Thursday broker round-up UPDATE
13th Jun 2013 07:01
African Barrick Gold: Citi moves target price from 175p to 124p and maintains a sell recommendation. ASOS: Nomura raises target price from 2970p to 3400p keeping a neutral rating. Exane increases target price from 4200p to 5000p and retains its outperform rating. Citi ups target price from 4400p to
Read moreWednesday broker round-up UPDATE
29th May 2013 08:59
AEC Education: WH Ireland lowers target price from 16p to 11p retaining a buy recommendation. Bodycote: JP Morgan downgrades to underweight with a target price of 495p. BTG: Deutsche Bank ups target price from 440p to 475p retaining a buy recommendation. De La Rue: Investec raises target price fr
Read moreNorcros annual revenues rise despite exceptional charges
11th Apr 2013 09:43
Bathroom accessories company Norcros on Thursday said it expects annual revenues and profits to rise following sales growth in the UK and South Africa. The group anticipates revenue for the year ended March 31st 2013 to come to £210m, a 5.0% increase on the previous year's £200.3m. Underlying ope
Read moreTuesday broker round-up UPDATE
2nd Apr 2013 08:28
Afren: Liberum Capital shifts target price from 123p to 130p maintaining a hold recommendation. Amara Mining: Numis initiates with a target price of 80p and a buy recommendation. APR Energy: Espirito Santo downgrades to sell with a target price of 680p. ASOS: Goldman Sachs increases target price
Read moreThursday broker round-up UPDATE
14th Feb 2013 08:09
African Barrick Gold: Deutsche Bank cuts target price from 410p to 340p, while staying with its hold recommendation. Investec reduces target price from 405p to 315p and downgrades from buy to hold. JP Morgan lowers target price from 370p to 290p and downgrades to underweight. AG Barr: Barclays down
Read moreSector movers: CRH leads construction stocks higher
13th Feb 2013 15:54
Construction and materials stocks were in demand on Wednesday on the back of ambitious plans by President Barack Obama to invest in infrastructure in North America. CRH was among the highest risers in the category today, up 5.1% at 1,425p (a 52-week high) after Obama unveiled a new 'Fix it First' p
Read moreDiageo Chief sells 50,000 shares
13th Nov 2012 17:04
Diageo's Chief Executive Officer, Paul Walsh, sliced a chunk off his stake in the drinks giant with the sale of 50,000 shares on Monday. The transaction follows the company's purchase of a stake in Indian spirits group United Spirits Limited (USL). Diageo said on Friday that it is to acquire a 27
Read moreNorcros 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
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