Thursday broker round-up UPDATE
6th Mar 2014 09:10
Advanced Medical Solutions: Investec ups target price from 97p to 121p and keeps a buy recommendation. African Barrick Gold: Investec increases target price from 132p to 206p, but still recommends selling. Arcontech: Northland shifts target price from 0.20p to 0.24p and keeps a buy recommendation.
Read moreFTSE 250 movers: Soco Intl leaps after beating own production guidance
5th Mar 2014 15:01
Soco International beat its own 2013 oil and gas production volume guidance, pumping just shy of 17,000 barrels of hydrocarbons per day. Revenues fell 2.2% to $608.1m, with earnings before interest, tax, depreciation, amortisation and a non-cash $92m exploration write-off down 4.7% to $472.9m. Cana
Read moreLondon pre-open: Stocks set for decline despite record US finish
5th Mar 2014 07:18
- Strong finish in US with S&P at record high - FTSE to open lower - Focus on US ADP jobs survey UK stocks are set to open lower today, despite another record performance by the S&P 500 in the US as well as strong gains in Japan overnight. City sources predict the FTSE 100 will open 19 points bel
Read moreGrafton lifts full-year profit as markets improve
5th Mar 2014 07:12
- Full-year underlying profit rises 35 per cent - Improved trading conditions in UK and Ireland - Increases total dividend payment by 21 per cent Irish builders merchants and DIY group Grafton ramped up full-year profit and its dividend payment as trading conditions improved in the UK and Ireland a
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreGrafton sales rise as economy picks up
9th Jan 2014 08:15
- Lifts annual revenue as trading conditions improve - On course to meet full-year profit in line with guidance - Cautious stance towards 2014 prospects Irish builders merchants and DIY group Grafton said annual revenue increased eight per cent as trading conditions in the UK and Ireland gathered p
Read moreWednesday broker round-up UPDATE
20th Nov 2013 08:46
Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.
Read moreThursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read moreGrafton profit in line with targets, Nualláin new CFO
10th Jul 2013 08:23
Irish builders merchants and DIY group Grafton said half year operating profit will be in line with market expectations, following restructuring measures put in place last year. The group also confirmed that David Arnold will be its new Chief Financial Officer following the retirement of Colm ó Nua
Read moreGrafton Group reports revenues rise for 2012
9th Jan 2013 09:53
Grafton Group said on Wednesday revenues for last year increased by almost 6 per cent as the company's merchanting business grew. In a trading statement for the year end of December, the group reported revenues of €2.17bn compared to €2.05bn the previous year. The firm anticipated operating profi
Read moreGrafton Group profits jump but economic worries remain
31st Aug 2011 11:40
Grafton Group, the DIY and building supplies company, saw profits jump in the six months to the end of June. The firm posted pre-tax profits of €15.1m, up 13% on the previous year. It also increased its dividend by 10% to 2.75c. But the company, which trades under the Buildbase, Plumbase, Jackson
Read moreGrafton struggles in Ireland
8th Jul 2011 10:14
Grafton Group, the DIY and building supplies company, has reported a slight increase in revenues for the first half of 2011, with a strong performance in Britain offsetting weakness in Ireland. Group turnover was €997m (£893m), compared to €979m in the first half of 2010. The firm, which trades un
Read moreIreland still a drag on Grafton
4th May 2011 16:50
UK and Ireland-focused builders merchant group Grafton Group said turnover in Ireland is still declining in 2011, but not as fast as it was. Group turnover for the four months to 30 April 2011 was €642m, up 4.0% year on year. Average daily UK like for like sterling turnover increased by 5.8%, while
Read moreGrafton's sales reach €2bn
7th Jan 2011 13:39
UK and Ireland-focused builders merchant group Grafton Group said that revenue grew 1% in 2010, with a strong increase in UK merchanting sales. Grafton, which is the largest home improvement retailer in Ireland, said that turnover for the year ended December reached €2bn, compared with €1.98bn prev
Read moreSmall caps round-up: Gooch & Housego, Pinnacle Telecom, Clyde Process Solution
13th Jul 2010 10:52
Shares in Gooch & Housego jumped after the optical components and systems maker upped its expectations for revenues and profits for the year ending 30 September. Investors cheered news that Pinnacle Telecom has been awarded a £750,000 one-year contract to supply integrated telecommunications for Gr
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