Norcros 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
Read moreWednesday tips round-up: Diploma, NBT, Norcros
22nd Dec 2010 06:32
Distribution group Diploma's latest significant acquisition, the C$25.5m (£16.1m) purchase of the Canadian healthcare products supplier Carsen Medical, supplies medical devices and products for endoscopy suites at hospitals and private clinics across Canada. The Canadian healthcare market is remarka
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
Read moreNorcros resumes divi payments
18th Nov 2010 16:39
Showers and tiles group Norcros has resumed dividend payments after reporting a sharp increase in underlying profits at the interim stage. The company, which last paid a dividend in July 2008, has proposed an interim dividend of 0.12p, well covered by adjusted earnings per share of 0.9p. "Normal r
Read moreSector movers: Ted Baker and Mulberry in fashion
7th Oct 2010 14:09
The retail sector is going well, with two fashion brands higher after updates. First half profits surged at Ted Baker as both UK and international sales roared ahead. Sales in the half year to June rose by 15% to £88.1m with profit before tax up 25% to £7.5m. Also higher is luxury fashion label Mu
Read moreEncouraging trend continues at Norcros
7th Oct 2010 14:06
Showers and tiles group Norcros has seen a turnaround in its South African business, despite continued uncertain market conditions. Overall, the group has seen a sharp increase in like for like (LFL) sales, helped by some currency tailwinds. When the numbers are finally totted up group revenues for
Read moreLondon close: Winning streak ends
7th Sep 2010 16:48
London's leading share index gave up a winning streak that lasted all last week and continued yesterday. The day started sluggishly and continued in that vein after a lower start on Wall Street. Takeover talk provided much of the excitement, with bid speculation about engineering group Invensys an
Read moreLondon afternoon: Bid rumours relieve the gloom
7th Sep 2010 14:02
It's a case of 'another day, another bid rumour' for London, with bid speculation about engineering group Invensys and oil explorer Tullow Oil providing a bit of cheer to a subdued market. The rumour-mongers are suggesting that the UK engineering conglomerate could be the subject of a 350p per sh
Read moreSmall cap round-up: African Consolidated, Independent Media...
7th Sep 2010 11:41
Shares in African Consolidated Resources fell sharply after the Zimbabwe-focused miner said that the country's High Court rescinded a judgement last year validating the company's mining claims in the Marange diamond field. Shares in TV and radio advertising distributor Independent Media Distributio
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