Construction division slightly ahead at Henry Boot
24th Aug 2012 07:53
The lack of land sales resulted in a dip in half-year revenue and profits at property developer Henry Boot, but the group said it is picking up lots of good sites on the cheap. Profit before tax in the six months to the end of June fell to £5.8m from £9.1m the year before. The group enjoyed a £1.78
Read moreMonday broker round-up - UPDATE
14th May 2012 07:48
Antofagasta: AlphaValue downgrades from add to sell, target cut from 1,201.3p to 915p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Chariot Oil & Gas: Jefferies keeps buy rating and 355p target; Merchant Securities keeps buy recommendation and 232.1p target. Dignity: In
Read moreHenry Boot boosts divi as profits fade
28th Mar 2012 07:47
Property developer Henry Boot lifted its dividend payment despite reporting a decline in annual pre-tax profit as challenging conditions continue in the UK property and construction markets. The Sheffield-based firm said pre-tax profit fell to £16.1m in the year for the year ended 31 December 2011
Read moreHenry Boot pre-tax profit to be ahead of market consensus
26th Jan 2012 13:27
Property developer Henry Boot anticpates that group profit before tax will be 'comfortably ahead' of consensus market expectations. Revenues for the year ended December 31st are expected to be around £113m. The property valuation is anticipated to be slightly below that of the June 2011 valuatio
Read moreBarclays director keeps the faith
21st Dec 2011 16:29
Sir Michael Rake, the Senior Independent Director of Barclays, has upped his stake in the firm less than a week after the global bank was downgraded by Fitch Ratings. Rake, who is currently also Chairman of telecommunications firm BT Group and Chairman of Easyjet, bought up 5,914 ordinary shares a
Read moreMorning broker round-up -UPDATE
11th Nov 2011 08:52
Experian: Nomura raises target price to 910p from 867p before. Schroders: Deutsche Bank upgrades to hold from sell. Schroders: Credit Suisse cuts target to 1,390p from 1,450p. Fenner: Credit Suisse raised target to 415p from 395p. Dart Group: Peel Hunt initiates coverage at buy. Next Fifteen
Read moreUPDATE: Wednesday broker round-up
5th Oct 2011 09:12
Sainsbury: H2O Markets downgrades to hold. Tesco: Baadar Bank confirms buy rating and 500p target. Kingfisher: Investec keeps hold and 245p target. Wood Group: Investec places target under review, hold recommendation maintained. SuperGroup: Peel Hunt downgrades from buy to hold, target put unde
Read morePrudential executive reduces stake
25th Aug 2011 13:58
Prudential director Barry Stowe has cut his stake in the company selling 95,000 of his shares. Stowe, who now holds 1,100,796 shares in the firm, made the sale on 23 August for a total price of £563,046 at 592.68p per share. The 52-year-old, who has been in his role since November 2006 after mor
Read moreHenry Boot doubles profit in challenging markets
24th Aug 2011 08:10
Property developer Henry Boot said trading profit almost doubled in the six months ended 30 June 2011 as it remains on course for the full year. The Sheffield based property developer and plant hire firm said the property market "continues to be challenging" however development projects are "becomi
Read moreHenry Boot back in black
23rd Mar 2011 16:42
Property developer Henry Boot returned to the black in 2010 as it recorded a small surplus on the revaluation of its property portfolio, clawing back some of the huge write downs it suffered in 2009. Profit before tax in 2010 was £18.9m, compared to a loss of £11.9m the year before, when the compan
Read moreSmall caps round-up: Henry Boot, Firestone Diamonds, Amino Tech...
7th Feb 2011 11:52
Property developer Henry Boot says it will move to a net cash position after it agreed the sale of a shopping centre in Ayr for £33.8m and the sale of land with planning permission to build houses in Buckingham for an undisclosed fee. Henry Boot said last month that one of its goals is to 'manage d
Read moreSmall caps round-up: Headlam, Henry Boot, IQE...
20th Jan 2011 14:07
Floor coverings distributor Headlam expects 2010 earnings to be marginally ahead of market expectations, after group revenue improved by 0.4% on the previous year. In the UK, like for like (LFL) revenues rose by 0.4% from a year earlier but the continental European businesses saw a 0.7% decline in
Read moreHenry Boot remains profitable
12th Nov 2010 14:12
Property developer Henry Boot continues to trade profitably having returned to profit earlier this year, although it appears that the recovery in the property market has slowed. Trading is in line with expectations but new build housing construction is one-half of the annual average for the past
Read moreSmall caps round-up: Norseman Gold, Cohort, Kea...
27th Oct 2010 12:29
Australian miner Norseman Gold suffered a drop in production during the first quarter to 12,229 ounces from 14,469 ounces in the three months to June following a fatality at the OK Decline in August. The accident caused a three week shutdown at the mine and meant output was well below target but i
Read moreHenry Boot sees improving trends
14th May 2010 11:19
Land developer Henry Boot said it has seen a continuation of improved trading conditions into 2010, but added that the recovery is modest and patchy. Cash generation and tight control of costs are the key concerns, the company said, adding that debts have been reduced by about £10m since the end of
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