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FTSE 250 movers: Housebuilders crumble, Sirius soars

Tue, 09th Apr 2019 14:56

(Sharecast News) - London's FTSE 250 index was 0.34% lower at 19,449.99 in afternoon trade on Tuesday, as housebuilders and construction outfits pulled the index lower amid continued Brexit confusion.Galliford Try, McCarthy & Stone, Crest Nicholson and Bovis Homes were all lower, alongside construction company Kier Group, company as the Brexit uncertainty rumbles on, with Theresa May bustling around Europe in an attempt to secure an extension and avoid a no-deal Brexit.Stagecoach also dropped as HSBC analysts cut the stock's price target from 165p to 135p, arguing that the transport operator is now "unduly dependent" on the UK and winning rail business."For now, Stagecoach is left looking to UK Bus for any growth, having not found sufficiently attractive international growth opportunities outside North America. But growth in UK Bus will be hard to come by. The big cuts to earnings forecasts now seem, thankfully, to be a thing of the past, but fuel headwinds are turning and SGC will have to run hard to stand still. Growth is being driven by pricing, which management thinks it can still push further," said analysts.At the other end of the pitch, Sirius Minerals soared as its funding deadline approached. The company is aiming to tie up the next round of funding for its $3bn potash project in North Yorkshire by the end of April.Restaurant Group climbed after Citigroup upgraded it from 'sell' to 'neutral' as analysts argued that further downsides should be limited after the fallout from its Wagamama acquisition and the departure of its chief executive.Finally, Sports Direct climbed despite the fact that Debenhams called in administrators after refusing to accept a last-minute lifeline from the sportswear retailer's owner, .Neil Wilson, chief market analyst at Markets.com, said: "Takeover rules mean Mike Ashley and Sports Direct have until 22 April to make a bid, but it does rather seem the die is cast as the board is set to file for administration today. The entire saga has been rather acrimonious and it does look like the Debs board was never going to accept any proposal from Ashley, whatever he was prepared to do for the company."Market MoversFTSE 250 (MCX) 19,449.99 -0.34%FTSE 250 - RisersSirius Minerals (SXX) 24.44p 10.69%Amigo Holdings (AMGO) 232.00p 5.22%Bakkavor Group (BAKK) 135.40p 4.80%Morgan Advanced Materials (MGAM) 266.20p 3.74%Contour Global (GLO) 199.80p 3.20%IntegraFin Holding (IHP) 364.00p 2.71%Restaurant Group (RTN) 114.80p 2.59%Sports Direct International (SPD) 288.20p 2.56%Provident Financial (PFG) 521.80p 2.43%GVC Holdings (GVC) 594.00p 2.13%FTSE 250 - FallersKier Group (KIE) 322.14p -5.48%888 Holdings (888) 155.70p -3.89%Galliford Try (GFRD) 675.35p -3.38%McCarthy & Stone (MCS) 125.60p -3.09%Stagecoach Group (SGC) 133.20p -2.92%Crest Nicholson Holdings (CRST) 373.20p -2.86%Mitchells & Butlers (MAB) 264.76p -2.84%Premier Oil (PMO) 99.77p -2.76%Bovis Homes Group (BVS) 1,075.00p -2.18%Ted Baker (TED) 1,479.00p -2.18%
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17 Sep 2018 17:05

LONDON MARKET CLOSE: Stocks Lower Over US-China Trade Jitters

LONDON (Alliance News) - Shares in London closed marginally down Monday as fears over US-China trade relations increase, with the US set to reportedly unveil further tariffs.The FTSE 100 index at

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17 Sep 2018 12:06

LONDON MARKET MIDDAY: US Tariff Ramp-Up Worries, Keeps Stocks Lower

LONDON (Alliance News) - London stocks continued to slide at midday on Monday as concerns over the latest round of US tariffs on China weighed on markets."Unfortunately for market bulls, the has

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17 Sep 2018 10:37

WINNERS & LOSERS SUMMARY: Clontarf Shares Surge On Tano 2A Resolution

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 1.0%. The Financial Times reported the chief

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17 Sep 2018 08:15

Sirius Minerals inks supply and investment deal with Cibra Group

(Sharecast News) - Sirius Minerals announced the signing of a take-or-pay supply agreement between its wholly-owned subsidiary York Potash, OFD Supply and Cibrafertil Companhia Brasileira de Fertilizantes - the Cibra Group - for the supply and resale of POLY4 into Brazil and certain other countries in South America.

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14 Sep 2018 08:36

Sirius Minerals Agrees USD250 Million Drawdown Of Hancock Royalty Deed

LONDON (Alliance News) - Sirius Minerals PLC on Friday said it has agreed a drawdown of USD250 million relating to its royalty agreement with Hancock British Holdings Ltd.The mining company

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14 Sep 2018 08:34

LONDON MARKET OPEN: Stocks Higher; Investec Climbs On Demerger Plans

LONDON (Alliance News) - Stocks were higher in London early on Friday, with Investec's stock surging as it announced plans to demerge and publicly list its Asset Management arm.

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14 Sep 2018 07:43

Sirius Minerals secures royalty deal with Hancock

(Sharecast News) - Sirius Minerals said on Friday that it has secured a new $250m funding deal that should give it sufficient funding to the second quarter of 2019.

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14 Sep 2018 07:41

LONDON MARKET PRE-OPEN: Wetherspoon's Warns On Headwinds, Profit Grows

LONDON (Alliance News) - Stock prices in London are called for a higher open on Friday, with markets in Europe set to follow peers in the US and Asia in making gains. In UK company news, pub chain on

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6 Sep 2018 17:07

LONDON MARKET CLOSE: FTSE Ends Down As Trump's Tariff Decision Awaited

LONDON (Alliance News) - Stocks in London ended lower on Thursday as investors wait to see if US President Donald Trump carries through on a plan to slap further duties on China."All in all been

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6 Sep 2018 11:58

LONDON MARKET MIDDAY: US Trade Developments Monitored; Centrica Gains

LONDON (Alliance News) - Trade was cautious on Thursday with the FTSE 100 dipping in and out of the red as investors continue to monitor US trade developments.Delegations from the US and Canada trade

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6 Sep 2018 10:42

WINNERS & LOSERS SUMMARY: Go-Ahead Surges As Annual Profit Rises

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Melrose up a

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6 Sep 2018 08:47

Sirius Minerals tanks after upping capital requirements by $400-600m

(Sharecast News) - Sirius Minerals has been forced to increase and delay its funding requirements after inking two major construction contracts for the construction of the mineral transport system and materials handling facility at its mine development programme in Yorkshire.

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8 Aug 2018 12:36

Wednesday broker round-up

(Sharecast News) - Spire Healthcare Group: Berenberg downgrades to sell with a target price of 120p.

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31 Jul 2018 09:44

Sirius Minerals expands relationship with Archer Daniels Midland

(Sharecast News) - Fertilizer development company Sirius Minerals on Tuesday expanded its relationship with US-based agri-business Archer Daniels Midland.

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31 Jul 2018 08:53

Sirius Minerals Inks Another Supply Agreement For Woodsmith Fertiliser

LONDON (Alliance News) - Fertiliser company Sirius Minerals PLC said Tuesday it has signed an off-take agreement with North American firm Archer Daniels Midland Co for its POLY4 Daniels, Sirius is

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