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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%
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19 Aug 2016 12:07

Friday broker round-up

(ShareCast News) - GKN: Goldman Sachs reiterates neutral with a target price of 311p. Admiral group: Canaccord maintains hold with a 2100p target. Standard Chartered: UBS reiterates sell with a 600p target. Intertek: Berenberg reiterates hold with a 3600p target. Kaz Minerals: Credit Suisse keeps

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19 Aug 2016 10:17

Broker tips: Gem Diamonds, Glencore, KAZ Minerals

(ShareCast News) - RBC Capital Markets downgraded Gem Diamonds to 'sector perform' from 'outperform' and slashed the price target to 130p from 170p. The bank said the investment thesis for Gem revolves around the Letseng mine in Lesotho. It said the Ghaghoo mine in Botswana is a drag on valuation,

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19 Aug 2016 08:19

Credit Suisse upgrades KAZ Minerals, says development risks receding

(ShareCast News) - Credit Suisse upgraded KAZ Minerals to 'outperform' from 'neutral' and lifted the price target to 250p from 165p saying development risks are receding. "Our concerns around KAZ have centred around execution risks at the two main growth projects and funding risks due to high levels

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19 Aug 2016 07:34

BUZZ-Kaz Minerals: extends gains after Peel Hunt upgrades

** Kaz Minerals up 2.5 pct, trading around 4-mth highs, as Peel Hunt upgrades to "Add" from "Hold" and raises TP to 200p from 160p - a day after it announced H1 profit rise ** Peel Hunt says Kaz has done a better job of cutting cost than it had expected ** The Kazakhstan copper firm s

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18 Aug 2016 16:06

Britain's FTSE edges up, helped by miner rally

* Blue chip FTSE 100 up 0.1 pct * Dollar falls after U.S. Fed minutes, miners gain * Kingfisher, Kaz Minerals up after results (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

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18 Aug 2016 15:29

FTSE 250 movers: Kaz Minerals surges, Evraz slumps

(ShareCast News) - The FTSE 250 rose 0.59% to 17,863.91 points in Thursday afternoon trade. Kaz Minerals was the biggest riser on London's second tier index after it reported a rise in first half earnings and said its new Bozshakol project is on track for commercial output in the second half. Fo

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18 Aug 2016 09:25

UPDATE 2-Kaz Minerals says can maintain profit in weak copper market

* Bolzshakol on track for commercial output in H2 * Share price rallies strongly * Analysts caution about debt levels, say copper market fragile (Adds analyst comment, detail) By Barbara Lewis LONDON, Aug 18 (Reuters) - Kazakhstan copper firm Kaz Minerals said it can car

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18 Aug 2016 09:10

Britain's FTSE gains as miners rally

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * Blue chip FTSE 100 up 0.2 pct * Dollar falls after U.S. Fed minutes, miners gain * Kingfisher, Kaz Minerals up after resultsRead more

18 Aug 2016 07:47

Kaz Minerals first-half profit up, Bozshakol project on track

(ShareCast News) - Kaz Minerals surged on Thursday as it reported a rise in first-half earnings and said its new Bozshakol project is on track for commercial output in the second half. For the six months to the end of June, the copper miner said core profit rose to $115m from $88m in the same period

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18 Aug 2016 07:31

LONDON MARKET OPEN: Miners' Rally Offsets FTSE 100 Ex-Dividend Losses

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18 Aug 2016 07:21

BUZZ-Kaz: top UK midcap gainer as H1 profit rises

** Kaz Minerals +c.7%, most actively traded stock & top pct gainer on FTSE midcap index after Kazakhstan copper miner reports higher H1 core profit ** EBITDA rises to $115 mln from $88 mln year ago; major new project Bozshakol on track for commercial output in H2 ** Nearly 2/3 30-day

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18 Aug 2016 06:22

Kaz Minerals reports year-on-year rise in H1 profit

LONDON, Aug 18 (Reuters) - Kazakhstan copper firm Kaz Minerals on Thursday said core first-half profit (EBITDA) rose to $115 million from $88 million a year ago, and its major new project Bozshakol was on track for commercial output in the second half. Bozshakol is ramping up with more than

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11 Aug 2016 15:03

UK Earnings, Trading Statements Calendar - Next 7 Days

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10 Aug 2016 09:21

Canaccord reiterates 'hold' on KAZ Minerals

(ShareCast News) - Canaccord Genuity on Wednesday reiterated a 'hold' rating on KAZ Minerals but raised its target price to 155p from 130p. "While our main concern on KAZ remains the weak copper price hindering the company's debt pay-down plans as it completes its growth projects, the company has re

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28 Jul 2016 12:00

KAZ Minerals' copper, gold production rises in Kazakhstan, Kyrgyzstan

(ShareCast News) - Kaz Minerals reported an increase in second quarter copper and gold production in its four mines in Kazakhstan and Kyrgyzstan. Copper cathode production increased by 43% to 52,600 tonnes (kt) in the three months ended 30 June, due to commissioning of new mines in the east regio

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