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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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8 Jan 2020 07:40

LONDON MARKET PRE-OPEN: Anglo Bids For Sirius; Sainsbury Sales Down

LONDON MARKET PRE-OPEN: Anglo Bids For Sirius; Sainsbury Sales Down

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8 Jan 2020 07:34

Anglo American confirms possible ?386m offer for Sirius Minerals

(Sharecast News) - Anglo American confirmed it is in advanced discussions with Sirius Minerals in relation to a possible offer, it said on Wednesday, at a value of 5.5p per Sirius share, in cash.

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11 Nov 2019 11:52

LONDON MARKET MIDDAY: Hong Kong Violence Unsettles Global Markets

LONDON MARKET MIDDAY: Hong Kong Violence Unsettles Global Markets

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11 Nov 2019 10:22

UK WINNERS & LOSERS SUMMARY: Greggs Surges 17% After Raising Guidance

UK WINNERS & LOSERS SUMMARY: Greggs Surges 17% After Raising Guidance

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11 Nov 2019 09:26

UPDATE 2-Rising HK tensions, trade angst knock FTSE; domestic shares rally

* FTSE 100 down 0.4%, FTSE 250 up 0.3%* Stocks vulnerable to Asia dive on Hong Kong tensions* Trade sentiment uncertain* Baker Greggs jumps after forecast upgrade* Election update lifts pound, domestic stocks (Adds news items, analyst comments, upda...

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11 Nov 2019 09:26

UPDATE 1-Rising HK tensions drag Asia-exposed UK stocks

* FTSE 100 down 0.6%, FTSE 250 down 0.2%* Baker Greggs jumps after forecast upgrade* Stocks vulnerable to Asia sink on Hong Kong tensions (Adds company news items, analyst comment, updates share moves)By Muvija M and Shashwat AwasthiNov 11 (Reuters)...

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11 Nov 2019 08:43

LONDON MARKET OPEN: Stocks Lower But Sirius Minerals And Greggs Gain

LONDON MARKET OPEN: Stocks Lower But Sirius Minerals And Greggs Gain

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11 Nov 2019 08:39

Sirius Minerals outlines two-stage development plan for North Yorkshire mine

(Sharecast News) - Fertiliser development firm Sirius Minerals unveiled plans for the two-stage development of its North Yorkshire polyhalite mine on Monday, with the group looking to secure $600m funding for the project's first stage.

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11 Nov 2019 08:19

Sirius Minerals Shares Surge After New Mine Development Plan Proposed

Sirius Minerals Shares Surge After New Mine Development Plan Proposed

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11 Nov 2019 08:01

LONDON BRIEFING: Sirius Minerals Takes Mine In Stages Amid Tight Cash

LONDON BRIEFING: Sirius Minerals Takes Mine In Stages Amid Tight Cash

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11 Nov 2019 07:36

LONDON MARKET PRE-OPEN: Greggs Upgrades 2019 Guidance; UK GDP In Focus

LONDON MARKET PRE-OPEN: Greggs Upgrades 2019 Guidance; UK GDP In Focus

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11 Oct 2019 13:31

Sirius Expands Qatar Involvement With New Distribution Deal

Sirius Expands Qatar Involvement With New Distribution Deal

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8 Oct 2019 08:43

PRESS: Sirius Minerals CEO Says Online Chat Forums Should Be Shut Down

PRESS: Sirius Minerals CEO Says Online Chat Forums Should Be Shut Down

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7 Oct 2019 07:47

Sirius Minerals cuts 300 jobs, seeks alternate funding

(Sharecast News) - Sirius Minerals will cut 300 jobs at its Woodsmith mine in North Yorkshire as it looks to cut costs and identify alternative methods for funding construction.

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2 Oct 2019 11:52

Wednesday broker round-up

(Sharecast News) - RDI REIT: Berenberg upgrades to buy with a target price of 140p.

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