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FTSE 250 movers: PartyGaming surges as sales rise

Thu, 03rd Mar 2011 15:28

Online gambling firm PartyGaming is the best performer on the FTSE 250 after 2010 revenues rose by 15%, after casino games, bingo and sports betting offset weakness from the company's poker operations.Cobham was also higher despite statutory pre-tax profits for 2010 falling to £189m, from £245m, hurt by delays in orders in the US. Revenues edged up to £1.8bn, from £1.75bn.Housebuilder Taylor Wimpey returned to profit in 2010 and has made a positive start to the current year with prices up in some places, sending shares up.Kitchen supplier Howden Joinery topped full year market expectations with a 47% increase in profit, but the market was underwhelmed and shares drifted into the red.Shares in broadcaster ITV are edging into the red the same day that the UK government approved News Corp's bid for BSkyB. News Corp rival Daily Mail and General Trust is also under the weather.Retailers Home Retail Group and JD Sport Fashion also lower.FTSE 250 - RisersPartyGaming (PRTY) 186.10p +6.34%Inchcape (INCH) 405.60p +5.90%Cobham (COB) 221.00p +5.79%Renishaw (RSW) 1,675.00p +5.02%Taylor Wimpey (TW.) 40.91p +4.90%Imagination Technologies Group (IMG) 451.90p +4.85%Elementis (ELM) 149.10p +4.41%Cookson Group (CKSN) 698.50p +3.79%Ashtead Group (AHT) 182.00p +3.70%Devro (DVO) 278.90p +3.68%FTSE 250 - FallersHansen Transmissions International NV (DI) (HSN) 40.17p -4.88%Home Retail Group (HOME) 208.30p -3.43%Marston's (MARS) 93.90p -3.15%ITV (ITV) 90.70p -2.94%Daily Mail and General Trust (DMGT) 542.00p -2.78%Exillon Energy (EXI) 442.20p -2.73%JD Sports Fashion (JD.) 891.00p -2.62%Howden Joinery Group (HWDN) 113.00p -2.59%Ocado Group (OCDO) 208.60p -2.52%Micro Focus International Plc (MCRO) 303.90p -2.47%
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29 Jul 2010 11:59

MARKET TALK: PartyGaming, Bwin Merger Makes Sense - D Stewart

1059 GMT [Dow Jones] The proposed merger between PartyGaming (PRTY.LN) and Bwin (BWIN.VI) makes sense, a Daniel Stewart analyst says. The analyst also says consolidation in the sector has been well-forecast. "This has been coming for a long time now." Says the tie-up has earnings growth potential an

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29 Jul 2010 11:57

London midday: PartyGaming jumps on bwin merger

Company results have given traders plenty to ponder and shares are broadly higher, but online betting group PartyGaming is the star performer after announcing a merger with Austrian rival bwin. PartyGaming said the merger would create the world's largest listed online gaming business. Elsewhere i

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29 Jul 2010 11:27

PartyGaming Shares Soar 22% On Proposed Merger With Bwin

By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in PartyGaming PLC (PRTY.LN) soared Thursday after the U.K.-listed gambling group said it plans to merge with Vienna-listed peer bwin Interactive Entertainment AG (BWIN.VI), one of Europe's largest sports book operators.

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29 Jul 2010 11:12

PartyGaming Proposed Merger With Bwin Interactive

LONDON (Dow Jones)--PartyGaming PLC (PRTY.LN) Thursday announces the proposed merger of PartyGaming and bwin Interactive Entertainment AG. MAIN FACTS: -Market leading positions in all key verticals of online poker, sports betting, casino and games (in particular bingo) -Pro forma 2009 ne

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26 Jul 2010 11:59

UK MARKET TALK ROUNDUP: SHARES GAINING

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1059 GMT [Dow Jones] PartyGaming (PRTY.LN) shares are boosted by news last Friday that the financial services committee of

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26 Jul 2010 11:59

MARKET TALK: PartyGaming Rises On US Gambling Bill Scrutiny

1059 GMT [Dow Jones] PartyGaming (PRTY.LN) shares are boosted by news last Friday that the financial services committee of the U.S. House of Representatives will vote Tuesday on a bill to overturn the Unlawful Internet Gambling Enforcement Act, analysts say. Say new legislation could start regulatio

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26 Jul 2010 11:02

MARKET TALK: C Stewart Starts Online Gaming Stocks

1002 GMT [Dow Jones] Collins Stewart initiates coverage of online gaming stocks. Says despite periodic regulatory shocks, online gaming markets have continued to deliver strong growth, increasing their share of the global gaming market. Projects double-digit market growth over the next three years i

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26 Jul 2010 11:02

UK MARKET TALK ROUNDUP: BROKERS COMMENTS

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1002 GMT [Dow Jones] Collins Stewart initiates coverage of online gaming stocks. Says despite periodic regulatory shocks, onl

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7 Jul 2010 06:58

Wednesday tips round-up: PartyGaming, Persimmon, Meggit

Online gamer PartyGaming's protracted merger talks with Bwin, its Austrian rival, are apparently still on ? just. But the biggest game in town is the US, where the authorities, despite their earlier moralistic stance, need the revenues. Any move will probably be on a state-by-state basis, and Part

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6 Jul 2010 17:01

London close: Footsie ends on a high

The FTSE 100 finished just three points shy of its high point for the day as miners, particularly copper miners, drove the market higher. Copper producers Antofagasta and Kazakhmys were the two best performers as the price of copper rose the most in a week on the back of declining stockpiles. Mini

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6 Jul 2010 14:03

London afternoon: Rally continues

London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold

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6 Jul 2010 08:54

London open: Miners race away

Miners and oil groups have sent Footsie racing ahead this morning. BP is again leading the way. It has denied looking to raise new money from sovereign wealth funds, but is just highlighting its strengths to potential investors. Tullow Oil has had a "very good" first half during which production

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6 Jul 2010 08:39

MARKET TALK: PartyGaming Merger Could Transform Earnings

0739 GMT [Dow Jones] PartyGaming's (PRTY.LN) potential consolidation in the sector could "transform" the company's financial performance, Liberum Capital analyst Richard Taylor says. "The company admit that talks over a potential (tie-up) have taken longer than expected, but that they remain in tal

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6 Jul 2010 08:39

UK MARKET TALK ROUNDUP: SHARES GAINING

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0739 GMT [Dow Jones] PartyGaming's (PRTY.LN) potential consolidation in the sector could "transform" the company's financ

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6 Jul 2010 08:24

UPDATE: PartyGaming Shares Up As 2Q Revenue Rises On Year

(Rewrites, adds CEO, analyst's comments, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in PartyGaming PLC (PRTY.LN) rose Tuesday after the U.K.-listed gambling group said it expects a 28% rise in second quarter revenue year on year, boosted by acquisitions

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