Sector movers: Johnson Matthey provides a catalyst for chemicals sector
19th Jul 2011 16:21
Johnson Matthey rose strongly on the FTSE 100 on Tuesday, driving the chemicals sector to the top of the pile. The company, focused in catalysis, precious metals, fine chemicals and process technology, saw sales and profits both register double-digit percentage gains in the first quarter, "benefiti
Read moreFTSE 100 movers: Banks, miners drive Footsie higher
19th Jul 2011 16:10
Lloyds, RBS and Barclays were in demand, following the sector's sell-off yesterday on the back of concerns over the softness of last week's European banking stress tests. Lloyds was the high riser of the day, after announcing that it is aggregating the wholesale markets, treasury and trading, trans
Read moreBroker tips: Johnson Matthey, Victrex, Evolution
19th Jul 2011 12:07
Prime Markets has suggested buying chemicals group Johnson Matthey, saying that Tuesday's trading statement represents an attractive entry point in the short and long term for investors. The company, focused in catalysis, precious metals, fine chemicals and process technology, said that it continue
Read moreBroker snap: Buy Johnson Matthey, recommends Prime Markets
19th Jul 2011 11:09
Prime Markets has suggested buying chemicals group Johnson Matthey, saying that Tuesday's trading statement represents an attractive entry point in the short and long term for investors. The company, focused in catalysis, precious metals, fine chemicals and process technology, said that it continue
Read moreLondon open: Stocks stage partial recovery
19th Jul 2011 08:30
Stocks are edging higher after a tough day yesterday when concerns over European and US sovereign debt sent traders rushing for the exits. Sales and profits at Johnson Matthey, a top riser in the FTSE 100 today, both registered double-digit percentage gains in the first quarter of the platinum refi
Read moreJohnson Matthey well ahead of last year
19th Jul 2011 08:05
Sales and profits at Johnson Matthey both registered double-digit percentage gains in the first quarter of the platinum refiner's fiscal year. "Johnson Matthey has made further good progress in the first quarter of 2011/12 with sales excluding precious metals (sales) up 12% to £617 million. Underl
Read moreFTSE 100 movers: ENRC leads the decline
10th Jun 2011 13:54
Kazakhstan-focused miner Eurasian Natural Resources Corp is the heaviest faller on further speculation of a major boardroom shake-up, as a result of indifferences with minority shareholders. On Wednesday, the group initiated a "comprehensive review of its corporate governance" which saw four board
Read moreBroker tips: Johnson Matthey, Aegis, Elementis
6th Jun 2011 12:36
Credit Suisse keeps its 'neutral' rating and 2,200p target price on speciality chemicals group Johnson Matthey, as positivity in short-term drivers is met with the broker's cautious stance on the group's balance sheet. Research analyst Rhian Tucker notes that "Car production growth remains good wit
Read moreBroker snap: Credit Suisse wary of cash-flow at Johnson Matthey
6th Jun 2011 12:25
Credit Suisse keeps its 'neutral' rating and 2,200p target price on speciality chemicals group Johnson Matthey, as positivity in short-term drivers is met with the broker's cautious stance on the group's balance sheet. Research analyst Rhian Tucker notes that "Car production growth remains good wit
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 moreLondon close: Footsie falls as Greece and US fuel sell-off
2nd Jun 2011 16:55
Despite trading sideways for most of the day after a relatively sharp fall early on, the Footsie took another dive in late afternoon to finish over 1.3% lower. The mood was uneasy on Thursday as a result of sovereign debt fears in Europe and worrying news from the US, amid a host of underwhelming re
Read moreSector movers: Drax powers electricity sector
2nd Jun 2011 16:19
Drax is providing a spark in the electricity sector after a kind word from financial services firm Matrix. The broker upped its target price for coal-fired power station operator Drax from 460p to 550p, saying that now is the time to focus on its biomass potential with UK policy becoming clearer in
Read moreFTSE 100 movers: Johnson Matthey's results disappoint
2nd Jun 2011 15:45
Full-year profits from speciality chemicals group Johnson Matthey came in ahead of market expectations with good performances in all parts of the business. However, investors seemed underwhelmed as the stock sunk on the blue chip index on Thursday. The miners are falling lower, as metals prices dec
Read moreLondon midday: Stocks stuck lower after slide
2nd Jun 2011 12:00
Shares remain firmly in the red following this morning's slide. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the year before. The numb
Read moreLondon open: Slide continues after US slump
2nd Jun 2011 08:22
Stocks have resumed yesterday's slide following a tumble on Wall Street last night. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the ye
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