Chemring sees Italian contracts extended for €38m
13th Jan 2012 07:13
Military equipment maker Chemring has been awarded further contracts worth €38m for the delivery of 81mm pyrotechnic illumination mortar rounds. Existing contracts with awarded to the firm's Italian subsidiary, Simmel Difesa, which were previously valued at €24.5m, will now be adjusted and extended
Read moreLondon close: Footsie extends losing streak
22nd Nov 2011 16:42
After spending almost all of the day in the blue and threatening to end a six-day losing streak, Footsie tumbled at the death to extend its miserable sequence. Disappointing third quarter gross domestic product data from the US played a part in London's late swoon. The second estimate for third qu
Read moreFTSE 250 Movers: Thomas Cook in talks with its bankers
22nd Nov 2011 13:15
Shares in travel firm Thomas Cook continued their downward spiral after the firm said it was in talks with its banks about borrowing more money. Shares dropped over 50% from the outset and were trading nearly 70% lower in the afternoon. Thomas Cook said it was going back to its banks because of a
Read moreLondon midday: Miners on the rise, defence stocks down on US fears
22nd Nov 2011 12:23
London's blue chip index held on to gains in morning trade, recovering after a six-day sell-off. While markets are still concerned with the ongoing troubles in the Eurozone, fears over the credit rating of the US eased after Standard & Poor's and Moody's reiterated their ratings last night. Neverth
Read moreBroker snap: Credit Suisse cuts Chemring's target, but stays at outperform
21st Nov 2011 12:33
Military equipment maker Chemring is still in the good graces of analysts at Credit Suisse, although less so than before its most recent trading statement, last Friday. Credit Suisse has decided to cut its 2011 and 2012 estimates for earnings per share from Chemring due to the 7% sales miss announ
Read moreDigital Look broker talk
21st Nov 2011 12:09
Centrica: "Centrica has today announced major moves in the gas market. We believe that these are good moves that will underpin Centrica's position on both the Upstream and Downstream side" [Investec]. Phoenix Group: "Any takeover of Phoenix would also represent the hope that more cash could be sque
Read moreMonday broker round-up - UPDATE
21st Nov 2011 08:23
RBS: Banco Espirito Santo lowers to neutral, cuts target to 22p from 51p. Centrica: Investec puts target price under review, buy rating unchanged. Capita: Credit Suisse cuts target from 780p to 770p, outperform rating kept. Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324
Read moreLondon close: Footsie finishes down 3.28% on the week
18th Nov 2011 16:23
In quite a volatile trading session, the Footsie finished over 1% lower on Friday. For the week, the top share index closed down 3.28% on last Friday's close of 5,545, after a steady five-day fall on the back of a lack of progress in Eurozone. UK-GERMAN MEETING, DRAGHI EXPRESSES CONCERNS Britain'
Read morePremier Foods director bites again
18th Nov 2011 16:02
Ian Deste, group sales director at struggling firm Premier Foods, has served himself up a helping of shares. The director purchased 186,746 shares 5.20p just a few weeks after the firm's bankers agreed to defer the company's end-of-year loan covenant tests by three months, in a move which forms pa
Read moreFTSE 250 Movers: Chemring comes under fire
18th Nov 2011 15:21
Military decoy flare and mine detection firm Chemring was the biggest faller after it said unexpected delays in customer orders means full-year revenues will be around 5% below the board's expectations, while operating profit will be shy of market projections. In contrast, struggling foods manufac
Read moreLondon midday: Five-day fall for Footsie
18th Nov 2011 11:57
With Eurozone troubles continuing to provide a drag, the Footsie had tumbled 1% by midday on Friday to 5,366, an intraday level not seen since last Thursday. This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5
Read moreDelays and uncertainties hit Chemring
18th Nov 2011 10:42
Military decoy flare and mine detection firm Chemring was under fire on Friday morning after it said unexpected delays in customer orders means full-year revenues will be around 5% below the board's expectations, while operating profit will be shy of market projections. The delays related to custom
Read moreFriday broker round-up - UPDATE
18th Nov 2011 09:42
Pennon: Deutsche Bank upgrades to buy from hold. Capita: Peel Hunt reiterates buy and 850p target. Capita: Investec slashes target to 630p from 725p, hold maintained. Chemring: finnCap downgrades from buy to hold, target slashes from 780p to 480p. ICAP: UBS cuts target from 380p to 328p, sell ra
Read moreChemring subsidiary wins $49.5m contract
29th Sep 2011 13:31
Chemring has announced that its US subsidiary, Non-Intrusive Inspection Technology (NIITEK), has been awarded a $49.5m contract from the US Army to supply spare parts for the Husky Mine Detection System ("HMDS"), in support of US peacekeeping operations around the world. Deliveries under the contr
Read moreBroker tips: Hargreaves Lansdown, Chemring, Berkeley
5th Sep 2011 12:41
After putting its fair value rating on Hargreaves Lansdown on review last week, Singer Capital Markets decided to upgrade the wealth management firm to buy on Monday, "The recent potential U-turn on payments to platforms and share underperformance has presented a long-awaited buying opportunity in
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