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FTSE 250 movers: Petra Diamonds boosted by higher production guidance, Man Group stonger on upgrade

Thu, 19th Feb 2015 16:00

Petra Diamonds topped the risers after raising its production guidance from 3.2m to 3.3m carats for the 12 months to 30 June. "Our expansion programmes are on track at all operations, and production is expected to grow to about 3.3m carats in 2015 and to about 5m carats by financial year 2019," said Johan Dippenaar, the group's chief executive.Drinks packaging group Rexam rose after agreeing a £5.4bn takeover by US rival Ball Corporation, a much larger higher valuation than had been expected by the market.Man Group was boosted by an upgrade from analysts at Goldman Sachs to 'conviction-buy', as well as an increased price target of 210p, up from 185p.Oil and energy stocks were weaker, with Premier Oil, Hunting, Soco International and Ophir Energy the four biggest fallers as crude prices dropped.Insurer Catlin was also trading lower after going ex-dividend. RisersPetra Diamonds Ltd.(DI) (PDL) 186.20p +6.34%Rexam (REX) 563.50p +4.93%Diploma (DPLM) 790.00p +4.29%Vesuvius (VSVS) 477.50p +2.98%Entertainment One Limited (ETO) 295.80p +2.89%Home Retail Group (HOME) 206.10p +2.84%Man Group (EMG) 184.60p +2.78%Dignity (DTY) 1,942.00p +2.59%Saga (SAGA) 189.20p +2.49%ICAP (IAP) 514.00p +2.39%FallersPremier Oil (PMO) 173.00p -6.03%Hunting (HTG) 484.00p -5.47%Soco International (SIA) 288.10p -4.57%Ophir Energy (OPHR) 139.90p -4.24%Catlin Group Ltd. (CGL) 678.00p -3.90%Bank of Georgia Holdings (BGEO) 2,160.00p -3.61%Evraz (EVR) 188.00p -3.24%Drax Group (DRX) 404.70p -3.04%RPS Group (RPS) 231.00p -2.90%Wood Group (John) (WG.) 644.50p -2.79%
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13 Nov 2014 11:19

Charles Stanley cuts profit forecasts for Rexam on cautious outlook

Beverage can maker Rexam said it traded in line with expectations in the third quarter, but a gloomy outlook for 2015 has prompted broker Charles Stanley to cut forecasts and repeat its 'hold' recommendation. Rexam is reviewing its cost base in light of an expected challenging environment in 2015, w

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13 Nov 2014 11:11

BUZZ-Rexam: sees rising aluminum, energy costs hurting 2015 earnings

** Shares in Rexam Plc, the world's second-largest beverage can maker by revenue, slumped as much as 8.4 pct after the company said aluminum premium, Brazilian costs would increase in 2015. ** Stock is top loser on the FTSE-250 Midcap Index, with the shares tanking to their lowest in 16 mon

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13 Nov 2014 11:10

UPDATE 2-Rexam may raise prices as aluminium premium, Brazilian energy cost weigh

* Aluminium premium rises to $500/t vs $300/t in early 2014 * Rise in aluminium premium to increase costs by 30 mln stg next year * Brazilian energy costs to rise by 15 million pounds next year * Can volumes to slightly decline in North America, Europe (Adds CEO comment, detai

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13 Nov 2014 10:57

MARKET COMMENT: FTSE 100 Rises, Lifted By SABMiller, LSE And Wolseley

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13 Nov 2014 09:00

Rexam canned after costs fizz higher

A challenging market and exposure to fizzing metals prices has led drinks can maker Rexam to warn that increasing costs will put a significant dent in next year's profits. Although overall global beverage can volumes were up 4% since 1 July and overall performance for the period remained in line wit

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13 Nov 2014 08:41

UK MORNING BRIEFING: Shares Gain At Open, Led By 3i And Wolseley

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13 Nov 2014 07:36

Rexam Can Volumes Up, But Looking At Costs As Outlook Looks Bumpy

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13 Nov 2014 07:32

Rexam says margins on U.S. specialty cans to reduce next year

Nov 13 (Reuters) - Rexam Plc, the world's second-largest beverage can maker by revenue, said margins on certain U.S. specialty cans would reduce next year as aluminium premiums have surged higher. Aluminium premiums, or the cost to get metal out of storage, have soared to all-time highs in

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13 Nov 2014 06:14

UK Earnings, Trading Statements Calendar - Week Ahead

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12 Nov 2014 17:10

REPEAT: MARKET COMMENT: Stocks Hit By Renewed Economic, Ukraine Fears

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12 Nov 2014 17:08

MARKET COMMENT: Stocks Hit By Renewed Economic, Ukraine Fears

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12 Nov 2014 16:04

UK Earnings, Trading Statements Calendar - Week Ahead

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12 Nov 2014 06:22

UK Earnings, Trading Statements Calendar - Week Ahead

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11 Nov 2014 16:20

UK Earnings, Trading Statements Calendar - Week Ahead

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11 Nov 2014 06:10

UK Earnings, Trading Statements Calendar - Week Ahead

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