FTSE 250 movers: Berendsen rises again but Hays slumps

Michele Maatouk Sharecast | 19 May, 2017 15:52 | | |

Berendsen, washroom services

London's FTSE 250 was up 0.6% to 19,809.50 in afternoon trade.

Commercial laundry company Berendsen was racking up healthy gains for the second day in a row after it rejected a new £2.05bn bid by French rival Elis, saying it was "opportunistic".

Senior got a boost as Raymond James upgraded the stock to 'strong buy' from 'market perform' and introduced a price target of 260p. It said the company is likely to have reached the end of a stream of small profit warnings since 23 April 2015. The new target price implies a total shareholder return of 29% over the next 12 months.

SIG was boosted by an upgrade from Peel Hunt, while Safestore advanced after saying it has refinanced its US private placement notes (USPP) and amended bank facilities to extend the average maturity and lower the cost of the group's debt management by £3m a year.

Recruiter Hays was on the back foot, with traders pointing to news that Google is planning to launch a US jobs search engine.

Travel operator Thomas Cook slid after Barclays downgraded the stock to 'equalweight' from 'overweight' following the recent re-rating as it has almost reached its 100p price target. In addition, it noted that the company has outperformed TUI and the FTSE 250 and pointed to the ongoing challenging market, the lack of an imminent catalysts and concerns around the UK consumer.

Risers

Berendsen (BRSN) 1,108.00p 5.93%
Senior (SNR) 234.80p 5.67%
Petra Diamonds Ltd.(DI) (PDL) 135.20p 4.24%
Sophos Group (SOPH) 408.70p 4.07%
Renishaw (RSW) 3,524.00p 4.04%
SIG (SHI) 137.20p 3.39%
Safestore Holdings (SAFE) 436.50p 3.09%
Aldermore Group (ALD) 256.60p 2.97%
Kaz Minerals (KAZ) 486.60p 2.77%
WH Smith (SMWH) 1,791.00p 2.46%

Fallers

Hays (HAS) 165.10p -4.73%
Thomas Cook Group (TCG) 91.00p -4.41%
Ashmore Group (ASHM) 336.50p -3.86%
Euromoney Institutional Investor (ERM) 1,175.00p -3.37%
Allied Minds (ALM) 142.10p -2.74%
Pagegroup (PAGE) 474.00p -2.59%
CLS Holdings (CLI) 200.20p -1.86%
Brewin Dolphin Holdings (BRW) 320.90p -1.62%
Dairy Crest Group (DCG) 581.00p -1.53%
IP Group (IPO) 143.60p -1.51%

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.