Fenner to acquire plastics firm in US
9th Aug 2012 15:19
Reinforced polymer technology firm Fenner is planning to acquire the majority of the assets of American Industrial Plastics (AIP), a privately owned company based in Florida, US. Under the deal, which is expected to complete in early September, Fenner will acquire the firm through a newly incorpor
Read moreFenner buys Norwegian Seals
7th Aug 2012 14:26
Polymers firm Fenner said it is to buy up Norwegian Seals, a privately owned group of companies with operations in Norway and the UK. Norwegian Seals manufactures performance critical seals for the oil and gas market, with particular emphasis on subsea, well head and down hole applications. Fenn
Read moreFriday broker round-up
13th Jul 2012 09:11
Aegis: Exane BNP Paribas downgrades to neutral, target upped from 220p to 240p; UBS downgrades to neutral, target upped from 195p to 240p; HSBC downgrades to underweight, target upped from 180p to 240p. Anglo American: Liberum Capital downgrades to hold. Ashmore: Singer Capital Markets downgrades
Read moreFTSE 250 movers: Aegis leaps after takeover news
12th Jul 2012 14:52
The relatively brief stock market history of Aegis is set to come to an end with the media and digital communications group agreeing to a takeover by Japanese advertising agency Dentsu. Dentsu is offering 240p in cash for each Aegis share, almost half as much again as the shares were trading at in L
Read moreThursday broker round-up
12th Jul 2012 08:41
African Minerals: Credit Suisse cuts target from 800p to 740p, outperform rating kept. Anglo American: Credit Suisse cuts target from 2,900p to 2,500p, neutral rating unchanged. Antofagasta: Credit Suisse cuts target from 1,300p to 1,150p, neutral rating kept. Aquarius Platinum: Credit Suisse cut
Read moreFenner confident of meeting full year expectations
12th Jul 2012 08:41
Reinforced polymer technology firm Fenner has reported 'solid progress' since March 1st, having generated revenue and earnings in line with expectations. As a result, the company remained confident of meeting its full expectations for the year. The Engineered Conveyor Solutions division continue
Read moreSector movers: Havens appeal as World Bank cuts growth forecast
13th Jun 2012 16:34
With concerns mounting once more over the Eurozone debt crisis ahead of this week-end's Greek General Election investors were happy to seek out the relative safety of utilities such as power providers SSE and Drax. SSE's appeal was underlined by Barclays, which suggested clients be overweight in th
Read moreBroker tips: Sainsbury, Whitbread, Fenner
13th Jun 2012 14:48
Sainsbury is in the doldrums after its first quarter update disappointed slightly, but Panmure Gordon argues the supermarket giant put in a decent shift, considering the miserable weather in April. Like-for-like sales (excluding fuel) rose by 1.4% year-on-year, which was below the range of expectat
Read moreBroker snap: Fenner to win out in the long term
13th Jun 2012 14:42
finnCap has revisited its earnings forecasts for conveyor belt maker Fenner as the broker is now taking a more downbeat view on the impact of US coal activity on conveyor demand. The broker has not altered its view of the engineering group's Advanced Engineering Products division, just the Advanced
Read moreThursday broker round-up
3rd May 2012 09:15
Afren: finnCap downgrades from buy to hold. Carnival: Shore Capital upgrades from hold to buy. CSR: Jefferies reiterates buy rating and 290p target. Fenner: Credit Suisse downgrades from outperform to neutral, target cut from 540p to 480p. Ferrexpo: Renaissance Capital upgrades from hold to buy.
Read moreTwo Fenner directors snap up shares
26th Apr 2012 15:38
John Sheldrick, a Non-Executive Director of FTSE 250 polymer technology firm Fenner, bought himself 10,000 shares just one day after the company unveiled a 53 per cent increase in pre-tax profit. Sheldrick purchased the shares for 440p each, for a total of £44,000. This represents 0.005% of Fenner
Read moreRobust mining and energy demand at Fenner
25th Apr 2012 07:13
Reinforced polymer technology firm Fenner unveiled a 53 percent increase in pre-tax profit for the half year ended 29 February after bumper demand from its energy and mining customers. Underlying pre-tax profit increased to £48.1m while pre-tax profit rose to £41.7m from £26.6m the previous year. R
Read moreLondon close: Stocks surge ahead of Greek debt-swap deadline
8th Mar 2012 16:31
- Greek debt-swap participation rate estimated at 61 percent. - BoE, ECB keep rates on hold. - ECB cuts growth forecasts for Eurozone. The Footsie finished in the day in a bullish mood on the back of optimism that Greece will reach its participation target for the debt-swap deal to avoid a disorder
Read moreFTSE 250 movers: Imagination fired by high expectations
8th Mar 2012 13:33
Computer graphics chip specialist Imagination Technologies leapt after it said strong momentum in the first half has continued and it expects full year results to achieve good growth. Polymers firm Fenner has reported a strong trading period for the six months ended February 29th 2012, with operat
Read moreLondon midday: Momentum continues as BoE stays put
8th Mar 2012 11:43
- BoE maintains interest rates and asset purchases. - Greek debt-swap participation rate estimated at 60 percent. - Miners lift the Footsie higher. The earlier momentum had continued by lunchtime after the Bank of England announced that it has decided to maintain its interest rates at 0.5 percent,
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