FTSE 250 movers: IPF higher on upgrade, oil stocks and miners lower
Shares in International Personal Finance shot up after Berenberg Bank upgraded its rating on the stock to ‘buy’ from ‘hold’. “While FX and regulatory fears are weighing on the shares, IPF is exposed to significant long-term growth opportunities,” said Berenberg.
Financial Services
16,492.39
15:44 15/11/24
FTSE 250
20,508.75
15:45 15/11/24
FTSE 350
4,453.56
15:45 15/11/24
FTSE All-Share
4,411.85
15:45 15/11/24
General Retailers
4,597.92
15:44 15/11/24
Halfords Group
140.20p
15:34 15/11/24
Harbour Energy
253.90p
15:44 15/11/24
Health Care Equipment & Services
10,430.75
15:44 15/11/24
International Personal Finance
131.00p
15:44 15/11/24
KAZ Minerals
849.00p
16:40 10/05/21
Lonmin
75.60p
11:03 14/06/19
Mining
10,633.77
15:45 15/11/24
Oil & Gas Producers
8,043.72
15:45 15/11/24
Pharos Energy
21.40p
14:14 15/11/24
Spire Healthcare Group
220.00p
15:29 15/11/24
Tullow Oil
22.10p
15:39 15/11/24
Vedanta Resources
832.60p
16:35 28/09/18
Hospital group Spire Healthcare saw its shares go down on Tuesday despite posting full-year results in line with expectations. Annual profit for 2014 fell 94% to £6m, driving earnings per share down from 40.9p to 1.9p. Cash and equivalents also dropped to £74.5m from £111.5m the year before. As a result, Numis downgraded its rating on the stock from 'buy' to 'hold' and reduced its price target to 380p from 390p
Halfords surged as it appointed Jill McDonald as its new chief executive officer, effective 11 May 2015. McDonald is currently working for the McDonald’s Corporation, which she joined in 2006 as chief marketing officer UK and Northern Europe.
Halfords chairman Dennis Millard said: "I'm really excited that we have attracted someone of Jill's calibre who will build on what we've achieved over the last few years and we all really look forward to working with her."
Oil stocks were trading lower, including Soco International, Premier Oil and Tullow Oil. Miners Vedanta Resources, Lonmin and Kaz Minerals were also weaker.
Risers
International Personal Finance (IPF) 508.50p +8.54%
Zoopla Property Group (WI) (ZPLA) 180.00p +4.05%
Just Eat (JE.) 371.30p +3.83%
Thomas Cook Group (TCG) 147.00p +3.38%
Balfour Beatty (BBY) 231.40p +2.89%
Crest Nicholson Holdings (CRST) 445.60p +2.79%
Halfords Group (HFD) 463.70p +2.54%
Inchcape (INCH) 824.00p +2.36%
Redefine International (RDI) 59.30p +2.24%
Betfair Group (BET) 2,222.00p +2.21%
Fallers
Vedanta Resources (VED) 530.50p -7.17%
Soco International (SIA) 162.60p -6.71%
Spire Healthcare Group (SPI) 365.00p -6.41%
Kaz Minerals (KAZ) 219.30p -5.43%
Premier Oil (PMO) 142.80p -4.10%
Ocado Group (OCDO) 347.90p -4.00%
Enterprise Inns (ETI) 99.55p -3.35%
Lonmin (LMI) 130.40p -3.05%
Tullow Oil (TLW) 313.50p -2.94%
Cobham (COB) 310.20p -2.61%