Rotork orders hit record
19th Nov 2010 07:23
Record orders over the past three months have kept valve and actuators group Rotork on course this year. "Order intake in the period remained strong, with the third quarter 28% higher than the prior year, a new record," the firm said. Cumulative order intake to the 31 October was 17.3% ahead of
Read moreWednesday tips round-up: HSBC, Taylor Wimpey, Mouchel...
4th Aug 2010 06:42
HSBC is present in 87 countries around the world but is, sensibly, focusing its firepower on Asia because it believes the Chinese economy will outstrip the US by 2020. The market is expecting substantial increases in the dividend payment over the next few years with the prospective yield for the sh
Read moreLondon afternoon: Fire sale at BP continues
3rd Aug 2010 14:14
After yesterday's dramatic rise London is taking a pause for breath today and either digesting the steady stream of big company results already out this week or preparing for results from the giants of the insurance and banking sectors later this week. Insurance colossus Aviva , scheduled to releas
Read moreLondon midday: Rally stalls
3rd Aug 2010 12:09
A mid-morning rally petered out just before noon leaving the FTSE 100 index still in negative territory, though not by much. Specialist banking group Investec is the heaviest faller in the FTSE 100. It has raised £104.5m through a placing of 22m shares at 475p each. The placing increases the share
Read moreLondon close: Footsie fights back
3rd Aug 2010 09:28
Footsie fought hard to finish in the blue after easing back following yesterday's surge, and was just a whisker short of positive territory at trading's close. An improvement on Wall Street after a shaky start breathed life into London's leading share index. Insurance colossus Aviva , scheduled to
Read moreLondon open: Profit taking clips Footsie
3rd Aug 2010 08:49
London's top stocks have run into some profit taking after yesterday's big gains both here and on Wall Street. Banks are mixed after confusing figures from state-owned Northern Rock. Now split into its "good half" and "bad half", the "bad half" bounced back into profit while the supposedly "good"
Read moreLondon pre-open: Small drop seen after Monday's rally
3rd Aug 2010 07:34
London's top stock are expected to open around 10 points lower after posting triple-digit gains yesterday. Miners could be in focus after Xstrata reported half year results. Anglo-Swiss mining leviathan Xstrata saw profits soar in the first half as the company remained on track to hit its productio
Read moreRotork pumps out profits
3rd Aug 2010 07:03
Engineering firm Rotork notched up record half year sales and profits in the first six months of 2010 as market conditions improved. "We remain cautious with regard to currency movements, commodity price increases and the resulting impact these may have on the competitive landscape. However, our le
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
29th Jul 2010 10:50
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0950 GMT [Dow Jones] UBS raises Rotork (ROR.LN) to buy from neutral and lifts target price to 1900p from 1400p. Says this
Read moreMARKET TALK: UBS Raises Rotork To Buy Vs Neutral
29th Jul 2010 10:50
0950 GMT [Dow Jones] UBS raises Rotork (ROR.LN) to buy from neutral and lifts target price to 1900p from 1400p. Says this reflects higher than expected order input and the potential upside from the introduction of the CVA range control valve actuator product. Brokerage says long-term growth seems as
Read moreFriday tips round-up: Booker, Investec, Great Portland
21st May 2010 06:48
There is cash in cash and carry ? at least at Booker, which showed black ink on its balance sheet yesterday for the first time since returning to the stock market three years ago. At 40¼p, the shares are trading at 12 times current-year earnings ? not stretched, given the combination of strong ear
Read moreLondon close: Footsie slides again on euro woes
20th May 2010 16:34
London took its place in line on another miserable day for European stock markets as concern about the health of Europe sparked a switch into bonds. US shares also slumped as German chancellor Angela Merkel issued more controversial comments, including advocating a hands-on global response to marke
Read moreLondon afternoon: Footsie lower on weak US
20th May 2010 14:24
Futures pointing to a sharp dip in US markets early on knocked blue chips in London as the afternoon session got underway. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy". The broker sa
Read moreLondon midday: Footsie drifts into the red
20th May 2010 12:07
Footsie dipped into negative territory shortly before the lunch time session commenced, with miners largely responsible for the downturn. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy".
Read moreRotork expands nuclear capability
20th May 2010 07:02
Rotork the manufacturer of electric, pneumatic and hydraulic valve actuators, is to buy a US designer and manufacturer of nuclear actuators. Rotork is paying $7.8m in cash for Ralph A. Hiller, a 60-year old company based in Pittsburgh, Pennsylvania. Around $1.3m of the cash consideration will be de
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