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Major Movers: Home Retail Group, Crest Nicholson, St Modwen Props, Northgate, Vedanta, Kaz Minerals

Last updated: 13:51 30 Jun 2015 BST, First published: 13:30 30 Jun 2015 BST

Van

Below are some of the main news-driven share price changes among FTSE 350 stocks at 1.130pm.

RISERS

Home Retail Group (LON:HOME), up 4.7%. Morgan Stanley has upgraded the Argos and Homebase owner to ‘overweight’ while the price target has been raised to 180p from 170p.

Crest Nicholson (LON:CRST), up 2.7%. JP Morgan Cazenove is sticking with its ‘neutral’ stance on the house builder but has lifted its price target to 600p from 550p.

St Modwen Properties (LON:SMP), up 2.1%. Interims from the property company got the thumbs up as profits quadrupled.

FALLERS

Northgate (LON:NTG), down 6.1%. Bob Mackenzie is to step down as chairman at the AGM in September. He’s not going out on a high, as the light commercial vehicle hire firm’s results got the thumbs-down, despite underlying profit before tax rising to £85mln from £60.3ml a year earlier, and the full-year divi being whacked up by 45% to 14.5p.

Vedanta Resources (LON:VED), down 4.5%. Deutsche Bank (DB) has abandoned its bullish stance on the minerals firm and is now neutral, having slashed the price target to 610p from 800p.

Kaz Minerals (LON:KAZ), down 2.4%. DB has also turned its attention to Kaz, and although it sticks with its ‘buy’ recommendation, the price target is chopped to 269p from 330p. JP Morgan Cazenove sticks with its ‘overweight’ recommendation but Caz sez Kaz is only worth 275p now, down from its previous fair value estimate of 290p.


Below are some of the main news-driven share price changes at 10.30am.

RISERS

Capital Lease Aviation (LON:CLA), up 12.4%. The commercial passenger aircraft leasing company is flying high after revealing it will pay a 2p dividend on 2 October. The company said it would pay dividends when it considers it prudent to do so.

Mountfield Group (LON:MOGP), up 11.5%. The building group said its recent change of focus is already producing results, and trading performance this year is much better than last year.

San Leon Energy (LON:SLE), up 11.2%. The oil and gas exploration company is wanted after a bullish results statement in which it looked forward to the onset of cash flow from its Polish assets in 2016.

FALLERS

Sinclair (William) Holdings (LON:SNCL), down 33.3%. Half-year results from the horticulture firm were full of weeds and bereft of flowers. The loss widened to £3.5mln from a loss of £1.8mln the year before.

Strat Aero (LON:AERO), down 22.7%. While Capital Lease is flying high, aerospace services company Strat Aero has run into a bit of turbulence following its results. The unmanned aerial vehicles specialist’s first set of results since listing on AIOM revealed a loss before tax of US$1.2mln on revenue of US$631k.

Motive Television (LON:MTV), down 18.8%. The TabletTV firm revealed the cost of gearing up for the launch of its revolutionary mobile television product, as losses ballooned to £12.5mln, largely as a result of an £8mln write-down in the value of an acquisition made five years ago.

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