London’s FTSE 250 was up 1.4% at 17,964.71 in afternoon trade on Tuesday. Cineworld surged, with traders pointing to speculation the company may be taken private by its founder. The shares had already rallied on Monday on takeover speculation after a US judge granted the government’s request to end the …
Read More »FTSE 250 movers: EasyJet flies higher; Babcock slumps
London’s FTSE 250 was up 0.8% at 17,302.31 in afternoon trade on Tuesday. EasyJet was sitting pretty at the top of the index as it said it expects to report a smaller loss for the fourth quarter of the year and announced the expansion of its flight schedule amid stronger-than-expected …
Read More »FTSE 250 movers: AO World loses ground; IMI in the black
AO World was under pressure after saying it experienced strong demand during the Covid-19 crisis but was cautious about the outlook as it reported a smaller annual loss. The online household appliance retailer’s operating loss for the year to the end of March narrowed to £3.8m from £13m as total …
Read More »FTSE 250 movers: Energean surges; Carnival sinks
London’s FTSE 250 was 0.6% higher at 17,221.83 in afternoon trade on Monday. Energean surged to the top of the index after saying it had agreed to exclude Edison E&P’s Norwegian subsidiary from its takeover deal, and cut capital expenditure guidance as oil companies wrestle with a slump in prices …
Read More »FTSE 250 movers: Royal Mail slumps; Crest Nicholson lifted by upgrade
London’s FTSE 250 was down 0.3% at 17,098.38 in afternoon trade on Thursday. Royal Mail shares slid after the company said it will cut 2,000 manager jobs as it desperately tried to save £130m in costs amid the coronavirus crisis and reported a 25% plunge in full year profits. It …
Read More »FTSE 250 movers: Weir Group and Serco pace gains amid bargain hunting
London’s second-tier index finished in the red yet again as investors took stock of the Chinese coronavirus’s continuing spread globally and after the US Centers for Disease Control and World Health Organisation called for measures to be put in place immediately to break its advance. Despite those warnings and a …
Read More »FTSE 100 movers: S&N rallies on results; Meggitt hit by broker note
London’s FTSE 100 was flat at 7,457.19 in afternoon trade on Thursday as investors weighed better-than-expected retail sales data against ongoing concerns about the coronavirus. Smith & Nephew was the standout gainer as the artificial hip and knee maker said full-year revenue grew 4.4%, at the top end of the …
Read More »FTSE 250 movers: Moneysupermarket extends rally, Hochschild tracks seven-year high in gold
Shareholders in Moneysupermarket.com were ‘in the money’ on Thursday after the price comparison website said that its full-year pre-tax profit rose to £116m from £106.9m in 2018, thanks to strong showings from both its home services and insurance units. So with basic earnings per share ahead by 9% to 17.7p, …
Read More »FTSE 250 movers: Hochschild shines on results; Plus500 retreats
London’s FTSE 250 was up 0.6% at 21,817.41 in afternoon trade on Wednesday. South America-focused miner Hochschild Mining surged to the top of the index as it said higher precious metals prices helped it to double annual profits. The company said pre-tax profits rose to $76.8m from $38.4m on a …
Read More »FTSE 250 movers: Beazley boosted by results; Royal Mail fails to deliver
London’s FTSE 250 was up 0.3% at 21,576.49 in afternoon trade on Thursday. Insurer Beazley was the standout gainer after it posted a better-than-expected surge in full-year pre-tax profit as three of its six divisions achieved double-digit growth. In the year to the end of December, pre-tax profit surged 250% …
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