FTSE 250 movers: Oil prices help market stay mostly in the black
13th Jan 2016 15:23
(ShareCast News) - The FTSE 250 was in the black for most of Wednesday, before a sharp fall late in the afternoon sent it into the red. The second-tier market was down 2.79 points (0.02%) to 16,685.12 under an hour before the market was due to close. Oil and gas producers and service providers were
Read moreFTSE 250 movers: Worsening conditions sees Poundland pounded
7th Jan 2016 14:47
(ShareCast News) - Stocks on the FTSE 250 plunged on Thursday, before recovering somewhat by the afternoon. The second-tier market was down 278.91 points (1.63%) to 16,780.07 by mid-afternoon. Poundland was the market's biggest victim after it said that disastrous trading conditions in November con
Read moreSaudi Arabia to keep up pressure on high-cost producers, oil futures slump
30th Dec 2015 13:25
(ShareCast News) - Saudi Arabia would not let up the pressure on high-cost oil producers in a bid to maintain its share of the market, the country's energy minister said on Wednesday. "We will satisfy the demand of our customers. We no longer limit production. If there is demand, we will respond. We
Read moreFTSE 250 movers: Commodities downturn clobbers midcaps
14th Dec 2015 15:14
(ShareCast News) - The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52. The commodities downturn hit a number of FTSE 250 companies on Monday, with Evraz down over 15% by mid-afternoon. Three-month metal contracts were down, with
Read moreFTSE 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 moreBroker tips: Ophir Energy, Tesco, Sainsbury, Talk Talk
17th Nov 2015 16:35
(ShareCast News) - Ophir Energy surged after Credit Suisse upped its stance on the stock to 'neutral' from 'underperform' and lifted the price target to 100p from 90p following the capital markets day. It said the Fortuna floating liquefied natural gas project in Equatorial Guinea was the features o
Read moreFTSE 250 movers: Kaz Minerals and Ophir Energy help market surge
17th Nov 2015 14:22
(ShareCast News) - The FTSE 250 surged ahead on Tuesday as traders bet that the Paris attacks would not have a lasting effect on global markets. The index sat at 17,041.67 by mid-afternoon, up 197.29 points (1.17%). Kaz Minerals was the market's biggest gainer, after reached an agreement with its p
Read moreOphir Energy shares rise on Credit Suisse upgrade
17th Nov 2015 09:50
(ShareCast News) - Ophir Energy surged after Credit Suisse upped its stance on the stock to 'neutral' from 'underperform' and lifted the price target to 100p from 90p following the capital markets day. It said the Fortuna floating liquefied natural gas project in Equatorial Guinea was the features o
Read moreFTSE 250 movers: TalkTalk's dividend increase helps market rebound
11th Nov 2015 13:40
(ShareCast News) - The FTSE 250 has rebounded after a poor start to the week, with the market in the black by mid-afternon Wednesday at 17,097.44, up 57.62 points (0.34%). TalkTalk led the market after it surprised all by lifting its interim dividend, as it estimated the one-off financial impact of
Read moreOphir Energy shortlists buyers for Fortuna FLNG project
11th Nov 2015 08:48
(ShareCast News) - Ophir Energy has finalised commercial terms for LNG offtake from the Fortuna FLNG Project. The FTSE 250 oil and gas exploration company released an update about the project on Wednesday. It said it is now in the process of signing heads of agreement with a shortlisted group of co
Read moreFTSE 250 movers: Serco and Petra lift mid-caps
2nd Nov 2015 14:50
(ShareCast News) - Recovering from an initial lurch lower, the FTSE 250 index scrambled higher over the course of Monday's session, helped by optimism in some mining investors. Serco was top riser among London's mid-caps, however, as the outsourcing group was boosted by RBC Capital Markets upgrading
Read moreOphir Energy plugs and abandons Soy Siam prospect well
2nd Nov 2015 08:17
(ShareCast News) - Ophir Energy has plugged and abandoned the G4/50-10 exploration well that was testing the Soy Siam prospect in Thailand after all reservoirs were dry and no hydrocarbon shows were encountered. The company noted that preliminary well analysis had suggested the structure had no acce
Read moreFTSE 250 movers: Miners and energy stocks rally; Wizz Air crashes
7th Oct 2015 13:46
(ShareCast News) - London's FTSE 250 index was down 0.2% at 17,101.89 just after 1400 BST, underperforming the broader market. Miners were firmly on the front foot as metals prices advanced and the sector got a boost from an upbeat note by Morgan Stanley. The bank upgraded its stance on the European
Read moreCredit Suisse sees slow recovery in oil, cuts targets
9th Sep 2015 09:06
(ShareCast News) - Demand for oil will recover as will prices, but more slowly and from a lower base, creating a challenge for European exploration and production companies, according to new research from Credit Suisse. "A prolonged downturn as we now envision creates greater challenges to the Europ
Read moreFTSE 250 movers: Cineworld leads risers while Ophir tumbles
13th Aug 2015 14:04
(ShareCast News) - London's FTSE 250 was up slightly by Thursday afternoon as the markets cooled after the People's Bank of China said it would stop fiddling with the yuan. The index was up by 0.65% at 17550.78 at 1407 BST. Leading the risers was Cineworld Group, which reported a revenue rise off s
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