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FTSE 250 movers: house builders in focus as mid caps sour

Mon, 04th Jul 2016 18:25

(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed.Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight rates, quiet capital markets and weak investor confidence.Thereafter the top-10 ladder of mid-cap losers was linked to residential property.Rightmove flopped following Barclays slashed its recommendation to 'underweight' from 'overweight,' and cut its target price to 4,300p from 4,550p.Also in the media sector, Moneysupermarket.com was cut by Barclays to 'equalweight' from 'overweight' with target price lowered to 260p from 390p.Property, residential, construction and services group Kier did its best to reassure investors over its viability on Monday, in the wake of the EU referendum.It said its underlying trading performance had remained in line with management expectations.Bovis Homes, Bellway and Redrow were also under the cosh as Brexit jitters engulfed the residential property market and focuses turned to the impact of UK house prices.To the upside, Aldemore firmed after chairman Glyn Jones went bottom-fishing in shares of his company, picking up £118,883.00-worth of stock on 30 June.This was received as a positive move by the market, shares in the so-called 'challenger' bank had been mauled in the aftermath of the Brexit vote.Market MoversFTSE 250 (MCX) 16,116.70 -2.12%FTSE 250 - RisersAcacia Mining (ACA) 482.90p 4.25%AO World (AO.) 147.20p 3.37%Hochschild Mining (HOC) 202.90p 3.26%Centamin (DI) (CEY) 146.20p 3.25%Vedanta Resources (VED) 444.10p 2.89%Indivior (INDV) 255.70p 2.20%Daejan Holdings (DJAN) 4,953.00p 2.10%Bodycote (BOY) 540.00p 2.08%Polymetal International (POLY) 1,081.00p 1.89%Aldermore Group (ALD) 123.10p 0.90%FTSE 250 - FallersClarkson (CKN) 1,850.00p -16.10%Moneysupermarket.com Group (MONY) 244.80p -10.98%Crest Nicholson Holdings (CRST) 362.90p -8.13%Bovis Homes Group (BVS) 708.50p -7.41%Shawbrook Group (SHAW) 160.00p -7.03%Rightmove (RMV) 3,500.00p -6.37%Bellway (BWY) 1,852.00p -6.24%Redrow (RDW) 312.20p -6.11%Kier Group (KIE) 987.00p -6.00%Close Brothers Group (CBG) 1,070.00p -5.89%
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20 May 2016 14:02

Cairn India boss Mayank Ashar resigns

(ShareCast News) - Cairn India said its managing director and chief executive (CEO), Mayank Ashar, has resigned, with chief financial officer Sudhir Mathur stepping in as acting CEO. Ashar's resignation would be effective from 5 June, but he would provide transition support for Mathur out to 30 J

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20 May 2016 12:57

Vedanta Resources Says Cairn India CEO To Step Down Early Next Month

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19 May 2016 13:42

Thursday broker round-up

(ShareCast News) - Countryside Properties: JP Morgan reiterates overweight with a 280p target. SSP Group: Citigroup retains buy with a 340p target. Polymetal International: Jefferies keeps at underperform with a 520p target and UBS reiterates neutral with a target price of 675p and Deutsche Bank st

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19 May 2016 08:30

BROKER RATINGS SUMMARY: Goldman Sachs Upgrades BT To Conviction Buy

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19 May 2016 07:26

LONDON BRIEFING: US Interest Rate Hike Back On Agenda For June

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16 May 2016 08:24

Mortice Appoints Indian Tax And Law Experts To Board

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13 May 2016 14:45

FTSE 250 movers: TalkTalk slumps while Vedanta Resources rebounds

(ShareCast News) - The FTSE 250 fell 0.40% to 16,593.06 in afternoon trade on Friday. TalkTalk was among the biggest fallers on London's index, a day after saying full year profits more than halved following a cyber attack on its systems last October, which cost £42m. The telecoms provider reported

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12 May 2016 16:01

LONDON MARKET CLOSE: Stocks Fall As BoE Cuts UK Growth Forecasts

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12 May 2016 13:39

EXTRA: Vedanta Makes "Prudent" Move By Halving Dividend As Prices Fall

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12 May 2016 10:41

Vedanta slashes dividend as commodity prices hit full year results

(ShareCast News) - Vedanta Resources slashed its dividend by more than half as falling commodities prices hammered full-year profits. The FTSE 250 multi-national miner said earnings before interest, tax, depreciation and amortisation slumped 37% to $2.34bn as shareholders took the brunt of the pain

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12 May 2016 06:50

Vedanta Makes "Prudent Decision" By Cutting Dividend By More Than Half

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5 May 2016 15:12

Thursday broker round-up

(ShareCast News) - Stagecoach: UBS upgrades to buy with a 295p target. Centrica: Exane BNP Paribas downgrades to neutral with a 240p target and UBS reiterates hold with a target price of 250p. BHP Billition: Barclays upgrades to equal-weight with a 875p target. Vedanta: Barclays reiterates underwe

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5 May 2016 15:07

Earnings, Trading Statements Calendar - Week Ahead

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5 May 2016 08:30

BROKER RATINGS SUMMARY: JPMorgan Upgrades National Grid To Overweight

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28 Apr 2016 11:20

Vedanta Subsidiary Posts Steep Profit Drop On Lower Commodity Prices

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