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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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31 Mar 2016 15:15

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1 Mar 2016 20:16

Ardagh Group prepares binding bid for Ball, Rexam assets -sources

By Greg Roumeliotis March 1 (Reuters) - Ardagh Group, the packaging conglomerate controlled by Irish billionaire Paul Coulson, is preparing a binding offer for the assets being divested by drinks can makers Ball Corp and Rexam Plc, according to people familiar with the matter. Ardagh

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18 Feb 2016 10:09

UPDATE: Can Maker Rexam To Keep Lid On Costs Ahead Of Ball Corp Merger

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18 Feb 2016 07:26

Can Maker Rexam's 2015 Profit Crushed By One-Off Costs But Sales Rise

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18 Feb 2016 07:05

Rexam volumes up, earnings down ahead of Ball takeover

(ShareCast News) - Rexam was looking at a year of positive sales growth on Thursday, but fluctuations in currency and lower prices saw earnings head south in the 12 months to 31 December. The FTSE 100 beverage can manufacturer saw sales increase by 2% over the year, to £3.93bn (from £3.83bn). Its un

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11 Feb 2016 16:09

Earnings, Trading Statements Calendar - Week Ahead

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9 Feb 2016 14:09

Ball Refinances Debt Ahead Of Completing Rexam Acquisition

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15 Jan 2016 11:32

EU clears Ball/Rexam merger, subject to divestments

(ShareCast News) - The European Commission has approved the acquisition of London-listed drinks can maker Rexam by US rival Ball Corp, subject to the divestment of 12 plants in Europe. The regulator said its investigation showed that the deal, as notified, would have cut competition in the already c

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15 Jan 2016 11:25

Ball Corp Gets Approval In Europe For Rexam Acquisition

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15 Jan 2016 11:05

EU clears Ball, Rexam merger subject to 12 plant divestments

BRUSSELS, Jan 15 (Reuters) - The European Commission said on Friday that it had approved U.S. drinks can maker Ball Corp's planned 4.43 billion pound ($6.35 billion) purchase of Rexam Plc subject to the divestment of 12 plants. "The Commission's investigation showed that the transaction,

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29 Dec 2015 15:41

Ball Corp Gets Approval In Brazil For Rexam Acquisition

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10 Dec 2015 16:20

UPDATE 2-Ball set to win EU approval for $6.7 bln Rexam deal- sources

* Ball initially offered to sell 11 European plants * Company has fine-tined package of concessions * World's two largest beverage can makers to merge (Adds Ball comments, Ball share price, updates Rexam share price) By Foo Yun Chee BRUSSELS, Dec 10 (Reuters) - U.S. drin

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10 Dec 2015 11:00

EU regulators reportedly set to approve Rexam/Ball deal

(ShareCast News) - EU antitrust regulators are set to approve Ball Corp's bid for drinks can maker Rexam after it improved its concessions, according to reports. European competition regulators announced in July that they had opened an investigation into US-based Ball's bid for Rexam. The European

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10 Dec 2015 10:43

Eu antitrust regulators set to approve Ball, Rexam deal - sources

BRUSSELS, Dec 10 (Reuters) - EU antitrust regulators are set to approve Ball Corp's 4.43-billion-pounds ($6.7 billion) bid for Britain's Rexam Plc after the U.S. drinks can maker improved its concessions, two people familiar with the matter said on Thursday. Last month, Ball offered to sell

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25 Nov 2015 21:39

UPDATE 1-Ball offers EU to sell 11 plants for Rexam deal approval-sources

(Adds details on Goldman Sachs and the sale process) By Foo Yun Chee and Greg Roumeliotis BRUSSELS/NEW YORK, Nov 25 (Reuters) - U.S. drinks can maker Ball Corp is ready to sell 11 European plants to get EU antitrust regulators to approve its 4.43 billion pound ($6.69 billion) acquisit

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