Norcros delivers solid interims
13th Nov 2012 10:59
Norcros, a supplier of branded showers, tiles and adhesives focused in the UK and South Africa, has delivered solid interims and expressed confidence that it will make 'further progress'. For the six months ending September 30th, revenues increased 3.8% to £106.3m (September 2011: £102.4m), with pr
Read moreSector movers: Balfour Beatty's profit warning takes down construction stocks
8th Nov 2012 15:19
Construction and materials stocks were the worst performers for a second consecutive day on Thursday after a profit warning from FTSE 250 constituent Balfour Beatty this morning. Stocks were shaken yesterday after the European Commission cut its forecasts for gross domestic product growth in the Eu
Read moreFriday tips round-up: Victrex, Norcros, Robert Walters
5th Oct 2012 06:45
The Times' Tempus column says it is time to take some profits in chemicals company Victrex. The high-peformance plastics maker yesterday confirmed that it has started construction on a new plant that will double its capacity to produce PEEK, a polymer used in planes, trains and cars, as well as oil
Read moreFriday newspaper round-up: BAE, Gold, Corporate bonds
5th Oct 2012 06:15
Alistair Darling has made a forceful intervention in the plans by EADS to combine with BAE Systems, saying British interests were bound to suffer because the UK government would have no equity stake in the enlarged group. The former chancellor of the exchequer told the Financial Times he saw the lo
Read moreNorcros delivers solid half year growth
4th Oct 2012 07:59
Norcros, a supplier of branded showers, tiles and adhesives focused in the UK and South Africa, has said group revenue in the 26 weeks to the end of September has grown around 9.4 per cent on a constant currency basis. As such, group revenue is expected to total £106m (2011: £102.4m), while underl
Read moreHikma boss makes a fair few pennies from share sale
21st Jun 2012 16:24
Said Darwazah, the Chief Executive Officer of Hikma Pharmaceuticals, the FTSE 250 multinational pharmaceutical group, has pocketed over one million pounds through the sale of company shares last week. Darwazah sold 195,447 shares at 649p each on June 15th for a total of £1,268,451, the company reve
Read moreNorcros meets guidance in 'difficult' markets
21st Jun 2012 16:02
Norcros, the supplier of branded showers, tiles and adhesives focused in the UK and South Africa, rose strongly on Thursday after its full-year results came bang in-line with earlier guidance, with underlying growth in revenues and profits robust despite 'difficult' markets. Revenue in the 52 weeks
Read moreThree directors buy up shares in Aga Rangemaster
9th Mar 2012 16:18
Shaun Smith, the Finance Director of cooker maker Aga Rangemaster, has bought 16,090 shares in the firm, on the same day the company revealed a rise in operating profits despite falling revenue. Smith purchased the shares at 87.00p each for a total of £13,998. The Chief Executive, William McGrat
Read moreNorcros lowers full year profit guidance
16th Feb 2012 12:07
Anglo-South African home products group Norcros fell to a 52-week low after issuing a profit warning, as trading remained tough and the decline in the value of the South African rand took its toll. The group admitted that trading profit for the current financial year, which runs to the end of March
Read moreLondon close: Strong finish to bad month
31st Aug 2011 16:39
The top share index finished the worst month since the financial crisis broke out in late 2008 with strong gains as strong economic data in the US whetted investors' appetite for battered shares. The purchasing managers' index, which measures industrial sentiment for the Chicago area, came in ahead
Read moreSector movers: Norcros builds on gains for construction stocks
31st Aug 2011 14:36
Norcros, the home products group behind Tritons showers, is a high riser among construction and materials stocks, pulling the sector to the top of the pile. The firm announced on Wednesday that it is to sell land to supermarket chain Morrisons in a deal which could be worth £2.6m. The deal will see
Read moreLondon midday: Smith & Nephew leads rally
31st Aug 2011 12:01
Shares have built on their earlier gains, though the rally is unlikely to be enough to prevent the biggest monthly fall since the beginning of the financial crisis in 2008. Among today's big gainers is bid rumour-mongers' favourite Smith & Nephew. Latest talk has it that peer Stryker could be inter
Read moreNorcros sells land to Morrisons
31st Aug 2011 08:57
Norcros, the home products group behind Tritons showers, is to sell land to Morrisons, the supermarket chain, in a deal which could be worth £2.6m. The deal will see Morrisons pay £8.25m to Norcros but only after planning consent is granted. At that point Norcros will have to invest £5.65m in infr
Read moreMarket share gains boost Norcros profits
23rd Jun 2011 11:42
Winning a bigger share of markets that are declining in both Britain and South Africa helped Norcros, the home products group behind Triton showers, move into profit in the year to March 31. The company posted a pre-tax profit of £7.5m in the year to 31 March, against a deficit of £10m the previous
Read moreNorcros recovery continues
10th Feb 2011 12:56
Norcros says that both its UK and South African operations are continuing to improve their performance. The consumer products supplier owns the Triton showers and Johnson Tiles businesses in the UK. Group revenues in the 17 weeks to the end of January 2011 increased by 16% - or 10% on a constant c
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