Ascential (ASCL)

Sector:

Media

Index:

FTSE 250

340.00p
   
  • Change Today:
      4.50p
  • 52 Week High: 548.08
  • 52 Week Low: 317.50
  • Currency: UK Pounds
  • Shares Issued: 204.98m
  • Volume: 1,227,872
  • Market Cap: £696.92m
  • RiskGrade: 204

FTSE 250 movers: Media stocks Future and Ascential see shares surge

By Benjamin Chiou

Date: Thursday 04 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Future stole the show on Thursday after the media group reported a return to organic revenue growth in its second quarter, largely attributed to robust performances in Go.Compare, B2B sectors, and resilient magazine sales.




The FTSE 250 specialist publisher said challenges were persisting in affiliate products and digital advertising, but that it was confident in its ability to meet expectations for the full 2024 financial year, pending any impact from foreign exchange translation.

Also in demand was Ascential, the B2B media and events company, after expanding on plans to return £850m to shareholders. The return involves a tender offer to acquire up to £300m of Ascential shares, a special dividend of at least £450m, and on-market share buyback programmes to acquire £100m of Ascential shares. Shares jumped 3%.

Aston Martin Lagonda Global was performing well, rising more than 3% on the same day that Swedish carmaker Volvo reported its best-ever single month of sales in March, with unit deliveries up a quarter on the year before.

OSB Group led the fallers list after going ex-dividend, meaning that new shareholders won't be entitled to the company's latest dividend payout. Breedon, Hammerson and Domino's were also ex-dividend.

Meat, seafood and meat alternatives group Hilton Foods was in the red, pulling back after a decent gain the previous session after it reported a 20% increase in full-year adjusted profits, helped by the turnaround in its seafood business.

Power generation business Drax edged higher after revealing it had signed a new £150m term-loan facility to help refinance its debt which expires next year.



FTSE 250 - Risers

Future (FUTR) 662.00p 10.43%
Pagegroup (PAGE) 477.80p 6.04%
Mitie Group (MTO) 111.20p 5.10%
Dr. Martens (DOCS) 96.45p 3.93%
Wizz Air Holdings (WIZZ) 2,248.00p 3.88%
Close Brothers Group (CBG) 442.40p 3.41%
Ascential (ASCL) 315.20p 3.28%
Aston Martin Lagonda Global Holdings (AML) 167.10p 3.28%
Mobico Group (MCG) 65.60p 2.90%
SDCL Energy Efficiency Income Trust (SEIT) 60.50p 2.89%

FTSE 250 - Fallers

OSB Group (OSB) 367.40p -2.96%
Hammerson (HMSO) 27.76p -2.73%
Hilton Food Group (HFG) 848.00p -2.30%
Breedon Group (BREE) 381.50p -2.18%
Domino's Pizza Group (DOM) 339.80p -1.96%
Lancashire Holdings Limited (LRE) 603.00p -1.95%
Barr (A.G.) (BAG) 574.00p -1.88%
Trustpilot Group (TRST) 189.80p -1.76%
Britvic (BVIC) 793.50p -1.55%
Finsbury Growth & Income Trust (FGT) 834.00p -1.42%

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Ascential Market Data

Currency UK Pounds
Share Price 340.00p
Change Today 4.50p
% Change 1.34 %
52 Week High 548.08
52 Week Low 317.50
Volume 1,227,872
Shares Issued 204.98m
Market Cap £696.92m
RiskGrade 204

Ascential Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.15% below the market average9.15% below the market average9.15% below the market average9.15% below the market average9.15% below the market average
28.89% above the sector average28.89% above the sector average28.89% above the sector average28.89% above the sector average28.89% above the sector average
Price Trend
58.4% below the market average58.4% below the market average58.4% below the market average58.4% below the market average58.4% below the market average
31.91% below the sector average31.91% below the sector average31.91% below the sector average31.91% below the sector average31.91% below the sector average
Income Not Available
Growth
88.14% below the market average88.14% below the market average88.14% below the market average88.14% below the market average88.14% below the market average
76.74% below the sector average76.74% below the sector average76.74% below the sector average76.74% below the sector average76.74% below the sector average

Ascential Dividends

  Latest Previous
  Special Interim
Ex-Div 20-May-24 29-Aug-19
Paid 03-Jun-24 27-Sep-19
Amount 128.60p 1.80p

Trades for 18-Jun-2024

Time Volume / Share Price
16:35 165,183 @ 340.00p
16:35 722 @ 340.00p
16:35 1,023 @ 340.00p
16:35 1,686 @ 340.00p
16:35 5,373 @ 340.00p

Ascential Key Personnel

Chair Scott Forbes
CFO Mandy Gradden
CEO Philip Thomas

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