Revenue grows 2.9 per cent at Bodycote
16th Nov 2012 07:44
Bodycote, the world's largest thermal processing services provider, has reported revenue growth of 2.9 per cent in the four months to the end of October compared to the same period the previous year. At constant currency rates (CER), this rose to 7.6%. Sales in the Aerospace, Defence and Energy
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreFTSE 250 movers: N Brown jumps after first-half beat
16th Oct 2012 15:12
Internet and catalogue home shopping firm N Brown topped the risers list on Tuesday afternoon, gaining 13 per cent after beating forecasts in the first half. The company reported that revenue in the 26 weeks to September 1st came in at £379.3m, up 4.3% on the year and ahead of the consensus estimat
Read moreBodycote makes 68m-dollar acquisition
16th Oct 2012 07:37
Bodycote, the world's largest thermal processing services provider, has bought US-based Carolina Commercial Heat Treating from Bluewater Thermal Solutions for 68m dollars. The company also commented that trading from July to September was "in line with expectations". The consideration of $68m has
Read moreLondon close: Footsie in late slide
12th Oct 2012 16:48
Footsie ended the week on a dull note, with most of the losses coming at the death. Evraz suspends Czech steel production Russian steel-maker Evraz led the market lower as it said it had suspended steel production in the Czech Republic because of low demand. Credit Suisse stuck the boot into the
Read moreFTSE 250 movers: Morgan Crucible plunges on profit warning
12th Oct 2012 16:10
Industrial materials provider Morgan Crucible has delivered a profits warning as trading conditions have deteriorated across most geographies, particularly in Europe and China. The slowdown in demand has been most pronounced in the Advanced Materials and Technology business, the group said, in an
Read moreLondon midday: Basel III boost for banks
12th Oct 2012 11:44
Leading shares largely trod water in the morning session, although banks had a good session on the back of rumours that the implementation of the strict new Basel III capital rules may be delayed. Financials lead the way Banks and insurers have been buoyed by Deutsche Bank upgrading the sectors to
Read moreLondon open: Soft start but banks shine
12th Oct 2012 08:51
London has taken its cue from Wall Street, which experienced a late swoon yesterday, and opened lower. Stocks on the other side of the Atlantic were initially boosted by jobless data, which showed a fall to levels not seen in over four years, but the good mood did not last, as some pundits claimed
Read moreThursday broker round-up
26th Jul 2012 10:41
ARM: UBS ups target from 630p to 645p, buy rating kept. Bodycote: Investec cuts target from 410p to 355p, buy rating kept. BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target. Capita: Jefferies ups target from 750p to 795p, buy rating kept. Capital & Cou
Read moreImproved profit and divi at Bodycote
26th Jul 2012 09:07
Heat treatment firm Bodycote posted an 8.7% rise in half year pre-tax profit and said its expects growth in aerospace, energy and new technologies to counteract negative economic headwinds. Profit before taxation rose to £43.8m for the six months ended 30 June 2012 from £40.3m before. Revenue rose
Read moreTuesday broker round-up
17th Jul 2012 08:15
ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained. AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept. Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept. Bodycote: JP Morgan Cazenove cuts target from 437
Read moreFriday broker round-up
13th Jul 2012 09:11
Aegis: Exane BNP Paribas downgrades to neutral, target upped from 220p to 240p; UBS downgrades to neutral, target upped from 195p to 240p; HSBC downgrades to underweight, target upped from 180p to 240p. Anglo American: Liberum Capital downgrades to hold. Ashmore: Singer Capital Markets downgrades
Read moreBodycote CEO ditches chunk of shares
8th May 2012 16:16
Stephen Harris, who has held the role of Chief Executive Officer at FTSE 250 heat treatment firm Bodycote for over three years, sliced off a sizeable chunk of his shares on May 4th. Harris, who has also been a director of Spectris, ditched 94,000 shares at 421.00p each, earning himself the handsom
Read moreBodycote to open new Houston plant
30th Apr 2012 07:08
The heat treatment firm Bodycote says it will open a new surface technology plant in Houston, Texas. The new plant, scheduled to open during the third quarter of 2012, will enable Houston's large oil & gas market to access Bodycote's spray services, which prolong the life of components operating in
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