Chemring trading holds up
18th Sep 2009 07:04
Weapons group Chemring said its outlook for 2009 remains in line with expectations as demand for its products from the US and UK armies staying strong. In the period from May 1 to date, revenues have totalled £143m compared with £102m over the same period the previous year. It was helped by orders
Read moreChemring pays £80m for LA's Hi-Shear
16th Sep 2009 08:02
Military decoy expert Chemring is paying $132m (£80m) for Los Angeles-based Hi-Shear Technology, a maker of pyrotechnic products for the defence and aerospace industry. The UK firm said it has entered into a conditional agreement to buy the business for $19.18 in cash per share and expects the deal
Read moreChemring wins US mine detection deal
9th Jul 2009 15:50
Military decoy producer Chemring's US subsidiary has bagged a $38.2m contract from the US Army to supply and support fifty Husky mine detection systems. The systems will be used to clear roads of buried mines wherever US peacekeeping forces are operating, such as Afghanistan. Deliveries will be m
Read moreWednesday tips round-up: Chemring, Domino Printing, Aggreko
24th Jun 2009 06:46
Military flares, decoys and munitions group Chemring draws three quarters of its sales from outside the UK, so the boost to yesterday's numbers from weak sterling will not be sustained. However, at a time when fears of budget cuts hang over defence stocks, Chemring should continue to produce stron
Read moreLondon close: Lacklustre Footsie in late fall
23rd Jun 2009 16:44
Footsie slipped into the red in late trading Tuesday having sat just above the zero mark for most of the day on a lacklustre day's trading. Information conglomerate Thomson-Reuters moved up after it confirmed it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on
Read moreLondon afternoon: Miners provide a lift
23rd Jun 2009 14:15
London remains moderately firmer, helped by expectations of a similarly gentle upward shift on Wall Street when the US market opens and the strength of mining stocks. Information conglomerate Thomson-Reuters is on the upturn after it confirmed it is to delist from the London Stock Exchange and NASD
Read moreFTSE 250 movers: JD Wetherspoon fizzing after upgrade
23rd Jun 2009 13:25
Investors have raised a glass to JD Wetherspoon after Morgan Stanley lifted its rating on the pub group to 'overweight' from 'underweight', after falls in the company's share price lately. Rival pub group Marston's is unwanted though. Military decoy specialist Chemring is going well after it saw ha
Read moreLondon midday: Equities firmer on balance
23rd Jun 2009 12:01
London's leading shares continue to defy expectations and trade higher on balance, despite a weak showing overnight from Asian markets in the wake of yesterday's fall on Wall Street. Information conglomerate Thomson-Reuters leads the way. It has confirmed it is to delist from the London Stock Excha
Read moreLondon pre-open: Dull start in prospect
23rd Jun 2009 07:30
London looks set to follow Wall Street and Asian markets lower at the outset, with dealers predicting the FTSE 100 will open around 20 points lower than the previous close of 4,234. Information conglomerate Thomson-Reuters has confirmed it is to delist from the London Stock Exchange and NASDAQ, whi
Read moreChemring profits lifted by Energetics division
23rd Jun 2009 07:14
Military decoy specialist Chemring saw half-year profits and revenues surge as dividends were hiked 40% due to the strong performance by the Energetics division. Profit before tax rose 44% to £29.9m (2008: £20.7m) on revenue that jumped 55% to £233.5m. Interim dividend was raised to 14p from 10p in
Read moreTuesday preview: Chemring, Mortgage approvals
22nd Jun 2009 18:14
Countermeasures and ordnance specialist Chemring is expected to deliver a solid set of interim results. The company said in March the first four months of its financial year saw a strong trading performance from its Energetics and Countermeasures division, with revenue and operating profit up by mor
Read moreATH operations director shaves holding
13th Apr 2007 17:53
Coal producer ATH Resources saw operations director Alistair Black shave nearly 30% of his holdings in the group. Black disposed 125,000 shares at 190p each to leave him with 295,000 shares in the group, which represents 0.74% of the company. Top Director Buys F&C Asset Management (FCAM) Directo
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