FTSE 250 movers: Keller hit by delays and weak US market, property stocks surge
14th May 2015 12:57
UK stocks rebounded from early losses by mid-afternoon, but recovery remained capped by concerns of Greek instability. Sector-wise, miners and computer services provided the biggest drag, while property stocks and insurers provided a welcome boost. At 2:30 BST, the FTSE 250 was trading 50 points hig
Read moreWeaker US market, European project delays dent Keller's financials
14th May 2015 08:32
Engineering company Keller Group said a slow construction market in the US, intense competition in the Middle East and project delays have hurt profits and revenues during the last quarter. In the four months to April, Keller saw a decline in revenues and profits when compared with same time last ye
Read moreSector movers: CRH and Balfour Beatty drag construction/materials stocks lower
9th Mar 2015 14:31
Construction and material stocks were under the weather on Monday, with the sector being dragged lower by heavyweights CRH and Balfour Beatty. CRH, which is set to pick up assets worth €6.5bn from Holcim and Lafarge as part of the cement companies' planned merger, was trading 3.5% lower after weeken
Read moreFTSE 250 movers: Amlin sinks on weak profits, Electrocomponents up as chairman buys shares
2nd Mar 2015 13:19
Amlin, the British insurer and re-insurer, topped the fallers after reporting a drop in full-year pre-tax profit by 21%, as an environment of low interest rates and weaker investment return dented profitability. Broker Numis Securities cut its rating on the stock from' buy' to 'hold', noting the res
Read moreKeller Group reports declining pre-tax profits following contract dispute
2nd Mar 2015 09:34
Keller Group has reported a decline in pretax profit for 2014 after experiencing a contract dispute. At the same time, adjusted pretax profit and revenue each recorded a rise despite the strengthening pound. The company's revenue increased from £1.44bn in 2013 to £1.6bn in 2014. Acquisitions that we
Read moreKeller lands Singapore Changi airport deal
7th Jan 2015 08:26
Shares in engineer Keller Group were up 1.2% on Wednesday morning after it was awarded a £28m contract at Changi Airport in Singapore. The FTSE 250 group will provide vibrocompaction of the ground as part of the land preparation works for a major expansion of the airport. The contract is for a tota
Read moreKeller Group wins Caspian region contract
11th Dec 2014 07:44
Ground engineering firm Keller Group has been awarded a contract for the supply and installation of precast piles in the Caspian region. The contract is worth £113m and the group has been issued a notice to proceed with the first phase of the work for £16m, which is scheduled to be completed within
Read moreLondon close: Markets gain as ECB money-printing talk cheers traders
17th Nov 2014 16:15
The London market moved higher on Monday as the prospect of a boost for the European economy helped make up for dismal economic news from Japan. The FTSE 100 Index gained 17.6 points to 6671.97 after European Central Bank president Mario Draghi hinted that quantitative easing could be on the cards t
Read moreFTSE 250 movers: Keller Group fails to impress with interim statement
17th Nov 2014 15:55
Keller Group dropped sharply despite the group delivering a trading update in line with expectations for the period from 1 July to 16 November. However, investors were concerned by the difficult conditions in European markets and weakness in Australia. Mitie's shares took a knock after the support s
Read moreBroker tips: Salamander, Keller Group, Majestic Wine
17th Nov 2014 13:09
The possible bid from a consortium of investors led by Spain´s CEPSA for oil explorer Salamander would be successful were it to take the form that has been mooted, broker Canaccord Genuity said in a research note e-mailed to clients. On Friday 14 November Salamander said it had received a 121p per s
Read moreLondon midday: Stocks hold slightly lower as Quindell craters
17th Nov 2014 12:20
UK stocks were still registering small losses come midday, weighed down by negative references out overnight from Asia, despite which miners were holding at the top of the leader board. As of 13:14 the Footsie was lower by 13 points to 6,640. Japan´s GDP contracted at a 1.6% annualised rate in the
Read moreBroker snap: Investec confident of Keller's outlook
17th Nov 2014 11:58
Investec said it remained "confident" in its outlook for ground engineering specialist Keller after it reported trading in line with expectations. Both revenue and profit for the period between the start of July and 16 November came in ahead of the previous year, with steady growth in US constructio
Read moreKeller Group maintains guidance despite weakness in Australia and Canada
17th Nov 2014 10:01
Ground engineering specialist Keller Group saw trading conditions in-line with expectations in the period from 1 July to 16 November, with steady growth in US construction and busy conditions in Asia offset by difficult European markets and weakness in Australia. No improvement was seen in investmen
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreFTSE 250 movers: De La Rue dives after issuing profit warning
26th Sep 2014 15:51
Slower-than-expected growth in its solutions division and challenging market conditions in its currency division have forced security documents designer and producer De La Rue to issue a profit warning, sending shares sharply lower. The company said it expects operating profit and underlying profit
Read more