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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bank is the most shorted stock on the London market, with Reuters having reported last week that business customers had withdrawn deposits as investors appear to be betting that a slump sparked by an accounting error revealed in February will continue.William Hill and GVC Holdings were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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19 Jul 2019 13:16

Sirius Minerals Moves Onto Next Part Of Woodsmith Mine's Funding Round

(Alliance News) - Sirius Minerals PLC is to offer USD500 million in secured notes as part of its stage two financing for the Woodsmith polyhalite mine in Yorkshire.The USD500 million senior

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2 Jul 2019 08:44

Sirius Minerals On Plan To Complete Major Finance By September's End

(Alliance News) - FTSE 250-listed Sirius Minerals PLC is on track to complete stage two financing by the end of September, it said, with other work progressing well.Sirius, which is the in

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12 Jun 2019 08:39

LONDON MARKET OPEN: Reckitt, BAT And Auto Trader Put Pressure On FTSE

(Alliance News) - The FTSE 100 pulled back from a recent string of wins on Wednesday, with Reckitt Benckiser, British American Tobacco and Auto weighing a

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12 Jun 2019 07:43

LONDON MARKET PRE-OPEN: PepsiCo Exec New Reckitt CEO; Saga Boss To Go

(Alliance News) - The FTSE 100 index's recent winning streak is seen coming to a halt on Wednesday following soft trade in New York and Asia overnight.In early UK company news, Nurofen Reckitt

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12 Jun 2019 07:38

Sirius Minerals secures supply deal with Indian farms co-op

(Sharecast News) - Sirius Minerals has signed a take-or-pay supply agreement with Indian Farmers Fertilisers Cooperative (IFFCO) for the supply of its fertiliser product, POLY4.

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6 Jun 2019 16:11

UK Shareholder Meetings Calendar - Next 7 Days

Friday 7 JuneMarloweFerrexpoCircassia PharmaceuticalsMonday 10 Out 11 Health

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3 Jun 2019 08:19

Sirius Minerals Issues Shares For USD107 Million In Bond Conversions (ALLISS)

LONDON (Alliance News) - Sirius Minerals PLC on Monday said it issued 17.2 million shares in response to bond conversion notices.The FTSE 250 fertilizer mine development company said it in

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21 May 2019 09:24

Sirius Minerals "Encouraged" By Oversubscribed Open Offer (ALLISS)

LONDON (Alliance News) - Every share offered in an open offer by Sirius Minerals PLC as part of stage two financing has been taken up, the fertilizer mine developer said Tuesday.Sirius at a

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8 May 2019 15:18

Berenberg lowers target on Sirius Minerals, but believes financing package will succeed

(Sharecast News) - Berenberg lowered its target for Sirius Minerals's share price from 40p to 35p after incorporating the structure of the potash miner's long-awaited stage two financing for its Woodsmith polyhalite mine into its valuation model.

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8 May 2019 14:59

FTSE 250 movers: Metro Bank stumbles, Sirius Minerals soars

(Sharecast News) - London's FTSE 250 index was edged 0.04% lower to 19,481.51 in afternoon trade on Wednesday, with Metro Bank coming in as the top faller.

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8 May 2019 12:16

Wednesday broker round-up

(Sharecast News) - Sainsbury: BofA Merrill Lynch downgrades to neutral with a target price of 235p

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1 May 2019 17:05

LONDON MARKET CLOSE: Stocks Mixed Ahead Of US Interest Rate Decision

LONDON (Alliance News) - Stocks in London ended mixed on Wednesday as investors took a cautious stance ahead of the Federal Reserve's monetary policy announcement at 1900 BST.The FTSE 100 down

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1 May 2019 11:56

LONDON MARKET MIDDAY: Stocks Falter Ahead Of Latest US Fed Decision

LONDON (Alliance News) - Despite a strong start, London stocks had slipped into the red by midday on Wednesday ahead of the latest interest rate decision by the US Federal Reserve. The FTSE 100 or

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1 May 2019 10:53

WINNERS & LOSERS SUMMARY: Sirius Minerals Down After Fundraising

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

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