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

Thu, 26th Mar 2015 13:56

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, including Ophir Energy and Cairn Energy. Ophir Energy was also boosted by an upgrade from 'hold' to 'buy' by analysts at Jefferies.Polymetal International gained as it hailed the potential of its Kutyn project in the wake of positive analysis of its oil reserves. "This capital-light heap-leaching project has excellent potential to generate cash flows in the medium-term; it also offers upside from conversion of the underground resources to ore reserves and a further exploration upside," said chief executive Vitaly Nesis.Card Factory rebounded from Thursday's disappointing dividend, where investors were left waiting for a special dividend.Bodycote was among the fallers after going ex-dividend.Euromoney was trading lower on a downgrade to 'hold' from equities researches at N+1 Singer.RisersSupergroup (SGP) 994.00p +6.48%Just Eat (JE.) 404.30p +4.20%Card Factory (CARD) 293.80p +3.41%Hunting (HTG) 543.00p +1.59%Ophir Energy (OPHR) 140.70p +1.37%Cranswick (CWK) 1,409.00p +1.22%Greggs (GRG) 1,031.00p +1.08%COLT Group SA (COLT) 141.60p +0.71%Cairn Energy (CNE) 162.80p +0.56%Stagecoach Group (SGC) 357.40p +0.37%FallersLadbrokes (LAD) 102.90p -6.20%Bodycote (BOY) 728.00p -5.33%Serco Group (SRP) 173.30p -4.68%BlackRock World Mining Trust (BRWM) 305.00p -4.63%Phoenix Group Holdings (DI) (PHNX) 844.00p -4.42%RPC Group (RPC) 574.50p -4.25%FirstGroup (FGP) 93.85p -4.19%Drax Group (DRX) 378.90p -4.05%Workspace Group (WKP) 853.00p -4.00%Euromoney Institutional Investor (ERM) 1,085.00p -3.98%
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Superdry owner reports jump in first-half profit 

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(ShareCast News) - Strong first half trading from SuperGroup saw positive sales growth in its half-year report on Wednesday. The FTSE 250-listed owner of popular faux-Japanese fashion brand Superdry saw revenue rise 22.3% to £254.7m in the 26 weeks to October 24. Underlying profit before tax was up

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Broker tips: Glencore, SuperGroup, Meggitt

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SuperGroup tumbles as Liberum recommends taking profits

(ShareCast News) - SuperGroup traded sharply lower after Liberum downgraded the stock to 'hold' from 'buy', noting that the shares are up 85% since it upgraded them last December. "With the stock now trading on 24x 2016 earnings, a 50% premium to its long-term average, we downgrade to hold and advis

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