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FTSE 250 movers: Acacia Mining sparkles, Plus500 tumbles

Fri, 15th Feb 2019 15:15

(Sharecast News) - London's FTSE 250 rose by 0.63% to 19,016.43 on Friday afternoon, with precious metals miner Acacia Mining heading up the advance.The miner was on the up amid rising gold prices, which reached multi-month highs as a senior politician in Italy called for the core European Union nation to "change the EU or leave".Stobart Group followed close behind after a court ruled that the civil engineering group's decision to remove former boss and major shareholder Andrew Tinkler as both an employee and a director last summer was a "lawful and valid act", after Tinkler attempted to sue the business.Wagamama owner Restaurant Group recovered after sliding on Thursday following the shock departure of chief executive officer Andy McCue for personal reasons, while Lancashire Holdings continued to inch upward after it reported a swing to profit in 2018 despite higher levels of loss activity related to natural catastrophes.Plus500 tumbled following a report in The Times suggesting that the company may have misled shareholders over some losses in 2017, after it had reported that trading profits and losses made up merely a "marginal component" of group revenue, even though they provided 24% of group revenue last year and had reduced revenue by 20% the year before.Furthermore, Peel Hunt downgraded underlying earnings forecasts for the online trading services provider by 28% to exclude client-bet revenue, stating that "Fundamentally the shape of Plus500's earnings has changed".Drax and was knocked lower by a downgrade from 'hold' to 'sell' at Citi, where analysts also cut the target price from 373p to 320p, while Domino's was on the downturn after Berenberg cut its standing from 'hold' to 'sell' and dropped its target price from 260p to 220p."Having expanded considerably over the past 20 years, Domino's is one of the dominant players in the UK delivery market. However, we think it could be difficult for it to grow much further because the expansion of the delivery aggregators and Papa John's is creating a significantly more competitive environment. In addition, we believe the drivers of growth for the delivery market are more likely to benefit the online aggregators and their customers than Domino's," said Berenberg analysts.Meanwhile, Convatec continued to drop after having posted a 6% drop in adjusted earnings before interest and tax for 2018, with a statement from the company acknowledging that it fell short of targets due to "poor execution".Finally, price comparison website Moneysupermarket dropped after gaining on a jump in full-year revenue and operating profit earlier in the week.Market MoversFTSE 250 (MCX) 19,016.43 0.63%FTSE 250 - RisersAcacia Mining (ACA) 213.80p 7.25%TI Fluid Systems (TIFS) 187.40p 5.88%Stobart Group Ltd. (STOB) 153.20p 4.93%IP Group (IPO) 107.60p 4.67%Restaurant Group (RTN) 135.47p 4.37%Ferrexpo (FXPO) 264.01p 4.19%Contour Global (GLO) 171.20p 3.88%Just Group (JUST) 100.30p 3.78%Card Factory (CARD) 187.30p 3.71%Lancashire Holdings Limited (LRE) 660.00p 3.61%FTSE 250 - FallersPlus500 Ltd (DI) (PLUS) 901.50p -14.14%Drax Group (DRX) 373.40p -5.71%Domino's Pizza Group (DOM) 246.40p -3.18%Cairn Energy (CNE) 208.40p -2.25%Civitas Social Housing (CSH) 99.80p -2.16%Convatec Group (CTEC) 117.65p -2.12%Moneysupermarket.com Group (MONY) 327.10p -1.80%IG Group Holdings (IGG) 587.50p -1.76%Renishaw (RSW) 4,386.00p -1.48%TBC Bank Group (TBCG) 1,328.00p -1.34%
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31 May 2019 10:46

WINNERS & LOSERS SUMMARY: Whitbread Up On GBP2 Billion Capital Return

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 2.1%. Goldman Sachs upgraded the support a

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31 May 2019 08:58

LONDON MARKET OPEN: Miners And Housebuilders Weigh On FTSE 100

LONDON (Alliance News) - Stocks in London were broadly lower, as the FTSE 100 was weighed down by miners reacting to disappointing Chinese economic data and heightened trade tensions, with the US

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29 May 2019 17:08

LONDON MARKET CLOSE: China's Rare Earth Export Ban Threat Sinks Stocks

LONDON (Alliance News) - Worries about a further escalation of the US-China trade dispute saw stocks across the globe sold off on Wednesday, amid concerns China may seek to weaponise its dominance

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29 May 2019 13:44

Wednesday broker round-up

(Sharecast News) - Serco: RBC Capital Markets upgrades to outperform with a target price of 150p.

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29 May 2019 11:58

LONDON MARKET MIDDAY: Sell-Off Deepens Amid China's Rare Earth Threat

LONDON (Alliance News) - The FTSE 100's losses steepened by midday as the blue-chip index traded nearly 100 points lower following surprisingly soft jobs data from Germany and a warning China

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29 May 2019 10:46

WINNERS & LOSERS SUMMARY: Stobart Takes Off After Positive Outlook

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - up 1.3%. The gold miner was tracking spot

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29 May 2019 09:51

Stobart Revenue Rises On Aviation But Swings To Loss On Non-Cash Items

LONDON (Alliance News) - Stobart Group Ltd on Wednesday said revenue rose sharply in its most recent financial year, with particularly strong growth in Aviation, but it swung to a loss as a result

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29 May 2019 08:36

LONDON MARKET OPEN: Trade Worries Make Gold Gleam, Risk Appetite Wane

LONDON (Alliance News) - London's FTSE 100 index dived more than 70 points in opening trade on Wednesday as risk-off trade took hold, with gold miner Fresnillo shining as fled

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29 May 2019 07:44

LONDON MARKET PRE-OPEN: Trainline Confirms IPO; AVEVA Hikes Dividend

LONDON (Alliance News) - Stocks in London are set for another losing session on Wednesday amid a lack of risk appetite due to global growth and trade war worries.In early UK company news, it is to

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29 May 2019 07:27

Stobart swings to full-year loss but revenue rises

(Sharecast News) - Southend airport owner Stobart Group said on Wednesday that it swung to a full-year loss, partly on the back of legal fees, but revenue rose thanks to an improvement in its two core operating businesses.

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22 May 2019 16:12

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 23 May United UtilitesFull Year ResultsMothercareFull Year REITFull 24

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15 May 2019 09:02

Stobart ends long search for new chairman

(Sharecast News) - Stobart has ended its long hunt for a new chairman by appointing David Shearer as a non-executive director of the infrastructure company.

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13 May 2019 15:01

FTSE 250 movers: Metro Bank slides, Amigo ascends

(Sharecast News) - London's FTSE 250 was up 0.8% at 19,442.72 in afternoon trade on Friday, with shares of Metro Bank slumping even as it said plans to raise £350m of equity capital were well advanced after it was forced to reassure customers their money was safe.

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8 May 2019 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 9 May BT GroupFull Year ResultsBarratt DevelopmentsTrading Insurance Morrison 10

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3 May 2019 09:53

London Southend Airport-Owner Stobart Raises GBP53 Million Via Bonds (ALLISS)

LONDON (Alliance News) - Stobart Group Ltd said Friday it will raise GBP53.1 million through the issue of five-year secured guaranteed exchangeable bonds by subsidiary Stobart Finance aviation, be

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