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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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6 Mar 2019 10:08

Vivo Energy earnings rise as full-year volumes increase

(Sharecast News) - Africa-focussed Shell and Engen fuel retailer Vivo Energy announced a 4% improvement in volumes in its full-year results on Wednesday, to 9.35 billion litres, as its total gross cash unit margin slipped to $73 per thousand litres, from $74 year-on-year.

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6 Mar 2019 08:17

Vivo Energy Annual Profit Rises On Higher Revenue And Volumes

LONDON (Alliance News) - Vivo Energy PLC on Wednesday reported a rise in profit for 2018, on growth in revenue and volumes over the period.Vivo is a downstream petroleum company which sells

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1 Mar 2019 11:11

Vivo Energy enters eight new markets as Engen purchase completes

(Sharecast News) - Vivo Energy announced the completion of its transaction with Engen Holdings on Friday, which added operations in eight new countries, and 230 Engen-branded service stations to Vivo Energy's network.

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1 Mar 2019 07:57

Vivo Energy Completes Deal To Add Operations In Eight New Countries

LONDON (Alliance News) - Vivo Energy PLC said on Friday it has completed its acquisition of Engen Holdings (Pty) Ltd's operations in a number of African countries.In December 2017, Vivo

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27 Feb 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 28 February British American TobaccoFull Year ResultsCRHFull Year Year Insurance

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4 Jan 2019 14:32

FTSE 250 movers: Miners gain ground on China cheer, but Funding Circle drops

(Sharecast News) - London's FTSE 250 was up 1.38% at 17,680.04 in afternoon trade on Friday, underpinned by a strong performance from miners and oilers.

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19 Dec 2018 15:13

FTSE 250 movers: Vivo Energy surges, Kier falls down

(Sharecast News) - London's FTSE 250 was up 0.88% at 17,648.252 in afternoon trade on Wednesday, as Vivo Energy advanced on the back of a strong performance from one of its parent companies.

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4 Dec 2018 14:32

FTSE 250 movers: Ted Baker feels the squeeze while IP Group jumps

(Sharecast News) - London's FTSE 250 was down 0.71% at 18,431.89 in afternoon trade on Tuesday, as hugging controversy continued to dog Ted Baker and IG Group dropped amid new regulatory pressures.

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19 Nov 2018 14:29

FTSE 250 movers: Diploma top of the class as oilers fall

(Sharecast News) - London's FTSE 250 was down 0.57% at 18,694.38 in afternoon trade on Monday, as oil companies dropped amid continuing uncertainty.

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26 Oct 2018 14:45

FTSE 250 movers: Travis Perkins falls apart while Just Group ripens

(Sharecast News) - London's FTSE 250 was down 0.72% to 18,398.42 in afternoon trade on Friday, as the index's tech companies faltered.

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26 Oct 2018 12:16

Friday broker round-up

(Sharecast News) - Polypipe: Numis upgrades to buy with a target price of 450p.

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25 Oct 2018 08:01

Vivo Energy Q3 profits hit by short-term supply disruptions

(Sharecast News) - Vivo Energy on Thursday said third-quarter gross cash profit fell to $167m (£130m) from $171m a year earlier due to short-term supply disruptions in Kenya, Uganda and Ivory Coast.

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25 Oct 2018 07:47

LONDON MARKET PRE-OPEN: Lloyds Banking Loses CFO As BT Gains New CEO

LONDON (Alliance News) - Stock prices in London are set to open lower on Thursday, with dealers becoming even more cautious after US and Asian markets suffered heavy losses overnight.In Lloyds the of

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18 Sep 2018 12:27

Vivo Energy restructures acquisition of Engen holdings in Africa

(Sharecast News) - Vivo Energy has reached an agreement with Engen Holdings to restructure the acquisition of Engen International Holdings Mauritius by its subsidiary Vivo Energy Investments, it announced on Tuesday.

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9 Aug 2018 15:57

Capital Group Holds 5.1% Stake In Vivo Energy After Transaction (ALLISS)

LONDON (Alliance News) - Vivo Energy said Thursday that The Capital Group Cos Inc now holds a 5.1% stake in the company.Capital Group previous holding in the firm, which sells Royal Dutch

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