London midday: Markets on short fuse
19th May 2010 12:20
Water utility company Severn Trent was the only FTSE 100 constituent to advance during the morning session, as all of the others ended the morning underwater. If the move by Germany's financial regulator to impose an immediate ban on "naked short selling" of corporate debt last night was intended t
Read moreSector movers: Alternative energy bucks the downward trend
19th May 2010 11:13
Alternative energy is the only sector posting gains today, helped by a well-received trading statement from PV Crystalox Solar, the company that makes the silicon wafers used in solar power systems, as demand for its products improve. The company said shipment volumes for the first half of 2010 are
Read morePV Crystalox edges guidance higher
19th May 2010 11:12
The outlook is sunnier for PV Crystalox Solar, the company that makes the silicon wafers used in solar power systems, as demand for its products improve. The company said shipment volumes for the first half of 2010 are expected to be in the range of 155-160 megawatts (mw), an upgrade on the guidanc
Read moreBroker tips: BSkyB, PV Crystalox, Antisoma
29th Mar 2010 13:26
Broker UBS thinks the share price of pay TV operator British Sky Broadcasting (BSkyB) has been buoyed by hopes of a bid from majority shareholder News Corporation, an event which the broker thinks is unlikely to happen. 'Although it cannot be ruled out, we would question the timing and rationale fo
Read moreBroker snap: PV Crystalox unjustly overshadowed
29th Mar 2010 13:14
Solar panel silicon wafer maker PV Crystalox Solar (PVC) has seen its share price more than halve since May 2009 and Nomura Securities thinks the decline has gone too far. 'We reiterate our Buy rating as we see the stock as undervalued vs its peers given that we see upside from strong markets and a
Read morePV Crystalox chops divi
25th Mar 2010 07:53
PV Crystalox Solar, which makes the silicon wafers used in solar power systems, saw adjusted earnings more than halve in 2009 as the company was hit by a price squeeze. Total wafer shipment volumes in 2009 were 4% higher than in 2008 at 239 megawatts (mw) but with prices slumping in the second half
Read moreSector movers: Melrose lifts engineering sector
10th Mar 2010 14:25
Strong results from Melrose help lift the industrial engineering sector higher. Engineering conglomerate Melrose said the acquisition of FKI is working out better than expected for thee, helping it lift headline profits rise by almost two-thirds in 2009. Revenue advanced to £1,298.5m from £895.3m
Read moreLondon close: Footsie follows US lower
15th Jan 2010 16:39
Footsie finished the week on a low as a poor performance in the US dragged the leading share index down in afternoon trading. US shares fell after consumer confidence rose less than expected in January. Here, Man Group was the heaviest faller after the hedge fund manager suffered a 4% drop in fund
Read moreLondon afternoon: Flat Footsie
15th Jan 2010 14:27
The blue-chip index is treading water, though there has been some keen interest in the day's big results announcements. Man Group is sharply lower after the hedge fund manager suffered a 4% drop in funds under management during the third quarter, mainly due to the $1.2bn pulled out of its flagship
Read moreTuesday tips round-up; Wolseley, BHP Billiton, Centamin
12th Jan 2010 06:36
Ireland was not the biggest bet in Wolseley's decade-long multibillion-pound global acquisition spree, but the building-material distributor's exit from the country provides one of the starkest examples of how its ambitions have changed. Only five years ago, Wolseley paid €183m alone for Brooks, on
Read morePV Crystalox trading in line
11th Jan 2010 07:29
PV Crystalox Solar, the solar panel silicon wafer maker, said trading in the last six weeks of 2009 was in line with management expectations. Wafer shipments for the whole of 2009 were marginally above the guidance of 230-235 megawatts indicated in the November trading update, reflecting the impact
Read morePV Crystalox Solar on track
19th Nov 2009 09:57
PV Crystalox Solar, the maker of silicon wafers that are used in solar panels, said its full-year performance continues to be in line with expectations.? The group said the photovoltaic (PV) market is benefiting from improving demand driven by incentive programmes in Japan and in particular in Germ
Read moreThe Fundamentalist: PV Crystalox Solar
26th Sep 2009 22:41
It's rare for a growth stock to also be a value stock so my eye was caught by PV Crystalox Solar, the maker of silicon wafers that are used in solar panels, which scores close to five out of five on Digital Look's Star Rating system for both Value and Growth. An examination of the company's interim
Read moreFTSE 250 movers: Wellstream recovers some losses
21st Aug 2009 11:10
Shares in Wellstream Holdings have recovered slightly after falling sharply yesterday when the pipeline products maker for the oil and gas industry reported a slide in half-year profits. Silicon wafers supplier PV Crystalox Solar, which said on Wednesday it is confident of a "robust" performance in
Read moreLondon close: Late rally leaves Footsie little changed
19th Aug 2009 17:14
Share prices of London's leading stocks closed mixed, thanks to a late rally, after the market had spent most of the day in retreat. ENRC was the day's star performer despite reporting a 63% slide in pre-tax profits for the first half of 2009. The dividend has been cut in half but investors were e
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