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FTSE 250 movers: Plus500 climbs, TalkTalk dialed down

Fri, 29th Mar 2019 15:11

(Sharecast News) - London's FTSE 250 index was 0.86% higher at 18,071.04 in afternoon trade on Friday, as online trading services provider Plus500 dragged the index higher.African Shell licensee Vivo Energy rose along with oilers Tullow Oil and Premier Oil on news that Saudi Arabia will continue to ignore President Donald Trump's tolerance threshold for rising oil prices.The latter's rise came a day after it announced the completion of the $65.6m sale of Premier Oil Pakistan Holdings, which comprises its Pakistan business, to Al-Haj Energy.Hedge fund manager Man Group climbed after Credit Suisse started coverage of the stock with an 'outperform' rating and 180p target price.A Credit Suisse note quoted by the Financial Times said: "Its differentiated products should provide better net new money generation, better relative performance across market conditions and better defence against margin competition than traditional asset managers. Man has returned 50 per cent of its market capitalisation in the past five years and we think consensus is too conservative on first-quarter performance and future buyback assumptions."Jupiter Fund Management was on the rise after UBS analysts raised the stock to 'neutral' from 'sell', also bumping the target price up from 300p to 355p.TalkTalk was the top riser on news that it has struck a deal with Ofcom, along with BT, Sky, Virgin Media and Zen Internet, that will see customers automatically compensated for poor service or missed appointments from Monday 1 April.Budget airline Wizz Air dipped after chief executive Jozsef Varadi sold 72,000 shares in the company on the 28 March at a price of 3020.18p, while Saga was lower ahead of the release of its full-year results next week.Finally, challenger bank Metro Bank edged lower after experiencing "technical issues" with services including its mobile app, online banking platform and telephone banking services, with customers instructed to come instore if they required services.Market MoversFTSE 250 (MCX) 19,071.04 0.86%FTSE 250 - RisersPlus500 Ltd (DI) (PLUS) 754.00p 4.87%Vivo Energy (VVO) 123.38p 4.49%Man Group (EMG) 136.50p 4.36%Jupiter Fund Management (JUP) 362.00p 4.29%Kaz Minerals (KAZ) 648.00p 4.28%Ascential (ASCL) 356.80p 4.21%Entertainment One Limited (ETO) 439.60p 3.68%Sanne Group (SNN) 543.00p 3.43%Tullow Oil (TLW) 237.80p 3.39%Premier Oil (PMO) 93.60p 3.37%FTSE 250 - FallersTalkTalk Telecom Group (TALK) 109.30p -1.97%Clarkson (CKN) 2,360.00p -1.87%Wizz Air Holdings (WIZZ) 3,012.00p -1.63%Victrex plc (VCT) 2,146.00p -1.47%Kier Group (KIE) 357.83p -1.26%Saga (SAGA) 111.70p -1.24%JD Sports Fashion (JD.) 492.00p -1.18%Daejan Holdings (DJAN) 5,860.00p -1.18%Dunelm Group (DNLM) 867.64p -1.18%Metro Bank (MTRO) 758.00p -1.11%
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Virgin Media O2 in early talks to buy TalkTalk - report

(Sharecast News) - Virgin Media O2 is reportedly in early talks to buy TalkTalk in a deal that would strengthen the broadband-to-streaming company's challenge to the dominance of BT.

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JP Morgan thinks risk-reward for equities will likely improve going into 2H

(Sharecast News) - Equity strategists at JP Morgan sounded a relatively upbeat note on the outlook for stocks globally.

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17 Apr 2022 17:10

Sunday newspaper round-up: Twitter, M&S, TalkTalk

(Sharecast News) - Elon Musk has begun discussions with possible partners for a bid on Twitter after the iconic social media outfit put in place a so-called 'poison pill' in an attempt to thwart a mooted £33bn takeover. That stratagem was preceded by Twitter's rejection of an offer from Musk last Friday worth $54.20 a share. The pill would be activated should Musk take his own stake over the 15% threshold. - Sunday Times

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28 Sep 2021 08:20

Ofcom brings in new broadband switching rules

(Sharecast News) - British broadband customers will be able to switch providers more easily under a new service to be introduced by media regulator Ofcom.

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10 Mar 2021 13:20

IN BRIEF: Court sanctions Tosca IOM takeover of TalkTalk Telecom

IN BRIEF: Court sanctions Tosca IOM takeover of TalkTalk Telecom

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2 Mar 2021 06:31

IN BRIEF: TalkTalk to be delisted on March 15 as takeover approved

IN BRIEF: TalkTalk to be delisted on March 15 as takeover approved

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22 Feb 2021 16:08

UK Shareholder Meetings Calendar - Next 7 Days

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5 Feb 2021 08:35

TalkTalk Telecom Takeover By Toscafund, Penta To Complete Next Month

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2 Feb 2021 14:21

IN BRIEF: Mirriad Hires Former TalkTalk Exec Philip Mattimoe As CTO

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28 Jan 2021 10:50

TalkTalk Upsizes Oversubscribed Additional Offering To GBP110 Million

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26 Jan 2021 10:19

TalkTalk Adds GBP100 Million In 3.875% Senior Notes To Existing Notes

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13 Jan 2021 11:49

IN BRIEF: STV Annual Profit To Beat Expectations, Appoints Chair-Elect

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18 Dec 2020 09:44

UK BROKER RATINGS SUMMARY: Smith & Nephew And WPP Get Upgrades

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17 Dec 2020 11:03

UPDATE 1-Toscafund to buy UK broadband firm TalkTalk in 1.1 bln stg deal

* TalkTalk recommends 97 pence-a-share offer* Buyers say TalkTalk has a brighter future as a private company* Chairman Dunstone says will continue to be major shareholder (Adds details, quotes, shares)By Paul SandleLONDON, Dec 17 (Reuters) - Briti...

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17 Dec 2020 10:30

TOP NEWS: TalkTalk Accepts GBP1.11 Billion Takeover As Swings To Loss

TOP NEWS: TalkTalk Accepts GBP1.11 Billion Takeover As Swings To Loss

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