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FTSE 250 movers: Petra Diamonds boosted by higher production guidance, Man Group stonger on upgrade

Thu, 19th Feb 2015 16:00

Petra Diamonds topped the risers after raising its production guidance from 3.2m to 3.3m carats for the 12 months to 30 June. "Our expansion programmes are on track at all operations, and production is expected to grow to about 3.3m carats in 2015 and to about 5m carats by financial year 2019," said Johan Dippenaar, the group's chief executive.Drinks packaging group Rexam rose after agreeing a £5.4bn takeover by US rival Ball Corporation, a much larger higher valuation than had been expected by the market.Man Group was boosted by an upgrade from analysts at Goldman Sachs to 'conviction-buy', as well as an increased price target of 210p, up from 185p.Oil and energy stocks were weaker, with Premier Oil, Hunting, Soco International and Ophir Energy the four biggest fallers as crude prices dropped.Insurer Catlin was also trading lower after going ex-dividend. RisersPetra Diamonds Ltd.(DI) (PDL) 186.20p +6.34%Rexam (REX) 563.50p +4.93%Diploma (DPLM) 790.00p +4.29%Vesuvius (VSVS) 477.50p +2.98%Entertainment One Limited (ETO) 295.80p +2.89%Home Retail Group (HOME) 206.10p +2.84%Man Group (EMG) 184.60p +2.78%Dignity (DTY) 1,942.00p +2.59%Saga (SAGA) 189.20p +2.49%ICAP (IAP) 514.00p +2.39%FallersPremier Oil (PMO) 173.00p -6.03%Hunting (HTG) 484.00p -5.47%Soco International (SIA) 288.10p -4.57%Ophir Energy (OPHR) 139.90p -4.24%Catlin Group Ltd. (CGL) 678.00p -3.90%Bank of Georgia Holdings (BGEO) 2,160.00p -3.61%Evraz (EVR) 188.00p -3.24%Drax Group (DRX) 404.70p -3.04%RPS Group (RPS) 231.00p -2.90%Wood Group (John) (WG.) 644.50p -2.79%
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25 Nov 2015 18:43

REFILE-Ball offers to sell 11 plants in bid for EU okay for Rexam buy -sources

(Adds Austria as additional location for asset sales) By Foo Yun Chee BRUSSELS, Nov 25 (Reuters) - U.S. drinks can maker Ball Corp is ready to sell 11 plants in Europe in a bid to convince EU antitrust regulators to approve its 4.43 billion pound ($6.69 billion) offer for British pe

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20 Nov 2015 18:01

Ball Corp Still Expects Clearance For Rexam Deal In First Half Of 2016

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19 Nov 2015 11:40

EU regulators extend $6.8 bln Ball, Rexam deal review to Jan. 22

BRUSSELS, Nov 19 (Reuters) - European Union antitrust regulators have extended by a month the deadline for a decision on U.S. drinks can maker Ball Corp's proposed 4.43-billion-pound ($6.76 billion)takeover of British peer Rexam. The European Commission had set a deadline of Dec. 23 after p

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12 Nov 2015 08:17

Rexam on line to meet full year expectations as can volume rises

(ShareCast News) - Can beverage maker Rexam said an increase in can volume in the third quarter had contributed to keep trading in line with expectations in the second half of the year. In the three months to the end of September, global beverage can volumes rose 3% year-on-year, despite a subdued p

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12 Nov 2015 07:56

Rexam Says Trading In Line For 2015 But 2016 Looks Challenging

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5 Nov 2015 16:53

REPEAT: Earnings, Trading Statements Calendar - Week Ahead

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30 Oct 2015 16:03

EU mergers and takeovers (Oct 30)

BRUSSELS, Oct 30 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- BT Pension Scheme and Canada Pension Plan Investment Board to acquire a London property (approved Oct. 29) -- P

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30 Oct 2015 12:08

Companies lose equity and faith on S&P news

* New criteria turns hybrids into expensive senior debt * Reinstating lost equity could be costly * S&P move could re-price hybrid market By Laura Benitez LONDON, Oct 30 (IFR) - Standard & Poor's shock removal of the equity content it had assigned to 29 corporate hybrid bo

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30 Oct 2015 09:59

EU regulators extend $6.8 bln Ball, Rexam deal review to Dec. 23

BRUSSELS, Oct 30 - European Union antitrust regulators will decide by Dec. 23 whether to clear U.S. drinks can maker Ball Corp's 4.43-billion-pound ($6.8 billion) proposed takeover of British peer Rexam, a two-week delay agreed with the companies. The European Commission's previous deadline

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5 Oct 2015 10:15

Brazilian Authorities Raise Competition Concerns Over Ball-Rexam Deal

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1 Oct 2015 09:00

Ball Corp Gets Statement Of Objections On Rexam Acquisition

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17 Sep 2015 15:09

Dividends Calendar - Week Ahead

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27 Aug 2015 05:15

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26 Aug 2015 15:24

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26 Aug 2015 05:17

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