Weak fossil power market mars IMI progress
11th Nov 2010 12:14
Shares in engineering group IMI fell after a mixed trading update. The company reported good progress across most areas in the period since the start of July, with strong performances from beverage dispense, indoor climate and in particular fluid power divisions. But the 'Severe Service' division
Read moreTuesday tips round-up: IMI, Xaar, Intercontinental Hotels...
26th Oct 2010 06:43
IMI, the international valve-maker based in Birmingham, is shelling out €135m (£120m) for Germany's Zimmermann & Jansen (Z&J), in what analysts tip to be the first of a spending spree that could reach £1.8bn. City analysts not only commended yesterday's deal but said they expected more, buy says the
Read moreLondon close: Miners keep Footsie in the blue
25th Oct 2010 17:04
Were it not for the strength of miners today Footsie would undoubtedly have ended in the red, as many share prices experienced a late swoon. Miners were wanted on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end
Read moreLondon afternoon: Miners retain most of their gains
25th Oct 2010 14:28
London has lost some of its gains in the early afternoon but it is showing signs of a renewed upturn. Miners remain the best performers on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end to so-called currency w
Read moreLondon midday: Banks miss out
25th Oct 2010 12:05
Having got off to a flying start London spent the mid-morning period slowly relinquishing its gains before regaining impetus just before midday. Miners continue to lead the advance on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adh
Read moreLondon open: Currency issues lift miners
25th Oct 2010 08:48
Blue chip rose sharply as the softer dollar lifted commodity prices higher. Most Asian markets did well as the G20 economic powerhouses promised to work together to avoid "competitive devaluation" of currencies. That has been interpreted as a signal for the dollar to slide further, which has encou
Read moreIMI buys German valves firm
25th Oct 2010 08:05
Engineer IMI is buying Zimmermann & Jansen, a German severe service valves and related flow control products firm, for an enterprise value of €135m. The British company wants to merge Z&J, which supplies steel mills, petroleum refineries and the chemical industry, into its Severe Service division t
Read moreMARKET TALK: UBS Raises IMI Price Target
21st Jul 2010 10:37
0937 GMT [Dow Jones] UBS raises IMI (IMI.LN) price target to 800p from 720p, saying it expects 2Q trading to have been strong. Raises '10 EPS estimate to 63p from 60.9p and '11 EPS estimate to 70.8p from 67.4p. "We think investor focus on returns...and free cashflow generation (yield 8%) provides fu
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 10:37
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0937 GMT [Dow Jones] UBS raises IMI (IMI.LN) price target to 800p from 720p, saying it expects 2Q trading to have been str
Read moreDerwent Valley executives sell
18th Jun 2010 16:28
Chief executive John Burns and head of development Simon Silver have both reduced their stakes in real estate investment trust Derwent Valley. Burns raised just over £1m from the sale of 76,000 shares at £13.30 each. Silver sold 45,000 shares at the same share price and raised just short of £600,0
Read moreFriday tips round-up: IMI, Persimmon, Bluebay
23rd Apr 2010 06:51
Five months after above-forecast profits prompted it to bring forward its trading statement, IMI is at it again. The mid-cap maker of valves and hydraulic controls yesterday broke its silence two weeks earlier than planned, telling the stock market that its outlook for the first-half of 2010 has "
Read moreLondon close: Greek problems resurface
22nd Apr 2010 16:45
Worries about Greece's debt situation knocked global markets and kept Footsie in the red at the close. Greece's financial situation came under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated, and warned
Read moreLondon afternoon: No help from US
22nd Apr 2010 14:59
Footsie is not being helped by the US, which has started deep in the red, as worries about Greece's debt situation knocks global markets. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7
Read moreFTSE 250 movers: Persimmon builds good gains
22nd Apr 2010 12:34
Housebuilder Persimmon is a top riser after it said sales have remained consistent since it last updated the market on March 2, despite uncertainty over the state of the economy and the coming general election. Peers Redrow and Taylor Wimpey are also posting good gains. It's been only seven weeks
Read moreLondon midday: Greek worries resurface
22nd Apr 2010 11:56
Footsie remains deep in the red now as concerns about Greece's debt situation resurfaced. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated. Financials are the majo
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