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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bank is the most shorted stock on the London market, with Reuters having reported last week that business customers had withdrawn deposits as investors appear to be betting that a slump sparked by an accounting error revealed in February will continue.William Hill and GVC Holdings were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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20 Feb 2020 07:33

REFILE-UPDATE 3-Anglo American boosted by strong precious metals prices

(Refiles to remove typo in first paragraph)* Dividends for 2019 total $1.09 per share* Water shortages hurt output in Chile* Coronavirus could hurt short term diamond demand- CEOBy Zandi ShabalalaJOHANNESBURG, Feb 20 (Reuters) - Surging prices for ir...

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20 Feb 2020 07:33

UPDATE 2-Anglo American boosted by strong precious metals prices

* Dividends for 2019 total $1.09 per share* Water shortages hurt output* Coronavirus could hurt short term diamond demand- CEO (Adds detail, quotes, shares)By Zandi ShabalalaJOHANNESBURG, Feb 20 (Reuters) - Global miner Anglo American's on Thursday...

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19 Feb 2020 13:34

Sirius Minerals Investor Odey Seeks Higher Bid From Anglo American

Sirius Minerals Investor Odey Seeks Higher Bid From Anglo American

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19 Feb 2020 11:32

Sirius Minerals says board unanimous in backing Anglo offer

LONDON, Feb 19 (Reuters) - Sirius Minerals said on Wednesday its board was unanimous in recommending shareholders vote for Anglo American's bid to acquire its fertiliser project in northern England and if the deal failed there was a high risk the...

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19 Feb 2020 08:41

Odey criticises Anglo American's offer for Sirius

(Sharecast News) - Odey Asset Management has criticised Anglo American's rescue offer for Sirius Minerals, accusing the FTSE 100 miner of trying to pick up the company for less than its value.

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19 Feb 2020 08:11

UPDATE 3-Hedge fund Odey to vote against Anglo's 'unfair' 405 mln stg Sirius bid

* Current Anglo offer 'makes a mockery' of valuation, Odey says* Hedge fund will vote in favour at 7 pence per share or above* Sirius Minerals rises around 1%* Anglo has no comment, Sirius has no immediate comment (Adds Sirius comment)By Abhinav R...

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19 Feb 2020 08:11

UPDATE 1-Hedge fund Odey urges Anglo American to raise bid for Sirius Minerals

* Current Anglo offer 'makes a mockery' of valuation, Odey says* Hedge fund will vote in favour at 7 pence per share or above* Sirus Minerals stock closed Tuesday at 5.1 pence (Adds background, quotes)By Abhinav RamnarayanLONDON, Feb 19 (Reuters) ...

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19 Feb 2020 08:11

UPDATE 2-Hedge fund Odey says will vote against Anglo's 'unfair' bid for Sirius Minerals

* Current Anglo offer 'makes a mockery' of valuation, Odey says* Hedge fund will vote in favour at 7 pence per share or above* Sirus Minerals rises around 1%* Anglo has no comment, Sirius has no immediate comment (Adds no comment from Anglo, conte...

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19 Feb 2020 07:28

Odey to vote in favour of Anglo American bid for Sirius at 7 pence per share

LONDON, Feb 19 (Reuters) - Odey Asset Management will vote in favour of any bid for Sirius Minerals from Anglo American at 7 pence per share or above, the London-based investment firm said in a statement on Wednesday.The firm added, however, that ...

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14 Feb 2020 13:05

Sirius Minerals Recommends Anglo American Offer As Alternative Dropped

Sirius Minerals Recommends Anglo American Offer As Alternative Dropped

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20 Jan 2020 12:01

REPEAT: LONDON MARKET MIDDAY: US Holiday Damps Trade; BAE Outperforms

REPEAT: LONDON MARKET MIDDAY: US Holiday Damps Trade; BAE Outperforms

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20 Jan 2020 11:54

LONDON MARKET MIDDAY: US Holiday Damps Trade; BAE Outperforms On Buys

LONDON MARKET MIDDAY: US Holiday Damps Trade; BAE Outperforms On Buys

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20 Jan 2020 09:03

LIVE MARKETS-Opening snapshot: Holding the line

* STOXX 600 down 0.2%* Wall Street closed for MLK day* Fevertree falls after Xmas trading update Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. ...

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20 Jan 2020 08:47

LONDON MARKET OPEN: BAE Rises On US Buys; Fevertree Sinks On UK Sales

LONDON MARKET OPEN: BAE Rises On US Buys; Fevertree Sinks On UK Sales

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20 Jan 2020 08:10

TOP NEWS: Anglo American To Acquire Sirius Minerals For GBP405 Million

TOP NEWS: Anglo American To Acquire Sirius Minerals For GBP405 Million

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