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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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28 Jun 2019 07:40

LONDON MARKET PRE-OPEN: Lego Buys Merlin; Woodford Asks For Patience

(Alliance News) - Stocks in London are set for a lower open as the G20 Summit kicked off Friday with investors eagerly awaiting the much anticipated meeting between US President Donald Trump and a

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27 Jun 2019 15:39

Woodford Investment Sells Shares In BCA, Lowers Support For TDR Offer

(Alliance News) - Woodford Investment Management Ltd said Thursday it has sold 51.6 million shares in BCA Marketplace PLC for 241.5 pence per share, or GBP124.6 million in total, in a deal on this

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20 Jun 2019 15:24

Woodford Cuts Stake In Oakley Capital, Brave Bison To Less Than 5%

(Alliance News) - Oakley Capital Investments Ltd said Thursday that embattled fund manager Woodford Investment Management Ltd has cut its stake in the company to less than 5% from 7.3% on a Barwon

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19 Jun 2019 18:29

Woodford Investment Cuts Stake In NewRiver REIT, Horizon Discovery

(Alliance News) - NewRiver REIT PLC said embattled fund manager Woodford Investment Management Ltd has cut stake in the company to 12.8% from 14.9% on Tuesday.Separately, Horizon Discovery

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18 Jun 2019 16:07

FCA launches investigation into Woodford fund

(Sharecast News) - The Financial Conduct Authority has opened an investigation into the events leading up to the suspension of one-time star stock-picker Neil Woodford's flagship equity income fund.

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18 Jun 2019 10:27

Woodford Raises Further GBP84 Million From London Stake Sales (ALLISS)

(Alliance News) - After a raft of London share sales in early June, Neil Woodford's Woodford Investment Management slowed its rate of listed-company disposals over the past Investment manages

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18 Jun 2019 09:48

Oakley Capital Directors Step In To Buy As Woodford Sells 12% Stake (ALLISS)

(Alliance News) - Oakley Capital Investments Ltd on Tuesday said Woodford Investment Management Ltd reduced its stake to 7.35% from 19.39% as under-pressure fund manager Neil Woodford continues to

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12 Jun 2019 06:59

PRESS: Woodford Patient Capital Trust Mulls Removal Of Fund Manager

(Alliance News) - Woodford Patient Capital Trust PLC has held discussions with broker Winterflood Securities over terminating its contract with fund manager Neil Woodford, the Financial Times on a

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11 Jun 2019 17:01

LONDON MARKET CLOSE: FTSE Continues Racking Up Gains As Miners Rally

(Alliance News) - Miners and a well-received set of annual results from hazard detection firm Halma helped the FTSE 100 continue its recent winning streak on Tuesday, though the blue-chip index by

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10 Jun 2019 17:12

LONDON MARKET CLOSE: FTSE Climbs As Pound Slides On Weak UK GDP Data

LONDON (Alliance News) - London stocks started the week on firm footing amid a lessening of US-Mexico trade fears, with the FTSE 100 further boosted on Monday by a poor session for the pound on UK

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10 Jun 2019 15:47

Woodford Funds To Only Publish Top Holdings During Suspension

LONDON (Alliance News) - Fund manager Neil Woodford said Monday he will no longer allow investors to see the complete holdings of his three flagship funds.Woodford Investment manages three

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10 Jun 2019 13:33

Woodford Raises GBP500 Million From Flurry Of London Share Sales (ALLISS)

LONDON (Alliance News) - Over the past week, fund manager Neil Woodford's Woodford Investment Management has conducted a fire sale of its stakes in 20 London-listed companies - raising in of -

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10 Jun 2019 12:08

LONDON MARKET MIDDAY: US-Mexico Deal Lifts Mood; Pound Dips On UK Data

LONDON (Alliance News) - As fears over another US trade war front receded with a deal agreed between the world's largest economy and Mexico, risk appetite boosted London stocks on Monday.In to

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10 Jun 2019 10:34

WINNERS & LOSERS SUMMARY: MJ Gleeson Sinks As CEO Harrison Departs

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 2.4%, Anglo American up a

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