Wednesday newspaper share tips: Virgin Money, Clarkson
2nd Nov 2016 12:16
(ShareCast News) - Shares in Virgin Money have bounced back sharply following their post-Brexit drop but the gyrations in the stock show that investors are wont to rush for the exit at the first sign of economic troubles, The Times´s Tempus cautioned. The lender is taking market share in the credit
Read moreClarkson fights to remain buoyant in face of shipping slump
15th Aug 2016 08:08
(ShareCast News) - Battling low global shipping rates, Clarkson delivered a stable first-half performance that helped its shares return to their level from before the profit warning last month. Revenue of £147.2m in the six months to 30 June was up just over 1%, while underlying profits before tax w
Read moreDirectors dealings: Clarkson chairman picks up shares in battered shipbroker
6th Jul 2016 13:42
(ShareCast News) - Clarkson´s chairman, James Hughes-Hallett, picked up a batch of shares of the battered shipbroker a day after it issued a profit warning. On 4 July, Clarkson said profits in 2016 would be "materially lower" than in full-year 2015 as a result of lower freight rates, quiet capital m
Read moreFTSE 250 movers: house builders in focus as mid caps sour
4th Jul 2016 18:25
(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed. Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight r
Read moreClarkson expects lower profits in 2016 due to depressed conditions in offshore
4th Jul 2016 07:09
(ShareCast News) - Profits at Clarkson will be "materially lower" in 2016 than in full-year 2015 as a result of lower freight rates, quiet capital markets and weak investor confidence. In its latest trading update, the company referenced the sharp drop seen in the Baltic Dry Index during the first q
Read moreClarkson warns of challenging outlook
6th May 2016 12:08
(ShareCast News) - Clarkson was under the cosh on Friday as it warned the short-term outlook remains "very challenging" and risks to the full-year outcome have increased, putting a heavier weighting on the second half. In a statement to be made at the company's annual general meeting in London, chai
Read moreClarksons trading well despite strong headwinds
7th Mar 2016 07:31
(ShareCast News) - Shipping services group Clarkson reported on a year of solid growth on Monday, with revenue growing 26.9% to £301.8m in the 2015 calendar year, from £237.9m in 2014. Its preliminary results showed underlying profit before tax was up 49.4% top £50.5m from £33.8m, and profit before
Read moreLondon pre-open: Stocks seen lower on profit-taking
7th Mar 2016 07:15
(ShareCast News) - London stocks are expected to open a little weaker on Monday as investors look to book some profits following recent gains. The FTSE 100 is seen starting 29 points lower than Friday's close at 6,170. Michael Hewson, chief market analyst at CMC Markets, said: "Despite this recover
Read moreClarkson warns over second-half profit
3rd Nov 2015 13:49
(ShareCast News) - Shipping services company Clarkson warned that difficult conditions in the dry bulk market have dented activity levels in maritime capital markets, with limited activity in the second half to date affecting the results of its financial division. The company, which had previously s
Read moreClarkson first-half profit drops but dividend lifted
17th Aug 2015 07:55
(ShareCast News) - Shipping services company Clarkson posted a drop in first-half pre-tax profit as costs from the acquisition of RS Platou offset better revenues. Pre-tax profit for the six months ended 30 June came in at £10.8 from £14.1 in the first half of last year, as revenue jumped 30% to £14
Read moreClarkson's CFO Jeff Woyda to hold COO role as well
12th Jun 2015 07:56
Shipping services company Clarkson announced that Jeff Woyda has been appointed chief operating officer, in addition to his current role as chief financial officer. Chief executive Andi Case said: "Jeff joined Clarkson in 2006 and has played a major role in the growth and development of the business
Read moreClarkson in negotiations with Norway-based Platou
14th Nov 2014 17:19
Shipping services provider Clarkson said it was in talks with the board of RS Platou. The firm did not disclose any details of a possible price for the deal with the Norwegian firm, a broker and investment bank focused on the offshore and shipping markets. Clarkson's shares have more than trebled t
Read moreClarksons on course for better results in 2014
30th Jun 2014 08:43
Shipbroker Clarksons is on course to significantly improve profits against last year after business matched hopes last month, it said. "Clarkson confirms that since its interim management statement on May 9th, trading has continued in line with the board's expectations," it said in an update. It s
Read moreMonday broker round-up UPDATE
12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
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