WS Atkins posts rise in full-year pre-tax profit, says outlook is positive
11th Jun 2015 07:29
Design, engineering and project management consultancy WS Atkins posted a 14.6% rise in full-year underlying pre-tax profit on Thursday and said the outlook remains positive. Pre-tax profit for the year ended 31 March 2015 came in at £121.9m, which was better than consensus expectations for £119m an
Read moreThursday preview: WS Atkins reports full-year results
10th Jun 2015 16:29
Engineering and project management consultancy WS Atkins on Thursday delivers its full-year results, which are expected to show a slight improvement in revenue. Numis predicts the company will post a 2% increase in organic revenue growth, reflecting a tough comparison, with margins showing modest un
Read moreWS Atkins reshuffles committees members
10th Jun 2015 08:04
Engineering and project management consultancies provider WS Atkins has reshuffled its committees. In a short statement released on Wednesday, the FTSE 250 group said that Catherine Bradley will join the nomination and audit committees, while Allister Langlands will join the remuneration committee.
Read moreWS Atkins expects annual results to be in line with expectations
8th Apr 2015 08:01
Engineering consultancy WS Atkins said trading through the fourth quarter had continued steadily and it expects annual results to be in line with expectations. The FTSE 250 group said it was proposing to adopt the new research and development expenditure credit regime (RDEC), which allows R&D credit
Read morePanmure highlights improving newsflow for construction stocks
17th Feb 2015 08:14
Panmure Gordon has maintained an 'overweight' position on UK construction stocks on the back of an improving outlook, as it highlighted SIG as its top pick in the sector. "Architects billings growth (ONS data), project awards data (Barbour Index) and construction employment vacancies point to a heal
Read moreAtkins keeps full-year outlook unchanged
11th Feb 2015 10:14
Atkins is trading in line with management's expectations and the full-year outlook remains unchanged, the engineering company said on Wednesday. In its third-quarter trading update, the group said it expects the UK business to achieve an improved operating margin through the second half of the year
Read moreAtkins H1 profits down 29% but reports strong performance in Middle East
13th Nov 2014 09:15
British multinational project management company Atkins said its revenues dropped during the first half of the year due to currency headwinds despite strong performance in the Middle East. Revenues were down 9.2% to £831.4m, while profit before tax declined 28.8% to £39m. Earnings per share also de
Read moreAtkins acquires Houston-based oil and gas engineering business
1st Oct 2014 08:22
In a deal worth around £45m, WS Atkins has acquired oil and gas offshore engineering business Houston Offshore Engineering (HOE). HOE has specialist experience in the design of offshore deepwater floating production platforms with a well established project and client base in the international oil a
Read moreFTSE 250 movers: CSR rises after Microchip Tech deadline extended
25th Sep 2014 14:34
Shares in electronics group CSR were given a lift as the UK takeover panel extended the deadline for US suitor Microchip Technology to complete its bid negotiations. The previous deadline of 25 September has now been pushed back to 15 October. Oil and gas group Cairn Energy was higher after announci
Read moreWS Atkins experiences "mixed" first half amid failed bid for Balfour Beatty unit
25th Sep 2014 08:31
Engineer WS Atkins said it has experienced a "mixed" first half of the year compared to a strong prior year, with its failed bid for Balfour Beatty's Parsons Brinckerhoff costing it £4.5m. However, a robust rail performance offset difficulties elsewhere and meant, despite currency headwinds, its ove
Read moreAtkins completes acquisition of engineering services firm NSA
8th Sep 2014 07:11
WS Atkins has completed its acquisition of Nuclear Safety Associates (NSA), taking it a step forward in its goal to become a leading energy consultancy. The FTSE 250-listed group paid an initial consideration of $15m, or around £9m, and will pay a further sum of $12m (£7m), depending on its future p
Read moreThursday broker round-up UPDATE
21st Aug 2014 11:34
Beowulf Mining: Cantor Fitzgerald places its target price under review, while keeping a buy recommendation. Cairn Energy: Investec ups target price from 220p to 245p and reiterates a buy recommendation. Carillion: Oriel reinstates with a target price of 402p and a buy recommendation. Gem Diamonds
Read moreLondon pre-open: Rise of around 40 points expected on FTSE
18th Aug 2014 07:46
London's blue chips are set for a positive start to the week, with the FTSE expected to rise above 6,700 at the opening bell. A gain of around 40 points above Friday's closing level of 6,689.08 is predicted, despite mixed trading in Asia overnight and in the US on Friday evening. Here in the UK,
Read moreWS Atkins to sell Polish business for £2.8m
18th Aug 2014 07:07
Engineering consultancy WS Atkins has announced plans to dispose of its Polish business for £2.8m. The business, which employs 77 people, reported revenue of £5m in the year ended 31 March 2014. Chief executive officer Prof Dr Uwe Krueger, said: "The sale of our Polish business is a further step
Read moreFTSE 250 movers: Laird leads after small beat with H1 results
31st Jul 2014 16:21
First-half results from specialist electronics component maker Laird were slightly ahead of market expectations, pushing the stock into the top spot on Thursday afternoon. The group posted organic year-on-year revenue growth of 10% and improved operating margins. Although revenue from its largest
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