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SSP Group (SSPG)

Share Price:
Down 666.00p
Change Today:
Market Cap:

FTSE 250 movers: Acacia sparkles, Kier slips

21 Jun 19

LONDON (ShareCast) - (Sharecast News) - London\'s FTSE 250 was down 0.26% at 19,333.51 in afternoon trade on Friday, as troubled construction outfit Kier led the index lower.
Meanwhile, Dixons Carphone declined for the second day in a row after posting a drop in full-year profit on Thursday and warning of further falls for the current trading year.

Analysts at Barclays downgraded their price target for the stock and cut 2019 earnings per share estimates from 0.22p to 0.14p, citing surprise at the electronics retailer\'s gloomy outlook for its mobile unit.

Shares in Domino\'s Pizza slumped after the company denied speculation that Andrew Rennie, the chief executive for Europe, was set to take over from UK & Ireland boss David Wild.

Domino\'s stock had risen sharply on Thursday after Sky News said the company was in advanced talks to replace Wild with Rennie, but Domino\'s said in a statement on the ASX on Friday that there is \"no substance\" to the speculation, and that Rennie has confirmed he is \"committed to his current role\".

At the other end of the pitch, gold miner Acacia shone after gold prices breached the $1,400 an ounce level for the first time since 2013 amid dovish signals from major central banks and rising tensions in the Middle East.

Joshua Mahony, senior market analyst at IG, said: \"The gold spike is driven by risk-off sentiment alongside dollar weakness, with overnight talk of a cancelled US strike on Iranian targets highlighting how close we are from a huge ramp-up in conflict between the two nations. While Trump may have called off the strike, the prospect of greater tension in the Middle East sent Brent crude into a three-week high this morning.\"

Finally, SSP Group climbed as analysts at Shore Capital restated their \'buy\' rating for the stock and lauded its \"significant\" profit growth, Paragon Banking Group edged higher to recover ground it lost on Thursday, when RBC Capital Markets downgraded the stock to \'underperform\' from \'sector perform\' and cut its price target to 410p from 440p.

Market Movers

FTSE 250 (MCX) 19,333.51 -0.26%

FTSE 250 - Risers

Acacia Mining (ACA) 184.50p 4.89%
SSP Group (SSPG) 671.00p 3.71%
Spirent Communications (SPT) 152.60p 3.53%
Saga (SAGA) 36.74p 3.49%
TI Fluid Systems (TIFS) 202.50p 3.21%
Rank Group (RNK) 158.60p 2.72%
PZ Cussons (PZC) 212.00p 2.66%
Greencore Group (GNC) 217.30p 2.40%
Polymetal International (POLY) 947.20p 2.27%
Paragon Banking Group (PAG) 444.00p 2.26%

FTSE 250 - Fallers

Kier Group (KIE) 116.72p -7.59%
Bakkavor Group (BAKK) 120.00p -7.41%
Dixons Carphone (DC.) 110.50p -6.51%
Indivior (INDV) 42.88p -4.67%
Contour Global (GLO) 176.19p -4.35%
Vivo Energy (VVO) 133.40p -4.03%
Games Workshop Group (GAW) 4,754.00p -3.69%
Domino\'s Pizza Group (DOM) 270.00p -3.50%
Amigo Holdings (AMGO) 232.06p -3.11%
John Laing Group (JLG) 374.72p -2.97%

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 666.00p
Change Today -13.00p
52 Week High 721.00p
52 Week Low 608.00p
Volume 472,553
Shares Issued 447.36m
Market Cap 2,979.39m


  Latest Previous
  Final Interim
Ex-Div 05-Mar-20 06-Jun-19
Paid 27-Mar-20 28-Jun-19
Amount 6.00p 5.80p