Bodycote profit soars, ups divi -UPDATE
23rd Feb 2012 09:52
Metals and alloys treatment firm Bodycote said profit surged 68% after strong demand at its aerospace and defence unit and robust sales overseas. The group said despite economic headwinds, particularly in Europe, the business would continue to make progress in the coming year. In a separate anno
Read moreThursday broker round-up - UPDATE
23rd Feb 2012 08:31
Bodycote: Credit Suisse raises price target on Bodycote to 380p from 350p. Royal Bank of Scotland: Nomura keeps reduce rating and 26p target. British American Tobacco: Nomura maintains buy rating and 3,320p target. RSA Insurance: Nomura reiterates buy rating and 148p target. Anglo American: Alp
Read moreThursday broker round-up - UPDATE
19th Jan 2012 09:52
Tesco: Goldman Sachs downgrades to neutral from buy. Morrison: Goldman reiterates sell. Sainsbury: Goldman downgrades to sell from neutral. Tobacco (sector): Nomura downgrades sector view from bullish to neutral. Tesco: AlphaValue downgrades to add from buy, raises target to 402.90p from 401.4
Read moreTuesday broker update: IAG, HSBC, Essar -UPDATE
8th Nov 2011 09:38
Tate&Lyle: J.P.Morgan downgrades to underweight from neutral. IAG: Credit Suisse cuts target too 152p from 164p. HSBC: Credit Suisse cuts target too 610p from 640p. Essar: Credit Suisse cuts target too 435p from 566p. Weir: Credit Suisse raises target to 2050p from 1850p. Astra Zeneca: Panmure
Read moreBodycote on track for end of year
8th Nov 2011 08:44
Metals and alloys treatment company Bodycote reassured investors this morning, saying it had enjoyed strong trading in the last four months and was on track to meet full year expectations. Margins continued to be robust, reflecting higher levels of sales, improving mix and a sustained benefit from
Read moreTesco finance director adds more to his basket
9th Aug 2011 12:54
Laurie McIlwee, finance director at Tesco, Britain's biggest retailer, has bought 13,617 ordinary shares at 364.8p. The £49,675 purchase brings McIlwee's total number of shares to 340,215. McIlwee joined the board at Tesco at the start of 2009, having undertaken previous roles within the comp
Read moreLondon close: Late rally lifts stocks
28th Jul 2011 16:41
Stocks finished in positive territory after a choppy day, with US economic data helping to spark a late rally. Weekly Initial jobless claims in the world's biggest economy fell below 400,000 for the first time since April and homes sales data also came in ahead of expectations. The rush of company
Read moreFTSE 250 Movers: Inchcape moves into the fast lane
28th Jul 2011 13:30
Car dealer Inchcape zoomed ahead after reporting a 10.1% increase in half year pre-tax profit as demand from Asia Pacific and the Emerging Markets outweighed sluggishness in the UK and Europe. Pre-tax profit rose to £126.8m in the six months ended 30 June 2011 from £115.2m in 2010. Reported sales
Read moreLondon midday: Stocks fall back after news flurry
28th Jul 2011 12:00
Stocks are in the red after this morning's splurge of company updates. Anglo-Dutch integrated oil company Royal Dutch Shell fell after it reported net income on a current cost of supplies (CCS) basis, excluding specific items, of $6.6bn, compared to $4.2bn in the second quarter of last year. The fi
Read moreBodycote shines on strong full-year forecast
28th Jul 2011 10:24
Bodycote expects its full-year results to come in ahead of forecasts after a strong first half for the metals and alloys treatment company. In the six months to 30 June, pre-tax profits at the company, which works in the aerospace, car, defence and other sectors, climbed to £40.3m from £19.1m the p
Read moreFTSE 250 movers: Misys surges on approach
21st Jun 2011 14:06
Misys, the financial software provider, jumped 9% higher after confirming recent speculation over a possible offer. "The board of Misys PLC notes the recent speculation regarding a possible offer and confirms that it has received a preliminary approach that may or may not lead to an offer being made
Read moreBodycote to open new treatment facility in Mexico
21st Jun 2011 10:35
Investors gave the thumbs-up to metals and alloys treatment company Bodycote's plans to open a new vacuum heat treatment facility in northwest Mexico in the third quarter of 2011. The announcement of the planned opening of its new plant, which is situated in the city of Empalme in the State of Sono
Read moreTuesday tips round-up: Charter, Bodycote, Halfords...
21st Jun 2011 06:47
When Charter International put out a statement yesterday that, although one side of the business accounting for about a third of sales was doing really quite well, the rest had suffered a bit of a slowdown, almost a third of the company's market cap disappeared and the shares ended off 179p at 537¾p
Read moreSector movers: Charter pressures engineers lower
20th Jun 2011 16:34
Engineering business Charter International saw shares plummet on Monday, dragging the industrial engineering sector lower. Shares were over a quarter lower after the group warned that figures for 2011 are expected to be below forecasts given in its last update in April as a mixed trading picture em
Read moreLondon midday: Stocks under pressure as euro saga drags on
20th Jun 2011 12:03
Stocks remain under pressure as the Greek debt situation continues to cast a shadow. Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures. Among the fallers are Aggreko even after the temporary power
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