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FTSE 250 movers: Just Group slides, Entertainment One surges

Thu, 06th Jun 2019 15:02

(Sharecast News) - London's FTSE 250 was flat in afternoon trade on Thursday, inching just 0.01% lower to 19,139.81, with specialist retirement services provider Just Group leading the index's fallers.Meanwhile, Woodford Patient Capital Trust - run by Neil Woodford - was among the most prominent fallers for a third straight session after it emerged on Tuesday that the firm's flagship Equity Income Fund had been suspended after "an increased level of redemptions".Andy Parsons, head of investments at The Share Centre, said: "Despite being only a few days into the 28 day suspension, attention and focus is already turning to exactly when it will be lifted, but more importantly investor reaction and activity when the fund reopens. At present, there is wide spread speculation that when the suspension comes to an end the Fund will be subject to a continual wave of redemptions, as investors rush for the exit."At the other end of the pitch, Peppa Pig producer Entertainment One surged as it denied speculation that Mark Gordon was leaving his role as president and chief content officer, stating that "Gordon continues to be a part of the eOne team both now and into the future".Go-Ahead rallied as it said revenue in all three of its divisions grew in the period from 30 December 2018 to 5 June 2019.Russ Mould, investment director at AJ Bell, said: "Public transport operators are rarely in people's good books as travellers moan about delays and cancellations. Investors in these stocks have also suffered from a host of problems around rail franchises and volatile earnings growth. It is therefore a pleasant surprise to see Go-Ahead issue a very bullish trading update with revenue growth in all three of its business divisions."Mitchells & Butlers fizzed higher after an upgrade to 'buy' by Berenberg, with analysts stating that the pub company's trading momentum is improving materially and the stock is "too cheap" for a company with significant freehold backing and a balance sheet which has been significantly de-risked.Online gambling company 888 Holdings was higher after Numis upgraded the stock from 'hold' to 'add', while infrastructure outfit Stobart was lifted by an initiation at 'buy' out of Jefferies.Market MoversFTSE 250 (MCX) 19,069.53 -0.01%FTSE 250 - RisersEntertainment One Limited (ETO) 417.60p 19.31%Go-Ahead Group (GOG) 2,056.00p 9.19%Mitchells & Butlers (MAB) 289.50p 3.21%Playtech (PTEC) 418.30p 3.16%888 Holdings (888) 154.50p 3.00%Ted Baker (TED) 1,375.00p 2.84%Stobart Group Ltd. (STOB) 105.00p 2.74%Centamin (DI) (CEY) 101.00p 2.73%Stagecoach Group (SGC) 131.00p 2.58%Fisher (James) & Sons (FSJ) 2,043.46p 2.17%FTSE 250 - FallersJust Group (JUST) 44.48p -9.15%Kier Group (KIE) 145.20p -5.59%NewRiver REIT (NRR) 194.40p -4.94%Funding Circle Holdings (FCH) 239.00p -4.40%TBC Bank Group (TBCG) 1,492.00p -4.36%IP Group (IPO) 74.70p -4.35%Woodford Patient Capital Trust (WPCT) 63.42p -4.05%Intu Properties (INTU) 85.48p -3.74%Plus500 Ltd (DI) (PLUS) 606.40p -3.41%Countryside Properties (CSP) 291.80p -3.25%
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14 Jan 2020 18:03

Britain strikes deal to save regional airline Flybe

LONDON, Jan 14 (Reuters) - Flybe shareholders have struck a deal with the British government to keep the regional airline operating, business minister Andrea Leadsom said on Tuesday."Delighted that we have reached agreement with Flybe’s shareholde...

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14 Jan 2020 10:59

Government Working Very Hard On Flybe Rescue – UK PM Johnson

Government Working Very Hard On Flybe Rescue – UK PM Johnson

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14 Jan 2020 08:00

RPT-UPDATE 4-Britain reaches deal to save regional airline Flybe

* Business minister says deal reached with Flybe shareholders* Officials meet to discuss possible cut to domestic flight tax* Flybe operating as normal (Repeats to add Reuters instrument code; no change to text)By Sarah Young and Alistair SmoutLON...

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14 Jan 2020 08:00

UPDATE 4-Britain reaches deal to save regional airline Flybe

* Business minister says deal reached with Flybe shareholders* Officials meet to discuss possible cut to domestic flight tax* Flybe operating as normal (Recasts on deal confirmation)By Sarah Young and Alistair SmoutLONDON, Jan 14 (Reuters) - Regio...

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14 Jan 2020 08:00

UPDATE 5-Britain reaches deal to rescue regional airline Flybe

* Flybe shareholders put more money into company* Government promises reviews of flight tax and regions* Green campaigners oppose cuts to air passenger duty (Writes through, adds detail and quotes)By Sarah Young and Alistair SmoutLONDON, Jan 14 (Reu...

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14 Jan 2020 08:00

UPDATE 3-UK's Johnson says Flybe important for transport links amid rescue talks

* PM says government working hard to do what it can* Officials meet to discuss possible domestic flight tax cut* Flybe flights operating as normal (Adds junior minister, Greenpeace comments)By Sarah YoungLONDON, Jan 14 (Reuters) - Stricken regional ...

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14 Jan 2020 08:00

UPDATE 1-UK to consider tax cut on domestic flights to help Flybe -BBC

(Adds detail, background)LONDON, Jan 14 (Reuters) - Britain could cut air passenger taxes on all domestic flights to help rescue struggling regional airline Flybe, the BBC reported on Tuesday.Finance minister Sajid Javid will meet later with repre...

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14 Jan 2020 08:00

UPDATE 2-UK's Johnson says Flybe important for transport links ahead of crunch meeting

* PM says government working hard to do what it can* Officials to meet later on possible domestic flight tax cut* Flybe flights operating as normal for now (Recasts with PM comments)By Sarah YoungLONDON, Jan 14 (Reuters) - Stricken regional airline...

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13 Jan 2020 16:56

LONDON MARKET CLOSE: FTSE Outperforms As Pound Dips After UK GDP Data

LONDON MARKET CLOSE: FTSE Outperforms As Pound Dips After UK GDP Data

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13 Jan 2020 11:55

LONDON MARKET MIDDAY: FTSE Pushes Higher As Pound Slips After GDP Data

LONDON MARKET MIDDAY: FTSE Pushes Higher As Pound Slips After GDP Data

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13 Jan 2020 11:19

UPDATE 1-British regional airline Flybe in financing talks to survive -media

(Adds detail, background)LONDON, Jan 13 (Reuters) - Flybe, the regional British airline, is fighting for survival and the British government is being called upon to help prevent a second airline failure in less than six months, according to media ...

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13 Jan 2020 07:36

UK regional airline Flybe in financing talks to survive -Sky News

LONDON, Jan 13 (Reuters) - Flybe, a regional British airline, is in talks to secure new financing to help it survive reported Sky News.When asked about the report, Flybe said it didn't comment on rumour or speculation, while the UK government's De...

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13 Jan 2020 06:45

PRESS: Flybe In Financial Rescue Talks Amid Risk Of Collapse - Sky

PRESS: Flybe In Financial Rescue Talks Amid Risk Of Collapse - Sky

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6 Dec 2019 13:15

UPDATE 3-Eddie Stobart gets lifeline as shareholders back rescue deal

* Investors "overwhelmingly" approve DBAY deal* Wincanton had earlier ended plans to buy co* DBAY deal will bring 75 mln stg of liquidity* Co also had funding offer from Andrew Tinkler (Adds percentage of votes from meeting)By Yadarisa Shabong and N...

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6 Dec 2019 13:15

UPDATE 2-Eddie Stobart gets lifeline as shareholders back rescue deal

* Investors "overwhelmingly" approve DBAY deal* Wincanton had earlier ended plans to buy co* DBAY deal will bring 75 mln stg of liquidity* Co also had funding offer from Andrew Tinkler (Adds DBAY statement, debt, details)By Yadarisa Shabong and Noor...

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