FTSE 250 movers: Debenhams in top spot
10th Jan 2012 15:27
Debenhams raced into pole position after its Christmas trading statement showed a better-than-expected like-for-like (LFL) sales performance in the 18 weeks to January 7th. Shares jumped over 11% after LFL sales (excluding VAT) came in flat, compared with expectations of a decline. Panmure Gordon
Read moreLondon open: Footsie helped higher by miners
10th Jan 2012 08:28
The FTSE 100 had a strong start on Tuesday morning with just two stocks in the red early on. In economic news, UK retail sales values were 2.2% higher on a like-for-like basis in December, helped by an easy comparison when last year was affected by the snow. Total sales rose 4.1%. "On both measures
Read moreCentamin enjoys strong end to the year
10th Jan 2012 08:10
FTSE 250 gold miner Centamin produced 10% more gold in the fourth quarter from its flagship Sukari project in Egypt. Gold production totalled 58,965 ounces, above the 53,189 ounces produced in the same period of 2010 and 16% higher than the 50,539 ounces produced in the third quarter of 2011. Cent
Read moreBwin.party directors buy up shares
3rd Jan 2012 15:55
Bwin.party Digital Entertainment directors Jim Ryan and Geoff Baldwin have snapped up shares in the online gaming firm. The announcement comes on the same day bwin.party launched a number of online poker and casino games in Denmark for Danske Licens Spil (DLS), a wholly-owned subsidiary of the Dan
Read moreFTSE 250 Movers: Supergroup flies into first place
14th Dec 2011 14:44
Shares in clothing firm Supergroup raced ahead on Wednesday morning after group revenue shot up 51% in the 26 weeks to 30 October. Sales rose from £90.3m to £136.1m, but the group reported a small decline in underlying profits. Set-top box maker Pace also bounced after the firm announced a new chie
Read moreCentamin shareholders agree to restructuring
14th Dec 2011 13:52
Shares in Centamin Egypt have fallen despite the majority of shareholders agreeing to a corporate restructure of the gold mining firm and its subsidiaries. A new Jersey incorporated parent company, Centamin plc, will be put in place after the scheme was approved by 99.97% of the total votes cast o
Read morePearson chief sells £0.5m worth of shares
12th Dec 2011 16:36
Marjorie Scardinom, chief executive of Pearson, has made multiple sales of her stake in the firm on the same day it announced plans to sell its 50% stake in FTSE International to the London Stock Exchange. Scardinom, 64, sold 32,960 at 1,147.00p each, 12,040 at 1,140.59p, and 5,000 at 1,147.49p fo
Read moreAviva boss sells shares
8th Dec 2011 16:08
Leslie Van de Walle, a non-executive director at Aviva, has sold £42,659-worth of shares in the insurance giant. Van de Walle, 55, who joined the board in 2009 and is also the director of SIG, sold 12,826 shares at 332.60p each. Last month Aviva announced that it is to raise $400m in capital sec
Read moreFTSE 250 movers: Miners tumble on global fears
21st Nov 2011 13:02
The mining sector suffered some heavy losses on Monday as concerns of the global economy weighed on sector sentiment, and metals prices. Centamin Egypt, Kenmare Resources, Aquarius Platinum, Petropavlovsk and Allied Gold Mining were among the worst performers on the FTSE 250. While the miners bo
Read moreLondon midday: Global concerns spark mass sell-off
21st Nov 2011 12:13
After a steep sell-off early on, the FTSE 100 traded sideways in the morning session and remained firmly below the 5,300 level, registering triple-digit losses, as of midday. Stocks markets across Europe suffered falls of between 2% and 3%, while US futures were also pointing to sharp decline, as ne
Read moreCentamin CEO has died
17th Nov 2011 14:06
The chief executive officer of gold mining firm Centamin Egypt has died suddenly, the firm said. "It is with great sorrow that the board of Centamin Egypt announces the sudden and tragic passing away today of Harry Michael," the company announced. Josef El-Raghy, the Chairman of Centamin, will
Read moreCentamin Egypt shakes up corporate structure
11th Nov 2011 07:49
FTSE 250 gold mining firm Centamin Egypt has announced a major shake-up which will put in place a new parent company called Centamin PLC - incorporated in Jersey (the 'Redomicile') - on the London Stock Exchange. "The Redomicile will not result in any changes in Centamin's management, operations or
Read moreFTSE 250 Movers: Homeserve shares spring a leak
31st Oct 2011 13:44
Homeserve's share price was leading the way lower after Peel Hunt downgraded the emergency repair services firm from hold to sell, after Homeserve announced that it is to suspend its telesales operation after an independent review. Homeserve saw its shares plummet by over a quarter after the audit
Read moreUPDATE: Monday broker round-up
31st Oct 2011 10:17
Homeserve: Citi retains sell, cuts target to 400p from 430p. Virgin Media: Citi stays at buy, lowers target to $32 from $35.7. Homeserve: Credit Suisse downgrades from outperform to neutral, target cut from 570p to 485p. Removes from small and medium cap Focus list. JJB Sports: Panmure Gordon d
Read moreCentamin Egypt sees production rise
31st Oct 2011 09:16
Centamin Egypt, the gold mining company with operations in the Eastern desert of Egypt, has seen production increase 5% between July and the end of September. The production boost was achieved on gold prices reaching 11% higher than the previous quarter (and a whopping 39% higher than the equivalen
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