Jack Pusey Sharecast News

16 Mar, 2015 14:11 16 Mar, 2015 17:09

FTSE 250 movers: Afren lower on debt-for-equity swap, retailers and health stocks higher

Afren's share price was extending Friday’s losses when the company proposed a debt-for-equity swap with lenders to keep it afloat. The deal will lead to a substantial dilution of shareholders' interests.

Afren

1.79p

16:34 14/07/15

15.71%

0.24p

AO World

106.20p

15:39 15/11/24

1.14%

1.20p

Card Factory

80.10p

15:44 15/11/24

-0.37%

-0.30p

FTSE 250

20,508.75

15:45 15/11/24

n/a

FTSE 350

4,453.56

15:45 15/11/24

n/a

FTSE All-Share

4,411.85

15:45 15/11/24

n/a

General Retailers

4,597.92

15:44 15/11/24

-0.15%

-7.02

Harbour Energy

253.90p

15:44 15/11/24

0.51%

1.30p

Health Care Equipment & Services

10,430.75

15:44 15/11/24

0.23%

23.76

Hunting

304.50p

15:30 15/11/24

1.00%

3.00p

NOSTRUM OIL&GAS

£0.04

17:35 15/11/24

19.78%

-£0.05

Oil & Gas Producers

8,043.72

15:45 15/11/24

1.32%

105.17

Oil Equipment, Services & Distribution

4,928.34

16:30 25/09/24

0.00%

0.00

Spire Healthcare Group

220.00p

15:29 15/11/24

0.46%

1.00p

Synergy Health

2,325.00p

13:25 28/10/15

0.00%

0.00p

Ted Baker

109.80p

16:40 20/10/22

0.00%

0.00p

More broadly, oil stocks tumbled on declining Brent crude prices, with Premier Oil and Nostrum Oil & Gas both trading lower.

Hunting was hit by a lower price target from Canaccord Genuity, who cut their price from 600p to 475p.

AO World was also in the red as chairman Richard Rose sold most of his stake in the retailer for £10m. Rose, who previously held 1.3% of the company, sold 89% of his shareholding for 180p per share, leaving him with a stake of 0.17%.

Meanwhile, retailers Ted Baker and Card Factory were trading higher, as were health stocks Synergy Health and Spire Healthcare Group.

FTSE 250 - Risers
Ted Baker (TED) 2,739.00p +6.12%
Provident Financial (PFG) 2,758.00p +4.35%
Card Factory (CARD) 282.30p +4.13%
Just Eat (JE.) 359.80p +3.69%
Beazley (BEZ) 295.30p +3.25%
Synergy Health (SYR) 2,268.00p +3.23%
TalkTalk Telecom Group (TALK) 347.50p +3.02%
Investec (INVP) 584.50p +2.81%
SIG (SHI) 193.60p +2.76%
Spire Healthcare Group (SPI) 339.00p +2.73%

FTSE 250 - Fallers
Afren (AFR) 3.66p -21.29%
Vedanta Resources (VED) 446.40p -8.28%
AO World (AO.) 177.40p -7.41%
Premier Oil (PMO) 121.10p -6.85%
Serco Group (SRP) 170.20p -6.64%
Nostrum Oil & Gas (NOG) 551.00p -5.97%
Hunting (HTG) 431.10p -5.02%
Drax Group (DRX) 359.00p -4.85%
Polymetal International (POLY) 500.00p -4.12%
Infinis Energy (INFI) 188.50p -3.73%