17th Jan 2017 15:48
(ShareCast News) - New Fenner director Michael Ducey has joined with his new board colleagues in putting his money behind the plastics group, with a £84,000 purchase of shares. Ducey, whose appointment last week was at the request of major shareholder Teleios Capital even though it was initially res
Read more6th Jan 2017 07:39
(ShareCast News) - Engineering group Fenner said on Friday that it expects results for the current financial year to be "comfortably above" previous expectations amid stronger order intake and improved customer enquiries. The company said trading in the first quarter has been satisfactory, reflectin
Read more16th Nov 2016 09:29
(ShareCast News) - Fenner, a British manufacturer of industrial belting and other polymer based products, performed better than expected in the face of challenging market conditions. Chief executive Mark Abrahams said: "The group's results were ahead of our expectations at the time of the Annual Gen
Read more9th Sep 2016 13:37
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
Read more8th Sep 2016 07:36
(ShareCast News) - Industrial polymer-based manufacturer Fenner said on Thursday that its full-year results are likely to be at the top end of the current range of market expectations and in line with guidance given at the annual general meeting in January. Fenner said its performance was helped in
Read more7th Sep 2016 10:31
(ShareCast News) - Centrica: Goldman Sachs downgrades to sell with a target price of 213p. Ashmore: Barclays maintains underweight with a 270p target. Aviva: UBS upgrades to buy with a 505p target. Polymetal: Berenberg reiterates buy with a 1200p target. SSE: Goldman Sachs keeps at neutral with a
Read more22nd Aug 2016 15:56
(ShareCast News) - JPMorgan Cazenonve has upgraded Bodycote to Neutral, from Underweight, and hiked its target price on the stock. It remains Overweight on GKN, Oxford Instruments, Smiths and Spirax-Sarco, and Underweight on Fenner and Weir. The brokerage said first-half 2016 for UK Capital Goods s
Read more13th Jul 2016 14:57
(ShareCast News) - Industrial polymer-based manufacturer Fenner said its full year expectations remain unchanged despite its principal markets having shown no recovery. In a trading update for 1 March to 12 July, the company said the medical business, part of its advanced engineered products divisio
Read more29th Apr 2016 12:44
(ShareCast News) - BT Group: UBS upgrades to neutral with a 430p target. Howden Joinery: JP Morgan reiterates overweight with a 570p target. Weir: HSBC upgrades to hold with a target price of 1150p JP Morgan reiterates underweight with a target of 735p and Jefferies stays at underperform with 730p
Read more11th Nov 2015 10:11
(ShareCast News) - Fenner said results for the current financial year are likely to miss its previous expectations, as it swung to a loss in the year to the end of August amid difficult trading conditions. The maker of reinforced polymer technology swung to a pre-tax loss of £5.3m, compared with a p
Read more20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read more22nd Jul 2015 13:49
(ShareCast News) - Fenner's full-year earnings will be slightly below previous guidance as the company's conveyor belt business suffers from a slowdown in spending in the coal mining industry. The engineering company said demand levels for ECS products and services in North America are reflecting se
Read more19th Mar 2015 15:59
Smiths Group: Charles Stanley downgrades to reduce while Nomura reiterates buy recommendation. Weir Group: Barclays reiterates equalweight and 1,700p target. Prudential: Barclays reiterates overweight and lifts target to 1,868p. Serco: Jefferies reiterates hold but trims target to 185p from 195p.
Read more13th Mar 2015 10:54
Lloyds was quick to show its approval of Spanish lender Banco Sabadell's bid for TSB and rightly so. The 360p a share offer which has been put on the table represents a small premium to the UK bank's book value. Indeed, the nearly one- third jump in the shares on the back of the announcement shows i
Read more12th Mar 2015 14:55
Engineer Fenner warned earnings would be "moderately" affected as the continuing decline in commodities hits volumes in its conveyor belting business. Although the non-oil specialty polymer businesses in Advanced Engineering Product (AEP), which represent approximately two-thirds of divisional turno
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