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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bank is the most shorted stock on the London market, with Reuters having reported last week that business customers had withdrawn deposits as investors appear to be betting that a slump sparked by an accounting error revealed in February will continue.William Hill and GVC Holdings were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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17 Sep 2019 09:20

UPDATE 2-Britain's biggest mining project in the balance as Sirius bond aborted

* Company says 1,200 jobs at risk* Options include seeking strategic partner* Company reports deeper first-half loss (Adds reaction, CEO comment, context, JP Morgan no comment)By Barbara Lewis and Noor Zainab HussainLONDON, Sept 17 (Reuters) - Siriu...

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17 Sep 2019 09:20

UPDATE 1-Britain's biggest mining project in the balance as Sirius bond aborted

* Spoke to government in August to seek $1 bln funding* Shares collapse* Options include seeking strategic partner* Posts deepened H1 lossBy Barbara Lewis and Noor Zainab HussainLONDON, Sept 17 (Reuters) - Sirius Minerals scrapped a plan to raise $5...

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17 Sep 2019 08:39

LONDON MARKET OPEN: Sirius Minerals Sinks After Pulling Financing Plan

(Alliance News) - Stock prices in London opened lower on Tuesday as heavyweight oil majors absorbed losses in the FTSE 100, while Sirius Minerals weighed on the midcap index after putting plans a

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17 Sep 2019 08:33

FTSE 100 steadies after Saudi attacks; Sirius Minerals plummets

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1%, FTSE 250 drops 0.4%* Sirius Minerals sinks to record low* HSBC and Prudential weigh on the main indexSept 17 (Reuters) - London's FTSE 100 index inched hig...

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17 Sep 2019 08:33

CORRECTED-FTSE 100 steadies after Saudi attacks; Sirius Minerals plummets

(Corrects first bullet point to up not down)* FTSE 100 up 0.1%, FTSE 250 drops 0.4%* Sirius Minerals sinks to record low* HSBC and Prudential weigh on the main indexSept 17 (Reuters) - London's FTSE 100 index inched higher early on Tuesday as a sell...

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17 Sep 2019 07:26

TOP NEWS: Sirius Minerals In Strategic Review After Financing Failure

(Alliance News) - Sirius Minerals PLC is to carry out a strategic review after a failure to complete crucial debt funding for the Woodsmith fertiliser project, it said on Tuesday.Sirius its

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17 Sep 2019 07:08

Sirius Minerals pulls $500m bond issue due to 'poor market conditions'

(Sharecast News) - Sirius Minerals said it was pulling a $500m raising due to jittery bond markets and cutting the rate of development on the world's biggest potash project as the UK government also refused support.

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16 Aug 2019 10:03

Severfield Hires Experienced Construction Sector Executive Hardy

(Alliance News) - Structural steel firm Severfield PLC said on Friday that it has named Louise Hardy as a non-executive director, effective September 4.Hardy, an experienced non-executive a

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7 Aug 2019 12:02

LONDON MARKET MIDDAY: Sell-Off Pauses As Fresnillo, Flutter Lift FTSE

(Alliance News) - After a slow start to the session, the FTSE 100 perked up as Wednesday went on with the blue-chip index racking up some solid gains amid share price boosts from gold miner and in

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7 Aug 2019 10:56

WINNERS & LOSERS SUMMARY: Burford Slumps Amid "Short Attack" Report

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - up 4.2%. The Mexican gold miner gained as traders

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6 Aug 2019 16:54

LONDON MARKET CLOSE: Mood Starts To Improve But FTSE Continues Slide

(Alliance News) - While risk-on sentiment started to return on Tuesday following two consecutive sessions of dire losses, the FTSE 100 lagged behind global counterparts due to some small gains for

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6 Aug 2019 11:57

LONDON MARKET MIDDAY: Europe Rebounds After US And Asian Market Falls

(Alliance News) - Stocks in Europe were staging a slight recovery on Tuesday after the previous session's heavy losses, with trade war fears easing for now despite the US branding China a The

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6 Aug 2019 10:44

WINNERS & LOSERS SUMMARY: Sirius Minerals Sinks As It Pulls Note Issue

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

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6 Aug 2019 08:38

LONDON MARKET OPEN: Sirius Minerals Drops 30% But Other Mid-Caps Rise

(Alliance News) - Stocks were in the red early on Tuesday in London, with investors spooked by US criticism of alleged currency manipulation by China following increased US tariffs. Shares in as a

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6 Aug 2019 08:26

TOP NEWS: Sirius Minerals Withdraws USD500 Million Notes Offer

(Alliance News) - Sirius Minerals PLC said on Tuesday it has "suspended" a USD500.0 million secured notes offering due to "current market conditions".Shares in the were

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