FTSE 250 movers: Afren leads risers as Ferrexpo continues to slide
Afren was rising strongly after it late on Tuesday released a statement saying its ongoing independent review had found no further evidence relating to the receipt of unauthorised payments. The review is expected to be completed by mid-October.
Acacia Mining
234.00p
16:45 16/09/19
Afren
1.79p
16:34 14/07/15
Ferrexpo
47.10p
12:39 19/04/24
RPS Group
221.00p
16:39 23/01/23
Countrywide climbed after announcing plans to accelerate its capital returns policy and a share repurchase programme of up to £20m.
Events and communications group UBM dropped after announcing the £599m price that it has agreed to acquire Advanstar Communications, making it the largest events company in the US by revenue. Investec said it "looks a high price" and a "a big and brave strategic move" for new chief executive Tim Cobbold, placing its target price for the stock under review.
Shares in RPC Group retreated from the previous day's gains, which came after it revealed its half-year revenues are expected to be "significantly" ahead of the same period last year. N+1 Singer cut its target price from 375p to 320p and maintained a buy recommendation.
African Barrick Gold also declined after posting strong gains on Tuesday.
Ferrexpo continued lower having dropped the previous day after Investec reduced its rating to 'sell' from 'buy' and cut its target price from 162p to 107p.
UDG Healthcare has formalised its partnership with CMIC through the creation of a new joint venture (JV), CMIC Ashfield. The JV has been set up to fully service the Japanese contract sales organisation market and to provide a platform for future growth within the Japanese market. N+1 Singer cut its rating from 'buy' to 'hold' and lowered its target price from 410p to 353p.
FTSE 250 - Risers
Afren (AFR) 110.00p +6.28%
Countrywide (CWD) 476.30p +5.52%
Mitchells & Butlers (MAB) 368.00p +2.88%
Spire Healthcare Group (SPI) 295.50p +2.14%
Oxford Instruments (OXIG) 1,037.00p +1.67%
Lancashire Holdings Limited (LRE) 650.00p +1.56%
Regus (RGU) 171.80p +1.24%
St. Modwen Properties (SMP) 371.20p +1.14%
Michael Page International (MPI) 423.30p +1.12%
Hiscox Ltd (CDI) (HSX) 635.50p +0.87%
FTSE 250 - Fallers
AO World (AO.) 175.00p -6.91%
Ferrexpo (FXPO) 105.70p -5.88%
RPS Group (RPS) 246.50p -5.56%
UBM (UBM) 552.50p -5.23%
Lonmin (LMI) 176.20p -5.17%
African Barrick Gold (ABG) 208.50p -4.71%
Evraz (EVR) 124.10p -4.54%
Ophir Energy (OPHR) 218.90p -4.54%
Smith (DS) (SMDS) 254.60p -4.39%
Just Retirement Group (JRG) 125.40p -4.35%