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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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29 May 2015 11:08

LONDON MIDDAY BRIEFING: TeleCity's Deal Agreed But Synergy's Stalls

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29 May 2015 10:44

UPDATE: Synergy And STERIS To Contest US FTC Attempt To Block Takeover

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29 May 2015 10:32

TOP NEWS: Eurozone Private Sector Lending Flat Despite ECB Efforts

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29 May 2015 10:11

WINNERS & LOSERS: AB Foods Leads FTSE 100 On Goldman Sachs' Upgrade

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29 May 2015 09:40

LONDON MARKET COMMENT: Stocks Fall On Eurozone Credit Data And Greece

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29 May 2015 09:23

UPDATE 2-Synergy Health, Steris to contest US FTC decision to block deal

(Adds background, updates shares) May 29 (Reuters) - Sterilisation services provider Synergy Health Plc and U.S. medical tech company Steris Corp said they would contest the U.S. Federal Trade Commission's attempt to block Steris's acquisition of the British company. The companies sa

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29 May 2015 08:07

Synergy Healthcare to contest FTC decision over Steris deal

As has been feared, Synergy Health's takeover by US rival Steris Corp has been blocked by US competition regulators, but the two companies announced on Friday that they will contest the ruling and some analysts remained surprised by the regulator's stance. On 27 May, the FTC said it intended to oppo

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29 May 2015 07:38

BUZZ-Synergy, Steris: to contest US FTC decision to block deal

** Health outsourcer Synergy Health, which is in the process of being acquired by US medical tech company Steris , down c.1 pct, adding to 16 pct drop over past 3 days & 2nd-top FTSE 250 loser in robust volume ** Synergy says the two cos will contest the US Federal Trade Commission's attemp

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29 May 2015 07:28

LONDON MORNING BRIEFING: AB Foods Lifted To Buy From Sell By Goldman

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29 May 2015 06:44

Synergy Health, Steris to contest US FTC decision to block deal

May 29 (Reuters) - British sterilisation services provider Synergy Health Plc, which is in the process of being acquired by U.S. medical tech company Steris Corp, said the two companies would contest the U.S. Federal Trade Commission's attempt to block the proposed deal. "We are very disapp

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29 May 2015 06:32

LONDON MARKET COMMENT: Greek Concerns Continue But Stocks Seen Firm

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29 May 2015 06:21

Synergy And STERIS To Contest US FTC's Attempt To Block Takeover

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29 May 2015 05:17

Earnings, Trading Statements Calendar - Week Ahead

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28 May 2015 16:27

Earnings, Trading Statements Calendar - Week Ahead

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28 May 2015 13:10

FTSE 250 movers: Paypoint surges on strong profits, Synergy Health hit by waning takeover speculation

UK stocks were subdued on Thursday, following weak economic data and continued investor uncertainty on Greek developments. Sector-wise, strong performances from technology and retail was outweighed by weakness in telecommunications and mining. As of 15:00 BST, the FTSE 250 was trading 0.012% lower a

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