IG Group Holdings (IGG)

Sector:

Financials

Index:

FTSE 250

895.00p
   
  • Change Today:
      4.50p
  • 52 Week High: 992.00
  • 52 Week Low: 638.50
  • Currency: UK Pounds
  • Shares Issued: 356.93m
  • Volume: 1,433,150
  • Market Cap: £3,194.55m
  • RiskGrade: 149

FTSE 250 movers: Grafton rises on acquisition, Hochschild in the red

By Josh White

Date: Wednesday 30 Oct 2024

LONDON (ShareCast) - (Sharecast News) - The FTSE 250 was trading more than 1% higher on Wednesday afternoon, with the gains driven by updates from a number of companies earlier in the session.
Building materials distributor Grafton Group saw its shares climb after announcing the acquisition of Salvador Escoda, a major HVAC distributor in Spain, for up to €132m.

Salvador Escoda, established in 1974, supplies air conditioning, heating, ventilation, and renewable products to installers across Spain from its 93 branches and four distribution centres.

Over half of its revenue stems from private label brands, which aligns with Grafton's expansion strategy in fragmented markets with strong growth prospects.

Elsewhere, Aston Martin Lagonda made gains after reporting a smaller-than-anticipated third-quarter loss, bolstered by an 8% increase in revenue to £391.6m.

The carmaker's adjusted pre-tax loss narrowed to £10.3m, well below analysts' forecasts of a £92 million loss.

With a growing order book and new models in the pipeline, Aston Martin reiterated its confidence in achieving its full-year targets.

IG Group also rose following its announcement of Clifford Abrahams as the incoming chief financial officer, effective 16 December.

Abrahams, currently CFO at Virgin Money UK, brings substantial financial expertise, with previous experience as group CFO at ABN Amro Bank and Delta Lloyd Group.

On the downside, Hochschild Mining shares declined after disclosing its subsidiary, Amarillo Mineração, would acquire the Monte Do Carmo Project in Brazil from Cerrado Gold for $60m.

The deal involved an initial $30m payment, with an additional $15m to be paid post-closing at specific milestones.

Hochschild, which received shareholder approval for the acquisition in June, expects this project to expand its mining portfolio but faces investor caution over the financial outlay.

Reporting by Josh White for Sharecast.com.



FTSE 250 - Risers

Grafton Group Ut (CDI) (GFTU) 1,052.80p 5.33%
Crest Nicholson Holdings (CRST) 188.00p 4.79%
BlackRock Smaller Companies Trust (BRSC) 1,468.00p 4.71%
Ibstock (IBST) 210.00p 4.48%
Travis Perkins (TPK) 862.00p 4.36%
Ocado Group (OCDO) 366.60p 4.24%
Auction Technology Group (ATG) 460.00p 4.19%
Alpha Group International (ALPH) 2,145.00p 4.13%
Trustpilot Group (TRST) 251.50p 3.71%
Big Yellow Group (BYG) 1,252.00p 3.64%

FTSE 250 - Fallers

Close Brothers Group (CBG) 236.60p -3.19%
Dr. Martens (DOCS) 55.10p -2.56%
Carnival (CCL) 1,506.00p -2.21%
Hochschild Mining (HOC) 232.00p -2.11%
Fidelity China Special Situations (FCSS) 213.50p -2.06%
Centamin (DI) (CEY) 161.30p -1.35%
JPMorgan Emerging Markets Inv Trust (JMG) 107.20p -1.29%
Bridgepoint Group (Reg S) (BPT) 322.20p -1.17%
Templeton Emerging Markets Inv Trust (TEM) 166.00p -0.95%
Finsbury Growth & Income Trust (FGT) 839.00p -0.94%

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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.

 

IGG Market Data

Currency UK Pounds
Share Price 895.00p
Change Today 4.50p
% Change 0.51 %
52 Week High 992.00
52 Week Low 638.50
Volume 1,433,150
Shares Issued 356.93m
Market Cap £3,194.55m
RiskGrade 149

IGG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.37% above the market average61.37% above the market average61.37% above the market average61.37% above the market average61.37% above the market average
46.79% above the sector average46.79% above the sector average46.79% above the sector average46.79% above the sector average46.79% above the sector average
Price Trend
74.60% above the market average74.60% above the market average74.60% above the market average74.60% above the market average74.60% above the market average
64.60% above the sector average64.60% above the sector average64.60% above the sector average64.60% above the sector average64.60% above the sector average
Income
63.32% above the market average63.32% above the market average63.32% above the market average63.32% above the market average63.32% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Growth
87.75% below the market average87.75% below the market average87.75% below the market average87.75% below the market average87.75% below the market average
70.87% below the sector average70.87% below the sector average70.87% below the sector average70.87% below the sector average70.87% below the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IGG Dividends

  Latest Previous
  Final Interim
Ex-Div 19-Sep-24 01-Feb-24
Paid 17-Oct-24 01-Mar-24
Amount 32.64p 13.56p

Trades for 31-Oct-2024

Time Volume / Share Price
17:33 163,613 @ 890.51p
17:33 22,279 @ 890.51p
17:33 130,544 @ 890.51p
17:33 139,404 @ 890.51p
16:35 457,721 @ 895.00p

IGG Key Personnel

Chair Robert Michael McTighe
CEO Breon Corcoran

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