Filtrona 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
Read moreLondon close: Higher finish amid euro optimism
14th Oct 2011 16:46
The top share index closed off earlier highs but still buoyant ahead of the weekend amid optimism after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF
Read moreLondon midday: Stocks rise after Slovak vote
14th Oct 2011 12:18
The top share index is buoyant after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF), was approved by Slovak MPs, two days after they voted against the
Read moreRobust sales at Filtrona
14th Oct 2011 09:50
Filtrona, the maker of cigarette filters and other fibre and plastic products, has seen continued strong demand in the third quarter. Revenue for the period was up 10% compared the same period last year. Net debt stood at £80m at 1 October, a £2m reduction since end-June, benefiting from continu
Read moreLondon pre-open: Slovak vote to give a small lift
14th Oct 2011 07:21
The ratification at the second attempt by the Slovak parliament of the expansion of the European bail-out fund has given sentiment a small boost, and London's top shares look set to start the day on the front foot. City sources predict the FTSE 100 will open around 30 points up from yesterday's cl
Read moreTVC Holdings founder invests
9th Sep 2011 16:33
The chairman and founder of TVC Holdings, an investment firm focused on Irish companies, has upped his stake in the company, spending about £300,000. Shane Reihill took 500,000 shares at €0.70 a time and now has 21,668,322, which is about 21.4% of the company. Reihill founded TVC in 1997. He also
Read moreLondon close: Results drive stocks higher, Man up after upgrade
24th Aug 2011 16:38
Stocks finished with good gains after an uncertain start, with strong economic data from the US overriding the earlier mixed reception to today's raft of company updates. US orders for goods made to last more than three years, such as planes, cars and washing machines, rose by 4% in July, having fa
Read moreLondon midday: Stocks mixed after stream of updates
24th Aug 2011 12:10
The leading share index is flitting between red and blue amid differing receptions for today's stream of updates. Investors in Admiral are feeling mutinous despite pre-tax profits growing by 27%. However, according to a Thomson Reuters poll, the result was a slight miss. Miner BHP Billiton is hig
Read moreFiltrona confident after profits grow
24th Aug 2011 10:13
Speciality plastic and fibre products supplier Filtrona said it well placed for further growth despite economic uncertainty as it posted a rise in revenues and profits. In the six months to 30 June, revenue jumped to £268.6m from £247.6m over the same period the previous year, while pre-tax profits
Read moreC&W Comms rallies as boss buys
27th Jun 2011 15:51
Shares in Cable & Wireless Communications were in demand Monday after it revealed the telecom company's chief executive Anthony Rice shelled out nearly £1m on shares. Rice bought 2.5m shares at 37.63p a pop. His latest purchase comes on the back of steady falls in the company's share price followin
Read moreBroker tips: Mulberry, Micro Focus, Filtrona
16th Jun 2011 11:44
Merchant Securities has hailed Mulberry's preliminary results as a "very strong performance" and placed its numbers and ratings under review. While the broker notes that the stock is not cheap, trading on a forward 2012 price-earnings multiple of 40, "given the excellent performance, bullish outlo
Read moreBroker snap: UBS sees catalysts ahead at Filtrona
16th Jun 2011 11:38
Despite UBS expecting the shares of Filtrona to trade sideways until a strategic review on 25 August, the broker raises its target price by 55p, saying that it is "[o]nly the beginning of the new day." "From here, we believe the investment case will be more focused on the actual delivery rather tha
Read moreFiltrona trading in line
14th Apr 2011 14:46
Speciality plastic and fibre products supplier Filtrona said trading in the first quarter of 2011 was in line with management expectations, though judging by the share price reaction, the market was pleasantly surprised. Company revenue rose 8% from the first quarter of 2010, or by 9% on a constan
Read moreBoss' s wife splashes out on Standard Life shares
11th Mar 2011 17:18
The wife of Standard Life's chief executive has spent nearly £300,000 on a stake in the insurer, the day after the company announced it had a "good" 2010. Caroline Nish, wife of David, bought 125,000 shares at 2,24p a time, taking the couple's stake to about 550,000 shares. The UK's fourth-largest
Read moreFD's wife snaps up Micro Focus shares
3rd Mar 2011 16:51
The wife of Micro Focus International finance director Mike Phillips has taken advantage of the weak share price to invest £90,000 in the software provider's shares. Mrs Josephine Phillips has bought 29,139 shares at 308.86p each. That takes her stake to 69,139 shares. The shares were trading at
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