London open: Shares slightly lower
22nd Apr 2010 08:13
London's top stocks have opened slightly lower after the US gave up most of its gains before trading closed last night. Bus and rail operator Arriva has agreed to be taken over by Germany's Deutsche Bahn in a £1.59bn deal that will create a new European transport giant. Under the terms of the deal,
Read moreOrders and margins improving at IMI
22nd Apr 2010 07:53
It's been only seven weeks since it announced its preliminary results but since then the outlook for the first half of 2010 has improved substantially for engineer IMI. The company has seen a higher than anticipated level of orders in its Fluid Power division in the first four months of 2010, while
Read moreSector movers: Engineers motor higher
4th Mar 2010 13:55
Well received results from IMI and Spirax-Sarco have helped lift the industrial engineering sector higher. IMI posted a sharp fall in profits and revenues in 2009, but said its concentration on niche areas helped it maintain strong margins. The company, whose activities include fluid power and bev
Read moreFTSE 250 movers: Spirax-Sarco steams ahead
4th Mar 2010 13:54
Spirax-Sarco, the engineer that provides services and products for steam-using and specialist peristaltic pumping markets, is higher after it posted record sales and profits in 2009, with a large helping hand from the weakness of sterling. Fellow engineer IMI is also posting strong gains. The compa
Read moreIMI revenues slip
4th Mar 2010 13:47
Engineer IMI posted a sharp fall in profits and revenues in 2009, but said its concentration on niche areas helped it maintain strong margins. Pre-tax profits in the year to December 31 fell to £176m from £186.2m as revenues dropped to £1.792bn from £1.901bn. Norman Askew, the chairman of the com
Read moreTaylor Wimpey chairman Askew to leave in 2010
4th Dec 2009 07:18
Taylor Wimpey's chairman Norman Askew has said he will leave the board of the housebuilder by the end of December 2010. Askew, also chairman of engineer, IMI, has been chairman of Taylor Woodrow since July 2003 and continued his role when the company merged with Wimpey in July 2007. A process to r
Read moreBroker snap: Earnings upgrades due at Cookson
10th Nov 2009 12:56
The share price of Cookson rose by almost one-tenth on Tuersday morning after the engineer and ceramics group said it expects trading profit this year will be at the upper end of market forecasts. Not surprisingly, Altium Securities saw no reason to adjust its 'buy' recommendation for the stock, an
Read moreTuesday tips round-up: G4S, IMI, Hiscox
10th Nov 2009 06:05
Security firm G4S reported organic growth, which excludes the impact of acquisitions, down slightly to 4.2pc for the first nine months of the year, compared with 4.8pc in the first half. This is still a good result considering the current climate. They still look good value at around 12 times next y
Read moreLondon close: Miners power Footsie gains
9th Nov 2009 16:31
Mining stocks were at the vanguard of a strong advance from FTSE 100 as commodity prices were boosted by plans outlined by world leaders over the weekend to continue with stimulus measures. Kazakhmys, Fresnillo, Rio Tinto and Vedanta were some of the best performers in the mining sector. Mining g
Read moreLondon afternoon: Cadbury rejects Kraft bid
9th Nov 2009 14:23
After all the waiting and speculation, the formal bid for Cadbury from US group Kraft Foods proved a disappointment, but it has not dampened sentiment in a buoyant London market. Kraft formally announced a bid for Cadbury on the same terms as the indicative offer announced at the beginning of Septe
Read moreFTSE 250 movers: IMI motors higher
9th Nov 2009 13:48
Shares in IMI have jumped after the engineer said it expects earnings this year to come in "materially higher" than previously forecast as higher margins have offset a sharp fall in revenues. JKX Oil & Gas is higher after saying oil and gas production levels were both higher in the third quarter. T
Read moreLondon midday: Footsie bursts through 5200
9th Nov 2009 11:58
With the price of gold crashing through the $1,100 and other metal prices on the up, miners are leading a strong advance by Footsie. Demand for mining stocks has been spurred by comments at the close of the G20 summit pledging a continuing commitment to providing economic stimulation to the world e
Read moreIMI earnings to be 'materially higher' than forecast
9th Nov 2009 07:55
Engineer IMI expects earnings this year to come in " materially higher" than previously forecast as higher margins have offset a sharp fall in revenues. "We expect operating margins for the second half of the year to be better than previously expected and in excess of 14%. We expect earnings per sh
Read moreBroker tips: Income stocks, miners
23rd Oct 2009 13:13
US bank Citigroup has been casting its eye on income shares and reckons the sectors to focus on are telecoms and insurance, which look cheap when compared to banks and utilities. The US bank says UK equities still look good value on a dividend basis, and highlighted telecoms giant Vodafone and mini
Read moreBroker snap: Look to equities for income, Citi says
23rd Oct 2009 13:11
US bank Citigroup has been casting its eye on income shares and reckons the sectors to focus on are telecoms and insurance, which look cheap when compared to banks and utilities. The US bank says UK equities still look good value on a dividend basis, and highlighted telecoms giant Vodafone and mini
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