Deutsche Bank slashes forecasts for Morgan Advanced Materials
12th Nov 2024 09:43
(Sharecast News) - Deutsche Bank has lowered its target price for Morgan Advanced Materials (MGAM) from 320p to 295p after the carbon and ceramic materials maker lowered its guidance last week.
Read moreLondon close: Stocks turn negative as Americans head to the polls
5th Nov 2024 16:41
(Sharecast News) - London stocks closed lower on Tuesday, with caution dominating markets as US voters headed to the presidential polls.
Read moreMorgan Advanced Materials lowers outlook, launches £40m buyback
5th Nov 2024 08:57
(Sharecast News) - Morgan Advanced Materials reported a 3.8% rise in organic sales for the first nine months of 2024 on Tuesday, driven primarily by strong demand in its performance carbon segment, which saw a 12.6% increase.
Read moreMorgan Advanced Materials still cautious after first-half growth
6th Aug 2024 09:55
(Sharecast News) - Morgan Advanced Materials has reported a robust set of half-year results on Tuesday, with a 3.4% increase in revenue to £572.6m and a 42.6% surge in group adjusted operating profit, which reached £71.3m.
Read moreMorgan Advanced Materials revenue rises in first quarter
9th May 2024 08:18
(Sharecast News) - Morgan Advanced Materials said in an update on Thursday that in the first three months of the year, it saw a notable increase in sales, with a 12% rise on an organic constant currency basis compared to the same period last year.
Read moreMorgan Advanced Materials lays out growth plans
24th Apr 2024 12:12
(Sharecast News) - Morgan Advanced Materials updated the market on its financial goals on Wednesday, as it aimed to surpass organic revenue growth rates through a combination of organic expansion, strategic mergers and acquisitions, and shareholder value creation.
Read moreMorgan Advanced Materials FY operating profits fall
12th Mar 2024 09:48
(Sharecast News) - Morgan Advanced Materials said on Tuesday that adjusted operating profits had fallen in 2023 despite seeing a modest uptick in annual revenues.
Read moreJefferies ups ratings on Elementis, XP Power and Spirax-Sarco
31st Jan 2024 10:42
(Sharecast News) - Jefferies has adjusted its ratings on stocks across in a review of the UK-listed capital goods sector, which included upgrades of Elementis, XP Power and Spirax-Sarco Engineering.
Read moreMorgan Advanced Materials YTD sales grow despite impact of 'cyber incident'
9th Nov 2023 08:54
(Sharecast News) - Carbon and ceramic materials manufacturer Morgan Advanced Materials said on Thursday that year-to-date sales had risen as it continued to recover from a "cyber incident" experienced earlier in the year.
Read moreMorgan Advanced Materials posts sharp drop in 1H profits
4th Aug 2023 08:36
(Sharecast News) - Morgan Advanced Materials posted sharply lower interim profits as the company's margins shrank.
Read moreBarclays starts Morgan Advanced Materials at 'overweight'
14th Jul 2023 07:49
(Sharecast News) - Barclays initiated coverage of Morgan Advanced Materials on Friday with an 'overweight' rating and 365p price target.
Read moreBroker tips: Spirax-Sarco Engineering, Morgan Advanced Materials
14th Jul 2023 07:42
(Sharecast News) - UBS upgraded Spirax-Sarco Engineering on Friday to 'buy' from 'neutral' and lifted the price target to 12,400p from 11,560p, citing an attractive entry point.
Read moreMorgan Advanced Materials hikes dividend, FY PBT rises
28th Apr 2023 07:14
(Sharecast News) - Manufacturing company Morgan Advanced Materials hiked its full-year dividend payout on Friday as it revealed annual pre-tax profits had risen.
Read moreMorgan Advanced Materials managing 'consequences' of cyber attack
7th Feb 2023 07:08
(Sharecast News) - Manufacturing company Morgan Advanced Materials warned on Tuesday that full-year operating profits will be approximately 10% to 15% below previous expectations as it continues to manage the consequences of a cyber security incident that saw the company uncover unauthorised activity on its network back in January.
Read moreMorgan Advanced Materials names Ian Marchant as chairman designate
18th Jan 2023 08:27
(Sharecast News) - Carbon and ceramic materials manufacturer Morgan Advanced Materials has tapped Ian Marchant to take over as chairman, with effect from 1 February.
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