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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bank is the most shorted stock on the London market, with Reuters having reported last week that business customers had withdrawn deposits as investors appear to be betting that a slump sparked by an accounting error revealed in February will continue.William Hill and GVC Holdings were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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9 Apr 2019 14:56

FTSE 250 movers: Housebuilders crumble, Sirius soars

(Sharecast News) - London's FTSE 250 index was 0.34% lower at 19,449.99 in afternoon trade on Tuesday, as housebuilders and construction outfits pulled the index lower amid continued Brexit confusion.

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12 Mar 2019 16:58

LONDON MARKET CLOSE: Pound Slides Ahead Of May's Likely Brexit Defeat

LONDON (Alliance News) - London stocks ended higher on Tuesday amid a volatile session for the pound, which was trading below the USD1.31 mark ahead of UK Prime Minister Theresa May's likely a

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12 Mar 2019 12:03

LONDON MARKET MIDDAY: Pound Falls Back Near USD1.30 Before Brexit Vote

LONDON (Alliance News) - The FTSE 100 was on course for a second session of gains on Tuesday as the pound had a volatile day tracking the latest Brexit updates, sinking sharply after the UK's

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12 Mar 2019 10:36

WINNERS & LOSERS SUMMARY: Sirius Minerals Gains On Financing Offer

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

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12 Mar 2019 08:53

LONDON MARKET OPEN: Strong Pound Sends FTSE 100 Lower Ahead Of Vote

LONDON (Alliance News) - Stock prices in London opened mixed on Tuesday, as a surge in the pound overnight hampered gains in the FTSE 100, amid rising expectation that UK Prime Minister Theresa be

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12 Mar 2019 08:14

Sirius Minerals Gets New Financing Proposal For Woodsmith Mine

LONDON (Alliance News) - Shares in fertiliser firm Sirius Minerals PLC rose early Tuesday as it said it is exploring an alternative financing agreement for its massive Yorkshire mine.Shares

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12 Mar 2019 08:10

Sirius Minerals receives major new loan proposal

(Sharecast News) - Sirius Minerals says has received a conditional proposal from a major global financial institution in respect of the £3.5bn "stage 2" financing that would potentially fund its Yorkshire polyhalite mine through to production.

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22 Jan 2019 09:49

Sirius Minerals Tweaks Financing Terms To Lower Risk To UK Taxpayers

LONDON (Alliance News) - Sirius Minerals PLC on Tuesday outlines changes to the USD3 billion stage 2 debt financing for its Yorkshire fertilizer mine to modify risk allocation amongst various is a

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22 Jan 2019 08:21

Sirius Minerals adjusts terms of $3bn funding round for Yorkshire project

(Sharecast News) - Fertiliser producer Sirius Minerals said it was adjusting the terms of a planned $3bn (£2.3bn) funding round for its Yorkshire polyhalite project to reduce risk.

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7 Dec 2018 14:42

FTSE 250 movers: Oilers rise on OPEC agreement while Sirius dives

(Sharecast News) - London's FTSE 250 was up 1.15% at 17,957.43 in afternoon trade on Friday, as oilers powered upward on the back of an OPEC decision to cut production.

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22 Nov 2018 13:37

Thursday broker round-up

(Sharecast News) - Royal Mail: RBC Capital Markets upgrades to sector perform with a target price of 500p.

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5 Nov 2018 10:57

WINNERS & LOSERS SUMMARY: Micro Focus Rises On Outlook And Buyback

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

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27 Sep 2018 10:45

WINNERS & LOSERS SUMMARY: Indivior Woes Continue After Guidance Cut

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 1.8%. The Anglo-German travel operator said

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27 Sep 2018 09:34

Sirius Minerals makes progress at Woodsmith, flags further funding requirement

(Sharecast News) - Sirius Minerals updated the market on its progress for the quarter to 30 September on Thursday, reporting that its focus project, the Woodsmith Mine in North Yorkshire, remained on track to deliver first polyhalite and commercial production on time.

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27 Sep 2018 09:26

Sirius Minerals Narrows Loss On Expenses, Woodsmith Mine On Schedule

LONDON (Alliance News) - Polyhalite mining company Sirius Minerals PLC on Thursday said its loss narrowed in the first half of the year due to operating cost and finance expense the six months to

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