Lavendon expects revenue to be ahead of expectations after 'strong' 2016
13th Jan 2017 07:57
(ShareCast News) - Equipment rental company Lavendon expects revenues to be ahead of expectations due to a "strong" trading performance in 2016 and the weak pound, but it remained cautious over the UK's economic outlook. The company saw "strong" rental revenue growth in 2016 due to investment in an
Read moreLoxam and TVH sweeten bids for Lavendon
28th Dec 2016 11:37
(ShareCast News) - Loxam SAS has upped its offer Lavendon Group to 260p per share from 250p after rival bidder TVH Group sweetened its offer for the equipment rental company to 251p per share. Lavendon said on Wednesay that its board intends to unanimously recommend that shareholders accept the incr
Read moreLavendon directors recommends Loxam offer over TVH
14th Dec 2016 09:15
(ShareCast News) - Lavendon has agreed to be taken over by equipment rental group Loxam at a price of 220p in cash, valuing the aerial work platforms specialist at rouhgly £374m. Lavendon's directors will recommend the offer, which is at a 58.3% premium to the closing price on 21 November when th
Read moreLoxam enters the fray for Lavendon
28th Nov 2016 08:13
(ShareCast News) - France's Loxam has made a preliminary approach to Lavendon Group about a possible cash offer for the equipment rental company. Last week, Lavendon rejected an offer of 205p per share from Belgian industrial equipment supplier TVH Group, saying support among its shareholders was "n
Read moreLavendon Group soars as it rejects £348m takeover
22nd Nov 2016 10:06
(ShareCast News) - Shares in Lavendon Group soared nearly 40% on Tuesday as the AIM-listed rental company rejected a £348m offer from Belgian industrial equipment supplier TVH Group. The company said that the level of support amongst its shareholders for the take-over was "not forthcoming" and it wa
Read moreLavendon lifts expectations after third quarter
15th Nov 2016 14:35
(ShareCast News) - Powered access equipment rental company Lavendon Group issued a trading update for the nine months to 30 September on Tuesday, with the board saying it remained confident of delivering results for the full year marginally ahead of its original expectations. The company said group
Read moreThursday broker round-up
1st Sep 2016 18:52
(ShareCast News) - Virgin Money: Berenberg reiterates hold with a target price of 300p. Alumasc Group: Peel Hunt maintains buy with a 210p target. Morrisons: Goldman Sachs downgrades to sell with a 175p target. Diageo: HSBC reiterates hold with a 2350p target. Lavendon: Berenberg keeps at buy wit
Read moreLavendon confident of meeting full year expectations
17th Nov 2015 12:23
(ShareCast News) - Lavendon Group said it remained confident of meeting its profit expectations for the year as margins and return on capital employed continue to improve. The company, which supplies powered access rental equipment in Europe and the Middle East, said group rental revenue on a like-f
Read moreLavendon confident of reaching targets as trading improves in first half
16th Jul 2015 10:50
(ShareCast News) - Equipment rental provider Lavendon Group said it was confident on meeting its targets for 2015 after reporting solid growth in profit, margins and return on capital employed in the first half. In the first six months of 2015, the group posted an 8% year-on-year increase in growth
Read moreChime Communications blames contract delays for profit warning
18th Nov 2014 13:46
Communication and sports marketing group Chime Communications blamed contract delays for an annual profit warning, hitting its shares. Chime said two significant contracts in its sport and entertainment division were now likely to start in 2015 rather than this year, which it said would affect 2014
Read moreLavendon profits elevated in third quarter
18th Nov 2014 13:45
Despite concerns over European trading conditions, aerial work platform supplier Lavendon kept revenue and margins at an elevated level in the third quarter. Thanks to particularly strong revenue growth coming from a recovering UK, a fast-growing Middle East and a slight recovery in Germany, managem
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreLavendon promises flat first half as Middle East shines
11th Jul 2013 08:46
Equipment rental group Lavendon needed strong revenue growth from its French and Middle East businesses to counteract weakness elsewhere during the first half of the year. Group turnover was flat for the period, as decline in the first quarter was arrested with a return to growth in the second. Wh
Read moreThursday broker round-up UPDATE
18th Apr 2013 07:16
African Barrick Gold: Investec reduces target price from 315p to 286p keeping a hold recommendation. BHP Billiton: JP Morgan cuts target price from 2380p to 2330p, while leaving its neutral rating unchanged. Deutsche Bank lowers target price from 2350p to 2334p keeping a buy recommendation. Big Ye
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