Friday broker round-up UPDATE
1st Mar 2013 07:17
Ashtead Group: Citigroup increases target price from 487p to 590p and keeps a buy recommendation. Atkins: JP Morgan raises target price from 893p 920p, reiterating an overweight rating. Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cant
Read moreDialight profit climbs 27 per cent
25th Feb 2013 09:05
Dialight, which develops lighting technology, posted a 72.7 per cent increase in 2012 Lighting revenue, helping to boost underling pre-tax profit by 26.7 per cent. Revenue from continuing operations grew by 12.3% to £115.1m (2011: £102.5m) with Lighting segment revenue growth of 72.7% to £45.5m (2
Read moreFTSE 250 movers: SIG leaps despite 2013 forecast
10th Jan 2013 15:38
Building materials group SIG surged today despite warning that construction markets in 2013 are to 'remain challenging'. Revenues in 2012 totalled around £2,635m, flat on a constant currency basis, though down by 4.0% in sterling due to exchange rate movements. Underlying profit is expected to be
Read moreLondon midday: Stocks flat as BoE holds rates
10th Jan 2013 11:22
The Footsie was trading broadly flat on Thursday morning despite some decent trade data from China and solid debt auctions in the Eurozone, as investors kept a close eye on central bank decisions. At midday, the Bank of England announced that it has kept its official Bank Rate at 0.5% and its asset
Read moreLondon open: Stocks flat after hitting multi-year high
10th Jan 2013 08:20
The FTSE 100 opened flat on Thursday morning after hitting a near four-year high the day before, with economic data from China and well-received results from Tesco providing some support early on. The Footsie finished at 6,099 on Wednesday, its highest closing level since May 22nd 2008. Chinese tr
Read moreDialight's strong performance to continue
10th Jan 2013 07:48
Lighting, signalling and electronics group Dialight expressed confidence for a 'continued strong performance in 2013' in a trading update on Thursday morning. The firm's Lighting division grew revenues by over 70% year-on-year in 2012, with second-half sales rising by almost 80%, driven by the adop
Read moreDialight secures 0.5m-dollar contract to illuminate Gulf Coast heliports
20th Dec 2012 07:20
LED lighting technology provider Dialight has secured an order worth 0.5m dollars to illuminate offshore heliports in the Gulf Coast from an oil and gas supplier. The order is for the installation of LED fixtures on 15 offshore heliports in the Gulf of Mexico. The lighting systems will be provid
Read moreDialight completes shipment on first phase of major project
13th Dec 2012 09:30
Dialight has completed delivery of the initial phase of its one million dollar project for the Puerto Rico Aqueduct and Sewer Authority. The FTSE 250 firm has taken the first step towards the major multi-phase operation by providing LED lighting fixtures for a waste water treatment facility in Puer
Read moreFTSE 250 movers: Lonmin rises on rights issue vote
20th Nov 2012 16:37
Platinum miner Lonmin was a high riser after shareholders yesterday voted in favour of a 817m dollar rights issue to repair its balance sheet. Strong growth internationally saw home emergency repairs group HomeServe achieve a decent increase in revenue and profit in the first half despite a slight
Read moreLondon close: Stocks rebound as 'Glenstrata' deal pushed through
20th Nov 2012 16:32
- Xstrata shareholders approve merger with Glencore - Hamas official says ceasefire has been agreed - Eurogroup meeting on Greece kicks off in Brussels After a poor start on Tuesday, UK stocks rallied in afternoon trade to finish broadly flat after shareholders approved the merger between FTSE 100
Read moreLondon midday: Markets cautious ahead of Eurogroup meeting on Greece
20th Nov 2012 11:27
Following on from a 2.36 per cent surge yesterday, the FTSE 100 pulled back on Tuesday morning with concerns about the Eurozone being reignited ahead of an extraordinary Eurogroup meeting on Greece scheduled for this evening. Eurozone finance ministers are meeting today in Brussels to discuss wheth
Read moreLondon open: Stocks slip as France downgraded
20th Nov 2012 08:45
With another European nation losing its prized 'AAA' rating last night, UK stocks edged into negative territory on Tuesday morning as Eurozone concerns came back into focus ahead of an extraordinary Eurogroup meeting on Greece. Investors are losing options to safeguard their funds in the highest in
Read moreLondon pre-open: FTSE to open lower ahead of Eurogroup meeting
20th Nov 2012 07:30
City sources predict the FTSE 100 will open down 11 points from yesterday's close of 5,738, as markets rebalance following Monday's strong rebound after last week's poor performance. Investors were yesterday cheered by hopes that the US can tackle the 'fiscal cliff' and sustain economic growth ear
Read moreDialight secures major order at US power plant
20th Nov 2012 07:17
LED manufacturer Dialight has received a major order from an unnamed US power plant operator for over 1,000 LED lighting fixtures. The order, which consists of 1,050 LED Linear fixtures and 30 High Bay fixtures for use across the power plant, has a contract value of around $400,000. "Given the re
Read moreBP director tops up stake as group settles fine
19th Nov 2012 16:29
Frank Bowman, a Non-Executive Director of oil giant BP, purchased 3,600 shares in the company at 420.73p each last week. The £15,146 transaction came just one day after BP announced that it had resolved all criminal claims with the US Department of Justice in relation to the Gulf of Mexico oil spi
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