London 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
Read moreBodycote sprays market with Rolls-Royce deal
20th Jun 2011 10:51
Bodycote, the metals and alloys treatment company has signed a 10 year renewal agreement with Rolls-Royce. Bodycote has been working with the aerospace giant since the 1980s providing heat treatments, thermal spray coatings and electron beam welding to improve the efficiency and prolong the life of
Read moreLondon close: Flat finish on eventful day
27th Apr 2011 16:56
Shares lost their puff ahead of the close having burst into life following a sluggish start, but there were some big movers in both directions, particularly in the mid-cap index. First quarter GDP data was the main talking point though growth of 0.5% was in line with expectations. On the company f
Read moreSector movers: Bodycote lifts industrial engineering sector
27th Apr 2011 14:06
Industrial engineers are wanted today, helped by a positive first quarter update by thermal processing services firm Bodycote. The metals engineer said revenues for the three months to 31 March 2011 were 19.2% higher than in the same period last year, and expects headline operating profit for the y
Read moreFTSE 250 movers: Bodycote soars after strong quarter
27th Apr 2011 13:48
The big mover of the day is engineering firm Bodycote after it said it expects headline operating profit for the year to 31 December 2011 to be towards the top end of analysts' forecasts after strong demand for heavy trucks. The outlook impresses broker Prime Markets which said that the shares (curr
Read moreBroker snap: Guidance impresses at Bodycote
27th Apr 2011 13:38
Broker Prime Markets sees further upside to its target price for thermal processing services firm Bodycote, after a strong performance in the first quarter. The group reported a 19.2% rise in revenues for the three months ended 31 March, with trends seen in the second half of 2010 having continued
Read moreLondon midday: FTSE 100 bounces back
27th Apr 2011 12:05
Shares are slightly in the blue now, though the relatively calm performance overall belies some big share price movements in both directions following a stream of updates. Banking giant Barclays is lower after saw adjusted profit before tax rise 10% in the first quarter of 2011, despite a 15% slide
Read moreLondon open: Stocks move both ways after updates
27th Apr 2011 08:32
Shares have edged slightly lower in early dealings with some big name company updates getting a poor reception, though there are some significant risers. Banking giant Barclays is lower after saw adjusted profit before tax rise 10% in the first quarter of 2011, despite a 15% slide in top-line incom
Read moreBodycote eyes strong FY
27th Apr 2011 07:48
Engineering firm Bodycote expects headline operating profit for the year to 31 December 2011 to be towards the top end of analysts' forecasts after strong demand for heavy trucks. The metals engineer said revenues for the three months to 31 March 2011 were 19.2% higher than in the same period last
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