Dialight jumps on first cellphone tower system sale
1st Aug 2013 12:37
LED lighting specialist Dialight has pleased investors with the announcement of a first sale of its mobile phone mast monitoring and lighting system. The FTSE 250 group said the initial order, which was from a major operator in North America, was valued at just less than $1m but boded well for the
Read moreLondon close: Markets finish lower, earnings in focus this week
22nd Jul 2013 16:38
The FTSE 100 finished slightly lower on Monday as upcoming corporate earnings came into focus on a quiet day for economic data worldwide. Michael Hewson, Senior Market Analyst at CMC Markets, said: "With markets trading at multi-week highs investors appear to be adopting a 'wait and see' approach a
Read moreFTSE 250 movers: Essar shines after Citi upgrade
22nd Jul 2013 14:48
India-focused energy group Essar Energy was the best performing stock on the FTSE 250 on Monday after Citigroup upgraded its rating to 'buy', saying it was well placed to benefit from changes to the energy industry in India. "After years of constraints, India now looks to be picking up the pace of
Read moreLondon open: Stocks fall ahead of busy week for earnings
22nd Jul 2013 08:23
The FTSE 100 opened slightly lower on Monday morning as investors turned cautious ahead of a busy week for corporate earnings across the globe. Markets are in for a "bumpy ride" this week with nearly a third of S&P 500 companies set to report their quarterly earnings, according to Financial Sales T
Read moreLondon pre-open: Markets expected to rise after Japanese elections
22nd Jul 2013 07:28
Markets are expected to open with small gains on Monday after a resounding victory for Shinzo Abe in the Japanese general elections. City sources predict the FTSE 100 will open up around eight points from yesterday's close of 6,631. Markets in Asia were trading broadly higher overnight after Abe's
Read moreDialight's profits decline as sales of obstruction signals fall
22nd Jul 2013 07:01
Lighting company Dialight reported a drop in underlying operating profit for the first half, reflecting the repositioning of its obstruction signals business. The group said profit fell to £5.5m from £8.2m in 2012, as sales of obstruction signals declined by 40%. Underlying earnings per share slid
Read moreFriday broker round-up UPDATE
5th Jul 2013 08:09
African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re
Read moreLondon close: Greece rumours spark late sell-off
12th Jun 2013 17:02
Equities dropped into the red for a third consecutive day on Wednesday with renewed political tension in Greece sparked another bout of market volatility. The FTSE 100 finished down 41 points at 6,299, the first time that it has closed below the 6,300 mark since April 22nd. London's benchmark inde
Read moreFTSE 250 movers: Heritage Oil jumps as product ramps back up
12th Jun 2013 15:19
The share price of FTSE 250 upstream exploration and production firm Heritage Oil surged on Wednesday after the company said that production at its OML 30 licence in Nigeria is back at normal levels. Output has now returned to rates of over 35,000 barrels of oil per day (bopd) after falling to just
Read moreLondon close: FTSE 100 down one per cent as volatility continues
11th Jun 2013 16:41
Rising government bond yields, falling commodity prices and an underwhelming statement from the Bank of Japan (BoJ) saw some heavy falls on equity markets on Tuesday. The FTSE 100 closed down 60 points at 6,340, but finished well off its intraday low of 6,283 as US bond yields pared earlier gains.
Read moreFTSE 250 movers: Ocado up as rumours escalate; Dialight drops
11th Jun 2013 15:10
Online grocer Ocado was extending its recent gains on Tuesday, continuing to set new all-time highs, as speculation over potential contracts and M&A activity continue to do the rounds. The stock has rocketed since the start of the year after the company signed a deal with Morrison to help the superm
Read moreLondon midday: Financials, miners pull FTSE 100 to seven-week low
11th Jun 2013 11:23
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low. The FTSE 100 was trading around the 6,300 markby midday, the first time it has fallen to this level s
Read moreLondon open: Stocks fall as ECB gets ready to defend bond-buying plan
11th Jun 2013 08:36
Markets opened firmly in the red on Tuesday morning as traders awaited a courtroom battle in which the European Central Bank (ECB) is expected to defend its bond-buying programme. The two-day hearing into the legality of the ECB's Outright Monetary Transactions programme begins today in the German
Read moreLower signal sales, extra costs to weigh on Dialight
11th Jun 2013 07:49
Dialight warned that first half profit will be adversely affected by weaker sales in the Signals segment and additional costs from the planned extra sales in the Lighting segment but it reassured that full year results remains broadly in line with forecasts. The lighting, signalling and electronics
Read moreDialight expands into Brazil through joint venture
25th Apr 2013 08:36
FTSE 250-listed lighting provider Dialight has reported that it has established Dialight Brasil Participacoes(Dialight Brasil), a joint venture with Laércio Pereira. The group, which already operates in the UK, US, Denmark, Germany and Mexico, reported that Dialight Brasil would be responsible fo
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