Renold hammered after profit warning
4th Oct 2012 08:11
Engineering firm Renold is to take the axe to its cost base once again after issuing a profit warning. The board has made a good start with the refinancing of is main bank facilities, which will bring in an immediate reduction in borrowing margins of 1.25 - 1.50 percentage points, with scope for f
Read moreExperian director reduces stake by 40,000
7th Aug 2012 14:58
Experian non-Executive Director, David Tyler, who is also the Chairman of both Sainsbury and Logica, has ditched 40,000 shares in the FTSE 100 financial data company. Tyler's sale, which saw him pocket £388,236 by selling the shares at 970.59p each, comes less than a month after the company posted
Read moreRenold warns of deteriorating trading conditions
2nd Aug 2012 09:12
Industrial chains maker Renold suffered a significant drop in its share price on Thursday after warning of deteriorating trading conditions in a number of territories. The group reported a 'marginal' overall reduction in sales, pushing profits lower. Despite this, the firm stressed that the level o
Read moreTracsis tech officer ditches shares
6th Jun 2012 15:54
Raymond Kwan, the Chief Technical Officer of Tracsis ditched 750,000 shares on the same day the firm announced that it considers it likely that the company will exceed current market expectations for the year ended July 31st 2012. Tracsis is a developer, supplier and aggregator of resource optimis
Read moreBG boss sells without explanation
1st Jun 2012 11:59
The Chief Executive of BG Group, the FTSE 100 natural gas company, has offloaded more than £4.7m-worth of shares without an explanation, putting a serious dent in the share price. Sir Frank Chapman sold 368,185 at 1,285p each, reducing his stake to just over 1.5m shares, equal to 0.0446% of the iss
Read more3i Chief Executive buys four million shares
31st May 2012 15:50
Simon Borrows, the new Chief Executive of FTSE 250 private equity infrastructure and debt management group 3i, has celebrated his new position with the purchase of four million shares. The director, who clearly has faith in his own ability to overcome the company's challenges, handed over £6.9m fo
Read moreTuesday broker round-up - UPDATE
29th May 2012 09:06
Brewin Dolphin: Peel Hunt maintains buy rating and 185p target. BTG: finnCap raises target from 326p to 331p, hold rating maintained. Euromoney Institutional Investor: Peel Hunt upgrades from hold to buy, target left at 800p. Greggs: Canaccord Genuity upgrades from hold to buy, target left at 520
Read moreRenold shares hit after update
17th Apr 2012 11:10
Transmission products firm Renold saw its shares drop over nine per cent on Tuesday morning after it said growth had slowed in the second half. The firm said full-year adjusted earnings had doubled on the previous year, in line with expectations. It added that operating margins and profit improve
Read moreStandard Chartered earns 5.9m pounds worth of shares
16th Mar 2012 16:28
Peter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. San
Read moreRenold seeing return of strong growth in Europe
15th Feb 2012 11:19
Industrial chains maker Renold was flushed with success on Wednesday after a well-received trading update which revealed the company is building on the progress made in the first half of its financial year. The company said that year-on-year growth in underlying orders intake and sales since the be
Read moreRenold sees rise in profit but fall in cash
15th Nov 2011 16:03
Industrial chain maker Renold saw a huge rise in pre-tax profit after revenue increased more than £12.5m. Revenue rose from £92.9m to £105.5m leading to pre-tax profit of £3.7m (2010: £0.4m) Chairman Matthew Peacock said: "Order books remain strong and the outlook for second half sales growth
Read moreMedusa bosses buy on weakness
23rd Jun 2011 16:05
Directors at Philippines-focused gold producer Medusa Mining have upped their stakes amid a weak spell for the company's shares. Managing director Peter Hepburn-Brown took 15,00 shares at A$6.85 (449p) a time, paying a total of just over £67,000. He previously had no shares in the company. Non-ex
Read moreHornby chairman signals commitment
13th Jun 2011 17:24
The chairman of Hornby, Neil Johnson, has followed the company's chief executive in taking more shares in the train set maker, buying 50,000 shares at 139p a time. The transaction, which set him back a total of £69,500, takes his holding to 100,000 shares, or 0.25% of the company. His purchase com
Read moreWednesday tips round-up: Bloomsbury, Harvey Nash, Avingtrans...
1st Jun 2011 06:31
The headline figures in Bloomsbury's results at the end of last week were far from inspiring. But the real highlight of the update was the news that sales of electronic books had rocketed. Of course, the rise of e-books does present challenges for publishers. The most obvious will be the need for co
Read moreLondon close: More gains for FTSE 100
31st May 2011 16:38
Stocks built on the strong gains they posted ahead of the long weekend, surpassing the 6,000 point mark but finishing slightly below that psychologically-important level. In company news, Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway,mo
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