Liberum sees market as 'overly pessimistic' on builders merchants
12th Jan 2017 12:07
(ShareCast News) - Against the backdrop of a "patchy" construction sector, broker Liberum highlighted Howden Joinery as its top pick and downgraded building materials suppliers Wolseley to 'hold' and SIG and 'sell' on valuation grounds. Liberum felt the stock market appeared overly pessimistic on bu
Read moreVolution falls as Towerbrook sells out
1st Nov 2016 11:16
(ShareCast News) - Volution Group saw its share price blown down on Tuesday after US private equity firm Towerbrook Capital announced overnight that would sell 22.4% of the ventilation products supplier's stock. With the help of broker Liberum, Windmill Holdings, which is part of Towerbrook Capital
Read moreWednesday newspaper share tips: Page Group, Phillips 66, Volution Group
12th Oct 2016 15:41
(ShareCast News) - As one might have expected, Page Group saw business slow down after Brexit, but by nowhere near as much as analysts had expected, The Times's Tempus pointed out. Hiring slowed ahead of the referendum vote but the 4.7% drop in fee income from the UK was not as bad as feared by the
Read moreVolution revenue and earnings surge in final results
11th Oct 2016 09:10
(ShareCast News) - Residential and commercial construction ventilation company Volution posted its audited results for the year to 31 July on Tuesday, with revenue up 18.7% to £154.5m, or 18.6% at constant currencies. The London-listed firm's adjusted operating profit was up 10.4% to £32.5m, with ad
Read moreVolution to buy heating products company Energy Technique for GBP9.3m
11th Nov 2015 12:21
(ShareCast News) - Volution Group has reached an agreement to acquire fan coils and commercial heating products company Energy Technique for around £9.3m. The ventilation products supplier said the acquisition, which is expected to be earnings-enhancing in the first full financial year, will be fund
Read moreVolution acquires ventilation firm for £11.6m
10th Jul 2015 07:52
Fan supplier Volution has bought a Belgium-headquartered ventilation manufacturer for £11.6. Volution said it would fund the acquisition of Ventilair from its existing bank and cash facilities. The FTSE small cap company said Ventilair, which generated revenue of £10.2m last year, would help Voluti
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreNew Chemring CEO adds £20,000-worth of shares
21st Jul 2014 16:20
The Group Chief Executive of defence group Chemring has added a batch of shares worth £20,150 to his stake. Michael Flowers, who was appointed to his current role last month, paid 201.50p for each of the 10,000 shares, all of which were acquired in his wife's name. Flowers replaced Mark Papworth
Read moreVolution falls on initial trading
18th Jun 2014 09:04
Volution Group, which supplies ventilation products, has received a chilly welcome on its first day of conditional dealing but expects to raise £100m for the company and its partially exiting shareholders. Volution priced its initial public offering (IPO) at 150p per share and quickly fell 2.3% to
Read moreWednesday tips round-up: Bloomsbury, Harvey Nash, Avingtrans...
1st Jun 2011 06:31
The headline figures in Bloomsbury's results at the end of last week were far from inspiring. But the real highlight of the update was the news that sales of electronic books had rocketed. Of course, the rise of e-books does present challenges for publishers. The most obvious will be the need for co
Read morePivot takes First Artist stake
8th Dec 2010 11:30
Theatre advertising and events company First Artist Corporation danced higher today on news that Pivot Entertainment is investing $4m (£2.5m) via a subscription at 11p a share and a loan. An approach had been flagged in August, but rather than a takeover, the New York based entertainment marketing
Read moreSmall Caps round-up: Mattioli Woods, Lighthouse, Maple Energy, First Artist
10th Aug 2010 16:20
Lighthouse Group is selling its pension administration business to pension specialist Mattioli Woods for £1.85m. The book gain on the disposal is £1.2m. There should be a net cash inflow to the AIM-quoted IFA of £1.6m. The businesses made a small loss on revenues of £786,000 in 2009. The total ass
Read moreFirst Artist: Stoller Family Partners Now Holds 2.0M Shares
26th Jul 2010 09:53
LONDON (Dow Jones)--First Artist Corporation PLC (FAN.LN) said Monday that Stoller Family Partners LP now has an interest of 2,000,000 ordinary shares in the Company, representing 6.676% of the issued share capital of the Company. -Shares at 0852 GMT up 0.5 pence, or 4.9%, at 10.8 pence. By
Read moreSmall caps: Western & Oriental, Monitise, Optos
20th May 2010 13:05
Luxury travel group Western & Oriental remains upbeat despite slumping into the red in the six months to March as it bore the brunt of a range of external problems. The poor state of the UK economy, airline industrial action and continuing riots in Thailand knocked revenue from £28.4m to £24.9m, w
Read moreFirst Artist to raise £1.37m
29th Jun 2009 11:01
Sport and entertainment management group First Artist plans to raise about £1.37m and said it may sell its football business. It also announced the appointment of William Fitzpatrick as finance director with immediate effect. The group successfully placed 13.73m shares of 2.5p at 10p each, represe
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