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ShareCast News - Risers and Fallers
FTSE 100 movers: Miners continue to decline on Eurozone fears
Mining stocks were dominating the fallers list today as risk appetite waned, with Evraz leading the way and Rio Tinto and BHP Billiton both hit by a downgrade by Goldman Sachs.[19 Mar '13]
FTSE 250 movers: Essar Energy gains on news of new CFO
India-focused energy firm Essar gained after saying that Chief Financial Officer P Sampath will be succeeded by Deepark Maheshawri, who has a "strong track record of providing strategic financial and capital markets advice across a number of industries".[18 Mar '13]
FTSE 100 movers: M&S leads risers on Qatar rumours
Takeover speculation at M&S stepped up a gear this weekend with Qatar's sovereign wealth fund thought to be mulling a bid for the High Street giant worth eight billion pounds. According to the Sunday Times, the Qatar Investment Authority is said to be assembling a consortium of private-equity investors and has spoken to banks about financing a potential offer. A potential offer is thought to value M&S's shares, which closed Friday's session at 372.5p, at a price of 500p each.[18 Mar '13]
FTSE 250 movers:Rentokil leaps into the top spot
Pest control and hygiene giant Rentokil Initial jumped over 10 per cent after it revealed robust 2012 results, beating analyst expectations. Adjusted pre-tax profits came to 191m pounds, a 10.1 per cent year-on-year rise.[15 Mar '13]
FTSE 100 movers: IAG boosted by Morgan Stanley comments
Airline group IAG was performing well today after Morgan Stanley upgraded its recommendation on the stock to 'overweight', while Aggreko received a boost by Deutsche Bank, which upped the shares to 'buy'.[15 Mar '13]
FTSE 250 movers: Ocado rises on potentional tie-up with Morrison
The market celebrated Ocado's news of a potential partnership with Morrison. Richard Curr from Prime Markets said that the deal could be a 'game changer' for the firm. The online grocer also revealed 14.4 per cent rise in first-quarter sales in a separate statement.[14 Mar '13]
FTSE 100 movers: Aggreko tops risers
Temporary power and temperature control firm Aggreko was the best performer of the day after winning contracts to supply122 MW of gas-fuelled power to utilities in Mozambique and Namibia from its facility at Ressano Garcia in Mozambique, the largest cross-border interim power plant in the world. Jefferies said that contract win is 'very helpful for sentiment and applies upside risk to FY14F consensus earnings'.[14 Mar '13]
FTSE 250 movers: SDL rebounds after disappointing results
SDL was on the rebound one day falling on the back of a 19 per cent decline in its profit before tax.[13 Mar '13]
FTSE 100 movers: Prudential gains on strong profit rise
Prudential was the strongest riser after posting a 25 per cent increase in its annual operating profits, saying its performance was largely driven by its "sweet-spot" markets including Indonesia, Singapore, Malaysia, the Philippines and Thailand.[13 Mar '13]
FTSE 100 movers: Copper miners bounce back
Shares of copper miner Kazakhmys were dragged higher by improved market sentiment following peer Antofagasta´s full-year results out today. Worth noting, its stock has accumulated enormous losses year-to-date. LME copper futures are now up by just 0.23% at $7,758 per metric ton at the time of writing.[12 Mar '13]
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