[ad_1] Mike Ashley’s Frasers Group was in the red, having rallied a day earlier after lifting its full-year profit guidance and reporting higher half-year profits, driven by strong sales online and at stores as they reopened after the Covid-19 lockdown. Vistry was under the cosh, along with the rest of the housebuilding sector, amid worries…
[ad_1] London’s FTSE 250 was down 1% at 19,501.42 in afternoon trade on Thursday. Investec lost ground even though the financial services company reinstated its dividend and forecast an improved second half after better-than-expected interim results. Cineworld shares slumped following a report the cinema chain is considering a company voluntary arrangement to help it stay…
[ad_1] Oil and gas exploration company Energean was the top gainer on the index after securing two new gas sale agreements for its flagship Karish project off Israel. Berenberg said: “This is a clear positive for Energean, which delivers on expectations firmly set at the interim results last week. It is likely to result in…
[ad_1] Shares of security services firm G4S surged after privately-owned Canadian rival GardaWorld announced a hostile 190p per share possible offer valuing the company at £2.96bn. The offer price is 30% premium to Friday’s closing share price and an 86% premium to the price prior to its first approach in June. GardaWorld has made three…
[ad_1] FirstGroup was in the red, having surged on Monday following a Sunday Telegraph report that its US operations have attracted interest from several major private equity firms. Housebuilder Vistry was weaker after it posted an 86% slump in first-half adjusted pre-tax profit as it was “significantly” by the Covid-19 lockdown and site closures. Builders’…
[ad_1] London’s FTSE 250 was up 0.1% at 17,508.76 in afternoon trade on Friday. HGCapital Trust was a high riser after saying it will invest around £17.1m in Norwegian enterprise software group Visma. On the downside, oilfield services company Petrofac was in the red after a downgrade to ‘market perform’ from ‘outperform’ at Bernstein. Silver…
[ad_1] Valve manufacturer Rotork was on the back foot as its stock went ex-dividend. Frasers Group, formerly Sports Direct, gained after saying it plans to spend £100m on its digital elevation strategy and forecasting a 10-30% improvement in underlying core earnings next year as 2020 profits fell by a fifth due to the Covid-19 pandemic….
[ad_1] William Hill surged after Jefferies upped its price target on the buy-rated stock. “William Hill boasts the leading US sports betting market share, yet we see zero value priced in. US competitive positioning continues to strengthen with: 1) An enlarged retail footprint due to the Caesar’s deal; and, 2) Launch with CBS Sports that…
[ad_1] Engineering company Renishaw was the worst performer as it posted a drop in full-year profit as revenue fell amid “very challenging economic conditions”. National Express was also on the back foot after saying it swung to a half-year loss as the coronavirus lockdown led to an 80% slump in passenger traffic. 4imprint lost ground…
[ad_1] London’s FTSE 250 was up 0.5% at 18,077.60 in afternoon trade on Wednesday. Online electrical goods retailer AO World surged to the top of the index, with traders pointing to positive read-across from Asos, which said annual sales and profit were set to be “significantly ahead” of market expectations. Although one sells electricals and…