London open: Central bank hopes drive gains early on
30th Jul 2012 08:26
- Leaders have 'no time to lose', says Juncker - Markets await ECB decision on Thursday - QE3 hopes drive gains UK stocks rose in early trading on Monday on the back of hopes that the European Central Bank (ECB) will act this week to stem the Eurozone crisis. Eurogroup head Jean-Claude Juncker sai
Read moreDiploma lifts third quarter revenue
30th Jul 2012 07:15
Specialised technical products and services provider Diploma said revenues increased 13 per cent from the previous year and quarter following contributions from acquisitions and after strong demand at its North American Seal businesses. The group, which supplies specialised technical products and s
Read moreSales growth slows at Diploma
14th May 2012 07:58
The seals business in North America was the star performer in the first half of the fiscal year of specialised technical products and services provider Diploma, but the group's top-line growth eased off in the second quarter. Revenue in the six months ended March 31st rose 13% to £127.1m from £112.
Read moreFTSE 250 movers: Record gas discovery boosts Ophir into top spot
26th Mar 2012 13:19
Shares in the African energy firm Ophir leapt over 18 per cent on Monday after it announced a record gas discovery off the coast of Tanzania. The firm said the 4.5tr cubic feet (TCF) of gas discovery at its Jodari-1 well, exceeded pre-drill estimates by 55%. EazyJet was also on the up after Prime
Read moreBroker tips: Aberdeen, Diploma, easyJet
26th Mar 2012 11:35
Peel Hunt has upgraded its rating for Aberdeen Asset Management from hold to buy following this morning's well-received pre-close trading update. "Aberdeen's AuM has risen sharply over the last two months, benefiting from the recovery in equity markets. Demand remains high for the group's products
Read moreBroker snap: Jefferies expects consensus upgrades for Diploma
26th Mar 2012 11:20
Jefferies has reiterated its buy recommendation and 485p target price for seals and cylinders maker Diploma after an upbeat interim pre-close trading update this morning. The group said that revenues in the first half of its financial year are expected to be 12% ahead of the comparable period of 20
Read moreMonday broker round-up - UPDATE
26th Mar 2012 09:24
Aberdeen Asset Management: Peel Hunt upgrades from hold to buy, target left at 280p. Aggreko: Peel Hunt retains hold rating and 2,200p target. Amlin: Nomura downgrades from buy to neutral, target left at 383p. Anite: Peel Hunt raises target from 150p to 165p, buy rating kept. BBA Aviation: Jeffe
Read moreLondon open: Eurozone worries hold back stocks
26th Mar 2012 08:30
- European markets cautious, Spanish index drops - Germany may back an increased firewall - Abderdeen advances after pre-close trading update Stocks edged higher on Monday morning, but gains were only moderate as concerns over Europe weighed on sentiment. The STOXX Europe 600 Index lost a total o
Read moreDiploma raises guidance
26th Mar 2012 08:28
The seals and cylinders maker Diploma has raised sales and profits guidance after a good showing from a strongly performing Seals division. The company says revenues in the first half of its financial year are expected to be 12% ahead of the comparable period of 2011, after stripping out acquisitio
Read moreThursday broker round-up - UPDATE
8th Mar 2012 09:31
Admiral: Nomura raises target from 1,100p to 1,300p, buy rating kept; Collins Stewart ups target from 975p to 1,110p, hold rating kept; Credit Suisse reiterates outperform rating and 1,300p. Afren: UBS raises target from 140p to 150p, buy rating maintained. Amlin: Jefferies raises target from 317p
Read moreDiploma's COO sells off shares
20th Feb 2012 15:51
Shares in Diploma, the specialised technical products and services provider, are trading just 30p off their all-time high hit at the end of January, so it was not a bad time for Iain Henderson, the Chief Operating Officer, to reduce his holding in the company, Henderson pared his stake in the firm
Read moreFTSE 250 movers: Shanks surges to the top spot
2nd Feb 2012 15:00
Shares of waste management firm Shanks rose to pole position. The Daily Mail is reporting on speculation that a cash-rich private equity player, "possibly old foe Carlyle", could be ready to launch a full-scale offer for the company at up to 140p per share. This compares with yesterday's close of 99
Read moreThursday broker round-up
2nd Feb 2012 09:15
AstraZeneca: Panmure Gordon maintains buy rating and 3,600p target. Imperial Tobacco: Nomura upgrades from reduce to neutral, 2,150p target unchanged. Compass Group: Panmure Gordon maintains buy rating and 675p target. Smith & Nephew: Panmure Gordon reiterates buy stance and 640p target. Unileve
Read moreDiploma group revenue up 16%
18th Jan 2012 07:43
Diploma, a specialised technical products and services provider, has reported group revenue 16% ahead of the comparable period last year, while group operating margins remained at similar levels to last year, for the period October 1st to date. On an underlying basis, after adjusting for currency
Read moreDiploma seals two deals
13th Dec 2011 15:55
Diploma, the specialised technical products and services provider, is to buy a US provider of rubber moulded and machined parts. Diploma is paying a maximum of £11.8m in cash for J Royal from the current owners, who will stay on to run the business in their current roles. The business will fit into
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