Sector movers: Construction stocks gain after Budget
20th Mar 2013 13:35
Stocks in the construction and materials sector were making decent gains on Wednesday in the aftermath of Chancellor George Osborne's Budget statement which included a number of measures to kick-start infrastructure and home-buying activity. Speaking to packed House of Commons, Osborne said that th
Read moreWednesday broker round-up UPDATE
20th Feb 2013 07:04
Amara Mining: Goldman Sachs moves target price from 90p to 55p downgrading to neutral. Aureus Mining: Goldman Sachs revises target price from 65p to 55p retaining a neutral rating. Avocet Mining: Goldman Sachs cuts target price from 55p to 30p and upgrades from sell to neutral. AZ Electronic Mate
Read moreMorgan Sindall profit eroded by tough markets
19th Feb 2013 07:45
Construction and regeneration group Morgan Sindall reported a decline in pre-tax profit, in line with expectations, and slashed its dividend as it continues to battle against difficult markets. Pre-tax profit fell 15% to £34.2m for the year ended December 31st 2012 while revenue for the year droppe
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreMorgan Sindall Group appoints new Finance Director
10th Jan 2013 08:58
Morgan Sindall Group has appointed Steve Crummett as Finance Director, the UK construction group said Thursday. Crummett will start work in late February following the retirement of David Mulligan who spent 15 years at the company. Mulligan will leave the firm in April after a handover period. C
Read moreMorgan Sindall says short term outlook remains challenging
18th Dec 2012 07:21
Construction and regeneration group Morgan Sindall said trading, since its profit warning in November, has continued in line with company expectations for the year. Last month the group warned on full year profit after a further market deterioration in the UK construction industry amid public spend
Read moreBP director tops up stake as group settles fine
19th Nov 2012 16:29
Frank Bowman, a Non-Executive Director of oil giant BP, purchased 3,600 shares in the company at 420.73p each last week. The £15,146 transaction came just one day after BP announced that it had resolved all criminal claims with the US Department of Justice in relation to the Gulf of Mexico oil spi
Read moreSector movers: Construction stocks dented by macro concerns
7th Nov 2012 14:42
Construction and materials stocks were the worst performing stocks on Wednesday with blue-chip constituent CRH among the heaviest fallers. After a strong performance in morning trade, UK stock markets swung into the red after the European Commission at noon cut its forecasts for gross domestic prod
Read moreMorgan Sindall Chief Executive resigns
6th Nov 2012 10:00
Morgan Sindall's Chief Executive, Paul Smith, has resigned following a profits warning. Stepping into the breach, Executive Chairman, John Morgan, has been appointed Chief Executive. In a trading update the construction company warned that: "Our underlying trading for the current year is expected
Read moreTuesday broker round-up
6th Nov 2012 09:03
AB Foods: Jefferies keeps hold rating and 1,365p target; Panmure Gordon ups target from 1,300p to 1,450p, hold rating kept; Investec keeps hold rating and 1,300p target. Aviva: Panmure Gordon maintains buy rating and 425p target. Babcock: Jefferies keeps buy rating and 970p target; Seymour Pierce
Read moreMorgan Sindall JV bags Sellafield contract
12th Oct 2012 17:20
Morgan Sindall, the construction and regeneration group, said its joint venture with Arup Group has been selected as a preferred delivery partner for a range of services at the Sellafield nuclear site. The contract, potentially worth £1.1bn, requires Morgan Sindall and Arup to assist in improving a
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreTuesday tips round-up: Cape, Morgan Sindall, Catlin
7th Aug 2012 07:04
In the Telegraph, the Questor column has to eat humble pie as a former tip, Cape, an energy services company, has halved in value since its last recommendation. A profit warning on an Algerian project has been the main problem but the firm also faces rising costs in Australia. Questor, with his fing
Read moreOrder book slims down at Morgan Sindall
6th Aug 2012 07:54
Construction and regeneration group Morgan Sindall grew profits in a tough first half of the year but is not banking on its markets getting any easier in the short-term. Despite revenue in the first half of 2012 falling 8% to £1.00bn from £1.09bn the year before, profit before tax rose 13% to £18.8
Read moreThursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
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