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Jack Pusey Sharecast News
23 Jun, 2015 13:30 23 Jun, 2015 15:26

FTSE 250 movers: Ladbrokes surges on merger talks, Jimmy Choo hit by legal threat

Mid caps were on the up on Tuesday, as weakness in the industrial metals sector was eclipsed by strength in oil, telecommunications and engineering stocks.

Evraz

0.00p

17:30 18/12/24
0.00%
0.00p

Fixed Line Telecommunications

1,959.32

17:14 07/01/25
-1.41%
-28.07

FTSE 250

19,952.24

17:14 07/01/25
n/a
n/a

FTSE 350

4,528.79

17:14 07/01/25
n/a
n/a

FTSE All-Share

4,484.17

16:44 07/01/25
n/a
n/a

Industrial Metals & Mining

5,884.74

17:14 07/01/25
0.71%
41.52

Jimmy Choo

230.00p

16:30 30/10/17
0.00%
0.00p

Ladbrokes Coral Group

173.50p

16:04 28/03/18
0.00%
0.00p

Lonmin

75.60p

11:03 14/06/19
0.00%
0.00p

Mining

10,583.04

17:14 07/01/25
0.98%
102.93

Oil Equipment, Services & Distribution

4,928.34

16:30 18/12/24
0.00%
0.00

Personal Goods

15,077.78

17:14 07/01/25
-2.70%
-418.45

Petrofac Ltd.

7.35p

16:40 07/01/25
-4.55%
-0.35p

Telecom Plus

1,658.00p

16:40 07/01/25
-0.48%
-8.00p

Travel & Leisure

8,969.63

17:14 07/01/25
-0.93%
-84.25

As of 15:15 BST, the FTSE 250 was trading 0.6% higher at 18,010.

Ladbrokes shares jumped after the bookie chain confirmed it was in merger talks with the board of Gala Coral. The tie-up would create the UK’s largest bookmaker with over 4,000 betting shops nationwide.

Telecom Plus was trading higher after confirming its trading was in line with expectations, thanks to an increase in pre-tax profits. "Looking forward we are confident that we will deliver record revenues, profits, and earnings per share for the current year," said group chief executive Andrew Lindsay.

Oilfield services outfit Petrofac gained after saying that additional costs tied to the development of its flagship project in the Shetland Islands would be partially offset by tax provisions. Charles Stanley upgraded the stock to ‘accumulate’, saying there is “hope that Petrofac will turn a corner”.

Designer shoe retailer Jimmy Choo dipped on reports that founder Tamara Mellon could launch a legal battle against the firm, on grounds of anti-competitive behaviour, damaging her new label, Tamara Mellon Brand.

Miners Evraz and Lonmin extended losses as three-month delivery contracts for metals fell across the board on concerns over demand in China and Europe.

Risers
Ladbrokes (LAD) 138.10p +13.10%
Serco Group (SRP) 132.90p +7.61%
Petrofac Ltd. (PFC) 924.00p +6.27%
RPC Group (RPC) 684.50p +4.42%
Telecom Plus (TEP) 851.50p +3.71%
Entertainment One Limited (ETO) 354.00p +3.54%
Hunting (HTG) 644.50p +3.37%
Ocado Group (OCDO) 407.90p +3.29%
Greene King (GNK) 858.50p +2.81%
Workspace Group (WKP) 898.00p +2.69%

Fallers
Evraz (EVR) 139.60p -4.90%
Lonmin (LMI) 125.90p -2.40%
Mitchells & Butlers (MAB) 464.70p -2.23%
Jimmy Choo (CHOO) 158.40p -2.22%
Foxtons Group (FOXT) 257.10p -2.02%
Polymetal International (POLY) 539.50p -1.91%
Crest Nicholson Holdings (CRST) 571.00p -1.81%
Synergy Health (SYR) 1,745.00p -1.69%
Just Retirement Group (JRG) 178.00p -1.66%
Woodford Patient Capital Trust (WPCT) 114.00p -1.64%

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