Evraz delays IPO of North American unit
15th Dec 2014 10:47
The biggest steel maker in Russia, Evraz, has shelved plans for an initial public offering (IPO) of its North American unit, due to the drop in the price of oil. It had planned to raise up to $500m by selling a stake of between 25% to 30% in Evraz North America Ltd., Bloomberg reported, citing three
Read moreFTSE 250 movers: Oil, gold and metal mining firms on the decline while retail sees an upswing
11th Dec 2014 14:17
Telecom firm Spirent Communications was rising on Thursday after being given a hold consensus recommendation by the 12 ratings firms currently covering the company. Liberum Capital upgraded the group to a 'buy' rating. The broker claimed: "Spirent is cheaper than its peers on all EV metrics and is a
Read moreFTSE 250 Movers: Miners hit by Chinese data, Inmarsat boosted by new partnership
20th Nov 2014 14:26
Kaz Minerals' shares plummeted alongside other mining companies Ferrexpo, Lonmin, Vedanta, Evraz Hochschild Mining who took a hit following the release of unfavourable Chinese manufacturing data early on Thursday. The slowdown in the pace of manufacturing growth and wider economic concerns caused re
Read moreFTSE 250 movers: Lonmin lifted by broker upgrade
20th Oct 2014 15:19
An upgrade from Liberum Capital helped lift shares in Lonmin on Monday. The broker now recommends investors keep 'hold' of the mining stock. BBA Aviation also took off after announcing that its Signature Flight Support business has agreed to acquire the fixed-base operator assets of Wiggins Airways
Read moreMonday broker round-up UPDATE
20th Oct 2014 09:48
African Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral rating. Centamin: Westhouse Securities shifts target price from 65p to 70p upgrading to buy. DCC:
Read moreFTSE 250 movers: Synergy Health soars on Steris Corp buy-out
13th Oct 2014 15:27
Synergy Health shares rocketed after it was announced US-based medical technology group Steris Corp. had agreed to buy the UK company for $1.9bn. Synergy shareholders will be paid 439p a share in cash and 0.4308 shares in the newly combined group, valuing shares in the FTSE 250 group at £1.2bn, or 1
Read moreFTSE 250 movers: Amec climbs after pleasing with update
3rd Oct 2014 15:57
Engineering and project management company Amec pleased with its first half results, in which it maintained its outlook and reported progress with its purchase of Foster Wheeler. Renishaw also rose after it reported a rise in first quarter revenue, supported by growth in the Far East. The UK engine
Read moreFTSE 250 movers: CSR rises after Microchip Tech deadline extended
25th Sep 2014 14:34
Shares in electronics group CSR were given a lift as the UK takeover panel extended the deadline for US suitor Microchip Technology to complete its bid negotiations. The previous deadline of 25 September has now been pushed back to 15 October. Oil and gas group Cairn Energy was higher after announci
Read moreFTSE 250 movers: Mining stocks drag after comments from China
22nd Sep 2014 15:38
The mining sector dragged the FTSE lower on Monday after China's finance minister over the weekend squashed speculation that the government would boost stimulus. China's Finance Minister Lou Jiwei said the government will not make any major policy changes in response to weak economic data and downwa
Read moreFTSE 250 movers: Domino Printing leads after reporting growth
19th Sep 2014 14:42
Inkjet, laser and thermal printing group Domino Printing led the upside after it reported that underlying growth in the core business was 9% in the 10 months to the end of August. Multinational mining company Evraz confirmed that it is considering the flotation of its North American subsidiary. In t
Read moreEvraz confirms plans of an IPO for North American unit
19th Sep 2014 09:32
Multinational mining company Evraz confirmed on Friday it is considering an initial public offering (IPO) of its North American subsidiary. The announcement said the company "remains committed to its North American operations and continuing to grow its business in North America". It said the IPO wo
Read moreEvraz prepares spin-off and IPO in the US "within days", reports say
18th Sep 2014 17:06
Multinational mining company Evraz is preparing a spin-off and an initial public offering (IPO) of its North American unit, reports said. The largest producer of steel saw its shares rise 9.2% to 143p on Thursday on the London Stock Exchange after people close to the matter told Bloomberg the deal w
Read moreSector movers: Evraz, Ferrexpo lead industrial miners higher on Ukraine hopes
3rd Sep 2014 16:00
Peace talks in Ukraine were giving the industrial metals and mining sector in London a big boost on Wednesday. Steel group Evraz and iron ore producer Ferrexpo, which both have assets eastern Europe, were among the best performers in the sector, up over 5% and 3% in afternoon trade, respectively.
Read moreFTSE 250 movers: Redrow joins housebuilder slide despite strong results
2nd Sep 2014 14:36
Housebuilders were among the worst performing stocks on the FTSE 250 on Tuesday afternoon as rate-hike speculation continued to dominate sentiment. Data released earlier in the session showed that UK construction activity reached a seven-month high in August. Redrow was even in the red despite beat
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
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