Rotork reports rise in third quarter revenue
15th Nov 2013 07:34
British manufacturing company Rotork said revenue in the third quarter was 13 per cent higher than year ago, driven by a higher order intake. Order intake in the period from July 1st to November 14th was broadly in line with the prior year but cumulative order intake was up 6.9%. Based on project
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreThursday broker round-up UPDATE
29th Aug 2013 09:48
Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight
Read moreMonday broker round-up UPDATE
12th Aug 2013 07:30
BAE Systems: Morgan Stanley increases target price from 350p to 430p and retains an equal-weight rating. Bodycote: N+1 Singer upgrades to buy with a target price of 700p. British American Tabacco: Goldman Sachs takes target price from 4220p to 4280p and stays with its buy recommendation. Capita G
Read moreThursday broker round-up UPDATE
8th Aug 2013 07:10
Aquarius Platinum: Investec places its target price (prev.: 46p) under review, while keeping its hold recommendation. Avocet Mining: Canaccord Genuity upgrades from sell to hold with an unchanged target price of 112p. BBA Aviation: Citi raises target price from 292p to 335p reiterating a buy recom
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreLondon close: Markets choppy on tapering concerns
6th Aug 2013 17:02
It was a choppy session on Tuesday with the FTSE 100 struggling for direction early on before sinking firmly into the red as concerns of a 'tapering' of stimulus in the US dampened sentiment. The FTSE 100 finished down 15 points at 6,604, though closed well off its intraday low after a late rally.
Read moreFTSE 250 movers: Rotork, Salamander Energy, esure, Greggs
6th Aug 2013 13:08
Rotork was the biggest riser on the FTSE 250 after the maker of valve-control systems for the oil, gas and water industries, posted a 12 per cent increase in first half profit on the back of acquisitions and higher margins. Salamander Energy edged higher after announcing a new oil discovery in Tha
Read moreLondon midday: Markets trim losses after UK data, StanChart
6th Aug 2013 11:23
Markets had recovered some lost ground by Tuesday lunchtime following some early falls, as data showed that the UK economic recovery continues to gather momentum and results from banking group Standard Chartered were well received. The FTSE 100 opened firmly in the red this morning, dampened by wea
Read moreRotork posts record revenues in first half
6th Aug 2013 08:22
Record first half results from industrial valve manufacturer Rotork have provided encouragement for its acquisitive approach. Each of the FTSE 250 group's divisions turned a profit, combining to produce profits before tax and amortisation up 12.3% to £69.4m. Chief Executive Peter France said: "Ou
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreBroker snap: Goldman Sachs lowers targets for capital goods firms
10th Jul 2013 09:02
In light of lowered Chinese GDP forecasts from their economists and data suggesting prolonged weakness in manufacturing activity analysts at Goldman Sachs have reviewed estimates for those industrials stocks most exposed to China. As well, they point out that heightened risks remain for short term
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
Read moreLondon open: Positive start after strong US jobs
8th Jul 2013 08:04
London's leading shares started the week on strong footing after Friday's better than expected US nonfarm payrolls number and as focus turns to European Central Bank (ECB) President Mario Draghi's speech to European Parliament. Friday's widely watched report from the Labor Department showed US empl
Read moreRotork acquires actuator service firm Flowco
8th Jul 2013 07:01
Actuator manufacturer and flow control company Rotork has acquired the entire issued capital of Flowco, a valve and actuator service firm in Bath, UK. Rotork's Chief Executive Officer, Peter France, said the transaction would improve the group's value in the manufacturing of actuators, a type of mo
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