UPDATE: Wednesday broker round-up
5th Oct 2011 09:12
Sainsbury: H2O Markets downgrades to hold. Tesco: Baadar Bank confirms buy rating and 500p target. Kingfisher: Investec keeps hold and 245p target. Wood Group: Investec places target under review, hold recommendation maintained. SuperGroup: Peel Hunt downgrades from buy to hold, target put unde
Read moreFTSE 250 Movers: Logica heads south
5th Aug 2011 13:39
Software provider Logica's share price took a tumble after the group reported a fall in pre-tax profits after its exposure to the squeezed public sector pushed it to an underlying loss in the Benelux countries. Amlin's share price started to rise again following a drop after the underwriter's anno
Read moreMargins improve across all business units, says Elementis
2nd Aug 2011 14:24
Specialty chemicals manufacturer Elementis posted a 53% jump in pre-tax profits as margins improved in all areas of the business but kept its interim dividend unchanged. For the six months ended 30 June, the company's revenue rose 11% to $396m, up from $358m last year. The company's pre-tax profits
Read moreTuesday tips round-up: Elementis, Genus, GW Pharmaceuticals
5th Jul 2011 06:36
Elementis traces its roots to 1844 and the Harrisons & Crosfield tea and coffee trading conglomerate, but it took its present shape in 1998, when the company focused on chemicals found in substances such as paint, cosmetics and, more recently, shale gas wells, where the flow of a substance needs to
Read moreLondon close: FTSE 100 back above 6,000
4th Jul 2011 16:56
The top share index finished well clear of the 6,000 point mark as the rally following the Greek parliament's vote in favour of austerity measures continued. Property group British Land was among the top risers. Panmure Gordon has been casting its eye over the company and notes that it offers "an a
Read moreEU repays Elementis €23.4m after dismissing verdict
4th Jul 2011 12:47
Speciality chemicals supplier Elementis said the European Commission has revoked its decision against the company and its affiliates for allegedly participating in a cartel that fixed prices for heat stabilizers, saying the verdict had no legal basis. In addition to dismissing its decision, the Eu
Read moreLondon midday: FTSE 100 passes 6,000 points
4th Jul 2011 12:05
The top share index is above the 6,000 point mark again as the post-Greek austerity vote rally continues. The rise comes in spite of Standard & Poor´s warning that the voluntary rollover proposed by the French government and accepted by banks for 70% of Greek debt could be considered a "selective d
Read moreFTSE 250 movers: Hochschild falls on Peruvian concerns
6th Jun 2011 15:43
Hochschild Mining's shares sank after Ollanta Humala won the preliminary results of presidential election in Peru. Humala has said that he will hike taxes in the mining sector, causing concern for Hochschild investors, as the company has a number of projects in the region. The high riser of the day
Read moreBroker tips: Johnson Matthey, Aegis, Elementis
6th Jun 2011 12:36
Credit Suisse keeps its 'neutral' rating and 2,200p target price on speciality chemicals group Johnson Matthey, as positivity in short-term drivers is met with the broker's cautious stance on the group's balance sheet. Research analyst Rhian Tucker notes that "Car production growth remains good wit
Read moreBroker snap: UBS initiates Elementis coverage with 'buy'
6th Jun 2011 11:47
UBS has initiated coverage on speciality chemicals supplier Elementis with a 'buy' and target price of 185p, and anticipates further upside in the future. "Elementis has been successfully repositioned over the past few years and the shares have performed strongly as a result," the Swiss investment
Read moreTristel chairman buys shares
6th May 2011 14:46
Tristel's chairman Francisco Soler has been adding to his stake in the infection and contamination control products supplier. He took 50,000 shares at 41.5p a time, spending more than £20,000. The purchase was drop in the ocean compared to his previous holding. He and his family now own a combined
Read moreFTSE 250 movers: Croda's shares jump, along with its profits
28th Apr 2011 15:52
Providing a lift to the FTSE 250 is chemicals group Croda International, which saw pre-tax profit jump 40% in the first quarter. Shares in data capture specialist Kofax have fallen despite the group confirming that its third quarter performance has met expectations. Also under the weather is kitc
Read moreBroker tips: ARM, Barclays, Elementis
28th Apr 2011 12:46
While Nomura keeps its 'neutral' rating on chip giant ARM Holdings, it hikes the target price by 14% from 500p to 570p, following the company's first quarter results issued yesterday. First quarter revenue came in 6% ahead of forecasts, primarily driven by a 16% beat on the processor division (PD)
Read moreBroker snap: Elementis downgraded on strength
28th Apr 2011 11:59
As a result of the share price strength of speciality chemicals supplier Elementis over the last two years, RBS downgrades its rating to 'hold', from 'buy'. The shares have risen more than sevenfold since their low in April 2009, and have jumped by 19% in the year-to-date, outperforming the STOXX 6
Read moreElementis to hit top end
21st Apr 2011 09:23
Elementis hit a 52-week high after the speciality chemicals company said trading in the first quarter of this year has put 2010's first quarter figures in the shade. The group has seen strong demand in its key end markets and all of its businesses have improved margins. The order book remains stron
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