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OFFICIAL CORRECTION-ENRC offer deadline extended to 6 Oct

Thu, 26th Sep 2013 08:57

LONDON, Sept 26 (Reuters) - * Rpt-ENRC bidders say haveshares representing approximately 95.99 per cent. of the issuedshare capital of ENRC* Official Correction-ENRC bidders say offer is being extendedand will remain open for acceptance until 1.00 P.M. (Londontime) on 6 October 2013

* Source text for Eikon:

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24 Jun 2013 11:38

London midday: FTSE 100 nearly erases year-to-date gains

After a bright start, the FTSE 100 had sunk sharply into the red by Monday lunchtime with the index having nearly erased all of the impressive gains made since the start of the year. The Footsie was trading 1.05% lower by midday at around 6,052, compared to an intraday high of 6,132 reached early o

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24 Jun 2013 11:09

ENRC independent directors say cannot back buyout bid

LONDON, June 24 (Reuters) - The independent directors of Kazakh miner ENRC said on Monday they would not back a $4.7 billion buyout bid from the group's trio of founding shareholders. The independent committee of the board said the offer, worth around 234 pence per share, "materially underv

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24 Jun 2013 09:22

UPDATE 2-ENRC $4.7 bln buyout bid gets support from Kazakhmys

* Kazakhmys says bid for ENRC buyout "best alternative" * Founders confirm offer worth 243.3 pence per share * Kazakhmys down over 10 pct, ENRC shares below bid level By Clara Ferreira-Marques LONDON, June 24 (Reuters) - A $4.7 billion bid by the founders of ENRC to buy ou

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24 Jun 2013 08:27

London open: Stocks edge higher after recent sell-off

The FTSE 100 opened in positive territory on Monday morning, albeit only slightly, as markets made a tentative start to the new week following the dramatic sell-off seen over recent sessions. London's benchmark index closed Friday's session at just 6,116 following a number of steep declines since t

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24 Jun 2013 06:30

Kazakhmys board backs bid for ENRC, "realistic" exit

LONDON, June 24 (Reuters) - The board of Kazakh miner Kazakhmys, the single largest shareholder in miner ENRC , has said it will back a buyout bid for its troubled rival, an offer it characterised as the only "realistic opportunity" to sell out. Support from Kazakhmys, with its long-problem

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23 Jun 2013 23:51

Sunday newspaper round-up: ENRC, BIS, PBoC

The trio of Central Asian oligarchs who founded FTSE 100 listed miner ENRC are expected to return tomorrow to the markets with an even lower offer for the company. The new bid is expected by analysts to value the company at 240p per share, less even than the 260p initially tabled. While the firmĀ“s

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23 Jun 2013 12:03

UPDATE 1-Founders set for reduced $4.7 bln buyout bid for ENRC

* Offer would be worth 234.3 pence per ENRC share * Founders face June 24 deadline for firm bid By Matt Scuffham and Clara Ferreira-Marques LONDON, June 23 (Reuters) - The billionaire founders of ENRC are close to finalising a buyout bid for the London-listed Kazakh miner, valu

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23 Jun 2013 10:08

ENRC founders close to 3.04 bln stg buyout offer

LONDON, June 23 (Reuters) - The billionaire founders of miner ENRC are close to finalising a buyout offer valuing the business at about 3.04 billion pounds ($4.68 billion), they said in a statement on Sunday. ENRC's founding trio and key shareholders - Alexander Machkevitch, Alijan Ibragimo

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21 Jun 2013 16:12

No improvement in sight as founders hammer out ENRC buyout bid

* Bidders face June 24 "put up or shut up" deadline * Offer indicated in May was for 175p in cash plus 0.231 Kazakhmys share * At current prices, offer is worth 238p/share * ENRC currently trading around 219p By Clara Ferreira-Marques LONDON, June 21 (Reuters) - The

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19 Jun 2013 17:17

London close: All eyes on tonight's Fed meeting

UK markets gave back Tuesday' slight gains as traders continued to take positions, or stay on the side lines, ahead of the all-important policy decision - and accompanying market reaction - from the US Federal Reserve due out later this evening. "Bernanke has two key messages that he wants to get a

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19 Jun 2013 12:01

London midday: Markets cautious as eyes remain fixed on Fed

A decline in risk appetite meant that UK markets were in the red on Wednesday morning ahead of the all-important policy decision from the Federal Reserve due out later this evening. "Attention is firmly on the Fed's monetary policy decision and press conference later, with investors clearly concern

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18 Jun 2013 17:04

London close: Markets move higher with Fed decision in focus

After a subdued start, the FTSE 100 finished with impressive gains on Tuesday as investors put aside worries ahead of the key 'risk event' of the week, the monetary policy meeting at the Federal Reserve. Banking stocks in London were performing well today after the China Securities Journal suggeste

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18 Jun 2013 14:34

FTSE 100 movers: Whitbread jumps as Costa drives strong first-quarter growth

Whitbread was performing well on Tuesday after the company reported a decent first quarter with group sales up 13.8 per cent, boosted by growth at Premier Inn and another strong performance from Costa which saw sales jump by an impressive 24.8 per cent. Whitbread said that while sales in its resta

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12 Jun 2013 16:58

Russian retreat from FTSE 100 extended with relegated metals firms

* Evraz, Polymetal demoted from FTSE 100 * Travis Perkins, Persimmon promoted to FTSE 100 * Russian gold miner Petropavlosk relegated to small caps * FTSE reshuffle effective after UK close on June 21 By David Brett LONDON, June 12 (Reuters) - Russian companies' exod

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12 Jun 2013 09:26

Down, not out: Russians exit FTSE 100 but London retains allure

* Russian metals firms set to exit blue chip index * Metals prices to blame, foreign ownership under wider spotlight * FTSE still appeals to miners, Russians stick with GDRs By Clara Ferreira-Marques and Alessandra Prentice LONDON/MOSCOW, June 12 (Reuters) - Two Russian m

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