Revenue ahead as Ibstock retains optimism
5th Aug 2016 08:46
(ShareCast News) - Clay brick and concrete products manufacturer Ibstock announced its unaudited results for the six months to 30 June on Friday, with group revenue reaching £210.0m compared with £148.9m a year ago, although the comparative period only includes four months' trading results. The FTSE
Read moreFTSE 250 movers: Precious metals miners knocked lower
20th Jul 2016 17:01
(ShareCast News) - Electrocomponents paced gains on the second-tier index after the electrical components distributor said its first quarter sales to 30 June grew only 1%, but that was a slowdown from the 3.5% rise recorded in the first six weeks of the period. It was also down from the 2% growth in
Read moreSunday share tips: Ibstock, Forterra, Asda, Tesco, Sainsbury
10th Jul 2016 16:35
(ShareCast News) - Don´t try to catch a falling brick was the view of The Sunday Times´s Danny Fortson regarding shares in Ibstock and Forterra. Stock in both brick-markers had tanked by almost 40% since the Brexit vote and in the case of the latter analysts at Deutsche Bank believed they had been '
Read moreFTSE 250 movers: Broader rebound outweighs ongoing housing rout
30th Jun 2016 15:29
(ShareCast News) - The FTSE 250 continued to rally on Thursday alongside its blue chip sibling as a broad-based rebound across sectors outweighed continued softness for housing-related stocks after the Brexit vote. Half an hour before the close, the FTSE 250 was up 0.65% to 16,106.31. Some of t
Read moreFriday broker round-up
27th May 2016 16:29
(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreIbstock falls after longer brick supply chain blockage
26th May 2016 09:11
(ShareCast News) - Brick maker Ibstock said the slow start to the year for its UK clay business had lasted fourth months before reaching a positive plumb-line. The FTSE 250 group said UK brick sales into the key new residential sector have grown but were slowe than expected due to destocking in the
Read moreWednesday broker round-up
6th Apr 2016 14:37
(ShareCast News) - Electrocomponents: Credit Suisse upgrades to neutral with a target price of 250p. Telecom Plus: Berenberg Bank downgrades to hold, 250p target. Informa: Berenberg Bank maintains hold with a target price of 725p. ITV: Credit Suisse reiterates outperform with a target price of 310
Read moreIbstock grows in first report as listed company
10th Mar 2016 08:47
(ShareCast News) - Ibstock revealed what looked like a year of solid growth on Thursday, as it published its first results as a listed company. Adjusted revenue at the FTSE 150 brick manufacturer improved 10.6% during the period to £412.8m, with adjusted EBITDA up 64.7% to £107m. The company's adju
Read moreFTSE 250 movers: Banking and investment firms drive market down
3rd Feb 2016 16:14
(ShareCast News) - The FTSE 250 was down 289.58 points (1.78%) to 16,010.10 shortly before the close on Wednesday. Allied Minds continued to fall after rising earlier in the week on the back of news its subsidiary Federated Wireless completed a successful $22m (£15.4m) Series A Preferred fundraising
Read moreIbstock appoints BAE exec and Dialight director to board
3rd Feb 2016 07:43
(ShareCast News) - Ibstock has appointed Tracey Graham and Lynn C. Minella to the board as non-executive directors with immediate effect. It brings the make up of the board of the FTSE 250 brick and concrete producer to four independent non-executive directors, two executive directors, together
Read moreHigher brick demand boosts revenues at Ibstock
18th Jan 2016 07:31
(ShareCast News) - Booming brick sales led to a sturdy 9% rise in 2015 revenues at building materials maker Ibstock. The company said it expected adjusted earnings before interest, tax, depreciation and amortisation to be in line with expectations. Revenue from clay and concrete products in the UK,
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreDirector Deals: Computacentre chairman Lock builds stake
28th Oct 2015 10:01
(ShareCast News) - Greg Lock, chairman of Computacentre, has been building up a small stake in the company over the days since the company's unspectacular results. Lock purchased 17,200 shares at an average price of 752.5p and his wife, Rosemary, a further 30,800 at the same price. This followed pur
Read moreBrick-maker Ibstock builds small gain after IPO
27th Oct 2015 13:50
(ShareCast News) - Brick-maker Ibstock's shares traded higher on their first day of dealings after the company floated on the London Stock Exchange on Tuesday. The company, which is based in the Leicestershire village of Ibstock and is the country's leading manufacturer by volume of clay bricks, pri
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