Wednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read moreVP exec raises stake after first-half results
16th Dec 2013 16:21
Neil Stothard, the Managing Director of equipment rental firm VP, made nearly half a million pounds through the partial sale of shares awarded under the group's long-term incentive plan (LTIP), taking advantage of a strong surge in the stock over the last year. Stothard, who has been on the board s
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreSector movers: Weir lifts industrial engineers higher after BofA note
8th Apr 2013 15:02
The London-listed industrial engineering sector was the best performing sector of the day on Monday with Weir Group performing well after some upbeat comments from Bank of America (BofA). Weir, a global engineering firm with nearly 200 manufacturing and service facilities around the world, was up 4
Read moreAvingtrans posts jump in half-year earnings
27th Feb 2013 10:16
Avingtrans, which designs components for the aerospace, energy and medical sectors, saw profits rise in the last half of 2012 as the company made strategic acquisitions and shaved weak assets. Profit after tax climbed to £6.5m for the six months to the end of November, compared to £0.7m in the fir
Read moreDS Smith exec raises one million quid to pay taxes
20th Dec 2012 16:25
Stephen Dryden, the Finance Director of recycled packaging supplier DS Smith, exercised options in the company on Wednesday and subsequently sold half of them for nearly one million pounds. The executive, appointed to the board in April 2008, exercised nil-cost options for 878,903 shares, then sold
Read moreAvingtrans' 2013 profitability to be hit by sale of Jena Tec
11th Dec 2012 10:20
Profitability at Avingtrans will be impacted by the loss of margin resulting from the sale of subsidiary Jena Tec, the company announced in a trading update published on Tuesday morning. Avingtrans - which manufactures critical components for the global aerospace industry - said that, in the short-
Read moreSector movers: Weir and Avintrans lift engineers higher
5th Nov 2012 15:34
Industrial engineering stocks were performing well on Monday with a well-received update from sector heavyweight Weir lifting sentiment. Weir reassured that it is on set to deliver double-digit profit growth this year despite weak order inputs and a slowdown in growth in the third quarter. While
Read moreAvingtrans revenue up by 21 per cent
12th Sep 2012 12:22
Avingtrans, which designs, manufactures and supplies critical components and associated services to the global aerospace, energy, medical and industrial sectors, has boosted its full year turnover by a fifth. Revenue increased 21% to a record £44.0m (2011: £36.3m), although the gross profit margin
Read moreSmall caps round-up: Ultrasis, HaloSource, Imagelinx...
11th Jul 2012 10:57
Ultrasis, a provider of cognitive behavioral therapy for stress and mild to moderate depression, has entered into a research partnership with the Mental Health Services Department of West China Hospital to examine the benefits of using 'Beating the Blues' to alleviate mild and moderate depression an
Read moreAvingtrans expects sales to grow by a fifth
11th Jul 2012 09:49
Avingtrans, a manufacturer of critical components and associated services to the medical, energy, industrial and global aerospace sectors, has reported that group sales for the year ended May 31st are expected to be 20 per cent ahead of the previous year, in line with market expectations, following
Read moreRolls-Royce America boss pockets £850,000
19th Oct 2011 14:35
James Guyette, president and chief executive of Rolls-Royce's North American operations, has pocketed about £850,000 from the sale of a chink of his holding in the aeroplane engine maker. He sold 122,560 shares at 696p a time, but still has 274,796. The sale of the shares comes in the midst of a s
Read moreLondon midday: FTSE 100 buoyant as Next rallies retailers
14th Sep 2011 12:12
The volatility continues with the top share index in the blue now after a weak start. In what it confessed has been a difficult year so far, clothing retailer Next saw half-year sales rise 3% to £1,565m from the year before, while profit before tax jumped 8.5% to £228m. Excluding its Ventura arm, N
Read moreLondon open: FTSE 100 bounces back after early jitters
14th Sep 2011 09:00
The volatility continues with the top share index in the blue now after a weak start. In what it confessed has been a difficult year so far, clothing retailer Next saw half-year sales rise 3% to £1,565m from the year before, while profit before tax jumped 8.5% to £228m. Excluding its Ventura arm, N
Read moreAvingtrans reinstalls dividend
14th Sep 2011 07:47
Avingtrans, designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, posted a 32% increase in full year earnings and reintroduced a dividend payment. EBITDA increased 32% to £3.3m for the year ended 31 May 20
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