Berenberg cuts Johnson Matthey to 'hold' from 'buy'
2nd Aug 2016 08:49
(ShareCast News) - Johnson Matthey shares fell on Tuesday as Berenberg cut its rating on the stock to 'hold' from 'buy'. Berenberg said it is downgrading the speciality chemicals and sustainable technologies company's rating as it has reached its price target. Johnson Matthey's shares have risen ab
Read moreJohnson Matthey eyes £40m profit boost from weak pound
20th Jul 2016 07:11
(ShareCast News) - Speciality chemicals group Johnson Matthey increased sales 6% to £822m in the first quarter thanks to strong sales growth for its vehicle catalysts, while profits could be boosted substantially by weakness of the pound. Underlying profit before tax for the full year was said to be
Read moreAnna Manz moving from Diageo to Johnson Matthey
14th Jul 2016 15:04
(ShareCast News) - Distilled beverages producer Diageo announced on Thursday that group strategy Anna Manz has decided to leave after 17 years with the company, to join fellow FTSE 100 company Johnson Matthey as group finance director. The firm said Manz will leave at the end of September and her su
Read moreJohnson Matthey appoints Anna Manz as finance director
14th Jul 2016 10:05
(ShareCast News) - Speciality chemicals company Johnson Matthey has appointed Anna Manz as group finance director with effect from 17 October, succeeding Den Jones. Manz joins the group from drinks giant Diageo, where she is currently group strategy director, leading the company's strategy and busin
Read moreBroker tips: Johnson Matthey, BHP Billiton, Spectris
13th Jun 2016 16:24
(ShareCast News) - Johnson Matthey's rating was downgraded to 'hold' from 'add' but its target price was raised to 3,138p by Numis after the company reported its full year results. The speciality chemicals and sustainable technologies group last Thursday reported a 5% decrease in full year pre-tax p
Read moreNumis downgrades Johnson Matthey to 'hold' from 'add'
13th Jun 2016 09:12
(ShareCast News) - Johnson Matthey's rating was downgraded to 'hold' from 'add' but its target price was raised to 3,138p by Numis after the company reported its full year results. The speciality chemicals and sustainable technologies group last Thursday reported a 5% decrease in full year pre-tax p
Read moreTuesday broker round-up
7th Jun 2016 16:27
(ShareCast News) - Countrywide: Jefferies reiterates buy with a target price of 600p. Coca-Cola Hbc: Credit Suisse keeps at neutral with a 1500p target. Weir Group: Canaccord upgrades to hold with a target price of 1200p. Johnson Matthey: Berenberg Bank keeps at neutral with a target of 2880p. Sa
Read moreSector movers: Automobile stocks boosted by US sales figures, weak euro
2nd Jun 2016 16:48
(ShareCast News) - Cyclical sectors such as chemicals and automobiles led gainers, alongside a bounce for food&drug retailers and fixed line telecommunications stocks. Shares in Johnson Matthey were the main culprit behind gains in the former, after the chemicals and sustainable technology group exp
Read moreThursday broker round-up
2nd Jun 2016 16:39
(ShareCast News) - Moneysupermarket.com: Jefferies downgrades to hold with a target price of 312p. Wolseley: Canaccord downgrades to hold with a 4200p target, UBS reiterates buy with a target price of 4300p and Credit Suisse stays at outperform with a 4200p target. Daily Mail: Goldman Sachs reitera
Read moreJohnson Matthey full year hit by impairment charge; sees new year in line
2nd Jun 2016 07:30
(ShareCast News) - A £141m impairment and restructuring charge hit pre-tax profits at chemicals and sustainable technology group Johnson Matthey, which fell to £386.3m from £495m in a "difficult macroeconomic environment". Pre-tax profits also include the benefit of the £130m profit on the sale of R
Read moreBroker tips: PZ Cussons, Tesco, Johnson Matthey
14th Apr 2016 13:33
(ShareCast News) - Shares in PZ Cussons were in the red on Thursday as Numis reiterated its 'reduce' rating after the company warned of difficult conditions in its main market of Nigeria. In an update for 27 January to 13 April, Cussons said overall trading has been in line with expectations and the
Read moreJohnson Matthey boosted by Credit Suisse upgrade
14th Apr 2016 09:26
(ShareCast News) - Speciality chemicals group Johnson Matthey got a boost on Thursday as Credit Suisse upgraded the stock to 'outperform' from 'neutral' and lifted the price target to 3,100p from 2,850p. It said the market underestimates the strength of JMAT portfolios and undervalues the structural
Read moreJohnson Matthey FD Den Jones to step down in summer
2nd Mar 2016 07:38
(ShareCast News) - Johnson Matthey said on Wednesday that Den Jones will step down as group finance director this summer. The specialty chemicals group said Jones was leaving for personal reasons and following a mutual agreement with the company. The process to find a successor has begun and an app
Read moreThursday broker round-up
4th Feb 2016 16:07
(ShareCast News) - Coca-Cola HBC: Barclays downgrades to underweight with a target of 1325p. TalkTalk: Goldman Sachs downgrades to neutral with a target of 271p. Paragon Group: JP Morgan downgrades to neutral and sets a 380p target. Antofagasta: Investec reiterates sell with a target of 305p. Ang
Read moreJohnson Matthey sales slip but full year outlook in line
3rd Feb 2016 08:44
(ShareCast News) - Specialty chemicals company Johnson Matthey reported a drop in third quarter sales but said its full year outlook remains in line with market expectations despite challenging conditions. For the quarter ended 31 December, sales nudged down to £736m from £745m the previous year. Gr
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