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FTSE 250 movers: Dixons dips, PZ Cussons bubbles up

Mon, 24th Jun 2019 15:06

(Sharecast News) - London's FTSE 250 edged 0.02% lower to 19,321.05 in afternoon trade on Monday, as Dixons Carphone was under the cosh yet again following a profit warning last week. The electronics retailer topped the fallers after analysts at Goldman cut the stock's price target from 148p to 130p after Dixons warned last week that an evolving UK mobile market will further hurt results in the new 2020 financial year.PPHE Hotel Group was also down on its first day of trading on the FTSE 250 index, while Bank of Georgia dropped amid fears of instability in the Eastern European nation after its capital endured a fourth night of protests with a coalition of opposition parties demanding the interior minister's resignation amid talk of early parliamentary elections.PZ Cussons was the biggest riser, with stock in Entertainment One also climbing after analysts at Berenberg initiated coverage on shares of the Canadian distribution and production firm at 'buy' with a 475p target price, noting that revenue remained strong despite disruption from the rise of subscription services such as Netflix and Spotify."Even excluding Apple, Google and Facebook, content spending in the US will be over $110bn in 2019 versus $95bn in 2018. While we do not know who will win the SVOD race, we do know that they will all need premium content to capture consumers' attention and wallets. We believe that Entertainment One is well positioned to serve that demand," said analysts.Finally, Neil Woodford's troubled Woodford Patient Capital made gains after it sold shares in two unquoted companies in the business' suspended Equity Income fund, raising £100m.Market MoversFTSE 250 (MCX) 19,321.05 -0.02%FTSE 250 - RisersPZ Cussons (PZC) 225.50p 6.12%Renishaw (RSW) 4,118.00p 5.00%Entertainment One Limited (ETO) 394.40p 4.50%Sirius Minerals (SXX) 14.03p 4.16%Woodford Patient Capital Trust (WPCT) 58.71p 3.92%Bakkavor Group (BAKK) 120.80p 3.42%FDM Group (Holdings) (FDM) 948.00p 3.04%Games Workshop Group (GAW) 4,918.00p 2.59%Contour Global (GLO) 180.40p 2.50%Daejan Holdings (DJAN) 5,550.00p 2.40%FTSE 250 - FallersDixons Carphone (DC.) 104.45p -5.77%PPHE Hotel Group Ltd (PPH) 1,780.00p -5.32%Drax Group (DRX) 277.00p -5.14%Dunelm Group (DNLM) 935.00p -4.49%Network International Holdings (NETW) 569.00p -2.90%Weir Group (WEIR) 1,472.00p -2.68%Amigo Holdings (AMGO) 225.50p -2.59%Bank of Georgia Group (BGEO) 1,563.00p -2.56%Galliford Try (GFRD) 625.00p -2.42%Kainos Group (KNOS) 660.00p -2.37%
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4 Nov 2019 09:32

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24 Oct 2019 09:16

Woodford Patient Capital Trust appoints Schroders as portfolio manager

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TOP NEWS: Woodford Patient Capital Appoints Schroders As Manager

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Woodford Investment Holding In Safe Harbour Lower At 20% From 26%

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16 Oct 2019 11:48

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15 Oct 2019 18:28

UPDATE: Woodford IM Hands Portfolio Manager Notice To Woodford Patient

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15 Oct 2019 16:57

LONDON MARKET CLOSE: Pound Surges To Five-Month High On Brexit Hopes

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UK TOP NEWS SUMMARY: Neil Woodford's Flagship Fund Set For Closure

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