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FTSE 250 movers: African Barrick climbs on rating upgrade

Fri, 11th Apr 2014 15:31

African Barrick Gold rose after Numis raised its target price from 170p to 260p and upgraded the miner from 'sell' to 'hold'.Drax also climbed following Deutsche Bank's decision to reiterate its 'buy' rating on the stock.Technology group Pace and biotech-focused Worldwide Healthcare Trust were lower as the wider sector and related stocks fell sharply on the back of the tech-heavy Nasdaq sell-off in the US on Thursday evening. Fund manager Jupiter was lower after it failed to impress with a small increase in assets under management (AuM) during its first quarter, with net inflows totalling over half a billion pounds. AuM rose to £32.21bn in the three months to March 31st, up nearly 2% from £31.66bn at the start of the year.Numis Securities weighed on the share price of stationery and books retailer WH Smith after cutting its recommendation from 'add' to 'hold'.FTSE 250 - RisersITE Group (ITE) 206.90p +2.94%Genus (GNS) 950.50p +1.12%Phoenix Group Holdings (DI) (PHNX) 643.50p +1.02%Croda International (CRDA) 2,571.00p +0.78%KCOM Group (KCOM) 100.20p +0.70%African Barrick Gold (ABG) 259.70p +0.62%Drax Group (DRX) 740.00p +0.61%Dunelm Group (DNLM) 1,007.00p +0.60%Jardine Lloyd Thompson Group (JLT) 1,060.00p +0.47%Euromoney Institutional Investor (ERM) 1,202.00p +0.33%FTSE 250 - FallersPace (PIC) 401.40p -7.85%IP Group (IPO) 196.80p -6.51%Worldwide Healthcare Trust (WWH) 1,200.00p -5.66%Workspace Group (WKP) 574.00p -5.28%Jupiter Fund Management (JUP) 383.70p -5.24%Imagination Technologies Group (IMG) 201.30p -5.09%CSR (CSR) 648.00p -4.92%Intermediate Capital Group (ICP) 438.30p -4.86%Perform Group (PER) 238.10p -4.84%RPS Group (RPS) 305.60p -4.80%NR
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1 Apr 2015 07:59

ITE Group Says First Half In Line As Russia, Ukraine Drag Down Revenue

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1 Apr 2015 06:27

ITE Group warns on H1 revenue due to weak trading in Ukraine, Russia

April 1 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it expected its first-half revenue to be about 21 percent lower than a year earlier due to weaker trading conditions in Ukraine and Russia. The company, which has been hurt by tensions between Russia and Uk

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6 Mar 2015 14:33

ITE Group acquires portfolio of events in Africa

Exhibitions group ITE has acquired a major stake of a portfolio of events for £16m, funded by a placing of new shares. ITE now holds 50.1% of the portfolio, which includes the Africa Oil Week event, while GPP Energy Advisors holds the remaining stake. The group said put and call options were in pla

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6 Mar 2015 13:33

UPDATE 2-ITE Group dials in to Africa events market

* Deal to add 4 mln stg to 2016 pretax profit - CEO * Says ITE to look at small deals in Africa, India and China * Shares up 5.4 pct (Adds CEO comments, updates share movement) By Noor Zainab Hussain March 6 (Reuters) - Trade exhibition organiser ITE Group Plc bought a

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6 Mar 2015 07:52

ITE Group moves into Africa; buys stake in Africa Oil Week conference

March 6 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it had acquired a majority stake in a portfolio of events from GPP Energy Advisors Ltd for 16 million pounds ($24 million). The deal will be funded in part via an institutional placing to raise 12 million p

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6 Mar 2015 07:37

ITE To Buy Stake In Events Portfolio, Part Funded By Share Placing (ALLISS)

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