Electrocomponents warns on profits
28th Sep 2012 10:04
Electronics and maintenance products distributor Electrocomponents has warned that full year profits are likely to be lower than the market is expecting after a disappointing first half performance. The consensus forecasts for full year headline profit before tax range from £110m to £120m, and Elec
Read moreLondon open: Cautious advance on big day for macro-data
28th Sep 2012 09:05
Leading shares are firmer on balance, helped by consumer confidence data that was not as bad as feared. Consultancy GfK´s consumer confidence gauge for the month of September rose by 1 point in September, to -28. The consensus estimate was for a retreat to -30. The increase in the index comes aft
Read moreTuesday broker round-up
21st Aug 2012 08:18
African Barrick Gold: Canaccord Genuity cuts target from 440p to 380p, hold rating kept. Amlin: Morgan Stanley keeps overweight and 414p target. Chemring: Citigroup downgrades to neutral, target lifted from 360p to 430p. CRH: Bernstein cuts target from 1,264p to 1,179p. Electrocomponents: Jeffer
Read moreLondon close: Global stocks surge as China concerns ease
13th Jul 2012 16:38
- Stocks surge on Chinese data - JPMorgan reports profit despite big trading loss - Moody's downgrades Italian credit rating Better-than-expected growth data from China and well-taken quarterly results from JPMorgan Chase & Co sent global stock markets soaring on Friday, as investors shrugged off a
Read moreFTSE 250 movers: Electrocomponents rises after table quarter
13th Jul 2012 13:28
Electronics and maintenance products distributor Electrocomponents was higher after saying that sales in the three months to the end of June were at a similar level to the previous financial year. Avocet Mining was also heading higher as metals prices firmed on the improved outlook for China. Boo
Read moreLondon midday: Markets shrug off Italian downgrade after Chinese GDP
13th Jul 2012 11:21
- Chinese GDP beats forecasts - Moody's downgrades Italian rating - US stock futures edge higher on China European markets were trading broadly higher and US stock futures were pointing to a positive start by Friday lunchtime after Chinese economic growth data came in better than expectations. Chi
Read moreFriday broker round-up
13th Jul 2012 09:11
Aegis: Exane BNP Paribas downgrades to neutral, target upped from 220p to 240p; UBS downgrades to neutral, target upped from 195p to 240p; HSBC downgrades to underweight, target upped from 180p to 240p. Anglo American: Liberum Capital downgrades to hold. Ashmore: Singer Capital Markets downgrades
Read moreLondon open: Chinese data provides a lift early on
13th Jul 2012 08:20
- Chinese GDP beats forecasts - Moody's downgrades Italy - Mining stocks gain on improved demand outlook Burberry and the miners were performing well on Friday morning after growth data from China came in above expectations, easing concerns about a 'hard landing' for the world's second-largest econ
Read moreLondon pre-open: Chinese GDP boosts FTSE
13th Jul 2012 07:38
City sources predict the FTSE 100 will open up 28 points from yesterday's close of 5,608, gaining recently lost ground after China's latest GDP figure came in above expectations at 7.6 per cent (Q1: 8.1), pleasing investors despite the decline. Latin America continues to be the engine of growth at
Read moreRevenues flat at Electrocomponents
13th Jul 2012 07:27
It is a case of more of the same in the new financial year for Electrocomponents, with UK sales continuing to bounce back while International sales decline. The electronics and maintenance products distributor said sales in the three months to the end of June were at a similar level to the previous
Read moreFriday preview: Economic slowdown to weigh on Electrocomponents
12th Jul 2012 18:16
Electronics and maintenance products distributor Electrocomponents holds its annual general meeting (AGM) on Friday, and shareholders will be hoping that the recent revival in fortunes has continued. Back in May, the group said there had been a switch-round in recent weeks with growth in the UK com
Read moreElectrocomponents directors ditch shares awarded in bonus plan
4th Jul 2012 16:31
The Chief Executive Officer (CEO) of FTSE 250 electronics and maintenance products distributor Electrocomponents has, alongside the group's Finance Director, sold off a number of shares awarded under the company's deferred bonus plan. CEO Ian Mason earned himself £100,554 after selling 48,460 at 2
Read moreTracsis tech officer ditches shares
6th Jun 2012 15:54
Raymond Kwan, the Chief Technical Officer of Tracsis ditched 750,000 shares on the same day the firm announced that it considers it likely that the company will exceed current market expectations for the year ended July 31st 2012. Tracsis is a developer, supplier and aggregator of resource optimis
Read moreFriday broker round-up -UPDATE
25th May 2012 09:16
Aggreko: HSBC upgrades from neutral to overweight. Bumi: Nomura slashes target to 860p from 1,000p, stays at neutral. British Petroleum: Credit Suisse retains outperform, cuts target to 540p from 550p. ARM Holdings: UBS upgrades from neutral to buy, target lifted from 620p to 630p. BAE Systems
Read moreFriday tips round-up: Facebook, Electrocomponents, Young and Co.
25th May 2012 07:02
The Telegraph's Questor writer, Garry White, has taken to video presentations, arguing against anyone buying Facebook, slamming the listing on Nasdaq and telling everyone to buy Apple if they want a tech stock. No written recommendation at our time of writing. Tempus in the Times looks at Electroco
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