Gatemore Capital calls on Elementis to replace CEO
29th Apr 2024 07:32
(Sharecast News) - Activist investor Gatemore Capital Management said on Monday that Elementis was an attractive company that has "lost its direction" as it called for the chief executive to be replaced.
Read moreHSBC 'impressed' by quality of Elementis portfolio
20th Mar 2024 09:04
(Sharecast News) - HSBC upgraded Elementis to 'buy' on Wednesday and lifted the price target to 170p from 150p as it said it was impressed by the company's portfolio quality and management execution "amid a challenging macro and weak end markets".
Read moreElementis FY operating profits grow, revenues slip
7th Mar 2024 09:03
(Sharecast News) - Chemicals company Elementis revealed on Thursday that adjusted operating profits had ticked up in 2023 despite seeing a modest dip in revenues for the year.
Read moreJefferies ups ratings on Elementis, XP Power and Spirax-Sarco
31st Jan 2024 10:42
(Sharecast News) - Jefferies has adjusted its ratings on stocks across in a review of the UK-listed capital goods sector, which included upgrades of Elementis, XP Power and Spirax-Sarco Engineering.
Read moreLondon close: Stocks turn green after US GDP release
25th Jan 2024 15:13
(Sharecast News) - Stocks in London had turned higher by the close on Thursday, as investors digested a better-than-expected GDP reading out of the United States.
Read morePE firm KPS said to have explored takeover offer for Elementis, shares surge
25th Jan 2024 09:14
(Sharecast News) - Elementis surged on Thursday following a report that KPS Capital Partners recently explored a bid for the specialty chemicals firm.
Read moreLondon close: Stocks manage gains after deluge of updates
18th Jan 2024 15:14
(Sharecast News) - London's stock markets managed a positive finish amid subdued trading activity on Thursday, with investors digesting a plethora of corporate news.
Read moreElementis FY profit seen slightly ahead of expectations after 'resilient' Q4
18th Jan 2024 08:04
(Sharecast News) - Specialty chemicals company Elementis said on Thursday that 2023 profit was set to be slightly ahead of expectations after a "resilient" fourth-quarter performance.
Read moreElementis sets down efficiency and cost savings goals
14th Nov 2023 10:32
(Sharecast News) - Speciality chemicals company Elementis outlined its 2026 group performance objectives on Tuesday, aimed at achieving an adjusted operating profit margin of 19% or higher, maintaining a three-year average operating cash conversion rate above 90%, and securing a return on capital employed, excluding goodwill above 20%.
Read moreLondon close: Stocks finish mixed, Rolls-Royce jumps on upgrade
31st Oct 2023 15:41
(Sharecast News) - London's stock markets saw a mixed performance on Tuesday, with Rolls-Royce recording solid gains after a rating upgrade, while BP fell on disappointing third-quarter numbers.
Read moreElementis describes resilience, revenue still down year-on-year
31st Oct 2023 07:49
(Sharecast News) - Speciality chemicals company Elementis said in its third-quarter update on Tuesday that, despite challenging market conditions, it maintained revenue at a level similar to that of the prior two quarters.
Read moreElementis shares surge as Franklin sale demand rebuffed
20th Sep 2023 15:06
(Sharecast News) - Shares in UK chemicals group Elementis on Wednesday surged as the company rejected a demand by major shareholder Franklin Mutual Advisers to sell the company.
Read moreElementis trading in line amid subdued market
27th Jul 2023 10:17
(Sharecast News) - Specialty chemicals company Elementis described a resilient performance during the first half of the year on Thursday, with results aligning with market expectations despite facing some challenges in the demand environment.
Read moreJPMorgan upgrades Elementis to 'overweight'
7th Jul 2023 09:57
(Sharecast News) - JPMorgan Cazenove upgraded Elementis on Friday to 'overweight' from 'neutral', keeping the price target at 144p, as it pointed to a relatively better earnings outlook supported by self-help actions.
Read moreElementis Q1 underlying revenue flat; trading in line
26th Apr 2023 09:29
(Sharecast News) - Specialty chemicals company Elementis hailed a "resilient" first-quarter performance on Wednesday, in line with expectations, with underlying revenues flat.
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