Sector movers: Engineering, oilfield service companies keep London market in the green
23rd Jun 2015 16:32
Industrial engineering and oilfield services stocks kept the London market in positive territory on Tuesday as fears of Greece defaulting on its debt appeared to be receding. At 1545 BST, the blue chip FTSE 100 was trading up 0.34% or 23.22 points at 6,848.890 as the headline Markit/HSBC Chinese man
Read moreFTSE 250 movers: Betfair hit by downgrade, oil and energy stocks higher
5th Jun 2015 12:58
Mid-caps were under pressure on Friday, following news that OPEC would not curb oil production and that Greece had opted to defer payment on €300m owed to the International Monetary Fund until Friday. Sector-wise gains made by oil, energy and mining stock were eradicated by weakness in telecommunica
Read moreFTSE 250 movers: AO World plunges, oil and energy stocks higher
2nd Jun 2015 14:01
Mid caps outperformed the FTSE 100 on Tuesday, as miners, engineers and telecommunications offset weakness in real estate and utilities stocks. As of 15:30 BST, the FTSE 250 was trading 0.06% higher at 18,231.5. AO World plunged as the online white goods retailer's final results revealed a £2.9m lo
Read moreFTSE 250 movers: bwin rockets on m&a proposals, miners and oil stocks plunge
15th May 2015 12:30
The FTSE 250 closed higher on Friday, boosted by a calmer bond market and favourable British construction data, which offset weaker commodities market. Sector-wise, base metals and oil provided the biggest drag, while retail and real estate offered a welcomed boost. The index closed 85.65 points hig
Read moreFTSE 250 movers: Supergroup soars on RBC upgrade, Lonmin lower after Exane downgrade
27th Apr 2015 13:43
SuperGroup was trading higher as RBC Capital Markets raised its rating on the clothing chain. The broker, which hiked its recommendation to 'outperform' from 'sector perform', also increased its price target to 1,150p on high hopes for the newly appointed management team. Vedanta Resources was boost
Read moreFTSE 250 movers: Miners lower, WH Smith continues higher on franchise partner offers
17th Apr 2015 13:33
Mining stocks were trading lower, a result of widespread fluctuation in metal prices and Credit Suisse revealing that industrial metals performed poorly in March. Evraz, Vedanta Resources and Petra Diamonds were all in the red. Serco Group dipped as Fitch Ratings warned that the general election wou
Read moreHunting warns profits down 60% in first quarter as oil industry cuts back
15th Apr 2015 07:02
Oil industry services group operating profits were approximately 60% lower during the first quarter of 2015 compared to the same period last year. The FTSE 250 group has cut employee levels 20% since the beginning of the year to cut costs as US oil inventory growth and rig count decline has slowed.
Read moreFTSE 250 movers: Tullow Oil surges on upgrade, Poundland higher on strong annual sales
14th Apr 2015 14:05
Tullow Oil's topped the risers after Citigroup raised its rating on the stock from 'neutral' to 'buy', saying that the oil group's portfolio quality was "undervalued" by the market. Poundland was making gains after a trading update showed the discount retailer had topped a billion pounds of annual s
Read moreFTSE 250 movers: Oil stocks higher as Saudi Arabia boosts prices
7th Apr 2015 16:53
Oil stocks were in demand on Tuesday as traders played catch-up with gains in crude futures over the last few days. During the weekend Saudi Arabia increased its official price for Asian oil buyers, which markets interpreted as a sign of improving demand. The battered shares prices of energy and exp
Read moreSector Movers: Mining, oil stocks recover from pre-Easter slump
7th Apr 2015 12:51
Natural resources shares led the London market with mining companies reversing pre-Easter declines in the first day of trading after the festive period. At 15:55 BST on Tuesday, the FTSE 100 was trading up 1.93% or 131.79 points at 6965.25. Mining companies lifted the market, being among the best pe
Read moreHunting completes EA Gibson sale for $3.7m
31st Mar 2015 13:38
Hunting has completed the sale of the ship broker Gibson for $3.7m on Tuesday, meaning it is now focused solely on providing services to the energy sector. The energy services provider sold EA Gibson Holdings Limited, a holding company which is owned by Gibsons Employee Trustee Limited, an employee
Read moreFTSE 250 movers: Al Noor Hospitals hit by downgrade, energy stocks lower
30th Mar 2015 13:33
Al Noor Hospitals Group led the fallers as Numis Securities cut its rating from 'add' to 'hold', arguing that the consensus for the company's margins is too high. Energy stocks Hunting, Lonmin, Nostrum Oil & Gas and Infinis Energy were in the red as oil prices lost gains made in the wake of politica
Read moreFriday broker round-up
27th Mar 2015 16:29
Aviva: Jefferies reiterates buy and ups target to 630p from 608p. RBS: UBS keeps at neutral and trims target to 375p from 386p. ITV: Exane reiterates add and lifts target to 288p from 267p. Wolseley: Exane reiterates underperform and lowers target to 2,660p from 2,730p. Hunting: JP Morgan Cazenov
Read moreFTSE 250 movers: Balfour higher on cost saving pledge, miners and oil stocks lower
25th Mar 2015 13:55
Shares in UK construction firm Balfour Beatty rose as it pledged to implement cost saving measures after reporting deep losses last year which forced it to suspend its dividend. Housebuilder Bellway surged as profits jumped to a record high in the first six months of its financial year, prompting th
Read moreFTSE 250 movers: Centamin surges on strong dividend, energy stocks higher
23rd Mar 2015 12:52
Profits at gold miner Centamin more than halved in 2014, as higher production was offset by increased output costs and lower commodity prices, yet the stock surged after the company's maiden dividend smashed analysts' expectations on the back of stronger cash generation. Other miners were also tradi
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