Tuesday share tips: BG Group, Ricardo
10th Sep 2013 08:01
Integrated natural gas company BG Group's decision to cut its guidance was due to geopolitical factors - in Egypt - and technical factors - in Norway. Nevertheless, the third reason behind that lower forecast - its decision to reduce the number of rigs operating in North America, is sensible. All in
Read moreMonday broker round-up UPDATE
9th Sep 2013 10:42
Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an
Read moreRecord full-year results at Ricardo
9th Sep 2013 07:41
Engineering consultancy Ricardo reported a record operating profit for the year as it starts the new financial year with a solid order book. Underlying pre-tax profit jumped 31% to £23.0m for the year ended June 30th 2013. Revenue climbed to £229.7m from £197.4m during the year. Underlying basic ea
Read moreRicardo says profit to beat forecasts
16th Jul 2013 08:18
Engineering consultancy Ricardo said overall customer activity in the final two months of the year has been positive with a good pipeline of work across most of the group. As a result, it expects revenue levels for the full financial year to be above the prior year, both including and excluding Ric
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreNon-exec at Lancashire Holdings sells quarter of stake
6th Mar 2013 16:11
Non-executive Director Neil McConachie sold 25,000 shares in Lancashire Holdings this week, it was announced Wednesday. Neil McConachie disposed of the shares at 913.00p each for a total of £228,250. The transaction comes two weeks after the insurance group announced that it will return $170m to
Read moreJohn Menzies pinches Ricardo Finance Director
30th Jan 2013 07:18
John Menzies has named Paula Bell as its new Group Finance Director, who joins the aviation and distribution group from the same role at engineering consultancy Ricardo. She will join after agreeing a mutually acceptable departure date with her current employer, the company said. John Menzies Ch
Read moreRicardo trading in line
14th Jan 2013 07:50
Engineering consultancy Ricardo said trading has continued to plan, with progress across most of the firm. The group, which provides technical and strategic consulting, manufacturing, assembly and software sales, said it remains confident of further progress both in the half and full year. UK oper
Read moreSDL head shows faith after profit warning
27th Nov 2012 16:28
The Chairman and Chief Executive of troubled business, translation and communications software company SDL has added 170,532 shares to his stake in the company one day after it issued a profit warning. Mark Lancaster, who also founded the group in 1992, was clearly keen to show his faith in the gr
Read moreThursday tips round-up: SSE, Ricardo, Lamprell
17th May 2012 06:55
SSE, formerly Scottish and Southern Energy, has seen profits down as a result of a warmer winter, and higher wholesale gas prices. It's also suffered from having to stop controversial door-to-door sales, a process which cost 60m pounds. Despite a prospective yield of 6.4 per cent, Tempus in the Tim
Read moreTuesday tips round-up: Ricardo, Aggreko, Reed Elsevier
27th Sep 2011 06:48
Ricardo has never been busier turning out the sort of supercars that would seem to be out of the price range of anyone barring investment bankers and Russian oligarchs. The company's performance products division, which is the part of Ricardo that actually makes things as opposed to advising how to,
Read moreLondon close: Financials soar on Eurozone bailout hopes
26th Sep 2011 17:15
In a battle between booming banks and melting miners, the banks emerged on top, as Footsie reversed early losses to finish in the blue. Hopes that Eurozone governments will get their act together and seriously bumnp up the Eurozone bailout fund, while pushing through more severe "haircuts" - reduc
Read moreCustomers coming back to Ricardo
26th Sep 2011 07:48
Ricardo's full year results reveal the consultant engineer saw a welcome return some of its former clients in the car manufacturing business. The company saw revenues rise 21% to £196.5m in the year to the end of June from £162.8m the year before. Technical Consulting revenues increased to £144.3
Read moreRicardo confident for full year
1st Mar 2011 07:27
Engine consultant Ricardo reported a 32% increase in half year pre-tax profit, upped its dividend and remains confident of further progress for the full year. Pre-tax profit rose to £5m for the six months ended 31 December 2010 compared to £3.8m a year earlier. Revenue for half year rose to £90.2m
Read moreThursday tips round-up: Millennium & Copthorne, Morgan Crucible, Game Group
17th Feb 2011 06:35
Richard Hartman, chief executive of Millennium & Copthorne, said last May that he wanted to retire by the end of the year, but he was still there yesterday fielding questions on the hotel group's 2010 results. M&C is unusual in the sector because it owns most of its assets. The big five managed chai
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