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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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1 Oct 2019 14:06

Tuesday broker round-up

(Sharecast News) - Carnival: Barclays downgrades to equal weight with a target price of 3,800p.

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1 Oct 2019 11:32

Berenberg slashes target price on Sirius Minerals as funding woes continue

(Sharecast News) - Analysts at Berenberg slashed their price target on fertilizer development company Sirius Minerals from 17p all the way down to 4p on Tuesday, citing increased uncertainties regarding the firm's finances.

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30 Sep 2019 13:16

FTSE 250 movers: Finablr falls, Sirius recovers

(Sharecast News) - London's FTSE 250 was 0.18% lower at 19,934.32 in afternoon trade on Monday, driven lower by payments and foreign exchange solutions provider Finablr.

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30 Sep 2019 09:27

UPDATE 1-UK shares little changed, corporate action muted

* FTSE 100, FTSE 250 about flat* Trade tensions, Brexit uncertainty curb risk sentiment* GSK rises after ovarian cancer study results* Metro Bank jumps on report Elliott considering taking stake (Adds news items, analyst comment, updates share pric...

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27 Sep 2019 14:06

FTSE 250 movers: SSP climbs, Sirius slides

(Sharecast News) - London's FTSE 250 was up 0.51% at 19,919.54 in afternoon trade on Friday, as SSP Group led the index higher.

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18 Sep 2019 13:19

Liberum slashes Sirius Minerals price target after miner pulls bond sale

(Sharecast News) - Broker Liberum slashed its price target on buy-rated Sirius Minerals to 9p from 40p on Wednesday a day after the company pulled a $500m bond sale that was crucial to unlocking a $2.5bn credit facility from JPMorgan needed to finance its potash mine in Yorkshire.

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18 Sep 2019 12:05

LONDON MARKET MIDDAY: Stocks Nudge Up As US Fed Rate Decision Awaited

(Alliance News) - Stocks in London were seeing tepid buying interest at midday on Wednesday ahead of the US Federal Reserve's latest interest-rate decision after the UK market close.The

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18 Sep 2019 10:50

WINNERS & LOSERS SUMMARY: Pendragon Skids As Skips Dividend

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

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18 Sep 2019 09:30

UPDATE 1-FTSE 100 lingers in the red ahead of Fed meeting

* FTSE 100 down 0.1%, FTSE 250 up 0.1%* Fed meeting conclusion eyed* Kingfisher falls after earnings report* Sirius Minerals steepest mid-cap faller (Adds company news items, analyst comments, updates share moves)By Muvija MSept 18 (Reuters) - Lond...

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18 Sep 2019 08:31

LONDON MARKET OPEN: FTSE 100 Gingerly Higher Ahead Of US Rate Decision

(Alliance News) - Stocks in London got off to a modestly higher start on Wednesday, with trade muted as markets are in wait-and-watch mode ahead of the US Federal Reserve's latest policy risk

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18 Sep 2019 08:21

FTSE 100 dips ahead of Fed meeting

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.2%, FTSE 250 down 0.2%* Industrials biggest drags* Sirius Minerals steepest mid-cap fallerSept 18 (Reuters) - London's main index opened lower on Wednesday as...

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17 Sep 2019 16:54

LONDON MARKET CLOSE: FTSE's Early Gains Evaporate As Oil Prices Ease

(Alliance News) - Despite some early gains, the FTSE 100 pulled back in the afternoon as oil pared some of its recent gains on anticipation that Saudi Arabia could recover its output faster than -

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17 Sep 2019 09:54

UPDATE 2-London's FTSE 100 ends on a flat note, Sirius Minerals plunges

* FTSE 100 flat, FTSE 250 down 0.1%* BP losses steam after Reuters' report* Sirius Minerals sinks to record low* Drop in banks countered by gains in consumer staples (Adds news items, analyst comment, updates to closing price)By Yadarisa ShabongSept...

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17 Sep 2019 09:20

UPDATE 4-Britain's biggest mining project in peril as Sirius bond aborted

* Company says 1,200 jobs at risk* Options include seeking strategic partner* Government says funding must offer taxpayers value* Company reports deeper first-half loss (Adds union reaction, updates share price)By Barbara Lewis and Noor Zainab Hussa...

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17 Sep 2019 09:20

UPDATE 3-Britain's biggest mining project in the balance as Sirius bond aborted

* Company says 1,200 jobs at risk* Options include seeking strategic partner* Government says funding help has to be based on taxpayer value* Company reports deeper first-half loss (Adds government comment, analyst, updates shares)By Barbara Lewis ...

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