FTSE 250 movers: Beazley comes out on top; miners fall

Bianca Boorer Sharecast | 03 Feb, 2017 16:54 | | |

London Stock Exchange AIM LSE shares
  • 479.30
  • -2.16%-10.60
  • Max: 487.50
  • Min: 479.00
  • Volume: 354,168
  • MM 200 : n/a
17:17 27/06/17
  • 619.50
  • 5.09%30.00
  • Max: 621.00
  • Min: 590.00
  • Volume: 1,617,313
  • MM 200 : n/a
17:18 27/06/17
  • 1,249.00
  • -1.89%-24.00
  • Max: 1,273.00
  • Min: 1,248.00
  • Volume: 470,157
  • MM 200 : n/a
17:17 27/06/17
  • 1,135.00
  • 0.18%2.00
  • Max: 1,135.00
  • Min: 1,124.00
  • Volume: 503,440
  • MM 200 : n/a
17:18 27/06/17
  • 194.90
  • 0.15%0.30
  • Max: 198.30
  • Min: 189.40
  • Volume: 1,187,899
  • MM 200 : n/a
17:18 27/06/17
  • 113.40
  • 0.35%0.40
  • Max: 114.10
  • Min: 111.70
  • Volume: 1,412,980
  • MM 200 : n/a
17:17 27/06/17
  • 2,330.00
  • -0.21%-5.00
  • Max: 2,346.00
  • Min: 2,312.00
  • Volume: 174,732
  • MM 200 : n/a
17:18 27/06/17
  • 19,526.80
  • -0.80%-157.82
  • Max: 19,686.19
  • Min: 19,505.09
  • Volume: 0
  • MM 200 : n/a
17:24 27/06/17
  • 14,571.30
  • 2.83%400.97
  • Max: 14,656.12
  • Min: 14,170.33
  • Volume: 0
  • MM 200 : n/a
17:24 27/06/17
  • 2,337.85
  • 2.19%50.08
  • Max: 2,367.31
  • Min: 2,285.15
  • Volume: 0
  • MM 200 : n/a
17:24 27/06/17
  • 5,956.93
  • 0.02%1.22
  • Max: 5,965.06
  • Min: 5,899.16
  • Volume: 0
  • MM 200 : n/a
17:24 27/06/17
  • 14,698.28
  • -0.91%-134.52
  • Max: 14,841.05
  • Min: 14,684.57
  • Volume: 0
  • MM 200 : n/a
17:24 27/06/17
  • 9,709.16
  • -1.38%-136.22
  • Max: 9,845.38
  • Min: 9,691.91
  • Volume: 0
  • MM 200 : n/a
17:24 27/06/17
  • 3,037.81
  • -1.63%-50.44
  • Max: 3,088.86
  • Min: 3,030.37
  • Volume: 0
  • MM 200 : n/a
17:24 27/06/17
  • 4,117.61
  • -0.28%-11.42
  • Max: 4,130.61
  • Min: 4,106.31
  • Volume: 0
  • MM 200 : n/a
17:24 27/06/17
  • 4,062.45
  • -0.27%-11.00
  • Max: 4,075.01
  • Min: 4,051.61
  • Volume: 0
  • MM 200 : n/a
17:18 27/06/17
  • 323.80
  • -0.95%-3.10
  • Max: 326.90
  • Min: 322.90
  • Volume: 734,625
  • MM 200 : n/a
17:17 27/06/17

The FTSE 250 index rose 0.89% to 18,421.49 at 1609 GMT on Friday.

Insurer Beazley was in the green as it reported a 3% jump in full-year profit as premiums written increased and the company lifted its dividend. In the year to the end of December, pre-tax profit rose to $293.2m from $284m in 2015 as gross premiums written increased 6% to $2.2bn. Fellow insurer Hiscox also gained as a read across from Beazley.

Halma got a boost as Barclays upgraded its stance on the stock to ‘overweight’ from ‘equalweight’ and lifted the price target to 1,150p from 1,070p. The bank noted Halma’s shares have pulled back 20% from their October 2016 high of 1,126p, driven by the rotation out of low volatility ‘bond proxy’ stocks combined with mildly disappointing interim results and an unforgiving valuation.

Wizz Air bounces back after losses in the previous session when it announced passenger numbers increased 23.3% in January, while the budget eastern Europe-focused airline also announced new routes to and from Poland, Bulgaria and Lithuania.

Pharmaceutical business Indivior advanced as Numis reiterated its stock at ‘buy’ and maintained its price target at 450p. “Worries over the potential outcome of this trial have weighed heavily on the shares in recent weeks. However, since defeating Par and Actavis in June 2016, several further developments increase our confidence that Indivior will also triumph against Dr Reddy’s.”

The Caixin manufacturing purchasing managers' index, a private gauge of factory activity, nudged down to 51.0 in January from 51.9 in December. This weighed on basic resources, which are heavily dependent on demand from China sending stocks in miners Evraz, Petra and Vedanta Resources down. Investors were also digesting news that China has unexpectedly lifted short-term interest rates. The PBOC raised reverse repurchase agreements by ten basis points to 2.35%.

Risers

Beazley (BEZ) 443.80p 8.59%
Halma (HLMA) 965.00p 4.21%
Hiscox Limited (DI) (HSX) 1,073.00p 4.17%
Wizz Air Holdings (WIZZ) 1,620.00p 3.85%
Indivior (INDV) 314.90p 3.72%
Capital & Counties Properties (CAPC) 278.40p 3.34%
JD Sports Fashion (JD.) 366.20p 3.10%
Savills (SVS) 798.00p 2.97%
Playtech (PTEC) 873.00p 2.95%
Jardine Lloyd Thompson Group (JLT) 1,051.00p 2.94%

Fallers

Vedanta Resources (VED) 1,056.00p -2.94%
IP Group (IPO) 183.00p -1.77%
Nostrum Oil & Gas (NOG) 452.70p -1.59%
Sophos Group (SOPH) 262.80p -1.39%
G4S (GFS) 252.50p -1.25%
Petra Diamonds Ltd.(DI) (PDL) 146.00p -1.22%
Brown (N.) Group (BWNG) 224.10p -1.10%
Evraz (EVR) 235.50p -1.09%
Rank Group (RNK) 200.30p -1.09%
Drax Group (DRX) 367.60p -1.02%

More news

27 Jun US close: Weak consumer sentiment weighs on markets

Weaker-than-expected readings on consumer confidence weighed on Wall Street throughout Tuesday’s session.

27 Jun Directors dealings: Card Factory chief tops up stake

Card Factory's Karen Hubbard picked up some more shares in the company she leads.

27 Jun Europe close: Jump in single currency after Draghi speaks takes it toll

A more confident tone from European Central Bank chief Mario Draghi and a profit warning from a German auto parts maker combined to send stocks lower across the Continent.

27 Jun US open: Weak data weighs on shares, banks outperform

Weaker than expected readings on consumer confidence weighed on Wall Street early in the session even as investors eyed a speech by Federal Reserve chair Janet Yellen later in the day.

27 Jun FX round-up: GBP ahead on BoE buffer call and SNP's stance on indyref#2

Sterling enjoyed a minor rise on Tuesday on the back of Bank of England requiring lenders to beef up their cash buffer in case of bad debts.

27 Jun London close: Hike in banks' capital buffers hits shares

A stronger sterling weighed on the FTSE on Tuesday, as it emerged the Bank of England will force banks to further bolster their capital buffers to deal with bad debts .

27 Jun Ukraine struck by massive cyber attack, banks and government hit

A massive cyber attack has targeted much of Ukraine’s state infrastructure as IT systems in the country’s national bank and its largest airport shut down.

27 Jun Commodities: Crude futures rise on hopes of API data showing draw in US stores

Crude-oil futures are riding higher Tuesday as the market looks to industry data out later to show a draw in US stockpiles.

27 Jun Hardide receives Nadcap accreditation for its coatings

Advanced surface coating technology provider Hardide announced on Tuesday that Hardide Coatings had gained Nadcap accreditation for coatings.

27 Jun RedstoneConnect to install cabling at new Spurs stadium

Smart building and commercial spaces technology and services provider RedstoneConnect announced on Tuesday that it was awarded a contract to install an IT cabling infrastructure throughout Tottenham Hotspur's new 61,500 seat stadium.