FTSE 250 movers: St. Modwen climbs as Electrocomponents slides
13th Nov 2014 15:50
St. Modwen Properties rose after announcing that its 50/50 joint-venture French partner Vinci has been granted planning permission to redevelop the 57-acre New Covent Garden Market site in south London. The major 10-year project will see the delivery of over 500,000 square feet of new state-of-the-a
Read moreElectrocomponents chief executive steps down
13th Nov 2014 08:51
Ian Mason has announced he will step down as chief executive of Electrocomponents at the end of the financial year, sending shares in the company shooting lower on Thursday morning. Mason, who has been chief of the FTSE 250 group for the past 13 years, said his decision followed the successful imple
Read moreElectrocomponents underlying sales up despite UK decline
13th Nov 2014 08:44
A strong performance in North America helped electronic goods distributor Electrocomponents grow underlying sales 3% to £616.4m in the six months to 30 September as adjusted pre-tax profits decline 16%, in-line with expectations. Sales grew 5% in the firm's international division, but fell 2% in the
Read moreCanaccord Genuity downgrades Electrocomponents
9th Oct 2014 16:13
Broker Canaccord Genuity has downgraded Electrocomponents, saying its full year sales forecasts for the electrical parts distributor looked "optimistic". Electrocomponents, which distributes equipment for electrical engineering, said last week that second quarter trading had matched first quarter
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreFriday broker round-up UPDATE
3rd Oct 2014 09:25
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target
Read moreElectrocomponents fizzles lower on mixed Q2 update
2nd Oct 2014 15:07
A mixed second quarter update from engineering parts distributor Electrocomponents saw margins slipping due to stronger growth in North America and sales team restructuring plans for Asia and UK. Sales in the UK and Asia slipped during the second quarter, but with the US growth accelerating and cont
Read moreVislink chairman buys shares as results disappoint
2nd Sep 2014 16:34
The executive chairman of AIM-listed Vislink has shown his faith in the group after it disappointed with mixed interim results. John Hawkins purchased 95,157 shares at an average price of 47.29p, taking his interest in the group to 309,279. Ian Davies, the group's finance director, also added sh
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreFTSE 250 movers: Howden Joinery rises on strong first half
24th Jul 2014 15:26
First-half results from Howden Joinery received a warm welcome from the market as the kitchen and joinery products group delivered a decent jump in interim profits and reported a strong start to the second half. Howden-branded UK depots generated revenue of £428.2m in the first half, up 11.6%, helpe
Read moreElectrocomponents disappoints despite improving group revenues
24th Jul 2014 13:25
Softer trading in France and the UK meant the first-quarter update from Electrocomponents disappointed investors despite improving group revenue growth. Group underlying sales growth in the first quarter was 3%, with combined sales growth across the latter two months of May and June of 4%. Chief E
Read moreLondon midday: Stocks erase losses as banks and housebuilders gain
24th Jul 2014 12:04
- Banking, housing stocks provide a boost - Kingfisher, Easyjet slump after results - Ukraine still in focus as Russian sanctions discussed - Eurozone PMI improves, UK retail sales fall techMARK 2,821.65 -0.06% FTSE 100 6,802.89 +0.07% FTSE 250 15,726.48 0.00% UK stocks managed to turn around afte
Read moreWednesday broker round-up UPDATE
4th Jun 2014 09:28
Advanced Computer Software: Panmure Gordon ups target price from 139p to 155p and stays with its buy recommendation. Avacta: Numis shifts target price from 1.9p to 2p and retains a buy recommendation. Balfour Beatty: Westhouse Securities reduces target price from 302p to 220p keeping its neutral r
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreFriday tips round-up: Electrocomponents, United Utilities
23rd May 2014 07:14
Electrocomponents and its smaller rival Premier Farnell are worth closely following. Since they distribute a range of electronics goods to engineers, a third of which are used in the development of new products, they are good bellwethers for the economy. Therein lies the rub. While international sal
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