Monday broker round-up - UPDATE
23rd Jan 2012 09:26
BAE Systems: Barclays Capital upgrades to overweight from neutral. Weir: JP Morgan downgrades to neutral from overweight. Royal Dutch: ING initiates coverage at buy. IMI: UBS downgrades from buy to neutral, target cut from 950p to 900p. Renishaw: UBS upgrades from neutral to buy, target hiked
Read moreAUM back on the rise at Impax
29th Nov 2011 14:03
The second half of the financial year saw a dramatic fall in assets under management (AUM) at Impax Asset Management, but since the end of September the downward trend has been reversed. The investment management firm, which focuses on the environmental sectors, said AUM at the end of September sto
Read moreImpax warns of uncertain outlook
29th Sep 2011 16:23
Impax, the asset manager focused on the environmental markets sector, said the company was coping despite the current economic instability. In a trading update ahead of the announcement of its final results for the year ending 30 September, the group said: "Despite difficult equity market conditio
Read moreFriday tips round-up: Johnson Matthey, Impax, Kingfisher
3rd Jun 2011 06:35
Johnson Matthey, originally in precious metals such as platinum and palladium, still refines and distributes these. But it also puts them into technologies that are used to reduce pollution, such as autocatalysts in cars and devices to cut emissions from power plants. Shares in Johnson Matthey, whic
Read moreIt's more easy being green, claims Impax
2nd Jun 2011 13:52
Impax, the asset manager focused on the environmental markets sector, saw plenty of green shoots of recovery in the first half of its financial year. Assets under management (AuM) rose by 30% to £2,362m at the end of March from £1,823m at the end of September. At the end of April, AuM had risen fur
Read moreSmall caps round-up: Impax Asset, Range Resources, Circle Oil...
10th Jan 2011 11:19
Environmental investment manager Impax Asset Management hit new highs Monday on news pre-tax profit more than doubled to £5.2m in the 12 months to 30 September - £1m from the redemption of a loan note helped - on revenue up 48% to £15.3m. Assets under management rise 44% to £1.82bn and has hit £2.
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 moreSmall caps round-up: Abbeycrest, City of London Investment, Impax...
25th Oct 2010 17:26
Jewellery maker Abbeycrest has swung to a pre-tax loss of £0.46m for the half year from a pre-tax profit of £1.26m last year. For the six months ended 31 August 2010, group revenue increased by 5% to £18.8m from £17.9m previously. However, this was largely due to the effect of the rising gold price
Read moreSmall caps round-up: Chaucer, Ricardo, Trafficmaster...
19th May 2010 11:20
Underwriter Chaucer has reported a 3% dip in first quarter total gross written premium income to £250.1m, which KBC Peel Hunt said shows discipline. "Despite a high level of losses to the Chilean and Deepwater catastrophes in Q1, the tone of Chaucer's IMS is positive," said the broker. "The group i
Read moreSmall caps round-up: Impax, Liberty, Petards
19th May 2010 10:29
Impax, the investment manager focused on environmental sector, saw its assets under management rise by 40% in the six months to March 31 as markets improved. 'Evidence of improving macroeconomic conditions, particularly in the United States and in the Asia-Pacific region, has resulted in continued
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