London afternoon: Stocks sail on Greek tailwinds
31st May 2011 14:21
Optimism about a resolution to Greece's latest dire need for a bail-out is giving equities a boost today, providing some much needed focus on a day that is short of block-busting company news. Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Rail
Read moreRenold posts FY operating profit
31st May 2011 07:20
Industrial chain maker Renold moved into a full year operating profit and pared back pre-tax losses as it looks to emerging markets for fresh sales momentum. Operating profit came in at £4.3m in the year ended 31 March 2011 compared to a loss of £4.8m previously. Pre-tax loss narrowed to £1.3m from
Read moreWednesday tips round-up: Severn Trent, Travis Perkins, Renold...
24th Nov 2010 06:48
Behind the as-expected headlines, water firm Severn Trent has a good story to tell. Most importantly, given the new pricing structure, Severn Trent's cost-cutting plans are on track. Operating expenditure is also in line with forecasts, and below the level set by the regulator. With a price-earnin
Read moreLondon close: Miners get a hammering
23rd Nov 2010 16:57
Footsie staved off a triple-digit fall by less than half a point as worries over the situation in Korea and the prospect of other European countries joining Ireland in the queue for a bail-out nagged away at investors all day. Asia-focused bank Standard Chartered was hit by worries over the exch
Read moreLondon afternoon: TUI bid rumour revived
23rd Nov 2010 14:11
With the Dow Jones index expected to register a triple-digit fall when Wall Street opens, sentiment in London has dipped further. Fears of debt contagion in the euro-zone are pushing the banks down, with Barclays, Standard Chartered and Lloyds Banking the hardest hit. Royal Bank of Scotland defies
Read moreLondon midday: Tough morning for blue chips
23rd Nov 2010 11:48
Blue chips have had a difficult morning with the twin concerns of a serious outbreak of fighting in Korea and Irish bail-out worries knocking sentiment. Fears of debt contagion are pushing the banks down, with Barclays, Standard Chartered and Lloyds Banking the hardest hit. Royal Bank of Scotland
Read moreRenold moves to profit as sales recover
23rd Nov 2010 07:43
A combination of a recovery in sales and cost-cutting helped industrial chain-maker Renold move into profit in the half year to September 30. The company posted a pre-tax profit of £400,000, against a loss of £8.8m over the same period the previous year on revenues that jumped to £92.9m from £75.5
Read moreBroker snap: Strong order intake at Renold
15th Oct 2010 13:23
Thursday's trading update from Renold pointed to first half profits ahead of expectations and prompted FinnCap to whack its full year earnings forecast for the supplier of industrial chains and torque transmission products up by 30%. The broker now forecasts adjusted profit before tax of £5.5m for
Read moreBroker tips: Diageo, Renold, Synchronica
15th Oct 2010 13:00
Although Diageo released a statement yesterday broadly in line with expectations, the group highlighted a weak consumer environment in Europe, a concern echoed by broking group Killik. The trading update for the premium drinks company revealed a 5% increase in net sales and a 7% rise in net assets
Read moreSmall cap round-up: Nighthawk, Renold, Scapa...
14th Oct 2010 11:51
US-focused oil and gas group Nighthawk has secured a £25m equity finance facility "to continue the development of the company's asset base." Chain-maker Renold has continued to see strong sales. "The strengthening order book gives good confidence for the third quarter," it said. "While visibil
Read moreUK SMALLCAP ROUNDUP: Photo-Me Eyes "Futuristic" Photos Boost
7th Jul 2010 16:00
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PHOTO-ME INTERNATIONAL PLC (PHTM.LN), a photo booth operator, said a significant proportion of future revenue is set to come from its "futuristic" photo boot
Read moreUK SMALLCAP ROUNDUP: Aveva Eyes Boost From BP Gulf Spill
7th Jul 2010 12:30
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps AVEVA GROUP PLC (AVV.LN), a maker of engineering software, said Wednesday that safety concerns following the Gulf of Mexico oil spill will likely increase de
Read moreUK SMALLCAP ROUNDUP: DS Smith To Acquire France's Otor
7th Jul 2010 09:30
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps DS SMITH PLC (SMDS.LN) Wednesday said it agreed to acquire a French packaging business from Carlyle Group LP for EUR247 million to bolster its presence in co
Read moreRenold Says Sales Rebound Boosts First-Quarter Profit
7th Jul 2010 07:39
LONDON (Dow Jones)--Chain maker Renold PLC (RNO.LN) Wednesday said profit for its fiscal first quarter was well ahead of its expectations following a rebound in sales in Western countries hard hit by recession. Renold added orders have also improved and its outlook for the six months to Sept. 30
Read moreWednesday tips round-up: Tesco, WH Smith, Aggreko
9th Jun 2010 07:00
Tesco faces challenges in the current market. Sales growth in the UK is unlikely to be spectacular and the improvement in its global operations will be slow and steady, tied into the economic recovery. Also, Fresh 'n' Easy in the US is yet to make a profit. However, retiring chief executive Sir Te
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