London midday: Gold stocks shine in dull market
22nd Sep 2010 12:11
The market has been absorbed in interpreting smoke signals from the US and UK central banks today. In the US, the Federal Reserve left interest rates at just above 0% and said yesterday it expects the recovery to continue, but added "the pace of economic recovery is likely to be modest in the near-t
Read moreLondon open: Banks behind weak start
22nd Sep 2010 08:51
Reports that the government is mulling a new bank windfall tax has unsettled share prices this morning. Vince Cable, the Business Secretary, will say in a speech today that bankers present more of a threat to Britain than trade unions, adding that the corporate world is "murky" and that the capita
Read moreRedhall snaps up Mount
22nd Sep 2010 07:33
Redhall has agreed to buy Mount Engineering for 70p per share, valuing the oil and gas valve maker at £16m. Redhall, which already provides services for the energy, defence and nuclear industries, said the purchase will boost in its international presence in the oil and gas market and strengthen it
Read moreRedhall on track for FY
8th Apr 2010 08:01
Engineering support services group Redhall said trading in the six months to 31 March 2010 has been in line company expectations and is confident of meeting full year targets. "Whilst the overall market remains competitive, we have seen growth within the key areas of energy and defence where our te
Read moreFriday tips round-up: Go-Ahead, Halma, Marston's
4th Dec 2009 06:40
Bus and train group Go-Ahead is retaining some legacy contracts at Heathrow that are scheduled to run until 2011, and it is holding on to the Meteor car parking business, but the focus is firmly on public transport. Cue the acquisition of Plymouth CityBus, which has a fleet of more than 170 buses
Read moreRedhall sparkles
3rd Dec 2009 16:11
Specialist engineering support services group Redhall Group pleased the market with full year results that strong growth in revenue and profits. Adjusted profit before tax soared to £6.47m in the year to 30 September, from £4.65m the year before, on revenue that grew from £86.71m to £128.96m. Net
Read moreSmall caps round-up: Havelock Europa, Kryso, Max Petroleum...
17th Nov 2009 09:51
Shopfitter Havelock Europa has warned full-year results will likely miss forecasts following a 31% slump in order intake to £81m in the first ten months of 2009. "Whilst there is some encouragement from recent enquiry levels, revenue booked to date is running below forecast and it is unlikely that
Read moreLondon close: Footsie slides with Wall Street
1st Oct 2009 16:28
Footsie closed sharply lower after the US reacted badly to worse than expected dole claims. The Dow is now down more than 100 points with investors nervous ahead of the big monthly non-farm payrolls figure tomorrow. BAE struggled after the Serious Fraud Office asked the Attorney General if it can p
Read moreLondon afternoon: Blue chips drifting along
1st Oct 2009 14:05
Footsie has recovered a little ahead of the US open, but the index is still in the red with weapons group BAE Systems especially under the cosh. Early indications are for the Dow to drop between 15-18 points, with intital jobless claims a bit higher than expected. The big jobs figure comes tomorro
Read moreLondon midday: Footsie slips after record quarter
1st Oct 2009 12:08
Footsie has paused for breath after its record-breaking quarter with weapons group BAE Systems especially under the cosh. The Serious Fraud Office has asked the Attorney General if it can prosecute the defence contractor over alleged bribery in a number of countries. The SFO is deciding if it shou
Read moreLondon open: Healthy start to Q4
1st Oct 2009 08:40
London set off higher Thursday as buyers snapped up miners and Legal & General (L&G) continued to attract speculative interest. Persistent talk that Resolution is circling L&G had the insurer higher again in early deals, while yesterday's upgrade by Deutsche Bank helped. The broker also thinks Av
Read moreRedhall sees FY below market forecasts
1st Oct 2009 08:04
Engineering support services group Redhall said it expects profit for the year ended 30 September to be marginally below current market expectations. The group also confirmed that it has appointed Simon Foster group chief executive and John O'Kane finance director, starting 1 November. Tony Price
Read moreRedhall H1 pre-tax profit up 63%
4th Jun 2009 08:25
Engineering support services group Redhall posted a sharp rise in half-year pre-tax profit and said current trading remains in line with expectations. Profit before tax rose to £3.1m for the six months ended 31 March 2009 from £1.9m the year before. Revenue was up 56% at £64.8m. The group's orde
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