Thursday broker round-up
2nd Aug 2012 10:00
Aggreko: Investec keeps buy rating and 2,520p target. Antofagasta: UBS lifts tagged from 850p to 870p, sell rating unchanged. BAE Systems: Investec maintains hold rating and 290p target. Drax: AlphaValue downgrades to reduce. ENRC: UBS cuts tagged from 640p to 615p, buy rating maintained. Filtr
Read moreFTSE 250 movers: Cape dives on profit warning
1st Aug 2012 15:41
Shares in Cape, the support services firm focused on the energy sector, plunged following a profit warning. The group is unlikely to meet previous expectations for 2012, with problems likely to continue into 2013, despite a restructure of the Australian part of its business. Meanwhile, speciality
Read moreFiltrona well positioned for further growth
1st Aug 2012 08:23
Speciality plastic, fibre and foam products supplier Filtrona said it is well positioned to deliver growth for the full year as it reported a 24 per cent increase in half year revenue. Revenue at constant FX grew to £324.8m for the half year ended 30 June 2012 from £268.6m the same time a year earl
Read moreMonday broker round-up
9th Jul 2012 08:13
BAE Systems: Jefferies reiterates buy recommendation and 350p target. Britvic: Societe General cuts target from 450p to 400p, buy rating unchanged. Filtrona: Citigroup downgrades to neutral, target lifted from 470p to 515p. Genel Energy: Oriel Securities initiates with buy recommendation. Halfor
Read moreTuesday broker round-up
19th Jun 2012 08:16
APR Energy: UBS slashes target from 860p to 690p, sell rating unchanged. BHP Billiton: Jefferies keeps buy rating. Bumi: JP Morgan Cazenove initiates coverage with buy rating and 520p target. Computacenter: UBS cuts target from 530p to 465p, buy recommendation kept. Dixons Retail: Bank of Americ
Read moreFiltrona acquires wiping materials firm
14th Jun 2012 07:05
Filtrona, the supplier of speciality plastic, fibre and foam products, has bought Lymtech Scientific, a manufacturer and distributor of porous speciality wiping materials used within the clean environments. The purchase was made for a cash consideration of $45.3m, on a debt-free basis, funded from
Read moreFiltrona like-for-like sales rise
24th Apr 2012 07:50
Filtrona, the FTSE 250 supplier of speciality plastic, fibre and foam products, remains one of the stars of the market after reporting growth across all its divisions in the three months to the end of March. Total sales grew by 21%, or 22% on a constant currency basis. Total like-for-like sales inc
Read moreLondon open: Cautious start after yesterday's sell-off
11th Apr 2012 08:27
- Miners rebound after steep losses yesterday - Eyes on Spanish yields as industrial output slips - BT falls after downgrade The Footsie swung between gains and losses on Wednesday morning after closing at a four-month low the day before. The blue chip index lost 2.24 per cent on Tuesday to finish
Read moreAnother director dealing for Dunelm; AZ Electronic tech officer makes sale
8th Mar 2012 15:35
Donna Wharton, wife of Nick Wharton, the Chief Executive of homewares firm Dunelm, has topped up her stake in the company with 9,500 shares. Wharton's purchase, which saw her buy the shares at 480.00p each for a total of £45,600, came just a day after Will Adderley, Executive Deputy Chairman, anno
Read moreFTSE 250 movers: Bodycote leaps as profits surge
23rd Feb 2012 13:29
Shares in metals and alloys treatment firm Bodycote rocketed after it said profit surged 68% helped by strong demand at its aerospace and defence unit and robust sales overseas. The group said despite economic headwinds, particularly in Europe, the business would continue to make progress in the com
Read moreThursday broker round-up - UPDATE
23rd Feb 2012 08:31
Bodycote: Credit Suisse raises price target on Bodycote to 380p from 350p. Royal Bank of Scotland: Nomura keeps reduce rating and 26p target. British American Tobacco: Nomura maintains buy rating and 3,320p target. RSA Insurance: Nomura reiterates buy rating and 148p target. Anglo American: Alp
Read moreThursday tips round-up: Hays, Filtrona, Logica...
23rd Feb 2012 06:47
In the Times, Tempus looks at the CV of recruitment firm Hays which yesterday announced a 55% cut in its interim dividend. The UK and Ireland division made a £3m loss and has been forced to close offices to cut costs. The other divisions covering the Continent and Asia Pacific did well. Currently
Read moreWednesday broker round-up - UPDATE
22nd Feb 2012 09:32
Vodafone: Credit Suisse cuts target from 175p to 170p, outperform rating kept. Vedanta Resources: Credit Suisse maintains neutral rating and 1,400p target. AMEC: UBS raises target from 1,225p to 1,325p, buy rating unchanged; Nomura raises target from 1,130p to 1,240p, buy rating unchanged. HSBC:
Read moreFiltrona grows margins and revenues
22nd Feb 2012 08:15
The plastic and fibre specialist, Filtrona, saw revenues grow across all divisions in 2011 even as it passed on cost increases to its customers. Turnover for full year 2011 at £540.7m was up 10% versus £489.6m in 2010. With the effects of currency movements stripped out the rise was 11%, while also
Read moreFiltrona acquires Richco for $110m
18th Nov 2011 08:42
Filtrona, an international supplier of speciality plastic and fibre products, has acquired of 100% of the share capital of plastics manufacturer Richco for a cash consideration of $110m. The amount is payable on completion of the transaction to various Richardson family trusts. Richco generates
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