Stock Market News
FTSE 250 movers: Bumi falls on rift rumours
27-09-2012 15:54
| Add To Google +1 | Tweet |
Shares in mining giant Bumi dropped even further on Thursday on the back of reports that the Bakrie family has come to blows with Samin Tan, the business tycoon who nine months ago rescued the Bakrie Group when he invested one billion dollars in Bumi in return for a 47.6 per cent stake split evenly between Tan and Bakrie.
Since Tan made the investment, shares have fallen 80%, causing Tan to be "furious" with the Bakries, who are one of Indonesia's wealthiest and politically connected families.
The battle puts at risk the $3.0bn deal that was signed in 2010 with the aim of making Bumi one of the world's largest coal exporters.
Meanwhile, package tour operator TUI Travel rose after it said it remains on track to meet its full year expectations, following strong trading in the summer high season, with improved margins and load factors versus the prior year.
FTSE 250 - Risers
NMC Health (NMC) 190.00p +5.50%
Dairy Crest Group (DCG) 345.90p +3.91%
QinetiQ Group (QQ.) 186.50p +2.98%
Imagination Technologies Group (IMG) 482.40p +2.64%
Talvivaara Mining Company (TALV) 151.50p +2.57%
F&C Asset Management (FCAM) 97.20p +2.32%
International Personal Finance (IPF) 302.30p +2.30%
JPMorgan Indian Inv Trust (JII) 362.00p +2.17%
Filtrona PLC (FLTR) 510.00p +1.90%
Fidelity China Special Situations (FCSS) 71.60p +1.85%
FTSE 250 - Fallers
Bumi (BUMI) 147.90p -5.19%
Supergroup (SGP) 609.00p -3.33%
Ladbrokes (LAD) 174.60p -2.68%
Hays (HAS) 78.25p -2.55%
Rank Group (RNK) 147.00p -2.46%
Spectris (SXS) 1,687.00p -2.43%
Ruspetro (RPO) 105.00p -2.42%
Perform Group (PER) 385.10p -2.26%
Regus (RGU) 100.50p -2.24%
JD Sports Fashion (JD.) 715.00p -2.05%
NR
Since Tan made the investment, shares have fallen 80%, causing Tan to be "furious" with the Bakries, who are one of Indonesia's wealthiest and politically connected families.
The battle puts at risk the $3.0bn deal that was signed in 2010 with the aim of making Bumi one of the world's largest coal exporters.
Meanwhile, package tour operator TUI Travel rose after it said it remains on track to meet its full year expectations, following strong trading in the summer high season, with improved margins and load factors versus the prior year.
FTSE 250 - Risers
NMC Health (NMC) 190.00p +5.50%
Dairy Crest Group (DCG) 345.90p +3.91%
QinetiQ Group (QQ.) 186.50p +2.98%
Imagination Technologies Group (IMG) 482.40p +2.64%
Talvivaara Mining Company (TALV) 151.50p +2.57%
F&C Asset Management (FCAM) 97.20p +2.32%
International Personal Finance (IPF) 302.30p +2.30%
JPMorgan Indian Inv Trust (JII) 362.00p +2.17%
Filtrona PLC (FLTR) 510.00p +1.90%
Fidelity China Special Situations (FCSS) 71.60p +1.85%
FTSE 250 - Fallers
Bumi (BUMI) 147.90p -5.19%
Supergroup (SGP) 609.00p -3.33%
Ladbrokes (LAD) 174.60p -2.68%
Hays (HAS) 78.25p -2.55%
Rank Group (RNK) 147.00p -2.46%
Spectris (SXS) 1,687.00p -2.43%
Ruspetro (RPO) 105.00p -2.42%
Perform Group (PER) 385.10p -2.26%
Regus (RGU) 100.50p -2.24%
JD Sports Fashion (JD.) 715.00p -2.05%
NR
| Related share prices |
|---|
| TUI Travel (TT.) share price |
| Bumi (BUMI) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

