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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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2 Sep 2019 09:58

Circassia Boss Harris To Step Down As Director Of Woodford Patient

(Alliance News) - Woodford Patient Capital Trust PLC on Monday said Steven Harris, co-founder & chief executive officer of Circassia Pharmaceuticals PLC, intends to step down as a director at

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2 Sep 2019 08:54

LONDON MARKET OPEN: Pound Struggles Amid Brexit Trouble; Stocks Higher

(Alliance News) - Stocks in London were higher early Monday but the pound continued to struggle amid the ongoing battle between UK Prime Minister Boris Johnson and his own Conservative party over

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2 Sep 2019 07:49

LONDON MARKET PRE-OPEN: AstraZeneca Heart Trials See Positive Results

(Alliance News) - Stocks in London were set for to open slightly higher Monday, after a slew of tariffs imposed by the US government on Chinese goods came into effect on Sunday but no new blow-ups

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27 Aug 2019 15:01

FTSE 250 movers: Provident Financial climbs, TI Fluid spills lower

(Sharecast News) - London's FTSE 250 was up 0.48% at 19,327.76 in afternoon trading on Tuesday, with Provident Financial leading the index higher.

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23 Aug 2019 10:31

WINNERS & LOSERS SUMMARY: Adept4 Surges On Potential Acquisition

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 250 - WINNERS----------Entertainment

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23 Aug 2019 09:03

CORRECT: Woodford Patient Capital Trust To Take NAV Hit

(Correcting that the company will make an announcement on Tuesday and not Monday as was originally stated.)(Alliance News) - Woodford Patient Capital Trust PLC on Friday noted that Link the

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23 Aug 2019 08:35

Woodford Patient Capital Trust shares plunge after NAV cut

(Sharecast News) - Shares in one of Neil Woodford's main funds plunged on Friday after it was forced to cut the value of one of its investments in startup company Industrial Heat.

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23 Aug 2019 07:55

Woodford Patient Capital Trust To Take NAV Hit From Reduced Valuation

(Alliance News) - Woodford Patient Capital Trust PLC on Friday noted that Link Fund Solutions Ltd, which values the portfolio of the trust, will reduce the valuation of its holding in IH Holdings

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29 Jul 2019 09:05

Woodford Patient Capital Trust Eyes Replacing Neil Woodford As Manager

(Alliance News) - Woodford Patient Capital Trust PLC on Monday said it is considering whether or not to replace Neil Woodford as its portfolio manager, after the star fund manager suspended from

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19 Jul 2019 14:34

Woodford Investment Cuts Stake In Crystal Amber In Latest Disposal

(Alliance News) - Crystal Amber Fund Ltd said Friday that Neil Woodford's troubled Woodford Investment Management Ltd has cut its stake in the company to below 5%, in a deal on Wednesday's

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3 Jul 2019 17:49

PRESS: Woodford To Cut Jobs Amid Suspension Of Flagship Fund

(Alliance News) - Woodford Investment Management has informed its staff that a "handful" of roles are currently under review, Reuters reported on Wednesday."We have entered a

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2 Jul 2019 10:17

Woodford Investment Management Cuts Stake In Benchmark Holdings

(Alliance News) - Woodford Investment Management Ltd has slashed its stake in Benchmark Holdings PLC by at least 7%, the aquaculture firm said Tuesday.In a transaction carried out on Friday

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2 Jul 2019 06:58

Woodford Equity Income Fund Suspended Until Repositioning Complete

(Alliance News) - Neil Woodford's LF Equity Income Fund will remain suspended for at least another month, it was announced on Monday.The fund's corporate director, Link Fund Ltd, as

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28 Jun 2019 09:55

TOP NEWS: Woodford Patient Capital Signals Independence From Manager

(Alliance News) - Woodford Patient Capital Trust PLC on Friday issued an update, telling shareholders it is "building on some of the immediate measures" amid the fallout from its sister

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28 Jun 2019 08:51

LONDON MARKET OPEN: Housebuilders And Merlin Push FTSE Indices Higher

(Alliance News) - Stocks in London were mixed Friday morning but the FTSE indices were enjoying a boost from housebuilders and Merlin's takeover offer from Lego.The G20 Summit kicked off with

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