FTSE 250 movers: Diploma top of the class as oilers fall

Mon 19 Nov 2018

LONDON (SHARECAST) - (Sharecast News) - London's FTSE 250 was down 0.57% at 18,694.38 in afternoon trade on Monday, as oil companies dropped amid continuing uncertainty.
Diploma was the top riser as the specialised technical products and services supplier posted a 9% jump in full-year adjusted pre-tax profit and said it remains confident of further progress in the coming year.

Looking forward to Brexit, the company warned that, with regard to the passing of a deal, a "prolonged disruption at the UK's borders has the potential to impact the supply chain" but assured investors that efforts had been made to build inventory levels and avoid such an issue.

Precision instrument supplier Spectris picked up steam ahead of a trading statement release on Tuesday, while financial were on the rise following heavy losses last week amid uncertainty over Prime Minister Theresa May's future, with OneSavings Bank and high-interest lender Amigo Holdings both higher.

Pharmaceutical company Indivior also made gains as its extended-release drug Perseris was released in the US for the treatment of schizophrenia in adults. FDA approval for Perseris was granted based on results from its phase three study of the product in 354 patients over an eight week period and the company said it anticipates and is preparing for a full promotional launch for the treatment by February 2019.

Oil companies Petrofac, Vivo Energy, Cairn Energy all dropped as oil prices weighed heavily on investor sentiment, while Weir Group, which offers engineering services to the oil and gas markets, also fell.

Hilton Food dropped as Peel Hunt reiterated its 'hold' rating and target price of 960p, with analysts expressing concern about the short-term consequences of Brexit for the UK's food companies. "The impact of a no-deal Brexit would be felt very quickly by the food industry if there is any delay at the ports given the short shelf life of many products. This would clearly be highly damaging if unresolved pretty quickly. However, it should not be beyond the skillsets of customs/politicians to ensure that food is prioritised at borders and French farmers are pretty adept at parking their tractors in inconvenient locations if politicians are being unhelpful," analysts wrote in the note.

Finally, construction outfit Kier Group was also on the downturn, possibly on the back of weekend reports about the government's need to cut costs on the HS2 rail project.

Market Movers

FTSE 250 (MCX) 18,694.38 0.57%

FTSE 250 - Risers

Diploma (DPLM) 1,369.00p 5.71%
Spectris (SXS) 2,225.00p 4.71%
Lancashire Holdings Limited (LRE) 616.00p 4.41%
Amigo Holdings (AMGO) 270.00p 4.05%
Just Group (JUST) 88.90p 3.73%
Hochschild Mining (HOC) 164.25p 3.73%
Indivior (INDV) 209.60p 3.61%
OneSavings Bank (OSB) 350.60p 3.30%
Inchcape (INCH) 575.75p 3.27%
Crest Nicholson Holdings (CRST) 350.20p 3.24%

FTSE 250 - Fallers

Petrofac Ltd. (PFC) 522.60p -3.01%
On The Beach Group (OTB) 398.50p -2.80%
Vivo Energy (VVO) 106.52p -2.51%
Cairn Energy (CNE) 180.40p -2.49%
UDG Healthcare Public Limited Company (UDG) 627.50p -2.41%
Hilton Food Group (HFG) 922.00p -2.33%
Weir Group (WEIR) 1,495.00p -2.06%
Kier Group (KIE) 838.50p -2.04%
Charter Court Financial Services Group (CCFS) 259.60p -2.04%
Mediclinic International (MDC) 335.30p -1.99%
AMGO - Amigo Holdings

Latest Prices

Name Price %
Amigo Holdings 240.00p -1.07%
Cairn Energy 208.00p -2.44%
Hilton Food Group 916.00p +0.66%
Kier Group 507.50p +1.50%
OneSavings Bank 367.80p +1.04%
Petrofac Ltd. 400.30p +1.75%
Spectris 2,641.00p +0.72%
Vivo Energy 129.38p +1.63%
Weir Group 1,567.50p +2.38%
FTSE 250 18,987 +0.47%
FTSE 350 4,009 +0.54%
FTSE All-Share 3,955 +0.52%
FTSE techMARK Focus 4,766 -0.08%
techMARK 3,530 +0.35%
Construction & Materials 5,520 +1.41%
Electronic & Electrical Equipment 6,965 -0.12%
Financial Services 9,852 -0.04%
Food Producers & Processors 6,963 -0.01%
General Retailers 2,134 -0.69%
Industrial Engineering 11,544 +0.65%
Oil & Gas Producers 8,999 -0.07%
Oil Equipment, Services & Distribution 10,565 +1.89%

Archived Stories

11 Dec Amigo Holdings appoints new CFO as Dighton steps down
30 Nov FTSE 250 movers: Kier crumbles, Amigo hit by 'sell' note
28 Nov Wednesday broker round-up
27 Nov Amigo Holdings profit and revenue rise as customer numbers grow