Michelmersh 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
Read moreMichelmersh Brick's margins safe despite tough market
13th Jun 2011 09:45
Michelmersh Brick, the brick, land development and landfill company, said that it has been able to offset challenging conditions in the industry to grow sales volumes ahead of expectations so far this year. Sales orders, despatches and production activity continue to be strong at all sites, accordi
Read moreMichelmersh Brick ahead of budget, shares jump
5th Apr 2011 12:38
A cheery trading update helped specialist brick supplier Michelmersh Brick build big gains Tuesday. "Michelmersh is pleased to report that orders, sales and production of brick products in the first quarter of 2011 were ahead of budget and the Board is encouraged for the prospects for 2011," the co
Read moreSmall caps round-up: Avocet Mining, Panmure, Evolve Capital...
29th Sep 2010 14:57
Avocet Mining is on the up again after increasing new proven and probable ore reserve at the Inata gold mine in Burkina Faso and a mine life extended to 2018 at an average annual production of 120,000 ounces. The new mineral reserve of 16.3m tonnes grading 2.06 grammes per tonne for 1.08m ounces o
Read moreLondon close: Financials lead the way
9th Aug 2010 17:05
Leading equities trod water for the afternoon session consolidating strong gains made in the morning. Hopes that the US Federal Reserve will introduce new economic stimulus measures this week played well with the financial sector, with the likes of fund managers Schroders and St. James's Place and
Read moreLondon afternoon: Gains consolidated
9th Aug 2010 14:18
Footsie hit its peak at around 10:00am and has been moving sideways ever since on a relatively quiet day for corporate news. In a buoyant insurance sector Prudential is firmer prior to Thursday's results while Aviva is lifted by Panmure Gordon raising its price target from 496p to 535p. Reboundi
Read moreSector movers: Michelmersh Brick optimism lifts construction
9th Aug 2010 13:07
Specialist brick, land development and landfill firm Michelmersh Brick helping the construction and materials sector build gains after it said trading during the first half has been in line with management's expectations and is well placed for 2010 and beyond. Revenues are up at all plants on an eq
Read moreLondon midday: Blue chips power ahead
9th Aug 2010 12:11
Footsie is powering forward on the back of strong performances from financials and miners. Lonmin and Kazakhmys are the best performing miners, while among financials the stand-out stocks are spread around the insurance (Legal & General, Prudential), banking (Barclays), fund management (Schroders )
Read moreLondon open: Footsie rebounds over 5,400
9th Aug 2010 08:48
A late rally in the US on Friday has helped Footsie rebound through 5,400 again. International Power is the best performer on widespread reports it will reveal a merger with French utility GDF Suez. That should trigger a £1.3bn windfall for International Power shareholders. The deal is expected to
Read moreMichelmersh Brick well placed for 2010
9th Aug 2010 07:54
Specialist brick, land development and landfill firm Michelmersh Brick said trading during the first half has been in line with management's expectations and is well placed for 2010 and beyond. The group also announced that financial director Craig Robinson is leaving the company with immediate ef
Read moreSmall caps round-up: Ariana Resources, Michelmersh, ReNeuron...
12th Jul 2010 08:31
Shares in Ariana Resources rallied after the Turkey-focused gold miner announces the completion of its joint venture agreement with Proccea to develop the Red Rabbit Project in western Turkey. The group said results from the recent resource drilling programme are expected shortly. Managing directo
Read moreMichelmersh Brick: Hathern Terracotta Unit Gets 6 New Contracts
12th Jul 2010 07:42
LONDON (Dow Jones)--Michelmersh Brick Holdings PLC (MBH.LN), the specialist brick, land development and landfill company, said Monday Hathern Terracotta, its terracotta and faience production business launched in August last year, has won six supply contracts for high profile projects in London.
Read moreFirstGroup chief executive's wife sells stake
16th Jun 2010 15:17
The wife of Sir Muir Lockhead, the chief executive of FirstGroup has sold her stake worth nearly £400,000 in the bus and train operator. Lady Audrey Lockhead offloaded just over 100,000 shares in the company at 394.2p a time. She no longer has any shares in the company, but her husband still has a
Read moreMichelmersh Brick To Sell 300 Acres Surplus Land For GBP1.30M
16th Jun 2010 08:18
LONDON (Dow Jones)--Michelmersh Brick Holdings PLC (MBH.LN), a specialist brick, land development and landfill company, said Wednesday that it has now exchanged contracts for the sale of 300 acres of surplus agricultural land for a total cash consideration of GBP1.30 million, with completion schedul
Read moreMichelmersh raises £3m for acquisition
1st Mar 2010 14:52
Michelmersh Brick is raising £10m to fund the purchase of Freshfield Lane Brickworks (FLB), which makes clamp-fired stock bricks in Sussex. The AIM-listed brickmaker has conditionally placed 10m shares at 30p each, a 22% discount to the closing market price of 38.5p on Friday. It is paying £5m in
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