Morgan Advanced Materials reorganises amid industrial slowdown
23rd Feb 2016 09:19
(ShareCast News) - Morgan Advanced Materials impressed with its plans for a "new vision and direction" after final results showed sales slowed down sharply in the second half in the US. The carbon and ceramics materials and application engineering group held its final dividend flat at 7p thanks to s
Read moreStanChart boss stumps up £1m for shares
13th Nov 2015 13:08
(ShareCast News) - Standard Chartered's new chief executive officer Bill Winters ploughed £1m into 168,000 shares in the bank at 599.08p each. Winters' spending spree brought his total holdings in the company to 229,035 shares with a value of around £1.4m. "Last week we outlined our strategy to cre
Read moreBroker tips: Grafton Group, Morgan Advanced Materials, Wood Group
12th Nov 2015 14:32
(ShareCast News) - Grafton Group issued a disappointing trading statement, but things should not be taken out of context, a top broker said on Thursday. Indeed, the builders merchant and DIY retailer may have an ace up its sleeve when compared with rivals, as the Irish recovery will remain a key (an
Read moreInvestec revisits estimates for Morgan Advanced Materials
12th Nov 2015 13:08
(ShareCast News) - The deeper-than-expected global slowdown forced analysts at Investec to revisit their forecasts for Morgan Advanced Materials, but they reiterated their underlying upbeat view on the company's prospects. Despite the advanced materials manufacturer's considerable diversification, b
Read moreLondon midday: Chinese data, profit warnings weigh on Footsie
12th Nov 2015 11:49
(ShareCast News) - News that Chinese banks remained unwilling to lend in October weighed on stock markets across Europe on Thursday, amid a spate of profit warnings in the UK and ahead of an eagerly awaited speech from the chair of the US Federal Reserve herself. So-called aggregate financing in Asi
Read moreMorgan Advanced Materials warns earnings will be at lower end of expectations
12th Nov 2015 09:02
(ShareCast News) - Shares in Morgan Advanced Materials slumped early on Thursday, after the carbon products and ceramic manufacturer warned its full year earnings will be at the low end of expectations, due to a challenging market environment. The group said trading conditions have weakened in the s
Read moreMorgan Advanced Materials scraps COO position
2nd Oct 2015 08:27
(ShareCast News) - Andrew Hosty is set to step down as the chief operating officer of Morgan Advanced Materials, after the FTSE 250 group deemed the role to be surplus to requirements. In a short statement on Friday, the supplier of technically advanced materials said that following a review of grou
Read moreFTSE 250 movers: Workspace Group and WH Smith surge on strong results
3rd Jun 2015 13:25
Mid-caps tracked the FTSE 100's gains on Wednesday afternoon despite mixed US data, as strength in the construction and engineering sectors buoyed the market. As of 15:30 BST, the FTSE 250 was trading 0.4% higher at 18,294. Workspace Group led the risers after beating full-year forecasts for profit
Read moreUBS downgrades engineers Morgan and Spectris on margin gloom, upgrades Melrose
3rd Jun 2015 09:25
Shares in engineers were moved markedly by a short but gloomy note on the sector from UBS on Wednesday that said "margins have peaked", with only Melrose Industries receiving an upgrade. The Swiss bank's ratings on Melrose was lifted to 'buy' from 'neutral', as it downgraded both well-loved Spectris
Read moreMorgan Advanced Materials in line to meet annual expectations
20th May 2015 09:06
Morgan Advanced Materials said its annual trading expectations remained unchanged, following four months of mixed market conditions. In a short statement released on Wednesday, the FTSE 250 group reported a 1.9% rise in like-for-like revenue in the year to date, while book-to-bill ratio was 1.07 in
Read moreMorgan Advanced halves annual profits but reports strong finish to 2014
12th Feb 2015 15:05
Carbon and ceramic products manufacturer Morgan Advanced Materials finished the year strongly after profit before tax exceeded analysts estimates. At the headline level, including restructuring costs and impairments, the group said its pre-tax profit for the 12 months to 31 December fell from £64m t
Read moreMorgan Advanced Materials reveals new CEO Paul Raby
30th Jan 2015 08:24
Morgan Advanced Materials (MGAM) has appointed a new chief executive officer (CEO), Pete Raby. After a nine-year career at Cobham where he worked as president of its communications and connectivity, Raby will commence his new role on 1 August 2015. He said in a statement released on Friday: "The co
Read moreVesuvius abandons Morgan Advanced Materials talks
1st Dec 2014 09:08
Morgan Advanced Materials announced on Monday that metal flow engineer and developer Vesuvius does not intend to make a formal offer. On 27 October, Vesuvius made a preliminary proposal to Morgan Advanced Materials for an all-share merger between the two companies, but the board of the Windsor-based
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
Read more