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FTSE 250 movers: Betfair hit by downgrade, oil and energy stocks higher

Fri, 05th 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 telecommunications, real estate and retail stocks.As of 16:30 BST, the FTSE 250 was trading 0.85% lower to 17,937 points.Oil and energy stocks including Premier Farnell, Riverstone Energy, Infinis Energy and Hunting surged despite OPEC deciding not to cut oil production at its meeting on Friday. Oil futures were also higher across the board.Betfair Group dipped as analysts at Numis Securities downgraded their rating on the stock to "sell", although the broker also increased its price target from 1,620p to 2,100p.Halfords was boosted as it posted record annual sales topping £1bn, driven by higher demand for bikes. The group hit its revenue target 12 months early following a three year turnaround programme to upgrade its stores and expand its product ranges.Poundland was making gains as The Capital Group Companies lifted its stake in the discount retailer to 4.77% from less than 4%.Allied Minds rose as Kevin Sharer, former chairman and chief executive officer of Amgen joined the board as a non-executive director.RisersInfinis Energy (INFI) 188.00p +2.96%Hunting (HTG) 633.00p +2.93%Evraz (EVR) 161.80p +2.80%Telecom Plus (TEP) 830.00p +2.28%Thomas Cook Group (TCG) 146.80p +2.16%Premier Farnell (PFL) 195.50p +2.14%BlackRock World Mining Trust (BRWM) 310.80p +2.04%Euromoney Institutional Investor (ERM) 1,200.00p +2.04%Poundland Group (PLND) 301.60p +1.89%Rotork (ROR) 257.50p +1.86%FallersJust Eat (JE.) 426.80p -4.65%Betfair Group (BET) 2,524.00p -4.57%TalkTalk Telecom Group (TALK) 392.40p -4.01%Enterprise Inns (ETI) 129.80p -2.92%BTG (BTG) 687.50p -2.83%Provident Financial (PFG) 2,866.00p -2.78%Just Retirement Group (JRG) 168.70p -2.77%St. Modwen Properties (SMP) 438.50p -2.71%Big Yellow Group (BYG) 634.50p -2.68%Elementis (ELM) 296.20p -2.66%

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13 Jun 2014 05:29

UK Earnings, Trading Statements Calendar - Week Ahead

Friday, June 13

Bonmarche H

12 Jun 2014 15:14

UK Earnings, Trading Statements Calendar - Week Ahead

Friday, June 13

Bonmarche H

15 May 2014 14:58

FTSE 250 movers: Infinis lifted by broker rating

Infinis rose strongly after Deutsche Bank upgraded the stock to 'buy' with a target price of 220p. The share price of Kier also rose after the construction, services and property group was named as a preferred bidder on two new long-term Anglian Water contracts and gave a positive update on third-q

15 May 2014 09:43

Thursday broker round-up UPDATE

Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl

1 May 2014 09:07

UK BROKER RATINGS: Citigroup Downgrades ARM To Neutral

LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:
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FTSE 100
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GOLDMAN RAISES WILLIAM HILL PRICE TARGET TO 395 (385) PENCE - 'BUY'
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DEUTSCHE BANK RAISES WHITBREAD PRICE

23 Apr 2014 15:29

Sector movers: Electricity stocks fall as Drax tumbles

Electricity stocks were the worst performers in London on Wednesday with Drax falling sharply after the government changed the terms of a key subsidy for conversion from coal to biomass. The government said last December that it had shortlisted two of the company's generating units at the Drax Powe

5 Mar 2014 17:53

FTSE Confirms Barratt, St. James's Place To Join Leading Index

LONDON (Alliance News) - Following completion of its quarterly index review, FTSE has confirmed that the following changes will take effect from the market open on Monday March 24. ------- FTSE 100 Adds: Barratt Developments St.James's Place ------- FTSE 100 De

26 Feb 2014 10:12

UK BROKER RATINGS: Oriel Cuts Tesco To Hold, Others Cut Price Targets

LONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning:
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FTSE 100
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MORGAN STANLEY CUTS UNITED UTILITIES TO 'EQUAL-WEIGHT' ('OVERWEIGHT')
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UBS STARTS RANDGOLD RESOURCES WIT

26 Feb 2014 08:54

Wednesday broker round-up UPDATE

Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric

26 Feb 2014 08:37

UK MORNING BRIEFING: Shares Open Lower; ITV Down On Payout Level

LONDON (Alliance News) - Shares have opened lower Wednesday ahead of UK GDP figures at 0930 GMT. ITV reported strong 2013 results and expressed confidence for 2014, but its shares are down 4.2% at the open on disappointment in the size of its special dividend.

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12 Feb 2014 11:43

Infinis Energy Confident To Meet Full-Year Expectations

LONDON (Alliance News) - Infinis Energy PLC said Wednesday it remains confident that it will meet its trading expectations for the full-year and that it is on track to fulfill its dividend payments after delivering a robust operational performance during the period. In an interim management

12 Feb 2014 08:25

UK MORNING BRIEFING: Telecity Drops 13% As Market Awaits BOE

LONDON (Alliance News) - Shares have opened mostly flat Wednesday, as the market awaits the Bank of England's Quarterly Inflation Report at 1030 GMT.

Telecity is holding back the FTSE 250. The data-centre provider is down 13% after announcing higher 2013 profit and

13 Jan 2014 09:04

Monday broker round-up UPDATE

Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin

29 Nov 2013 07:59

Infinis Energy Operating Profit, Revenue Up As It Adds Wind Power

29 Nov 2013 07:41

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