Molins issues profit warning after poor quarterly performance
12th Dec 2016 12:13
(ShareCast News) - Molins, an AIM listed international engineering and services company, has docked down its expectations for its full year performance after poor trading in the final quarter. The company attributed this to an unfavorable sales mix and a number of deliveries which were delayed in
Read moreMolins warns on FY trading expectations, halves interim dividend
24th Aug 2016 12:08
(ShareCast News) - Technology and services company Molins has revised its full-year trading expectations lower as it reported in-line interim numbers that were accompanied by a dividend slashed by half. It swung to a half-year pretax loss of £0.3m, from a profit of £0.4m. Dividend was pruned to 1.25
Read moreMolins' loss widens in tough 2015 year
25th Feb 2016 16:22
(ShareCast News) - Molins traded broadly in line with expectations in the 2015 calendar year, it reported on Thursday, though that meant it struggled in some areas and saw reported losses widen considerably. The AIM-traded tobacco technology and services group said its results were in line with mark
Read moreMolins executives cash in mid-week bonus
4th Nov 2015 15:20
(ShareCast News) - Molins' top brass have had a healthy mid-week payday as they cash up some of their share options. The Milton Keynes-based technology and services group's chief executive Dick Hunter and finance director David Cowen both received a number of shares under the company's deferred shar
Read moreSector movers: Engineers fall as Weir, Avingtrans and Molins disappoint
25th Feb 2015 14:40
The industrial engineering category was at the bottom of the pile on Wednesday as the share prices of sector peers Weir Group, Avingtrans and Molins all dropped sharply on the back of disappointing results. Blue chip engineer Weir, which operates in the minerals, oil and power markets, plunged over
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreMolins drops on tough markets and order delays
28th Aug 2014 16:11
Shares in Molins sank after the cigarette machinery maker said it had taken a hit from tough markets in the Middle East and eastern Europe and delayed orders. The stock dropped 24.5p or 15.4% to 135p as Molins said its tobacco machinery division faced reduced order demand and after-sales business.
Read moreMolins shares up on sales ahead of last year
24th Oct 2013 14:13
Shares in packaging and cigarette machinery company Molins rose more than three per cent after it said orders and sales to date were ahead of last year. The group, which has more tan 800 staff worldwide, said each of its three divisions has an order book that supports their expected sales in the fo
Read moreWednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreMolins profits paper thin as first-half numbers disappoint
31st Aug 2012 09:59
Molins, which produces cigarette making equipment and packaging machinery, has reported a steep fall in pre-tax profits but insists its performance will improve in the second half. Group sales in the six months to June 30th were £39.9m, down only slightly on the £38.8m the year before. However, und
Read moreMolins performing ahead of expectations
25th Aug 2011 11:48
Engineering company Molins said its first half performance was slightly ahead of expectations, as orders picked up substantially from last year's levels. The company more than doubled its pre-tax profit to £3.8m (2010 H1: £1.7m) despite a reduction in sales for the six months to June 30. This redu
Read moreMolins almost doubles profit
1st Mar 2011 08:37
Shares in cigarette vending machine maker Molins rose 6% after it almost doubled annual pre-tax profit and increased revenue following a strong final quarter. Performance in Packaging Machinery improved significantly in the year and Scientific Services continued to perform strongly, the group said.
Read moreLondon close: Lower finish after budget
22nd Jun 2010 16:40
The budget did little to change the overall direction of the leading share index, which fell in early dealings and remained stuck in the red, though there was movement in specific sectors. A widely expected rise in Capital Gains Tax (CGT) was implemented, with higher rate payers to pay 28% from mid
Read moreUK SMALLCAP ROUNDUP: UK Govt To Launch GBP37.5M Growth Fund
22nd Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps THE U.K. government announced Tuesday in its emergency budget it will launch an Enterprise Capital Fund to support fast-growing small businesses. The
Read moreLondon afternoon: Market takes tax hikes on chin
22nd Jun 2010 14:17
Footsie is still in the red after chancellor George Osborne's first Budget, which contained a huge raft of tax and benefit changes, most of which will raise revenue for the government. VAT is going up from 17.5% to 20%, capital gains tax is rising to a flat rate of 28% while the banks and building
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