Chemring scales back FY forecasts
1st Nov 2012 07:14
Defence contractor Chemring reduced profit expectations for the financial year ended October 31st 2012 following delays and technical problems in a number of contracts. In an update on current trading Chemring said a contract for the supply of vehicle based mortar systems for a Middle Eastern custo
Read moreLondon close: Disappointing earnings and growth concerns spark sell-off
23rd Oct 2012 16:41
- 'Risk is officially off', says analyst - Corporate earnings and growth worries sink stocks - Miners drop, while ARM and Experian gain A sell-off on Wall Street and concerns about the Eurozone saw markets across Europe take a hammering on Tuesday, with mining stocks dragging the Footsie lower in L
Read moreFTSE 250 movers: Chemring sinks after CEO exit
23rd Oct 2012 15:17
Shares in defence group Chemring dropped after its CEO David Price resigned with immediate effect. He will be replaced by Mark Papworth, a former Wood Group executive. Speculation in the market is that Price's exit signals that US private equity firm Carlyle's takeover bid could be collapsing. "It
Read moreLondon midday: Miners drag the Footsie lower
23rd Oct 2012 11:41
- Miners dominate fallers on FTSE 100 - ARM and Experian lead the upside - Markets look ahead to FOMC Mining stocks were providing a drag on the Footsie on Tuesday morning as concerns over the global economy spurred a move away from risk; meanwhile, markets remained cautious ahead of a two-day poli
Read moreLondon open: Whitbread and the miners provide a drag early on
23rd Oct 2012 08:44
- Corporate earnings in the spotlight - Spain weighs on sentiment as Moody's downgrades five regions - Whitbread disappoints, ARM in demand The FTSE 100 index fell in early trading on Tuesday with growth-sensitive stocks out of favour as investors remain cautious about the Eurozone and ahead of som
Read moreShake-up at the top for Chemring
23rd Oct 2012 07:36
David Price, the Chief Executive Officer (CEO) of FTSE 250 defence group Chemring has resigned with immediate effect, the company announced on Tuesday morning. Chemring, which makes pyrotechnics, explosives, munitions and countermeasures, has appointed Mark Papworth, a former Wood Group executive,
Read moreChemring takeover deadline extended
12th Oct 2012 08:09
Chemring has said US private equity firm Carlyle has been granted another extension to the 'put up or shut up' deadline to hammer out an offer for the defence equipment maker. The UK Takeover Panel has extended until November 9th the deadline for Carlyle to table a firm bid for Chemring or walk awa
Read moreSunday newspaper round-up: Regulation, Sun King, BAE
16th Sep 2012 17:21
A former chairman of the Federal Reserve has warned that regulation in the UK may have gone too far in its efforts to separate high-street banks from their high-risk investment arms. Paul Volcker claimed the UK's proposals to ringfence retail banks from their speculative trading divisions go even fu
Read moreLondon close: Footsie jumps to six-month high on QE3
14th Sep 2012 16:26
- Footsie closes at highest level since mid-March - Markets celebrate QE3 announcement - Mining stocks surge as demand outlook improves Massive gains in the mining sector lifted the FTSE 100 to a six-month high on Friday as markets reacted to the Federal Reserve announcement of further economic sti
Read moreFTSE 250 movers: Miners leap on QE3 decision
14th Sep 2012 15:53
Mining stocks were putting in an impressive performance as metals prices gained on a weaker dollar after the Fed announcement, with investors hopeful that an improved US economy will boost the demand for commodities. Aquarius Platinum, Ferrexpo, Talvivaara, Lonmin and Centamin were all firmly higher
Read moreLondon midday: Mining stocks celebrate QE3
14th Sep 2012 11:48
- Footsie at six-month high after Fed decision - Mining stocks rocket on stimulus plans - Markets' upside momentum to remain in the weeks ahead, says analyst London's stock market continued to extend gains on Friday morning after last night's announcement of more stimulus in the US, pushed the FTSE
Read moreLondon open: Footsie at six-month high after QE3
14th Sep 2012 08:23
- Stocks soar after last night's QE3 announcement - Fed to buy mortgage debt, maintain Operation Twist - Miners, banks surge early on Stock markets across Europe surged in early trading on Friday following last night's stimulus announcement from the Federal Reserve; increased risk appetite was ben
Read moreChemring gives Carlyle a bit more time
14th Sep 2012 07:20
Defence contractor Chemring has pushed back the deadline for The Carlyle Group to make an offer, after not receiving word the US asset management group. Carlyle previously had until 17:00 today (September 14th) to announce a firm intention to make an offer in accordance with rules of the Takeover C
Read moreFriday broker round-up
31st Aug 2012 09:21
Admiral: Nomura raises target from 1,300p to 1,350p, buy rating kept. Anglo American: Nomura cuts target from 2,200p to 2,100p, neutral rating kept. BHP Billiton: Nomura cuts target from 2,100p to 2,000p, buy rating kept. Catlin: Morgan Stanley downgrades to equal weight, target cut from 495p to
Read moreLondon close: Footsie finishes flat after long weekend
28th Aug 2012 16:48
- Markets await Jackson Hole symposium - Miners lower on concerns over Japan - Chemring drops after profit warning. Concerns about global economic growth were weighing on sentiment on Tuesday, meaning that the FTSE 100 was little changed by the close despite some volatile swings between gains and
Read more