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FTSE 250 movers: Kaz Minerals surges, Evraz slumps

Thu, 18th Aug 2016 15:29

(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.For the six months to the end of June, the copper miner said core profit rose to $115m from $88m in the same period last year. Pre-tax profit surged to $91m from $2m last year. Although revenue fell to $302m from $341m, cost of sales declined to $170m from $282m and administrative expenses dropped to $51m from $71m.Thomas Cook also flew higher after announcing deal to outsource 3,000 hotel contracts to Australian online travel agent Webjet. Webjet's European subsidiary, Sunhotels, will assume control of contracting and sourcing hotels for the British company's so-called complementary business.Thomas Cook said the deal will cut costs, helping the travel agent to move towards its target of increasing earnings before interest and tax by between £20m and £25m.On the downside, Evraz shares slumped after the Russian steel miner reported a drop in half year revenue due to weaker steel prices.For the six months ended 30 June, revenue decreased by 27.6% to $3,543m compared to the same period last year. The decline reflected a 29.5% year-on-year drop in revenue from sales of steel products, which account for 60.8% of the group's total revenue. The average price of steel fell 23.7%.Laird was on the back foot as Berenberg initiated coverage of the stock at 'sell' with a 230p price target following the company's first-half results."After reporting a weak first half, with profit before tax missing estimates by between 30-40%, the market seems to have shrugged off what we saw as a profit warning."The bank said that in order to meet consensus numbers, Laird must deliver an "exceptional" second half, which it struggles to see happening given headwinds facing the industry and business. FTSE 250 - RisersKaz Minerals (KAZ) 178.10p 8.80%Thomas Cook Group (TCG) 65.90p 7.15%Hochschild Mining (HOC) 310.30p 5.33%Hays (HAS) 128.00p 4.75%Clarkson (CKN) 2,246.00p 4.47%ICAP (IAP) 478.20p 4.21%Diploma (DPLM) 859.50p 3.80%Ascential (ASCL) 258.10p 3.70%CLS Holdings (CLI) 1,399.00p 3.63%IMI (IMI) 1,088.00p 3.62%FTSE 250 - FallersEvraz (EVR) 153.90p -10.99%Laird (LRD) 298.60p -3.05%Card Factory (CARD) 280.80p -3.01%Rank Group (RNK) 218.40p -2.46%BGEO Group (BGEO) 2,673.00p -2.41%Indivior (INDV) 321.70p -1.74%PZ Cussons (PZC) 340.90p -1.67%Fidelity European Values (FEV) 177.10p -1.56%The Renewables Infrastructure Group Limited (TRIG) 106.00p -1.49%Kennedy Wilson Europe Real Estate (KWE) 957.00p -1.44%

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10 May 2018 11:48

Laird Disposes Of Korean Prototyping Business To Hankook Tire

LONDON (Alliance News) - Electronics firm Laird PLC on Thursday said it has sold its 51% holding in its South Korean prototyping business to Hankook Tire Co Ltd for USD43.6 million.The sold

27 Apr 2018 08:16

Laird First Quarter Revenue Grows As Takeover By Advent Progresses

LONDON (Alliance News) - Laird PLC said Friday that first quarter revenue grew 8% on an organic basis with growth across all divisions, as its GBP1.00 billion takeover by Advent International Corp

20 Apr 2018 15:00

UK Shareholder Meetings Calendar - Next 7 Days

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23 Mar 2018 10:23

Engineer Babcock Appoints Two New Non-Executive Directors

LONDON (Alliance News) - Engineering company Babcock International Group PLC said Friday that it has appointed Kjersti Wiklund and Lucy Dimes as independent non-executive am a

7 Mar 2018 14:02

Advent to seek buyer for conveyor belt firm Ammeraal Beltech -sources

By Dasha Afanasieva and Clara Denina LONDON, March 7 (Reuters) - Private equity firm Advent has hired Goldman Sachs and Rothschild to sell Dutch conveyor belt company a

1 Mar 2018 08:16

UPDATE 1-Advent Intl to buy UK tech firm Laird in $1.65 bln deal

LONDON, March 1 (Reuters) - Private equity firm Advent International has agreed to buy British electronics and technology business Laird, the firms said on Thursday, valuing a

1 Mar 2018 07:23

Advent International agrees $1.4 bln takeover of Laird

LONDON, March 1 (Reuters) - Private equity firm Advent International has agreed to buy British electronics and technology business Laird, the firms said on Thursday, valuing 1

13 Feb 2017 07:59

Laird said to consider sale of precision metals division

(ShareCast News) - Laird is said to be considering the sale of one of its major divisions as it struggles to turn its business around. According to The Telegraph, the FTSE 250 electronics component maker, whose shares have fallen sharply since its profit warning in October and rights issue in Decemb

24 Jan 2017 10:32

Laird reiterates full-year expectations, on track for rights issue

(ShareCast News) - Laird, whose shares tumbled back in October after a profit warning, reiterated its full-year expectations on Tuesday as it said it was on track to announce a proposed rights issue to raise up to £185m to shore up its balance sheet. The technology company said trading for the ye

11 Jan 2017 13:58

UPDATE 3-British aerospace company Cobham misses profit target, scraps dividend

* Early readout puts trading profit at 245 mln stg * Group's already lowered target range was 255-275 mln stg * Scraps dividend after poor result on profit and debt * Shares fall as much as 21 pct (Adds CEO, CFO comments from analyst call) By Paul Sandle LONDON, Ja

2 Dec 2016 08:39

LONDON MARKET OPEN: Laird And Oil Producers Down; Housebuilders Up

2 Dec 2016 08:03

Laird to raise £185m through a rights issue, scraps final dividend

(ShareCast News) - Electronics company Laird is to raise £185m through a rights issue and scrap its final dividend in a bid to strengthen its financial position. Through the rights issue, the company will offer shares to existing shareholders in proportion to their existing holdings in the first qua

25 Oct 2016 16:23

Anglo American leads Britain's FTSE higher, Whitbread slides

* FTSE 100 index up 0.5 pct at close * Anglo American leads market higher * Whitbread falls after update * Broker downgrades weigh on midcaps (Adds detail and quote, updates prices at close) By Kit Rees and Atul Prakash LONDON, Oct 25 (Reuters) - Britain's top shar

25 Oct 2016 15:12

GRAPHIC-Downgrades, profit warnings ring Brexit alarms for UK mid-caps

* FTSE 250 vs FTSE 100: http://reut.rs/2eCvwk9 * Profit warnings spark broker downgrades * Earnings disappointments lead to outsized moves * Senior, Cobham, Laird among midcaps warning on profits By Kit Rees LONDON, Oct 25 (Reuters) - A spate of profit warnings among

25 Oct 2016 10:10

Tuesday broker round-up

(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal

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FTSE 250 movers: Kaz Minerals surges, Evraz slumps

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