FTSE 250 movers: RPC jumps after upping revenue forecast
Shares in RPC Group got a lift after it revealed its half-year revenues are expected to be "significantly" ahead of the same period last year thanks to recent acquisitions and growth in the US, coffee capsules and UK DIY markets.
Acacia Mining
234.00p
16:45 16/09/19
Balfour Beatty
364.40p
12:10 26/04/24
Inchcape
781.50p
12:11 26/04/24
Melrose Industries
633.40p
12:20 26/04/24
RPC Group
792.60p
17:00 28/06/19
It said its operating profit before exceptionals is set to be in line with previous expectations, despite ongoing foreign exchange translation headwinds and an adverse time lag in passing through polymer prices. The group also reported that its 'fitter for the future' programme was well-advanced and that it has entered into agreements to sell two sheet businesses in Lokeren and Montonate.
Canaccord Genuity helped drive Centamin's share price higher after it lifted its rating from 'hold' to 'speculative buy'.
Melrose Industries climbed higher on the news it has agreed to pay $158m to acquire US firm Eclipse, which makes gas combustion components and systems for industrial heating and drying applications.
Numis also gave the stock a lift after it upped its rating on the stock to 'buy' from 'add'.
African Barrick Gold climbed after Investec moved its rating to 'buy' from 'hold'.
On the downside, Inchcape fell on the news it will lose Andre Lacroix as its group chief executive. After almost 10 years in the role he has taken up the same position at Intertek.
Investec dragged Ferrexpo lower after reducing its rating to 'sell' from 'buy' and cutting its target price from 162p to 107p.
Balfour Beatty continued to fall one day after warning on profits. The group said its 2014 fiscal year results would be hurt by a profit shortfall of about £75m in its UK construction services division.
FTSE 250 - Risers
RPC Group (RPC) 553.50p +5.33%
Hikma Pharmaceuticals (HIK) 1,703.00p +4.80%
Centamin (DI) (CEY) 60.30p +3.88%
Melrose Industries (MRO) 245.40p +3.37%
BTG (BTG) 696.50p +3.26%
Zoopla Property Group (WI) (ZPLA) 238.00p +2.59%
International Personal Finance (IPF) 489.40p +2.41%
Dunelm Group (DNLM) 819.50p +1.93%
African Barrick Gold (ABG) 211.70p +1.83%
Genus (GNS) 1,122.00p +1.81%
FTSE 250 - Fallers
AL Noor Hospitals Group (ANH) 1,020.00p -6.34%
Inchcape (INCH) 646.50p -3.58%
IP Group (IPO) 202.50p -3.30%
Ferrexpo (FXPO) 111.40p -3.21%
SSP Group (SSPG) 258.10p -3.12%
Debenhams (DEB) 58.25p -2.67%
Paragon Group Of Companies (PAG) 340.10p -2.47%
Alent (ALNT) 321.90p -2.45%
Balfour Beatty (BBY) 186.00p -2.36%
Mitchells & Butlers (MAB) 356.00p -2.33%