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FTSE 250 movers: St. Modwen climbs as Electrocomponents slides

Thu, 13th Nov 2014 15:50

St. Modwen Properties rose after announcing that its 50/50 joint-venture French partner Vinci has been granted planning permission to redevelop the 57-acre New Covent Garden Market site in south London. The major 10-year project will see the delivery of over 500,000 square feet of new state-of-the-art market facilities together with the development of three residential neighbourhoods.Howden Joinery was lifted by Berenberg, which reiterated its 'buy' rating on the stock and raised its target price from 420p to 445p.Barclays Capital upped its rating on Aveva Group to 'overweight' from 'equal weight'.Meanwhile, Electrocomponents declined after it was announced that chief executive Ian Mason will step down at the end of the financial year. Mason, who has been chief of the FTSE 250 group for the past 13 years, said his decision followed the successful implementation of the group's 2012 strategy to increase market share and sales growth rates.Rexam shares also dropped sharply after the company warned that a challenging market and rising metal prices could extend their negative impact well into next year.Spirent Communications suffered from a significant loss of demand for their products and services in the US and China. This was thought to be primarily due to merger activity by some of their customers, as well as a suspension of capital expenditure.
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25 Nov 2015 18:43

REFILE-Ball offers to sell 11 plants in bid for EU okay for Rexam buy -sources

(Adds Austria as additional location for asset sales) By Foo Yun Chee BRUSSELS, Nov 25 (Reuters) - U.S. drinks can maker Ball Corp is ready to sell 11 plants in Europe in a bid to convince EU antitrust regulators to approve its 4.43 billion pound ($6.69 billion) offer for British pe

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20 Nov 2015 18:01

Ball Corp Still Expects Clearance For Rexam Deal In First Half Of 2016

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19 Nov 2015 11:40

EU regulators extend $6.8 bln Ball, Rexam deal review to Jan. 22

BRUSSELS, Nov 19 (Reuters) - European Union antitrust regulators have extended by a month the deadline for a decision on U.S. drinks can maker Ball Corp's proposed 4.43-billion-pound ($6.76 billion)takeover of British peer Rexam. The European Commission had set a deadline of Dec. 23 after p

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12 Nov 2015 08:17

Rexam on line to meet full year expectations as can volume rises

(ShareCast News) - Can beverage maker Rexam said an increase in can volume in the third quarter had contributed to keep trading in line with expectations in the second half of the year. In the three months to the end of September, global beverage can volumes rose 3% year-on-year, despite a subdued p

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12 Nov 2015 07:56

Rexam Says Trading In Line For 2015 But 2016 Looks Challenging

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5 Nov 2015 16:53

REPEAT: Earnings, Trading Statements Calendar - Week Ahead

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30 Oct 2015 16:03

EU mergers and takeovers (Oct 30)

BRUSSELS, Oct 30 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- BT Pension Scheme and Canada Pension Plan Investment Board to acquire a London property (approved Oct. 29) -- P

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30 Oct 2015 12:08

Companies lose equity and faith on S&P news

* New criteria turns hybrids into expensive senior debt * Reinstating lost equity could be costly * S&P move could re-price hybrid market By Laura Benitez LONDON, Oct 30 (IFR) - Standard & Poor's shock removal of the equity content it had assigned to 29 corporate hybrid bo

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30 Oct 2015 09:59

EU regulators extend $6.8 bln Ball, Rexam deal review to Dec. 23

BRUSSELS, Oct 30 - European Union antitrust regulators will decide by Dec. 23 whether to clear U.S. drinks can maker Ball Corp's 4.43-billion-pound ($6.8 billion) proposed takeover of British peer Rexam, a two-week delay agreed with the companies. The European Commission's previous deadline

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5 Oct 2015 10:15

Brazilian Authorities Raise Competition Concerns Over Ball-Rexam Deal

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1 Oct 2015 09:00

Ball Corp Gets Statement Of Objections On Rexam Acquisition

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17 Sep 2015 15:09

Dividends Calendar - Week Ahead

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27 Aug 2015 05:15

Dividends Calendar - Week Ahead

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26 Aug 2015 15:24

Dividends Calendar - Week Ahead

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26 Aug 2015 05:17

Dividends Calendar - Week Ahead

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