FTSE 250 movers: Gold miners weigh against rising builders
22nd Aug 2016 13:44
(ShareCast News) - The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies. Amid general renewed pressure on commodity prices hitting much of the sector, gold miners were the heaviest weight around the neck of the mid-cap ind
Read moreFTSE 250 movers: Kaz Minerals surges, Evraz slumps
18th Aug 2016 15:29
(ShareCast News) - The FTSE 250 rose 0.59% to 17,863.91 points in Thursday afternoon trade. Kaz Minerals was the biggest riser on London's second tier index after it reported a rise in first half earnings and said its new Bozshakol project is on track for commercial output in the second half. Fo
Read moreEvraz's revenue falls due to low steel prices and demand
18th Aug 2016 08:28
(ShareCast News) - Russian steel miner Evraz's half-year revenue fell due to weak steel prices and low demand but remains "cautiously optimistic" for the second half of the year. For the six months ended 30 June, revenue decreased by 27.6% to $3,543m, compared to the same period last year. Evraz sai
Read moreIndustrial metals and mining shares pace advance
8th Aug 2016 17:21
(ShareCast News) - Investors continued to shift out of the more defensive segments of the stockmarket and towards cyclical sectors in the wake of the previous session´s unexpectedly strong US jobs feport for July. Industrial Metals & Mining thus received a boost as steel futures climbed. Overnight,
Read moreSector movers: Real estate, Oil&Gas pace gains, mining down
19th Jul 2016 10:54
(ShareCast News) - Real estate investment trusts led to the upside despite the International Monetary Fund and European Commission's decision on Tuesday to take a knife - as might have been expected - to their forecasts for the British economy next year. In the case of the Washington-based
Read moreEvraz Q2 steel production falls 9.9%
19th Jul 2016 07:47
(ShareCast News) - Russian steel maker Evraz said consolidated second quarter crude steel output fell 9.9% to 3.2m tonnes against the previous three months, primarily due to planned capital repairs at a blast furnace. Production of steel products, net of re-rolled volumes, fell to 2.9m tonnes quarte
Read moreShares in ARM Holdings rocket, oil and steel-related stocks fall
18th Jul 2016 17:22
(ShareCast News) - Cyclicals paced gains on the FTSE 350, with technology shares easily the best performers as shares of ARM Holdings rocketed on the back of a £23bn-pound all-cash offer from Japan's SoftBank. In remarks to the BBC, ARM's founder Hermann Hauser said Monday was "a sad day for technol
Read moreEvraz confirms new blast furnace for Nizhny Tagil
14th Jul 2016 07:51
(ShareCast News) - EVRAZ announced the start of a new blast furnace at its Nizhny Tagil Metallurgical Plant in Sverdlovsk, Russia. The FTSE 250 firm said a symbolic plate was laid into the foundation of the unit during a Steelworker's Day celebration. "We continue to invest in the development of ou
Read moreFinancials, Fixed-line telecoms pace gains
20th Jun 2016 15:48
(ShareCast News) - Life insurers, Fixed line telecommunications, Banks and financial services paced jumped after a flurry of polls over the weekend pointed to renewed momentum for the 'Remain' camp. The news sent the Footsie to its largest one-day advance since February, with just three of the bench
Read moreFTSE 250 movers: Sports Direct surges as Tullett Prebon slips
7th Jun 2016 14:49
(ShareCast News) - The FTSE mid-cap eked out minor gains in an overall quiet session except for Sports Direct boss Mike Ashley's candid turn before the Commons Business, Innovation and Skills Select Committee. Ashley alleged Sports Direct, whose shares rose more than 5% as the market reacted positiv
Read moreFTSE 250 movers: Resources rise with gold, crude as Brexit jitters dampen housebuilders
6th Jun 2016 15:10
(ShareCast News) - Rising crude and metals prices helped propel several resources-linked FTSE 250 stocks higher in an overall quiet session, with concurrent Brexit jitters weighing on the housing sector. At 1519 BST, West Texas Intermediate crude was up 1.83% to $49.51 a barrel, while Brent firmed 1
Read moreEvraz North America's stand alone credit profile cut to 'b-'
27th May 2016 15:47
(ShareCast News) - Evraz North America has had its stand-alone credit profile (SACP) cut to 'b-' from 'b' by S&P Global Ratings. The ratings outfit cited its expectation that the steel producer would have constrained operating and financial performance in 2016, with some recovery in 2017, amid weak
Read moreFTSE 250 movers: Iron ore prices push resources higher
12th Apr 2016 14:47
(ShareCast News) - The FTSE 250 remained in the black on Tuesday afternoon, as investors digested better-than-expected inflation data which reached its highest point in a year. Resources producers, including Evraz and Vedanta Resources, were on the up as iron ore prices surged towards $60 per tonne.
Read moreFTSE 250 movers: Subsiding house builders undermine index
11th Apr 2016 15:35
(ShareCast News) - The FTSE 250 could not match the small rise of its blue chip neighbour index, falling 0.26% on Monday as its property and housebuilding stocks cast a shadow across the mid caps. House builders on the FTSE 250, including Galliford Try, Crest Nicholson, Bellway, Redrow and Bovis Hom
Read moreTough steel market sees Evraz earnings slashed
15th Mar 2016 07:43
(ShareCast News) - Steelmaker Evraz saw earnings fall by more than a third in its 2015 results on Tuesday, though the FTSE 250 firm still managed to shrink its net loss and net debt during the calendar year. During 2015, the firm saw free cash flow of $799m (£561m), down 21% on 2014's $1.01bn. Evraz
Read more