Latest Share Chat

KAZ.L Share News (KAZ)

KAZ.L Information

There is currently no data for KAZ

FTSE 250 movers: Oil surge lifts mid-caps, N Brown down

Mon, 10th Oct 2016 15:43

(ShareCast News) - Led by a group of resources stocks and a late surge in oil prices, the FTSE 250 moved into positive territory on Monday afternoon. Copper-focused Kaz Minerals and steel maker Evraz topped the leader board ahead of their third-quarter production updates later this month.There might have been some reflected glow from Vedanta Resources as the diversified miner, which received shareholder approval for the proposed merger with Cairn India last month, posted its production results for the second quarter and half-year to 30 September.Production was better than expected, with aluminium delivering a quarter of record production driven by planned capacity expansions and oil/gas, copper smelting and power were all solid, with Zinc India saw volumes recover strongly following a weak first quarter.Oil services group Hunting and FTSE 250 oil producer Cairn Energy saw their shares boosted later in the session as oil prices picked up.Shares in SVG Capital rose after US rival HarbourVest Bidco proposed to buy its investment portfolio for at least £783.1m, trumping the current offer from Goldman Sachs and the Canada Pension Plan Investment Board.HarbourVest said the offer price would enable a return of more than 700p per share to SVG's shareholders.The US firm said it expects "the board will be keen to explore this asset proposal given the clear value uplift it represents to shareholders".A strong early riser, William Hill was up by only 3% by late on Monday after it confirmed talks with Toronto-listed Amaya Inc, owner of the PokerStars website, about a potential merger.The bookmaker, responding after rumours emerged at the weekend, said the potential all-share merger of equals would be classified as a reverse takeover and would see the new company incorporated and listed in the UKBerenberg analysts said the positives for the deal were fulfilling the desire to increase digital exposure, geographical diversification and technological independence, there were concerns around that the value creation potential for William Hill's shareholders, the increase in non-regulated exposure, "slim potential" for cross-selling from poker to other verticals, the high leverage and the "sheer complexity" of the deal.One of the main fallers was clothing retailer N Brown, ahead of its interim results on Tuesday after a tough time for the sector.UBS has forecast profit will be down 18% year on year on consensus sales of £423m, up 1.7% year on year."The big questions will be on weakness of current trading in September and into October and whether the N Brown business model has become more flexible to offset some of the historic levels of discounting it has seen in periods of unseasonable weather."The recent announcement of the delay and incremental cost of the IT plan 'Fit for the Future' will likely attract a large degree of debate as to what the incremental cost is and why there was a delay."FTSE 250 - RisersKaz Minerals (KAZ) 252.70p 5.64%Evraz (EVR) 206.70p 4.45%CMC Markets (CMCX) 200.50p 3.89%Vedanta Resources (VED) 655.50p 3.72%Hunting (HTG) 525.50p 3.44%Ladbrokes (LAD) 137.90p 3.22%Cairn Energy (CNE) 204.50p 3.13%Hays (HAS) 135.20p 2.89%Smurfit Kappa Group (SKG) 1,823.00p 2.88%SVG Capital (SVI) 687.50p 2.84%FTSE 250 - FallersMoneysupermarket.com Group (MONY) 284.50p -4.79%DFS Furniture (DFS) 246.50p -4.68%Brown (N.) Group (BWNG) 177.30p -4.37%Marshalls (MSLH) 279.20p -3.22%Shawbrook Group (SHAW) 240.10p -3.19%Berkeley Group Holdings (The) (BKG) 2,381.00p -3.01%Halfords Group (HFD) 320.50p -3.00%Countryside Properties (CSP) 230.50p -2.95%Workspace Group (WKP) 653.00p -2.90%Pets at Home Group (PETS) 219.30p -2.88%

More News

17 Oct 2016 14:57

FTSE 250 movers: Miners rally, housebuilders slump

(ShareCast News) - The FTSE 250 index fell 0.83% to 17,831.76 points in afternoon trade on Monday. Drax Group was the biggest riser as Credit Suisse reiterated an 'outperform' rating and raised its target price on the shares from 415p to 425p. Credit Suisse said the European Commission might soon a

29 Sep 2016 08:23

KAZ begins commissioning at Bozshakol clay plant

(ShareCast News) - KAZ Minerals announced the completion of construction and the commencement of commissioning works at the Bozshakol clay plant on Thursday. The FTSE 250 firm said the clay plant has an annual processing capacity of five million tonnes and is expected to commence production of salea

29 Sep 2016 06:51

KAZ Minerals Starts Commissioning Works At Bozshakol Clay Plant

21 Sep 2016 15:36

Broker tips: Anglo American, Kaz, Barclays, Ocado

(ShareCast News) - Barclays upgraded Anglo American to 'equalweight' from 'underweight' and lifted the price target to 845p from 550p on strong valuation support and solid earnings momentum, particularly from the recent rally in coking coal which leaves the balance sheet in a much better position th

21 Sep 2016 14:50

Sector movers: Miners boosted by positive broker views

(ShareCast News) - Shares in miners provided the biggest lift for the market, as at least two more top brokers weighed in with positive views on the space. Barclays upgraded its view on Anglo American and Kaz Minerals, to 'equalweight' from 'underweight' in both cases. On Anglo American, the broker

21 Sep 2016 14:22

FTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low

(ShareCast News) - The FTSE 250 index on Wednesday recouped its losses from this and last week, led by further gains for miners. Top of the mid-cap list was miner and steel maker Evraz. Analyst Mike van Dulken at Accendo Markets said the Russian group, where Chelsea owner Roman Abramovich has a 31%

21 Sep 2016 09:23

Barclays upgrades Anglo American, Kaz as it reviews mining sector

16 Sep 2016 14:03

Macquarie hikes target price on KAZ Minerals

(ShareCast News) - Analysts at Macquarie hiked their target price on shares of KAZ Minerals ahead of what they described as a "key" debt refinancing which was expected before year-end 2016 which might act as a key catalyst for the stock. In a research note dated 15 September, analyst Alon Olsha also

24 Aug 2016 17:55

Directors dealings: LondonMetric directors sell as quarterly dividend declared

(ShareCast News) - LondonMetric Property directors sold more than £1.5m-worth of shares in the company, which on Wednesday declared a first quarterly interim dividend of 1.8p a share. The ex-dividend date was 1 September, with the record date being 2 September and the dividend payment date diaried f

23 Aug 2016 09:19

Tuesday broker round-up

(ShareCast News) - Ithaca Energy: Barclays reiterates underweight with a target price of 70p. Mediclinic: JP Morgan maintains neutral with a 1160p target. Premier Oil: Barclays reiterates overweight with a 100p target. South 32: Jefferies reiterates hold with a 110p target. Mondi: Citigroup keeps

22 Aug 2016 10:40

Broker tips: William Hill, Bodycote, KAZ Minerals

(ShareCast News) - Barclays reinstated coverage of William Hill at 'overweight', raising the price target by 3% to 340p. It said the stock is cheap and there are potential catalysts in the second half such as announcements around cost savings in retail and online and hopefully news on a new chief ex

22 Aug 2016 09:09

Monday broker round-up

(ShareCast News) - William Hill: Barclays reiterates overweight with a target price of 340p. Anglo American: JP Morgan maintains overweight with a 1100p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Admiral Group: Berenberg reiterates underweight with a 1746p target. Eas

22 Aug 2016 07:31

UBS ups KAZ Minerals to 'buy' from 'neutral'

(ShareCast News) - UBS upgraded KAZ Minerals to 'buy' from 'neutral' and lifted the price target to 270p from 150p saying it is now delivering on growth. In addition, it said it likes the group's strong growth profile, and execution risk at Bozshakol and Aktogay has decreased materially. "A site vi

19 Aug 2016 16:08

London close: Stocks taper as sterling, commodity prices lose traction

(ShareCast News) - UK stocks whimpered to a lower close on Friday as sterling lost traction on renewed Brexit fears and commodity prices headed south. The spectre of the Lisbon Treaty's Article 50 rose once more, following a media report that claimed UK Prime Minister Theresa May was sympathetic to

Latest Share Chat

KAZ.L Share News (KAZ)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 250 movers: Oil surge lifts mid-caps, N Brown down

Login to your account

Quickpicks are a member only feature

Login to your account