London close: Stocks slip ahead of ECB, US inflation print
9th Apr 2024 15:12
(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.
Read moreDirectors dealings: Chemring boss sells shares
25th Mar 2024 19:00
(Sharecast News) - Chemring's boss and its group legal director offloaded shares in the sensor and countermeasures manufacturer ahead of the Easter weekend.
Read moreLondon close: Stocks slip ahead of central bank decisions
18th Mar 2024 15:33
(Sharecast News) - London markets closed with a slight downturn on Monday as investors monitored upcoming rate decisions from a number of central banks.
Read moreChemring gets €66m from EU to boost shell production
18th Mar 2024 07:51
(Sharecast News) - UK defence contractor Chemring said it had received €66.7m (£57m) from the European Union as part of a €513m funding round to enhance ammunition production capacity.
Read moreLondon close: FTSE rises on back of StanChart cheer
23rd Feb 2024 16:07
(Sharecast News) - London stocks finished with a mixed performance on Friday, as Standard Chartered underpinned the top-flight index following its announcement of a $1bn share buyback programme.
Read moreBerenberg raises target price on Chemring
23rd Feb 2024 09:07
(Sharecast News) - Analysts at Berenberg raised their target price on aerospace and defence group Chemring from 370.0p to 415.0p on Friday, stating demand was driving the group's order book higher.
Read moreChemring hit by bad weather but full-year expectations unchanged
23rd Feb 2024 07:20
(Sharecast News) - Chemring has kept hold of guidance but said that annual results will now be increasingly weighted to the second half after severe winter conditions interrupted manufacturing operations at the start of the financial year.
Read moreDirector dealings: Chemring CEO makes share sale
16th Jan 2024 15:34
(Sharecast News) - Chemring revealed on Tuesday that chief executive Michael Ord had disposed of 192,412 ordinary shares in the FTSE 250-listed defence firm.
Read moreChemring posts record order intake as countries respond to Russia, China threat
12th Dec 2023 07:35
(Sharecast News) - Defence and aerospace Chemring on Tuesday posted a strong rise in annual earnings amid a record order intake driven by strong demand for its countermeasures products as countries respond to "geopolitical turbulence".
Read moreChemring ends year as expected, US sensors business under review
10th Nov 2023 07:34
(Sharecast News) - Chemring said in an update on Friday that its performance up to 31 October was in line with both the board's and analysts' expectations, with the year's outcome set to meet targets.
Read moreBerenberg reiterates 'buy' rating on Chemring
20th Oct 2023 11:50
(Sharecast News) - Berenberg reiterated its 'buy' rating and 370.0p target price on aerospace and defence firm Chemring on Friday after the company flagged a potential delay to a countermeasures shipment last month.
Read moreChemring receives U.S. DoD approvals for countermeasures deliveries
17th Oct 2023 08:10
(Sharecast News) - America's Department of Defense granted Chemring the majority of the approvals needed in order to proceed with the delivery of certain countermeasures.
Read moreLondon close: Stocks maintain gains after latest jobs data
12th Sep 2023 15:48
(Sharecast News) - London's top-flight index ended Tuesday on a positive note, with AB Foods in focus on the back of an optimistic trading statement, as investors pored over the latest UK jobs data.
Read moreChemring's contract issue a buying opportunity, says Shore Capital
12th Sep 2023 10:50
(Sharecast News) - Shares in Chemring dropped 5% on Tuesday after the company said that the timing of a key contract would determine whether it hits its full-year targets; but broker Shore Capital recommended investors to use any weakness in the stock as an opportunity to pick up shares.
Read moreChemring full-year targets depend on outstanding £25m DoD order
12th Sep 2023 07:16
(Sharecast News) - Aerospace, defence and security tech group Chemring said it remains on track to hit forecasts this year, but only as long as the US Department of Defense signs off a £25m order.
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