Laird said to consider sale of precision metals division
13th Feb 2017 07:59
(ShareCast News) - Laird is said to be considering the sale of one of its major divisions as it struggles to turn its business around. According to The Telegraph, the FTSE 250 electronics component maker, whose shares have fallen sharply since its profit warning in October and rights issue in Decemb
Read moreLaird reiterates full-year expectations, on track for rights issue
24th Jan 2017 10:32
(ShareCast News) - Laird, whose shares tumbled back in October after a profit warning, reiterated its full-year expectations on Tuesday as it said it was on track to announce a proposed rights issue to raise up to £185m to shore up its balance sheet. The technology company said trading for the ye
Read moreLaird to raise £185m through a rights issue, scraps final dividend
2nd Dec 2016 08:03
(ShareCast News) - Electronics company Laird is to raise £185m through a rights issue and scrap its final dividend in a bid to strengthen its financial position. Through the rights issue, the company will offer shares to existing shareholders in proportion to their existing holdings in the first qua
Read moreTuesday broker round-up
25th Oct 2016 10:10
(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal
Read moreDirectors dealings: Laird´s new boss and finance chief buy shares
21st Oct 2016 17:34
(ShareCast News) - Laird´s new boss and finance chief took advantage of the recent crash in the share price to pick-up stock in the firm they lead. On 19 October the manufacturer of products for wireless telecommunications said trading improved a bit in the third quarter - helped by currency shifts
Read moreLaird plunges to five year low after profit warning
19th Oct 2016 07:48
(ShareCast News) - Although trading at Laird improved slightly in the third quarter, helped by currency shifts, it warned profits for the full year would be lower than expected due to delays in the mobile devices cycle and increased margin pressure. This made for a "very challenging trading perfo
Read moreSector movers: Tesco leads cyclicals higher, pharma drags
14th Oct 2016 12:54
(ShareCast News) - Cyclicals took over from defensives, with Tesco spearheading gains among food and drug retailers while pharma stocks acted as the main drag. Tesco shares accounted for the lion's share of the gains in that sector after Unilever said issues surrounding the supply of its leading bra
Read moreLaird appoints Kevin Dangerfield as CFO
11th Oct 2016 14:30
(ShareCast News) - FTSE 250 technology firm Laird has appointed Kevin Dangerfield as its new chief financial officer with effect from 17 October. He succeeds Tony Quinlan, who was appointed chief executive officer in September. Dangerfield spent almost ten years as CFO of Morgan Advanced Materials,
Read moreSector movers: Evraz pushes to fresh 52-week high
3rd Oct 2016 19:18
(ShareCast News) - Slightly better-than-expected Chinese economic data saw shares in Russia-focused steel-maker Evraz notch a fresh 52-week high at 180.0p, taking its sector gauge higher with it. Over the weekend, the official Chinese manufacturing sector purchasing managers' index for the month of
Read moreSector movers: Banks, aerospace lead losses
16th Sep 2016 16:19
(ShareCast News) - Energy-related stocks continued to retreat as crude oil futures extended their recent leg lower on the heels of reports of increasing exports out of Libya and Nigeria. West Texas Intermediate dropped 2.05% to $43.01 per barrel while Brent futures retreated 1.52% to $45.88. On 14
Read moreFTSE 250 movers: Kaz Minerals surges, Evraz slumps
18th Aug 2016 15:29
(ShareCast News) - The FTSE 250 rose 0.59% to 17,863.91 points in Thursday afternoon trade. Kaz Minerals was the biggest riser on London's second tier index after it reported a rise in first half earnings and said its new Bozshakol project is on track for commercial output in the second half. Fo
Read moreBroker tips: Admiral Group, William Hill, Laird
18th Aug 2016 11:58
(ShareCast News) - Motor insurance company Admiral Group looks overvalued compared to peers, RBC Capital Markets said on Thursday as it reiterated an 'underperform' rating and cut its target price to 1,600p from 1,625p. RBC reduced its profit before tax estimates for fiscal years 2017-18 by 8% on av
Read moreThursday broker round-up
18th Aug 2016 09:43
(ShareCast News) - Admiral Group: RBC reiterates underperform with a target price of 1600p. Laird: Berenberg maintains sell with a 230p target. BGEO Group: UBS reiterates neutral with a 2960p target. ICAP: Exane BNP Paribas upgrades to outperform with a 510p target. Poundland: Credit Suisse keeps
Read moreBerenberg starts Laird at 'sell'
18th Aug 2016 09:00
(ShareCast News) - Laird was under the cosh on Thursday as Berenberg initiated coverage of the stock at 'sell' with a 230p price target following the company's first-half results. "After reporting a weak first half, with profit before tax missing estimates by between 30-40%, the market seems to hav
Read moreUBS upgrades Laird to 'buy' from 'neutral'
3rd Aug 2016 08:54
(ShareCast News) - UBS upgraded Laird to 'buy' from 'neutral' on Wednesday but lowered its target price to 350p from 375p. "We see four reasons to buy: 1) A stronger H2 in smart-phones (easier comparable period, new launches and penetration/content gains); 2) Auto (telematics) revenue materialising
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