Renew remains on course as engineering division buoyed by acquisition
1st Oct 2018 08:09
(Sharecast News) - Engineering group Renew Holdings reported that integration of newly acquired QTS has gone "extremely well", as overall operations remain in line with market expectations.
Read moreRenew Holdings looks to deliver further growth
22nd Nov 2016 14:46
(ShareCast News) - UK engineering services group Renew Holdings is confident of delivering further growth after it booked better full-year revenue and adjusted pre-tax profit. Dividend was 8p a share, up from 7p a year earlier. Revenue ticked a bit higher to £525.7m, from £519.6m. Adjusted pre-tax
Read moreRenew Holdings buys railway engineer for £5m
1st Nov 2016 08:10
(ShareCast News) - AIM-listed engineer Renew Holdings has bought Giffen Holdings, a provider of mechanical, electrical and power services for railways, for an initial £5m. A further £2m will also be spent to redeem loans from Giffen's current private equity owners, while the whole consideration will
Read moreFriday newspaper share tips: Deutsche Boerse, London Stock Exchange, Renew Holdings
3rd Jun 2016 14:08
(ShareCast News) - Investors have been burdened with various themes ahead of the Deutsche Boerse (DB) and London Stock Exchange (LSE) merger, which may yet throw up another area ripe for growth, writes Financial Times' Lex column. It contended that indices -- in addition to the usual focuses on clea
Read moreRenew Holdings year-end order book up 15%
27th Jan 2016 12:53
(ShareCast News) - Renew Holdings' order book was up by 15% at the end of December, according to a trading update issued on Wednesday. The engineering services company said trading in the first quarter met its expectations and order book for the rest of the year remains healthy. Chairman Roy Harris
Read moreRenew Holdings raises dividend as first half profit grows
19th May 2015 14:55
Renew Holdings reported a gain in pre-tax profit for the first half of this year on rising revenue, and said it was increasing the interim dividend by 50%. The engineering services company posted a pre-tax profit of £7.7m up 7% from £7.2m in the same period last year. Revenue came in at £252.1m, up
Read moreMonday broker round-up UPDATE
3rd Nov 2014 10:47
Aa: Liberum Capital initiates with a target price of 417p and a buy recommendation. Afren: UBS lowers target price from 130p to 115p, keeping a buy recommendation. Anglo American: Nomura reduces target price from 1550p to 1400p, while leaving its neutral rating unaltered. Barclays: Exane ups targe
Read moreMonday broker round-up UPDATE
29th Sep 2014 09:22
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 430p and stays with its hold recommendation. Numis upgrades from hold to add with a target price of 455p. Balfour Beatty: Westhouse Securities places its target price under review keeping a sell recommendation. Circle Holdi
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreRenew Energy completes acquisition of Clarke Telecom
21st May 2014 13:19
AIM-listed Renew Energy has completed the acquisition of Clarke Telecom, an engineering services group. The group, which had already purchased part of the firm, spent a further £5.1m on the remaining shares, taking the total consideration to £17m cash. The acquisition has been funded from Renew's
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreRenew snaps up engineer Clarke to tap into wireless telecoms growth
29th Apr 2014 11:12
Infrastructure engineer Renew Holdings has agreed to acquire Clarke Telecom for 17m pounds to tap into a wireless telecoms infrastructure market currently enjoying strong growth. The acquisition will be earnings enhancing for the group, with broker Numis putting a figure of 16% on the initial expec
Read moreRenew Holdings sees strong first half
28th Mar 2014 10:00
Engineering services group Renew Holdings has said that trading since beginning of the year has been strong and well ahead of the comparative position last year. In an update on trading ahead of the interim results for the half year ended March 31st, the group has now seen noticeable growth in its
Read moreNorthern Petroleum Chief makes modest investment
3rd Feb 2014 16:59
Northern Petroleum on Monday announced that its Chief Executive Officer, Keith Bush, had the same day purchased 85,000 ordinary shares. Costing 31.18p each, Bush spent a total of £26,503 on the shares. The purchase marks his only holding in the group. Meanwhile, fellow board member, Stewart Gibs
Read moreRenew Chairman cheers with AGM update
29th Jan 2014 11:00
Investors in Renew got a welcome update at Wednesday's annual general meeting (AGM) after its Chairman opened with the news that first quarter trading had been 'well ahead' of the comparative position last year. Roy Harrison told shareholders of the engineering services and specialist building firm
Read more