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FTSE 250 movers: Homeserve higher on strong winter trading, oil stocks and miners lower

Fri, 27th Mar 2015 13:13

Homeserve was trading higher after a reassuring trading statement that revealed trading in its busy winter period had been "good" and in line with its full-year targets. Management was also pleased with levels of customer growth across the international businesses, having reported good customer number growth in its February trading statement.Monks Investment Trust was boosted by news that manager Baillie Gerald Smith would be replaced, as the global fund seeks to turnaround a period of poor performance. Charles Plowden, the Citywire A-rated manager of Baillie Gifford's Global Alpha Growth fund, has become the £900m fund's new manager following a review by the trust's board and the Edinburgh-based investment group.Card Factory continued to surge in line with Thursday's gain, rebounding from a disappointing dividend on Wednesday, where investors were left wanting for a special dividend.Supergroup reversed after soaring on Thursday on the announcement it would begin paying dividends, with an interim payout in its 2015-16 financial year and had repurchased its North American rights.Oil stocks tumbled as oil prices reversed, bringing the short lived surge in prices to a close. Tullow Oil, Premier Oil and Nostrum Oil & Gas were all in the red.Miners Lonmin, BlackRock World Mining Trust and Kaz Minerals were among the fallers as metal prices weakened. RisersJust Eat (JE.) 422.10p +3.28%Rank Group (RNK) 189.40p +2.66%Betfair Group (BET) 2,282.00p +2.52%Workspace Group (WKP) 874.50p +2.40%Balfour Beatty (BBY) 240.70p +2.38%JD Sports Fashion (JD.) 490.60p +2.08%Homeserve (HSV) 370.60p +2.07%Monks Inv Trust (MNKS) 428.00p +2.03%Card Factory (CARD) 298.10p +1.98%Grafton Group Units (GFTU) 795.50p +1.86%FallersLonmin (LMI) 121.30p -6.26%Supergroup (SGP) 938.00p -5.35%Tullow Oil (TLW) 294.70p -4.41%Kaz Minerals (KAZ) 206.60p -4.22%Drax Group (DRX) 365.80p -3.89%BlackRock World Mining Trust (BRWM) 295.60p -3.40%AA (AA.) 417.10p -3.40%Premier Oil (PMO) 141.20p -3.35%Nostrum Oil & Gas (NOG) 590.00p -3.28%Telecom Plus (TEP) 951.50p -2.76%
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26 Mar 2015 08:27

UPDATE 1-SuperGroup buys out U.S. licence, to start div payments

(Adds detail, shares) LONDON, March 26 (Reuters) - SuperGroup, the British company behind the Superdry fashion brand, has gained the exclusive rights to distribute its products in the U.S., Canada and Mexico, terminating the existing U.S. licence by paying 22.3 million pounds ($33 million).

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26 Mar 2015 07:54

London pre-open: Stocks to track US and Asian markets lower

UK stocks are expected to open in negative territory on Thursday morning, tracking declines in the US and Asia overnight. City sources predict the FTSE 100 will open 45 points lower than Wednesday's close of 6,990.97. US markets suffered sharp declines on Wednesday as economic data continued to dis

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26 Mar 2015 07:49

SuperGroup Affirms Guidance As It Buys US Licence, To Start Dividends

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26 Mar 2015 07:24

SuperGroup to start dividend payments in 2015-16 year

LONDON, March 26 (Reuters) - SuperGroup, the British company behind the Superdry fashion brand, said on Thursday it would start paying dividends with an interim payout in its 2015-16 financial year. In a strategy update the firm, whose trademark jackets, hooded tops, check shirts and joggin

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26 Mar 2015 07:03

Supergroup pledges first dividend in 2016 as part of strategy update

As well as reiterated recent profit guidance, Supergroup chief executive Euan Sutherland has unveiled a new strategy for the company that includes a first dividend in 2016 and the surprise repurchase of its North American rights. The FTSE 250 company, which is best known for its Japan-inspired Super

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26 Mar 2015 06:17

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