Avon Rubber raises profits guidance
10th Oct 2011 07:33
A strong end to the year by both divisions of high-tech rubber products provider means full-year profit before tax should be towards the upper end of current market expectations. Prior to the upgrade to profits guidance, market consensus was for a profit before tax for the year to July 31st of £10.
Read moreLondon pre-open: Recapitalisation pledge boosts equities
10th Oct 2011 07:26
The leaders of France and Germany have announced that they are ready to recapitalise Europe's troubled banks and have reached agreement on a "long-lasting, complete package" to counter the bloc's debt crisis. The news is set to be welcomed by the UK stock market, though not, perhaps, as enthusiast
Read moreAvon Rubber buoyed by defence orders
18th Aug 2011 07:56
Wiltshire based rubber products provider Avon Rubber said robust trading has continued, putting the company on track for an improved full year performance. The maker of respirators and filters used by military in the UK and US said strong demand for its defence-related products has continued. Last
Read moreTuesday tips round-up: Morgan Sindall, Centrica, Imperial Tobacco
9th Aug 2011 06:48
Cautious optimism is about the best one can expect from a business such as Morgan Sindall, so heavily exposed is it to a range of activities in construction. The shares have been trending down since the start of the year and sell on less than eight times' earnings and have the support of a yield app
Read moreAvon wins US defence contract
8th Aug 2011 13:42
High-tech rubber products provider Avon has won a three-year contract with the US Department of Defense, worth a maximum of around $38m. The contract, which has an initial order value of $11m and is to be carried out on an indefinite delivery indefinite quantity basis, will see Avon continue to su
Read moreSaudi businesswoman opens WPP account
7th Jun 2011 16:08
Non-executive director Lubna Olayan has opened her account in the advertising and marketing giant WPP. The Saudi businesswoman took 10,000 shares 738.5p a pop, paying a total of £73,850. Olayan, the daughter of entrepreneur Sulaiman Olayan, has been with WPP since 2005. In an update last week,
Read moreMargins and profits improve at Avon Rubber
4th May 2011 13:31
High tech rubber products provider Avon Rubber saw margins and profits improve at the interim stage, even as revenues declined as a result of US defence spending delays. The group's revenues fell 15% to £48m in the six months to 31 March from £56.5m the year before, but earnings before interest,
Read moreSmall caps round-up: Avon Rubber, International Ferro Metals, Mobile Streams...
25th Jan 2011 12:16
Engineering group Avon Rubber said the first quarter of 2011 is showing a better financial performance than last year and the company remains on track to deliver growth and improved results for the financial year. Avon notes that all of its US government-related businesses have experienced some de
Read moreAvon Rubber back on dividend list
24th Nov 2010 08:13
Avon Rubber returned to the dividend payment list as profits bounced sharply last year. Revenues in the year to September rose 17% to £117.6m from £100.9m with an operating profit of £9.3m aginst £5.5m. Pre-tax profits jumped to £7.1m from £1.9m. Protection & Defence is winning new customers at an
Read moreAvon Rubber to outperform expectations
11th Oct 2010 12:34
Avon Rubber's shares rosefollowing an end of year update that revealed stronger than expected performance. The engineering group's dairy operations experienced market momentum and cost reductions, and together with a good performance from its new 'Milk-Rite' product, the business has improved on f
Read moreSmall caps: Avingtrans, Hydrogen, Murgitroyd...
6th Sep 2010 14:35
Component designer Avingtrans has been chosen by Siemens MR Magnet Technology to manufacture precision machined formers for Siemens' next generation Magnetic Resonance Imaging systems. Once the product is in full production in 2012, the annualised value of this new product to Metalcraft will be ap
Read moreLand Secs FD increases stake
27th Jul 2010 17:08
Land Securities finance director Martin Greenslade has been adding to his shareholding. He bought 11,000 shares at 612.4p each. This £67,000 investment took his stake to 470,029 shares. Chief executive Francis Salway and London Portfolio MD Robert Noel have also been buying in recent weeks. Gr
Read moreGeoPark non-exec invests £5.5m
16th Jul 2010 16:41
Non-executive director Juan Pavez has invested £5.5m in GeoPark shares. Pavez bought 963,000 shares at 570p each. That takes his shareholding in the Latin America-focused oil and gas explorer to 2.03m shares, or 4.87% of the company. Pavez is a former analyst and investment manager. Since 2001 he
Read moreSunday tips round-up: Travis Perkins, Avon Rubber, AgBank
4th Jul 2010 12:46
Builders' merchant Travis Perkins, owner of Wickes, gave some much-needed cheer to the stock market on Friday when it said it had performed ahead of expectations in the first half, with like-for-like sales up 3.4pc. However, the Telegraph's Questor does have concerns about general trade demand for
Read moreSmall caps round-up: Entertainment One, Avon Rubber, African Eagle ...
21st Jan 2010 13:01
Entertainment One, trading down at 13.5p last March, hit 65p today after predicting better than expected full-year results following a strong third quarter. The firm behind the Twilight vampire films said the film business has made excellent progress, with 97 films released so far this financial ye
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