London midday: Markets rangebound with focus on central banks
6th Jun 2013 11:39
Markets were rangebound on Thursday morning as traders awaited announcements from the Bank of England (BoE) and European Central Bank (ECB) on monetary policy. There were just 16 points separating the index's intraday low (6,416) and high (6,432), as markets paused for breath following a heavy sell
Read moreFiltrona to change name to Essentra
6th Jun 2013 07:28
Filtrona, the FTSE 250 plastic, fibre, foam and packaging products supplier, has announced that it is to undergo a name change later this month, to the abstract name of Essentra. The re-branding, which will take effect on June 26th, was "specifically chosen to capture what each of Filtrona's busine
Read moreDeputy Chairman at Weir Group buys first stake
13th May 2013 16:27
Weir Group's new Deputy Chairman, Charles Berry, has begun building his stake in the company just two weeks into his new role. Berry, who joined the company at the beginning of the month, purchased 2,000 shares at 2,384.93p each for a total of £47,699. On the same day Berry took up the role, the
Read moreTelecity CEO sells shares as update impresses
7th May 2013 16:19
Michael Tobin, the Chief Executive Officer of data centre operator Telecity, has sold 124,105 shares following the exercise of options over 125,105 shares, taking his stake to 666,000. The shares were traded in at 949.50p each, earning the director in the region of £1.18m. The deal was made on t
Read moreFiltrona completes acquisition of Contego Healthcare
1st May 2013 08:40
Plastics and fibre company Filtrona has completed its acquisition of Contego Healthcare as part of its strategy of complementing balanced, profitable organic growth with value-adding acquisitions. The group said the product portfolio complements its existing packaging solutions capabilities in the
Read moreFriday broker round-up UPDATE
26th Apr 2013 07:24
Admiral Group: HB Markets initiates with a buy recommendation. AstraZeneca: Deutsche Bank takes target price from 3100p to 3160p and leaves its hold recommendation unchanged. Avon Rubber: Investec upgrades from hold to add with a target price of 420p. Betfair Group: Citigroup raises target price
Read moreFiltrona's first quarter beats expectations
25th Apr 2013 09:01
Filtrona said its first quarter performance was ahead of expectations as the plastics and fibre company's revenues rose 12 per cent on the previous year. The group's revenues for the first three months of the year were driven by a 22% growth in filter products and a 24% rise in porous technologies.
Read moreFiltrona appoints Corporate Development Director
15th Apr 2013 12:53
Filtrona, the FTSE 250-listed fibre and foam products provider, has appointed Stefan Schellinger as its Corporate Development Director, starting immediately. Schellinger, who will be responsible for continuing to build and maintain the group's pipeline of merger and acquisition opportunities, prev
Read moreFriday broker round-up UPDATE
22nd Mar 2013 08:48
Afren: Nomura shifts target price from 175p to 180p keeping a neutral rating. ASOS: Nomura increases target price from 2000p to 2630p, while reiterating a neutral rating. Betfair: Panmure Gordon takes target price from 761p to 813p and leaves its buy recommendation unchanged. Brewin Dolphin Holdi
Read moreThursday broker round-up
21st Mar 2013 07:16
ASOS: Citigroup takes target price from 3000p to 4000p and keeps a buy recommendation. Deutsche Bank moves target price from 2600p to 3000p, while maintaining a hold recommendation. Atkins: Liberum Capital ups target price from 880p to 1020p upgrading to buy. Barr (AG): Shore Capital downgrades to
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreWednesday tips round-up: ARM Holdings, Filtrona, Spirit Pub´s
20th Mar 2013 07:26
While chip-maker ARM Holdings has grown substantially over the last eight or so years, and especially in the last three, the company´s situation is, ironically, little changed, although that is not necessarily negative. Thus, it continues to face the need to drive royalty revenues in a fast-evolving
Read moreLondon close: Cypriot vote on deposit tax sinks stocks late on
19th Mar 2013 17:06
After a brief spell in positive territory at lunchtime, UK stocks sunk back into the red by the close of trade on Tuesday as leaders in Cyprus gathered to vote on the deposit tax, a controversial measure deemed necessary to save the country from default. Traders were also nervous ahead of tomorrow'
Read moreFTSE 250 movers: Filtrona rises on acquisition news
19th Mar 2013 15:18
Fibre and foam products provider Filtrona rose after it was announced its subsidiary, FIL International, has signed an agreement for the acquisition of Contego Healthcare. The transaction values Contego at approximately £160m on a cash free, debt free basis. Meanwhile, Ferrexpo led mining stocks
Read moreFiltrona acquires Contego Healthcare for 160m pounds
19th Mar 2013 07:02
FIL International, the subsidiary of FTSE 250-listed fibre and foam products provider Filtrona has signed an agreement for the acquisition of Contego Healthcare from Maximus Holding II S.Á R.L. and Storey Evans & Company. The transaction values Contego at approximately £160m on a cash free, debt f
Read more