Keller 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 moreLondon midday: BAE Systems leads gains on geopolitical worries
26th Sep 2014 12:14
The Footsie had reverted to positive higher by midday ahead of the release of two first-tier economic indicators in the States on Friday afternoon. UK equities traded lower throughout the better part of the morning, ignoring overnight losses in US markets which saw the Dow Jones Industrials and S&P
Read moreLondon open: Footsie slips as Russia threatens immediate retaliation
26th Sep 2014 08:54
The Footsie slipped quickly into the red after the start of trading on Friday, with US stocks having fallen deeper into the red for the month of September overnight amid on-going geopolitical concerns about both Russia and Iraq. Vladimir Putin has demanded that the European Union re-open a trade pac
Read moreLondon pre-open: Limited gains predicted for FTSE early on
26th Sep 2014 07:41
teerngasThe FTSE is set for a modest rise at Friday's opening bell, with gains limited by a weak performance in the US and Asia overnight amid ongoing geopolitical concerns about both Russia and Iraq. City sources predict the top tier index will open around seven points above Thursday's close of 6,6
Read moreKeller Group CEO to step down at the end of 2015
26th Sep 2014 07:28
teerngasGround engineering firm Keller Group has announced that Justin Atkinson, the company's chief executive (CEO), will retire from his role at the end of 2015. The group has confirmed it has already started a selection process to find a replacement for the outgoing CEO, who first joined the comp
Read moreFTSE 250 movers: Ex-divi stocks and Balfour lead index lower
20th Aug 2014 13:57
Berkeley Group, Fidessa Group and Taylor Wimpey all dropped into the red after going ex-dividend on Wednesday. Balfour Beatty was in negative territory after rejecting another merger offer from rival Carillion, saying such a move would not be in shareholders' best interest. Tuesday's offer was the
Read moreWednesday broker round-up UPDATE
20th Aug 2014 10:50
BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged. Investec increases target price from 2175p to 2205p and maintains a hold recommendation. Big Yellow Group: Liberum Capital ups target price from 565p to 591p and keeps its buy recommenda
Read moreFTSE 250 movers: Keller Group, Home Retail Group, Telecity
4th Aug 2014 15:50
Keller Group was a top riser after reporting better-than-expected first-half results. Pre-tax profit before exceptional items increased by 21% year-on-year to £32.5m in the six months to 30 June. Liberum gave the engineering group a 'buy' rating after the results, saying it sees "compelling attracti
Read moreBroker tips: HSBC, Shell, Keller, Telecity
4th Aug 2014 13:04
Shore Capital has repeated its 'hold' recommendation for HSBC, saying that the stock is fully valued after its slightly worse-than-expected interim report. The bank reported a 12% fall in pre-tax profit in the first half, around 1% lower than the consensus forecast, owing to regulation and complian
Read moreLondon midday: UK stocks snap three-day decline as HSBC rises
4th Aug 2014 12:12
- HSBC leads banks higher, Intertek rises - UK construction PMI beats forecasts - Portugal concerns ease after BES rescue techMARK 2,748.21 -0.12% FTSE 100 6,711.03 +0.48% FTSE 250 15,387.53 -0.10% UK stocks pushed higher on Monday as the FTSE 100 rebounded after three straight days of losses, as
Read moreLiberum sees "compelling attractions" at Keller after H1 beat
4th Aug 2014 11:06
Liberum said it sees "compelling attractions" at Keller after better-than-expected first-half results and reiterated guidance from the ground engineering group on Monday. "The shares have been weak so should react positively," Liberum said. "The shareholder register may need to transition from mom
Read moreLondon open: Stocks inch higher but gains limited by geopolitics
4th Aug 2014 09:14
- Geopolitics in Gaza, Ukraine still firmly in focus - UK construction PMI due out - Investors give mixed reaction to earnings techMARK 2,748.45 -0.11% FTSE 100 6,696.45 +0.26% FTSE 250 15,371.65 -0.20% UK stocks snapped a three-day losing streak on Monday morning as investors went bargain-huntin
Read moreKeller's first-half profits jump 21% on US strength
4th Aug 2014 08:29
- Pre-tax profits up 21% - Revenues rise 22% on US strength - Interim divi lifted by 5% Ground engineering group Keller said profits jumped by over a fifth in the first half with all of its four divisions achieving strong revenue growth despite adverse currency movements. Pre-tax profit before exc
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