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Pin to quick picksSirius Minerals Share News (SXX)

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

Thu, 09th May 2019 15:11

(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.The challenger bank is the most shorted stock on the London market, with Reuters having reported last week that business customers had withdrawn deposits as investors appear to be betting that a slump sparked by an accounting error revealed in February will continue.William Hill and GVC Holdings were both trading lower after a new study in the British Medical Journal suggested there should be a mandatory tax on the gambling industry to treat addiction in the UK.The former also saw analysts at Goldman Sachs reiterate its 'neutral' rating, arguing that the rising regulatory burden on the industry may be here to stay."Moreover, with growing focus on ESG [environmental, social and governance] integration, we think online gaming companies' multiple could remain depressed, even if growth opportunities arise, unless they are able to more clearly demonstrate to investors that they are actively engaging with key ESG issues facing the sector," said analysts.Precious metals miner Polymetal and building materials manufacturer Ibstock both dropped lower as their stock went ex-dividend.Shares in engineer IMI fell after it said trading conditions in the first quarter remained mixed, but results for the year are expected to be in line with current market expectations.At the other end of the pitch, Sirius Minerals led the risers a day after analysts at Berenberg cut the stock's price target from 40p to 35p and warned that shareholders may face some dilution in the short term, but reiterated a 'buy' rating and stated that they remain positive on the fertiliser developer's longer-term credentials.Precious metals miner Acacia Mining also climbed after it reported a jump in April gold production, boosted by a 54% increase in output from its North Mara gold mine in Tanzania.Indivior, which makes opioid addiction treatment Suboxone, was on the rise after it entered into an exclusive license agreement with specialty pharmaceutical company HLS Therapeutics for the commercialisation rights to schizophrenia drug Perseris (risperidone) in Canada.Derwent London enjoyed a boost after it said demand for its properties was strong as rental income at the real estate investment trust increased.Finally, JD Wetherspoon recovered some ground from its Wednesday drop when it suffered after failing to upgrade earnings guidance amid increased costs, as Berenberg analysts defended the stock and said it had "the potential to convert its impressive top-line momentum into solid growth in earnings and free cash flow over the coming years".Market MoversFTSE 250 (MCX) 19,318.44 -1.09%FTSE 250 - RisersSirius Minerals (SXX) 17.36p 7.73%Acacia Mining (ACA) 150.10p 3.09%Indivior (INDV) 42.28p 2.75%Funding Circle Holdings (FCH) 232.00p 1.75%Avast (AVST) 313.20p 1.69%Derwent London (DLN) 3,242.00p 1.38%Hammerson (HMSO) 295.50p 1.30%Plus500 Ltd (DI) (PLUS) 556.60p 1.27%Wetherspoon (J.D.) (JDW) 1,301.00p 1.17%McCarthy & Stone (MCS) 134.50p 1.13%FTSE 250 - FallersMetro Bank (MTRO) 536.68p -9.04%William Hill (WMH) 140.90p -5.85%Aston Martin Lagonda Global Holdings (AML) 840.20p -5.52%Premier Oil (PMO) 86.30p -5.16%Polymetal International (POLY) 775.60p -4.72%IMI (IMI) 969.60p -4.38%Contour Global (GLO) 197.20p -3.80%Kaz Minerals (KAZ) 575.00p -3.72%Ibstock (IBST) 250.00p -3.70%GVC Holdings (GVC) 595.00p -3.66%
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4 Mar 2020 17:03

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4 Mar 2020 10:44

UK WINNERS & LOSERS SUMMARY: Sirius Rises As Takeover Gets Green Light

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4 Mar 2020 08:47

LONDON MARKET OPEN: FTSE Gains In Mixed European Open After Fed Cut

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4 Mar 2020 08:19

Sirius shares jump 17% as shareholders back Anglo bid

March 4 (Reuters) - Shares in Sirius Minerals gained 17% on Wednesday after majority of its shareholders voted in favour of Anglo American's 405 million pound ($518.04 million) bid to buy the fertilizer company.The favourable results come despite ...

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4 Mar 2020 08:10

LONDON BRIEFING: Anglo America Takeover Of Sirius Minerals Approved

LONDON BRIEFING: Anglo America Takeover Of Sirius Minerals Approved

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4 Mar 2020 05:48

Jobs Secured As Anglo American Rescue Deal Agreed For Sirius Minerals

Jobs Secured As Anglo American Rescue Deal Agreed For Sirius Minerals

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3 Mar 2020 20:57

Sirius shareholders accept Anglo American takeover deal

(Sharecast News) - Sirius Minerals said on Tuesday that its shareholders have voted in favour of Anglo American's ?405m takeover, safeguarding its North Yorkshire polyhalite project.

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25 Feb 2020 16:03

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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25 Feb 2020 13:10

Odey increases its stake in Sirius Minerals

(Sharecast News) - Odey Asset Management has increased its stake in Sirius Minerals as the hedge fund prepares to vote against Anglo American's £405m rescue bid for the potash miner.

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24 Feb 2020 07:55

Anglo American's Sirius Takeover Clears Brazilian Regulatory Hurdle

Anglo American's Sirius Takeover Clears Brazilian Regulatory Hurdle

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21 Feb 2020 09:02

Odey steps up push for improved Sirius offer

(Sharecast News) - Odey Asset Management has reinforced its push for Anglo American to bid more for Sirius Minerals by converting its derivative position in Sirius into shares.

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20 Feb 2020 08:01

TOP NEWS: Production Mixed But Anglo American's 2019 Earnings Climb

TOP NEWS: Production Mixed But Anglo American's 2019 Earnings Climb

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20 Feb 2020 07:33

UPDATE 3-Anglo American boosted by strong precious metals prices

* Dividends for 2019 total $1.09 per share* Water shortages hurt output in Chile* Coronavirus could hurt short term diamond demand- CEO (Updates with detail, graphic, iron ore impact, diamond market)By Zandi ShabalalaJOHANNESBURG, Feb 20 (Reuters) -...

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