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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 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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