FTSE 250 movers: Laird leaps on rising revenues
26th Jul 2012 15:13
Cash is pouring in at technology group Laird as revenues pick up, as the company saw strong demand in the second quarter from the information technology and automotive markets, pushing shares into top spot on the second tier index. Meanwhile, bank note printer De La Rue appears said orders in its
Read moreDe la Rue's currency orders slide
26th Jul 2012 11:51
Bank note printer De La Rue appears said orders in its Currency division have been below expectations since the beginning of April. The decline in orders during the three months from April 1st was the result of delays in receipt of orders and the more challenging market conditions for bank note pa
Read moreLondon close: Stocks rally after strong start in US
29th May 2012 16:29
-US markets provide a lift after long weekend -Chinese optimism lifts resource stocks -Greggs celebrates pasty tax U-turn With US stocks starting on the front foot following a long weekend, London's blue-chip equities were given a boost helping the Footsie to rally in afternoon trade. Investors St
Read moreFTSE 250 movers: Greggs leaps on pasty-gate reversal
29th May 2012 15:15
Bakery chain Greggs soared after it was announced that the government is to back down on plans to introduce VAT on hot savouries. Canaccord Genuity upgraded the stock from hold to buy this morning, saying that the 'pasty-gate' u-turn removes "significant financial and strategic risk for Greggs". B
Read moreLondon midday: Gains erased as Spain dents sentiment
29th May 2012 11:37
- Spanish concerns weigh on European markets - Earlier optimism surrounding China outweighed by euro worries - Banks slip into the red, miners trim gains Miners had pared their gains by Tuesday lunchtime, meaning that the Footsie had slipped back to where it had started, as Eurozone concerns outwei
Read moreDe La Rue beats expectations, turnaround costs rise
29th May 2012 07:30
Bank note printer De La Rue has reported revenues well ahead of expectations but cautions its current improvement plan is set to cost more than originally anticipated. Revenue for the group, which produces currencies for over 150 countries, was £528.3m, against a consensus forecast of £507m. That
Read moreDe La Rue trading well
27th Jan 2012 07:40
Banknote and security printer De La Rue has traded in line with expectations for the second half of the financial year, the firm said. The Currency division has continued the good progress of the first half with improved volumes and revenues. Order intake and enquiries remain good and consistent
Read moreFTSE 250 Movers: Thomas Cook is ready for take-off
28th Nov 2011 14:48
Shares in troubled tour-operator Thomas Cook shot up on Monday morning in reaction to news issued late on Friday that the cash-strapped firm has reached an agreement with its bankers to provide the company with a new lending facility. Shares were up nearly 50% in the first half-hour of trading to 2
Read moreTuesday broker round-up - UPDATE
22nd Nov 2011 09:34
British Land: Bank of America-Merrill Lynch upgrades to buy from neutral. Centrica: Goldman Sachs keeps at Conviction Buy. Smith&Nephew: Citi cuts target to 492p from 507p, keeps at sell. Smith&Nephew: Citi reiterates neutral. Thomas Cook: Evolution Securities downgrades from neutral to sell, t
Read moreDe La Rue sees profits up but shares down
22nd Nov 2011 09:13
De La Rue, the banknote and security printer, is trying to fight its way back to health after a disastrous 2010 which saw its reputation battered by a certification scandal. The Basingstoke headquartered firm has seen revenues rise to £238.1m in the six months to the 24th of September compared to t
Read moreFriday broker round-up - UPDATE
18th Nov 2011 09:42
Pennon: Deutsche Bank upgrades to buy from hold. Capita: Peel Hunt reiterates buy and 850p target. Capita: Investec slashes target to 630p from 725p, hold maintained. Chemring: finnCap downgrades from buy to hold, target slashes from 780p to 480p. ICAP: UBS cuts target from 380p to 328p, sell ra
Read moreTuesday tips round-up:Hunting, De La Rue, Anglo Pacific
1st Nov 2011 06:39
"Hunting continued its strategy of expanding its offering through acquisitions yesterday, with the takeover of Specialty Supply. The oil services firm agreed to buy the Texas-based maker of precision-machined drilling parts for a cool $31m," writes The Independent. The deal is the latest in a series
Read moreFriday newspaper round-up: Vodafone, global slump risk, BP
29th Jul 2011 06:05
Vodafone will pay a £2bn special dividend next year after its patience in hanging on to a minority stake in America's biggest mobile network paid off. The British company, which owns a 45 per cent stake in Verizon Wireless, will receive £2.8bn in dividend payments after Verizon Communications, the m
Read moreFriday newspaper round-up: Eurozone, Scottish Power, Olympic McDonalds
22nd Jul 2011 06:03
Eurozone leaders pulled the single currency back from the brink of disaster last night as they agreed a second plan to bail out Greece and ambitious proposals to overhaul the embattled euro area. Markets rallied as the 17 leaders hammered out an agreement that economists said marked a step forward i
Read moreFTSE 250 movers: Halfords, Colt results disappoint
21st Jul 2011 15:41
A decline in revenue recorded by communications and information technology firm Colt and car parts and bike retailer Halfords disappointed investors but failed to sway the mid-cap stock index lower. Colt announced a 3.5% reduction in revenues in the first half of the year, mainly driven by a decli
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