Essentra posts strong Q1 revenue jump
29th Apr 2014 10:02
First quarter revenue rose 17 per cent compared to a year earlier, FTSE 250-listed Essentra reported on Tuesday. The group, which is a supplier of speciality plastic, fibre, foam and packaging products, said its top line rose 17% at actual rates, 8% on a like-for-like basis, and 25% at constant cu
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read moreBaronsmead Chairman reduces interest
24th Feb 2014 16:02
The Chairman of Baronsmead VCT, Peter Lawrence, has had his interest in the venture capitalist trust reduced following sales made by two people connected to him. Michael Lawrence traded in 35,470 shares, while Louise Lawrence sold off 46,384 shares, generating a combined £58,526. The shares were s
Read moreFTSE 250 movers: IP Group jumps on IPO of portfolio group Xeros
21st Feb 2014 13:57
Intellectual property company IP Group soared after announcing plans to float its portfolio company Xeros on the AIM market. Around a third of washing machine firm Xeros will be put up for sale, which is expected to raise between £30-40m. IP believes it will allow Xeros to "accelerate the roll-out
Read moreFTSE 250 movers: Playtech lifted by strong results and Ladbrokes deals
20th Feb 2014 15:39
Playtech jumped as it reported a rise in annual earnings as the gaming software development company signed two landmark deals with Ladbrokes to revamp the bookmarker's digital offering until 2017. Petra Diamonds also climbed after it said it is looking at commencing dividend payments in two years'
Read moreThursday broker round-up UPDATE
20th Feb 2014 08:49
Anglo American: Jefferies increases target price from 1450p to 1700p maintaining a neutral rating. BHP Billiton: Jefferies takes target price from 2300p to 2400p and stays with its buy recommendation. Big Yellow Group: Jefferies raises target price from 540p to 618p and retains a buy recommendatio
Read moreEssentra reports double-digit growth for 2013
20th Feb 2014 08:15
- Dividend raised 23 per cent - Revenues and profits up double digits - Panmure downgrades stock to 'hold' Packaging group Essentra hiked its dividend by 23 per cent after double-digit growth in revenues and profits in 2013. The final dividend was lifted to 10.6p a share, taking the total payout t
Read moreEssentra expands Oxford facility to improve service
24th Jan 2014 07:40
FTSE 250-listed Essentra, which supplies speciality plastic, fibre, foam and packaging products, has expanded its European Components facility in Oxford. The new purpose-built distribution centre, in which more than £7m was invested, covers 3,500 square metres and will enable the company to rapidl
Read moreEssentra buys Turkish firm Mesan Kilit
7th Jan 2014 07:22
Packaging company Essentra has bought Turkish company Mesan Kilit for an undisclosed cash consideration. Mesan, which manufactures locks, hinges, latches and hardware accessories, was purchased on a cash-free, debt-free basis. The acquisition was funded from Essentra's existing facilities. Mesan
Read moreThursday broker round-up UPDATE
5th Dec 2013 08:15
AMEC: Canaccord Genuity raises target price from 1125p to 1300p upgrading from hold to buy. AZ Electronic Materials: Canaccord Genuity increases target price from 354p to 404p, while downgrading from buy to hold. BAE Systems: Deutsche Bank takes target price from 415p to 425p keeping a hold recomm
Read moreBig Yellow non-exec buys 10,000 shares
19th Nov 2013 16:30
Storage giant Big Yellow Group has announced that Georgina Harvey, one of its Non-Executive Directors, on Tuesday purchased 10,000 shares, marking her first holding in the company. Harvey, who joined the company at the start of July, bought the shares at 470p each on the same day the group posted
Read moreEssentra acquires packaging firm for undisclosed sum
8th Nov 2013 07:57
- Acquisition of carton supplier - Immediately earnings-enhancing - Funded from existing facilities Essentra, the FTSE 250 supplier of speciality plastic, fibre, foam & packaging components, has acquired Dakota Packaging for an undisclosed sum. The carton supplier was acquired on a cash-free, de
Read moreLondon midday: Markets pause on US stalemate, mixed Chinese data
14th Oct 2013 11:28
Markets paused at a two-week high on Monday as investors refrained from building as concerns over the US debt ceiling and mixed data from China weighed on risk appetite. London's benchmark FTSE 100 was trading with small gains by midday after finishing Friday's session at 6,483.79, its highest clos
Read moreLondon open: Stocks flat as US political deadlock continues
14th Oct 2013 08:38
A political stalemate in Washington over the debt ceiling weighed on risk appetite on Monday morning, with the FTSE 100 holding steady in early trading after hitting two-week highs the previous session. London's benchmark index finished at 6,483.79 on Friday, its highest close since September 27th,
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