Chemring wins news order from US Army
24th Apr 2013 08:36
A subsidiary of Chemring Group has been awarded a further delivery order to provide spares for the Husky Mounted Detection System (HMDS) for the US Army. The order, worth $24m, supplements the $9.0m order received by the UK-based Non-Intrusive Inspection Technology (NITTEK) subsidiary in February.
Read moreLondon midday: FTSE 100 on track for fourth straight loss
17th Apr 2013 11:39
A number of heavyweight stocks going ex-dividend assured that London's FTSE 100 index was in the red for a fourth consecutive day on Wednesday, while concerns over the global economy continued to weigh on sentiment. Global growth fears have hit markets over the last few days after a surprise slowdo
Read moreThursday tips round-up: Barclays, Chemring, AstraZeneca
4th Apr 2013 07:20
Yesterday's Salz report into what went wrong at Barclays makes for interesting reading but adds little to the promises which have already been made. Nevertheless, it does shine a light on some problems, such as that of high pay for average performers. In any case, the review will help hold the new g
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreLondon pre-open: Modest gains expected on FTSE in early trading
27th Feb 2013 07:29
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,270, tracking US stocks which finished in positive territory on Tuesday, bucking the trend seen across Europe, as investors shrugged off the political instability in Italy and focused on comments from Federal Reserv
Read moreChemring reveals decline in revenues
27th Feb 2013 07:07
Defence technology group Chemring has said revenue in the three months ended January 31st was hit by weaker performances in Countermeasures and Munitions which offset the improved trading performances in Pyrotechnics and Counter-IED. Revenue for the period fell to £136.1m, compared to £132.4m in t
Read moreChemring CEO doubles stake
31st Jan 2013 16:21
The Chief Executive Officer of defence products group Chemring doubled his stake in the company on Thursday, just one week after the company revealed a 'disappointing' set of results for 2012. Mark Papworth, who only joined the board back in October, purchased 50,000 shares at 279.99p each for a t
Read moreAvesco Chairman adds to stake, while fellow directors sell
30th Jan 2013 16:16
Avesco, an AIM-listed corporate services provider, said Wednesday that its Chairman, Richard Murray, acquired 200,000 ordinary shares at 150p a go, as a number of his fellow board members opted to downsize their holdings in the group. Murray's transaction was by far the largest, costing him a tota
Read moreChemring Group wins contract with US Army
29th Jan 2013 07:35
Chemring Group said Tuesday its US arm Chemring Detection Systems was awarded another contract to supply chemical detection systems to the US Army. The agreement is for a $28.5m delivery order against a multi-year indefinite delivery/indefinite quantity contract. The Edgewood Contracting Division
Read moreFriday broker round-up UPDATE
25th Jan 2013 07:03
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
Read moreLondon close: Footsie jumps one per cent as economic data impresses
24th Jan 2013 17:09
Better-than-expected economic data lifted the FTSE 100 over one per cent higher on Thursday afternoon, as markets shrugged off disappointing results from the world's largest technology company, Apple. American jobless claims and a US manufacturing survey from Markit came in better than forecasts to
Read moreFTSE 250 movers: Chemring rises on full-year results
24th Jan 2013 15:36
Defence tech group Chemring was on the rise after presenting its full-year results. While the company recorded a sharp drop in profits, they were in line with expectations which 'counts as a positive given the recent history', according to analysts at Investec. Transport firm FirstGroup rose after
Read moreLondon midday: Markets boosted by economic data from Europe and China
24th Jan 2013 11:20
London's benchmark index was registering decent gains by Thursday lunchtime as earlier concerns about disappointing earnings from Apple were outweighed by better-than-expected economy data from Europe and China. Investors began today's session in a cautious fashion with the FTSE 100 struggling to
Read moreBroker tips: easyJet, Chemring, Darty
24th Jan 2013 11:03
Credit Suisse has hiked its target price for easyJet from 884p to 1,000p after raising its full-year profit forecasts following the budget airline operator's first-quarter results. However, a 'neutral' rating has been kept. Credit Suisse said: "Trading momentum has remained strong into winter, and
Read moreBroker snap: Chemring's on the road to recovery, says Investec
24th Jan 2013 10:09
Investec has lifted its price target for defence technology group Chemring from 280p to 335p and reiterated its 'buy' rating for the stock, saying that the business is on the 'road to recovery'. The broker said that Chemring's full-year results are in line with expectations, however this "counts as
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