Grocer banner

Ted Baker (TED)

Share Price:
Up 392.00p
Change Today:
Market Cap:

FTSE 250 movers: Acacia Gold shines, Funding Circle falters

19 Jul 19

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 was up 0.35% at 19,604.19 in afternoon trade on Friday, with Acacia Gold leading the index higher.
The gold miner's shares surged as it agreed to be bought by Barrick Gold in a deal that values the UK gold miner at about 951m and concludes two months of fractious talks between the companies.

Russ Mould, investment director at AJ Bell, said: "The protracted saga over Barrick Gold's takeover of Acacia Mining seems to have come to an end today.

"As a majority shareholder Barrick was in a strong bargaining position so Acacia has done well to squeeze a bit more out of its suitor. Investors may be relieved too given the difficulties

"Acacia has encountered of late with the authorities in Tanzania, problems which it is hoped this transaction will go some way to solving."

Miners were on the rise due to a jump in copper prices, with Kaz Minerals racking up strong gains.

Aston Martin Lagonda was also a high riser as its biggest shareholder, Strategic European Investment Group, offered to buy a further 3% stake in the car maker.

Dunelm rose after its chief executive and chief financial officer snapped up some shares in the retailer, while SSP inched higher after stating that its third quarter revenue rose 9.2% on a constant currency basis.

Funding Circle led the fallers at the other end of the index, while merchant bank Close Brothers was close behind as it said it delivered lower trading volumes in its securities arm amid "mixed" trading conditions.

Analysts from Shore Capital said: "Overall the group is said to have delivered a 'solid performance' despite 'mixed trading conditions'.

"However, the general tone of the statement read cautiously and, consequently, we trim our profit forecasts by 1-2%, with a slightly larger downgrade anticipated to consensus, which appears to have been a little slower to respond to the disappointing Q3 update published in May."

Moneysupermarket slipped lower a day after reporting a slowdown in sales growth, with analysts at Berenberg stating that they expect the deceleration in growth to continue due to a challenging outlook and even tougher comparatives in the second half of the year.

Finally, Ted Baker dipped after being initiated at 'equalweight' by analysts at Morgan Stanley, who raised concerns over the resignation of founder Ray Kelvin in March along with a lack of potential positive catalysts.

Market Movers

FTSE 250 (MCX) 19,604.19 0.35%

FTSE 250 - Risers

Acacia Mining (ACA) 222.80p 19.40%
Kaz Minerals (KAZ) 579.20p 6.08%
Marston's (MARS) 125.31p 3.05%
Aston Martin Lagonda Global Holdings (AML) 992.19p 3.03%
GVC Holdings (GVC) 629.30p 3.00%
Sirius Minerals (SXX) 16.33p 2.91%
Entertainment One Limited (ETO) 441.40p 2.89%
Hochschild Mining (HOC) 211.00p 2.83%
Dunelm Group (DNLM) 914.00p 2.52%
SSP Group (SSPG) 698.00p 2.50%

FTSE 250 - Fallers

Funding Circle Holdings (FCH) 118.60p -4.20%
Close Brothers Group (CBG) 1,393.00p -4.00%
Amigo Holdings (AMGO) 166.12p -2.85% Group (MONY) 360.30p -2.36%
TalkTalk Telecom Group (TALK) 106.50p -2.29%
Ted Baker (TED) 825.00p -1.96%
Hill & Smith Holdings (HILS) 1,151.00p -1.79%
IP Group (IPO) 68.75p -1.78%
Cineworld Group (CINE) 247.30p -1.51%
QinetiQ Group (QQ.) 273.60p -1.51%

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 392.00p
Change Today 7.40p
52 Week High 2,120.00p
52 Week Low 366.00p
Volume 359,344
Shares Issued 44.57m
Market Cap 174.70m


  Latest Previous
  Interim Final
Ex-Div 10-Oct-19 16-May-19
Paid 22-Nov-19 21-Jun-19
Amount 7.80p 40.70p