Canaccord upgrades Chemring to 'buy' after full year results
30th Jan 2017 09:59
(ShareCast News) - Canaccord Genuity on Monday upgraded its rating on Chemring to 'buy' from 'hold' and raised the target price to 210p from 160p. On 19 January, Chemring reported a 26.5% jump in full year revenue to £477m, driven by a weaker pound and the ramp-up of the defence group's F-35 stealth
Read moreDirectors dealings: Spouse of Chemring´s finance boss buys in
19th Jan 2017 16:19
(ShareCast News) - On 19 January, the spouse of Chemring´s finance chief, Karen Lewis, picked up 8,720 shares in the aerospace, defence and security goods manufacturer at an individual price of 173.74p, the company said in a statement. That same day, the company reported an improvement in its full-y
Read moreChemring appoints the finance director of the year
13th Dec 2016 09:04
(ShareCast News) - Chemring, a manufacturer of high technology products and services to the aerospace, defence and security markets, has appointed the winner of the finance director of the year award, Andrew Lewis as its group finance director. Lewis was group finance director of Avon Rubber from Se
Read moreTuesday broker round-up
22nd Nov 2016 09:56
(ShareCast News) - BT Group: UBS reiterates neutral with a target price of 400p. Tesco: JP Morgan reiterates underweight with a 135p target. Relx: Credit Suisse stays at outperform with a 1600p target. Pets at Home: HSBC reiterates buy with a 320p target. Royal Dutch Shell B: UBS starts coverage
Read moreDirectors dealings: BAE Systems director takes profits
11th Nov 2016 17:46
(ShareCast News) - BAE Systems's group director for business development took advantage of a two-day spike in the shares of the aerospace and defence engineer to take some profits. On 10 November, Alan Garwood sold 33,000 shares at an individual price of 605p each, walking off with £199,650. Betwee
Read moreChemring Q3 revenues up as order book grows
31st Aug 2016 08:32
(ShareCast News) - Chemring reported a jump in revenue for the third quarter and said its expectations for the full year remain unchanged. In a trading update for the three months to the end of July, the company said revenue rose 20.2% to £109.1m. In addition, Chemring said trading on the 40mm a
Read moreDirectors dealings: Chemring chief scoops up shares
12th Aug 2016 15:54
(ShareCast News) - Chemring chief Michael Flowers picked up 15,000 shares in his company on 11 August, at an individual price of 133p each, for a total disbursement of £19,950. The manufacturer of military countermeasures and electronics reported an 11.3% rise in first half 2016 revenues to £180.1m
Read moreChemring wins further contract in US
21st Jul 2016 14:07
(ShareCast News) - Defence company Chemring has secured a further research and development contract on the Next Generation Chemical Detection Program of Record in the US and has progressed to the prototype phase on all three variants. Work will be carried out at the Chemring Sensors & Electronic Sy
Read moreChemring FD Steve Bowers to step down
29th Jun 2016 12:43
(ShareCast News) - Chemring said on Wednesday that finance director Steve Bowers is leaving the defence company to take up the role of chief financial officer at law firm Herbert Smith Freehills. Bowers will stay on at the company to ensure an orderly transition, with a recruitment process to identi
Read moreLondon close: Market fixated on looming referendum
21st Jun 2016 16:56
(ShareCast News) - Stocks ended higher for a second day, with banks and insurers clocking in with the biggest gains as traders waited for Thursday's referendum. The Footsie finished the day up by 0.73% or 45.24 points to 6,249.24. The pound on the other hand was knocked lower from its intra-day hig
Read moreLondon midday: Banks pace gains following latest Brexit polls
21st Jun 2016 12:11
(ShareCast News) - UK shares recovered after a modest dip at the start of the session, with banks again clocking in with the biggest gains as traders digested another flurry of poll results suggesting Thursday's vote will not result in Brexit. As of 12:00 BST the FTSE 100 was trading higher by 0.03%
Read moreLondon open: Stocks edge lower ahead of Yellen speech
21st Jun 2016 08:14
(ShareCast News) - London stocks began the session trading slightly lower following a surge on the previous day, ahead of a key speech from US central bank chair Janet Yellen scheduled for later in the session, with the pound trading at its early May highs. As of 08:10 BST the FTSE 100 was trading l
Read moreCMA clears Chemring's Wallop acquisition
29th Mar 2016 15:19
(ShareCast News) - The Competition and Markets Authority has cleared defence company Chemring's acquisition of a business and certain assets of Wallop Defence Systems. The CMA said on Tuesday that based on the information currently available, it has decided not to refer the transaction to a Phase 2
Read moreChemring first quarter misses expectations
21st Mar 2016 12:25
(ShareCast News) - Defence company Chemring said on Monday that trading in the first quarter of this year was below management's expectations due to a lower margin sales mix and customer acceptance delays. Revenue in the three-month period to the end of January came in at £82.9m compared with £61.5m
Read moreFriday newspaper share tips: Chemring, Pearson
22nd Jan 2016 13:20
(ShareCast News) - For a manufacturer of devices to protect from improvised explosive devices, Chemring has been running into too many 'unknown' negative factors of late for comfort. For starters, the company itself admitted that the oil price drop and its impact on the budgets of its oil-producing
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