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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bank is the most shorted stock on the London market, with Reuters having reported last week that business customers had withdrawn deposits as investors appear to be betting that a slump sparked by an accounting error revealed in February will continue.William Hill and GVC Holdings were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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1 Oct 2019 14:06

Tuesday broker round-up

(Sharecast News) - Carnival: Barclays downgrades to equal weight with a target price of 3,800p.

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1 Oct 2019 11:32

Berenberg slashes target price on Sirius Minerals as funding woes continue

(Sharecast News) - Analysts at Berenberg slashed their price target on fertilizer development company Sirius Minerals from 17p all the way down to 4p on Tuesday, citing increased uncertainties regarding the firm's finances.

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30 Sep 2019 13:16

FTSE 250 movers: Finablr falls, Sirius recovers

(Sharecast News) - London's FTSE 250 was 0.18% lower at 19,934.32 in afternoon trade on Monday, driven lower by payments and foreign exchange solutions provider Finablr.

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30 Sep 2019 09:27

UPDATE 1-UK shares little changed, corporate action muted

* FTSE 100, FTSE 250 about flat* Trade tensions, Brexit uncertainty curb risk sentiment* GSK rises after ovarian cancer study results* Metro Bank jumps on report Elliott considering taking stake (Adds news items, analyst comment, updates share pric...

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27 Sep 2019 14:06

FTSE 250 movers: SSP climbs, Sirius slides

(Sharecast News) - London's FTSE 250 was up 0.51% at 19,919.54 in afternoon trade on Friday, as SSP Group led the index higher.

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18 Sep 2019 13:19

Liberum slashes Sirius Minerals price target after miner pulls bond sale

(Sharecast News) - Broker Liberum slashed its price target on buy-rated Sirius Minerals to 9p from 40p on Wednesday a day after the company pulled a $500m bond sale that was crucial to unlocking a $2.5bn credit facility from JPMorgan needed to finance its potash mine in Yorkshire.

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18 Sep 2019 12:05

LONDON MARKET MIDDAY: Stocks Nudge Up As US Fed Rate Decision Awaited

(Alliance News) - Stocks in London were seeing tepid buying interest at midday on Wednesday ahead of the US Federal Reserve's latest interest-rate decision after the UK market close.The

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18 Sep 2019 10:50

WINNERS & LOSERS SUMMARY: Pendragon Skids As Skips Dividend

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

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18 Sep 2019 09:30

UPDATE 1-FTSE 100 lingers in the red ahead of Fed meeting

* FTSE 100 down 0.1%, FTSE 250 up 0.1%* Fed meeting conclusion eyed* Kingfisher falls after earnings report* Sirius Minerals steepest mid-cap faller (Adds company news items, analyst comments, updates share moves)By Muvija MSept 18 (Reuters) - Lond...

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18 Sep 2019 08:31

LONDON MARKET OPEN: FTSE 100 Gingerly Higher Ahead Of US Rate Decision

(Alliance News) - Stocks in London got off to a modestly higher start on Wednesday, with trade muted as markets are in wait-and-watch mode ahead of the US Federal Reserve's latest policy risk

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18 Sep 2019 08:21

FTSE 100 dips ahead of Fed meeting

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.2%, FTSE 250 down 0.2%* Industrials biggest drags* Sirius Minerals steepest mid-cap fallerSept 18 (Reuters) - London's main index opened lower on Wednesday as...

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17 Sep 2019 16:54

LONDON MARKET CLOSE: FTSE's Early Gains Evaporate As Oil Prices Ease

(Alliance News) - Despite some early gains, the FTSE 100 pulled back in the afternoon as oil pared some of its recent gains on anticipation that Saudi Arabia could recover its output faster than -

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17 Sep 2019 09:54

UPDATE 2-London's FTSE 100 ends on a flat note, Sirius Minerals plunges

* FTSE 100 flat, FTSE 250 down 0.1%* BP losses steam after Reuters' report* Sirius Minerals sinks to record low* Drop in banks countered by gains in consumer staples (Adds news items, analyst comment, updates to closing price)By Yadarisa ShabongSept...

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17 Sep 2019 09:20

UPDATE 4-Britain's biggest mining project in peril as Sirius bond aborted

* Company says 1,200 jobs at risk* Options include seeking strategic partner* Government says funding must offer taxpayers value* Company reports deeper first-half loss (Adds union reaction, updates share price)By Barbara Lewis and Noor Zainab Hussa...

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17 Sep 2019 09:20

UPDATE 3-Britain's biggest mining project in the balance as Sirius bond aborted

* Company says 1,200 jobs at risk* Options include seeking strategic partner* Government says funding help has to be based on taxpayer value* Company reports deeper first-half loss (Adds government comment, analyst, updates shares)By Barbara Lewis ...

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