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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bank is the most shorted stock on the London market, with Reuters having reported last week that business customers had withdrawn deposits as investors appear to be betting that a slump sparked by an accounting error revealed in February will continue.William Hill and GVC Holdings were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 Jan 2020 07:56

LIVE MARKETS-On the radar: Intu and Fevertree under pressure

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. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@...

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20 Jan 2020 07:41

LONDON MARKET PRE-OPEN: Anglo Makes Formal Offer For Sirius Minerals

LONDON MARKET PRE-OPEN: Anglo Makes Formal Offer For Sirius Minerals

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20 Jan 2020 07:41

Anglo American to buy Sirius Minerals in ?404.9m deal

(Sharecast News) - Anglo American has agreed to buy Sirius Minerals for 5.5p a share in cash, in a deal that values the fertiliser maker at £404.9m.

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14 Jan 2020 17:17

Anglo American likely to confirm deal to buy Sirius ahead of deadline - sources

* Offer likely to be confirmed in coming days - sources* Anglo and Sirius in talks for 9 months - sources* Anglo unlikely to increase bid value - sourcesBy Barbara Lewis and Clara DeninaLONDON, Jan 14 (Reuters) - Anglo American Plc is likely to conf...

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8 Jan 2020 16:59

LONDON MARKET CLOSE: Stocks Stabilise As US-Iran Tension Deescalates

LONDON MARKET CLOSE: Stocks Stabilise As US-Iran Tension Deescalates

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8 Jan 2020 12:04

LONDON MARKET MIDDAY: FTSE 100 Pares Losses As US-Iran Fears Abate

LONDON MARKET MIDDAY: FTSE 100 Pares Losses As US-Iran Fears Abate

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8 Jan 2020 10:37

UK WINNERS & LOSERS SUMMARY: NMC Health And Finablr Hit By Share Sales

UK WINNERS & LOSERS SUMMARY: NMC Health And Finablr Hit By Share Sales

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8 Jan 2020 09:31

UPDATE 2-FTSE steadies as U.S.-Iran fears ease; Brexit doubts hit midcaps

* FTSE 100 flat, FTSE 250 down 0.8%* Markets stabilise after Iran missile attack* NMC, Finablr tumble after shareholders sell stake* Wood Group down as CMA to probe nuclear unit sale (Writes through)By Shashwat AwasthiJan 8 (Reuters) - London's main...

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8 Jan 2020 08:45

LONDON MARKET OPEN: Caution Prevails, Gold Rises After Iran Retaliates

LONDON MARKET OPEN: Caution Prevails, Gold Rises After Iran Retaliates

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8 Jan 2020 08:02

LONDON BRIEFING: Anglo American Bids For Cash-Strapped Sirius Minerals

LONDON BRIEFING: Anglo American Bids For Cash-Strapped Sirius Minerals

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8 Jan 2020 07:59

UPDATE 3-Anglo American in talks to buy Britain's biggest mine project

* Anglo proposes offer of 5.5 pence per Sirius share* 34% premium to Sirius' last closing price* Sirius shares had plunged amid uncertainty over project (Adds analyst comment)By Yadarisa Shabong and Barbara LewisJan 8 (Reuters) - Global miner Anglo ...

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8 Jan 2020 07:59

UPDATE 2-Anglo American in talks to buy Britain's biggest mine project

* Anglo proposes offer of 5.5 pence per Sirius share* 34% premium to Sirius' last closing price* Sirius shares had plunged amid uncertainty over project (Adds shares, background, CFO comments from media call)By Yadarisa Shabong and Barbara LewisJan ...

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8 Jan 2020 07:59

UPDATE 1-Anglo American in talks to buy Sirius Minerals

(Adds details on deal, background)Jan 8 (Reuters) - Miner Anglo American Plc said on Wednesday it was in advanced talks to buy fertiliser maker Sirius Minerals for about 386 million pounds ($507 million) as it sets its sights on Britain's biggest ...

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8 Jan 2020 07:46

TOP NEWS: Anglo American In Advanced Talks To Buy Sirius Minerals

TOP NEWS: Anglo American In Advanced Talks To Buy Sirius Minerals

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8 Jan 2020 07:44

CORRECT: LONDON MARKET PRE-OPEN: Anglo Bids For Sirius

CORRECT: LONDON MARKET PRE-OPEN: Anglo Bids For Sirius

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