London close: Choppy FTSE 100 closes lower
28th Oct 2011 17:08
Shares finished slightly lower after a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an average 3% last night after le
Read moreFTSE 250 Movers: Elementis riding high
28th Oct 2011 15:09
Elementis, the speciality chemical additives firm, was riding high after it said all three of its divisions traded ahead of last year's levels in the third quarter. The company remains confident that full year earnings, excluding exceptional items, will be in line with the board's expectations. Wi
Read moreLondon midday: Pause for breath after euro boost
28th Oct 2011 12:01
Shares are still flat amid a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. SUBDUED START AFTER YESTERDAY'S SURGE Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an a
Read moreElementis puts a gloss on things
28th Oct 2011 08:45
Elementis, the speciality chemical additives firm, said all three of its divisions traded ahead of last year's levels in the third quarter. The company remains confident that full year earnings, excluding exceptional items, will be in line with the board's expectations. The Speciality Products div
Read moreUPDATE: 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
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