15th Sep 2015 18:36
(ShareCast News) - Ordnance and defence electronics manufacturer Chemring is successfully weaning itself off its reliance on Western defence budgets after being hit by the drawdown of forces in Iraq and then Afghanistan - together with a few production problems along the way. The result is a record
Read more14th Sep 2015 16:27
(ShareCast News) - The UK equity market declined on Monday after earlier gains as investors showed nervousness ahead the Federal Reserve's interest rate decision. The Federal Open Market Committee on Thursday announces whether it will raise rates for the first time in almost a decade following a two
Read more14th Sep 2015 11:50
(ShareCast News) - London stocks edged higher on Monday after China revealed details of state-business reforms as worse-than-expected data fuelled concerns about the nation's slowdown. China on Sunday outlined plans to restructure its state-owned enterprises, including partial privatisation. The pro
Read more14th Sep 2015 08:34
(ShareCast News) - Protection solutions provider Chemring reiterated full-year expectations after reporting a sharp rise in revenue. The London-listed company said revenue in the four months to 31 August rose 24% year-on-year to £119m, while the order book value increased 18% to £502.8m, thanks to a
Read more23rd Jun 2015 09:55
Chemring said on Tuesday that it has swung to a pre-tax loss in the first half amid falling revenue, although a recent increase in orders should help the company meet full-year targets. For the six months ended 30 April, the defense technology company posted a pre-tax loss of £15.1m, compared with a
Read more22nd Jan 2015 15:19
Government cuts to their military spending and falling demand saw defence group Chemring's full-year revenues decline as losses widened. In the year ended 31 October, revenue declined to £474.9m from £624.9m a year earlier, while pre-tax profit on an underlying basis fell to £30.3m from £51.6m. "Ag
Read more25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read more19th Sep 2014 11:18
UK stocks advanced on Friday, poised to finish at their highest levels in two weeks, after the Scottish people voted in favour of the Union in a crucial independence referendum. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whic
Read more19th Sep 2014 11:16
UBS has substantially reduced its target price for Aveva after the engineering software group's recent profit warning, but has kept a positive stance on the stock, saying "it would be wrong to sell now". The bank slashed its target for the shares from 2,500p to 1,950p though maintained its 'buy' rat
Read more19th Sep 2014 10:10
Shares of aerospace, defence and security technology group Chemring were given a boost on Friday after Canaccord Genuity lifted its rating from 'sell' to 'hold' and hiked its target price from 160p to 225p. The broker said that the stock is moving to a "recovery play" after the end of major balance-
Read more17th Sep 2014 14:54
Uncertainty over contract timing and a challenging environment cast a slight shadow over otherwise upbeat third-quarter results from military technology specialist Chemring, as the sector rejoices in anticipation of escalating geopolitical tensions. The Hampshire-headquartered company enjoyed improv
Read more27th Aug 2014 12:17
Foxtons' first-half results were "impressive", according to Canaccord Genuity. The real estate company reported a 16% increase in turnover to £372.8m with property sales commissions up 32% to £37.8m. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 29% to reach £
Read more27th Aug 2014 11:17
The real estate company reported a 16% increase in turnover to £372.8m with property sales commissions up 32% to £37.8m. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 29% to reach £24.9m as EBITDA margins climbed by 330 basis points to 34.3%. Canaccord gave the
Read more27th Aug 2014 10:28
Panmure Gordon analyst Sanjay Jha issued a bullish note on Chemring, as the US officially ended its "humanitarian no-boots-on the-ground airstrikes" stance and Nato deployed forces in Eastern Europe. The US is now planning military action in Syria and northern Iraq, possibly with the help of its al
Read more13th Aug 2014 09:55
Caledonia Mining: Numis lowers target price from 100p to 90p retaining a buy recommendation. Chemring Group: Panmure Gordon initiates with a target price of 328p and a buy recommendation. CLS Holdings: Liberum Capital raises target price from 1551p to 1647p and keeps a buy recommendation. CSR: Je
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