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FTSE 250 movers: Metro Bank slides, Amigo ascends

Mon, 13th May 2019 15:01

(Sharecast News) - London's FTSE 250 was up 0.8% at 19,442.72 in afternoon trade on Friday, with shares of Metro Bank slumping even as it said plans to raise £350m of equity capital were well advanced after it was forced to reassure customers their money was safe. The challenger bank announced the planned capital raising in February after lax accounting caused it to under-report the risk of millions of pounds of commercial property loans and loans to commercial buy-to-let operators, leading to speculation about the bank's financial strength.CMC Markets analyst Michael Hewson said: "Not surprisingly shareholders are furious having already been tapped for £300m last summer and while the bank has announced this morning that the £350m capital raising is well advanced, they haven't answered any of the questions around why the error happened in the first place. No-one has been held accountable despite the fact that the error was only spotted by the Bank of England, and not by the bank, or its own auditors."Infrastructure outfit Stobart Group also slid, as it delayed the release of its full-year results to May 29, instead of May 15 as previously planned.Stock in Victrex was lower after the polymer solutions provider reported a 13% drop in first-half revenue to £145.7m, while Intu Properties was downgraded to 'underweight' by analysts at JPMorgan who argued that the real estate investor has not stabilised."Despite the recent material cut to rental growth guidance (up to -6% in 19) the shares are flat over the last three weeks and up 7% from a 52 week low in May, but there remains no dividend, the earnings outlook is hard to quantify and relative to other retail peers (that pay dividends) the future EPS multiple does not look compelling. There are few anchors for the share price in our view," said the analysts.Man Group was downgraded to 'neutral' by Goldman Sachs analysts who stated they saw no growth for management fees and lowered forecasts for for performance fees in 2019 from $220m to $200m.Amigo Holdings was the top riser, while oilfield services provider Hunting rose alongside oilers Energean Oil & Gas, Vivo Energy and Tullow Oil as oil prices climbed after Saudi Arabia said two of its oil tankers were attacked over the weekend near the Strait of Hormuz.Market MoversFTSE 250 (MCX) 19,180.06 -0.96%FTSE 250 - RisersAmigo Holdings (AMGO) 230.50p 2.90%Hunting (HTG) 552.50p 2.60%Hilton Food Group (HFG) 1,036.00p 1.97%Energean Oil & Gas (ENOG) 812.00p 1.50%Vivo Energy (VVO) 125.00p 1.46%Syncona Limited NPV (SYNC) 257.50p 1.38%Tullow Oil (TLW) 216.00p 1.36%Barr (A.G.) (BAG) 832.00p 1.34%Pennon Group (PNN) 732.60p 1.27%SSP Group (SSPG) 692.00p 1.17%FTSE 250 - FallersMetro Bank (MTRO) 486.16p -8.87%Stobart Group Ltd. (STOB) 129.64p -8.06%Sirius Minerals (SXX) 18.08p -6.03%Victrex plc (VCT) 2,092.56p -5.74%AJ Bell (AJB) 448.00p -5.29%Rotork (ROR) 281.70p -5.28%Cineworld Group (CINE) 297.90p -4.91%Intu Properties (INTU) 92.74p -4.73%Man Group (EMG) 144.95p -4.48%GVC Holdings (GVC) 574.00p -3.88%
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4 Mar 2022 09:32

Ex-TotalEnergies executive Mittelman starts as new Vivo Energy chief

(Alliance News) - Vivo Energy PLC, which sells fuels and lubricants under Shell PLC and Engen brands in 23 African countries, confirmed on Friday that Stan Mittelman assumed his duties as its new chief executive on Thursday.

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2 Mar 2022 08:26

Vivo Energy records strong 2021 results as volumes recover

(Alliance News) - Vivo Energy PLC on Wednesday posted strong financial results for 2021 as volumes recovered to close to pre-pandemic levels on the back of rapid expansion of its retail footprint.

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2 Mar 2022 08:18

Vivo Energy FY profits rise as volumes recover

(Sharecast News) - Vivo Energy posted a jump in full-year net income and revenues on Wednesday as volumes recovered to close to pre-pandemic levels.

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23 Feb 2022 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 24 February 
Anglo American PLCFull Year Results
ASA International Group PLCFull Year Results
BAE Systems PLCFull Year Results
Centrica PLCFull Year Results
Conduit Holdings LtdFull Year Results
Derwent London PLCFull Year Results
Drax Group PLCFull Year Results
Genus PLCHalf Year Results
Go-Ahead Group PLCFull Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Inchcape PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Rathbone Group PLCFull Year Results
Ricardo PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
Serco Group PLCFull Year Results
Spectris PLCFull Year Results
St James's Place PLCFull Year Results
Tremor International LtdFull Year Results
WPP PLCFull Year Results
Friday 25 February 
Evraz PLCFull Year Results
IMI PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 28 February 
Associated British Foods PLCTrading Statement
BATM Advanced Communications LtdFull Year Results
Bunzl PLCFull Year Results
CentralNic Group PLCFull Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Grit Real Estate Income Group LtdHalf Year Results
Kitwave Group PLCFull Year Results
Kosmos Energy LtdQ4 Results
Made Tech Group PLCHalf Year Results
RHI Magnesita NVFull Year Results
Tuesday 1 March 
abrdn PLCFull Year Results
Croda International PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Hotel Chocolat Group PLCHalf Year Results
Intertek Group PLCFull Year Results
Man Group PLCFull Year Results
PCI-PAL PLCHalf Year Results
Quartix Technologies PLCFull Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
Rotork PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Vitec Group PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 2 March 
Polymetal International PLCFull Year Results
Just Eat Takeaway.com NVFull Year Results
Vistry Group PLCFull Year Results
Nichols PLCFull Year Results
Hotel Chocolat Group PLCHalf Year Results
Devro PLCFull Year Results
KRM22 PLCFull Year Results
Supermarket Income REIT PLCHalf Year Results
Foxtons Group PLCFull Year Results
Persimmon PLCFull Year Results
Hiscox PLCFull Year Results
musicMagpie PLCFull Year Results
Vivo Energy PLCFull Year Results
Aviva PLCFull Year Results
  
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20 Jan 2022 16:52

IN BRIEF: Vivo Energy says Vitol takeover backed at Thursday meetings

IN BRIEF: Vivo Energy says Vitol takeover backed at Thursday meetings

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17 Jan 2022 09:15

South African Reserve Bank gives Vivo Energy takeover green light

South African Reserve Bank gives Vivo Energy takeover green light

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14 Jan 2022 07:55

LONDON MARKET PRE-OPEN: Currys launches buyback; new CFO for Aston

LONDON MARKET PRE-OPEN: Currys launches buyback; new CFO for Aston

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14 Jan 2022 07:42

Vivo Energy finance chief Doug Lafferty moves to Aston Martin as CFO

Vivo Energy finance chief Doug Lafferty moves to Aston Martin as CFO

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14 Jan 2022 07:32

Vivo energy CFO resigns, takes job at Aston Martin

(Sharecast News) - Fuels and lubricants retailer Vivo Energy revealed on Friday that Doug Lafferty had resigned in order to take up the role of chief financial officer over at world-renowned carmaker Aston Martin Lagonda.

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13 Jan 2022 14:52

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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25 Nov 2021 17:02

LONDON MARKET CLOSE: Steady gains as Thanksgiving damps volatility

LONDON MARKET CLOSE: Steady gains as Thanksgiving damps volatility

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25 Nov 2021 12:08

LONDON MARKET MIDDAY: European markets stay positive with US closed

LONDON MARKET MIDDAY: European markets stay positive with US closed

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25 Nov 2021 11:05

TOP NEWS SUMMARY: Swiss Life plans to boost returns; Vitol buys Vivo

TOP NEWS SUMMARY: Swiss Life plans to boost returns; Vitol buys Vivo

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25 Nov 2021 10:12

LONDON BROKER RATINGS: Morgan Stanley lowers Spectris and Renishaw

LONDON BROKER RATINGS: Morgan Stanley lowers Spectris and Renishaw

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25 Nov 2021 09:06

TOP NEWS: Vivo Energy backs takeover offer from largest investor Vitol

TOP NEWS: Vivo Energy backs takeover offer from largest investor Vitol

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