Evraz lifts H1 earnings despite Ukraine unrest and steel output fall
27th Aug 2014 09:01
Russian steel producer Evraz reported lower first-half steel production and revenue, but said cost-cutting had helped it boost earnings by 17%. The group also said political unrest in the Ukraine and related Western sanctions against Russia had not affected the company. However, it added: "With ke
Read moreFTSE 250 movers: Just Eat extends gains, shares now close to offer price
13th Aug 2014 15:00
The share price of Just Eat pushed even higher on Wednesday after the company said the previous day that profits trebled in the first half. The online takeaway marketplace said pre-tax profit was up 200% to £6m on revenues that jumped by 58% to £69.8m. The newly-listed stock has now jumped over 15
Read moreEvraz signs £252m syndicate loan
13th Aug 2014 12:32
Russian mining and steel making firm, Evraz, has completed the signing of a $425m (£252.7m) five-year pre-export credit facility with a syndicate of international banks, the company announced on Wednesday. The proceeds of the deal, signed by two of the firm's subsidiaries, Evraz Consolidated West S
Read moreFTSE 250 movers: AO World shares extend drop despite solid Q1
17th Jul 2014 15:27
AO World shares dropped on Thursday after the kitchen appliances retailer despite a seemingly strong first-quarter update with like-for-like sales up 30% as analysts cited concerns about the company launch in Germany later this year. Retail Analyst Nick Bubb said that the expansion into German is
Read moreEvraz reports slight increase in Q1 crude steel output
16th Jul 2014 09:34
Evraz reported a 1.1% quarter-on-quarter rise in crude steel output to 3.9m tonnes in the second quarter. Consolidated production of steel products, net of re-rolled volumes increased by 6%, driven by growth in production of construction products and rails in Russia. Average prices for most steel
Read moreFTSE 250 movers: Just Eat and Ocado lead slide
8th Jul 2014 15:40
Leading the FTSE 250 on its journey lower on Tuesday, Just Eat continued its own recent decline with a steep drop in the session, which fell along with fellow online retailer Ocado, which was knocked by a target price cut from Deutsche Bank from 350p to 330p. Although it was expected, slowing sales
Read moreFTSE 250 movers: Evraz soars on latest rumours
7th Jul 2014 15:45
Evraz shares extended Friday's gains, today lifted by rumours Mechel, a Russian miner, is planning to merge its assets with the steel giant. At the end of last week the group was lifted by rumours it was looking to offload a stake in its North American assets in an effort to cut debt. Balfour Beat
Read moreFTSE 250 movers: Greene King leads risers as Ocado falls
4th Jul 2014 15:59
Greene King recovered from yesterday's declines, which came after the pub owner warned that consumers were still cautious, despite posted a rise in profit. Computacenter rose after UBS upgraded its from 'neutral' to 'buy'. Evraz shares climbed on rumours that the company is looking to offload a
Read moreSector movers: Evraz lifts industrial metals higher
4th Jul 2014 15:48
A surge in the share price of steel group Evraz helped the industrial metal and mining sector to the top of the pile on an otherwise quiet trading session in London. While markets were subdued on the whole, with analysts citing low volumes due to a public holiday in the States, Evraz shares were 5.
Read moreFTSE 250 movers: RPC Group as annual results impress
4th Jun 2014 13:58
Plastic packaging firm RPC Group was a strong riser after the company beat analysts' forecasts with its annual results as adjusted pre-tax profits rose 12% to £89.5m. Panmure Gordon upped its target price from 728p to 787p and retained a 'buy' recommendation. Office space provider Workspace was als
Read moreLondon midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
Read moreFTSE 250 movers: Fenner plunges following profit warning
30th May 2014 14:21
Polymer products maker Fenner slumped after warning that underlying group profit before tax for the current fiscal year could be reduced by as much as 10-15% below the current consensus market expectation of £77.6m. This was partly due to what are expected to be "significantly weaker" than previou
Read moreFTSE 250 movers: Grainger rises on NAV increase
16th May 2014 14:14
Residential property owner and manager Grainger, the country's largest, climbed after saying it registered a net asset value (NAV) increase of 12.4 per cent to reach 272p over the six months ending on March 31st. Grainger was also lifted by Numis, which upgraded the stock from 'add' to 'buy', with a
Read moreLondon open: Stocks steady ahead of further data on US housing
16th May 2014 08:46
- Footsie steady in early trading - US and allies warn Russia of possible further sanctions - More US housing data due out techMARK 2,761.98 +0.15% FTSE 100 6,843.95 +0.04% FTSE 250 15,655.31 +0.25% Equities were slightly higher early on following yesterday's sharp falls worldwide in reaction to w
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