Morgan Advanced Materials lifts expectations after first half performance
26th Jul 2018 10:57
(Sharecast News) - Morgan Advanced Materials posted a 0.6% rise in its first-half revenue for the six months to 30 June on Thursday, to £521.8m, or a 7.8% improvement based on constant currencies.
Read moreMorgan Advanced Materials to offload rotary business to Moog for €40m
17th Feb 2017 07:03
(ShareCast News) - Manufacturer Morgan Advanced Materials is to sell its Europe-based rotary transfer systems business to Moog, a US manufacturer of motion and fluid control systems, for about €40m on a cash and debt free basis. The sale is in line with the FTSE 250 company's strategy to simplify it
Read moreMerrill Lynch upgrades Spectris and Spirax, prefers Smiths Group
11th Jan 2017 11:40
(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators
Read moreMorgan Advanced Materials boosted by currency in third quarter
7th Nov 2016 07:52
(ShareCast News) - Morgan Advanced Materials reported an improved third quarter's trading thanks to currency changes, with sales in most parts of the business still down on last year. On a constant currency basis, sales for the first nine months of the year were 1.9% lower than the same period a yea
Read moreBroker tips: IAG, Morgan Advanced Materials, Robert Walters
31st Oct 2016 16:11
(ShareCast News) - Credit Suisse reiterated its 'outperform' stance on shares of IAG Group, pointing to the carrier´s upcoming Capital Markets Day as a potential catalyst for confidence in the firm and its self-help measures. The Swiss broker´s analysts cut their estimate for the airline´s 2016 e
Read moreUBS hikes target for Morgan Advanced Materials but stays at neutral
31st Oct 2016 15:36
(ShareCast News) - Analysts at UBS lifted their target price on shares of Morgan Advanced Materials from 245p to 285p, but stuck to their 'neutral' recommendation on what they described as a serially underperforming engineer. To prove their point, they highlighted the company´s own guidance for R&D
Read moreMorgan Advanced Materials raises $112m and €60m in private placement
28th Oct 2016 08:00
(ShareCast News) - Morgan Advanced Materials announced on Friday that it has raised $112m and €60m with the completion of a US private placement. The FTSE 250 firm said the new debt extends the group's debt maturity profile and will be used for repayment of existing indebtedness and other general co
Read moreSector movers: Electricals advance, beverages slip
27th Jul 2016 14:35
(ShareCast News) - Electronic & electrical equipment was among the top-performing FTSE 350 sectors on Wednesday, with constituents Renishaw and Morgan Advanced Materials rising on earnings news. Engineering firm Renishaw reported a 44% slump in full-year pre-tax profit to £80m as revenue fell due to
Read moreMorgan Advanced Materials reports fall in first half profits
27th Jul 2016 09:24
(ShareCast News) - Morgan Advanced Materials posted on Wednesday a 6.1% decline in first half pre-tax profit to £46.2m as the manufacturer of specialist products underwent a restructuring. Underlying earnings dropped 16.7% to 10.5p in the six months ended 30 June. Underlying operating profit fell 9.
Read moreMorgan Advanced Materials trades flat against 'challenging' market
6th May 2016 08:56
(ShareCast News) - Advanced materials company Morgan Advanced Materials was trading in line with expectations in the first three months of the year, it reported on Friday, as investors mustered in central London for its annual general meeting. The FTSE 250 firm's board said trading was unchanged fro
Read moreLaurence Mulliez added to Morgan Advanced Materials board
8th Apr 2016 08:01
(ShareCast News) - Morgan Advanced Materials has announced the appointment of Laurence Mulliez to its board as a non-executive director on Friday, with effect from the end of the company's Annual General Meeting on 6 May. Mulliez is currently the chairman of French renewable power developer Voltalia
Read moreLondon pre-open: Stocks seen higher after dovish Yellen comments
30th Mar 2016 07:30
(ShareCast News) - London stocks were poised for a firmer open on Wednesday, taking their cue from a positive session on Wall Street after Federal Reserve Chair Janet Yellen maintained a dovish stance in a speech the previous day. The FTSE 100 is seen opening 50 points higher than Tuesday's close at
Read morePeter Turner to join Morgan Advanced Materials
30th Mar 2016 07:07
(ShareCast News) - Morgan Advanced Materials was looking for a new, improved financial direction on Wednesday, announcing the appointment of Peter Turner to the role of chief financial officer. The FTSE 250 company said the 45-year-old had a strong track record of driving improved business performan
Read moreMorgan Advanced Materials director backs company after dip in profit
24th Feb 2016 15:59
(ShareCast News) - Two years after joining the board of Morgan Advanced Materials, director Douglas Caster has finally opened his wallet and backed the company after a dip in its full year earnings. Caster, who joined the board in February 2014, purchased 18,000 shares for just over £38,500. It wa
Read moreWednesday broker round-up
24th Feb 2016 15:28
(ShareCast News) - Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p. Home Retail Group: Canaccord upgrades hold with a target price of 175p. Capital & Countries Prop
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