FTSE 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
Read moreJohnston Press chairman buys again
21st Mar 2011 16:59
Johnston Press chairman Ian Russell has nearly doubled his stake in the local newspaper publisher. Russell acquired 1.3m shares at 7.65p each, taking his stake to 2.71m shares. The share purchase cost just over £99,000. The Johnston Press share price has fallen by nearly three-quarters in the pa
Read moreLondon close: Shares in late dive as Mideast worries resurface
1st Mar 2011 16:43
The spectre of higher oil prices sent a chill down traders' spines late in the afternoon, sending shares plummeting into the red. The turmoil in the Arab World is behind the spike in crude, with a barrel for April delivery rallying towards $100 in New York. Worries over the possibility of protests
Read moreElementis gleams as profits soar
1st Mar 2011 15:21
Chromium specialist Elementis saw a major turnaround in fortunes last year, with its speciality products enjoying a record 12 months. Revenues in 2010 jumped to $697m compared to $564m in the previous year, with operating profit up 183% to $102.3m. Pre-tax profits rose 239% to $96m. In Specialty
Read moreLondon afternoon: Hard going for Footsie
1st Mar 2011 14:53
It's proving a struggle in London with not long to go until the close, as Wall Street fails to inject much excitement and miners either see gains trimmed or disappear completely. Aerospace and vehicles engineer GKN has few friends. It bounced back into the black last year as all divisions bar aeros
Read moreLondon midday: FTSE 100 gives up gains
1st Mar 2011 12:07
The top share index is flat after giving up early gains, while company updates in the FTSE 250 have sparked big moves in both directions. Capita is the best performer in the FTSE 100 after the outsourcing group said it was in talks with Zurich about performing some administrative tasks for the ins
Read moreLondon close: US breathes life back into Footsie
1st Nov 2010 16:42
A good early performance from Wall Street helped Footsie snap out of a weak spell to close in positive territory. US shares were boosted by a bigger than expected rise in factory output in October. The Institute for Supply Management's manufacturing index rose to 56.9 last month. Analysts thought
Read moreLondon afternoon: Banks and miners lead advance
1st Nov 2010 15:14
Footsie pulled out of its late morning slump over the lunch time session to move firmly back into positive territory, though investors are still reluctant to commit too heavily ahead of tomorrow's mid-term US elections, and the quantitative easing decisions expected this week from the Bank of Englan
Read moreFTSE 250 movers: Update sparks Elementis jump
1st Nov 2010 13:49
Elementis' share price has reacted positively to its announcement that it expects to make more money than expected this year as a swell of activity in the oil and gas sector helped the speciality chemicals supplier lift sales by 11% in the third quarter. Mining stocks such as the African pair Kenma
Read moreLondon midday: Footsie subdued after buoyant start
1st Nov 2010 12:02
Footsie has failed to rediscover its early-morning buoyancy and sits in the blue by a few points. Among the laggards is Serco. The company, which carries out work for the government such as operating prisons and London's Docklands Light Railway, has taken a knock after it was forced to make a grove
Read moreLondon open: Footsie charges higher
1st Nov 2010 08:32
High demand for banks and miners got the week off to a good start, offsetting weakness in the outsourcing sector. Banks are going well as trading updates loom. Lloyds Banking Group is getting ready for tomorrow's statement with a 2% jump, while Royal Bank of Scotland and HSBC are also making up gr
Read moreElementis estimates earnings beat
1st Nov 2010 07:42
Elementis expects to make more money than expected this year as a swell of activity in the oil and gas sector helped the speciality chemicals supplier lift sales by 11% in the third quarter. An increase in shale gas drilling in North America was behind a surge in sales to the oilfield sector where
Read more