Wednesday 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
Read moreSmall caps round-up: Avocet, Bellzone, Mwana Africa...
28th Jul 2010 11:16
Avocet Mining swung made a profit of $11.1m in the first six months of 2010 compared with a $4.5m loss in the half-year to 30 September, and ramped up gold production by around three quarters to 97,747 ounces. The firm which has changed its year-end, said its Inata mine in Burkina Faso produced 19,
Read moreNorcros 13 Week Revenue To June 27 Up But Cautious On Outlook
28th Jul 2010 07:39
LONDON (Dow Jones)--Norcros PLC (NXR.LN), a home consumer products group, said Wednesday that revenue for the 13 week period to June 27 increased by 16.0% and by 8.7% on a constant currency basis relative to the comparable period last year, reflecting an increase of 11.8% in the group's U.K. operat
Read moreStobart sells shares in family company
23rd Jun 2010 16:59
William Stobart sold 750,000 shares in transport group Stobart Group just in time to take advantage of the old capital gains tax regime. The sale at 145p a share raised £1.09m for Stobart, who is chief operating officer of Stobert Group. This disposal will attract capital gains tax at the rate of
Read moreUPDATE: Norcros Pins Growth Hopes On New Products
22nd Jun 2010 16:34
(Adds CEO comment, detail) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bathroom fittings group Norcros PLC (NXR.LN) said Tuesday it will continue investing in new products this year in a bid to pick up more market share, as it reported solid improvements in parts of its
Read moreUK SMALLCAP ROUNDUP: Easydate Fancies GBP10M IPO Raising
22nd Jun 2010 12:30
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 EASYDATE PLC, an Edinburgh-based internet-dating company, Tuesday said it plans to raise GBP10 million when it lists on London's Alternative Investment M
Read moreNorcros FY 2010 Loss Widens On Costs; Consumer Spend Uncertain
22nd Jun 2010 09:02
LONDON (Dow Jones)--Bathroom fittings group Norcros PLC (NXR.LN) Tuesday said its fiscal 2010 pretax loss more than doubled on the year as rising costs offset higher sales, adding the outlook for consumer spending in the U.K. remains uncertain. Norcros' pretax loss for the year ended March 31 wi
Read moreOverseas businesses hurt Norcros
22nd Jun 2010 07:45
Losses rose sharply at building tiles to showers group Norcros last year as problems overseas offset a strong performance in the UK. Pre-tax losses rose to £10m from £4.8m in the year to March, though sales rose to £170m from £154m. Most of the additional loss reflected a £5.7m write-off in Greece,
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