Wednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreRolls Royce director sells stake worth almost two million pounds
4th Mar 2013 14:52
The President and Chief Executive Officer of Rolls-Royce North America, James Guyette, on Friday sold 1.966m pounds-worth of shares in the global power systems company, just two weeks after it delivered a 24 per cent leap in annual profits. Guyette, who was appointed to the board in January 1998,
Read moreLavendon to come in at top of expectations
15th Jan 2013 14:00
Lavendon, which rents out aerial work platforms in western Europe and the Gulf States, rose strongly after it said full year results would be at the upper end of its expectations. The group's total revenues for the year ended December 31st 2012 were up 4% on the previous year on a constant currency
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreLavendon's biggest end markets deteriorate
16th Nov 2012 10:03
Lavendon said full year results will be in line with expectations, although trading is getting tougher in some of its key markets, as borne out by slightly weaker results for the third quarter. Don Kenny, Chief Executive of Lavendon, said: "Trading in the year to date has been as expected, and whil
Read moreLavendon cherry picking success
31st Aug 2012 10:35
Powered access equipment rental firm Lavendon has reported revenues and profits significantly ahead of expectations for the first half of 2012 as it seeks to capitalise on its European and Middle East markets. The group is explicit in targeting the return on capital employed metric (ROCE), which ro
Read moreLavendon ahead of expectations, boosted by Middle East
12th Jul 2012 15:52
Equipment rental firm Lavendon Group has performed ahead of its own expectations with revenue growth feeding through to improved profitability, margins and return on capital employed. Overall revenues grew by five per cent in the first half of 2012 compared with the same period of prior year. In th
Read moreSmall caps round-up: Hambledon, Cluff Gold, Orosur, Alumasc, Theo Fennell ...
12th Jan 2012 09:48
Hambledon Mining announced that the European Bank for Reconstruction and Development (EBRD) has posted a Project Summary Document relating to a potential $15m debt facility along with an equity investment of $3m for Hambledon to develop the Sekisovskoye underground mining operation and other group p
Read morePearson chief sells £0.5m worth of shares
12th Dec 2011 16:36
Marjorie Scardinom, chief executive of Pearson, has made multiple sales of her stake in the firm on the same day it announced plans to sell its 50% stake in FTSE International to the London Stock Exchange. Scardinom, 64, sold 32,960 at 1,147.00p each, 12,040 at 1,140.59p, and 5,000 at 1,147.49p fo
Read moreLavendon recovering well
26th Aug 2011 15:26
Equipment rental firm Lavendon pulled out of its August tailspin after announcing a more than five-fold increase in pre-tax profit, as the benefits of its restructuring programme begin to feed through. In the six month period ending 30 June, profit before tax soared from £0.7m in the same period th
Read moreTuesday tips round-up: Electrocomponents, United Carpets, Phytopharm
19th Jul 2011 06:33
Shares in Electrocomponents are currently 22% below their peak in May and 9% below the price when its smaller rival Premier Farnell came out with a shock profit warning a week into July. This suggests either that both companies, distributors of a huge range of electronics products, are running into
Read morePearson's Penguin boss picks up £2.2m
8th Apr 2011 16:24
John Makinson, a director at the publisher Pearson and chairman and chief executive of its book publishing arm Penguin, has pocketed £2.2m from the sale of shares in the company. He sold 200,000 Pearson shares at 1,106p a time leaving him with 402,815 shares. Makinson was finance director of Pears
Read moreLavendon in need of a lift
1st Mar 2011 18:21
The key numbers at powered access equipment rental firm Lavendon were all down in 2010 but the company said underlying market conditions progressively stabilised during the year across most of its areas of operation in Europe. "Trading in 2010 remained challenging with the continuation of the cycli
Read moreLondon close: Shares buoyant as updates impress
18th Jan 2011 16:42
The top share index closed near its highs, helped in part by well-received company updates. Burberry was in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group, with revenue up by 30% and profits now set to hit the top
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