Johnson 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
Read moreLondon close: Stocks finish up after slate of factory PMIs
1st Oct 2015 16:23
(ShareCast News) - The FTSE ended on a positive note but off its best levels of the day as investors sifted through a batch of manufacturing data in the UK, China and the US. The top flight index edged higher by 10.86 points to finish the session at 6,072.47. Markit's purchasing managers' index on
Read moreLondon midday: Stocks climb as UK, China PMIs beat forecasts
1st Oct 2015 11:14
(ShareCast News) - London stocks climbed on Thursday after better-than-forecast UK and Chinese manufacturing data. Markit's purchasing managers' index on UK manufacturing fell to 51.5 in September from a revised reading of 51.6 in August, although it beat analysts' estimates of 51.3 and was above th
Read moreJohnson Matthey completes sale of chemical research business
1st Oct 2015 07:22
(ShareCast News) - Johnson Matthey has completed the sale of its Alfa Aesar Research Chemicals business to Thermo Fisher Scientific for £256m in cash, the company said on Thursday. Chief executive Robert MacLeod said the sale, announced in June, was "a further step in delivering our long term strate
Read moreFTSE 100 movers: ARM, Johnson Matthey and Unilever boosted by upbeat broker notes
25th Sep 2015 15:59
(ShareCast News) - London's FTSE was firmly in the black on Friday, bouncing back as Federal Reserve chairwoman Janet Yellen's argument in favour of raising interest rates this year alleviated concerns about the economic outlook. At 1613 BST, the FTSE 100 index was up 2.6% at 6,115.49. ARM Holdings,
Read moreRedburn upgrades Johnson Matthey; says selloff on VW woes is overdone
25th Sep 2015 15:07
(ShareCast News) - Redburn upgraded Johnson Matthey to 'buy' from 'neutral' saying the 35% year-to-date share price decline exaggerates the risk of a technology shift. It said the Volkswagen emissions scandal has ignited the ongoing debate over automotive emissions and in particular those from diese
Read moreFTSE 100 movers: Pearson plumped on FT sale, ARM bounces, Aberdeen drops
23rd Jul 2015 15:35
(ShareCast News) - London's blue chip index bumped along just above parity for most of Thursday, as the bid talk for Pearson's iconic Financial Times newspaper and various company results announcements were the prime mover of prices. As of 15:30, the FTSE 100 was trading just 0.06% lower at 6,663.02
Read moreJohnson Matthey shares fall on first quarter profit dip
22nd Jul 2015 08:51
(ShareCast News) - Shares in Chemicals firm Johnson Matthey fell after it reported a 1% dip in pre-tax profit for the first quarter of this year. At 0825 BST shares in the company were down 1.26% to 2974p. Underlying profit before tax was £94m, down from the £95m it posted the year before. The FT
Read moreJohnson Matthey to sell Research Chemicals business for £256m
25th Jun 2015 14:59
Specialty chemicals group Johnson Matthey said on Thursday that it has agreed the sale of its Alfa Aesar Research Chemicals business to Thermo Fisher Scientific for £256m in cash. The transaction is expected to be completed by the end of the 2015 calendar year, subject to satisfaction of typical pre
Read moreLondon close: Stocks rise for fourth day on continued Greek optimism
23rd Jun 2015 16:40
UK stocks closed with small gains on Tuesday but finished higher for the fourth straight day as hopes over Greece continued to support markets. The FTSE 100 rose 9.2 points (+0.13%) to 6,834.87, its highest finish since 11 June, as broker upgrades lifted shares of blue chips Sports Direct, Smith & N
Read moreBroker Tips: Johnson Matthey, Vodafone, Greene King, Sports Direct, Diageo
23rd Jun 2015 14:12
Johnson Matthey rose 2.4% on Tuesday, topping the FTSE 100 leader board after Citigroup upgraded the stock to 'buy' from 'neutral' and raised the price target to 3,600p from 3,200p. Citi pointed out that 50% of the company's earnings before interest and tax is based on emission catalysts for light d
Read moreFTSE 100 movers: Bunzl dips on slower growth, miners extend losses
23rd Jun 2015 13:28
London markets continued to rebound on Tuesday, as better-than-expected economic data, positive broker sentiment and renewed optimism on Greek negotiations buoyed stocks. As of 14:15 BST, the FTSE 100 was trading 0.3% higher at 6,846. Distribution and outsourcing business Bunzl disappointed with a
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