IG Group Holdings (IGG)

Sector:

Financials

Index:

FTSE 250

947.50p
   
  • Change Today:
      14.00p
  • 52 Week High: 992.00p
  • 52 Week Low: 672.50p
  • Currency: UK Pounds
  • Shares Issued: 355.69m
  • Volume: 448,496
  • Market Cap: £3,370.14m
  • RiskGrade: 149
  • Beta: 0.84

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 947.50p
Change Today 14.00p
% Change 1.50 %
52 Week High 992.00p
52 Week Low 672.50p
Volume 448,496
Shares Issued 355.69m
Market Cap £3,370.14m
Beta 0.84
RiskGrade 149

IGG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.06% above the market average56.06% above the market average56.06% above the market average56.06% above the market average56.06% above the market average
35.19% above the sector average35.19% above the sector average35.19% above the sector average35.19% above the sector average35.19% above the sector average
Price Trend
78.92% above the market average78.92% above the market average78.92% above the market average78.92% above the market average78.92% above the market average
55.36% above the sector average55.36% above the sector average55.36% above the sector average55.36% above the sector average55.36% above the sector average
Income
59.89% above the market average59.89% above the market average59.89% above the market average59.89% above the market average59.89% above the market average
15.62% above the sector average15.62% above the sector average15.62% above the sector average15.62% above the sector average15.62% above the sector average
Growth
87.98% below the market average87.98% below the market average87.98% below the market average87.98% below the market average87.98% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% 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 21-Nov-2024

Time Volume / Share Price
16:20 1 @ 944.50p
16:20 1 @ 944.50p
16:20 1 @ 944.50p
16:20 1 @ 944.50p
16:20 0 @ 944.50p

IGG Key Personnel

Chair Robert Michael McTighe
CEO Breon Corcoran

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