London midday: Footsie drifts sideways
13th Nov 2009 12:25
It's a lacklustre day in London so far despite BA's Spanish merger as a modest rally in the dollar prompts some profit taking among the miners. British Airways is the top riser after it and Spanish airline Iberia outlined the terms of their merger. BA will own 55% of the enlarged company and Iberia
Read moreBroker snap: Ambrian keeps faith in Electrocomponents
13th Nov 2009 12:12
Electrocomponents is little changed today following an anticipated slump in half-year profits, but slower decline in revenue, prompting Ambrian to maintain 'hold' advice. The electrical parts firm reported a 15% drop in underlying revenue, or 8% on an actual basis, and 41% drop in pre-tax profit to
Read moreLondon open: Mild gains for Footsie
13th Nov 2009 08:36
Footsie has made modest progress in early dealings despite a dip on Wall Street last night as the dollar rallied. British Airways is the top riser after it and Spanish airline Iberia outlined the terms of their merger. BA will own 55% of the enlarged company and Iberia 45%. The merger is expected t
Read moreElectrocomponents sales slump slows
13th Nov 2009 07:34
Electrical parts company Electrocomponents saw profits slump 41% during the first half as the global recession caused a sharp drop in revenue, although the sales decline is slowing. Headline profit before tax fell to £24.8m in the six months ended 30 September, down from £42.2m a year ago. Revenue
Read moreSunday Tips round-up: Electrocomponents, Pennon, BTG
19th Jul 2009 10:27
The Sunday Telegraph has upped its stance on distributor Electrocomponents to buy from hold. Based on current forecasts the shares are trading on a March 2010 earnings multiple of 14.3 times, falling to 13.5 in 2011. The yield of 7.1%is well worth having - and this yield is based on expectation of
Read moreElectrocomponents says revenue trends stable
17th Jul 2009 07:44
Electrical parts firm Electrocomponents said revenue trends have been stable over the last six months with reduced costs year on year and strong cash flow. The group said the sales trend in the first quarter of the current financial year being similar to the final quarter of last year. Group re
Read moreElectrocomponents headline profit down 10%
29th May 2009 07:47
Electrical parts firm Electrocomponents saw headline profit fall 10% in the year and warned that pressures on revenue continues in the current year. In the first eight weeks of the new financial year the sales trend has been similar to the final quarter of last year. Year on year group revenue ha
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