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Dixons Carphone (DC.)

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Down 135.80p
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FTSE 250 movers: Energean strikes higher, Ted Baker folds lower

04 Jul 19

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 was flat, edging just 0.04% higher to 19,799.02 in afternoon trade on Thursday, with Energean Oil & Gas leading the index's push higher.
The international oil and gas exploration and production company rallied after agreeing to buy Edison's oil and natural gas business for an initial consideration of $750m.

Mathios Rigas, chief executive of Energean, said: "The acquisition of Edison E&P establishes Energean as the leading independent, gas focused exploration and production company in the Mediterranean with a mainly operated, low cost, gas weighted portfolio, with the capability, focus and team to prosper in our rapidly changing industry."

Speciality chemicals company Synthomer made gains after having agreed to acquire Omnova Solutions on Wednesday as part of a $473m deal aimed at strengthening its global footprint, a move that gained the approval of analysts at Deutsche Bank.

"The strategic rationale makes sense to us, as the deal offers increased scale in water-based polymer solutions, new/higher exposure to attractive end sec- tors (e.g. oil and gas drilling, cementing and stimulation sectors) and strengthened regional presence, in particular in North America," said analysts.

Dixons Carphone also edged higher after Retail Week reported that the electronics retailer is planning to axe 140 jobs across its central functions, mostly at its head office in Acton.

Meanwhile, fashion retailer Ted Baker was the index's top faller, closely followed by Babcock and TalkTalk which dragged the index lower as their stocks went ex-dividend.

Market Movers

FTSE 250 (MCX) 19,799.02 0.04%

FTSE 250 - Risers

Energean Oil & Gas (ENOG) 955.00p 13.56%
Funding Circle Holdings (FCH) 133.40p 7.58%
Plus500 Ltd (DI) (PLUS) 612.60p 4.68%
Synthomer (SYNT) 386.40p 2.77%
Restaurant Group (RTN) 145.10p 2.69%
Go-Ahead Group (GOG) 2,102.00p 2.34%
WH Smith (SMWH) 2,088.00p 2.25%
Clarkson (CKN) 2,565.00p 2.19%
Stagecoach Group (SGC) 126.20p 2.10%
Dixons Carphone (DC.) 116.30p 2.02%

FTSE 250 - Fallers

Ted Baker (TED) 813.60p -5.89%
Babcock International Group (BAB) 442.20p -4.96%
Future (FUTR) 944.00p -4.65%
Metro Bank (MTRO) 546.50p -3.70%
Diploma (DPLM) 1,432.00p -3.24%
Amigo Holdings (AMGO) 179.60p -3.02%
Ferrexpo (FXPO) 269.96p -2.89%
FDM Group (Holdings) (FDM) 919.00p -2.34%
TalkTalk Telecom Group (TALK) 110.30p -2.13%
UDG Healthcare Public Limited Company (UDG) 776.00p -2.08%

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 135.80p
Change Today -0.55p
52 Week High 152.45p
52 Week Low 104.90p
Volume 1,062,210
Shares Issued 1,162.36m
Market Cap 1,578.48m


  Latest Previous
  Interim Final
Ex-Div 24-Dec-19 05-Sep-19
Paid 24-Jan-20 27-Sep-19
Amount 2.25p 4.50p