Outgoing chief at Spirit buys shares
29th Nov 2011 16:29
Spirit Pub Company's outgoing chief executive Ian Dyson has purchased £58,575 worth of shares just days before he exits the company. The director, who is leaving the firm after just over a year in the job, bought up 150,000 shares at 39.05p. The former Marks & Spencer finance director will leave
Read moreLondon close: Higher finish for FTSE 100
22nd Aug 2011 16:35
The FTSE 100 quickly snapped out of its poor start to finish with gains, though these were somewhat off earlier highs following the start of trading on Wall Street. Gold producers such as Randgold Resources and Petropavlovsk were driven higher by rising prices for the precious metal. Oilfield serv
Read moreLondon midday: Stocks post big gains as miners advance
22nd Aug 2011 12:11
Despite a faltering start, the FTSE 100 is now posting near triple-digit gains with resource stocks in particular posting big gains. A surging gold price, which stands just below the $1,900 level drives FTSE 100 miner Randgold Resources to the top of the pile. Oilfield services group Petrofac was
Read moreLondon open: Randgold leads risers as Footsie gains 0.6%
22nd Aug 2011 08:31
After slipping into the red in the opening minutes, the blue chip index quickly swung into the blue, recovering after the steep sell-off seen late last week. A surging gold price, which stands just below the $1,900 level drove FTSE 100 miner Randgold Resources to the top of the pile. Oilfield serv
Read moreKingspan profits jump but outlook uncertain
22nd Aug 2011 08:14
Insulation board specialist, Kingspan, saw first half profits after tax leap 37%, but warned that the pace of growth was likely to ease as the year goes on. Profits after tax in the first half rose from €21.3m in 2010 to €29.2m in the first half of this year. The company said strong growth in its
Read moreKingspan profit soars
22nd Aug 2011 07:32
Insulation board specialist Kingspan posted a 24% increase in half year trading profit and upped its dividend 12.5% following strong growth across most of its businesses. "During the first six months of 2011, activity throughout the group was strong benefiting from the growth in order book recorded
Read moreInsulation market warming up, says Kingspan
12th May 2011 18:54
Insulation board specialist Kingspan is expecting the second quarter to see a continuation of the "delicate economic recovery" Trading in the first four months of 2011 was well ahead of the corresponding period of last year, with group sales up 33% year on year at €439.3m, though this performance i
Read moreKingspan nervy over inflation
28th Feb 2011 13:41
Building insulation specialist Kingspan saw its first year-on-year sales growth since 2007 last year, but is worried about inflation. "All regions are likely to confront industry-wide cost inflation in 2011 which must be passed through to end markets," it said. Turnover in 2010 rose 6% to €1.19bn
Read moreRound-up: Kingspan, JKX, Ocean Wilson...
15th Nov 2010 14:38
Insulation board specialist Kingspan expects operating profits this year to come in little changed, even though sales picked up in the last three months. Group turnover in the 9 months to 30 September was €865m, up 6% year on year, with third quarter sales up 15%. The UK and Europe outside Ireland
Read moreGreencore FD Doherty signs for Kingspan
29th Jul 2010 16:01
Geoff Doherty will swap convenience foods for high performance insulation when Greencore's finance boss moves to Kingspan at the end of 2010. The 39-year-old joined the €280m Irish company as group financial controller in 2001, eventually joining the board four years later. But after nearly a deca
Read moreKingspan FD raises €400,000
13th Apr 2010 16:26
Kingspan's finance director Dermot Mulvihill raised €400,000 following the sale of 50,000 shares in the Irish building firm Mulvihill disposed the shares at €7.05 each to leave him with 762,961 shares, which represents 0.46% of the group. Top Director Buys Low & Bonar (LWB) Director name: Mr Ma
Read moreTrading stabilising at Kingspan
1st Mar 2010 15:22
Energy conserving building solutions provider Kingspan saw fixed cost reductions limit the downturn in profits during a 'hostile' 2009. Profit before tax tumbled 17% to €68.1m in 2009 from €56.7m in 2008 on turnover that fell by a third to €1,125.5m from €1,672.7m. The company reduced fixed costs
Read moreBroker tips: Tesco, building materials, chipmakers
13th Jan 2010 12:17
A 'solid' Christmas at Tesco's UK stores has impressed JP Morgan, which raised its price target on the supermarket chain and promised to review its rating if the performance continues. UK like for like sales in the six weeks to 9 January, excluding petrol and VAT, rose 4.9%, better than the 3.7% pr
Read moreBroker snap: Upside 'limited' for building material plays
13th Jan 2010 09:08
The European building materials sector has had a strong 12 months and Credit Suisse thinks further upside is limited for the next few months, so cuts its stance to 'market weight' from 'overweight'. 'We believe that the sector fairly reflects the prospects for moderate volume and margin improvement
Read moreBATS chairman invests £200,000
21st Dec 2009 16:12
Recently appointed British American Tobacco chairman Richard burrows has bought 10,000 shares in the cigarettes supplier. He previously held no shares in the company. His initial investment is just short of £200,000. the shares were acquired for 1,949.35p each. Burrows has a background in the dr
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