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Wed, 10th Apr 2019 13:02
(ShareCast News) - The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52. The commodities downturn hit a number of FTSE 250 companies on Monday, with Evraz down over 15% by mid-afternoon. Three-month metal contracts were down, with
Read more(ShareCast News) - Gold producer Acacia Mining unveiled plans to cut a further 1,050 jobs as part of its restructuring programme. The FTSE 250 group has cut approximately 60% of its "higher-cost expatriates" amid its organisational changes and it expects more staff to be made redundant by the end of
Read more(ShareCast News) - Barclays downgraded its stance on the European mining sector to 'neutral' from 'positive', noting that 2015 has been another bad year. The bank pointed out that the last five years have marked the worst performance since 1966 and said it's hard to see what might pull the sector ou
Read more(ShareCast News) - Gold producer Acacia Mining said its chief operating officer Michelle Ash will step down from her role with immediate effect. Ash will replace by group chief executive Brad Gordon, who indicated the company will reassess the situation as regards to any potential replacement early
Read more(ShareCast News) - Recovering from an initial lurch lower, the FTSE 250 index scrambled higher over the course of Monday's session, helped by optimism in some mining investors. Serco was top riser among London's mid-caps, however, as the outsourcing group was boosted by RBC Capital Markets upgrading
Read more(ShareCast News) - Acacia Mining is expecting to fall short on its guidance for 2015, after a "challenging" third quarter. The FTSE 250 company released its third quarter results to 30 September on Wednesday. Gold production was down 14% on the previous year to 163,888 ounces, with the year to date
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