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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 2019 09:20

UPDATE 2-Britain's biggest mining project in the balance as Sirius bond aborted

* Company says 1,200 jobs at risk* Options include seeking strategic partner* Company reports deeper first-half loss (Adds reaction, CEO comment, context, JP Morgan no comment)By Barbara Lewis and Noor Zainab HussainLONDON, Sept 17 (Reuters) - Siriu...

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17 Sep 2019 09:20

UPDATE 1-Britain's biggest mining project in the balance as Sirius bond aborted

* Spoke to government in August to seek $1 bln funding* Shares collapse* Options include seeking strategic partner* Posts deepened H1 lossBy Barbara Lewis and Noor Zainab HussainLONDON, Sept 17 (Reuters) - Sirius Minerals scrapped a plan to raise $5...

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17 Sep 2019 08:39

LONDON MARKET OPEN: Sirius Minerals Sinks After Pulling Financing Plan

(Alliance News) - Stock prices in London opened lower on Tuesday as heavyweight oil majors absorbed losses in the FTSE 100, while Sirius Minerals weighed on the midcap index after putting plans a

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17 Sep 2019 08:33

FTSE 100 steadies after Saudi attacks; Sirius Minerals plummets

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1%, FTSE 250 drops 0.4%* Sirius Minerals sinks to record low* HSBC and Prudential weigh on the main indexSept 17 (Reuters) - London's FTSE 100 index inched hig...

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17 Sep 2019 08:33

CORRECTED-FTSE 100 steadies after Saudi attacks; Sirius Minerals plummets

(Corrects first bullet point to up not down)* FTSE 100 up 0.1%, FTSE 250 drops 0.4%* Sirius Minerals sinks to record low* HSBC and Prudential weigh on the main indexSept 17 (Reuters) - London's FTSE 100 index inched higher early on Tuesday as a sell...

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17 Sep 2019 07:26

TOP NEWS: Sirius Minerals In Strategic Review After Financing Failure

(Alliance News) - Sirius Minerals PLC is to carry out a strategic review after a failure to complete crucial debt funding for the Woodsmith fertiliser project, it said on Tuesday.Sirius its

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17 Sep 2019 07:08

Sirius Minerals pulls $500m bond issue due to 'poor market conditions'

(Sharecast News) - Sirius Minerals said it was pulling a $500m raising due to jittery bond markets and cutting the rate of development on the world's biggest potash project as the UK government also refused support.

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16 Aug 2019 10:03

Severfield Hires Experienced Construction Sector Executive Hardy

(Alliance News) - Structural steel firm Severfield PLC said on Friday that it has named Louise Hardy as a non-executive director, effective September 4.Hardy, an experienced non-executive a

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7 Aug 2019 12:02

LONDON MARKET MIDDAY: Sell-Off Pauses As Fresnillo, Flutter Lift FTSE

(Alliance News) - After a slow start to the session, the FTSE 100 perked up as Wednesday went on with the blue-chip index racking up some solid gains amid share price boosts from gold miner and in

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7 Aug 2019 10:56

WINNERS & LOSERS SUMMARY: Burford Slumps Amid "Short Attack" Report

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - up 4.2%. The Mexican gold miner gained as traders

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6 Aug 2019 16:54

LONDON MARKET CLOSE: Mood Starts To Improve But FTSE Continues Slide

(Alliance News) - While risk-on sentiment started to return on Tuesday following two consecutive sessions of dire losses, the FTSE 100 lagged behind global counterparts due to some small gains for

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6 Aug 2019 11:57

LONDON MARKET MIDDAY: Europe Rebounds After US And Asian Market Falls

(Alliance News) - Stocks in Europe were staging a slight recovery on Tuesday after the previous session's heavy losses, with trade war fears easing for now despite the US branding China a The

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6 Aug 2019 10:44

WINNERS & LOSERS SUMMARY: Sirius Minerals Sinks As It Pulls Note Issue

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - LOSERS----------InterContinental a

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6 Aug 2019 08:38

LONDON MARKET OPEN: Sirius Minerals Drops 30% But Other Mid-Caps Rise

(Alliance News) - Stocks were in the red early on Tuesday in London, with investors spooked by US criticism of alleged currency manipulation by China following increased US tariffs. Shares in as a

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6 Aug 2019 08:26

TOP NEWS: Sirius Minerals Withdraws USD500 Million Notes Offer

(Alliance News) - Sirius Minerals PLC said on Tuesday it has "suspended" a USD500.0 million secured notes offering due to "current market conditions".Shares in the were

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