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FTSE 250 movers: Mining and oil stocks in the red

Mon, 27th Jul 2015 18:30

(ShareCast News) - Lonmin led the miners lower on the FTSE 250 after a downgrade from HSBC hurt the platinum producer's shares.HSBC downgraded the stock to 'hold' from 'buy' and slashed its price target to 82p from 222p. The bank said medium-term earnings and EBITDA estimates are substantially lowered by cuts in platinum group metals pricing and production expectations, and its fair value has declined by 45% from 222p to 122p.Evraz, Vedanta Resources and Kaz Minerals were also among the fallers in the mining sector.Oil and gas midcaps endured a troubling session with Tullow Oil and Premier Oil in the red, as oversupply issues and fears of a Chinese economic slowdown continued to hound the sector.On the upside, Petra Diamonds gained after reporting a 2% include in full-year production in line with the company's guidance. FinnCap reiterated its 'buy' recommendation for the stock following the report.Bwin.Party Digital Entertainment was a high riser as GVC Holdings confirmed it has raised its offer for the gaming group. Under the new terms of the offer, Bwin shareholders would be entitled to receive 122.5p for each Bwin share, consisting of up to 25p in cash and the balance of the value in new GVC shares.After revisiting their spreadsheets analysts at Exane BNP decided shares of Tate&Lyle were no longer worth 540p, but rather 525p. Nonetheless, the French broker noted the shares had fallen by approximately 20% since they were last downgraded in mid-April and the stock's relative valuation has pulled back markedly over the past quarter, they said. Hence, they opted to upgrade their view on them to 'neutral' from 'underperform'.Food producer Cranswick served up an in-line set of results at the start of the week. Underlying sales were 4% higher than in the corresponding period in 2014, while export sales to the Far East jumped 14%. Management remained confident in both the prospects for the current financial year and the continued long-term success and development of the business. FTSE 250 - RisersCLS Holdings (CLI) 1,930.00p +4.44%Wizz Air Holdings (WIZZ) 1,700.00p +3.79%Petra Diamonds Ltd.(DI) (PDL) 146.20p +3.10%Bwin.party Digital Entertainment (BPTY) 111.70p +2.85%Cranswick (CWK) 1,636.00p +2.25%Riverstone Energy Limited (RSE) 985.00p +2.18%Centamin (DI) (CEY) 55.00p +1.76%Homeserve (HSV) 435.80p +1.37%Tate & Lyle (TATE) 511.00p +1.09%Crest Nicholson Holdings (CRST) 529.00p +1.05% FTSE 250 - FallersLonmin (LMI) 54.80p -12.11%Evraz (EVR) 96.25p -7.89%Vedanta Resources (VED) 398.90p -7.73%Fidelity China Special Situations (FCSS) 137.10p -7.11%Kaz Minerals (KAZ) 158.20p -6.72%Premier Oil (PMO) 124.40p -5.90%Tullow Oil (TLW) 233.80p -5.80%Ladbrokes (LAD) 117.50p -5.32%Ophir Energy (OPHR) 106.00p -4.50%Hiscox Limited (CDI) (HSX) 891.50p -4.24%
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2 Feb 2016 08:52

Paddy Power And Betfair, GVC And Bwin.Party Mergers Complete

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11 Jan 2016 15:42

GVC Holdings reports jump in annual revenue ahead of Bwin.party merger

(ShareCast News) - Gaming company GVC Holdings on Monday reported a 10.2% increase in 2015 net gaming revenue to €247.7m (£180.03m) ahead of its merger with Bwin.party. In a trading update for the year to 31 December, the group revealed annual results would be supported by a strong last quarter. Net

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11 Jan 2016 07:40

GVC Holdings Net Gaming Revenue Grows In 2015 Ahead Of Bwin Merger

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6 Jan 2016 15:09

FTSE 250 risers: Oil prices and volatile China sees shares drop

(ShareCast News) - The FTSE 250 was left sitting in a puddle by mid-afternoon Wednesday, down 184.25 points (1.07%) at 17,020.78. Low oil prices were to blame for the second tier market's biggest faller Tullow Oil as well as Cairn Energy. Both Brent Crude and West Texas Intermediate sank below $35 a

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6 Jan 2016 09:38

BROKER RATINGS SUMMARY: RBC Capital Promotes BAE Systems To Top Pick

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5 Jan 2016 07:29

Bwin.Party Achieves Growth In Net Revenue In Fourth Quarter

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5 Jan 2016 07:16

Bwin.party ends year on high ahead of takeover

(ShareCast News) - Bwin.party ended its financial year on a high, ahead of its final results and takeover by GVC Holdings. The FTSE 250 online gambling company, in a market update on Tuesday, said its fourth quarter net revenue was up 5% on the previous year, driven primarily by sports betting and c

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5 Jan 2016 07:07

London pre-open: Stocks seen higher as Asia stabilises

(ShareCast News) - London stocks are set to open higher on Tuesday on the back of a stabilisation in Asian markets following heavy losses in the previous session. The FTSE 100 is expected to start 49 points higher than Monday's close at 6,142. "After an initial wobble, shares in Shanghai and Shenzh

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22 Dec 2015 16:05

Earnings, Trading Statements Calendar - Week Ahead

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16 Dec 2015 15:28

FTSE 250 movers: Strong trading leads Supergroup to top of the pack

(ShareCast News) - The FTSE 250 was on track to finish the day in the green on Wednesday, up 78.47 points (0.46%) to 17,078.03 by mid-afternoon. Supergroup led the risers after it released its half year report, showing strong trading leading to positive sales growth. The owner of popular faux-Japane

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16 Dec 2015 09:50

BROKER RATINGS SUMMARY: Exane BNP Raises Pearson To Outperform

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15 Dec 2015 11:04

GVC/bwin.party shareholders approve takeover deal

(ShareCast News) - Online gaming outfit GVC Holdings' takeover of bwin.party digital entertainment moved a step closer on Tuesday as shareholders of both companies approved the deal. bwin.party said 99.99 per cent of shareholders voted in favour of the deal, while 99.91 of GVC's did the same. Both

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17 Nov 2015 12:52

Bwin extends supply deal with Danish partner

(ShareCast News) - Bwin.Party Digital Entertainment announced a multi-year extension to its existing B2B supply agreement with Danske Licens Spil, which is the online gaming subsidiary of Danske Spil. The Danske Spil Group is 80% owned by the Danish government and is one of the largest betting and g

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17 Nov 2015 12:18

Bwin.Party Digital Entertainment Extends Deal With Danske Licens

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10 Nov 2015 08:44

bwin's non-exec director steps down

(ShareCast News) - Daniel Silvers has stepped down from bwin.party's board of non-executive directors, the online gaming group said on Tuesday. Earlier this year, Silvers announced he would leave SpringOwl Asset Management to pursue commercial interests elsewhere. As a result of his decision, he cho

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