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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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28 May 2015 11:44

London midday: Stocks shrug off weak UK data as Greek newsflow continues

Stocks erased losses to push into positive territory by Thursday lunchtime despite some disappointing UK economic data, as investors continued to focus on newsflow from Greece. The FTSE 100 was up 0.18% at 7,045.78 by midday, having bounced off an earlier low of 7,005.88. Markets seemingly shrugged

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28 May 2015 08:40

London open: Markets retreat on Greek uncertainty

Stocks opened in the red on Thursday as investors took profits following a surge the day before, with renewed uncertainty in Greece hitting sentiment. The FTSE 100 was down 0.22% at 7,017.70 early on. Reports of a imminent Greek debt deal hitting the wires spurred buying on Wednesday, sending the i

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28 May 2015 05:13

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27 May 2015 15:55

LONDON MARKET CLOSE: Stocks End Higher On Optimism Over Greek Deal

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27 May 2015 15:08

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27 May 2015 12:34

FTSE 250 movers: Synergy Health plunges on Steris takeover speculation, energy stocks lower

UK stocks rebounded from the previous session's sell-off as gains made by tobacco, electronics and utilities outweighed weakness in mining and industrial metals. As of 14:00, the FTSE 250 was trading points 101.1 points higher at 18,200. Synergy Health topped the fallers, plummeting almost 17% on r

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27 May 2015 11:39

London midday: Imperial and CRH lead the rebound before Queen's Speech

Investors managed to take advantage of a quiet morning to push UK stocks higher on Wednesday following a sell-off the previous day. The FTSE 100 was up 0.57% at 6,988.37 by midday, with blue chips Imperial Tobacco and CRH leading the rise, along with a host of other construction and building materia

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27 May 2015 09:34

BUZZ-Synergy Health: worst day in 6.5 yrs on Steris deal fears

** Health outsourcer Synergy Health dives c.18 pct, its biggest one-day drop since Oct 2008 in heavy volume amid jitters over Steris Corp's proposed takeover of co ** Steris, based near Cleveland, buying out UK's Synergy Health, with combined co to be managed from Ohio - among latest attemp

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27 May 2015 09:20

London open: Stocks edge higher ahead of Queen's Speech, Imperial rises

UK stocks rebounded slightly on Wednesday morning after a sharp sell-off the previous session, with investors awaiting the Queen's Speech on a quiet day in terms of economic and corporate news. The FTSE 100 was up 0.32% at 6,971.03 early on after dropping 1.18% on Tuesday to 6,948.99. Consumer conf

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27 May 2015 08:58

Synergy Health falls on speculation FTC to block tie-up with Steris

Shares in Synergy Health were registering sharp losses on speculation US authorities were about to block its proposed takeover by New York-listed rival Steris. That came ahead of a US Federal Trade Commission hearing scheduled for later in the day. Although the hearing was non-public, a report s

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27 May 2015 05:13

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26 May 2015 15:10

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30 Apr 2015 07:22

LONDON MORNING BRIEFING: Zoopla Moves Into Comparison Websites

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30 Apr 2015 07:03

Synergy Health Says STERIS Takeover May Be Delayed By US Antitrust

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16 Mar 2015 14:11

FTSE 250 movers: Afren lower on debt-for-equity swap, retailers and health stocks higher

Afren's share price was extending Friday's losses when the company proposed a debt-for-equity swap with lenders to keep it afloat. The deal will lead to a substantial dilution of shareholders' interests. More broadly, oil stocks tumbled on declining Brent crude prices, with Premier Oil and Nostrum O

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