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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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20 Jul 2015 18:54

Ball falls as Rexam takeover probed by EU competition regulator

(ShareCast News) - European competition regulators on Monday opened an investigation into Rexam's agreed £5.4bn takeover by US rival Ball Corporation. The European Commission will probe the deal over concerns that it may stifle competition in the continent's beverage can and aluminium bottle manufac

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20 Jul 2015 17:19

UPDATE 1-EU regulators to probe U.S. drinks can maker Ball's bid for Rexam

(Adds details of probe) By Foo Yun Chee and Julia Fioretti BRUSSELS, July 20 (Reuters) - European Union antitrust regulators have opened an in-depth investigation into whether U.S. drinks can maker Ball Corp's 4.4 billion pound ($7 billion) offer for Britain's Rexam Plc will lead to h

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20 Jul 2015 16:55

EU regulators to probe U.S. drinks can maker Ball's bid for Rexam

BRUSSELS, July 20 (Reuters) - European Union antitrust regulators opened an in-depth investigation on Monday into U.S. drinks can maker Ball Corp's 4.4-billion-pound ($6.85 billion) offer for U.K. peer Rexam Plc, concerned about the anti-competitive effects. "The Commission has concerns tha

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15 Jul 2015 15:36

Rexam finance director Robbie to take leave of absence due to illness

(ShareCast News) - Rexam's finance director David Robbie has been granted a leave of absence to undergo medical treatment and chemotherapy, having been recently diagnosed with a serious condition. Kath Kearny-Croft, director of group planning and finance, has been asked to take the role of acting fi

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15 Jul 2015 11:11

Rexam Finance Director Robbie Takes Leave Of Absence Due To Illness

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17 Jun 2015 10:30

UPDATE 1-EU regulators to decide by July 20 on Ball's $6.9 bln Rexam bid

(Adds background, timing of deal) BRUSSELS, June 16 (Reuters) - European Union market competition regulators are set to decide by July 20 whether to approve the 4.4 billion-pound ($6.9 billion) merger deal between Ball Corp and Rexam Plc, the world's two largest makers of drinks cans. Read more

16 Jun 2015 18:20

EU mergers and takeovers (June 16)

BRUSSELS, June 16 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- PRS for Music Ltd (PRSfM), Foreningen Svenska Tonsattares Internationella Mysikbyra (Stim) and Gesellschaft für mus

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16 Jun 2015 16:10

EU regulators to decide by July 20 on Ball's $6.9 bln Rexam bid

BRUSSELS, June 16 (Reuters) - European Union market competition regulators are set to decide by July 20 whether to approve the 4.4 billion-pound ($6.9 billion) merger deal between Ball Corp and Rexam Plc, the world's two largest makers of drinks cans. The companies sought approval for the d

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27 May 2015 05:13

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