3i 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
Read moreShipbroking boosts Braemar
26th Oct 2010 16:31
A strong shipbroking performance at Braemar Shipping Services was offset by profit declines in the rest of the business. Revenues grew from £57.1m to £67.6m in the six months to August 2010 with all divisions showing some growth but the majority coming from shipbroking. Pre-amortisation profit ros
Read moreAsia to buoy Braemar Shipping
26th Oct 2010 07:51
First-half pretax profit increased 3% at Braemar Shipping Services buoyed by demand at its shipbroking business. The London based company said growth in Asia was expected to fuel future demand for shipping. Braemar said it has an Asia expansion plan including more than 100 staff in a new Singapore
Read moreBraemar Shipping 1Q Results In Line, Sees Satisfactory FY
23rd Jun 2010 12:06
LONDON (Dow Jones)--Braemar Shipping Services PLC (BMS.LN), said Wednesday that the results for the first quarter are in line with the company's expectations and ahead of the same period last year, and said it remains confident of a satisfactory outcome for the year as a whole. MAIN FACTS: -
Read moreBraemar profits fall but sees improvement
10th May 2010 14:00
Pre-tax profits fell sharply at Braemar Shipping in the year to February 28 after the boom times of 2007 and much of 2008 came crashing to a halt with the onset of the global economic crisis. The provider of broking, consultancy, technical and other services to the shipping and energy industries, s
Read moreBroker tips: Michael Page, Amec, Wood Group...
5th Mar 2010 12:50
Michael Page fell back Friday following a mixed response to an 85% slump in profits at the recruiter last year. KBC Peel Hunt says adjusted profit before tax of £21.1m, down from £140m in 2008, was slightly ahead of expectations. "The balance sheet remains robust and the company maintains an exc
Read moreBroker snap: Results ahoy for shipping issues
5th Mar 2010 12:00
Last year was a difficult one for the shipping sector, hit by the recession, low freight rates and overcapacity, but Charles Stanley sees more optimism in 2010. Volatility looks set to continue, it says, with Chinese demand and infrastructure spending likely to determine the outcome for the dry bul
Read moreLondon close: Footsie follows US lower
15th Jan 2010 16:39
Footsie finished the week on a low as a poor performance in the US dragged the leading share index down in afternoon trading. US shares fell after consumer confidence rose less than expected in January. Here, Man Group was the heaviest faller after the hedge fund manager suffered a 4% drop in fund
Read moreLondon afternoon: Flat Footsie
15th Jan 2010 14:27
The blue-chip index is treading water, though there has been some keen interest in the day's big results announcements. Man Group is sharply lower after the hedge fund manager suffered a 4% drop in funds under management during the third quarter, mainly due to the $1.2bn pulled out of its flagship
Read moreChinese demand for materials boosts Braemar
15th Jan 2010 13:50
An upturn in world trade in the last six months has been driving improved shipping activity at Braemar, the provider of broking, consultancy, technical and other services to the shipping, marine and energy industries. In an upbeat trading update, the company said it has benefited from a dry bulk m
Read moreShell non-exec takes first stake
9th Nov 2009 15:59
Hans Wijers, a non-executive director at the Anglo-Dutch oil giant Shell, has spent just less than £90,000 on a stake in the firm. He took 5,000 shares at €19.96 (1,789.81p), which represents his sole holding in the group. Shares in Shell have rallied strongly since earlier in the year, when they
Read moreBraemar Shipping H1 profit drops 28%
27th Oct 2009 08:33
Shipping and marine services firm Braemar Shipping said first half pre-tax profit fell 28% as shipping rates fell and global trade slowed. Pre-tax profit from continuing operations fell to £7m for the six months to 31 August from £9.8m the same time a year before. Revenue from continuing operation
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