Sales trend hearten Renold after tough year
8th Jun 2010 16:24
Industrial chains and torque transmission products maker Renold said last year was a difficult one for it as it fell into the red. Loss before tax in the year to 31 March 2010 was £13.6m versus a profit of £2.9m the year before. The group said it returned to operating profit in the second half (bef
Read moreMARKET TALK: Renold Shr Weakness An Opportunity - FinnCap
8th Jun 2010 14:28
1328 GMT [Dow Jones] The recent share price weakness in Renold (RNO.LN) is an opportunity to pick up the stock says David Buxton, analyst at FinnCap. He adds that with considerable operational gearing even on a lackluster economic recovery, profits should see considerable upside. Renold reported Tue
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jun 2010 14:28
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1328 GMT [Dow Jones] The recent share price weakness in Renold (RNO.LN) is an opportunity to pick up the stock says David Bux
Read moreUPDATE: Renold Orders Pick Up Following Loss
8th Jun 2010 13:20
(Adds executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Chain maker Renold PLC (RNO.LN) Tuesday said sales and orders improved significantly during the past few months and it expects to return to profitability this fiscal year. The company ea
Read moreINTERVIEW: Renold Seeking Acquisitions - CEO
8th Jun 2010 09:26
By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Chain maker Renold PLC (RNO.LN) Tuesday said it is on the hunt for acquisitions. Group Chief Executive Bob Davies told Dow Jones Newswires the company is interested in buying companies to grow both its chain business and its tor
Read moreRenold Orders, Sales Picking Up After Swing To Loss
8th Jun 2010 08:39
LONDON (Dow Jones)--Chain maker Renold PLC (RNO.LN) said Tuesday sales and orders have picked up significantly, after reporting a loss for its fiscal year as demand fell and customers worked through inventories rather than order new stock. Renold, which makes chains, gears and couplings, said de
Read moreTuesday tips round-up: Ryanair, Xstrata, Cranswick
2nd Feb 2010 06:54
Fares on flights will have to rise if the company is going to hit its targets, that's the warning issued by Michael O'Leary's Ryanair yesterday. This is, obviously, better news for investors than it is for its customers. Currently, 11% of intra-European traffic is transported on the Ryanair fleet a
Read moreRenold sees signs of recovery
1st Feb 2010 07:48
Industrial chain maker Renold's trading has continued to stabilise since November with early signs of recovery now starting to come through. Business since November has been in line with expectations, it said today. "We continue to see increasing stabilisation and some early evidence of recovery an
Read moreLondon close: US confidence sours sentiment
14th Aug 2009 16:28
Weaker than expected US consumer sentiment data upset the apple cart Friday, giving investors an excuse to bank profits ahead of the weekend. Stockmarkets on both sides of the Atlantic have risen 15% in the past month, so no wonder investors were keen to trim their portfolios. Wall Street headed s
Read moreLondon afternoon: US sentiment data disappoints
14th Aug 2009 15:30
London's stockmarket overcame a technical glitch Friday afternoon only for equities to turn lower following a surprise plunge in US consumer confidence. Wall Street tumbled three figures shortly after the University of Michigan said its consumer sentiment index for August fell to 63.2 rather than t
Read moreLondon midday: Equities still on the REIT track
14th Aug 2009 11:59
Properties, miners and housebuilders were the sectors making the running this morning as London's blue-chip index strives to make it three days of rises in a row. Reports this morning suggested a consortium of some of the world's richest families is plotting a bid for British Land. Liberty Internat
Read moreLondon open: British Land bid talk lifts market
14th Aug 2009 08:44
London's blue chips have opened slightly higher on a relatively quiet day with bid rumours among the big property groups the main talking point. Reports this morning suggested a consortium of some of the world's richest families is plotting a bid for British Land. Hammerson and Land Securities are
Read moreLondon pre-open: Positive start ahead
14th Aug 2009 07:39
London's blue chips are expected to open slightly higher on a relatively quiet day. Investors are likely to focus on US inflation and industrial production data due in the afternoon. Payment services group Paypoint said its trading performance since the end of March has been satisfactory. The compa
Read moreRenold sees sales decline abating
14th Aug 2009 07:06
Industrial chain maker Renold said the sharp declines in sales it has seen recently appear to have stabilised and that customers destocking may be abating. The firm, which reported a 25% slump in first quarter sales, said it saw no indication of customers restocking in the short-term. Renold, who
Read moreLondon close: Stocks pull out of tailspin
14th Jul 2009 17:09
Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
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