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FTSE 250 movers:Premier Farnell plummets on weak outlook, Rexam up on M&A interest

Thu, 05th Feb 2015 14:57

Electronics group Premier Farnell sank after warning that its full-year operating profit for 2015 would be lower than in the previous 12 months. The company cited discounting of the credit-card sized computer Raspberry Pi and strategic initiatives as the main factors weighing on its gross margins, while it warned in November that its full-year operating profit would be affected by challenging market conditions in Europe and Asia.Rexam's share price surged after the beverage can maker confirmed rumours that it has been approached by Ball Corporation. Ball Corporation, the American group which provides metal packaging for beverages, food and household products, has proposed a acquisition which values Rexam at 610p per share, or £4.3bn.Beazley saw share prices sink as lower reserve releases than its five-year average and currency headwinds drove a 16% decline in pre-tax profit in 2014. The company's annual results also caused Westhouse Securities to place its'neutral' rating on the stock under review.Victrex was extending losses made Thursday after underwhelming with its first-quarter statement, in which it said it had made a "solid start to 2015" with revenues up 14% year-on-year. RisersRexam (REX) 545.00p +21.76%Lonmin (LMI) 185.90p +7.89%AL Noor Hospitals Group (ANH) 983.50p +6.04%Hunting (HTG) 483.20p +5.92%Vedanta Resources (VED) 471.00p +4.85%Allied Minds (ALM) 455.00p +4.60%Petrofac Ltd. (PFC) 772.50p +4.04%Bank of Georgia Holdings (BGEO) 2,143.00p +3.73%Aveva Group (AVV) 1,434.00p +3.17%Cable & Wireless Communications (CWC) 54.60p +3.12%FallersAfren (AFR) 9.78p -11.89%Premier Farnell (PFL) 152.50p -9.98%Ocado Group (OCDO) 409.20p -5.12%Victrex plc (VCT) 2,023.00p -3.30%Telecity Group (TCY) 863.00p -2.32%Nostrum Oil & Gas (NOG) 578.00p -2.03%Man Group (EMG) 176.10p -2.00%Beazley (BEZ) 295.30p -1.96%Rank Group (RNK) 181.90p -1.94%BlackRock World Mining Trust (BRWM) 315.40p -1.84%
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19 Feb 2015 08:20

Rexam agrees to £5.4bn takeover, predicts tough year ahead

The board of drinks packaging group Rexam has agreed a £5.4bn takeover by US rival Ball Corporation, a much larger higher valuation than had been expected by the market. Rexam's management has unanimously recommended the 628p-per-share offer by New York-listed Ball, made up of 407p in cash and 0.045

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19 Feb 2015 07:16

Can maker Rexam gets $6.85 bln offer from US rival Ball

Feb 19 (Reuters) - British drinks can maker Rexam Plc said U.S. rival Ball Corp had made a cash-and-stock offer that valued the company at about 4.43 billion pounds ($6.85 billion). Rexam, which makes cans for Coca-Cola and RedBull, said under the 628 pence per share offer, its shareholder

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19 Feb 2015 06:23

UK Earnings, Trading Statements Calendar - Week Ahead

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18 Feb 2015 19:31

Ball closes in on Rexam deal

US packaging giant Ball is closing in on a deal to buy sector peer Rexam, in a move that would give see it become the world's largest can maker. According to sources cited by MarketWatch, the Colorado-based company and Rexam could be announced by the end of the week. Earlier in February, the group

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18 Feb 2015 18:44

Ball Corp, Rexam deal likely this week - WSJ

Feb 18 (Reuters) - Beverage can maker Ball Corp is close to a deal to buy UK-based Rexam Plc this week, according to people familiar with the matter, the Wall Street Journal reported. Rexam said on Feb. 5 it was in talks with Ball Corp for a cash-and-stock deal that valued Rexam at 610 penc

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18 Feb 2015 18:18

MEDIA-Ball nearing a deal to buy Rexam - WSJ

-- Source link: (http://on.wsj.com/1AlI6cQ) -- Note: Reuters has not verified this story and does not vouch for its accuracy

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18 Feb 2015 16:18

UK Earnings, Trading Statements Calendar - Week Ahead

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18 Feb 2015 12:39

UK MIDDAY BRIEFING: UK Jobless Rate Falls Even As Inflation Weakens

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18 Feb 2015 06:16

UK Earnings, Trading Statements Calendar - Week Ahead

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17 Feb 2015 16:06

UK Earnings, Trading Statements Calendar - Week Ahead

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17 Feb 2015 06:16

UK Earnings, Trading Statements Calendar - Week Ahead

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16 Feb 2015 16:00

UK Earnings, Trading Statements Calendar - Week Ahead

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16 Feb 2015 06:16

UK Earnings, Trading Statements Calendar - Week Ahead

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13 Feb 2015 15:54

UK Earnings, Trading Statements Calendar - Week Ahead

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13 Feb 2015 06:15

UK Earnings, Trading Statements Calendar - Week Ahead

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