The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSirius Minerals Share News (SXX)

  • There is currently no data for SXX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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bank is the most shorted stock on the London market, with Reuters having reported last week that business customers had withdrawn deposits as investors appear to be betting that a slump sparked by an accounting error revealed in February will continue.William Hill and GVC Holdings were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%
More News
1 May 2019 08:36

Sirius Minerals raises $425m for polyhalite mine project

(Sharecast News) - Sirius Minerals on Wednesday confirmed that it has successfully raised $425m to finance the next stage of development of its Woodsmith polyhalite mine in North Yorkshire.

Read more
1 May 2019 08:35

LONDON MARKET OPEN: Sainsbury's Helps FTSE Start Strongly Ahead Of Fed

LONDON (Alliance News) - London stocks started May on a bright note, with sentiment boosted on Wednesday by strong earnings from Apple overnight and the latest round of US-China trade to lift the

Read more
1 May 2019 08:11

TOP NEWS: Sirius Minerals Beats Fundraise Target But At Steep Discount (ALLISS)

LONDON (Alliance News) - Sirius Minerals PLC has raised more than originally envisaged, the miner said on Wednesday, though shares were offered at a sharp discount.Sirius on Tuesday a to in

Read more
30 Apr 2019 16:53

LONDON MARKET CLOSE: Disappointing China Data Sees Miners Hinder FTSE

LONDON (Alliance News) - Weak manufacturing data from China overnight hit London-listed miners on Tuesday, causing the FTSE 100 to tumble. The FTSE 100 index closed down 22.44 points, or 0.3%, at

Read more
30 Apr 2019 12:02

LONDON MARKET MIDDAY: FTSE Struggles Despite Cheer For StanChart, BP

LONDON (Alliance News) - European markets suffered on Tuesday from poor manufacturing data in China and weak tech earnings in the US, while London's leading index also was dragged by selling a

Read more
30 Apr 2019 10:42

WINNERS & LOSERS SUMMARY: Standard Chartered Rises On Buyback Plans

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

Read more
30 Apr 2019 08:47

TOP NEWS: Sirius Minerals Unveils Next Stage Of Funding For Woodsmith

LONDON (Alliance News) - Sirius Minerals PLC on Tuesday announced a major new financing package worth USD3.8 billion for the development of the Woodsmith mine in Yorkshire.Shares were 18% a

Read more
30 Apr 2019 08:11

Sirius Minerals shares crash after announcing heavily-discounted $3.8bn cash call

(Sharecast News) - Sirius Minerals narrowed total losses in its last trading year as a result of a fair value re-measurement of derivatives associated with its convertible loans.

Read more
30 Apr 2019 06:49

PRESS: Sirius Minerals Set To Unveil Major Financing Package (ALLISS)

LONDON (Alliance News) - Fertiliser firm Sirius Minerals PLC is to launch a GBP2.7 billion fundraise on Tuesday via both equity and debt, Sky News reported late Monday.Sirius, which is the

Read more
25 Apr 2019 12:00

LONDON MARKET MIDDAY: Scuppered Sainsbury-Asda Deal Knocks FTSE 100

LONDON (Alliance News) - The FTSE 100 continued to trade lower at midday on Thursday, bogged down by J Sainsbury's hopes of merging with Asda being dashed and housebuilder on

Read more
25 Apr 2019 10:38

WINNERS & LOSERS SUMMARY: Sainsbury's Drops After Asda Merger Blocked

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 0.3%. The information and analytics it -

Read more
25 Apr 2019 08:36

LONDON MARKET OPEN: Sainsbury's Leads Fallers As Asda Merger Thwarted

LONDON (Alliance News) - The FTSE 100 started Thursday's session in the red, dragged down by losses for J Sainsbury, Taylor Wimpey, Barclays

Read more
25 Apr 2019 08:25

Sirius Minerals Inks Another Fertiliser Supply Deal For Woodsmith

LONDON (Alliance News) - Fertiliser firm Sirius Minerals PLC has signed a new supply agreement for future production from its Woodsmith mine in Yorkshire, UK.The ten-year deal has been with

Read more
25 Apr 2019 08:23

Sirius Minerals inks Europe distribution deal with BayWa conglomerate

(Sharecast News) - Sirius Minerals has entered into an exclusive 10-year supply and distribution agreement with European agribusiness group BayWa Agri Supply & Trade (BAST) - a wholly-owned subsidiary of BayWa - for the distribution of POLY4 into Europe, it announced on Thursday.

Read more
25 Apr 2019 07:41

LONDON MARKET PRE-OPEN: Sainsbury-Asda Deal Blocked; RBS CEO To Leave

LONDON (Alliance News) - Stocks in London are set to open slightly higher on Thursday following strong results from US tech giants overnight and a flurry of significant UK company news.The UK the

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.