UPDATE: Thursday broker round-up
13th Oct 2011 09:42
Logica: RBS raises target from 110p to 115p and keeps buy rating. F&C Asset Management: RBS cuts target from 72p to 65p, hold rating maintained. Henderson: RBS scales back target from 183p to 170p, but keeps buy recommendation. Anglo American: Credit Suisse maintains neutral rating and 3,500p tar
Read moreTuesday tips round-up: e2v, Workspace, DS Smith...
7th Jun 2011 06:43
e2v technologies is a maker of specialist technology for high-performance systems that was spun out of the old Marconi business by its management when Marconi collapsed in 2002. It is one of the Tempus tips for 2011, and one of the best-performing. The shares were tipped at 91p on January 1; they
Read moree2v sees FY ahead of forecasts
11th Apr 2011 08:08
Electrical component supplier e2v said trading for the fiscal year 2011 is expected to be ahead of market expectations as it plans to resume dividend payments earlier than previously planned. e2v, whose imaging sensors equip the cameras onboard NASA's Messenger, said revenue for the year to 31 Mar
Read moreTechMARK movers: Torotrak continues to rise
4th Mar 2011 12:31
Shares in Torotrak continue their rise this week following the announcement of one of its prototype transmissions being used in a Tata Pixel concept car. The share price has risen by 45.7%. The BT Pension Scheme has edged up its stake in e2v Technologies to just above 9%. Two small share sale
Read moreNational Grid boss buys more shares
2nd Feb 2011 17:27
National Grid's chairman Sir John Parker today spent nearly £110,000 building up his stake in the power and gas grid operator. He bought 20,000 shares at 549.5p a time and now has 134,712. National Grid said that its operating profit is "significantly ahead of last year" in its trading statement f
Read moreRound-up: Avocet, E2V, Hasgrove
31st Jan 2011 12:57
Gold miner Avocet's gold production increased again in the quarter to December to 70,857oz at a cash cost of US$641 per ounce. Gold production for the year totalled 236,396 ounces at a cash cost of US$660 per ounce compared to 109,548 ounces at US$639 per ounce in the 12 months ended December 2009
Read moreTechMARK movers: Antisoma drug shock
31st Jan 2011 12:26
Antisoma has lost nearly two-thirds of its value after its phase III trial for the AS1413 treatment for secondary acute myeloid leukaemia showed the drug to be ineffective. The data published from the trial shows that the drug is no better than the current standard and the drug is being dropped.
Read moreDividends back on the agenda at e2v
20th Jan 2011 14:43
Electronic components supplier e2v technologies says that the decision whether or not to pay a dividend is back in its own hands. Negotiations with its banks have resulted in an agreement to change the financial covenants on its bank facilities. This means that the covenants will no longer block a
Read moreTechMARK movers: Spectris continues rise
15th Nov 2010 14:26
Instrumentation and controls supplier Spectris continues to rise after Friday's upgrade of full year guidance. Revenues for the four months ended October 2010 increased by 21% from a year earlier. On a like-for-like basis revenues were 16% higher than the comparable period last year. Assuming cu
Read moreSmall caps round-up: E2V, Interserve, London Mining...
15th Nov 2010 11:15
Electronic component maker e2v had a strong first half and expects to trade at a similar run rate over the next six months given its current order book. Profit before tax for the six months ended 30 September leapt to £10.1m from £2.6m in 2009 on revenue up 10% to £105.4m. Excluding a 'one-off' ben
Read moreLondon close: Footsie limps higher
11th Oct 2010 16:38
Footsie closed just a few points higher Monday after a sluggish day's trading that saw the leading share index fluctuating in a narrow range just above the zero mark. Oil services group Petrofac firmed on the back of a lucrative contract win. The government of Sharjah has appointed the company t
Read moreTechMARK movers: Recovery continues at e2v
11th Oct 2010 16:07
Electronic components supplier e2v Technologies says that its figures for the year to March 2011 will be ahead of expectations. First half trading was significantly ahead of the same time last year thanks to overdue orders following industrial action. Underlying revenues were maintained. Radiother
Read moreLondon afternoon: Stocks tread water
11th Oct 2010 14:34
The blue-chip index trod water over the lunchtime session with the majority of leading stocks consolidating the morning's gains. Oil services group Petrofac is firmer on the back of a lucrative contract win. The government of Sharjah has appointed the company to take over operational responsibilit
Read moreLondon midday: Footsie crawls higher
11th Oct 2010 12:06
Footsie traded in a narrow range throughout the morning session and started the afternoon in marginally in positive territory, boosted by expectations of a moderately firm opening on Wall Street. Oil services group Petrofac is leading the market's far from vigorous advance. The government of Sharja
Read moreLondon open: Bright start fizzles out
11th Oct 2010 08:46
Early gains for Footsie have quickly fizzled out and the index is almost back where it started. Builders merchant and Wickes' owner Travis Perkins is on track as sales improved again in the third quarter. Turnover for the nine months to end of September rose 6%, driven by the merchants businesses a
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