Sector movers: Charter rockets, engineers higher
29th Jun 2011 15:35
The industrial engineering sector was making gains on Wednesday, as Charter International recovered from last week's sell-off. Engineering conglomerate Melrose has been in discussions with rival Charter about making a possible 780p-a-share offer for the company, it confirmed today. The offer valu
Read moreMelrose makes 780p-a-share approach to Charter
29th Jun 2011 12:54
Engineering conglomerate Melrose has been in discussions with rival Charter about making a possible 780p-a-share offer for the company, it confirmed today. The offer values Charter, which on Monday announced the departure of its chief executive after last week warning that profits will be lower tha
Read moreLondon midday: More gains as Melrose approaches Charter
29th Jun 2011 12:14
Stocks are posting big gains as investors pin their hopes on the Greek parliament voting in favour of austerity measures later today. Most excitement is in the FTSE 250, with Charter International now the top riser the engineer Melrose said it had approached its rival about making a 780p offer yest
Read moreFTSE 250 movers: Hochschild falls on Peruvian concerns
6th Jun 2011 15:43
Hochschild Mining's shares sank after Ollanta Humala won the preliminary results of presidential election in Peru. Humala has said that he will hike taxes in the mining sector, causing concern for Hochschild investors, as the company has a number of projects in the region. The high riser of the day
Read moreMelrose set to sell Dynacast for $590m
6th Jun 2011 13:09
Engineering conglomerate Melrose is set to dispose of its precision die cast components division, Dynacast, to KDI Holdings for a consideration of $590m. KDI, which is managed by investment firm Kenner & Company, will be $590m in cash on completion. In addition Dynacast takes with it $17.1m of net
Read moreMelrose trading ahead of expectations
12th May 2011 08:54
Engineering conglomerate Melrose said current trading is running marginally ahead of management expectations and it expects to make further progress in 2011, buoyed by strong order intake. Sales at the group, which specialises in buying up underperforming businesses and selling them after restructu
Read moreThursday tips round-up: Prudential, Tullow, Restaurant Group
10th Mar 2011 06:26
When Tidjane Thiam faced shareholders at Prudential's annual meeting last June, few would have wagered on him still being the company's chief executive nine months later, as resentment over the company's failed $35.5bn (£21.8bn) deal for AIA intensified. Mr Thiam seemed focused on the future yesterd
Read moreMelrose plans new buy after 'outstanding' year
9th Mar 2011 09:07
Nearly doubled profits capped an 'outstanding year' in 2010 for engineering conglomerate Melrose, which is now looking for another sizeable acquisition. The group, which has been linked with troubled banknote printer De la Rue, saw profits jump from £89m to £155.3m, on sales up 7% to £1.38bn. Under
Read moreSmall caps round-up: WH Ireland, Norseman Gold, Geong...
28th Feb 2011 14:40
Stockbroker WH Ireland made pre-tax loss of £0.3m in the 12 months to November, much less than the £2.1m deficit reported the year before. Turnover fell 25% to £18.4m, but the new financial year has started well, in line with the firm's internal budget and much better than for the previous year.
Read moreSmall caps round-up: Victoria Oil & Gas, OHM, Melrose ...
28th Feb 2011 13:58
Shares in Victoria Oil & Gas jumped after it announced that an exploitation decree in Cameroon which should result in the company's first gas sales within five months is "imminent." The announcement came as Victoria, which does not yet accrue revenues, said pre-tax losses in the six months to 30 No
Read moreBroker tips: Melrose, WH Smith, Desire
3rd Dec 2010 13:24
Shares in crisis-torn banknote printer De La Rue are down by a third over the year but up by one sixth in the last week, with the recent good run driven, in part, by rumours of a takeover. One company name in the frame to take over De La Rue is turnaround specialist Melrose, but Panmure Gordon thin
Read moreBroker snap: Melrose unlikely bidder for De La Rue
3rd Dec 2010 13:22
Shares in crisis-torn bank note printer De La Rue are down by a third over the year but up by one sixth in the last week, with the recent good run driven, in part, by rumours of a takeover. One company name in the frame to take over De La Rue is turnaround specialist Melrose, but Panmure Gordon thi
Read moreLondon close: Triple digit gains for FTSE 100
1st Dec 2010 16:56
Footsie was posting triple-digit gains at trading's close as markets across the globe roared in approval at talk that the European Central Bank may take more measures to deal with the debt crisis. Shares here got an extra boost from news that activity in the manufacturing sector hit levels not seen
Read moreLondon afternoon: Footsie jumps 120 points
1st Dec 2010 14:17
After a strong morning session leading shares kicked on some more over the lunch time period, as worries over the eurozone debt situation subside. Talk that the European Central Bank may take more measures to deal with the debt crisis has buoyed European markets, with banks bouncing back more than
Read moreFriday tips round-up: Derwent London, Close Brothers, Centrica...
19th Nov 2010 06:40
Derwent London, the office landlord, joined the chorus of commercial property companies singing the praises of London's buoyant market yesterday. It is encouraged by the continued improvement" of the market in the heart of the capital, despite economic conditions remaining "uncertain". Rentals are
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