FTSE 250 movers: Slump in commodities pulls mining stocks lower
28th Sep 2015 17:02
(ShareCast News) - The FTSE 250 dropped 1.11% at the close, with Kaz Minerals the biggest faller on the London index as commodity prices declined. Shares in Kaz Minerals plunged 26.35%, along with a batch of other miners in the sector as investors digested a drop in metal prices and weak Chinese ind
Read moreFTSE 250 movers: Healthy rise for Synergy Health, Aggreko powers down
25th Sep 2015 16:18
(ShareCast News) - The FTSE 250 was up 287.23 points or 1.74% to 16,801.76, rising sharply on Friday morning on the back of Janet Yellen's comments overnight. Synergy Health shares skyrocketed on the news that a federal court in Ohio has ruled against the Federal Trade Commission's request for a pre
Read moreDirector's pension scheme slowly buying up LXB Retail
24th Sep 2015 15:04
(ShareCast News) - The trustees of the Ice Blue Directors Pension Scheme are slowly buying up shares in LXB Retail Properties. The scheme, of which LXB director John Irvine is a trustee and beneficiary, purchased over 31,400 shares in the company. It's the third purchase in three days, totalling 14
Read moreFTSE 250 movers: Production figures boost Premier Oil, Petra Diamonds rebounds
23rd Sep 2015 14:41
(ShareCast News) - The FTSE 250 started to climb back on Wednesday to 16,687.19 - up 157.21 points (0.95%) Premier Oil rose after it announced year-to-date production had averaged 57,100 barrels of oil equivalent per day, ahead of a full-year guidance of 55,000. Petra Diamonds continued to rebound
Read morePremier Oil says production above full-year guidance
23rd Sep 2015 08:04
(ShareCast News) - Premier Oil said year-to-date production had averaged 57,100 barrels of oil equivalent per day (kboepd), above full-year guidance. In an update on activities, the company said summer maintenance activities had been successfully completed and production returned to previous levels
Read moreSector movers: Oil stocks lead falls
18th Sep 2015 16:28
(ShareCast News) - Oil stocks led to the downside on Friday after the US Federal Reserve's rate decision on the previous day fanned global growth fears. Traders reacted poorly to Fed chair Janet Yellen's admittedly difficult to deliver message regarding growth concerns for overseas markets, on the o
Read moreUBS upgrades BP and downgrades Premier Oil
8th Sep 2015 16:14
(ShareCast News) - After cutting its oil price forecasts for 2015 to 2019, UBS has upgraded the "harshly sold off" BP but downgraded Premier Oil. The Swiss bank said that the European E&P sector has been hit hard by the oil price and many of its projects were among some of the industry's more econom
Read moreFTSE 250 movers: Booker gains on JPM note, commodity stocks slide
4th Sep 2015 16:12
(ShareCast News) - London's mid-cap index was down 1.4% to 16,834.66 at 1611 BST, with commodity stocks pacing the decline as a disappointing nonfarm payrolls report exacerbated worries about a global economic slowdown. Booker was on the front foot as JPMorgan Cazenove raised its price target on the
Read morePremier Oil plugs and abandons Norwegian North Sea well
3rd Sep 2015 10:40
(ShareCast News) - Premier Oil has plugged and abandoned an exploration well in the Norwegian sector of the North Sea. The exploration and production company said the 3/7-10 S exploration well encountered around 110 metres of good reservoir quality Middle Jurassic sands but these were "water wet", m
Read moreCanaccord upgrades Premier Oil to 'hold' after first half result
26th Aug 2015 14:32
(ShareCast News) - Canaccord Genuity upgraded its recommendation for Premier Oil to 'hold' from 'sell' and lifted its price target to 105p from 100p. The brokerage reviewed the oil company's position after its first half results and amid falling oil prices. In a note to clients, analyst Charlie Sha
Read morePremier Oil swings to loss but investors welcome easing of debt terms
20th Aug 2015 07:44
(ShareCast News) - Shares in Premier Oil surged in late trade, having edged lower earlier in the day, as investors welcomed news that the company has renegotiated its debt covenants, as it swung to a pre-tax loss in the first half on impairment charges and lower oil prices. The exploration and produ
Read moreThursday preview: UK retail sales, US existing home sales, Premier Oil interims
19th Aug 2015 13:07
(ShareCast News) - UK retail sales figures on Thursday are expected to show consumers spent more in July as lower fuel and food prices give spending power a boost. The data from the Office for National Statistics is forecast to reveal retail sales rose 4.3% year-on-year in July, compared to 4.2% in
Read moreFTSE 250 movers: Commodity prices pull oil stocks down
6th Aug 2015 14:48
(ShareCast News) - London's FTSE 250 fell slightly on Thursday, down 0.25% to 17,731.01 at 1456 BST. Tullow Oil led the fallers, declining 8.67% to 222.20p while fellow oil company Premier Oil was not far behind, falling by 7.81% to 116.80p. The pair suffered at the hands of falling oil prices as a
Read moreFTSE 250 Movers: Fidessa Group, Kaz Minerals, Premier Oil lead decline
3rd Aug 2015 16:42
(ShareCast News) - London's mid-cap index lowered after oil prices dragged mining and oil stocks down. The FTSE 250 index fell 0.19% at 17,644.65 by 1549 BST on Monday. Shares in trading platforms company Fidessa plunged after the company reported a 1.5% decline in year on year pre-tax profit to £1
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
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