FTSE 250 movers: Carillion rallies but Ashmore slips after update

Fri 14 Jul 2017

LONDON (SHARECAST) - (ShareCast News) - London's FTSE 250 was down 0.1% to 19,406.04 in afternoon trade.

Construction and infrastructure services group Carillion was the standout gainer as the company - which was hit by a massive profit warning earlier this week - said it has hired HSBC as its second financial adviser and joint corporate broker with immediate effect.

Analysts suggested that it looked like HSBC will be, or are already, involved in any potential rescue fundraising.

However, in other bad news for the group, Oxfordshire County Council was said to be cutting short its 10-year contract with the company, which was due to run until 2022 and was worth 500m.

Carillion signed the contract in 2012 to provide a range of services, including construction and facilities management, for the council.

Derwent London was boosted by an upgrade to 'outperform' at Exane BNP Paris.

Going the other way, emerging markets asset manager Ashmore fell despite reporting a 5% jump in fourth-quarter assets thanks to a positive investment performance and net inflows. Total assets under management rose to $58.7bn, with net inflows of $1.2bn and a positive investment performance of $1.6bn.

The company said momentum in gross sales continued across the product range in the quarter and gross redemptions fell again on the quarter. Meanwhile, subscriptions were from a diverse range of client types, and included both new mandates and additional allocations from existing clients.


Carillion (CLLN) 58.20p 4.96%
Polymetal International (POLY) 901.00p 3.33%
Ferrexpo (FXPO) 214.70p 3.27%
Derwent London (DLN) 2,736.00p 3.17%
Hunting (HTG) 496.90p 2.92%
Capital & Counties Properties (CAPC) 302.90p 2.71%
Great Portland Estates (GPOR) 610.50p 2.52%
Drax Group (DRX) 346.30p 2.49%
Centamin (DI) (CEY) 161.10p 2.35%
Telecom Plus (TEP) 1,134.00p 2.16%


Sophos Group (SOPH) 437.00p -4.88%
Daejan Holdings (DJAN) 6,395.00p -2.52%
TBC Bank Group (TBCG) 1,618.00p -2.35%
Pets at Home Group (PETS) 156.90p -2.06%
Electra Private Equity (ELTA) 1,636.00p -1.74%
Bellway (BWY) 3,010.00p -1.73%
Virgin Money Holdings (UK) (VM.) 300.10p -1.70%
Ashmore Group (ASHM) 344.90p -1.68%
Redefine International (RDI) 38.96p -1.64%
Galliford Try (GFRD) 1,265.00p -1.56%
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