London open: Markets await news from Greece
8th Mar 2012 08:34
- Greek debt-swap participation rate estimated at 60 percent. - Markets await policy decisions from BoE, ECB. - ARM rises after iPad launch, Morrison jumps on strong 2011. London's blue chip index continued its strong performance ahead of policy decisions from the Bank of England (BoE) and the Euro
Read moreStrong first half for Fenner, shares jump
8th Mar 2012 08:02
Polymers firm Fenner has reported a strong trading period for the six months ended February 29th 2012, with operating profit for the half year 'significantly' ahead of the comparable period last year. The firm experienced positive trading conditions, supported by steadily growing demand from the mi
Read moreSector movers: Financial stocks lifted by Man
1st Mar 2012 15:58
A 10 percent rise in Man Group's share price pushed the financial services sector to the top the pile today after the hedge fund manager reported a more generous dividend policy and a slow-down in the net outflow of funds. The group said funds under management (FUM) at the end of February clocked i
Read moreBroker snap: Panmure downgrades Weir to hold
1st Mar 2012 12:23
Panmure Gordon has downgraded its rating for engineering firm Weir from buy to hold, saying that 'life is simpler elsewhere'. "During its bear raid in January, we were relaxed that the aftermarket dynamics in the unconventional oil and gas market would save the day. Looking at its aftermarket input
Read moreLondon close: Euro worries pull Footsie lower
11th Jan 2012 16:58
Eurozone debt worries weighed on London's stock market today with some disappointing economic data from the region's largest economy dampening the mood. Energy stocks led the decline on the FTSE 100, tracking oil prices lower. SOVEREIGN DEBT CRISIS RUMBLES ON News that German gross domestic produc
Read moreFTSE 250 Movers: Fenner leads the way higher
11th Jan 2012 13:57
Leaping into the top spot was Fenner, the polymers company, which has gained 4.5% after announcing that first quarter profitability is significantly better than the comparable period of 2010. Following very close behind, recruitment company Michael Page said fourth quarter gross profit slowed to 13
Read moreFenner sees profits up on 2010
11th Jan 2012 08:29
Fenner, the polymers company, has gained 2.5% in early trading this morning after announcing that first quarter profitability is significantly better than the comparable period of 2010. Revenues in the Engineered Conveyor Solutions division have been bolstered by strong demand from mining companies
Read moreLondon open: Equities becalmed
1st Dec 2011 09:19
Footsie has been bobbing above and below the 5,500 level this morning as the market takes a pause for breath after yesterday's mad rush higher. REPAIR TO THE PUB DIY retailer Kingfisher is a top performer after a well-received trading update. The B&Q owner saw year-on-year like-for-like (LFL) sale
Read moreFenner acquires handling equipment manufacturer
1st Dec 2011 09:08
Reinforced polymer technology manufacturer Fenner's wholly owned subsidiary Fenner Dunlop Americas has acquired the operating assets of Allison Custom Fabrication, from a group of related privately owned entities based in Pennsylvania. The unaudited value of the gross assets of Allison was $6.471
Read moreElektron chairman swoops after profit warning
22nd Nov 2011 14:30
Shares in instrumentation and electronics supplier Elektron took a tumble last Thursday following a profts warning, and have continued falling since, prompting company chairman Keith Daley to whip out his cheque-book and snap up some cut-price shares. Daley, who has been a shareholder in Elektron s
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreFenner sees 30% rise in revenue
9th Nov 2011 08:40
Reinforced polymer technology manufacturer Fenner saw its revenue rise 30% during the year ended 31 August. Revenue rose to £718.3m from £552.5m, while operating profit rose 67% to £82.5m (2010: £49.3m). Profit before tax was up 87% to £69.6m to £37.2m. Chairman Mark Abrahams said: "Our robust
Read moreLondon close: Higher finish after late rally, RBS and Barclays lag
6th Sep 2011 16:44
London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for
Read moreBroker tips: Betfair, Fenner, McBride
6th Sep 2011 12:47
Evolution Securities has said that while Betfair's revenue fell in the first quarter, the result was better than expected. "Despite the revenue decline, we think this is a solid performance against difficult comps," said analyst James Hollins. However, the broker maintains its neutral stance, due
Read moreBroker snap: Brokers impressed after Fenner ups guidance
6th Sep 2011 12:17
Brokers Prime Markets and finnCap have confirmed their buy recommendations on Fenner, after the conveyor belt maker conveyor belt maker announced on Tuesday that numbers for the year ended 31 August are likely to be ahead of market expectations. The reinforced polymer technology upped its guidance
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