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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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19 Jul 2019 13:16

Sirius Minerals Moves Onto Next Part Of Woodsmith Mine's Funding Round

(Alliance News) - Sirius Minerals PLC is to offer USD500 million in secured notes as part of its stage two financing for the Woodsmith polyhalite mine in Yorkshire.The USD500 million senior

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2 Jul 2019 08:44

Sirius Minerals On Plan To Complete Major Finance By September's End

(Alliance News) - FTSE 250-listed Sirius Minerals PLC is on track to complete stage two financing by the end of September, it said, with other work progressing well.Sirius, which is the in

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12 Jun 2019 08:39

LONDON MARKET OPEN: Reckitt, BAT And Auto Trader Put Pressure On FTSE

(Alliance News) - The FTSE 100 pulled back from a recent string of wins on Wednesday, with Reckitt Benckiser, British American Tobacco and Auto weighing a

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12 Jun 2019 07:43

LONDON MARKET PRE-OPEN: PepsiCo Exec New Reckitt CEO; Saga Boss To Go

(Alliance News) - The FTSE 100 index's recent winning streak is seen coming to a halt on Wednesday following soft trade in New York and Asia overnight.In early UK company news, Nurofen Reckitt

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12 Jun 2019 07:38

Sirius Minerals secures supply deal with Indian farms co-op

(Sharecast News) - Sirius Minerals has signed a take-or-pay supply agreement with Indian Farmers Fertilisers Cooperative (IFFCO) for the supply of its fertiliser product, POLY4.

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6 Jun 2019 16:11

UK Shareholder Meetings Calendar - Next 7 Days

Friday 7 JuneMarloweFerrexpoCircassia PharmaceuticalsMonday 10 Out 11 Health

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3 Jun 2019 08:19

Sirius Minerals Issues Shares For USD107 Million In Bond Conversions (ALLISS)

LONDON (Alliance News) - Sirius Minerals PLC on Monday said it issued 17.2 million shares in response to bond conversion notices.The FTSE 250 fertilizer mine development company said it in

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21 May 2019 09:24

Sirius Minerals "Encouraged" By Oversubscribed Open Offer (ALLISS)

LONDON (Alliance News) - Every share offered in an open offer by Sirius Minerals PLC as part of stage two financing has been taken up, the fertilizer mine developer said Tuesday.Sirius at a

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9 May 2019 15:11

FTSE 250 movers: Metro Bank in the doghouse, Sirius Minerals soars

(Sharecast News) - London's FTSE 250 index was edged 1.09% lower to 19,318.44 in afternoon trade on Thursday, with Metro Bank once again coming in as the top faller.

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8 May 2019 15:18

Berenberg lowers target on Sirius Minerals, but believes financing package will succeed

(Sharecast News) - Berenberg lowered its target for Sirius Minerals's share price from 40p to 35p after incorporating the structure of the potash miner's long-awaited stage two financing for its Woodsmith polyhalite mine into its valuation model.

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8 May 2019 14:59

FTSE 250 movers: Metro Bank stumbles, Sirius Minerals soars

(Sharecast News) - London's FTSE 250 index was edged 0.04% lower to 19,481.51 in afternoon trade on Wednesday, with Metro Bank coming in as the top faller.

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8 May 2019 12:16

Wednesday broker round-up

(Sharecast News) - Sainsbury: BofA Merrill Lynch downgrades to neutral with a target price of 235p

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1 May 2019 17:05

LONDON MARKET CLOSE: Stocks Mixed Ahead Of US Interest Rate Decision

LONDON (Alliance News) - Stocks in London ended mixed on Wednesday as investors took a cautious stance ahead of the Federal Reserve's monetary policy announcement at 1900 BST.The FTSE 100 down

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1 May 2019 11:56

LONDON MARKET MIDDAY: Stocks Falter Ahead Of Latest US Fed Decision

LONDON (Alliance News) - Despite a strong start, London stocks had slipped into the red by midday on Wednesday ahead of the latest interest rate decision by the US Federal Reserve. The FTSE 100 or

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1 May 2019 10:53

WINNERS & LOSERS SUMMARY: Sirius Minerals Down After Fundraising

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

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