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FTSE 250 movers: Supergroup soars on RBC upgrade, Lonmin lower after Exane downgrade

Mon, 27th Apr 2015 13:43

SuperGroup was trading higher as RBC Capital Markets raised its rating on the clothing chain. The broker, which hiked its recommendation to 'outperform' from 'sector perform', also increased its price target to 1,150p on high hopes for the newly appointed management team.Vedanta Resources was boosted as investors anticipate another Chinese stimulus, which could drive construction and therefore demand for metals.Energy stocks such as Soco International and Hunting were bolstered by stronger oil prices, which remained at a four-month high.Shares in Tullow Oil reversed from early gains on weekend reports that the International Tribunal for the Law of the Seas ruled in its favour, allowing the outfit to continue with its exploration activities offshore Ivory Coast.Lonmin was also in the red as analysts at Exane BNP Paribas dramatically cut their price target for the stock from 260p to 133p. Analysts cut their platinum price estimates by 25% in the current year and 23% in the next, reflecting the view that "platinum/rhodium prices are likely to remain no more than a function of marginal production costs in the short/medium term, with recurring risks of a margin squeeze for platinum producers owing to unabated inflationary pressure in South Africa".Zoopla was trading lower on looming election uncertainty, as Labour's 'mansion tax' threatens to affect the property group's premium trade.RisersSupergroup (SGP) 992.00p +5.03%Vedanta Resources (VED) 654.50p +3.64%UBM (UBM) 567.00p +3.47%Ocado Group (OCDO) 353.20p +3.21%IMI (IMI) 1,260.00p +2.94%Balfour Beatty (BBY) 247.20p +2.40%Tate & Lyle (TATE) 619.50p +2.40%Britvic (BVIC) 759.50p +2.01%Ashmore Group (ASHM) 311.20p +1.93%Greggs (GRG) 1,116.00p +1.92%FallersTullow Oil (TLW) 405.90p -2.89%Telecom Plus (TEP) 790.00p -2.65%Polymetal International (POLY) 537.50p -2.54%Serco Group (SRP) 131.60p -2.45%Just Retirement Group (JRG) 171.00p -2.29%Centamin (DI) (CEY) 60.00p -2.20%Imagination Technologies Group (IMG) 205.80p -2.19%Acacia Mining (ACA) 286.40p -2.02%Paragon Group Of Companies (PAG) 428.60p -1.94%Saga (SAGA) 186.40p -1.89%
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2 Apr 2015 14:02

DIRECTOR DEALINGS SUMMARY: Nostrum Chairman Sells 18.7 Million Shares

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31 Mar 2015 08:53

DIRECTOR DEALINGS: SuperGroup CEO Increases Shareholding

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30 Mar 2015 13:33

FTSE 250 movers: Al Noor Hospitals hit by downgrade, energy stocks lower

Al Noor Hospitals Group led the fallers as Numis Securities cut its rating from 'add' to 'hold', arguing that the consensus for the company's margins is too high. Energy stocks Hunting, Lonmin, Nostrum Oil & Gas and Infinis Energy were in the red as oil prices lost gains made in the wake of politica

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30 Mar 2015 10:05

BUZZ-SuperGroup: RBC upgrade helps fashion co recover poise

** SuperGroup up 5.2 pct, top FTSE 250 riser as RBC Capital Mkts upgrades to "sector perform" vs "underperform" ** RBC cites good momentum now in ecommerce, reduction in inventory risk & stronger outlook in US ** Broker, however, continues to have some concerns about durability of the

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30 Mar 2015 08:59

DIRECTOR DEALINGS: Wife Of SuperGroup Executive Buys Shares

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27 Mar 2015 13:13

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

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 numb

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26 Mar 2015 17:17

MARKET COMMENT: Stocks End Lower While Oil, Gold Prices Rally

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26 Mar 2015 13:56

FTSE 250 movers: Supergroup surges on dividend announcement, energy stocks higher

Fashion firm Supergroup topped the risers after saying it would begin paying dividends with an interim payout in its 2015-16 financial year. Chief executive Euan Sutherland also revealed a surprise repurchase of it North American rights. Energy stocks were trading higher as oil prices spiked, includ

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26 Mar 2015 12:51

LONDON MIDDAY BRIEFING: Volatility Returns As Saudi Arabia Strikes

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26 Mar 2015 11:56

UK WINNERS & LOSERS: LSE Shares Drop As Borse Dubai Sells Stake

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26 Mar 2015 11:14

TOP NEWS: Borse Dubai Sells GBP1.40 Billion Worth Of LSE Shares

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26 Mar 2015 10:48

MARKET COMMENT: London Lower As Oil Prices Rise On Yemen Airstrikes

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26 Mar 2015 09:41

BROKER RATINGS SUMMARY: Barclays Likes National Express, Stagecoach

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26 Mar 2015 09:20

BUZZ-SuperGroup: buys out US licence & starts divi

** Fashion co SuperGroup jumps 8.3 pct, on course for biggest one-day gain since mid-Jan ** Co gains exclusive rights to distribute its products in US, Canada & Mexico ** Terminates existing 30-yr licence with current partner SDUSA, granted in 2008, by paying 22.3 mln pounds **

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26 Mar 2015 08:27

LONDON MORNING BRIEFING: Borse Dubai Sells Entire 17% Stake In LSE

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