Jefferies expects earnings downgrades at Diploma
24th Mar 2014 10:47
Jefferies has retained its 'buy' rating for technical product firm Diploma but warned that currency headwinds will likely result in mid-single digit downgrades to earnings estimates for this year. Diploma, which operates through its Life Sciences, Seals and Controls divisions, said on Monday that u
Read moreLondon open: Ukraine, China fears weigh on stocks
24th Mar 2014 08:24
- Reports of increased Russian presence near Ukraine border - Chinese manufacturing PMI falls - Standard Life in talks with Phoenix over Ignis - Kentz, Centamin rise after results techMARK 2,779.91 -0.39% FTSE 100 6,549.85 -0.11% FTSE 250 16,173.87 +0.09% UK stocks opened in the red on Monday as r
Read moreDiploma lifts half -year revenue, strong pound to hurt final results
24th Mar 2014 07:18
- Solid increase in half-year revenue - Adversely affected by appreciation of sterling - Full-year expected to be at similar levels than last year Technical products and services provider Diploma said revenue for the half-year is expected to increase by seven per cent from the year earlier but it w
Read moreDiploma lifts first-quarter revenue
15th Jan 2014 07:21
- Improved first-quarter revenue - Adversely impacted by appreciation of sterling - Operating margins unchanged FTSE-250 group Diploma revealed improved first-quarter revenue but cautioned that overseas progress was hurt by the strengthening pound. The technical products supplier and services prov
Read moreTuesday broker round-up UPDATE
26th Nov 2013 08:18
BBA Aviation: Goldman Sachs shifts target price from 420p to 425p and reiterates a buy recommendation. BTG: Numis raises target price from 350p to 440p upgrading from reduce to hold. Cambria Automobiles: Panmure Gordon starts with a target price of 61p and a buy recommendation. Daily Mail & Gener
Read moreDiploma directors sell post-exercise, Alent stakeholder continues to stock up
22nd Nov 2013 16:08
Three Diploma directors have all disposed of a number of performance related shares post-exercise. The shares, which vested at the end of September, were sold at 676p each. Chief Executive Officer Bruce Thompson traded in 110,000, earning £743,600, Chief Operating Officer Iain Henderson sold 30,0
Read moreMonday broker round-up UPDATE
18th Nov 2013 08:10
AGA Rangemaster: N+1 Singer raises its target price from 150p to 175p and keeps a buy recommendation. APR Energy: Jefferies cuts target price from 1300p to 1260p retaining a buy recommendation. Atkins (WS): LIberum Capital increases target price from 1300p to 1400p maintaining a buy recommendation
Read moreThursday broker round-up UPDATE
26th Sep 2013 08:22
African Barrick Gold: Deutsche Bank ups target price from 137p to 145p and maintains a hold recommendation. African Minerals: Macquarie reduces target price from 307p to 280p and reiterates an outperform rating. Deutsche Bank cuts target price from 450p to 423p, while its buy recommendation is kept
Read moreDiploma eyes improved full-year revenue
26th Sep 2013 07:25
Technical products and services provider Diploma said it expects revenues for the year to be 10 per cent higher than last year after a strong performance from Life Sciences and improving underlying growth in Seals. The FTSE 250 group, which makes technical products ranging from hydraulic seals to e
Read moreDiploma directors sell shares post exercise
15th May 2013 16:19
Three directors at Diploma have exercised options over shares which previous vested under the company's long term incentive plan. Bruce Thompson, the company's Chief Executive Officer, traded in 214,613 shares at 572p each for a total of £1.2m, taking his holding in the company 1.04m. Group Fina
Read moreTuesday broker round-up UPDATE
14th May 2013 08:04
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read moreDiploma confident despite challenging environment
13th May 2013 08:53
Specialised technical products and services provider Diploma delivered increased earnings and said it is confident of progress in the second half despite persistently subdued European markets. Pre-tax profit rose to £23.8m for the six months ended March 31st 2013 from £23.3m a year earlier while re
Read moreTuesday tips round-up: Kentz Corp., Diploma
26th Mar 2013 06:50
Oil and gas engineering services group Kentz Corporation is on a solid foothold to expand. The latest figures from the company show that its backlog of orrders as of the end of February stood at 2.73bn dollars, up from 2.57bn dollars at the end of 2012. Given that the firm´s annual revenues are a ra
Read moreDiploma warns on tough European markets
25th Mar 2013 07:20
Specialist technical products and services provider Diploma said overall trading continues to be in line with company expectations despite the challenging macroeconomic backdrop, particularly in Europe. The FTSE 250 group said revenues are expected to be around 10% higher than the same time last y
Read moreLondon close: Barclays leads stocks higher as risk appetite increases
12th Feb 2013 17:00
Strong gains in the banking sector helped push the FTSE 100 one per cent higher on Tuesday afternoon, as markets welcomed news of a turnaround plan at UK lender Barclays. "European stock markets picked up some pace in Tuesday's session as traders upped their exposure to risk following recent weakne
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