Genus feeling fairly bullish
4th Jul 2011 07:12
Animal genetics company Genus is feeling bullish about its full-year results, as the markets in which it operates have remained generally favourable. Demand for Genus's genetics has been good, with the exception of porcine demand in Europe, which remained weak. Overall, trading has been in line wi
Read moreWood passes on baton at Genus
25th May 2011 15:04
There is to be a change at the top of animal genetics company Genus, with Richard Wood set to retire as chief executive officer at the end of September. Wood will be replaced by Karim Bitar, who will join the board at the beginning of September. Bitar has more than 15 years experience with US compa
Read moreFTSE 250 movers: Ocado fails to deliver
11th May 2011 15:25
Online grocery firm Ocado - which has a long-term delivery deal with Waitrose - has seen its share price drop after it said sales growth in the second quarter has, as expected, been lower than the first as a result of capacity constraints and the higher incidence of holidays. Garfunkel's and Frank
Read moreGenus rues high feed costs
11th May 2011 12:02
Soaring commodity prices are becoming a problem for the animal genetics company Genus. "Pig prices have kept pace with the increases in feed costs in most countries and, as a result, customer profitability and the demand for Genus' products have been sustained," the company said. "The exception
Read morePace bosses invest after share slump
9th Mar 2011 16:26
Directors at Pace took advantage of a sharp fall in the set-top box maker's share price yesterday to add to their stakes in the company. The shares fell sharply after figures for 2010 showed that hefty one-off costs cut profits growth to a minimum. The BSkyB supplier also said that a US customer ha
Read moreWednesday tips round-up: Anglo American, Informa, Devro...
23rd Feb 2011 06:43
Anglo American has a clear growth strategy, with a pipeline of 60 projects requiring $70bn of investment. It plans to double production of its commodities over the next decade. Anglo's Barro Alto nickel project in Brazil will begin production imminently and its Los Bronces copper expansion in Chil
Read moreLondon close: Rally falls short as Libya casts shadow
22nd Feb 2011 17:00
Strong consumer confidence figures in the US sparked an impressive rally from the top share index this afternoon following earlier gloom over the Libyan turmoil and the higher oil price, but worries re-emerged and the FTSE 100 finished below 6,000. BHP Billiton is one of those that has limped into
Read moreLondon afternoon: Modest rally continues
22nd Feb 2011 14:12
Shares continued to pare the morning's losses over the lunch time trading session, and from a position at the mid-morning stage where only five FTSE 100 constituents were in positive territory, by 2pm that number had grown to around 20. BHP Billiton is one of those that has limped into the black. T
Read moreLondon midday: FTSE plunges below 6,000 on Libya worries
22nd Feb 2011 12:10
Shares are under pressure today as the Libya crisis pushes up oil prices, though precious metal miners are benefitting from defensive buying. Oil prices are higher again, with Brent crude for April settlement rising past $108 a barrel, not good news for British Airways owner IAG, which is one of to
Read moreLondon open: FTSE 100 below 6,000 as Libya casts shadow
22nd Feb 2011 08:24
The FTSE 100 is back below 6,000 points as the ongoing turmoil in Lybia continues to jangle traders' nerves. Oil prices are higher again, not good news for British Airways owner IAG, which is one of today's notable fallers. The high gold price as investors seek a safe haven has lifted African Barri
Read moreLondon pre-open: Footsie to go sub-6,000
22nd Feb 2011 07:39
Yesterday's Libya-fuelled sell-off looks set to continue this morning with traders predicting the blue-chip index will open below the 6,000 level at somewhere around 5,980, 35 points below last night's close. Higher oil prices won't worry coal-fired power station operator Drax, however, though the
Read moreGlobal recovery boosts Genus
22nd Feb 2011 07:06
The global economic recovery helped animal breeding business Genus lift revenues and profits in the half year to 31 December. The firm posted a pre-tax profit of £19.1m, up from £15.5m over the same period the previous year, on revenues that climbed to £153.2m from £134.9m. "The 14% increase in re
Read moreSunday tips round-up: John Laing, Aviva, Genus...
14th Nov 2010 11:48
Construction group John Laing has been operating in the PFI sector for years and not just in Britain. Now the group is listing part of its PFI operations as a separate company, John Laing Infrastructure Fund. JLIF intends to raise up to £270m via a 100p-a-share stock market listing. The money will
Read moreGenus well ahead of last year
11th Nov 2010 16:55
Animal genetics group Genus said adjusted profit before tax in the first four months of the current financial year was well ahead of last year, and in line with the board's expectations. The recent increase in animal feed costs has eroded short term profitability for many pig producers, but while
Read moreBroker tips: Xstrata, Talvivaara, Genus
11th Nov 2010 13:19
Panmure Gordon has updated its Xstrata estimates to reflect stronger actual commodity prices but has retained a 'hold' recommendation for the mining giant. The continued strength of the South African rand has also had an impact on the broker's projections. Analyst Alison Turner said that with inves
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