FTSE 250 movers: Mitie hit by minimum wage dispute, Enterprise Inns higher on expansion plans
13th May 2015 13:16
UK stocks rebounded on Wednesday, driven by the Bank of England pushing back rate-hike predictions and a dip in unemployment. Sector-wise, property, energy and engineering stocks extended gains, while travel and utilities dipped. As of 03:30, the FTSE 250 was trading 193 points, or 1.09% higher at 1
Read moreGenus revenues and profits in line with full-year expectations
12th May 2015 09:06
Animal genetics company Genus said in a brief trading update on Tuesday that is has been performing well during the first months of the year. The group said its volumes, revenues and adjusted profit before tax have increased compared with last year. It added it is trading in line with expectations f
Read moreFTSE 250 movers: Evraz higher on pledge to buy back shares, RPC reverses
1st Apr 2015 13:19
Russia-focused steelmaker Evraz surged after pledging to buy-back shares despite reporting a net loss of $1.28bn last year. FirstGroup rose strongly after saying trading for the year to the end of March had remained in line with expectations, with progress continuing on its medium-term transformatio
Read moreGenus acquires 51% stake in Vitro Brasil
1st Apr 2015 08:01
Animal genetics group Genus has completed the acquisition of a 51% stake in biotechnology firm Vitro Brasil for an undisclosed amount. The FTSE 250 group did not disclose financial details of the deal, which was originally agreed on 16 February, but it stated that the Brazil-based company was an "ex
Read moreGenus on track to beat expectations
24th Feb 2015 08:30
Animal genetics group Genus said it was on track to beat its expectations for 2015 on the back of a strong first half performance, though it cautioned the second may see a slowdown from this fast start. In the six months to 2014, the group reported a pre-tax profit of £28.6m, up from £22m in the pre
Read moreGenus buys 51% stake of In Vitro Brasil
16th Feb 2015 15:05
Genus said on Monday it will acquire a major stake in In Vitro Brasil (IVB), a bovine in-vitro fertilisation technology provider.Its bovine genetics business ABS will buy 51% of the share capital of IVB for £4.6m. The transaction is expected to be completed during the first quarter of 2015 and Genus
Read moreFriday broker round-up:
14th Nov 2014 19:34
TSB Banking: Shore Capital reiterates buy with a target price for 325p. Vernalis: Canaccord Genuity ups target to 66p from 56p and reiterates buy. Aggreko: Panmure Gordon and Investec reiterate hold. Gemfields: Numis initiates coverage with a buy recommendation and 70p target price. Ithaca Energy
Read moreFTSE 250 movers: Premier Farnell drops after warning on operating margin
14th Nov 2014 16:05
Shares in technology products distributor Premier Farnell took a hit after the group warned that its full-year operating margin would be "slightly" below prior year levels. The group experienced softer market conditions in Asia and Europe, which dragged the gross margin 0.5 percentage points lower.
Read moreGenus delivers in line performance, conditions improving
14th Nov 2014 07:56
Genus reported a performance in-line with expectations for the period since 1 July, with an increase seen across volumes, revenues and adjusted profit before tax. However, growth at the animal genetics company in actual currency terms came in at a lower rate than in constant currency. The group sai
Read moreFTSE 250 movers: African Barrick Gold leads upside
10th Sep 2014 15:48
A rise in gold futures helped lift African Barrick Gold. N+1 Singer gave Genus a lift to 'buy' from 'hold' and increased its target price from 1,000p to 1,287p. Greene King was knocked lower by Numis which lowered its rating on the stock from 'buy' to 'add'. Restaurant Group was also in the red af
Read moreGenus profits hit by Chinese weakness, but revenues top estimates
3rd Sep 2014 08:35
Animal genetics group Genus said a "challenging year" had meant results fell short of its own growth objectives, even though they beat analyst expectations. Revenues rose 8% in actual exchange rates (12% at constant rates) to £372.2m in the 12 months to 30 June, with the divisions ABS (dairy and be
Read moreWednesday preview: All eyes on UK services PMI on Wednesday morning
2nd Sep 2014 16:54
A crucial gauge of the UK economy, the services purchasing managers index (PMI), is published at 09.30 on Wednesday, with economists predicting a slide to 58.5 from the 59.1 recorded last month. Services is the main contributor to UK gross domestic product, with the sector employing around four-fi
Read moreThursday broker round-up UPDATE
21st Aug 2014 11:34
Beowulf Mining: Cantor Fitzgerald places its target price under review, while keeping a buy recommendation. Cairn Energy: Investec ups target price from 220p to 245p and reiterates a buy recommendation. Carillion: Oriel reinstates with a target price of 402p and a buy recommendation. Gem Diamonds
Read moreLondon close: Investors ponder merits of TSB float
27th May 2014 16:58
- FTSE 100 catches up after long weekend - Euroscepticism tempered by election results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,786.31 +1.03% FTSE 100 6,844.94 +0.43% FTSE 250 15,843.93 +0.88% Equities ende
Read moreFTSE 250 movers: AVEVA and Greencore rise on broker comments
27th May 2014 16:09
Software maker AVEVA revealed an 11 per cent increase in full-year profit underpinned by strong demand at its Engineering and Design Systems unit and improved margins. Following the results analysts at Numis Securities reiterated their 'buy' recommendation on the shares, saying they are significantl
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