Electrocomponents focused on international growth
24th May 2012 08:25
Electronics and maintenance products distributor Electrocomponents has seen a switch-round in recent weeks with growth in the UK compensating for a levelling out in international sales. Profit before tax grew 7.0% from £114m to £122.3m in the year ended March 31st, on revenues of £1,267.4m, also u
Read moreSunday tips round-up: Zambeef, Electrocomponents, Compass
1st Apr 2012 16:04
AIM-listed Zambeef Products is perfectly positioned to benefit from Africa's growing wealth and could double profits this year.Last month, however, it received a nasty surprise when the Zambian tax authorities said it owed the equivalent of £6.7m relating to Zamanita, an edible oils business acquire
Read moreLondon midday: Stocks rise as eyes turn to Eurozone meeting
30th Mar 2012 11:42
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime The Footsie was making decent gains by Friday lunchtime, snapping a three-day losing streak, as Eurozone ministers meet in Copenhagen to discuss a potential increase i
Read moreBroker tips: ENRC, FirstGroup, Electrocomponents
30th Mar 2012 11:16
Nomura has slashed its forecasts for Eurasian Natural Resources Corp (ENRC) and says that the stock to undeservedly trading at a premium to its peers. The broker claims that ENRC's international expansion strategy has faced "significant challenges" over the last two years, even though it has spend
Read moreBroker snap: Electrocomponents still a sell, says Peel Hunt
30th Mar 2012 11:04
Peel Hunt has raised its target price for electrical components distributor Electrocomponents but maintained its sell rating on the stock, saying that the uncertain outlook does not warrant the current valuation. The broker notes that the firm's pre-close trading update was in line with estimates,
Read moreFriday broker round-up
30th Mar 2012 10:12
Cranswick: Investec lifts target to 870p and remains a buyer; Peel Hunt ups target from 750p to 800p, hold rating kept. Electrocomponents: Peel Hunt raises target from 180p to 225p but maintains sell recommendation. ENRC: Nomura slashes target from 750p to 700p and keeps reduce stance. FirstGroup
Read moreLondon open: Stocks rise ahead of Eurozone meeting
30th Mar 2012 08:33
- Footsie up before finance ministers meet - Greek PM doesn't rule out third bailout - Miners rise strongly after recent fall London's blue chips started strongly on Friday following a three-day decline for the FTSE 100, with miners leading the way tracking metals prices higher. Eyes are on the E
Read moreElectrocomponents halts the decline
30th Mar 2012 07:24
Revenue growth at electrical components seller Electrocomponents levelled out in the final two months of the group's financial year, allaying fears that a stalling growth rate would stop altogether. For the year to March 31st, the group has seen year-on-year sales growth of around 7% to more than £
Read moreFriday preview: Electrocomponents' revival may be faltering
29th Mar 2012 18:07
Having been hit by customers running down inventories during the credit crunch, electronic components distributor Electrocomponents made up for lost time once confidence started returning to markets, but there have been signs this year that the revival may be coming to an end. Revenues grew 4% in t
Read moreMonday broker round-up - UPDATE
19th Mar 2012 09:37
Antofagasta: Exane BNP Paribas upgrades from neutral to outperform, target lifted from 1,200p to 1,450p; Nomura cuts target to 1,500p from 1,650p, buy rating unchanged. AstraZeneca: Goldman Sachs cuts target from 3,350p to 3,306p, neutral rating kept. Barclays: UBS raises target from 240p to 272p,
Read moreTuesday tips round-up: Standard Life and Electrocomponents
7th Feb 2012 06:59
In the Times, Tempus argues the bull case for banking group Standard Life. Like many financials it's had a tricky few months but has been rising since the autumn of 2011. The new automatic enrolment pension requirements and a potential ban on commissions for independent financial advisers puts Sta
Read moreLondon close: Footsie breaks 5,900 as US jobs data excites
3rd Feb 2012 16:58
The much-anticipated January employment report from the US Labor Department didn't disappoint, with a better-than-expected increase in non-farm payrolls sending the FTSE 100 vertical in afternoon trading to break through the 5,900 level. The world's largest economy created 243,000 new jobs last mon
Read moreFTSE 250 movers: Bumi lands on its derriere
3rd Feb 2012 13:48
Bumi, the Indonesian coal miner, hit a bum note with shareholders who have demanded a meeting to request a meeting to persuade their fellow shareholders to boot out co-Chairman Nathaniel Rothschild along with a number of other members of the board. Specialist bank and asset manager Investec fell a
Read moreLondon midday: Admiral leads the rise ahead of US data
3rd Feb 2012 12:03
Stocks were up at the day's best levels by lunchtime following a subdued start, with insurance outfit Admiral leading the charge. Miners on the other hand, are providing a drag, pulling back from their strong showing yesterday on the back of heightened M&A speculation in the sector. Markets were gi
Read moreFriday broker round-up - UPDATE
3rd Feb 2012 09:09
Royal Bank of Scotland: Deutsche Bank downgrades to hold from buy. BT Group: Nomura reiterates buy recommendation and 285p target. AstraZeneca: Nomura keeps reduce rating and 2,400p target. GlaxoSmithKline: Nomura reiterates neutral rating and 1,220p target. Royal Dutch Shell B: Nomura raises ta
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