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FTSE 250 movers: Paragon surges on acquisition; DS Smith drops on downgrade

Fri, 02nd Oct 2015 14:39

(ShareCast News) - London's FTSE 250 was down 0.3% to 16,713.91 as markets nudged lower following the release of weaker-than-expected US non-farm payrolls.Paragon Group of Companies put in a stellar performance after announcing the acquisition of Five Arrows Leasing Group through its subsidiary Paragon Bank for £117m. The deal is part of the bank's strategy to provide diversification of funding sources and income streams for the group which started in 2014.In the year to 31 March 2015, Five Arrows Leasing made a pre-tax profit of £10.2m and profit after tax of £8.1m and had assets of £245.1m.Shares in Synergy Health were on the up after it announced that it has reached an agreement on the terms of a recommended combination with Steris Corp. Earlier in the day, Synergy, which is a sterilisation services provider, had said that US antitrust enforcers had decided not to appeal a district court ruling that refused to block the $1.9bn deal.Irish food group Greencore rallied after Peel Hunt lifted the stock to 'add' from 'hold'.Packaging company DS Smith was under pressure after Jefferies downgraded the stock to 'hold' from 'buy' following recent outperformance, as it took a look at the paper and packaging sector.Electrocomponents also slipped after the company said revenue growth slowed in the second quarter amid ongoing weakness in the UK and deteriorating conditions in the US market. Overall revenue growth dropped to 3% from 5% in the first quarter, with revenue stateside down 3% due to weakening US manufacturing output. RisersNostrum Oil & Gas (NOG) 513.00p +10.56%Paragon Group Of Companies (PAG) 433.30p +9.75%Synergy Health (SYR) 2,265.00p +5.84%Ocado Group (OCDO) 334.60p +5.52%Greencore Group (GNC) 292.50p +4.69%Evraz (EVR) 78.00p +3.65%Morgan Advanced Materials (MGAM) 291.10p +3.19%AL Noor Hospitals Group (ANH) 860.50p +3.05%Euromoney Institutional Investor (ERM) 980.50p +2.99%Petra Diamonds Ltd.(DI) (PDL) 84.20p +2.93% FallersOneSavings Bank (OSB) 360.60p -5.48%Telecom Plus (TEP) 1,073.00p -3.68%Smith (DS) (SMDS) 369.60p -3.50%CLS Holdings (CLI) 1,847.00p -3.40%Card Factory (CARD) 382.50p -3.38%Electrocomponents (ECM) 174.80p -2.83%Crest Nicholson Holdings (CRST) 557.00p -2.79%Allied Minds (ALM) 360.00p -2.47%Circassia Pharmaceuticals (CIR) 292.00p -2.34%Greggs (GRG) 1,057.00p -2.22%
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30 Oct 2015 10:55

Synergy Health Says STERIS Deal Will Enhance Prospects In Last Results

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23 Oct 2015 15:14

Earnings, Trading Statements Calendar - Week Ahead

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13 Oct 2015 15:23

Dividends Calendar - Week Ahead

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7 Oct 2015 16:25

U.S. formally ends fight with Steris over Synergy merger

By Diane Bartz WASHINGTON, Oct 7 (Reuters) - U.S. antitrust enforcers on Wednesday formally dropped opposition to U.S. medical technology firm Steris Corp's plan to merge with British sterilization services provider Synergy Health Plc. The Federal Trade Commission issued a brief order

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2 Oct 2015 07:47

BUZZ-Synergy Health: Gets U.S. antitrust go-ahead for Steris deal

** Sterlization services provider Synergy Health's shares up 6 pct after U.S. antitrust enforcers give up on co's proposed merger with Steris ** The FTC says it will not appeal a district court ruling that refused to block the $1.9 billion deal ** Steris and Synergy shareholders will

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1 Oct 2015 20:16

UPDATE 1-U.S. says it will not fight Steris loss in district court

(Adds share price, background on court fight, quote from agency) WASHINGTON, Oct 1 (Reuters) - U.S. antitrust enforcers will not appeal a court ruling that said U.S. medical technology provider Steris Corp could proceed with a merger with British sterilization services provider Synergy Heal

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1 Oct 2015 19:40

U.S. says it will not fight Steris loss in district court

WASHINGTON, Oct 1 (Reuters) - U.S. antitrust enforcers will not appeal a court ruling which said U.S. medical technology provider Steris Corp could proceed with a merger with British sterilization services provider Synergy Health Plc , a Federal Trade Commission spokesman said on Thursday.

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1 Oct 2015 15:14

Dividends Calendar - Week Ahead

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25 Sep 2015 16:18

FTSE 250 movers: Healthy rise for Synergy Health, Aggreko powers down

(ShareCast News) - The FTSE 250 was up 287.23 points or 1.74% to 16,801.76, rising sharply on Friday morning on the back of Janet Yellen's comments overnight. Synergy Health shares skyrocketed on the news that a federal court in Ohio has ruled against the Federal Trade Commission's request for a pre

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25 Sep 2015 16:09

LONDON MARKET CLOSE: Stocks Rally As Yellen Comments Soothe Market

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25 Sep 2015 15:00

AGM, EGM Calendar - Week Ahead

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25 Sep 2015 11:07

LONDON MARKET MIDDAY: Broad Gains In UK, Europe As Auto Stocks Rebound

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25 Sep 2015 09:35

WINNERS & LOSERS SUMMARY: ARM Shares Boosted By Record iPhone Sales

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25 Sep 2015 07:35

LONDON MARKET OPEN: Synergy Health Leaps As US Court Clears Takeover

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