Wednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreFiltrona boosts dividend after full year profits climb
21st Feb 2013 07:47
Plastic and fibre group Filtrona posted a leap in both revenue and adjusted pre-tax profit for 2012 on Wednesday, boosted by growth in its Filter Products and prompting a 19 per cent increase to the dividend per share. Revenue for the year came in at £663.4m, compared to £540.7m, up 23% at actual e
Read moreLondon pre-open: FTSE to slump in early trade
21st Feb 2013 07:31
City sources predict the FTSE 100 will open down 39 points from yesterday's close of 6,395, tracking both Asian and US stocks, with the latter sharply lower after minutes were released from the most recent meeting of policy-makers at the Federal Reserve. Polarized opinions as to the effectiveness
Read moreFiltrona forms joint venture with tobacco products producer - UPDATE
21st Feb 2013 07:19
Supplier of speciality plastic, fibre and foam products Filtrona has announced the formation of a joint venture with BBM Bommidala Group in the United Arab Emirates to manufacture filters. BBM is a producer of Indian tobacco products and by-products, and a leading cigarette exporter from India.
Read moreFiltrona's Managing Director of product division resigns
21st Jan 2013 10:38
Plastic and fibre group Filtrona announced Monday the resignation of its Managing Director of the Coated and Security Products division. Tony Edwards will step down to pursue opportunities outside the company. He will remain with the group until end of June and his successor will be announced in co
Read moreLondon close: Stocks hold on to gains despite Eurozone uncertainty
15th Oct 2012 16:25
-Chinese data and US figures lift sentiment -All eyes on Spain and Greece ahead of EU summit -Citi economist predicts 'Grexit' -Spanish 10 year bond yields rise 19bp to 5.82 per cent -Greek 10 year bond yields fall 48bp to 17.56 per cent London's FTSE 100 index finished the day in positive territor
Read moreFTSE 250 movers: SDL sinks on tech slowdown
15th Oct 2012 15:41
Information management firm SDL fell after saying that first-half trends had continued into the third quarter: services sales are strong but technology revenues continue to be 'suppressed'. Investec downgraded the stock from 'buy' to 'hold' today, saying: "We continue to see SDL as an appealing in
Read moreLondon midday: Hargreaves leads risers in morning trade
15th Oct 2012 11:30
- Chinese export data beats forecasts - Eyes on Greece and Spain - Hargreaves Lansdown extends gains. Better-than-expected Chinese export data and hopes for the Eurozone were lifting stocks on Monday morning, with the Footsie up 0.5 per cent by lunchtime. Chinese exports increased at an annual rat
Read moreLondon open: Chinese export data lifts stocks
15th Oct 2012 08:41
- Stocks gain as Chinese exports beat forecasts - EU summit in focus - Goldman downgrades several UK-listed miners UK stocks edged higher in early trading on Monday on the back of some robust export data from China, though gains were only modest as uncertainty in the Eurozone continues to be a drag
Read moreGrowth trend maintained at Filtrona
15th Oct 2012 07:15
Foam products supplier Filtrona was firing on all cylinders in the third quarter with like-for-like sales up by one-tenth year-on-year. Group revenue was up 23% on the third quarter of last year, or 26% on a constant currency (CC) basis. In the first nine months of the year group revenue was up 22%
Read moreLondon pre-open: Stocks seen higher on ECB euphoria
7th Sep 2012 07:37
City sources reckon that the FTSE 100 will up around 12 points higher than yesterday's close of 5,777, with investors likely to focus on yesterday's decision by the European Central Bank (ECB). Global stock markets soared after ECB President Mario Draghi announced that the bank would embark on its
Read moreNew abacus bead-slider at Filtrona
7th Sep 2012 07:12
Steve Crummett is to step down as Group Finance Director of Filtrona to be replaced with immediate effect by Matthew Gregory, currently the foam products supplier's director of Corporate Development. Gregory joined Filtrona in 2003 as Finance Director of the Moss Plastic Parts business. Before bei
Read moreFiltrona director sells shares after strong half year results
10th Aug 2012 15:32
Russ Rogers, the president of Porous Technologies at Filtrona, the FTSE 250 speciality plastic, fibre and foam products supplier, has sold 101,739 shares in the company. Rogers was awarded the shares under the group's long term incentive plan on August 9th and on the same day he sold 23,616 of the
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read more