Friday preview: Spire Healthcare reports first-half earnings
20th Aug 2015 14:20
(ShareCast News) - Spire Healthcare's first half results on Thursday are expected to reveal growth in pre-tax profit compared to the same time last year. The health provider may report pre-tax profit of £8m, up from £7.4m the prior year, according to the consensus forecast. Numis analyst Sally Tayl
Read moreFTSE 250 movers: Falling mining and oil stocks outweigh rising housebuilders
6th Jul 2015 16:09
London's second-tier index was registering losses on Monday in the aftermath of the Greek referendum, with decent gains in the housebuilding sector offset by falls from mining and oil stocks. Diversified mining group Vedanta Resources was a heavy faller on the FTSE 250, dropping over 7%, as an avers
Read moreSpire Healthcare in talks to sell St Saviour's Hospital
1st Jul 2015 08:02
Spire Healthcare has said it is in talks with an unnamed party about buying St Saviour's Hospital in Hythe, Kent. The UK independent hospital operator announced on 2 June that it was looking at the closure of St Saviour's given the investment in infrastructure needed to bring it in line with its oth
Read moreLondon close: Stocks end up 1.7% on Greek optimism, M&A provides a boost
22nd Jun 2015 16:28
UK stocks surged on Monday on hopes that Greece and its creditors would be able to reach a deal to secure the next tranche of bailout aid later this week. While there was no new cash-for-reforms agreement at meetings in Brussels, officials said a last-minute proposal by Athens was a good basis for f
Read moreFTSE 250 movers: Spire lifted by Remgro stake purchase, WS Atkins hit by downgrade
22nd Jun 2015 13:31
Mid-caps staged a recovery on Monday, as insurance, financial services and travel stocks put in a strong performance and investors kept their fingers crossed for a short term funding deal in Greece. As of 3:00 BST, the FTSE 250 was trading 1% higher at 17,883. Hospital operator Spire Healthcare jum
Read moreLondon midday: M&A propels stocks as Greek hopes rise ahead of EU summit
22nd Jun 2015 11:31
Rising hopes over a short-term funding deal for Greece lifted UK stock markets on Monday, with M&A activity providing a further fillip to shares. The FTSE 100 was trading up 1.18% at 6,789.43 by midday, with blue chips Sky and Severn Trent rising strongly on speculation the companies could be bid ta
Read moreLondon open: UK stocks surge as Greek hopes rise, Sky jumps
22nd Jun 2015 08:30
UK stocks surged on Monday morning as investors breathed a sigh of relief on the back of rising hopes that Greece is set to secure a short-term deal with creditors. The FTSE 100 was trading up 1.36% at 6,801.41 early on. According to reports, Greece's lenders are working on a deal to extend the cou
Read moreLondon pre-open: Optimism builds ahead of crucial EU summit on Greece
22nd Jun 2015 07:43
UK stocks are expected to edge higher on Monday on a pivotal day for Greece as optimism builds that leaders can scrape together a deal to stop Athens from defaulting on its debts and leaving the euro. City sources predict the FTSE 100 will open 18 points higher than Friday's close of 6,710.45. "Eur
Read moreRemgro, Mediclinc to buy 30% of Spire Healthcare
22nd Jun 2015 07:13
Remgro, a major shareholder of South Africa-based private hospital group Mediclinic, is to buy a 29.9% shareholding in FTSE 250 peer Spire Healthcare. Remgro has entered into an agreement to buy the stake from Cinven for 360p per share, equal to £432m. Mediclinc then intends to acquire the holding f
Read moreSpire Healthcare proposes Kent hospital closure
2nd Jun 2015 13:52
Hospital operator Spire Healthcare has proposed closing its St Saviour's Hospital in Hythe, Kent. If it goes ahead, the closure would not affect its guidance for the 2015 financial year, the company said. Chief executive Rob Roger said: "Spire Healthcare's strategy is to operate modern, high-qualit
Read moreSpire Healthcare reiterates annual guidance after strong start to 2015
12th May 2015 09:10
Hospital owner Spire Healthcare Group said it had traded in line with expectations in the first quarter and reiterated its annual guidance. In the three months to 31 March, the FTSE 250 group reported a 10% growth in revenue year-on-year, boosted by strong performances in all of its three divisions,
Read moreLondon close: Stocks inch higher as miners gain, but upside limited
14th Apr 2015 16:29
Gains from mining stocks kept the FTSE 100 afloat on Tuesday, though investors were showing caution with markets near record highs amid uncertainty in Greece and macro concerns. After swinging between positive and negative territory throughout the day, the Footsie finished the session just 10.96 poi
Read moreSpire Healthcare drops after owner Cinven sells down stake
14th Apr 2015 15:28
UK hospital operator Spire Healthcare dropped sharply after private equity group Cinven sold down its stake to 38.3% with a £136m share sale not long after the company released encouraging maiden results. Cinven's broker JP Morgan raised £136.4m by selling 40.1m shares at 340p each, a fair discount
Read moreFTSE 250 movers: Tullow Oil surges on upgrade, Poundland higher on strong annual sales
14th Apr 2015 14:05
Tullow Oil's topped the risers after Citigroup raised its rating on the stock from 'neutral' to 'buy', saying that the oil group's portfolio quality was "undervalued" by the market. Poundland was making gains after a trading update showed the discount retailer had topped a billion pounds of annual s
Read moreLondon midday: Stocks inch higher but Greek uncertainty limits upside
14th Apr 2015 11:36
A rebound in the mining sector and data showing that the UK economy narrowly avoided deflation gave stock markets a small boost on Tuesday, though uncertainty in Athens was limiting upside. Reports that Greece is preparing for a debt default if it can't reach a deal with its creditors were likely ke
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