London afternoon: Waiting for the dust to clear
17th Nov 2010 14:35
Investors continue to adopt a wait and see approach, biding their time until the Irish debt situation becomes clearer. UK economic news has been good, but not amazingly so. There was an unexpected fall in unemployment in October and a widely-anticipated three-way split in views on the Bank of Engla
Read moreLondon midday: Shares struggle for direction
17th Nov 2010 12:00
Traders find themselves unsure which way to move with economic and company news and the intensification of the Irish debt situation giving them plenty to ponder. Chancellor George Osborne says Britain is ready to step in to help Ireland, given our close interdependence with its economy. Meanwhile,
Read moreChemring sales rocket in Q4
17th Nov 2010 08:21
The coalition government's strategic defence review is broadly neutral for military decoy flares and mine detection firm Chemring, which today uncovered a 42% increase in revenue for the fourth quarter. In 2011, the UK will only represent 15% of group revenue, it said. The addition of 12 Chinook he
Read moreLondon close: Another sluggish day for FTSE 100
16th Sep 2010 16:40
There was no shortage of company news for traders to ponder today, but Footsie has continued trading in a tight range following recent gains and finished a few points in the red. The US failed to boost sentiment; shares on Wall Street are lower after economic data failed to lift sentiment. Manufact
Read moreLondon afternoon: Footsie drifts lower
16th Sep 2010 14:13
Footsie fell a bit deeper into the red over the lunch time session as a half-hearted rally following disappointing retail sales figures fizzled out. Kingfisher is a high-flyer after interim profits from the DIY retailer were at the top end of the range of expectations as the group achieved strong g
Read moreLondon midday: Footsie seeking direction
16th Sep 2010 12:13
The leading share index is little changed after its flat start amid a mixed reception for today's stream of updates. Kingfisher is a high-flyer after interim profits from the DIY retailer were at the top end of the range of expectations as the group achieved strong growth in each of its three main
Read moreLondon open: Retailers offer mixed bag
16th Sep 2010 08:26
London is seeking direction in the early going despite a welter of company results for the investment community to digest. Today has been termed "retail Thursday" in some quarters with a number of the big names from the edge of town trading estates reporting. Interim profits from DIY retailer King
Read moreChemring cranks up revenue in second half
16th Sep 2010 07:58
Chemring, the military decoy flares and mine detection firm, has kept up the good work during the second half, firing a 23% increase in revenue for the four months since May 1. The group, still clearing up after a fire at one of its assembly facilities in Tennessee, said sales for the period jumped
Read moreFire breaks out at Chemring US facility
15th Sep 2010 07:19
There has been a fire at one of Chemring's specialist assembly facilities in Tennessee, USA. The defence company, which specialises in energetic materials, such as pyrotechnic, pyrophoric, propellant and explosive materials, said the facility affected is one that is used to perform the final assemb
Read moreIncoming Chemring chairman opens account
6th Sep 2010 16:35
Incoming chairman Peter Hickson has opened his account with Chemring soon after joining the board of the maker of flares, rockets, grenades and other military products. He bought 4,000 shares at 2,792p, spending a total of about £111,000. Hickson was appointed as non-executive director at Chemrin
Read moreChemring buys electronic warfare specialist
10th Aug 2010 07:28
German electronics and engineering powerhouse Siemens is to sell its electronic warfare firm, Roke Manor Research, to decoy countermeasures specialist Chemring. Chemring is paying £55m to acquire Roke, an engineering company that provides contract research, product development and low volume produc
Read moreMARKET TALK: UBS Initiates Chemring At Buy
23rd Jul 2010 08:00
0700 GMT [Dow Jones] UBS initiates Chemring (CHG.LN) at buy with a 3600p target. Reckons the group will continue to grow earnings at circa 20% per annum over the next two years. Adds the company's current valuation reflects concerns over the outlook for defense spending and potential margin pressure
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 08:00
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0700 GMT [Dow Jones] UBS initiates Chemring (CHG.LN) at buy with a 3600p target. Reckons the group will continue to grow earn
Read moreChemring Buys Back 10,000 Shares To Hold In Treasury
30th Jun 2010 14:44
LONDON (Dow Jones)--Chemring Group PLC (CHG.LN) said Wednesday it has purchased a total of 10,000 of its ordinary shares via Investec Investment Banking. MAIN FACTS: -The highest price paid was 2997.98 pence per share and the lowest price paid was 2970 pence per share. -The purchased sha
Read moreChemring Group Buys 20,000 In Own Shares
29th Jun 2010 17:18
LONDON (Dow Jones)--Chemring Group PLC (CHG.LN), announced Tuesday it purchased a total of 20,000 ordinary shares of 5 pence each. The highest price paid was 3000.8 pence per share and the lowest price paid was 3000.0 pence per share. MAIN FACTS: -The purchased shares will be held as treasur
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