FTSE 250 movers: Chemring in bottom spot after profit warning
28th Aug 2012 16:01
Defence contractor Chemring dropped after it issued a profits warning, saying a computer glitch and production delays are likely to wipe 15m pounds off full-year earnings as it considers a takeover offer from private equity giant Carlyle. Heading the other way was chemicals group Yule Catto after
Read moreLondon midday: Stocks erase losses after Spanish auction
28th Aug 2012 11:47
- Spanish bond auction lifts sentiment - Miners lower on concerns over Japan - Chemring drops profit warning. London's blue-chip index was trading broadly flat by midday, having erased all of the morning's losses, after a solid Spanish bond auction eased concerns about the heavily indebted Eurozone
Read moreProduction delays hit Carlyle-target Chemring
28th Aug 2012 07:37
Defence contractor Chemring has issued a profits warning, saying a computer glitch and production delays are likely to wipe 15m sterling off full year earnings as it considers a takeover offer from private equity giant Carlyle. A so-called Enterprise Resource Planning (ERP) system is one of the cul
Read moreTuesday broker round-up
21st Aug 2012 08:18
African Barrick Gold: Canaccord Genuity cuts target from 440p to 380p, hold rating kept. Amlin: Morgan Stanley keeps overweight and 414p target. Chemring: Citigroup downgrades to neutral, target lifted from 360p to 430p. CRH: Bernstein cuts target from 1,264p to 1,179p. Electrocomponents: Jeffer
Read moreLondon close: Bundesbank spoils the party
20th Aug 2012 16:52
- Bundesbank expresses critical opinion of ECB bond-buying - ECB considering capping bond spreads - Xstrata down on concerns over Glencore merger After a subdued start, the Footsie dropped into the red in afternoon trade as Germany's Bundesbank reiterated its critical stance on the bond-buying prop
Read moreLondon close: Stocks inch higher, but Chemring rockets
17th Aug 2012 16:49
- Merkel backs Draghi's bond-buying proposal - US data lifts stocks late on - Chemring receives interest from The Carlyle Group Global equity markets were lifted higher on Friday on the back of hopes of imminent action from European officials and some decent economic data in the US. However, gains
Read moreChemring appoints interim CFO
27th Jul 2012 07:56
Military counter-measures specialist Chemring has appointed Nigel Young as its interim Chief Financial Officer with immediate effect, replacing Paul Rayner, who will step down on July 31st. 59-year-old Young has considerable experience within both the defence and manufacturing industries. He was f
Read moreTuesday broker round-up - UPDATE
3rd Jul 2012 08:11
Anite: Jefferies reiterates buy rating and 155p target; Investec puts target under review, buy rating kept. Avocet Mining: Nomura slashes target from 220p to 120p, neutral rating kept. Barclays: Investec maintains buy rating and 240p target. BG Group: Deutsche Bank reduces target from 1,800p to 1
Read moreMonday broker round-up
2nd Jul 2012 09:28
Amlin: Jefferies keeps hold rating and 350p target. Avocet Mining: Numis downgrades to hold, target slashed from 230p to 130p; Westhouse Securities downgrades to neutral, target cut from 262p to 102p; JP Morgan Cazenove downgrades to neutral, target cut from 240p to 100p. Barclays: Investec mainta
Read moreLondon close: Stocks jump ahead of FOMC meeting
19th Jun 2012 16:44
- Markets look to FOMC with optimism - G20 meeting still ongoing, leaders pledge support - Whitbread, Home Retail lead risers in London Central bank stimulus speculation was doing the rounds today ahead of a key policy meeting in the US, fuelling a strong rise for the Footsie - the index finished a
Read moreFTSE 250 movers: Home Retail boosted by Argos sales
19th Jun 2012 15:51
Shares in Home Retail Group leapt after Argos sales held up in the first quarter, delighting investors who expected them to be hit by bad weather. The stock jumped nearly 24% after Argos revenues came in at £819m for the quarter, down 0.2% on a like-for-like basis. The City consensus was for a 4% fa
Read moreLondon midday: Stimulus hopes drive gains
19th Jun 2012 11:28
- G20 to take 'all necessary policy measures' - UK, US stimulus hopes boost markets - Whitbread, Home Retail rise strongly UK stocks were trading near their highest levels of the day by lunchtime on hopes that the world's leaders can pull together to battle the global financial crisis. According t
Read moreLondon open: Whitbread, Home Retail provide a boost early on
19th Jun 2012 08:30
- Leaders to take 'all necessary policy measures' - Whitbread provides a lift on the Footsie after strong Q1 - Greece, Spain and FOMC in focus The FTSE 100 index advanced in early trading on Tuesday morning after euro members pledged to 'safeguard' the region. According to a leaked draft communiqu
Read moreDefence cuts hit Chemring profit
19th Jun 2012 07:19
Military counter-measures specialist Chemring said global defence markets continue to be uncertain, with budget cuts in all NATO countries, but it remains confident of a strong second half and meeting full year expectations. The group, which makes decoys for military aircraft and ejector seats, sai
Read moreTuesday preview: Whitbread, Home Retail, Chemring, inflation
18th Jun 2012 15:32
Whitbread holds its annual general meeting on Tuesday, and is likely to give shareholders an update on trading in its first quarter. Aided by relatively easy comparisons from a year ago, broker Jefferies thinks Whitbread will pour out like-for-like (LFL) sales growth of around 3%, with the Premier
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