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FTSE 250 movers: Wetherspoon dips on profit warning, Workspace buoyed rent rise

Wed, 15th Jul 2015 14:37

(ShareCast News) - Mid-caps were sluggish on Wednesday, with weakness from electronics and energy stocks balanced by promising performances from the real estate, food retail and financial sectors.As of 15:30 BST, the FTSE 250 was trading flat at 17,627.Shares in Wetherspoon plunged after the company said pre-tax profit was likely to be lower than the year before. The pub operator warned that while sales figures for the full year had increased, cost increases meant pre-tax profit was likely to be down on the previous year.Miners Lonmin, Kaz Minerals and Vedanta Resources were making gains, despite the majority of metals extending losses.Workspace Group was boosted as it said its total rent roll was up 8.9% to £75.6m in an interim statement. Chief executive Jamie Hopkins said the growth was driven by continued high demand from new and growing companies and further uplifts in pricing across the portfolio.Car parts and bike peddler Halfords lost ground in spite of solid first quarter results against tough comparatives thanks to premium bikes, children's car seats and dashboard-cameras. Group sales in the 13 weeks to 3 July were up 3.6% on the equivalent period last year, with retail up 3.4% in spite of less helpful weather and tough comparatives especially in cycling, and autocentres up 5%.Just Eat was on the up as Goldman Sachs reinstated its 'buy' rating on the stock and added the shares to its conviction list, with a 560p price target. It said that in addition to rapid growth potential as more takeaway food is ordered online, network effects and platform scalability should drive strong profitability as established markets mature and losses decline in other markets. RisersRenishaw (RSW) 2,233.00p +3.96%Lonmin (LMI) 80.30p +3.81%Ophir Energy (OPHR) 114.80p +2.96%Telecom Plus (TEP) 1,078.00p +2.86%Kaz Minerals (KAZ) 199.30p +2.73%Just Eat (JE.) 429.00p +2.63%Vedanta Resources (VED) 462.90p +2.39%Victrex plc (VCT) 2,025.00p +2.27%Workspace Group (WKP) 945.50p +2.27%Intermediate Capital Group (ICP) 575.50p +2.22%FallersEntertainment One Limited (ETO) 328.70p -9.42%Wetherspoon (J.D.) (JDW) 715.00p -7.26%Micro Focus International (MCRO) 1,342.00p -6.42%AO World (AO.) 124.10p -6.13%Aldermore Group (ALD) 251.10p -4.74%Tullow Oil (TLW) 282.30p -4.69%Evraz (EVR) 117.70p -4.46%Diploma (DPLM) 788.00p -3.90%PZ Cussons (PZC) 354.70p -3.27%Premier Farnell (PFL) 167.20p -3.18%
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10 May 2019 08:45

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(Sharecast News) - Lonmin warned annual sales would be at the lower end of expectations on Friday after production fell and the platinum miner was disrupted by delays to its planned takeover.

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25 Apr 2019 16:30

Sibanye Gold Agrees To Increase All-Share Offer For Lonmin By Over 3%

LONDON (Alliance News) - Sibanye Gold Ltd on Thursday said it has reached an agreement with Lonmin PLC on the terms of an increased recommended all-share offer.The miner said Lonmin will up

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15 Apr 2019 09:24

Braemar Shipping Appoints DX's Chair Ronald Series In Same Role

LONDON (Alliance News) - Braemar Shipping Services PLC on Monday said it appointed Ronald Series as non-executive chair with immediate effect.Braemar shares were trading up 1.9% at 165.00 a

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3 Apr 2019 16:12

Rambler Metals Hires Another Mandalay Resources Executive As CEO

LONDON (Alliance News) - Rambler Metals & Mining PLC on Wednesday said Andre Booyze will replace Norman Williams as chief executive with immediate effect.The company, which owns the in

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25 Mar 2019 13:23

Lonmin paints bleak picture as it calls on shareholders to back takeover

(Sharecast News) - Lonmin issued a stark warning on Monday, telling investors it does not have the funds needed to sustain the business long-term, and urged them to back a takeover offer from rival miner Sibanye-Stillwater.

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18 Mar 2019 15:57

UK Shareholder Meetings Calendar - Next 7 Days

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15 Mar 2019 10:19

Labour Court Says Strike At Lonmin's Operations Would Be Unprotected

LONDON (Alliance News) - Lonmin PLC said on Friday the South African Labour Court has judged a secondary strike proposed by the Association of Mineworkers & Construction Union would be the and

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6 Mar 2019 10:20

Rambler Metals & Mining Appoints New Chief Financial Officer

LONDON (Alliance News) - Rambler Metals & Mining PLC on Wednesday said it has appointed Sanjay Swarup to the position of chief financial officer with immediate effect.Rambler shares 13%

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28 Feb 2019 10:40

WINNERS & LOSERS SUMMARY: Aston Martin Hits Speed Bump After Results

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Rentokil

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22 Feb 2019 09:37

BROKER RATINGS SUMMARY: Sainsbury's Gets More Downgrades

LONDON (Alliance News) - The following London-listed shares received analyst recommendations on Thursday and on Friday morning:----------FTSE 100----------UBS CUTS J TO

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15 Feb 2019 13:27

Lonmin Appoints BEE Partner's CFO Nkosi As Non Executive Director

LONDON (Alliance News) - Lonmin PLC said Friday that it has appointed Sizwe Nkosi as non-independent non-executive director of the company, effective March 1.Nkosi - a chartered accountant

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25 Jan 2019 07:46

LONDON MARKET PRE-OPEN: Vodafone Confirms Outlook; Fuller's Exits Beer

LONDON (Alliance News) - Equities prices in London are seen opening slightly higher Friday, despite a stronger pound set to hinder overseas-exposed FTSE 100 stocks. In early corporate news, has an

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29 Oct 2018 08:23

Petra Diamonds Appoints MC Mining Chairman As Non-Executive Director

LONDON (Alliance News) - Petra Diamonds Ltd said on Monday it has appointed Bernard Pryor and Varda Shine as non-executive directors with effect on January 1, 2019.Pryor is chairman of MC a

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22 Oct 2018 10:48

Lonmin commits to Sibanye deal following $200m purchase pact

(Sharecast News) - Platinum producer Lonmin sealed a $200m metal purchase agreement with Chinese outfit Jiangxi Copper to provide the miner with better liquidity while it waits for South African rival Sibanye-Stillwater's takeover to be finalised.

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10 Sep 2018 12:58

Lonmin risks recede along with rand, Liberum reckons

(Sharecast News) - Lonmin is looking a less risky investment than it seemed a few months ago, said broker Liberum on Monday, upgrading the miner to 'hold'.

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