Michelmersh sells Buckinghamshire brickworks site for £2.7m
16th Jan 2017 07:48
(ShareCast News) - Brickmaker Michelmersh Brick Holdings has sold a 25-acre former brickworks site in Buckinghamshire for £2.68m to London Green Resources, a waste disposal company. The AIM-listed company has exchanged contracts for the sale of the former Dunton Brothers brickworks in Chesham, Bucki
Read moreMichelmersh Brick Holdings set back by falling prices
21st Oct 2016 09:41
(ShareCast News) - Michelmersh Brick Holdings, an AIM listed specialist brick manufacturer and landfill company, have fallen behind on achieving their expected pricing gains in the second half due to average selling prices falling short and a rise in competition. According to the firm, the UK brick
Read moreMichelmersh Brick reports rising brick prices will lead to profit boost
19th Oct 2015 09:07
(ShareCast News) - Full year profits at Michelmersh Brick (MBH) will beat current forecasts as the brick-and pavior-maker benefited from rising selling prices in the second half, which may have wider implications for the construction sector. The AIM-listed company said there had been a "softening of
Read moreMichelmersh Brick Holdings names new joint CEOs
20th Jul 2015 09:09
(ShareCast News) - Brick manufacturer and landfill company Michelmersh Brick Holdings has named Frank Hanna and Peter Sharp as the joint chief executive officer. The London-listed group said on Monday that Hanna, its current commercial director, and Sharp, the group's current operations director, wi
Read moreMichelmersh Brick FY results to beat forecasts
15th Dec 2014 10:41
Michelmersh Brick forecast full-year results to exceed market expectations in the wake of favourable trading in the last three months of 2014. Trading was strong in the fourth quarter and both brick volumes and selling prices have been better than forecast, the brick manufacturer said, adding that i
Read moreMonday broker round-up UPDATE
21st Jul 2014 09:29
APR Energy: Liberum Capital reduces target price from 735p to 385p and stays with its sell recommendation. Avanti Communications Group: Jefferies reduces target price from 580p to 250p and downgrades to hold. Dialight: Canaccord Genuity raises target price from 1000p to 1100p and retains a buy rec
Read moreSunday newspaper round-up: Shire, Mothercare, Blinkx, Barclays
6th Jul 2014 17:18
AbbVie is expected to make an improved offer for Shire in the next few days after its Chief Executive Rick Gonzalez visited Shire's biggest investors in London, The Sunday Times said. Gonzalez is back in the US mulling his options after having three bid approaches turned down with the most recent va
Read moreSector movers: Tyman results give construction stocks a lift
11th Mar 2014 15:20
Building products firm Tyman gave the construction and materials sector a big boost on Tuesday after the company impressed with its 2013 results. Tyman hiked its dividend by a third after it swung to a profit last year, helped by the acquisition of Truth Hardware and improving construction markets
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
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 moreAggreko director stocks up ahead of promising full-year results
8th Jan 2014 16:34
Non-Executive Director of Aggreko, Diana Layfield, has taken a stake in the group one month after it predicted its full-year results would be slightly higher than previous expectations. Layfield, who joined the board in May 2012, acquired 3,000 shares, paying 1,711p a piece for a total spend of £5
Read moreHalifax chief Nicholson sells 350,000 Lloyds shares
3rd Sep 2013 14:49
The head of Lloyds Banking Group's Halifax arm has sold more than 2.5m pounds of Lloyds shares as the state-backed bank prepares for reprivatisation. David Nicholson disposed of 350,000 shares at 73.34p each on September 2nd for £2.57m. When Nicholson sold his shares, they had gained 120% in the
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
Read moreSector movers: CRH drags construction sector lower
3rd Jan 2013 15:01
A fall from heavyweight building materials group CRH ensured that the construction and materials sector was in the red today, offsetting a decent performance by second-tier firms Balfour Beatty and Galliford Try. FTSE 100-listed CRH, which has a market capitalisation of around £9.2bn, reported on W
Read moreMichelmersh Brick issues profit warning
24th Sep 2012 10:35
Shares in brick and tile firm Michelmersh Brick fell heavily on Monday after the firm said 2012 profits would come in below market expectations. The company said it only expects to break even for the full year after it came up short in the first half and said it would not make this ground up in the
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