HSBC upgrades Weir to 'buy', lifts Smiths target price
23rd May 2016 12:08
(ShareCast News) - HSBC upgraded Weir to 'buy' from 'hold' and lifted the price target to 1,450p from 1,150p as it took a look at UK engineers. The bank lifted its 2017-2018 earnings per share estimates for the stock by 7% to 14% mainly on higher top-line/margin expectations in the oil & gas divisio
Read moreFTSE 250 movers: Restaurant Group sinks as revenues lift Rotork
29th Apr 2016 14:51
(ShareCast News) - The FTSE 250 was down in afternoon trading on Friday, as investors picked their way through a raft of corporate earnings and as data showed the eurozone fell further into deflation in April. Valve maker Rotork was among the index leaders in afternoon trading, after it reported a 0
Read moreCurrencies help drive Rotork first quarter revenues
29th Apr 2016 08:37
(ShareCast News) - Favourable exchange rates and contributions from acquisitions helped drive a 0.7% increase in first quarter revenues at valve maker Rotork. In a separate announcement, Rotork also said it was buying US outfit Mastergear from Regal Beloit Corporation for $25m on a cash-free, debt-f
Read moreThursday broker round-up
7th Apr 2016 15:32
(ShareCast News) - Zoopla: UBS downgrades to neutral with a target price of 260p. Caledonia Mining: Panmure Gordon downgrades to hold, 61p target. Burberry: RBC downgrades underperform with a target price of 1300p, JP Morgan reiterates neutral with a target of 1400p and UBS keeps at buy with a targ
Read moreLondon close: Stocks jump on gains in big pharma and rally in oil prices
6th Apr 2016 16:46
(ShareCast News) - London stocks advanced on Wednesday as oil prices regained strength and investors awaited the Federal Reserve's meeting minutes, which were due out later in the day. Oil prices rose, lifted by a 'bullish' report on the state of weekly US stockpiles of commercial crude. Hopes t
Read moreBroker tips: CRH, Cranswick, Rotork
6th Apr 2016 13:59
(ShareCast News) - The gloom hanging over emerging markets might be lifting on a 'tactical' basis, but the poor outlook for cement prices in that geography was set to drive a wedge between European building materials firms exposed to them versus those with a greater relative footprint in the US and
Read moreMorgan Stanley expects more capex cuts in Oil&Gas, downgrades Rotork
6th Apr 2016 13:41
(ShareCast News) - Cuts to capital expenditure budgets in the Oil&Gas space had only just begun and were beginning to filter through from the 'Upstream' segment into Mid and Downstream activities, Morgan Stanley said. There had been about $90bn of recent deferrals announced, the broker pointed out.
Read moreWednesday broker round-up
2nd Mar 2016 16:45
(ShareCast News) - Just Eat: JP Morgan reiterates overweight with a target price of 393p and Investec reiterates buy with a target price of 479p. Capital & Counties Properties: Morgan Stanley downgrades to underweight with a target price of 330p. Rightmove: Jefferies upgrades to hold with a target
Read moreFTSE 250 movers: Three senior underwriters jump ship at Lancashire Holdings
1st Mar 2016 17:06
(ShareCast News) - Shares in Lancashire Holdings dropped to the bottom of the pile on Tuesday. After the close of trading in the previous session, the company said three more senior underwriters had jumped ship, close on the heels of the announced departure of John Hamblin, the CUO at Cathedral, in
Read moreRotork lifts dividend despite drop in 2015 profit and revenue
1st Mar 2016 09:59
(ShareCast News) - Industrial components manufacturer Rotork lifted its full year dividend and expressed confidence in the medium-term outlook, despite posting a drop in 2015 profit and revenue amid challenging markets. For the year to the end of December, adjusted pre-tax profit fell 21.4% to £122.
Read moreFTSE 250 movers: Market turns on US job data
5th Feb 2016 15:43
(ShareCast News) - The FTSE 250 was still in the green mid-afternoon on Friday by 10.29 points (0.06%) at 6,097.02, but the second-tier market was tracking downwards. Just Eat led the risers after it revealed it had ordered four online takeaway food businesses in Spain, Italy, Brazil and Mexico for
Read moreFTSE 250 movers: Insurance worries sends Moneysupermarket.com falling
15th Jan 2016 15:21
(ShareCast News) - The FTSE 250 was set to close at its lowest point for 2016, with the market already down 256.85 points (1.56%) to 16,156.42 by mid-afternoon Friday. Moneysupermarket.com was the market's biggest faller after the company's fourth quarter insurance revenues were hit by stronger comp
Read moreRotork keeps full year guidance despite lower order book
13th Nov 2015 07:12
(ShareCast News) - Industrial valve maker Rotork said orders were down 17% in the third quarter due to the slowdown in the oil sector, but was maintaining its full year guidance with revenue in the range of £530m-£555m and adjusted operating profit of £120m-£130m at current exchange rates. Third qua
Read moreFriday preview: Eurozone Q3 GDP flash estimate, Rotork update eyed
12th Nov 2015 14:11
(ShareCast News) - Investors will have a slew of data releases to sink their teeth into on Friday, although the corporate calendar is looking pretty light. The flash estimate of third quarter Eurozone gross domestic product is at 1000 GMT, along with trade balance figures for the bloc, while UK cons
Read moreTuesday newspaper share tips: Rotork exposed to more losses, Jupiter Fund "not that bad"
13th Oct 2015 10:16
(ShareCast News) - With shares sliding in Rotork, one newspaper pundit is again advising traders to sell. The Telegraph's Questor noted on Tuesday that the shares look exposed to even more losses. It came after a brief recovery for the company, following a profit warning last month that August had
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