Castings shares drop on gloomy H2 outlook
14th Nov 2014 15:06
Casting's shares dropped sharply on Friday after the iron castings and machining group gave a gloomy outlook on the back of weakness in Europe. The group said it was "difficult to forecast the outcome for the remainder of the year" due to concerns over the strength of the recovery in Europe. "Howev
Read moreSector movers: Rotork and Castings drag engineers lower, IMI subdued
14th Nov 2014 14:06
Industrial engineering stocks were out of favour on Friday after Rotork and Castings disappointed with results and the market gave a muted reaction to a trading update from sector peer IMI. Rotork, the actuator manufacturing and flow-control company, saw shares drop 3.8% at 2,404p in afternoon trade
Read moreCastings sees recent sales fall below expectations
19th Aug 2014 11:11
Industrial engineering group Castings sent its share price into the red on Tuesday after admitting its recent sales have been below its expectations and that it was experiencing operational issues due to the change of work mix. The update comes after the group said in June that its customers' requi
Read moreDemand reduction lower than feared at Castings
19th Feb 2014 09:22
A cautious update was released by Castings on Wednesday, in which it had seen anticipated reduction in demand in early 2014, although this was not as severe as originally expected. The iron castings and machining business said the short-term variable demand had continued to "cause certain inefficie
Read moreSector movers: Weir leads industrial engineers higher
20th Jan 2014 15:07
Industrial engineers were making decent gains on Monday with sector heavyweight Weir among the best performers on the back of upbeat comments from analysts. The oil and gas engineer was up 4.2% at 2,227p in afternoon trade with a 'buy' rating from Redburn helping sentiment. "Weir's valuation compa
Read moreBuoyant car industry boosts Castings
13th Aug 2013 11:33
Strong demand from UK and international car makers is keeping business buoyant at British engineering group Castings. Castings, which supplies 80% of its cast iron products to multi-national car and commercial vehicle manufacturers, said it was still experiencing improved demand from customers and
Read moreImpossible to make forecasts for next year, Castings says
15th Feb 2013 10:13
Castings, the FTSE All-Share-listed company which manufactures iron castings, has provided an update on its performance for the period from October 1st to January 31st, predicting its results will be 'marginally below current market expectations'. In the interim management statement Brian Cooke, Ch
Read moreRecord profits for Castings but Euroland worries continue
20th Jun 2012 09:31
Castings, which as the name suggests, makes iron castings, has announced record profits for the year ending March 31st while sounding a note of caution on export orders. By most measures Castings has done well, as turnover increased from £105.4m to a record £126.3m, of which 66% came from exports.
Read moreBrady Finance Director bins shares
16th Apr 2012 15:29
Tony Ratcliffe, Finance Director of Brady, a software provider to the commodities sector, has disposed of 416,565 shares in the company. Brady, who joined the company in 2007, sold the shares at 87p each for a total of £362,412. The sale was made just four days after the company scored a new cont
Read moreCastings setting profits in stone
24th Nov 2011 11:39
Castings, the West Midlands based cast maker, says despite economic uncertainty trading conditions have remained good through the last six months. Sales for the six months to 30 September were £64.0m compared to £44.6m for the equivalent period of 2010, a rise of 43%. The adjusted profit before t
Read moreSmall Caps Round-up: Castings, Natasa, London & Stamford
16th Aug 2011 12:27
Foundry group Castings has announced that the first three months of trading have been "very encouraging" and ahead of expectations. The company said: "We have no indication from our major customers of reductions in demand, however it is still too early to know how the current economic problems wil
Read moreAshley House directors build stakes
26th Jan 2011 17:24
Directors bought stakes in Ashley House following the care home builder's interim results yesterday. Six directors took stakes in the company, with the biggest coming from chairman William Wells, deputy chairman Stephen Minion, chief executive Jonathan Holmes and finance director Antony Waters. The
Read moreSmall caps round-up: Europa Oil, Regal Petroleum, Cardiff Property...
25th Nov 2010 12:46
Shares in Europa Oil & Gas gushed ahead after it said drilling at the Barchiz-1 exploration well in Romania encountered oligocene sandstone reservoirs similar to those seen in a nearby field. 'Clearly we are extremely encouraged by this result and look forward to seeing the flow test results in the
Read moreSmall caps round-up: Mavinwood, Imaginatik, Castings...
23rd Jun 2010 10:43
Shares in Mavinwood dropped after the emergency repair group reported a wider full-year loss. The group's pre-tax loss increased to £7.8m in the year ending 31 December compared with a loss of £3.9m in the previous year as revenue dropped to £27m from £31.5m. Software firm Imaginatik posted wider p
Read moreCastings FY10 Pretax Profit Jumps To £9.8M, Maintains Dividend
23rd Jun 2010 09:16
LONDON (Dow Jones)--Castings PLC (CGS.LN), a supplier of spheroidal graphite iron castings, reported Wednesday a significant increase in pretax profit for fiscal 2010 and said it maintained dividend payment at 7.29 pence per share. MAIN FACTS: -Revenue for the year ended March 31 GBP60.6 mil
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