Elementis boosted by Berenberg upgrade
9th Nov 2016 09:42
(ShareCast News) - Elementis shares were given a boost on Wednesday after Berenberg raised its rating on the stock to 'buy' from 'hold' and raised the target price to 270p from 200p. The upgrade comes after the specialty chemicals company said in a trading update that it expects full year earnings t
Read moreElementis' earnings for the year to be in line with expectations
28th Oct 2016 07:34
(ShareCast News) - Chemicals company Elementis' sales for speciality products rose in the third quarter but the chromium business remained "challenging", while overall earnings for the year are anticipated to be in line with market expectations. For the quarter ended 30 September, the FTSE 250 compa
Read moreElementis hit by oil market downturn, dollar impact on chromium
2nd Aug 2016 08:08
(ShareCast News) - The market downturn in oilfield drilling and the impact of the dollar on chromium sales outside of North America hit first half profits at specialty chemicals firm Elementis which fell in line with expectations to $44.7m from $65.3m. Sales fell to $334m from $360.4m. The dividend
Read moreThursday newspaper share tips: Debenhams, Elementis
23rd Jun 2016 14:52
(ShareCast News) - Debenhams was making progress with its strategy to diversify its product range and manage its stock better, but a challenging clothing market meant the company's shares should be avoided, according to The Times' Tempus. Tempus said the department store-operator was successfully
Read moreThursday broker round-up
23rd Jun 2016 13:11
(ShareCast News) - Ascential: Goldman Sachs reiterates buy with a target price of 278p. Sophos: UBS keeps at buy with a 300p target. SSP Group: JP Morgan keeps at overweight with a target price of 335p. Vodafone: HSBC upgrades to buy with a target of 175p. Bae Systems: Berenberg downgrades to hol
Read moreElementis warns on first-half Chromium earnings
22nd Jun 2016 07:52
(ShareCast News) - Specialty chemicals company Elementis issued a profit warning ahead of its interim results on Wednesday, with sales in the Chromium division failing to fire. The FTSE 250 firm said that, as previously indicated, sales and contribution margins from the division in North America for
Read moreBrian Taylorson stepping down from Elementis
18th May 2016 11:33
(ShareCast News) - Specialty chemicals business Elementis announced on Wednesday that is group finance director, Brian Taylorson, will be stepping down from the board at some point in the next year. The FTSE 250 company said Taylorson will depart the firm after assisting Paul Waterman to establish h
Read moreFTSE 250 movers: Tullow and Weir limit losses
28th Apr 2016 14:50
(ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day. Stocks going ex-divi on the day included Cobham, Elementis, Tullett Prebon and William Hill. Cobham was a
Read moreElementis Q1 sales hit by currencies, lower oilfield sales
27th Apr 2016 08:57
(ShareCast News) - Speciality chemicals outfit Elementis said it was "proactively" managing its margins and cost base to make sure full year results stay in line with management expectations as oilfield revenues and currencies hit first quarter sales. Chief executive Paul Waterman said some markets
Read moreElementis slides on Berenberg downgrade
8th Apr 2016 15:01
(ShareCast News) - Shares in specialty chemicals firm Elementis slid on Friday as Berenberg downgraded its stance on the stock to 'hold' from 'buy' and cut the price target to 220p from 258p. The bank noted that since it upgraded the stock at the end of October last year, Elementis has outperformed
Read moreFTSE 250 movers: David Brent blows steam into Entertainment One
8th Apr 2016 14:52
(ShareCast News) - The FTSE 250 was comfortably in the black in afternoon trading on Friday, with oil prices heading upwards and investors seemingly nonchalant about a trade deficit that was wider than forecast. As oil prices rose, so did oilfield engineering services firm Weir Group. The stock also
Read moreWednesday broker round-up
2nd Mar 2016 16:45
(ShareCast News) - Just Eat: JP Morgan reiterates overweight with a target price of 393p and Investec reiterates buy with a target price of 479p. Capital & Counties Properties: Morgan Stanley downgrades to underweight with a target price of 330p. Rightmove: Jefferies upgrades to hold with a target
Read moreWeak drilling activity, strong dollar hurts Elementis
1st Mar 2016 11:56
(ShareCast News) - A reduction in oilfield drilling and a strong dollar had a big impact on Elementis in 2015, with the company reporting its preliminary results for the calendar year on Tuesday. The FTSE 250 firm saw total sales decrease 14.12% to $678.8m (£485.2m) during the year, from $790.4m in
Read moreElementis warns 2015 earnings at lower end of expectations
17th Dec 2015 07:37
(ShareCast News) - Specialty chemicals company Elementis has warned 2015 earnings will be at the lower end of market expectations. The company said that since its interim management statement in October, markets had continued to be "challenging". "Due to the cash generative nature of the group and
Read moreElementis confirms new CEO appointment
9th Nov 2015 08:05
(ShareCast News) - Specialty chemicals company Elementis said Paul Waterman will become the new group chief executive (CEO) early next year. In a short statement released on Monday, the FTSE 250 group confirmed the current CEO of BP Lubricants, who had been named as CEO-designate in early October, w
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