FTSE 250 movers: AO World surges but energy-related stocks slump on oil price
7th Dec 2015 14:00
(ShareCast News) - London's FTSE 250 was up 0.3% to 17,417.09 at 1430 GMT, tracking broader gains as equity markets recouped last week's losses. Shares in AO World surged on Monday after the online electrical appliance retailer said fund manager Ruane, Cunniff & Goldfarb has taken a 5% stake in the
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreHunting to be hit by slower capex recovery at clients, Canaccord says
5th Nov 2015 13:18
(ShareCast News) - A slow recovery in capital spending by the oil field services majors will have a greater than expected impact on Hunting´s ability to rely on them to drive a pick-up in its pricing, hitting its margins hard in the medium-term and wreaking havoc on its earnings per share, analysts
Read moreFTSE 250 movers: Oil bounce and Drax retrofit news fire mid-caps
4th Nov 2015 14:07
(ShareCast News) - After a strong start on Wednesday, the FTSE 250 lost momentum but by mid-afternoon was still in positive territory, helped by an oil price bounce. Lifted by a 40-point rise in crude oil, due to a strike in Brazil that is estimated to have put a 25% dent into Brazilian production,
Read moreHunting expects full year profit to plummet 90%
3rd Nov 2015 08:36
(ShareCast News) - Hunting said it believe its full year profit will drop by around 90% due to weak market conditions. The FTSE 250 energy services group issued a trading update on Tuesday covering its performance since 27 August. It said trading during the third quarter remained subdued as the glo
Read moreFTSE 250 movers: Oil companies and oilfield services on the slide
19th Oct 2015 14:52
(ShareCast News) - The FTSE 250 crawled back into positive territory on Monday afternoon after the UK mid-cap lost momentum from its early spike. By 1550 BST the index was up 0.12% at 16,913.29, helped along by the steady climbing of Pace despite the set-top box maker's £1.4bn proposed merger with U
Read moreHunting under pressure as JPMorgan downgrades to 'underweight'
17th Sep 2015 10:12
(ShareCast News) - JPMorgan Cazenove downgraded Hunting to 'underweight' from 'neutral' and slashed its price target to 338p from 518p. It said Hunting has been positioning itself for a recovery in US market activity. However, JPM reckons 2016 will see another year of capex cuts and now anticipates
Read moreFTSE 250 movers: Entertainment One leads risers on stake sale
16th Sep 2015 13:55
(ShareCast News) - The FTSE 250 was up slightly with the index of mid-cap, 80 points, or 0.48% higher at 17,042. Leading the risers was Entertainment One, up 7% on news Marwyn Value Investors has sold its last remaining stake in the film and television distributor and said it will return part of the
Read moreFTSE 250 movers: Oil services stocks gush, Stagecoach hit by living wage warning
15th Sep 2015 16:22
(ShareCast News) - After hitting a six-day low in early trade, the FTSE 250 index closed the session in positive territory on the back of mining and oil & gas sector gains. Vicissitudinous platinum miner Lonmin topped the mid-cap index for the second day as platinum, which is closely linked to the c
Read moreHunting swings to interim loss as oil industry slowdown bites
27th Aug 2015 09:35
(ShareCast News) - Oil service group Hunting swung to a pre-tax loss as the reduced activity in the oil and gas sector weighed heavily on revenue. The London-listed company posted a first half loss of $65.8m compared with a profit of $68.9m in the corresponding period the year before, as revenue plu
Read moreFTSE 250 movers: M&A lights fire under oil equipment stocks
26th Aug 2015 16:46
(ShareCast News) - Shares in Paddy Power and Betfair surged on Wednesday as they announced they have agreed in principle to a possible merger that would create one of the world's largest public online betting and gaming companies by revenue. OneSavings Bank reported a sharp jump in profitability, wi
Read moreFTSE 250 movers: Falling mining and oil stocks outweigh rising housebuilders
6th Jul 2015 16:09
London's second-tier index was registering losses on Monday in the aftermath of the Greek referendum, with decent gains in the housebuilding sector offset by falls from mining and oil stocks. Diversified mining group Vedanta Resources was a heavy faller on the FTSE 250, dropping over 7%, as an avers
Read moreFTSE 250 movers: Auto Trader Group surges on broker intitiation, energy stocks lower
3rd Jul 2015 13:35
Mid-caps edged lower on Friday, with weakness in the oil, mining and telecommunications sectors providing a drag on the market. As of 15:15 BST, the FTSE 250 was trading 0.4% lower at 17,595. Auto Trader Group led the risers as Exane BNP Paribas initiated coverage with an 'outperform' rating, citing
Read moreFTSE 250 movers: Jimmy Choo boosted by Barclays coverage, Synthomer lower on disappointing profits
2nd Jul 2015 13:15
Mid-caps were trading slightly higher on Thursday, though weakness in the industrial metals, transport and technology provided a drag on gains. As of 16:00 BST, the FTSE 250 was trading 0.2% higher at 17,674. Jimmy Choo was trading higher after Barclays initiated coverage on the stock with an 'over
Read moreHunting slumps after profit warning
2nd Jul 2015 07:22
Hunting slumped 5% on Thursday after saying that declines in the oil and gas market in the second quarter, which had been expected, resulted in a 76% drop in profit from operations in the first five months of the year compared with 2014, and warning that the outlook remains unclear. In a trading upd
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