Week Ahead: New chief makes bow at Wm Morrison
5th Mar 2010 13:03
Another big week for results lies ahead, spread across a whole range of sectors. Wm Morrison's new chief executive Dalton Philips will only have been in his job for a day when the supermarket chain reports on Thursday. The figures should be good, with conditions for food retailers still helpful a
Read moreBroker tips: Michael Page, Amec, Wood Group...
5th Mar 2010 12:50
Michael Page fell back Friday following a mixed response to an 85% slump in profits at the recruiter last year. KBC Peel Hunt says adjusted profit before tax of £21.1m, down from £140m in 2008, was slightly ahead of expectations. "The balance sheet remains robust and the company maintains an exc
Read moreBroker snap: Results ahoy for shipping issues
5th Mar 2010 12:00
Last year was a difficult one for the shipping sector, hit by the recession, low freight rates and overcapacity, but Charles Stanley sees more optimism in 2010. Volatility looks set to continue, it says, with Chinese demand and infrastructure spending likely to determine the outcome for the dry bul
Read moreClarkson to meet forecasts
13th Jan 2010 07:38
Clarkson said trading has continued in line with expectations and the shipping services firm remains confident that it will meet current market forecasts for the full year. Preliminary results for the year ending 31 December will be announced on 11 March 2010.
Read moreSector movers: Transportation stocks buoyant
15th Dec 2009 11:57
One of the most buoyant sectors today is industrial transportation, in spite of a sharp fall in the share price of Interbulk. The container operator saw pre-tax profits in the year to 30 September fall to £3m from £4.6m over the same period the previous year on revenues that slipped to £232.5m fro
Read moreClarkson chief cuts stake
6th Nov 2009 16:29
Chief executive Andi Case has sold just over one-quarter of his stake in shipping services company Clarkson. He raised £1.6m and retains a 2.91% stake. Case joined Clarkson in 2006. Case was awarded 210,000 shares as a deferred bonus in June 2008 at the time he became chief executive. This is part
Read moreSmall caps round-up: Charteris, Hilton, Clarkson...
5th Nov 2009 15:17
Business software specialist Charteris cut its dividend by 60% as it slumped into a loss of £1.2m in the year to July from a profit of £1.35m. Revenue fell to £20.3m (2008: £23.4m). The dividend is 0.2p per share against 0.5p. "Our business experienced challenging trading conditions throughout the
Read moreNew Travis chairman buys
30th Oct 2009 16:31
Robert Walker, the chairman-designate of Travis Perkins, has bought his first shares in the builders' merchant. Walker was appointed to the Travis Perkins board on 30 September 2009 and he is due to take over as chairman from Tim Stevenson in May 2010. Walker has bought a total of 25,000 shares at
Read moreSmall caps round-up: Trafficmaster, UK Coal, Xtract Energy
27th Aug 2009 11:43
Satnav group Trafficmaster is still heading higher after growing pre-tax profit by 43% in the first six months of 2009 to £3.4m on revenue up 6% to £28.9m. 'We expect to continue to encounter tough market conditions, but we believe we are well placed to meet expectations for the year,' chief execut
Read moreSmall caps round-up: MediaZest, Reneuron, Atlantic Coal...
30th Jun 2009 09:00
Display advertising and screens provider Mediazest's pre-tax profits slide in the year as administrative expenses were too high, prompting the firm to undertake further cost cutting measures. The group also said first half of 2009 has seen a drop in activity as a consequence of the economic downt
Read moreParkmead men buy 10m shares each
22nd Jun 2009 16:57
There's been heavy buying of investment company Parkmead recently, with bosses keen to snap up stock near historic lows. Non-executive chairman Colin Goodall and non-executive director Thomas Cross both bought 10m shares at 1p each. The £100,000 purchases take former BP man Goodall's stake to 12m
Read moreClarkson trading in line but conditions tough
13th May 2009 15:37
Shipping services firm Clarkson said trading conditions have continued to remain challenging as the global recession hits asset values and freight rates. "Notwithstanding this backdrop, the Group is trading in line with management's expectations for the current year," it said. Spot revenues in th
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