Premier Farnell completes refinancing of debt facilities
16th Oct 2014 08:20
Technology group Premier Farnell has refinanced its debt by extending and amending its facilities with six banks to £250m. The multi-currency, revolving facilities expire in September 2019. "These facilities give the group the medium-term funding security to execute its strategy with confidence and
Read moreFTSE 250 movers: Booker rises after positive first half
18th Sep 2014 15:40
Shares in Booker Group performed strongly on Thursday after the group reported a 3.1% year-on-year rise in like-for-like sales. The result was welcome by Peel Hunt, which said it continues to see "significant upside" at the cash and cash firm after a decent second-quarter update. The broker kept a '
Read morePremier Farnell pleases with first-half growth
18th Sep 2014 12:49
Premier Farnell cheered with its first-half results, which it said reflected the gradual improvement in the market backdrop and lower finance costs. Adjusted first-half sales climbed 3.3% on an underling basis to £479.3m, helping to lift adjusted pre-tax profit 2.4% to £38.8m. Statutory revenue dro
Read moreLondon midday: Scottish stocks lead gains ahead of crucial referendum
18th Sep 2014 11:43
After a slow start, London stocks advanced on Thursday with the FTSE 100 bouncing off its lowest levels in nearly a month, as companies based north of the border advanced with the focus firmly on the Scottish referendum. The benchmark Footsie index was trading 0.4% higher at 6,811 by noon. Three str
Read moreLondon open: FTSE fluctuates at one-month low as markets await Scottish vote
18th Sep 2014 08:31
UK stocks opened broadly flat on Thursday as investors digested comments from the Federal Reserve and showed caution ahead of the Scottish referendum. London's FTSE 100 was down 0.06% at 6,777 in early deals, fluctuating at its lowest levels in nearly a month. The index closed the previous session a
Read moreSpirit Pub non-exec increase stake by a third
25th Jul 2014 15:58
Tony Rice, a non-executive director of Spirit Pub Company, has bought £152,506-worth of shares, increasing his stake by around a third. The addition of the 206,984 shares, which were bought at 73.68p apiece, take Rice's holding to 810,000 shares. The purchase comes a few weeks after the group to
Read moreFriday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreFTSE 250 movers: Lonmin jumps on potential resolution to strikes
12th Jun 2014 14:15
Shares in Lonmin, up nearly 10%, have rebounded strongly - having fallen as much as 4% earlier on - after reports that the AMCU union in South Africa has agreed to take an offer from partners Impala, Amplats and Lonmin to employees following strikes began earlier this year. Electronic components di
Read morePremier Farnell outlines global strategy, trading in line
12th Jun 2014 07:39
- Trading in line with company expectations - Outlines new global structure as India and China markets shine - New executive team to lead the simplified organisation Electronic components distributor Premier Farnell said trading, since its last update in May, has continued to be in line with expect
Read moreLondon midday: Stocks rangebound as investors turn cautious
28th May 2014 11:38
- Eurozone data comes in mixed, German unemployment weak - Markets cautious after recent highs - RBS, LSE lead financials high - GSK to be investigated by UK fraud body techMARK 2,788.03 +0.06% FTSE 100 6,849.21 +0.06% FTSE 250 15,890.88 +0.30% UK stocks were trading in a narrow range on Wednesday
Read moreLondon open: UK markets flat as Glaxo falls
28th May 2014 08:37
- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreFTSE 250 movers: Infinis lifted by broker rating
15th May 2014 14:58
Infinis rose strongly after Deutsche Bank upgraded the stock to 'buy' with a target price of 220p. The share price of Kier also rose after the construction, services and property group was named as a preferred bidder on two new long-term Anglian Water contracts and gave a positive update on third-q
Read morePremier Farnell delivers in-line first quarter
15th May 2014 08:39
The first three months of the year delivered an in-line performance at technology distribution group Premier Farnell, with a two per cent year-on-year rise in group sales per day. It said the gross margin was expected to be consistent with the fourth quarter of last year as it continued to optimise
Read moreFTSE 250 movers: Ophir rises after positive Deutsche Bank rating
20th Mar 2014 14:45
Ophir Energy was a strong riser after Deutsche Bank reiterated its 'buy' rating on the stock despite it posting wider annual losses. The group fell sharply in yesterday's session after it said it had failed to encounter significant hydrocarbons at the Padouck Deep-1 well in the Ntsina block offshore
Read morePremier Farnell recovers in second half but visibility remains limited
20th Mar 2014 08:36
- Revenue up two per cent - Earnings down 2.1 per cent - Dividend flat at 10.4p As markets improved in the second half of the year electronics distributor Premier Farnell fought back to hit annual targets with operating profits flat and earnings mostly recovered from their first half losses. Reven
Read more