%Tullow Oil (TLW) 238.90p -3.20%Hochschild Mining (HOC) 238.90p -3.20%Drax Group (DRX) 293.00p -2.98%AO World (AO.) 166.00p -2.18%Acacia Mining (ACA) 443.40p -1.97%DFS Furniture (DFS) 221.60p -1.95%Fidelity European Values (FEV) 173.20p -1.65%Ascential (ASCL) 285.40p -1.59%
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25 Aug 2016 14:47

FTSE 250 movers: eOne too pricey for ITV, smaller banks a bargain says Merrill

(ShareCast News) - The FTSE fell along with much of the market on Thursday, with Entertainment One and Just Eat leading the way lower. Entertainment One, known as eOne and distributor of the 'David Brent: Life on the Road' film currently in cinemas, was sent skidding as ITV swerved a potential takeo

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25 Aug 2016 12:09

Broker tips: Playtech, Aldermore, Shawbrook, Just Eat

(ShareCast News) - Playtech shares gained on Thursday as Canaccord Genuity raised its target price to 1,125p from 902p and reiterated a 'buy' rating on the stock after the gambling software developer reported its first half results. In the six months to the end of June, revenues rose to €337.7m from

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25 Aug 2016 09:41

Aldermore, Shawbrook boosted by BofA ML upgrade

(ShareCast News) - Challenger banks Aldermore and Shawbrook got a boost on Thursday as Bank of America Merrill Lynch lifted its recommendations on the stocks to 'buy' from 'neutral'. BofA said the introduction of the Bank of England's term funding scheme (TFS) along with a reduction in the UK macroe

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8 Aug 2016 17:21

Industrial metals and mining shares pace advance

(ShareCast News) - Investors continued to shift out of the more defensive segments of the stockmarket and towards cyclical sectors in the wake of the previous session´s unexpectedly strong US jobs feport for July. Industrial Metals & Mining thus received a boost as steel futures climbed. Overnight,

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27 Jul 2016 09:50

Shawbrook income and profit rise in first half

(ShareCast News) - Shawbrook Group posted interim results for the six months to 30 June on Wednesday, with net operating income improving to £99.3m, compared with £77.1m a year ago. The FTSE 250 firm said that of that, interest income, net fee and operating lease income was £140.1m - up from £107.5m

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20 Jul 2016 15:06

UK Earnings, Trading Statements Calendar - Next 7 Days

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12 Jul 2016 11:30

Tuesday newspaper share tips: Challenger banks, Rolls Royce

(ShareCast News) - The share price drops in Britain´s challenger banks following the Brexit referendum looked overdone, the Financial Times´s Lex column argued. Over the two weeks after the vote shares in Aldermore, OneSavings, Shawbrook and Paragon gave back between 12% and 40% of their market capi

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5 Jul 2016 08:39

BROKER RATINGS SUMMARY: Jefferies And Liberum Downgrade UK Retailers

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5 Jul 2016 07:37

LONDON MARKET OPEN: Real Estate Investors Hit By SocGen Downgrades

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4 Jul 2016 18:25

FTSE 250 movers: house builders in focus as mid caps sour

(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed. Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight r

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30 Jun 2016 15:29

FTSE 250 movers: Broader rebound outweighs ongoing housing rout

(ShareCast News) - The FTSE 250 continued to rally on Thursday alongside its blue chip sibling as a broad-based rebound across sectors outweighed continued softness for housing-related stocks after the Brexit vote. Half an hour before the close, the FTSE 250 was up 0.65% to 16,106.31. Some of t

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30 Jun 2016 07:23

LONDON BRIEFING: Shares Open Down As Tory Party Leadership Race Begins

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29 Jun 2016 18:40

Life insurers, oil stocks boost indices

(ShareCast News) - Life insurers jumped on Wednesday on the heels of positive broker comment and supportive remarks from some ex-officials regarding the fall-out, or not, for the sector as a result of Brexit. Prudential´s shares rallied after Barclays reiterated an 'overweight' rating and target pri

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29 Jun 2016 16:41

DIRECTOR DEALINGS SUMMARY: Shawbrook Deputy CEO And HR Boss Buy

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29 Jun 2016 14:25

DIRECTOR DEALINGS: Shawbrook Deputy CEO And HR Director Buy Shares

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