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FTSE 250 movers: Evraz lifted by sale completion, rising metal prices

Fri, 04th Apr 2014 15:26

Evraz was a strong riser after announcing that it has finalised the sale of its wholly-owned subsidiary Evraz Vitkovice Steel (EVS) to a group of investors for a gross consideration of 89m dollars. Rising metal prices also provided a lift. Man Group was given a leg up by JP Morgan after it moved its target price from 86p to 96p. Meanwhile, as on the top tier, retailers including SuperGroup and Dixons Retail were lower despite research from Deloitte saying that the High Street has showed "great resilience" since the financial crisis.First Group shares dropped after Deutsche Bank lowered its target price from 128p to 125p and reiterated a 'hold' recommendation.Booker retreated after yesterday underwhelming with a 1.9% rise in like-for-like sales for the latest quarter. FTSE 250 - RisersOxford Instruments (OXIG) 1,428.00p +6.01%Perform Group (PER) 260.10p +5.30%Evraz (EVR) 79.75p +4.93%Man Group (EMG) 106.80p +4.81%Polymetal International (POLY) 631.50p +4.38%Premier Oil (PMO) 308.70p +3.69%ICAP (IAP) 404.40p +3.69%Laird (LRD) 315.10p +3.38%Wood Group (John) (WG.) 786.50p +3.35%Hiscox Ltd (CDI) (HSX) 698.50p +3.25%FTSE 250 - FallersBig Yellow Group (BYG) 538.50p -2.71%Supergroup (SGP) 1,610.00p -2.48%Savills (SVS) 655.50p -2.38%Booker Group (BOK) 157.70p -2.29%FirstGroup (FGP) 132.00p -1.86%Dixons Retail (DXNS) 49.46p -1.77%Ocado Group (OCDO) 452.40p -1.67%Fisher (James) & Sons (FSJ) 1,450.00p -1.63%CSR (CSR) 700.00p -1.41%Rightmove (RMV) 2,575.00p -1.34%NR
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16 Jan 2014 08:59

Thursday broker round-up UPDATE

Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell

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16 Jan 2014 08:30

London open: Stocks pause at eight-month high after mixed updates

- Aberdeen drops as AuM fall three per cent - Retailers mixed as companies report festive sales - Mining stocks broadly higher, BHP Billiton upgraded techMARK 2,841.00 +0.01% FTSE 100 6,821.68 +0.03% FTSE 250 16,275.67 -0.11% Mixed corporate results weighed on UK markets on Thursday morning, as th

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16 Jan 2014 08:21

UK MORNING BRIEFING: Shares Down; Sports Direct Ups Interest In Debenhams

LONDON (Alliance News) - UK shares have opened mostly lower Thursday despite a strong lead from the US, as investors digest a rush of UK company announcements.

In another surprise from Mike Ashley, Sports Direct International said it has sold its 4.6% stake in Read more

16 Jan 2014 07:47

Dixons Retail LFL Sales Rise

LONDON (Alliance News) - Electricals retailer Dixons Retail PLC, in its trading update for the period from Nov. 1 to Jan. 4, posted like-for-like sales growth of 3%, marking second consecutive year of strong growth over the Christmas period. In UK & Ireland, like-for-like sales were up 5%,

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16 Jan 2014 07:42

UPDATE 1-Dixons posts rise in Christmas sales as wins market share

LONDON, Jan 16 (Reuters) - Dixons Retail, Europe's No. 2 electricals retailer, posted a rise in sales in the key Christmas trading period, gaining market share from rivals, though it cautioned that growth would slow. "We have some very strong comparables in the fourth quarter and, with a la

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16 Jan 2014 07:32

MARKET COMMENT: UK Stocks To Open Marginally Higher, Inflation In Focus

LONDON (Alliance News) - UK shares are set to open cautiously Thursday after US markets made further gains Wednesday, with the S&P 500 posting another record close. Global inflation will be in focus throughout the day, with CPI data due from Europe and the US. Spredbetters are calling the F

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16 Jan 2014 07:14

Dixons posts rise in Christmas sales as wins market share

LONDON, Jan 16 (Reuters) - Dixons Retail, Europe's No. 2 electricals retailer, posted a rise in sales in the key Christmas trading period, gaining market share from rivals. The group, home to the Currys and PC World chains in Britain, Elkjop in Nordic countries and Kotsovolos in Greece, sai

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16 Jan 2014 06:19

UK Earnings, Trading Statements Calendar - Week Ahead

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15 Jan 2014 16:51

MARKET COMMENT: Equity Markets Rally As World Bank Raises Global Growth Forecast

LONDON (Alliance News) - UK stocks have rallied Wednesday, with the FTSE 100 outperforming its smaller peers, peaking at almost an 8-month high, as major equity markets around the global rise, following an increase to the global-growth forecast by the World Bank. Meanwhile the dollar has broadly

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15 Jan 2014 15:35

Investors bet on further gloom for UK retailers - Markit data

* Short interest in UK sector up 6.6 pct in a week - Markit * Morrison, Sainsbury among targets after Xmas updates * Some investors bet on disappointments from Dixon, Ocado By Francesco Canepa LONDON, Jan 15 (Reuters) - Speculative sellers are targeting shares in British r

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15 Jan 2014 06:26

UK Earnings, Trading Statements Calendar - Week Ahead

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14 Jan 2014 16:02

UK Earnings, Trading Statements Calendar - Week Ahead

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13 Jan 2014 07:29

London pre-open: FTSE to begin week with a slow start

City sources predict the FTSE 100 will open 13 points higher than Friday's close of 6,739.94, as investors weigh up last week's US jobs data and a mixed performance by Asia stocks overnight.   According to Craig Erlam from Alpari, the fact stocks are set to move higher early on "suggests that we're

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10 Jan 2014 13:11

Christmas on the UK high street: late, and heavily discounted

By James Davey LONDON, Jan 10 (Reuters) - Rampant discounting dominated Christmas retail trade last year - but the clear winners were those who held out against price cutting and had both high-street and online stores to benefit from the last-minute surge in trade. "December 2013 was

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3 Jan 2014 16:57

London close: FTSE 100 gains as Next lifts retailers higher

- UK construction, mortgage data beats forecasts - UK house prices continue to rise, business lending falters - China service-sector data disappoints - Retailers rise as Next lifts guidance after Christmas techMARK 2,788.64 +0.59% FTSE 100 6,730.67 +0.19% FTSE 250 16,020.47 +0.64% UK markets push

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