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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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Vivo Energy to pay 2019 dividend as Q3 trading improves

(Sharecast News) - Vivo Energy said on Friday that it will pay its previously-withdraw 2019 dividend as it reported an improvement in third-quarter volumes amid an easing of coronavirus restrictions.

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18 Sep 2020 09:59

Vivo Energy Prices USD350 Million Note Offering With 5.125% Interest

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10 Sep 2020 09:26

Vivo Energy Offers USD350 Million In Notes To Repay Facilities

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31 Jul 2020 16:36

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29 Jul 2020 14:42

IN BRIEF: Vivo Welcomes Review Of Morocco Regulatory Probe Decision

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28 Jul 2020 10:11

Vivo Energy Interim Profit Craters But Vows To Restart Dividends

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28 Jul 2020 09:25

Vivo Energy expanding network after Covid-affected first half

(Sharecast News) - Vivo Energy reported a 7% fall in volumes in its first half on Tuesday, to 4.62 billion litres, while revenues fell 14% to $3.38bn (£2.63bn).

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21 Jul 2020 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

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3 Jun 2020 10:03

UK BROKER RATINGS SUMMARY: Jefferies Ups M&S To Buy, Cuts B&M To Hold

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7 May 2020 16:27

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30 Apr 2020 10:04

Vivo Energy Reports Rise In First-Quarter Profit Despite Virus Effect

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30 Apr 2020 08:53

Vivo Energy withdraws final dividend

(Sharecast News) - Fuel and lubricants distributor Vivo Energy withdrew its final dividend on Thursday despite posting improved first-quarter profits.

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27 Mar 2020 09:50

UK BROKER RATINGS SUMMARY: Berenberg Lowers Vodafone And Cineworld

UK BROKER RATINGS SUMMARY: Berenberg Lowers Vodafone And Cineworld

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