Croda International proposes special dividend following strong results
23rd Feb 2016 09:31
(ShareCast News) - Croda International has seen record reported sales for the year to 31 December 2015, which is prompting the company to return large dividends to its shareholders. The FTSE 250 chemical ingredients company posted £1.082bn of sales for the year, up from £1.047bn the previous year.
Read moreMonday broker round-up
15th Feb 2016 18:27
(ShareCast News) - Hargreaves Lansdown: Shore Capital upgrades to buy. Antofagasta: Peel Hunt Limited downgrades to hold with a target price of 425p. Atkins: Citigroup upgrades to neutral with a target of 1160p, from 1120p. Hays: HSBC upgrades to buy with a 155p target. IAG: Bank of America upgra
Read moreBroker tips: RBS, Croda, Sage
27th Jan 2016 10:43
(ShareCast News) - Shore Capital reiterated its 'buy' rating on Royal Bank of Scotland after the bank reported a surprise hit to its balance sheet as part of a clean-up plan. In an unscheduled trading update, RBS confirmed it would make a loss for 2015 and announced a large clean-up in the fourth qu
Read moreExane cuts Croda International to underperform
27th Jan 2016 09:15
(ShareCast News) - Exane BNP Paribas has cut Croda International from 'neutral' to 'underperform', citing tougher competition, slower growth and lower margins. The investment bank said on Wednesday that the competitive environment the chemicals company operates in has structurally changed. "Croda a
Read moreJP Morgan advises caution on European chemicals until second half
15th Jan 2016 11:50
(ShareCast News) - European chemicals companies will be hit by a wave of external factors this year, so investors should seek refuge in the form of the handful of firms that might still manage to generate profits, albeit modest ones, JP Morgan said. It was unlikely that consumer demand would help to
Read moreCroda International acquires seed enhancement business
1st Dec 2015 07:17
(ShareCast News) - Croda International has announced it will acquire Netherlands based independent seed enhancement company Incotec Group. The FTSE 250 company announced the deal in a statement on Tuesday, which is valued at €155m (£109m) inclusive of debt. Incotec develops and supplies a wide rang
Read moreLondon pre-open: Footsie to edge higher despite China PMIs
1st Dec 2015 07:15
(ShareCast News) - Stocks were expected to start the day moderately higher ahead of the release of a raft of manufacturing sector survey results from around the world. The Footsie was seen gaining up to 34 points at the start of the session from Monday's close of 6,356.09. In parallel, the Shanghai
Read moreCroda sales growth slows down, but still up on previous year
5th Nov 2015 08:28
(ShareCast News) - Croda International has seen a rise in sales for the third quarter, boosted by a number of the company's consumer facing sectors. The FTSE 250 chemical company posted a trading update for the three months to 30 September. Sales for the quarter rose by 2.3% compared to 2014, howev
Read moreLondon open: Stocks gain despite hawkish Fed remarks
21st Sep 2015 09:22
(ShareCast News) - Stocks recovered after opening in the red, despite rather hawkish comments over the weekend from at least two top-ranking officials at the US Federal Reserve. Speaking on Saturday, the president of the San Francisco Fed, John Williams, said he believes it remains appropriate to ra
Read moreCroda International appoints new chairman
21st Sep 2015 08:15
(ShareCast News) - Anita Frew has replaced Martin Flower as the chairman of Croda International, the chemical manufacturer confirmed on Monday. In March, the FTSE 250 company announced that Flower, who had chaired the group for 10 years, would step down from his role and would be succeeded by Frew,
Read moreFTSE 250 movers: Mitchells and Butlers surges on upgrade, miners lower
22nd Jul 2015 14:40
(ShareCast News) - Mid-caps edged lower on Wednesday, as gains in the construction and insurance sectors were eclipsed by weakness from technology, mining, engineering and oil stocks. As of 1600 BST, the FTSE 250 was trading 0.5% lower at 17,660. Mitchells & Butlers topped the risers after Numis ra
Read moreBroker tips: Ashtead, Tate & Lyle, Mitchells & Butlers, Croda
22nd Jul 2015 12:14
(ShareCast News) - Ashtead took a hit on Wednesday after a double downgrade by Bank of America Merrill Lynch, which cut the stock to 'underperform' from 'buy' and slashed its price target to 1,000p from 1,300p, pointing to a "triple whammy" of worrying trends. "We have become increasingly concerned
Read moreExane BNP upgrades Croda to 'neutral' on growth prospects
22nd Jul 2015 11:52
(ShareCast News) - Exane BNP Paribas upgraded Croda International to 'neutral' from 'underperform' and raised its price target to 2,950p from 2,620p, noting the shares are close to fair value and pointing to potential catalysts such as M&A or a special dividend in the second half. It said Croda has
Read moreWednesday share tips: Infosys, Zalando, Croda
22nd Jul 2015 11:08
(ShareCast News) - Infosys' Visha Sikka needs to do more, the Financial Times Lex column says, despite the chief executive producing pleasant surprises in three out of the last four quarters. Consensus forecasts for the current year have barely changed since Sikka took over, but the company's earnin
Read moreCharles Stanley upgrades Croda after first-half results
21st Jul 2015 14:58
(ShareCast News) - Charles Stanley upgraded Croda to 'hold' from 'reduce' in light of the company's improved performance and the likelihood of a capital return to shareholders, following its first-half results earlier on Tuesday. The brokerage said the figures were better than expected and a 4% beat
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