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FTSE 250 movers: Carphone Warehouse, Dixons surge as shareholders approve merger

Fri, 18th Jul 2014 14:32

Merger partners Carphone Warehouse and Dixons Retail were both gaining around 5% on Friday afternoon after shareholders overwhelmingly voted in favour of the £3.7bn tie-up yesterday."I'm delighted that shareholders have unequivocally supported the creation of Dixons Carphone," said Sebastien James, Chief Executive of Dixons and the designated boss of Dixons Carphone. "The integration team has made a flying start to getting the process underway and we are encouraged by the evidence - that we are discovering every day - of just how complementary our businesses, colleagues and cultures are," he said.Other retailers were mixed, with Poundland and Debenhams both rising and Ocado and AO World trading in the red.Leading the fallers was Russia- and Ukraine-focused trade exhibitions and conferences outfit ITE Group. ITE shares sank on geopolitical tensions after a Malaysia Airlines plan was shot down in eastern Ukraine, sparking concerns about how the ongoing crisis in the country will continue to affect business.FTSE 250 - RisersCarphone Warehouse Group (CPW) 319.20p +5.35%Dixons Retail (DXNS) 49.49p +4.87%Centamin (DI) (CEY) 72.25p +2.41%Berendsen (BRSN) 1,021.00p +1.79%Hochschild Mining (HOC) 161.30p +1.45%Man Group (EMG) 119.80p +1.44%Poundland Group (PLND) 318.20p +1.34%Howden Joinery Group (HWDN) 308.80p +1.18%Merlin Entertainments (MERL) 349.40p +1.16%Debenhams (DEB) 64.55p +1.10%FTSE 250 - FallersITE Group (ITE) 213.40p -5.53%Ferrexpo (FXPO) 132.50p -3.92%Ocado Group (OCDO) 378.10p -3.15%Genus (GNS) 1,053.00p -3.04%Renishaw (RSW) 1,529.00p -2.92%AL Noor Hospitals Group (ANH) 1,011.00p -2.69%AO World (AO.) 223.10p -2.58%Thomas Cook Group (TCG) 121.70p -2.41%IP Group (IPO) 190.10p -2.31%African Barrick Gold (ABG) 235.40p -2.28%BC
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ITE To Sell Russian Events Unit To Shtab-Expo For GBP8 Million

LONDON (Alliance News) - ITE Group PLC said Wednesday it plans to sell its non-core Russian events unit ITE Expo LLC to Shtab-Expo LLC for GBP8 million.ITE Expo operates 56 smaller, events

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25 Jul 2018 16:00

ITE Sells 75% Stake In Malaysian Events Firm To UBM Subsidiary

LONDON (Alliance News) - ITE Group PLC said on Wednesday it has sold a 75% stake in Malaysia-based events business ECMI ITE Asia Sdn Bhd and other Indonesian assets to UBM PLC's subsidiary Sdn

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3 Jul 2018 16:08

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2 Jul 2018 16:36

DIRECTOR DEALINGS: ITE Strategy Director Rakhi Williams Buys Shares

LONDON (Alliance News) - ITE Group PLC said Monday Strategy Director Rakhi Williams purchased 38,042 shares at a price of 73.20 pence each.Williams' holding in the company, if any, was

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18 Jun 2018 15:58

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25 May 2018 13:29

DIRECTOR DEALINGS: ITE Group Chief Executive And Chairman Buy Shares

LONDON (Alliance News) - ITE Group PLC on Friday said its Chief Executive Officer Mark Shashoua and Chairman Richard Last acquired shares in exhibitions and conferences organising firm, both on at

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15 May 2018 12:23

ITE Profits Falls On Restructuring Costs As Acquires Ascential Unit (ALLISS)

LONDON (Alliance News) - Business exhibitions firm ITE Group PLC said Tuesday its half-year profit fell amid restructuring costs despite its revenue rising on a reported and like-for-like basis as

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15 May 2018 10:33

Ascential Sells Exhibitions Business To ITE For GBP300 Million (ALLISS)

LONDON (Alliance News) - Ascential PLC said Tuesday it will sell its exhibitions business to ITE Group PLC for GBP300 million in cash after a strategic review.ITE will acquire the business

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8 May 2018 16:09

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24 Apr 2018 14:09

ITE Sells Malaysian Exhibitions Unit For GBP4.2 Million To UBM

LONDON (Alliance News) - ITE Group PLC said Tuesday it sold Malaysian subsidiary and Metaltech-owner TradeLink ITE Sdn Bhd for GBP4.2 million to UBMMG Holdings Sdn Bhd, a subsidiary of UBM firm or

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4 Apr 2018 11:30

ITE Confident In Annual Results As Anticipates Interim Revenue Growth

LONDON (Alliance News) - ITE Group PLC on Wednesday said it is confident in its full-year expectations with current trading in line and revenue up in the first half.The

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26 Jan 2017 15:44

ITE Group revenue rises slightly as it faces tough trading

(ShareCast News) - ITE Group published a trading update for the period from 1 October to date on Thursday, including its first quarter trading period from 1 October to 31 December. The London-listed firm's investors were meanwhile gathering for its annual general meeting. Trading in the first quart

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29 Nov 2016 08:39

ITE Swings To Loss As Trading Conditions Remain Challenging

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