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FTSE 250 movers: Gold miners shine; Wizz Air flies lower

Thu, 02nd Feb 2017 14:31

(ShareCast News) - The FTSE 250 index rose 0.13% to 18,264.17 in the late afternoon.Financial services firm JRP Group was in the green as it reported that its margin for 2016 will exceed 6%, up from 3.6% on a pro-forma basis from the previous year, due to pricing and risk selection, as well as on mortgage yields.Multinational sports betting and gaming group and owner of the 'Foxy Bingo' brand GVC Holdings shot up as it confirmed it has now repaid in full the outstanding loan of €386m provided by Cerberus Business Finance, through a combination of existing cash resources and the drawdown of the €250m loan from Nomura International.Gold Miners Centamin and Acacia Mining gained as the price of the yellow metal rose by 1.08%.Hungarian low cost airline Wizz Air flew lower despite passenger numbers increasing 23.3% in January, while the budget eastern Europe-focused airline also announced new routes to and from Poland, Bulgaria and Lithuania.Aberdeen Asset Management was in the red as Donald Trump's election win derailed a solid start to 2017 leading to £10.5bn of outflows from its emerging markets-focused funds as investors moved into less volatile assets."Investor sentiment had been improving steadily in the early part of the quarter, but stalled following the US presidential election result with investors putting asset allocation decisions on hold," said chief executive Martin Gilbert.Nostrum Oil and Gas slipped as oil prices fell, with the West Texas Intermediate down by 0.6% to $53.57 per barrel and Brent crude dipping 0.4% to $56.56.RisersGVC Holdings (GVC) 653.00p 6.01%Centamin (DI) (CEY) 166.90p 4.12%Rightmove (RMV) 4,186.00p 3.64%Kaz Minerals (KAZ) 505.00p 3.48%JRP Group (JRP) 151.50p 3.34%Howden Joinery Group (HWDN) 392.30p 3.24%Evraz (EVR) 242.20p 2.98%Polypipe Group (PLP) 356.70p 2.74%Acacia Mining (ACA) 430.50p 2.43%Auto Trader Group (AUTO) 407.60p 2.41%FallersMitchells & Butlers (MAB) 260.30p -4.09%Wizz Air Holdings (WIZZ) 1,550.00p -4.08%Ferrexpo (FXPO) 154.10p -3.75%Aberdeen Asset Management (ADN) 248.90p -3.56%Ocado Group (OCDO) 234.90p -3.17%Nostrum Oil & Gas (NOG) 461.40p -3.05%Shawbrook Group (SHAW) 243.70p -2.91%Senior (SNR) 192.00p -2.88%OneSavings Bank (OSB) 340.60p -2.43%Cobham (COB) 132.00p -2.29%
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6 Oct 2016 08:36

Amundi offers around 4 bln euros for UniCredit's Pioneer-sources

MILAN, Oct 6 (Reuters) - France's Amundi has made a higher than expected 4 billion euro ($4.5 billion) offer to buy UniCredit's asset manager Pioneer, two sources close to the matter said on Thursday. Amundi is one of four bidders vying for Pioneer, alongside an Italian consortium led by P

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4 Oct 2016 16:16

UPDATE 1-Four bidders vying for UniCredit's asset manager Pioneer -sources

* Amundi and Poste-led consortium seen as frontrunners * Macquarie and Aberdeen Asset Management also in the race * Natixis offered last chance to sweeten non-binding offer (Adds context on bidders, industry consolidation) By Pamela Barbaglia LONDON, Oct 4 (Reuters) - Fo

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3 Oct 2016 16:08

European shares inch up as fund managers advance; FTSE outperforms

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) Adds closing prices, details) * Henderson/Janus deal lifts shares of fund managers * FTSE touches 16-month high as sterling drops

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3 Oct 2016 08:31

European shares edge up as fund management stocks advance

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) * Henderson/Janus deal lifts shares of fund managers * German DAX market closed for public holiday * STOXX 600 still down around

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3 Oct 2016 08:18

BUZZ-Henderson: best day in 7.5 yrs on Janus merger

** Henderson Group rises 16 pct in volume after agreeing a merger with Janus Capital ** Brokers point to accretiveness of the deal - $110 mln of synergies p.a. or 16 pct of the combined group's EBITDA - for share price reaction ** Best day for the stock since January 2009 ** Eas

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28 Sep 2016 11:57

Dissident SABMiller shareholder Aberdeen disappointed with vote

LONDON, Sept 28 (Reuters) - Aberdeen Asset Management , an SABMiller shareholder that opposed the brewer's takeover by Anheuser Busch InBev, said it was "obviously disappointed by not surprised by" the resounding approval shareholders of SABMiller gave the deal. SAB shareholders overwhelmin

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27 Sep 2016 16:02

Directors dealings: Aberdeen's innovation chief picks up shares

(ShareCast News) - Aberdeen Asset Management's non-executive director Julie Chakraverty picked up shares in the fund manager two weeks after the Financial Conduct Authority told the firm it must boost it regulatory capital from £335m to £475m. Chakraverty, who chairs Aberdeen's innovation committee

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25 Sep 2016 20:21

MEDIA-Asset managers accused of climate change hypocrisy -FT

-- Source http://on.ft.com/2daK0Gf -- Note: Reuters has not verified this story and does not vouch for its accuracy (Americas Desk Newsroom)

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22 Sep 2016 11:10

EU mergers and takeovers (Sept 22)

BRUSSELS, Sept 22 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Czech investor EPH and private equity group PPF Investments to buy from Sweden's state-owned utility Vattenfall lig

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21 Sep 2016 06:00

Trillion-dollar global fund industry faces pressure to tighten belt

* Rich margins crimped by changes to market structure * Reuters analysis shows fee margin falling for some firms * Revenue per employee also falling; may herald job cuts By Simon Jessop, Sinead Cruise and Trevor Hunnicutt LONDON/NEW YORK, Sept 21 (Reuters) - Home to trilli

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21 Sep 2016 05:30

RPT-Three main contenders in bidding for Unicredit's Pioneer - sources

(Repeats with no changes to text) By Pamela Barbaglia and Anjuli Davies LONDON, Sept 20 (Reuters) - Three bidders have emerged as the main contenders to buy UniCredit's fund management arm Pioneer, in a deal which could net 3 billion euros ($3.4 billion) for Italy's largest bank, sour

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20 Sep 2016 19:07

Three main contenders in bidding for Unicredit's Pioneer - sources

By Pamela Barbaglia and Anjuli Davies LONDON, Sept 20 (Reuters) - Three bidders have emerged as the main contenders to buy UniCredit's fund management arm Pioneer, in a deal which could net 3 billion euros ($3.4 billion) for Italy's largest bank, sources familiar with the matter said on Tue

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19 Sep 2016 17:28

Henderson plans to reopen suspended UK property fund next month

Sept 19 (Reuters) - Henderson Global Investors plans to reopen the UK property fund it suspended after Britain's vote to leave the European Union, making it the fourth asset manager to lift suspensions imposed in the wake of the surprise result. The Henderson UK Property PAIF and its Feeder

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19 Sep 2016 10:58

British funds face up to rainy day cash pot demands

* FCA asks Aberdeen Asset Management to up minimum holding * Comes as regulators question risk posed by funds * May crimp shareholder payouts, M&A, capex plans By Simon Jessop LONDON, Sept 19 (Reuters) - Britain's fund managers face calls to hold more emergency cash, poten

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12 Sep 2016 12:31

UPDATE 2-Aberdeen cash buffers raised by regulator; dividend seen safe

* Aberdeen told to hold 475 mln stg, up from 335 mln * Firm had 553 mln stg in cash at end-March * Credit Suisse analysts see no hit to dividend (Adds background, FCA) By Maiya Keidan and Simon Jessop LONDON, Sept 12 (Reuters) - Aberdeen Asset Management must increase t

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