Electrocomponents appoints David Egan as group FD
14th Dec 2015 07:48
(ShareCast News) - Electrocomponents has appointed David Egan as group finance director with effect from 1 March next year. Egan was formerly FD of specialty chemicals company Alent and held roles at ESAB Holdings and Hanson. Electrocomponents said he has extensive experience in business transforma
Read moreFTSE 250 movers: Paragon surges on acquisition; DS Smith drops on downgrade
2nd Oct 2015 14:39
(ShareCast News) - London's FTSE 250 was down 0.3% to 16,713.91 as markets nudged lower following the release of weaker-than-expected US non-farm payrolls. Paragon Group of Companies put in a stellar performance after announcing the acquisition of Five Arrows Leasing Group through its subsidiary Par
Read moreElectrocomponents sales growth dips in key markets
2nd Oct 2015 08:05
(ShareCast News) - Electrocomponents' sales growth in continental Europe kept the company's revenue up, despite a slow start to July in its key markets. The FTSE 250 listed company released its first half trading update on Friday. It showed overall revenue growth in the second quarter dropped to 3%
Read moreElectrocomponents appoints Sally Adams as acting finance director
30th Sep 2015 15:18
(ShareCast News) - Electrocomponents has appointed Sally Adams as acting group finance director with immediate effect as Simon Boddie steps down from the role. Adams has been with the company since 1996 and was global head of strategic planning and performance before becoming group financial control
Read moreElectrocomponents sales fizzle in July after mixed first quarter
23rd Jul 2015 10:57
(ShareCast News) - First quarter results at Electrocomponents were a bit of a mixed bag as sales growth improved in June but margins tightened, while a slowdown reported in July dampened hopes of a recovery. Sales in the first quarter ended 30 June were up 5%, an improvement from the 4% growth in th
Read moreElectrocomponents cut to 'sell' by Canaccord Genuity
10th Jun 2015 12:58
Canaccord Genuity downgraded Electrocomponents to 'sell' from 'hold', pointing to the 19% rise in share price since mid February and the company's recent results for the year ending March 2015. It noted that since 2012, return on invested capital has fallen from 19% to 12% in 2015, mostly due to mar
Read moreFTSE 250 movers: Booker soars on retail bid, Inchcape hit by weaker revenue
21st May 2015 13:20
London's secondary equity index was inching higher on Wednesday afternoon, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. As of 3:40, the FTSE 250 was trading 4.4 points higher at 18,140. Food wholesaler Booker jumped
Read moreElectrocomponents full-year profit drops; finance director to step down
21st May 2015 07:47
Electrocomponents, a global distributor of engineering products, disappointed with a drop in full-year profits, partly on the back of a subdued performance in the UK. The FTSE 250 company, which commercially trades under its RS Components and Allied Electronics brands, posted a 5% drop in full-year
Read moreFTSE 250 movers: BTG surges on strong forecasts, Electrocomponents hit by weak Q4
2nd Apr 2015 14:55
Drugs group BTG topped the risers after raising sales forecasts for the year, partly thanks to the acquisition of lung device company PneumRx. Food wholesale retailer Booker also rose after saying it had a "good end to a good year" with a 1% rise in fourth-quarter sales despite ongoing price deflati
Read moreElectrocomponents sales growth slows in fourth quarter
2nd Apr 2015 08:05
Sales growth slowed at Electrocomponents in the final months of the year, as progress in North America was held back by the heavy snow storms. The day after new chief executive Lindsley Ruth took his position, group sales growth slowed to 4% in the quarter to the end of March, down from the 8% growt
Read moreElectrocomponents chairman increases stake
2nd Mar 2015 15:33
The chairman of Electrocomponents bought some shares in the group on Monday. Peter Johnson purchased 50,000 shares for an individual price of 230.15p. After spending a total of £115,075 in the transaction, Johnson holds 150,000 shares, which represent 0.1% of the issued share capital. The distribu
Read moreFTSE 250 movers: Amlin sinks on weak profits, Electrocomponents up as chairman buys shares
2nd Mar 2015 13:19
Amlin, the British insurer and re-insurer, topped the fallers after reporting a drop in full-year pre-tax profit by 21%, as an environment of low interest rates and weaker investment return dented profitability. Broker Numis Securities cut its rating on the stock from' buy' to 'hold', noting the res
Read moreElectrocomponents appoints new group chief executive
27th Feb 2015 08:32
Electrocomponents has appointed Lindsley Ruth its new chief executive (CEO). He will take on the role from 1 April 2015. Ruth is currently the executive vice president at Future Electronics Group, where he has worked since 2002. He will overtake Ian Mason, who has planned to step down on 31 March 2
Read moreElectrocomponents' sales surge in second half
11th Feb 2015 10:17
Sales at Electrocomponents surged considerably higher in the four months to the end of January, as France returned to growth and North America accelerated, though the UK market remains tough. Sales growth was up 5%, compared with 3% in the company's first half, offsetting an estimated £2m hit to pre
Read moreLondon close: Stocks end higher, but oil stocks limit gains
13th Nov 2014 16:48
UK listed shares put in a fairly decent gain on Thursday after positive updates from a number of blue chips and despite oil stocks sliding. The FTSE 100 closed 24.41 points higher at 6,635.45. Oil stocks declined further after the price of Brent crude oil slipped below $80 per barrel for the first
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