London pre-open: Stocks seen tough higher; UK manufacturing and production data eyed
9th Mar 2016 07:17
(ShareCast News) - London stocks are expected to open a little higher on Wednesday as investors shrug off negative sessions in the US and Asia. The FTSE 100 is seen starting 10 points higher than Tuesday's close at 6,135. On the data front, UK industrial production and manufacturing production figu
Read moreDiploma sales remain resilient but currencies soften up margins
20th Jan 2016 08:26
(ShareCast News) - Diploma's revenues were up 6% in the first quarter due to strong currency headwinds but profit margins were weaker than the same period last year due to weakening of the Canadian and Australian dollars. The depreciation of these two currencies against their US counterpart squeezed
Read moreMonday broker round-up
16th Nov 2015 08:56
(ShareCast News) - Halfords Group: Berenberg Bank upgrades to hold, reduces target price to 375.00p. Restaurant Group: Nomura upgrades to neutral, cuts target price to 635.00p. Poundland Group: Peel Hunt Limited initiates new coverage with a buy, sets target price at 400.00p. Diploma: Peel Hunt Li
Read moreDiploma delivers in face of currency headwinds
16th Nov 2015 07:36
(ShareCast News) - Technical instruments-to-wiring maker Diploma reported a 4% jump in full year pre-tax profits to £51.8m although the weaker Australian and Canadian dollars impacted on results. Revenues were up 9% to £333.8m, while free cash flow rose 7% to £40.3m. Weaker industrial markets in th
Read moreThursday broker round-up
12th Nov 2015 09:36
(ShareCast News) - Wood Group (john): Exane BNP Paribas downgrades to neutral. Target price: 600.00p. Man Group: RBC Capital Markets downgrades to sector perform, cuts target price to 170.00p. Bba Aviation: Jefferies reiterates to buy, bumps down target price to 280.00p. Diploma: Jefferies reitera
Read moreDiploma appoints new non-exec director
8th Sep 2015 08:18
(ShareCast News) - Anne Thorburn has been named as non-executive director of Diploma, the specialised technical products supplier said on Tuesday. Thorburn, who is currently serving as chief financial officer at Exova Group and previously served as group finance director at British Polythene Industr
Read moreFTSE 250 movers: Halfords punctured after trading update
2nd Sep 2015 13:34
(ShareCast News) - The FTSE 250 was down slightly, with the index of mid-cap shares down 16.3 points, or 0.10% at 16,813. Halfords shares were punctured on news that after it said cycling sales fell 11% in the eight weeks to 28 August and are likely to be below current expectations for the quarte
Read moreOil slowdown hits Diploma revenue growth
2nd Sep 2015 07:51
(ShareCast News) - The oil and gas industry slowdown has hit revenue growth at technical services firm Diploma, but said it expected revenues for the year to 30 September to be 9% higher. The company also announced that chief operating officer Iain Henderson will step down in January 2016. In a tra
Read moreLondon pre-open: Stocks to edge higher as Asia pares losses
2nd Sep 2015 07:26
(ShareCast News) - London's FTSE 100 is being called to open higher on Wednesday as Asian shares pare losses into the close. City sources expect the index to open up 24 points at 6083. On the economic front, investors will eye the release of UK construction PMI at 0930 BST, while in the US, the ADP
Read moreFTSE 250 movers: Spirax-Sarco dips on sluggish order growth, Zoopla reverses
11th May 2015 13:33
Life sciences, seals and controls outfit Diploma topped the fallers after disappointing investors with a cautious outlook, saying it still sees "headwinds to organic growth". Numis Securities lowered its rating on the stock to 'hold' from 'add', saying it was looking "for a better entry point into t
Read moreLondon midday: Miners rise on Chinese easing, but Greek concerns limit gains
11th May 2015 12:13
UK stocks rose on Monday with miners leading the way following a rate cut in China, though upside was limited on the back of continuing concerns about Greece. After a 2.3% surge on Friday following the Conservative election victory, the FTSE 100 was up a further 0.16% at 7,058.01 by midday, though i
Read moreBroker tips: Aberdeen, Centrica, Diploma
11th May 2015 11:11
Aberdeen Asset Management shares were hit by a downgrade at Societe Generale on Monday from 'buy' to 'hold' on the back of weaker fund flows in the first half. The bank has lowered its earnings per share (EPS) estimates for 2015 and 2016 by 4-6% and cut its target price from 490p to 485p. While SocG
Read moreNumis downgrades Diploma on cautious outlook
11th May 2015 09:54
Shares in technical products group Diploma were trading in the red on Monday after the company cautioned about headwinds to organic growth, prompting Numis Securities to lower its rating on the stock from 'add' to 'hold'. The broker it was shifting its stance following Diploma's recent strong share-
Read moreLondon open: Miners lead stocks higher after China rate cut
11th May 2015 09:14
UK stocks extended gains on Monday with the Footsie once again nearing record highs, as mining stocks reacted positively to another rate cut in China. After surging 2.3% on Friday in the aftermath of the Conservative's election victory, the FTSE 100 was up a further 0.37% on Monday morning at 7,073.
Read moreAcquisitions boost sales at Diploma, but organic growth facing "headwinds"
11th May 2015 07:45
Diploma, the FTSE 250 technical products group, said acquisitions drove a solid increase in interim revenues, but warned investors it still sees "headwinds to organic growth". The life sciences, seals and controls outfit increased revenues by 10% year-on-year to £163.2m in the six months to 31 March
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