Friday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreRedhall proposes fundraising to recapitalise balance sheet
7th Mar 2014 07:38
Redhall Group has announced plans to raise 7.5m pounds to recapitalise the engineering support service company's balance sheet. The firm will place more than 19m shares of 25p in capital at a price of 39p each, representing a 39.2% interest. Redhall said the recapitalisation of the balance sheet,
Read moreRedhall shares plunge on profit warning
13th Sep 2013 08:35
Shares in Redhall Group plunged by more than a quarter after the engineering support services company warned that trading and profits for the second half would miss forecasts. Redhall said performance had been hit by lower activity and margins in its nuclear business and some parts of its engineeri
Read moreRedhall boosted by contract wins
22nd Jan 2013 08:17
Shares of engineering support services group Redhall flew off the shelf after it announced it had been awarded a number of contracts across its nuclear and manufacturing operations. Redhall Nuclear has been selected as a strategic partner by AWE to provide mechanical and electrical engineering ser
Read moreRedhall says goodbye to troubles
6th Dec 2012 15:03
Redhall Group, the specialist engineering support services firm, said that after a testing year the worst was behind it. The Yorkshire-based company has been hit by a number of contract issues, including an expensive legal battle with Vivergo over a biofuels plant. Underlying revenue for the year
Read moreWalker Greenback's CEO sells 100,000 shares
3rd Oct 2012 16:08
Walker Greenback's Chief Executive Officer, John Sach, has sold 100,000 ordinary shares in the company on the same day the luxury interior furnishings group reported an increase in half year sales. The boost to sales came after an upturn in the US interior furnishings industry despite the fact tha
Read moreTravis Perkins big wheel shovels out shares
21st Sep 2012 15:48
Arthur Davidson, the Divisional Chairman of Specialist Merchanting at builders' merchant Travis Perkins, sold two lots of 5,000 shares on Friday. In the first tranche, the director sold the shares at 1,085.23p for a total of £54,262, and in the second the other 5,000 at 1,089p for £54,450. Follow
Read moreKate Bostock ditches M&S shares ahead of departure
17th Sep 2012 16:11
Marks & Spencer's departing Head of Clothing Kate Bostock has taken advantage of recent bid speculation to sell shares in the company at 371.60p on Friday. In recent weeks there has been on-going speculation that private equity titan CVC Capital Partners is considering a takeover offer for the Hig
Read moreSmall caps round-up: Byotrol, sareum, KDD ...
19th Jul 2012 12:07
Byotrol, an anti-microbial hygiene company, has continued to make progress and has maintained the momentum seen in the second half of last year into the current financial year. The balance sheet continues to remain strong and is well positioned to its objective of positive cash generation at the ear
Read moreRedhall names Shuttleworth CEO
7th Jun 2012 07:54
Specialist engineering support services group Redhall has appointed Richard Shuttleworth as chief executive officer with effect from 1 September 2012. Shuttleworth, 51, is currently a director of RPS Commercial Services and has previously been a director at Cape Industrial Services and commercial d
Read moreRedhall hit by legal fight but says future bright
8th Dec 2011 09:11
Redhall, the engineering support services group, saw full year profits plunge but in line with expectations. Adjusted pre-tax profits for the year to the end of September were £3.9m, a 45% fall on £7.0m the firm made in 2010. However, exceptional items worth over £11m saw profits fall £8m into the
Read moreRedhall wins dispute with Vivergo Fuels
1st Aug 2011 15:52
Redhall Engineering Solutions has won its case against Vivergo after it was determined by an adjudicator that Vivergo Fuels, a joint venture between BP, British Sugar and DuPont, had unlawfully attempted to terminate its contract with the company. Engineering support services group Redhall went h
Read moreFriday tips round-up: Johnson Matthey, Impax, Kingfisher
3rd Jun 2011 06:35
Johnson Matthey, originally in precious metals such as platinum and palladium, still refines and distributes these. But it also puts them into technologies that are used to reduce pollution, such as autocatalysts in cars and devices to cut emissions from power plants. Shares in Johnson Matthey, whic
Read moreLondon midday: Stocks stuck lower after slide
2nd Jun 2011 12:00
Shares remain firmly in the red following this morning's slide. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the year before. The numb
Read moreLondon open: Slide continues after US slump
2nd Jun 2011 08:22
Stocks have resumed yesterday's slide following a tumble on Wall Street last night. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the ye
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