FTSE 250 movers: IG Group buffeted by currency headwinds, miners rebound
21st Jul 2015 14:07
(ShareCast News) - Mid-caps were subdued on Tuesday as strong performances from oil, insurance and technology stocks were offset by losses in the telecommunications, utilities and construction sectors. As of 14:30 BST, the FTSE 250 was trading flat at 17,790. IG Group topped the fallers after repor
Read moreLondon midday: Morgan Stanley calls time on UK-focused stocks
21st Jul 2015 12:49
(ShareCast News) - Investors were keeping their powder dry ahead of a raft of earnings reports from several US tech heavyweights due out after the close on Tuesday while pondering their next move after the bounce seen in stocks over the past fortnight. With expectations building for interest rate hi
Read moreCroda rallies as it posts jump in first-half profit
21st Jul 2015 08:12
(ShareCast News) - Shares in Croda International rallied after the company posted a 7.3% jump in pre-tax profit and said the first half of the year has been encouraging, with the recovery in underlying sales trends that began in the second half of last year continuing. For the six months ended 30 Ju
Read moreLondon midday: Stocks hold near highs as traders monitor Greek situation
10th Jul 2015 11:44
(ShareCast News) - Stocks were holding near their best levels of the day as traders waited for the Greek parliament to vote on their Prime Minister's bailout proposal and monitored the news flow to see if Germany would allow debt-relief. There was uncertainty early on Friday over how European leader
Read moreLondon open: Stocks track gains in Europe, China
10th Jul 2015 08:50
The relief rally in British stocks gathered pace after Greece made concessions to its creditors overnight in exchange for a £38.56bn (€53.5bn) rescue programme, although some analysts and government officials were cautious. As of 08:55 the Footsie was up by 51.89 points to 6,633.59. The second tier
Read moreSocGen starts Croda at 'buy'; says growth is back but valuation isn't full yet
10th Jul 2015 07:55
Societe Generale initiated coverage of Croda with a 'buy' rating and 3,050p price target. It said Croda has suffered from stagnating consumer spending in mature markets over 2012-2014, resulting in virtually no sales growth. However, since the third quarter of 2014, consumer sentiment/innovation rat
Read moreCroda International spikes on bid chatter
21st May 2015 15:09
Shares in Croda International were inflated by bid speculation on Thursday with more than 0.25m shares in the chemicals group traded in a half-hour period. Reuters reported that "multiple traders" had cited bid rumours around the company, with Germany's Evonik cited as a prime potential suitor. Fro
Read moreFTSE 250 movers: Tate & Lyle hit by downgrade, energy stocks higher
22nd Apr 2015 13:28
Shares in sugar, sweetener and food ingredients group Tate & Lyle were losing their flavour after analysts at Credit Suisse lowered their rating on the stock from 'neutral' to 'underperform'. Ladbrokes was also trading lower as the bookmaker revealed operating profits were down materially due to cus
Read moreCroda international posts strong H1 sales in healthcare
22nd Apr 2015 08:51
Sales in chemicals maker Croda International increased during the first-half of the year thanks to strong growth at its healthcare division. The group's sales were up 4% to £294.9m, with a strong dollar offsetting the weak euro against the pound. Its personal care division saw revenues rise by 1.8%
Read moreCroda 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
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