Elementis confident of recovery in full-year earnings
30th Oct 2015 08:26
(ShareCast News) - Chemical specialist Elementis said full-year earnings should be in line with expectations despite a sales slowdown. In a trading statement, Elementis said positive first half trends were expected to continue, "despite challenging conditions" in the Chinese and US oilfield sectors.
Read moreElementis' interim profit declines as oil and gas sales drop
28th Jul 2015 10:06
(ShareCast News) - Chemicals group Elementis saw its first half pre-tax profit decline, as its oil and gas related and businesses reported a drop in sales. The London-listed group said its pre-tax profit fell 9% year-on-year to $65.3m (£42m) in the six months to the end of June, as sales fell by the
Read moreBroker Tips: Petrofac, Entertainment One, Admiral, Sage, Debenhams, Elementis
25th Jun 2015 10:43
Petrofac shares rose 3.2% on Thursday after Nomura upgraded the stock to 'buy' from 'neutral' and raised the price target to 1,130p from 765p. The broker said the valuation was undemanding in the context of an incrementally positive Middle East outlook and improved risk/reward of Integrated Energy S
Read moreJP Morgan downgrades Elementis to 'neutral' after profit warning
25th Jun 2015 10:12
JPMorgan Cazenove downgraded Elementis to 'neutral' from 'overweight' and cut the price target to 275p from 313p following the company's profit warning on Wednesday. JPM said the downgrade reflected the likelihood of a period of relative weakness as the market awaits signs of a more stable trading e
Read moreLondon close: UK markets hit two-week high despite Greek impasse
24th Jun 2015 16:24
Fading optimism over an imminent short-term funding deal for Greece didn't stop UK stocks from rising for the fifth straight day, as decent gains from a number of blue chips bolstered markets. The FTSE 100 ended the day up 0.15% at 6,844.80, its highest close since 11 June. Supermarket stocks, oil
Read moreFTSE 250 movers: Elementis plummets on profit warning, Stagecoach up on stronger profits
24th Jun 2015 12:55
Mid-caps edged lower on Wednesday, as gains made by transport, retail and property stocks were eclipsed by weakness in the industrial metals and computer services sectors. As of 14:30 BST, the FTSE 250 was trading 0.5% lower at 17,911. Ladbrokes reversed Tuesday's gains, which were driven by the co
Read moreLondon midday: UK market rises despite Greek uncertainty, supermarket stocks gain
24th Jun 2015 12:00
Strong gains from supermarket, oil and mining stocks bolstered UK markets on Wednesday as investors shrugged off worrying reports that creditors have rejected Greece's reform proposals. The FTSE 100 was up 0.29% at 6,854.95 by midday, with blue chips Sainsbury's, Shell and BHP Billiton among the bes
Read moreLondon open: UK stocks rise ahead of pivotal Eurogroup meeting on Greece
24th Jun 2015 09:13
UK stocks opened with small gains on Wednesday morning ahead of another Eurogroup meeting, as officials hope to secure desperately-needed bailout funds for Greece. The FTSE 100 was up 0.22% at 6,849.80 early on, rising for the fifth consecutive session. The index has not closed above this mark since
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read moreElementis CEO to step down in 2016
19th May 2015 07:57
Elementis chief executive David W. Dutro will step down from his role in 2016, the specialty chemicals company said on Tuesday. In a short statement, the FTSE 250 group said it had already begun a search process to identify and appoint a successor to Dutro, who will leave the company after 17 years.
Read moreElementis profits growth disappoints but extra cash funds special dividend
24th Feb 2015 10:05
Speciality chemicals group Elementis overcame a tough final quarter to deliver solid progress in pre-tax profit and sales for 2014 on the back of a strong performance in its North American business. Pre-tax profit rose 4% to $141.9m (£91.9m) on the back of sales up 2% to $790.4m, as strong growth i
Read moreMonday broker round-up UPDATE
3rd Nov 2014 10:47
Aa: Liberum Capital initiates with a target price of 417p and a buy recommendation. Afren: UBS lowers target price from 130p to 115p, keeping a buy recommendation. Anglo American: Nomura reduces target price from 1550p to 1400p, while leaving its neutral rating unaltered. Barclays: Exane ups targe
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreRBS hands directors £3.5m in shares
12th Aug 2014 21:17
Royal Bank of Scotland on Tuesday handed 10 directors share allowances worth £3.5m under a new plan by the bank to work around strict rules on bonuses. The directors were given just under 1.02m shares, but sold around 0.48m to satisfy an associated tax liability, the bank said. The sales raised aro
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
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