FTSE 250 movers: Foxtons dives after issuing profit warning
23rd Oct 2014 15:59
Estate agency group Foxtons plunged after it delivered a profit warning after being hit by the slowdown in the UK property market. The company said that full-year operating profits would be "below the prior year figure of £49.6m". Ladbrokes failed to impress with its third quarter results, which sho
Read moreInchcape reports 'strong' third quarter performance, despite currency headwinds
23rd Oct 2014 10:19
Automotive retail and services company Inchcape reported a strong third quarter performance, with revenue up 10.6% year-on-year at £1.697bn at constant currency. At actual currency revenue climbed 4.4% and 6.0% on a like-for-like basis. Total revenue for the first nine months to the end of Septembe
Read moreFTSE 250 movers: RPC jumps after upping revenue forecast
30th Sep 2014 15:14
Shares in RPC Group got a lift after it revealed its half-year revenues are expected to be "significantly" ahead of the same period last year thanks to recent acquisitions and growth in the US, coffee capsules and UK DIY markets. It said its operating profit before exceptionals is set to be in line
Read moreIntertek poaches CEO from Inchcape
30th Sep 2014 07:46
Intertek has appointed André Lacroix as chief executive to replace Wolfhart Hauser, who will retire after a decade at the helm of the product testing group. Lacroix, ex chief of Euro Disney and president of Burger King International, is scheduled to join the FTE 100 company on 16 May 2015 after clos
Read moreInchcape non-exec stumps up £200,000 to double stake
19th Aug 2014 16:41
Inchcape non-executive Till Vestring has forked out almost £200,000 on shares in the car dealer, a few weeks after recent interim results painted an encouraging picture for the company. Vestring, who is a senior partner of management consultants Bain & Company in South East Asia and sits on Inchcap
Read moreInchcape profits accelerate as Europe and Singapore recover
31st Jul 2014 12:57
Profits accelerated past forecasts at car dealer Inchcape in the first half of the year as Europe and Singapore recovered and Asia continued to motor ahead. The FTSE 250 company said broad-based improvements across its various categories and markets, although emerging markets were held back by Russ
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
Read moreFriday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreInchcape prepares for better market conditions in Singapore
24th Jun 2014 07:44
Inchcape subsidiary Champion Motors has completed the sale of its property at 24 Leng Kee Road in Singapore for a profit of SGD 36m (around £316.9m). The FTSE 250-listed automotive distributor and retailer sold the property for SGD 46.2m (£21.7m) following a review of its portfolio in Singapore, wh
Read moreCEO and CFO of Eland Oil & Gas show faith in company's future
4th Jun 2014 16:03
The Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of AIM-listed Eland Oil & Gas have purchased a total of 100,000 shares. The largest deal was made by CEO Leslie Blair, who bought 80,000 shares at 109.30p each for a total spend of £87,440. CFO George Maxwell spent a more modest
Read moreHasard Global founder acquires shares worth £1.8m
30th May 2014 16:15
The Non-Executive Chairman and founder of Hansard Global, Dr Leonard Polonsky, has increased his stake in the specialist long-term savings provider with the purchase of two million shares. Taking his stake in the group to 41.34%, Polonsky spent 90p a share at a total trade value of £1.8m. The de
Read moreFTSE 250 movers: Grainger rises on NAV increase
16th May 2014 14:14
Residential property owner and manager Grainger, the country's largest, climbed after saying it registered a net asset value (NAV) increase of 12.4 per cent to reach 272p over the six months ending on March 31st. Grainger was also lifted by Numis, which upgraded the stock from 'add' to 'buy', with a
Read moreInchcape's revenue rises on demand for cars
16th May 2014 09:45
Car dealer Inchcape reported a rise in revenue in the first four months of the year as demand for new and used vehicles grew. Group revenue came to £2.21bn, up 2.5% at actual currency rates and up 11.4% on constant currencies. Like-for-like revenue climbed 0.8% at actual currency and 9.5% at const
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreWednesday tips round-up: Fenner, Inchcape
12th Mar 2014 07:21
Fenner is seeing delays in some projects but at least for now some of its major markets are stabilising, to a certain extent. Its engineering products division will be affected by slippage on one large contract in the North Sea, while work on some off-shore wind farms in Germany has been delayed. H
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