Braemar Shipping exits loss-making Casbarian division
20th Mar 2014 12:29
Shipping, marine and energy services provider Braemar Shipping has chosen to exit its US-based technical services subsidiary, Casbarian, after revealing earlier in the year that the unit had experienced slower-than-expected contract awards. The sale, to the management of Casbarian, followed a revi
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreBraemar Shipping Services expects annual profits to miss forecasts
17th Jan 2014 09:36
Braemar Shipping Services, which provides shipping, marine and energy services, said it anticipates annual profits will be "modestly below expectations". The company's results have been dragged down by the Braemar Technical Services division as slower-than-expected contract awards at Braemar Casba
Read moreTuesday broker round-up UPDATE
13th Aug 2013 07:45
Aviva: Nomura increases target price from 414p to 474p reiterating its buy recommendation. BBA Aviation: Jefferies raises target price from 290p to 345p and keeps a buy recommendation. Braemar Shipping Services: Westhouse Securities takes target price from 450p to 515p and retains a buy recommenda
Read moreBraemar Shipping positive amid choppy waters
30th Oct 2012 11:17
Braemar Shipping saw revenues jump in the first half but warned a significant recovery in shipping markets was unlikely in the immediate future. Revenue from continuing operations up by 29% to £79.4m, with the company reporting all its divisions had made a strong contribution and performed well. I
Read moreBraemar maintains dividend
8th May 2012 07:35
Braemar Shipping Services said it had been a challenging year, with significant surplus of tonnage in many sectors, as it reported an increase in revenue and maintained its dividend. Revenue for the year ended 29 February 2012 rose to £133.5m, in line with market forecasts, and compared to £126.1m
Read moreSector movers: GKN drags auto stocks lower
2nd Mar 2012 16:05
The automobiles and parts sector was the worst performing sector of the day on Friday, despite only one constituent being in the red. Automotive and aerospace engineer GKN, the FTSE 100 stock with a market capitalisation of well over £3bn, was falling 1.7% before the close of trade, a big enough f
Read moreHydrodec non-exec buys one million shares
17th Feb 2012 15:59
A non-executive director of Hydrodec, the "clean" oil re-refining group, has purchased one million shares in the AIM-listed firm. Andrew Black bought the shares at 14.38p for a total of £143,700, taking his total number of shares to over 57m. The purchase came just one day after the firm announc
Read moreLondon midday: Stocks stuck lower but Lloyds bucks trend
12th Sep 2011 12:03
The top share index is stuck firmly in negative territory as worries over the Eurozone crisis and possible effects on global growth continue. The UK has its own concerns though after the government-appointed Independent Commission on Banking has said British banks should separate their retail bank
Read moreShipbroking downturn hits Braemar
12th Sep 2011 07:30
Sales at shipping services group Braemar's shipbroking arm in the half year to 31 August were lower than anticipated due to subdued freight rates, the company has announced. It added that the reduction has been partly offset by an improvement in its technical and logistics divisions, which have per
Read moreTrading at Braemar Shipping mixed
22nd Jun 2011 13:28
Braemar Shipping said that two of its divisions, Logistics and Environmental, have started slowly in the first quarter, but trading in its Shipbroking segment remains mixed. The group provides broking, consultancy and technical services to the shipping, marine and energy industries, and operates th
Read more3i director buys ahead of share price jump
12th May 2011 17:16
Willem Mesdag, a director at the private equity group 3i, invested more than £280,000 in the company following well-received full-year results and benefited from a strong rise in the share price. He took 100,000 shares at 281p a time. The shares closed just shy of 290p, meaning that Mesdag has made
Read moreBraemar profit flat but raises dividend
9th May 2011 11:49
Braemar Shipping has announced what it called "robust profits" for the year to the end of February after a turbulent 12 months for its shipping and oil and gas services. The broking and marine services group said it made a pre-tax profit before amortisation of £14.8m, down from £15.0m a year before
Read moreSmall caps round-up: Flybe, Alliance Pharma, Roxi Petroleum...
12th Jan 2011 10:53
Last month's snow has cost no-frills regional airline Flybe about £6m in lost revenue on cancelled flights and cost for delays, diversions and additional de-icing. The company, which floated in London in December, said almost 2,000 flights were cancelled - 16% of the planned flying programme - alth
Read moreWednesday tips round-up: Arm, Pearson, Braemar Shipping...
27th Oct 2010 06:43
When your shares are trading on more than 45 times' this year's earnings, a degree of investor nervousness is inevitable. So yesterday's plunge in ARM Holdings was more a case of the market trying to find reasons to sell and take some profits. ARM investors have had to live with sky-high valuations
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