FTSE 250 movers: Special dividend hopes boost Fidessa
21st Oct 2015 13:41
(ShareCast News) - After a poor start to the day, the FTSE 250 rebounded to 17,077.60, up 93.57 points (0.55%). Investment management and information services provider Fidessa led the risers after it revealed it expects to announce a further special dividend when it publishes its full year results i
Read moreLondon midday: Equity markets rebound as public finance figures beat forecasts
21st Oct 2015 11:19
(ShareCast News) - UK equity markets on Wednesday rebounded from earlier declines after better-than-expected public finance figures. The UK's headline public borrowing declined from an upwardly revised £11.6bn to £9.4bn in September, compared with analysts' expectations for a £10.1bn reading, accord
Read moreHome Retail issues profit warning on Black Friday uncertainty
21st Oct 2015 08:13
(ShareCast News) - Argos owner Home Retail Group warned its full-year profits will fall short of expectations due to trading uncertainty caused by Black Friday. The FTSE 250 group said its performance in the first half of the year had been "mixed", as a decline in pre-tax profits at Argos offset a r
Read moreFTSE 250 movers: Slump in commodities pulls mining stocks lower
28th Sep 2015 17:02
(ShareCast News) - The FTSE 250 dropped 1.11% at the close, with Kaz Minerals the biggest faller on the London index as commodity prices declined. Shares in Kaz Minerals plunged 26.35%, along with a batch of other miners in the sector as investors digested a drop in metal prices and weak Chinese ind
Read moreFTSE 250 movers: Miners and automotive links hit mid-caps
14th Sep 2015 17:05
(ShareCast News) - Like its larger benchmark counterpart, the FTSE 250 index pared early gains to finish Monday's session in negative territory. By the close, the second-line index was down 0.25% to 16,925.69 points. Platinum miner Lonmin, one of the index's most volatile stocks, was down by more t
Read moreFTSE 250 movers: Polymetal gains but Tullow Oil drops as HSBC slashes target price
10th Sep 2015 14:00
(ShareCast News) - London's FTSE 250 index was on the back foot on Thursday, down 0.6% to 17,051.89 at 1423 BST, tracking wider losses as weak Chinese and Japanese data added to concerns about an economic slowdown, while a strong US jobs report exacerbated fears of a September rate hike by the Feder
Read moreHRG's Argos sales down 2.8%
10th Sep 2015 08:11
(ShareCast News) - Home Retail Group (HRG) said like-for-like sales at Argos fell 2.8% to £897m in the second quarter due to a drop in sales of electrical goods driven by TVs, tablets and white goods. Total Argos sales fell 0.4%. Like for like sales at Homebase grew 5.9% to £378m in the quarter, boo
Read moreFTSE 250 movers: Amlin surges on Sumitomo deal, Home Retail drops on downgrade
8th Sep 2015 14:31
(ShareCast News) - London's mid-cap index was up 1.2% to 17,037.67 on Tuesday, tracking broader gains in the market as investors took comfort from a better-than-expected report on Chinese exports. Shares in Amlin surged after Japan's Mitsui Sumitomo Insurance Company said it has agreed to buy the UK
Read moreHome Retail worst affected by National Living Wage, warns Morgan Stanley
8th Sep 2015 11:58
(ShareCast News) - Home Retail has been downgraded by Morgan Stanley, which slashed its target price for the shares due to concerns about the impact of the UK's new National Living Wage on long-term margins. "We believe the Living Wage announcement represents one of the biggest new structural challe
Read moreBroker tips: Regus, Home Retail, Close Brothers
25th Aug 2015 16:25
(ShareCast News) - Analysts at Investec upped their rating for Regus from 'hold' to 'buy' after the office space provider more than doubled its interim pre-tax profit. Shares in Regus were up by 8.43% to 271.20p at 1507 BST after the office provider said return on investment had improved to 23.1% fr
Read moreFTSE 250 movers: Vedanta surges but Lonmin slumps as platinum prices drop
25th Aug 2015 15:17
(ShareCast News) - London's FTSE 250 was firmly on the front foot on Tuesday, trading up 2.7% at 16,643.57 by 1600 BST, bouncing back from sharp falls in the previous session sparked by worries about a slowdown in China. Vedanta Resources was the standout gainer, rallying sharply as investors steppe
Read moreHome Retail drops on Barclays downgrade
25th Aug 2015 14:30
(ShareCast News) - Shares in Home Retail were under pressure after Barclays downgraded the stock to 'underweight' from 'equalweight' and cut the price target to 130p from 175p. The bank's analysis showed that Home should be disproportionately hit by UK wage inflation as a large proportion of its lab
Read moreLondon close: Weak China and US PMIs send FTSE lower
3rd Aug 2015 17:08
(ShareCast News) - Worse-than-expected manufacturing data in the US and China sent the FTSE lower at close on Monday. China's Caixin purchasing managers' index (PMI) on manufacturing activity, which was previously sponsored by HSBC, declined to a two-year low of 47.7 from June's 49.4 on a 100-point
Read moreHome Retail drops on Deutsche Bank downgrade
3rd Aug 2015 12:05
(ShareCast News) - Home Retail Group was under pressure after Deutsche Bank downgraded the stock to 'hold' from 'buy' and cut its price target to 160p from 220p. The bank pointed out that it's been a particularly challenging 2015 for Home shares, which have underperformed the sector. There are thre
Read moreFTSE 250 movers: Home Retail group surges on upgrade, miners lower
30th Jun 2015 13:07
Mid-caps continued to decline on Tuesday, as gains made in the real estate sector were offset by weakness from telecommunications, technology and mining stocks. As of 15:30 BST, the FTSE 250 was trading 0.3% lower at 17,586. Home Retail Group topped the risers after Morgan Stanley upgraded the stoc
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