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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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SuperGroup co-founder to quit firm

LONDON, May 12 (Reuters) - SuperGroup, the British company behind the Superdry fashion brand, said on Thursday its co-founder, brand and design director James Holder, is to quit the retailer. The firm, whose trademark jackets, hooded tops and jogging bottoms are popular with teenagers and t

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12 Feb 2016 15:08

FTSE 250 miners: Metals and oil stocks rebound

(ShareCast News) - The FTSE 250 was in the black on Friday, with the index up 231.28 points (1.52%) to 15,410.08 by mid-afternoon. Miners featured at the top of the risers list as metal prices rebounded, with shares in Vedanta Resources up nearly 8% as a result. The company also said it is cutting

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12 Feb 2016 11:04

SuperGroup founder sells 4m shares, reportedly to fund divorce

(ShareCast News) - The founder of SuperGroup - the company behind the popular Superdry fashion brand - has sold 4m shares due to "personal circumstances" amid reports he plans to use the proceeds to fund his divorce. The shares were sold at 1,200p each via an accelerated bookbuild placing to institu

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DIRECTOR DEALINGS: SuperGroup Founder Dunkerton Sells 4 Million Shares

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