Evraz first-half profit rises on cost-cutting measures
27th Aug 2015 08:16
(ShareCast News) - Evraz posted a 21% jump in interim pre-tax profit despite a drop in revenue, as the steelmaker cut costs and benefited from the devaluation of the Russian rouble. First-half pre-tax profit was $120m, up from $99m in the same period last year, despite a decline in revenue to $4.79b
Read moreFTSE 250 movers: Mining and oil stocks in the red
27th Jul 2015 18:30
(ShareCast News) - Lonmin led the miners lower on the FTSE 250 after a downgrade from HSBC hurt the platinum producer's shares. HSBC downgraded the stock to 'hold' from 'buy' and slashed its price target to 82p from 222p. The bank said medium-term earnings and EBITDA estimates are substantially lowe
Read moreSector movers: Natural resources stocks trigger another London market decline
23rd Jul 2015 15:38
(ShareCast News) - Natural resources, especially mining and metals, along with telecommunications stocks triggered yet another London market decline on Thursday. The FTSE 100 was down 12.33 points or 0.18% at 6655.01, while FTSE 250 was down 26.55 or 0.15% with mining, metal and oil stocks leading a
Read moreFTSE 250 movers: Mitchells and Butlers surges on upgrade, miners lower
22nd Jul 2015 14:40
(ShareCast News) - Mid-caps edged lower on Wednesday, as gains in the construction and insurance sectors were eclipsed by weakness from technology, mining, engineering and oil stocks. As of 1600 BST, the FTSE 250 was trading 0.5% lower at 17,660. Mitchells & Butlers topped the risers after Numis ra
Read moreLondon open: Focus shifting from Greece to central banks
17th Jul 2015 10:07
(ShareCast News) - Bank Rate might be headed higher sooner than markets expect, Bank of England Governor Mark Carney told an audience last night at Lincoln Cathedral. The central bank chief said: "In my view, the decision as to when to start such a process of adjustment will likely come into sharper
Read moreEvraz reports crude steel output down 14%
17th Jul 2015 09:13
(ShareCast News) - Russian mining company Evraz said crude steel output was down 14% quarter on quarter, at 3.4mt. Evraz blamed the fall on the deconsolidation of its South African producer and repair and maintenance at Russian mills. The FTSE 250 company said production of steel products, net of r
Read moreEvraz bags $200m loan from Alfa Bank
15th Jul 2015 15:44
(ShareCast News) - Steelmaking and mining company EVRAZ has received a new unsecured $200m four-year loan from Alfa Bank, due in 2019. The proceeds of the loan will be used for refinancing financial indebtedness, the company said. At 14:48, EVRAZ shares were down 4.4% at 117.80p.
Read moreFTSE 250 movers: Hiscox and Alent hit by downgrades, miners lower
14th Jul 2015 14:30
(ShareCast News) - Mid-caps were in the red on Tuesday as a raft of negative broker comment weighed on stocks and industrial metals stocks plunged. As of 14:45 BST, the FTSE 250 was trading 0.8% lower at 17,573. Insurer Hiscox was in the red as analysts at Credit Suisse downgraded the stock to 'und
Read moreFTSE 250 movers: Jimmy Choo boosted by Barclays coverage, Synthomer lower on disappointing profits
2nd Jul 2015 13:15
Mid-caps were trading slightly higher on Thursday, though weakness in the industrial metals, transport and technology provided a drag on gains. As of 16:00 BST, the FTSE 250 was trading 0.2% higher at 17,674. Jimmy Choo was trading higher after Barclays initiated coverage on the stock with an 'over
Read moreFTSE 250 movers: Ladbrokes surges on merger talks, Jimmy Choo hit by legal threat
23rd Jun 2015 13:30
Mid caps were on the up on Tuesday, as weakness in the industrial metals sector was eclipsed by strength in oil, telecommunications and engineering stocks. As of 15:15 BST, the FTSE 250 was trading 0.6% higher at 18,010. Ladbrokes shares jumped after the bookie chain confirmed it was in merger talk
Read moreFTSE 250 movers: Vedanta surges on takeover hints, Pets at Home lower on stake cut
9th Jun 2015 13:17
Mid caps were trading in the red on Tuesday, as construction, insurance and technology stocks put in weak performances. As of 15:00 BST, the FTSE 250 was trading 0.2% lower at 17,842.09. Vedanta Resources topped the risers as the company's response to media speculation that it could merge its subsi
Read moreSector movers: Mining, materials stocks hammered as London ends lower
9th Jun 2015 10:26
Mining and materials stocks led the London market lower on Tuesday, with Greece still hounding investor sentiment. The blue chip FTSE 100 closed 0.53% or 36.24 points lower at 6753.80, as Chinese data hammered the mining sector since the commencement of proceedings fairly early on in the session. A
Read moreFTSE 250 movers: Foxtons hit by overcharging allegations, oil stocks higher
8th Jun 2015 13:50
Mid caps were in the red on Monday afternoon, as gains made by oil and mining stocks were overshadowed by weakness in the pharmaceutical, engineering and retail sectors. As of 15:45, the FTSE 250 was trading 0.13% lower at 17,908. Foxtons led the fallers as The Guardian reported that London law fir
Read moreFTSE 250 movers: Ladbrokes boosted by upgrade, property stocks lower
4th Jun 2015 13:19
Mid-caps were trading in the red on Thursday afternoon, as weakness in industrial metals, engineering and property stocks weighed on the market. As of 15:30 BST, the FTSE 250 was trading 0.66% lower at 18,142 points. Ladbrokes was making gains as broker Peel Hunt upgraded its rating on the stock to
Read moreSector Movers: Miners, foods retailers send London market lower
29th May 2015 15:47
London market slipped back into the red on Friday trading, with miners and food retailers bearing the brunt of the selloff. The FTSE 100 came in at 6984.43 down 0.80% or 56.49 points, as traders indulged in an end of the week profit taking spree as Thursday's gainers in the shape of bankable tobacco
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