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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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17 Sep 2019 15:02

FTSE 250 movers: Sirius plummets, Sophos climbs

(Sharecast News) - London's FTSE 250 was down 0.3% at 20,003.51 in afternoon trade on Tuesday, as Sirius Minerals led the index lower.

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13 Sep 2019 14:43

FTSE 250 movers: CYBG climbs, gold miners lose their shine

(Sharecast News) - London's FTSE 250 was up by 0.75% at 20,112.33 in afternoon trading on Friday, with CYBG leading the index higher.

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12 Sep 2019 14:40

FTSE 250 movers: IP Group drops, PureTech climbs

(Sharecast News) - London's FTSE 250 was down by 0.26% to 19,929.91 in afternoon trading on Thursday, with IP Group leading the index lower.

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9 Aug 2019 09:36

BROKER RATINGS SUMMARY: Alphavalue Cuts Shell To Add From Buy

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:----------FTSE 100----------ALPHAVALUE CUTS ROYAL TO -

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1 Aug 2019 11:49

Vivo Energy Hikes Interim Payout As Results Rise On Volumes Boost

(Alliance News) - Oil & lubricants retailer Vivo Energy PLC hiked its interim dividend Thursday after profit and revenue rose in a "resilient" performance with rising volumes the six

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25 Jul 2019 16:05

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8 Jul 2019 16:52

LONDON MARKET CLOSE: Caution Prevails As Market Mulls Over US Jobs

(Alliance News) - London stocks started the new week on a cautious note after Friday's US jobs report, with traders now anticipating milder easing action from the Federal Reserve. Ocado Group

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20 Jun 2019 09:45

Vivo Energy enters partnership to expand KFC's Africa footprint

(Sharecast News) - Africa-focussed Shell and Engen-branded fuel and lubricant retailer Vivo Energy has agreed to form a non-fuel joint venture to accelerate the roll-out of KFC restaurants in Kenya, Uganda and Rwanda, it announced on Thursday.

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12 Jun 2019 15:05

FTSE 250 movers: Amigo slides, gold miners sparkle

(Sharecast News) - London's FTSE 250 was 0.53% lower at 19,223.25 in afternoon trading on Wednesday, as Amigo Holdings led the index lower.

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16 May 2019 15:03

FTSE 250 movers: Sophos surges, Just Group slides

(Sharecast News) - London's FTSE 250 was up 0.59% at 19,484.51 in afternoon trade on Thursday, with Sophos leading the index upward.

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7 May 2019 07:16

Vivo Energy Q1 volumes up 7% as Energean provides boost

(Sharecast News) - Pan-African lubricant and fuel maker Vivo Energy said first quarter volumes rose 7% to 2.4bn litres due to good underlying growth in its existing Shell-branded markets, a contribution from new Engen-branded markets and additional sites in Kenya.

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30 Apr 2019 16:02

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29 Mar 2019 15:11

FTSE 250 movers: Plus500 climbs, TalkTalk dialed down

(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.

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