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FTSE 250 movers: Momentum stocks under selling pressure

Mon, 07th Apr 2014 15:52

Ocado, Rightmove and PayPoint were registering heavy losses on Monday as technology-focused stocks bore the brunt of the wider market sell-off. UK markets were following last week's trend in the States where high growth, 'momentum shares' fell sharply as investors booked profits after the recent surge.Chip designer Imagination Technologies and consumer electronics component firm CSR were also trading firmly lower.Similarly, housing stocks were also under pressure after rising strongly after the last year with Redrow, Bovis Homes, Taylor Wimpey and Berkeley Group among the worst performers. A report by HomeOwners' Alliance raised concerns today about the recent rapid rise in house prices across the UK. The group said that more people now think house prices are a "very serious issue".Engineering group Kentz rose after winning a large follow-on contract for work on a major liquid natural gas facility in Australia. The electrical and instrumentation construction contract is worth A$615 (£344m) over a duration of 30 months, with work beginning in August. FTSE 250 - RisersSoco International (SIA) 409.60p +3.38%Tullett Prebon (TLPR) 292.70p +2.20%Premier Oil (PMO) 315.20p +2.11%Centamin (DI) (CEY) 54.50p +2.06%Laird (LRD) 322.20p +1.74%Lancashire Holdings Limited (LRE) 674.50p +1.66%Kentz Corporation Ltd. (KENZ) 767.50p +1.39%Barr (A.G.) (BAG) 635.50p +1.36%Hansteen Holdings (HSTN) 110.90p +1.28%Savills (SVS) 662.50p +1.07%FTSE 250 - FallersOcado Group (OCDO) 424.10p -6.21%Imagination Technologies Group (IMG) 202.30p -5.78%Evraz (EVR) 75.80p -5.13%Redrow (RDW) 304.00p -3.92%Bovis Homes Group (BVS) 852.50p -3.73%Taylor Wimpey (TW.) 114.20p -3.22%Berkeley Group Holdings (The) (BKG) 2,500.00p -3.14%Rightmove (RMV) 2,475.00p -3.13%PayPoint (PAY) 1,158.00p -2.93%CSR (CSR) 670.00p -2.90%BC
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2 Jan 2020 07:37

Apple inks licensing deal with Imagination Technologies

(Sharecast News) - Apple has inked a new supply deal with Imagination Technologies for its graphics processing units.

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19 Mar 2018 15:03

Total renewables unit targets Africa's power-starved mining sector

By Joe Bavier ABIDJAN, March 19 (Reuters) - Total's renewable energy unit said on Monday it had opened the world's largest solar-thermal hybrid plant in the of

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12 Mar 2018 14:35

CANADA STOCKS-Toronto stocks edge up, following global markets higher

March 12 (Reuters) - Canada's main stock index rose modestly on Monday, buoyed by improved risk appetite in global markets but declines in energy shares and gold producers

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9 Mar 2018 21:24

UPDATE 1-CANADA STOCKS-TSX ends higher alongside global stocks, oil, metals

By Nichola Saminather TORONTO, March 9 (Reuters) - Canada's main stock index closed higher on Friday, lifted by strong gains in oil and metals

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7 Dec 2016 09:55

Imagination Technologies boosted by Numis upgrade

(ShareCast News) - Imagination Technologies Group gained as Numis raised its rating on the stock to 'buy' from 'add' and lifted the target price to 310p from 280p following better-than-expected results. The chip maker on Tuesday reported royalty revenues rose 6% and licensing revenues increased 7% i

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7 Dec 2016 09:33

BROKER RATINGS SUMMARY: Credit Suisse Raises Rio Tinto And Cuts BHP

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6 Dec 2016 08:17

Peter Hill to chair Imagination Technologies

(ShareCast News) - Multimedia, processor and communications technology company Imagination Technologies Group announced on Tuesday it has appointed Peter Hill CBE as non-executive chairman with effect from 1 February 2017, with him joining the board on 1 January. The London-listed firm said Peter is

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29 Sep 2016 11:56

Broker tips: Imagination Technologies, Babcock, Sainsbury's

(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt

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29 Sep 2016 10:31

Numis cuts rating on Imagination Technologies to 'add' from 'buy'

(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt

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29 Sep 2016 08:27

Imagination Technologies sells Pure digital radio business for £2.6m

(ShareCast News) - Imagination Technologies said trading in the first quarter continues to be in line with the board's expectations and announced an agreement to sell its Pure digital radio business to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt. The company said the deal also

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12 Aug 2016 08:29

BROKER RATINGS SUMMARY: Merrill Lynch Upgrades Tullow Oil To Buy

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10 Aug 2016 10:11

Wednesday broker round-up

(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with

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10 Aug 2016 08:35

BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold

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18 Jul 2016 15:55

LONDON MARKET CLOSE: Stocks Given Helping Hand From ARM Takeover

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18 Jul 2016 09:38

WINNERS & LOSERS SUMMARY: ARM Takeover Also Lifts Imagination Shares

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