Croda lifts final dividend despite being hit by currency headwinds
24th Feb 2015 09:10
Strong currency headwinds hit specialty chemicals maker Croda International, which saw its annual pre-tax profit fall 6.4% to £235.4m. In the 12 months to 31 December, the group, whose customers include L'Oreal SA, Unilever Plc and Procter & Gamble Co, said revenue dropped 2.8% year-on-year to £1.05
Read moreFTSE 250 movers: Oil stocks rise, TalkTalk falls on dissapointing outlook
3rd Feb 2015 14:19
The news that BP had slashed its investment budget for this year by $4bn-6bn gave crude prices a boost, and in turn oil stocks, as the commodity extended gains made over the last few days on speculation of slowing output. Brent rose 3.9% to $56.86 a barrel, lifted further by ongoing strikes at oil r
Read moreSector movers: Chemical stocks rise as broker upgrade lifts Croda
1st Dec 2014 15:15
The chemical sector was the best-performing category in London on Monday with Yorkshire-based Croda International providing a lift after an upgrade from Deutsche Bank. Deutsche Bank lifted its rating for Croda from 'hold' to 'buy' and hiked its target price from 2,350p to 2,800p, causing shares to a
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
Read moreBroker tips: Croda, Experian, Tullett Prebon
7th Nov 2014 11:57
Specialty chemicals manufacturer Croda has multiple positive features, yet even after the recent share-price underperformance those are more than fully reflected in the share price, Canadian broker Canaccord Genuity said in a research report sent to clients. Additionally, it expects the firm's futur
Read moreCanaccord reiterates 'sell' recommendation on Croda
7th Nov 2014 10:27
Specialty chemicals manufacturer Croda has multiple positive features, yet even after the recent share-price underperformance those are more than fully reflected in the share price, Canadian broker Canaccord Genuity said in a research report sent to clients. Additionally, it expects the firm's futur
Read moreCroda's quarterly profits hurt by currency, but underlying trends improve
7th Nov 2014 08:10
Speciality chemicals company Croda reported a drop in quarterly profits due to currency headwinds, but shares rose strongly after underlying trends improved. Pre-tax declined to £55.1m in the three months from 1 July, from £58.7m a year earlier, according to a trading update on Friday. Operating pr
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreNational Express finance chief quits to join Croda International
10th Oct 2014 07:15
Bus and train operator National Express announced that its finance chief was quitting to join speciality chemicals group Croda International. National Express said Jez Maiden, its group finance director since 2008, had resigned to take up the equivalent role at Croda early in the New Year. The grou
Read moreCredit Suisse notes weak demand for chemicals, Johnson Matthey falls
8th Oct 2014 09:29
Shares in UK-listed Johnson Matthey, Croda International and Alent were weighed down on Wednesday by comments by Credit Suisse, which slashed its estimates across the European chemicals sector on the back of poor demand. Ahead of a wave of third-quarter results from the sector, the bank said it has
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreWednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreFTSE 250 movers: IG Group rises on increased divi payment
22nd Jul 2014 15:59
IG Group leapt following what broker Numis Securities termed a "substantial" increase in its dividend payment, up 28% to 22.4p. The financial spread betting firm reported a 2.4% rise in full-year trading revenue to £370.4m. Numis kept its 'add' rating on the stock with a target price of 665p. Secu
Read moreCroda International meets revised expectations for H1
22nd Jul 2014 08:36
First half profit came in as expected at chemicals company Croda International, having fallen 6% to £125.1m year-on-year in a tough trading environment. The figure, which compared to £133.1m a year earlier, reflected a 4.5% reduction in half year revenue from £562.7m to £537.4m, which were hit in
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