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ShareCast News - Risers and Fallers
FTSE 250 movers: Afren soars on extended Seplat deadline
Oil producer Afren was continuing its volatile moves, jumping 33.33%. Afren extended their 'put up or shut up' deadline, initially set for Friday, to Nigerian producer Seplat by a further two weeks, in line with some analyst expectations.[Fri 13:59]
FTSE 100 movers: BT damaged by pension deficit worries, miners trading higher
Telecoms giant BT declined despite beating analysts forecasts with a solid rise in profits in its third quarter, as it announced a new 16-year "recovery plan" to pay down its expanding pension deficit, which now stands at £7bn. The company also revealed that it would upgrade its fibre network with large-scale pilots this summer of ultrafast broadband with G.fast.[Fri 13:58]
FTSE 250 movers: Kaz Minerals surges after hitting annual targets, energy stocks fall
Kaz Minerals topped the risers after revealing it met its annual production target for 2014 with an output of 83,500 tonnes. Kaz's new gold and copper mine at Bozymchak, Kazakhstan, made its first shipment of concentrate at the end of 2014.[Thu 15:20]
FTSE 100 movers: Shell falls after profit miss and spending cuts, Easyjet soars on upgrade
Oil major Shell topped the fallers after saying it is looking to reduce costs and lower investment in 2015 in response to the collapse in crude prices, as it curtailed over $15bn of potential spending over the next three years. The comments came as the firm reported adjusted annual profit growth of just 12% in the fourth quarter to $3.3bn, well below the consensus forecast of $4.2bn.[Thu 15:17]
FTSE 250 movers: Saga surges on Bennetts deal, Rightmove and Zoopla hit by OnTheMarket competition
Saga shares were trading higher on news that the over-50s financial services provider had reached a deal to buy motorbike insurer Bennetts for £26.3m in cash. "We are delighted to add Bennetts to Saga's portfolio of highly-regarded brands," said group chief executive Lance Batchelor. "Bennetts sits perfectly within our business model: a capital light, cash generative business that will seamlessly integrate with our database to quickly deliver tangible returns."[Wed 13:37]
FTSE 100 movers: Experian boosted by new growth strategy, Anglo disappoints with 2015 guidance
Credit-checking firm Experian was a high riser after unveiling an unexpected $600m share buyback and outlining plans to "deliver annual average growth in organic revenue in the mid-single digit range". The company also said it has the potential for "strong growth" in earnings per share.[Wed 13:35]
FTSE 250 movers: Afren plummets on funding update, Zoopla and Rightmove shrug off Onthemarket.com
The share price of oil group Afren collapsed after the company said it needs to restructure its debts or receive an equity injection due to the "significant dislocation" in the oil market. Investors are still waiting on Nigerian producer Seplat to see if it makes a firm offer for the company. The stock was down over 61.5%.[Tue 13:34]
FTSE 100 movers: Airlines Easyjet and IAG flying high, Dixons hit by downgrade
Shares in Easyjet ascended after the British budget airline said it now expects an increase in revenues per seat in the first half. The company said revenue per seat at constant currency should rise by 2% on last year, compared with its previous guidance of "flat to very slightly up". It also expects to report a loss before tax of £10m-30m in the first half, compared with a £53m loss the year before.[Tue 13:32]
FTSE 250 movers: Petra Diamonds falls short of full-year profit expectations
Diamond mine operator Petra Diamonds was trading lower after announcing that it may not meet analysts' expectations for full-year profits. Sales jumped by 16% in the first six months of the year to reach $214.8m. The increased sales in the period were in part thanks to the sale of two exceptional diamonds for a combined revenue of $38.7m.[Mon 14:40]
FTSE 100 movers: IAG flying high on hopeful Aer Lingus bid, Supermarkets lower on dividend concerns
IAG, owner of British Airways, climbed after Irish carrier Aer Lingus confirmed it has received a third takeover bid from its Anglo-Spanish rival. IAG has offered Aer Lingus €2.50 a share in cash plus a dividend of €0.05 a share, up from the previous pitch of €2.40 in cash and €2.30 before that.[Mon 14:34]
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