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FTSE 250 movers: Resources rise with gold, crude as Brexit jitters dampen housebuilders

Mon, 06th Jun 2016 15:10

(ShareCast News) - Rising crude and metals prices helped propel several resources-linked FTSE 250 stocks higher in an overall quiet session, with concurrent Brexit jitters weighing on the housing sector.At 1519 BST, West Texas Intermediate crude was up 1.83% to $49.51 a barrel, while Brent firmed 1.55% to $50.41 a barrel.Against this backdrop, Weir Group, Wood Group and Evraz all enjoyed gains.At the same time, spot gold was ahead 0.28% to $1,246 an ounce, while spot copper improved 0.76% to $212.9 a pound. Other industrial metals prices also firmed.To this end, Vedanta Resources and Kaz Minerals appeared as beneficiaries.Looking to the mid-cap downside, housebuilders Crest Nicholson and Redrow fell as concerns mounted that the UK will vote to leave the European Union on 23 June on the back of several new polls.The latest Observer/Opinium poll of voting intentions, published on Sunday, revealed that 43% of Britons now backed the UK's exit from the EU, with support for remaining inside at 40%.In parallel, a YouGov poll on behalf of ITV showed 45% of Britons would choose to leave the EU, versus 41% backing a remain outcome.A third poll from TNS put support for 'Leave' at 43% against 41% for 'Remain'Market MoversFTSE 250 (MCX) 17,085.14 0.10% FTSE 250 - RisersWeir Group (WEIR) 1,256.00p 6.44%Vedanta Resources (VED) 398.10p 6.16%Kaz Minerals (KAZ) 154.00p 4.19%Amec Foster Wheeler (AMFW) 441.60p 4.13%Investec (INVP) 472.80p 3.98%Serco Group (SRP) 112.00p 3.90%Polymetal International (POLY) 882.00p 3.89%Wood Group (John) (WG.) 638.00p 3.66%Evraz (EVR) 115.50p 3.49%Drax Group (DRX) 305.20p 3.35%FTSE 250 - FallersIndivior (INDV) 211.20p -10.17%NCC Group (NCC) 277.20p -4.35%Crest Nicholson Holdings (CRST) 560.50p -4.02%Shawbrook Group (SHAW) 276.70p -3.92%Redrow (RDW) 399.30p -3.78%Homeserve (HSV) 470.80p -3.52%Aldermore Group (ALD) 207.40p -3.49%AO World (AO.) 169.40p -3.20%Sophos Group (SOPH) 186.20p -3.07%Greencore Group (GNC) 328.60p -3.07%
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16 Mar 2018 08:25

Vedanta's Hindustan Zinc Business Declares Second Interim Dividend

LONDON (Alliance News) - FTSE 250-listed miner Vedanta Resources PLC said on Friday its Hindustan Zinc business has declared a second interim dividend of INR6.00 per with the

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14 Mar 2018 13:53

BUZZ-Goldman says European mining companies are "attractive"

** Goldman Sachs raises its view on European miners to "attractive" from "neutral", says the sector is on its strongest footing in many years ** The commodity outlook is

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14 Feb 2017 11:01

Higher volumes, prices push Vedanta unit to Q3 profit rise

(ShareCast News) - Third quarter pre-tax profits at Vendanta Resources' main subsidiary rose to INR3,884 crore from INR1,120 crore in 2016 thanks to a recovery in commodity prices combined with an increase in volumes and cost efficiencies. Sales at Vedanta Ltd for the period came in 31% higher year-

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10 Feb 2017 14:48

Sector movers: Miners gain on stronger than forecast Chinese trade numbers

(ShareCast News) - Metals and Miners' shares bounded higher at the tail-end of the week amid stronger than expected foreign trade data out of China referencing the month of January, together with sharp gains in the price of some bulk metals. Nonetheless, in the case of Dr. Copper note should be t

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10 Feb 2017 10:27

Vedanta Subsidiary Hindustan Zinc Sees "Record" Quarterly Production

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9 Feb 2017 13:49

Vedanta's Cairn India Unit Sees Profit Decline In Third Quarter

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9 Feb 2017 13:04

Mine bosses say transparency will not be clouded by U.S. rule changes

* Executives says Trump stance conflicts with global trend * Transparency provides "social licence" to operate -industry body By Ed Stoddard CAPE TOWN, Feb 9 (Reuters) - The expected demise of transparency regulations for minerals and oil companies listed in the United States wi

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9 Feb 2017 12:05

Vedanta seeks urgent technical fix for Zambian copper mine

* Zambia scraps import tax plan * Vedanta expands in South Africa, Namibia, Zambia By Barbara Lewis CAPE TOWN, Feb 9 (Reuters) - Indian mining company Vedanta Resources is urgently trying to overcome technical issues at its Zambian copper operations that it says have the potenti

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7 Feb 2017 12:57

Mining stocks upstage oil as investors scour for reflation trades

* Mining stocks began outperforming late 2016 * Fundamentals stronger for mining versus oil - analysts * European oil vs mining, monthly returns http://reut.rs/2jGqkBV * BP, Statoil shares hit by earnings disappointment By Vikram Subhedar and Barbara Lewis LONDON/CAP

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3 Feb 2017 14:38

FTSE 250 movers: Beazley comes out on top; miners fall

(ShareCast News) - The FTSE 250 index rose 0.89% to 18,421.49 at 1609 GMT on Friday. Insurer Beazley was in the green as it reported a 3% jump in full-year profit as premiums written increased and the company lifted its dividend. In the year to the end of December, pre-tax profit rose to $293.2m fro

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19 Jan 2017 09:35

BROKER RATINGS SUMMARY: UBS And Credit Suisse Differ On Utility Stocks

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18 Jan 2017 15:44

Vedanta's Zambia mine to pay first instalment of $100 mln fine by month-end

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17 Jan 2017 13:05

Indian govt seeks up to $2.2 bln dividend from Hindustan Zinc - sources

* Seeks payout by Mar 31 from partly owned HZL - sources * HZL prefers some payout through share buyback - sources * Buyback prospects uncertain due to legal hurdles * Govt may press issue at HZL Feb board meeting - sources By Neha Dasgupta NEW DELHI, Jan 17 (Reuters

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12 Jan 2017 15:00

Sector movers: Miners rise on Chinese lending data, US dollar weakness

(ShareCast News) - Mining stocks were again in favour on Thursday as metals´ prices continued to gain in overnight trading on the heels of stronger than expected lending data for Asia´s largest economy and positive newsflow on specific commodities. Continued selling in the US dollar after the Presid

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6 Jan 2017 11:34

Shell battles Nigerian communities in high-stakes London lawsuit

* Nigerian communities say domestic courts unfit to try case * Shell says case is "uniquely" Nigerian issue * Ruling may trigger other London cases unrelated to UK - lawyer * Shell rules out settlement, denies spill responsibility * Bodo clean-up has not started over eight

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