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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 May 2019 08:36

Sirius Minerals raises $425m for polyhalite mine project

(Sharecast News) - Sirius Minerals on Wednesday confirmed that it has successfully raised $425m to finance the next stage of development of its Woodsmith polyhalite mine in North Yorkshire.

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1 May 2019 08:35

LONDON MARKET OPEN: Sainsbury's Helps FTSE Start Strongly Ahead Of Fed

LONDON (Alliance News) - London stocks started May on a bright note, with sentiment boosted on Wednesday by strong earnings from Apple overnight and the latest round of US-China trade to lift the

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1 May 2019 08:11

TOP NEWS: Sirius Minerals Beats Fundraise Target But At Steep Discount (ALLISS)

LONDON (Alliance News) - Sirius Minerals PLC has raised more than originally envisaged, the miner said on Wednesday, though shares were offered at a sharp discount.Sirius on Tuesday a to in

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30 Apr 2019 16:53

LONDON MARKET CLOSE: Disappointing China Data Sees Miners Hinder FTSE

LONDON (Alliance News) - Weak manufacturing data from China overnight hit London-listed miners on Tuesday, causing the FTSE 100 to tumble. The FTSE 100 index closed down 22.44 points, or 0.3%, at

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30 Apr 2019 12:02

LONDON MARKET MIDDAY: FTSE Struggles Despite Cheer For StanChart, BP

LONDON (Alliance News) - European markets suffered on Tuesday from poor manufacturing data in China and weak tech earnings in the US, while London's leading index also was dragged by selling a

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30 Apr 2019 10:42

WINNERS & LOSERS SUMMARY: Standard Chartered Rises On Buyback Plans

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

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30 Apr 2019 08:47

TOP NEWS: Sirius Minerals Unveils Next Stage Of Funding For Woodsmith

LONDON (Alliance News) - Sirius Minerals PLC on Tuesday announced a major new financing package worth USD3.8 billion for the development of the Woodsmith mine in Yorkshire.Shares were 18% a

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30 Apr 2019 08:11

Sirius Minerals shares crash after announcing heavily-discounted $3.8bn cash call

(Sharecast News) - Sirius Minerals narrowed total losses in its last trading year as a result of a fair value re-measurement of derivatives associated with its convertible loans.

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30 Apr 2019 06:49

PRESS: Sirius Minerals Set To Unveil Major Financing Package (ALLISS)

LONDON (Alliance News) - Fertiliser firm Sirius Minerals PLC is to launch a GBP2.7 billion fundraise on Tuesday via both equity and debt, Sky News reported late Monday.Sirius, which is the

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25 Apr 2019 12:00

LONDON MARKET MIDDAY: Scuppered Sainsbury-Asda Deal Knocks FTSE 100

LONDON (Alliance News) - The FTSE 100 continued to trade lower at midday on Thursday, bogged down by J Sainsbury's hopes of merging with Asda being dashed and housebuilder on

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25 Apr 2019 10:38

WINNERS & LOSERS SUMMARY: Sainsbury's Drops After Asda Merger Blocked

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 0.3%. The information and analytics it -

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25 Apr 2019 08:36

LONDON MARKET OPEN: Sainsbury's Leads Fallers As Asda Merger Thwarted

LONDON (Alliance News) - The FTSE 100 started Thursday's session in the red, dragged down by losses for J Sainsbury, Taylor Wimpey, Barclays

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25 Apr 2019 08:25

Sirius Minerals Inks Another Fertiliser Supply Deal For Woodsmith

LONDON (Alliance News) - Fertiliser firm Sirius Minerals PLC has signed a new supply agreement for future production from its Woodsmith mine in Yorkshire, UK.The ten-year deal has been with

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25 Apr 2019 08:23

Sirius Minerals inks Europe distribution deal with BayWa conglomerate

(Sharecast News) - Sirius Minerals has entered into an exclusive 10-year supply and distribution agreement with European agribusiness group BayWa Agri Supply & Trade (BAST) - a wholly-owned subsidiary of BayWa - for the distribution of POLY4 into Europe, it announced on Thursday.

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25 Apr 2019 07:41

LONDON MARKET PRE-OPEN: Sainsbury-Asda Deal Blocked; RBS CEO To Leave

LONDON (Alliance News) - Stocks in London are set to open slightly higher on Thursday following strong results from US tech giants overnight and a flurry of significant UK company news.The UK the

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