Friday preview: Cash the key for T. Clarke
12th Jan 2012 16:03
T.Clarke, the building services group, said in mid-November it was on track to meet market expectations for the full year and in Panmure Gordon's opinion it had better deliver, or face the wrath of the market. "After some disappointing updates, the company needs to start delivering again. While ma
Read moreClarke on track to meet targets
11th Nov 2011 08:40
T.Clarke, the building services group, has performed well during the period from 1 July to 10 November, while results for the full year are set to be in line with market expectations. The firm's order book has remained strong and stands at around £187m, £7m higher than in November 2010. In a sta
Read moreUPDATE: Wednesday broker round-up
21st Sep 2011 08:52
Inmarsat: Citi downgrades to hold from buy. Inmarsat: Morgan Stanley downgrades to underweight from neutral. Imperial Tobbacco: Investec retains buy. Carnival: Credit Suisse confirms neutral rating and 2,357p target. Drax: Credit Suisse cuts target from 400p to 350p, underperform rating maintain
Read moreTough times for T. Clarke
26th Aug 2011 08:46
Building services group T. Clarke took a battering on Friday morning as interim profits came in well below expectations and the company slashed its interim dividend. Underlying profit before tax in the first half of 2011 slumped to £2.2m from £3.8m the year before, well below the £2.93m predicted b
Read moreFriday preview: Marshalls, T. Clarke, UK GDP, Bernanke
25th Aug 2011 16:34
Paving slab firm Marshalls' share price fell down a crack in August, and is only 10p or so above its 52-week low. Its markets remain challenging, what with its partial dependence on the public sector, and Panmure Gordon thinks it will be a long, hard slog before the company gets back full on its fee
Read moreT. Clarke still optimistic
13th May 2011 07:34
Building services group T. Clarke said prospects for the group remain encouraging despite uncertainty and intense competition in the construction sector. The forward order book stands at £180m 30 April 2011 compared with £200m the same time a year earlier. Around £110m of which should be completed
Read moreSector movers: GKN accelerates, lifting auto sector
20th Apr 2011 13:32
The automobiles and parts sector is performing well today, lifted by engineering giant GKN which is making ground on the FTSE 100. Reports that the group's 'Driveline' division will hike production capacity has boosted the share price over 5% higher. The business allegedly will be ramping up prod
Read moreLondon close: Strong finish to tough week
18th Mar 2011 16:52
Shares went into the weekend on the front foot after a week that was overshadowed by international events. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council voted
Read moreLondon afternoon: Oil guzzlers welcome Libyan ceasefire
18th Mar 2011 14:03
The market's advance regained impetus over the lunchtime session as news came through of a ceasefire in Libya. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council
Read moreLondon midday: Shares rise after Japan intervention
18th Mar 2011 12:23
Shares are on the rise again today, helped by international financial intervention to help Japan following its catastrophic earthquake. The seven leading industrialised nations have taken concerted action to stop the rise of the Japanese yen. Monetary authorities in Japan, Europe, Britain and the U
Read moreLondon open: OfGem report prompts National Grid surge
18th Mar 2011 08:39
Buoyed by a strong performance last night on Wall Street and the recovery this morning of Tokyo, London has started the day on the front foot. Miners are pushing the blue-chip index higher, with Xstrata, African Barrick and BHP Billiton to the fore. It is power and gas grid operator National Grid
Read moreLondon pre-open: Revival to continue
18th Mar 2011 07:37
London looks set to pick up where it left off yesterday, with bargain hunters sniffing around oversold stocks. City traders predict the FTSE 100 index will open around 20 points up from last night's closing value of 5,696. Bookmaker William Hill has been granted an extension to the injunction prev
Read moreT. Clarke beats lowered expectations
18th Mar 2011 07:06
Having lowered expectations in January with a profits warning building services group T. Clarke managed to beat those downgraded expectations with its full year results. Revenue in 2010 rose to £179.0m versus £175.5m in 2009 and against market expectations of £169.0m. Profit before tax slipped to
Read moreFriday preview: Manganese Bronze, T. Clarke
17th Mar 2011 17:06
The journey of Manganese Bronze, maker of the iconic black cab, has seen more than its fair share of wrong turns but the company expects to return to the black in 2011, helped by an extension of credit terms with its major shareholder Geely Automobile, China's biggest private car-maker. Its quest f
Read moreBad weather adds to T Clarke woes
14th Jan 2011 12:29
Building services group T Clarke said profits for 2010 will be below expectations after a tough fourth quarter that was compounded by bad weather. While some construction projects have been revived, notably in London, margins across the general contracting sector remained under extreme pressure, t
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