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FTSE 250 movers: Stobart flying high, UDG health questioned

Fri, 11th Jan 2019 14:13

(Sharecast News) - London's FTSE 250 finished up 0.1% at 18,435.62 on Friday, as Stobart led the way after its capture of Flybe.Southend airport owner Stobart was the top gainer as it teamed up with Virgin Atlantic and Cyrus Capital Partners to buy British regional airline Flybe for 1p a share, valuing the company at £2.2m.Hunting also rose after JPMorgan raised it to 'overweight' and upped its target price from 721p to 729p, while builders merchant Grafton rallied after saying it expects adjusted profits for 2018 to be slightly ahead of the top end of analyst expectations.Dixons Carphone climbed after analysts at HSBC stated that the retailer presented a "detailed and clear strategy" with realistic targets that could create "substantial value" on a five-year view, though still lowered their target price.At the other end of the spectrum, UDG Healthcare was the top faller after Jefferies downgraded the clinical and packaging service provider from 'buy' to 'hold', also cutting its price target from 765p to 620p.Oil services group Hastings dropped after it announced that Richard Hoskins, who had been with the business since April 2015, was retiring as group chief financial officer.Halfords continued to fall after it warned the previous day that underlying pre-tax profit for its current financial year would be lower than it had recently guided.Finally, Sports Direct edged lower after boss Mike Ashley engineered a coup at the Debenhams AGM to oust chief executive Sergio Bucher and chairman Ian Cheshire. Ashley teamed up with Milestone Resources, the third largest investor in the embattled department store group.Market MoversFTSE 250 (MCX) 18,514.98 0.43%FTSE 250 - RisersStobart Group Ltd. (STOB) 160.00p 6.67%Cairn Energy (CNE) 184.60p 5.19%Hunting (HTG) 553.00p 4.24%Grafton Group Units (GFTU) 729.00p 4.14%Merlin Entertainments (MERL) 339.70p 3.82%Domino's Pizza Group (DOM) 263.40p 3.50%Dixons Carphone (DC.) 131.40p 3.46%Crest Nicholson Holdings (CRST) 357.40p 3.35%Softcat (SCT) 685.00p 3.32%OneSavings Bank (OSB) 381.80p 3.24%FTSE 250 - FallersUDG Healthcare Public Limited Company (UDG) 590.50p -5.75%Ted Baker (TED) 1,851.00p -5.42%Just Group (JUST) 92.15p -5.15%Hastings Group Holdings (HSTG) 193.45p -3.76%CYBG (CYBG) 181.90p -3.45%Just Eat (JE.) 609.22p -3.36%Halfords Group (HFD) 211.00p -2.68%Genus (GNS) 2,314.00p -1.95%Sports Direct International (SPD) 268.70p -1.83%IMI (IMI) 961.00p -1.69%
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Thursday broker round-up

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LONDON MARKET MIDDAY: Stocks lose steam on variant fear; US banks rise

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29 Jun 2021 11:29

TOP NEWS SUMMARY: UDG Healthcare accepts bid; none forthcoming for IWG

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29 Jun 2021 09:27

UPDATE 2-Miners, retail fuel FTSE 100 as rising COVID cases cause concern

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Homebuilders jump as house prices rise in June* Barratt Developments gains on CFO appointment* FTSE 100 up 0.2%, FTSE 250 ends flat (Updat...

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TOP NEWS: UDG Healthcare accepts GBP2.8 billion CD&R takeover offer

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LONDON MARKET OPEN: Housebuilders rise as UK house prices jump

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LONDON BRIEFING: UDG Healthcare accepts GBP2.8 billion takeover offer

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LONDON MARKET PRE-OPEN: UDG agrees increased GBP2.76 billion takeover

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CD&R confirms higher £2.7bn offer for UDG Healthcare

(Sharecast News) - US private equity firm Clayton, Dubilier & Rice on Tuesday confirmed its increased final £2.7bn offer for Dublin-based UDG Healthcare.

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