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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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19 Feb 2015 21:37

Moody's may downgrade Ball Corp over Rexam deal

By Mariana Santibanez NEW YORK, Feb 19 (IFR) - Moody's said on Thursday it may downgrade US can maker Ball Corp amid the company's planned £4.43bn (US$6.85bn) acquisition of British rival Rexam Plc. Moody's placed Ball's junk Ba1 rating on review for downgrade, citing the company's "

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19 Feb 2015 16:52

MARKET COMMENT: London Ends Mixed As Germany Dismisses Greek Terms

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19 Feb 2015 16:45

UPDATE 3-Ball Corp to buy British drinks can maker Rexam for $6.9 bln

* Cash-and-stock deal valued at 628 pence per share * Anti-trust concerns hold back share price * Ball to remain U.S. domiciled for tax (Adds Ball and analyst comments, context, updates shares) By Esha Vaish and Roshni Menon Feb 19 (Reuters) - U.S. drinks can maker Ball

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19 Feb 2015 16:33

London close: Greek developments, central bank uncertainty keep UK stocks flat

It was another subdued finish for London's stocks on Thursday as the market continued to fluctuate at a 15-year high on the back of mixed newsflow about Greece and uncertainty regarding global monetary policy. The FTSE 100 finished the session down just 0.1% at 6,888.90. The index has stayed broadly

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19 Feb 2015 16:00

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

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

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19 Feb 2015 14:08

BUZZ-U.S. STOCKS ON THE MOVE-Wal-Mart, Priceline, Ocera Therapeutics, Netlist

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) U.S. stock index futures pointed to a flat open on Wall Stree

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19 Feb 2015 12:42

UK MIDDAY BRIEFING: Greek Deal Optimism Gives Way To Uncertainty

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19 Feb 2015 11:39

London midday: Stocks recover as Greek hopes outweigh Fed uncertainty

UK stocks had erased earlier losses by Thursday lunchtime as hopes about Greece outweighed uncertainty arising from the minutes of the latest Federal Reserve policy meeting. The FTSE 100 was up just 0.02% at 6,899.24 by midday, having bounced off an intraday low of 6,858.67 reached early on. The in

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19 Feb 2015 11:26

UK WINNERS & LOSERS: Centrica Shares Tumble On Dividend Cut, Warning

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19 Feb 2015 11:18

TOP NEWS: Eurogroup Set To Convene Friday As Greece Seeks Extension

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19 Feb 2015 09:10

UPDATE: Rexam Agrees GBP4.3 Billion Takeover Offer From US's Ball Corp

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19 Feb 2015 08:43

London open: Centrica and BAE lead markets lower after FOMC minutes

Uncertainty surrounding the future of monetary policy in the States was weighing on UK stocks on Thursday morning, after the Federal Reserve showed it was wary of raising rates too soon. The FTSE 100 was down 0.3% at 6,879 early on, with energy provider Centrica and defence contractor BAE Systems le

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19 Feb 2015 08:42

UK's Rexam Confirms GBP4.3 Billion Takeover Offer From US's Ball Corp

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19 Feb 2015 08:34

UK MORNING BRIEFING: Centrica Shares Fall 7.7% On Loss, Dividend Cut

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19 Feb 2015 08:25

BUZZ-Rexam: jumps on $6.85 bln Ball Corp offer

** British drinks can maker Rexam jumps 6.4 pct, after saying U.S. rival Ball Corp offered to buy the company in a cash-and-stock deal valued at about 4.43 bln pounds ($6.85 bln) ** Stock up 23 pct YTD, easily one of the most actively traded stock on FTSE 250 ** Rexam said its shareho

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