Rotork profits fall as parts shortages hit revenue
1st Mar 2022 07:12
(Sharecast News) - Engineering group Rotork reported a fall in annual profits as computer chip shortages hit revenues and warned supply chain constraints would not improve during the first half of 2022.
Read moreRotork names Kiet Huynh as CEO
10th Jan 2022 07:10
(Sharecast News) - Manufacturer Rotork tapped Kiet Huynh to take over as chief executive officer on Monday, with immediate effect.
Read moreBerenberg lowers target price on Rotork
19th Nov 2021 08:04
(Sharecast News) - Analysts at Berenberg slightly lowered their target price on manufacturer Rotork from 425.0p to 410.0p on Friday following the group's recent trading update.
Read moreRotork revenues feel squeeze from parts shortages
18th Nov 2021 08:03
(Sharecast News) - Flow control and instrumentation maker Rotork said second half revenue would be squeezed as supply-chain pressures continued.
Read moreRotork starts £50m share buyback
18th Aug 2021 08:48
(Sharecast News) - Industrial valve maker Rotork on Wednesday said it was buying back up to £50m of its shares.
Read moreWednesday broker round-up
4th Aug 2021 14:12
(Sharecast News) - ITV: Berenberg upgrades to 'buy', fair value estimate at 155.0p.
Read moreTuesday broker round-up
3rd Aug 2021 12:23
(Sharecast News) - Rightmove: Berenberg upgrades from 'sell' to 'hold' and lifts target price from 455.0p to 710.0p; Credit Suisse stays at 'neutral' and raises target price from 600.0p to 660.0p.
Read moreRotork says CEO Hostetler to quit as profit rises
3rd Aug 2021 08:20
(Sharecast News) - Rotork announced plans for Chief Executive Kevin Hostetler to leave the company as the industrial instruments maker posted a 2.4% profit increase for the first half.
Read moreTuesday broker round-up
18th May 2021 14:00
(Sharecast News) - BP: Barclays upgrades to top pick with a target price of 475p.
Read moreRotork reports Q1 in line despite cautious outlook on Covid
30th Apr 2021 07:40
(Sharecast News) - Valve and instrumentation maker Rotork said first quarter performance continued to improve in line with expectations despite the impact of the Covid-19 pandemic.
Read moreFriday broker round-up
12th Mar 2021 13:25
(Sharecast News) - Petra Diamonds: Berenberg upgrades to buy with a target price of 2p.
Read moreThursday broker round-up
11th Mar 2021 13:28
(Sharecast News) - Hunting: RBC Capital Markets downgrades to sector perform with a target price of 305p.
Read moreRotork reports resilience in Covid-impacted year
2nd Mar 2021 08:52
(Sharecast News) - Rotork reported a 12.4% decline in order intake in its full-year results on Tuesday, to £590.2m, reflecting the impact of Covid-19 on global economic activity.
Read moreJPMorgan downgrades Rotork to 'neutral'
7th Dec 2020 08:42
(Sharecast News) - JPMorgan Cazenove downgraded its stance on industrial flow control equipment maker Rotork on Monday to 'neutral' from 'overweight' as it argued the company faces a still challenged end-market backdrop in 2021, likely limiting near-term upside to consensus.
Read moreRotork order intake shows 'sequential improvement' in Q3
25th Nov 2020 08:05
(Sharecast News) - Manufacturer Rotork said on Wednesday that third-quarter order intake had shown "sequential improvement", with declines being slightly less than the 15.6% seen in the first half of the year.
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