FTSE 250 movers: Mitchells & Butlers sinks on poor outlook
27th Nov 2012 15:52
Mitchells & Butlers, the UK's largest operator of managed restaurants and pub, was unwanted after noting it had made a slow start to the new financial year, partly because of unseasonably warm weather in the same period in 2011. India-focused Essar Energy was also lower as shares retreated after m
Read moreFTSE 250 movers: Spirax Sarco rises on sales increase
7th Nov 2012 14:55
Engineering group Spirax Sarco jumped after saying that organic sales increased six per cent in the four months to the end of October, ahead of the rate of growth reported in the first half. Online gaming software company Playtech was in demand after delivering impressive revenue growth in the thi
Read moreMonday broker round-up
15th Oct 2012 09:33
Anglo American: Goldman Sachs downgrades to sell. Antofagasta: Goldman Sachs downgrades to neutral, target cut from 1,150p to 1,100p. Asian Plantations: Panmure Gordon cuts target from 400p to 380p, buy rating kept. AVEVA: Panmure Gordon keeps hold rating and 1,878p target. Bellzone Mining: Gold
Read moreLondon close: Footsie thunders ahead
11th Oct 2012 16:54
Better than expected US jobless figures gave a little early afternoon boost to a London market already going along nicely, as investors shrugged off a downgrade of Spain's credit rating by S&P, leaving the Iberian nation's debt status barely above a junk rating. Initial weekly unemployment claims d
Read moreFTSE 250 movers: Bumi leaps on Bakrie offer
11th Oct 2012 16:08
Shares in Indonesia-focused mining giant Bumi leapt after major shareholder, the Bakrie Group, tabled an offer that could end their turbulent relationship. Bakrie wants to swap its stake in the group for a stake of equivalent value in Bumi Resources. The group has been the subject of a board room
Read moreKenmare notes soft markets
11th Oct 2012 09:31
Kenmare Resources said its markets remained weak but that it was confident of a pick up in the medium term. The firm said output from its mining operations improved in the third quarter with 229,100 tonnes of heavy mineral concentrate produced, a 16% increase on the second quarter. The firm deals
Read moreLondon pre-open: SA President characterises Lonmin actions as insensitive
22nd Aug 2012 07:33
City sources predict the FTSE 100 will open down 37 points from yesterday's close of 5,858, tracking losses in Asia and the US as investors focus on technical factors amid a general lack of direction. To be had in account nonetheless, US PC maker Dell fell 5% in after-hours trading following the r
Read moreKenmare revenues double in first half
22nd Aug 2012 07:08
FTSE 250 miner Kenmare doubled revenues in the first half and said it expected a significant improvement in production in the latter part of the year. Revenues were up 95% to $109m from $56m the year before, as the company benefitted from price increases and the falling away of legacy contracts. B
Read moreTuesday tips round-up: Kenmare Resources, Senior, African Barrick Gold
24th Jul 2012 06:58
Questor, the Telegraph's investment column, takes the brave step of recommending Kenmare Resources, despite it having falling an eye watering 29 per cent since the last buy recommendation in March. The company is a mineral sands producer, which are used to make things like paint. The whole mining
Read moreKenmare places 120m shares to fund expansion
20th Jul 2012 08:16
Kenmare, a FTSE 250 miner, has successfully completed the placing of 120m new shares at Stg32p each, representing around five per cent of the ordinary capital of the company. The placing has raised £38.4m before expenses, which will be used, together with cash flow from operations, primarily to en
Read moreLondon close: Stocks fall as Spanish bond yields jump
9th Jul 2012 16:30
- Spanish yields back above 7.0 per cent - All eyes on Eurogroup meeting - Defence stocks rise on contract hopes Stocks were trading near their lowest levels of the day by Monday's close as bond yields in Spain surged while European officials met in Brussels. By the close in London, the yield on a
Read moreFTSE 250 movers: New World Resources falls on downgrade
9th Jul 2012 15:26
Head coal and coke producer New World Resources was a heavy faller after Bank of America Merrill Lynch downgraded its rating on the stock to 'underperform'. Kenmare Resources (following a profit-warning from titanium feed-stock producer Iluka), Centamin and Aquarius Platinum were also firmly out of
Read moreLondon midday: Stocks in the red ahead of Eurogroup
9th Jul 2012 11:41
- Spanish yields back above 7.0 per cent - Eyes on the Eurogroup - BAE and Rolls-Royce gain as Farnborough show kicks off The Footsie rebounded off its intraday lows by Monday lunchtime but was still firmly in the red with Spanish bond yields surging ahead of a Eurogroup meeting in Brussels. Euroz
Read moreLondon open: Stocks slip ahead of Eurogroup meeting
9th Jul 2012 08:55
- Chinese inflation data increases stimulus speculation - Eurogroup to meet this afternoon - Spanish yields on the up The FTSE 100 opened slightly lower on Monday morning on the back of economic data from Asia and ahead of a crucial Eurogroup meeting later today. "Overall for the start of the new
Read moreFTSE 250 movers: Invensys drops after bid talks fizzle out
21st Jun 2012 15:34
Following a massive jump the day before on the back of bid speculation, shares of Invensys plummeted on Thursday after it said that while rumours of an approach from Emerson Electric proved to be correct, these discussions 'are no longer ongoing'. The maker of rail signalling and industrial automa
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