Ralph Lauren man nets Celtic shares
18th Aug 2011 14:38
Brian Duffy, a non-executive director at the Glasgow football club Celtic, has upped his stake in the company after its final results. He took 50,000 shares at 42p a time and now, paying £21,000 in total, and now has 157,750. In the year to 30 June, Celtic posted a pre-tax profit of £102,000, agai
Read moreAerospace bolsters Meggitt profit
2nd Aug 2011 08:29
Strong growth particularly in its aerospace division helped engineering group Meggitt report robust profit growth in the first half of its financial year. The group, which specialises in high performance components and sub-systems for the aerospace, defence and energy markets, said pre-tax profit
Read moreMeggitt bladders fuel profit hopes
21st Jul 2011 08:16
Meggitt, the FTSE 250 extreme engineering firm, has won an order to supply blast resistant fuel bladders to BAE Systems. The bladders will be used in the Bradley fighting vehicle, which transports troops but can also provide covering fire. The bladders will prevent fuel fires even when the vehicle
Read moreTuesday tips round-up: Electrocomponents, United Carpets, Phytopharm
19th Jul 2011 06:33
Shares in Electrocomponents are currently 22% below their peak in May and 9% below the price when its smaller rival Premier Farnell came out with a shock profit warning a week into July. This suggests either that both companies, distributors of a huge range of electronics products, are running into
Read moreChairman's wife sells Hiscox shares
9th May 2011 16:21
The wife of specialist insurance firm Hiscox's chairman Robert Hiscox has pocketed more than £80,000 from the sale of shares in the company. Julia Hiscox offloaded 20,000 at 411p a time. The announcement of the sale comes the week after the Bermuda-based company said Robert Hiscox sold 56,398 shar
Read moreRound-up: Hamworthy, Meggitt, SciSys...
26th Jan 2011 14:51
Engineer Hamworthy expects 'significantly' to exceed previous earnings expectations for the year to March after strong demand for after sales products and services, an increase in order intake from the oil and gas market and a reduction in the instances of customers delaying delivery dates. "It r
Read moreLondon close: Shares buoyant as updates impress
18th Jan 2011 16:42
The top share index closed near its highs, helped in part by well-received company updates. Burberry was in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group, with revenue up by 30% and profits now set to hit the top
Read moreLondon afternoon: Gains get trimmed
18th Jan 2011 14:35
Share prices came off the boil over the lunch time session though Footsie remains firmly in the red, as things continue to look rosier in the eurozone. Burberry is in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group
Read moreLondon midday: Shares keep gains
18th Jan 2011 12:17
The top share index remains buoyant as mining sector strength and company updates attract buyers. Miners are strong led by Vedanta, Kazakhmys and ENRC.Rio Tinto's global iron ore operations set a new quarterly production record in the final three months of 2010. The group produced 65m tonnes in the
Read moreLondon open: Footsie back over 6,000
18th Jan 2011 08:49
Blue chips have rallied following a strong performance in Asia this morning, renewed demand for the miners and some good trading updates. Brewer SABMiller helped more drinkers in Africa and China quench their thirst during the third quarter, sending organic lager volumes up 3%. The owner of Peroni
Read moreLondon pre-open: Assault on 6,000 expected
18th Jan 2011 07:38
A small improvement back towards 6,000 is predicted for Tuesday following a strong performance in Asia this morning where banks did well. Over here, brewer SABMiller helped more drinkers in Africa and China quench their thirst during the third quarter, sending organic lager volumes up 3%. The owner
Read moreMeggitt snaps up PSA for $685m
18th Jan 2011 07:09
Fast expanding engineer Meggitt has taken another leap forward with agreement to acquire Pacific Scientific Aerospace (PSA) from US firm Danaher for $685m in cash. A placing of 69.8m new shares will help fund the deal. PSA specialises in fire suppression, sensing, electric power, electric actuation
Read moreBroker tips: Meggitt, Holidaybreak, Silverdell
30th Nov 2010 13:48
Nomura Securities has upped its target price for Meggitt as the airplane components maker looks set to see strong top-line growth from the upswing in the commercial aerospace cycle while further cost savings should expand margins. "We think the recent market pullback is a good opportunity to buy in
Read moreBroker snap: Meggitt set to fly
30th Nov 2010 13:06
Nomura Securities has upped its target price for Meggitt as the airplane components maker looks set to see strong top-line growth from the upswing in the commercial aerospace cycle while further cost savings should expand margins. "We think the recent market pullback is a good opportunity to buy in
Read moreLondon close: Two-year high for blue chips
4th Nov 2010 17:01
Footsie hit a two-year high as investors piled into blue chips after yesterday's larger-than-expected stimulus package unveiled by the US Federal Reserve. But the good sentiment was not universal, with some hefty fallers on the back of disappointing trading updates. Hopes that the Bank of England's
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