Halma acquires US fire detection and suppression business
6th Oct 2015 07:38
(ShareCast News) - Halma has acquired Firetrace USA in a $110m (£72.8m) deal. The safety, health and environmental technology group announced on Tuesday it will purchase the Arizona-based company from private shareholders. Firetrace designs and manufactures automatic fire detection and suppression
Read moreHalma posts H1 strong order intake, trading in line
23rd Jul 2015 10:41
(ShareCast News) - Health and safety technology group Halma said it continued to achieve organic revenue growth during the first quarter of the financial year thanks to order intake and a favourable currency impact. The company said its order intake has been ahead of revenue and it enjoyed a positiv
Read moreJefferies starts Halma at 'buy'
30th Jun 2015 14:27
Jefferies initiated coverage of Halma at 'buy' with an 880p price target. It said the core attractions are sector-leading returns, strong market shares in niches with clear long-term structural drivers and an innovative business model. "The many subsidiaries, for some, make it a more difficult busi
Read moreHalma's full-year profit dips despite record revenue
11th Jun 2015 08:20
Halma reported record revenue in its full-year results, but slightly lower profit, as costs related to restructuring and acquisitions provided a drag. Pre-tax profit dipped 4% to £133.6m for the 12 months to 28 March, from £138.7m over the same period a year earlier. This comes as a 7% swell in rev
Read moreWednesday tips round-up: Babcock International, Halma
11th Feb 2015 09:24
Some of the frothiness has now come out of the share price of engineering support services firm Babcock International, making them a buy, says The Times's Tempus. Investors are chiefly worried about the implications for its business of the looming elections. However, concerns regarding its exposure
Read moreHalma on track to hit full-year profit targets
10th Feb 2015 10:12
Health, safety and environmental tech group Halma expects pre-tax profit to be in line with full year expectations based on current trading and forecasts. The second half of the financial year, ending 28 March 2015, is expected to continue the trading patterns established in the first half, with org
Read moreFTSE 250 movers: Miners and oil companies trading higher, Halma hit by downgrade
9th Feb 2015 13:51
Halma took its biggest one day fall since May 2010, as JP Morgan downgraded the stock from 'neutral' to 'underweight'. Man Group was among the fallers despite an increased price objective from analysts at Liberum Capital, from 145p to 213p. Polymetal International and Kaz Minerals were putting in d
Read moreHalma boss appointed to Capita board
23rd Dec 2014 07:26
Outsourcing company Capita has appointed Halma's boss Andrew Williams to its board as an independent non-executive director. Williams, who has been the chief executive of safety, health and environmental technologies group Halma since February 2005, will join the FTSE 100 company on 1 January 2015.
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreHalma raises dividend 7% as first half profits rise
18th Nov 2014 07:59
Halma reported a 6% rise in first half pre-tax profit to £69m, driven by a strong performance in the US and growth in its process safety, infrastructure safety and medical divisions. The safety, health and environmental technology group said revenue increased 2% to £340.9m, offset by advert currency
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreThursday broker round-up UPDATE
2nd Oct 2014 10:11
BAE Systems: Investec downgrades from hold to sell with a target price of 430p. British Sky Broadcasting: Credit Suisse ups target price from 600p to 630p and reiterates an underperform rating. Cobham: Investec lowers target price from 290p to 280p and stays with its reduce rating. Consort Medical
Read moreFTSE 250 movers: Howden Joinery rises on strong first half
24th Jul 2014 15:26
First-half results from Howden Joinery received a warm welcome from the market as the kitchen and joinery products group delivered a decent jump in interim profits and reported a strong start to the second half. Howden-branded UK depots generated revenue of £428.2m in the first half, up 11.6%, helpe
Read moreHalma revenues lifted by safety divisions
24th Jul 2014 11:36
Despite a mixed performance across its divisions and regions, health and safety group Halma reported organic revenue growth momentum continued into the first quarter of its new financial year. The FTSE 250 group achieved order intake at 103% of revenue, which, together with the three acquisitions c
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
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