Chemring's bomb finder uncovers big profits
22nd Jun 2010 14:12
British military decoy flares and mine detection outfit Chemring is doing its bit for the boys in Afghanistan by supplying US-led forces with hi-tech ground penetrating radar systems capable of finding deadly improvised explosion devices (IEDs). The company's Explosive Ordnance Disposal (EOD) divis
Read moreUPDATE: Chemring First-Half Earnings Rise 7% But Shares Fall
22nd Jun 2010 09:34
(Adds detail and comment.) By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. missile-defense company Chemring Group PLC (CHG.LN) Tuesday posted a 7% rise in fiscal first-half pretax profit and gave an upbeat assessment of its prospects on the strength or a record order b
Read moreChemring CEO:ADG Deal To Be Resolved In Few Wks Or Not At All
22nd Jun 2010 08:36
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Chemring Group PLC's (CHG.LN) renegotiation of its $59 million acquisition of Allied Defense Group Inc. (ADG) will be resolved in "the next few weeks or it won't get resolved at all," its chief executive said Tuesday. The missil
Read moreChemring CEO Says Munitions May Suffer, Other Units 'Robust'
22nd Jun 2010 08:19
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Chemring Group PLC's (CHG.LN) chief executive Tuesday said the U.K. missile-defense company's munitions business is likely to suffer as governments curb spending to reduce budget deficits. However, David Price told Dow Jones New
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 07:50
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] 0650 GMT [Dow Jones] Chemring Group's (CHG.LN) 1H earnings are slightly below forecasts, says Execution Noble, with the opera
Read moreMARKET TALK: Chemring 1H Earnings Slightly Below Forecasts
22nd Jun 2010 07:50
0650 GMT [Dow Jones] Chemring Group's (CHG.LN) 1H earnings are slightly below forecasts, says Execution Noble, with the operating profit at GBP52M versus the brokerage's forecast of GBP56M and revenues of GBP256M versus expectations of GBP259M. Says this leads to 1H EPS growth of 10%, compared with
Read moreChemring's IED detector boosts interims
22nd Jun 2010 07:42
Chemring, the UK military decoy flares and mine detection firm, increased underlying profit in the first half by 7% and has named the successor to chairman Ken Scobie who retires in October after 13 years. Profit before tax and one-off items for the six months to 30 April grew to £42.3m from £39.5m
Read moreChemring First-Half Earnings Rise 7%; Outlook Upbeat
22nd Jun 2010 07:26
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. missile-defense company Chemring Group PLC (CHG.LN) Tuesday posted a 7% rise in fiscal first-half pretax profit and gave an upbeat assessment of its prospects. "In spite of many commentators' reservations about the immedia
Read moreChemring Group: Hickson To Succeed Ken Scobie As Chairman
22nd Jun 2010 07:17
LONDON (Dow Jones)--Chemring Group PLC (CHG.LN) said Tuesday that Peter Hickson will be appointed as an independent non-executive director with effect from July 1, and will succeed Ken Scobie as Chairman of the Board following his retirement on Oct. 1. MAIN FACTS: -Peter Hickson has had seni
Read moreUS quick to return for Chemring's flares
26th Mar 2010 07:56
The American military has asked Britain's Chemring to supply an extra $30.9m worth of decoy flares to protect its F-22 Raptor aircraft from the threat of infra-red guided missiles. US unit Kilgore Flares will supply more of its MJU-39 and MJU-40 flares as part of an IDIQ (indefinite delivery/indefi
Read moreLondon close: Gains pared at the close
17th Mar 2010 16:48
London's gains were trimmed just before the close as traders took a few profits before heading off to celebrate St. Patrick's Day. Nevertheless, it was the highest close for the Footsie since the middle of 2008. Mining stocks led the advance, despite conflicting views in the broking community on th
Read moreLondon afternoon: Brokers in miners disagreement
17th Mar 2010 14:29
A firm opening by Wall Street gave UK shares an additional fillip over the lunchtime trading session. Miners are leading the advance, despite conflicting views in the broking community on their merits. Societe Generale is in the bearish camp, cutting sector giants BHP Billiton and Rio Tinto from 'b
Read moreLondon midday: Arriva bid lifts mood
17th Mar 2010 12:02
London is now handily higher, with the strength of transport groups and miners cancelling out the subdued performance of ex-dividend stocks such as HSBC, Standard Life and Thomas Cook. The main point of interest is confirmation from bus and rail group Arriva that it has had an unsolicited bid appr
Read moreFTSE 250 movers: Arriva pulls away
17th Mar 2010 11:39
Arriva has raced into the lead to lead the FTSE 250 after the rail and bus group said it had received an approach about a possible offer. Shares in the company climbed yesterday amid rumours of a possible 700p-a-share bid from German transport operator Deutsche Bahn. Singaporean firm ComfortDelGr
Read moreLondon open: Footsie pushes on
17th Mar 2010 08:47
London has pushed on again this morning following strength on Wall Street late yesterday as US interest rates remained on hold. Miners have picked up as the dollar weakened after the decision by the Federal Reserve. Best performers so far include silver miner Fresnillo, Xstrata and ENRC. Aquarius P
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