Rotork acquires two new companies
29th Sep 2015 07:03
(ShareCast News) - Rotork has purchased Roto Hammer Industries and Servo Moteurs Service for over £9m. The FTSE 250 listed actuator manufacturer and flow control company announced the acquisitions on Tuesday. Roto Hammer, which manufactures custom-designed chain wheel manual valve operators in Tuls
Read moreJefferies downgrades IMI, Rotork and Oxford Instruments
22nd Sep 2015 14:25
(ShareCast News) - Jefferies downgraded IMI to 'hold' from 'buy' and cut its price target to 1,150p from 1,050p as it took a look at the UK capital goods sector. Jefferies said there is an attractive long-term investment case at IMI, but the near-term outlook for the group still faces challenges fro
Read moreLondon close: Analysts see further downside risks for copper
21st Sep 2015 17:06
(ShareCast News) - UK stocks finished the session with slight gains, tracking the ebb and flow of trading Stateside as analysts continued to weigh in with their opinions on the US Federal Reserve's decision on 17 September to stay put. Investors were also digesting remarks from various Fed officials
Read moreRotork directors try to stem falling stock
21st Sep 2015 16:07
(ShareCast News) - Martin Lamb and Gary Bullard have purchased a handful of shares in Rotork, in a bid to stem the falling value of the company. JPMorgan Cazenove downgraded the stock to 'neutral' from 'overweight' and slashed its price target to 180p from 245p. It followed the company's profit warn
Read moreBroker tips: BT Group, Rotork, Wolseley
21st Sep 2015 14:29
(ShareCast News) - Nomura downgraded BT Group to 'neutral' from 'buy' and cut its price target to 490p from 560p. The Japanese bank said it senses a negative shift in regulatory risk, which along with renewed public sector headwinds dents its confidence in BT achieving its target of profitable top-l
Read moreFTSE 250 movers: Kier Group rebounds from last week; Rotork falls after downgrade
21st Sep 2015 14:03
(ShareCast News) - After a slow morning on Monday, the FTSE 250 was up 0.25% or 43.22 points to 16,993.95. Kier Group has started to bounce back after last week's fall from grace. The stock slumped despite reporting a jump in pre-tax profit for the year ended 30 June as revenue rose thanks to a soli
Read moreLondon midday: Investors shake off Wall Street losses, Fed remarks
21st Sep 2015 11:33
(ShareCast News) - UK stocks edged higher as investors digested a raft of remarks over the weekend from various members of the Federal Reserve and ahead of a speech from another top US central bank official scheduled for later on Monday. As of 1147 BST the Footsie was 33.45 points higher to reach 6,
Read moreRotork slumps again as JPMorgan downgrades to 'neutral'
21st Sep 2015 09:34
(ShareCast News) - Shares in industrial components manufacturer Rotork were under the cosh again as JPMorgan Cazenove downgraded the stock to 'neutral' from 'overweight' and slashed its price target to 180p from 245p following the company's profit warning last week. JPM said it's clear that end-mark
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreBroker tips: Rotork, McBride
18th Sep 2015 17:14
(ShareCast News) - Rotork was in the red again on Friday, having fallen sharply the day before on the back of a profit warning, as analysts at Nomura and RBC Capital Markets downgraded their ratings on the stock. Nomura cut Rotork to 'reduce' from 'neutral' and slashed the price target to 180p from
Read moreRotork slumps again as Nomura, RBC downgrade after profit warning
18th Sep 2015 11:27
(ShareCast News) - Rotork was in the red again on Friday, having fallen sharply the day before on the back of a profit warning, as analysts at Nomura and RBC Capital Markets downgraded their ratings on the stock. Nomura cut Rotork to 'reduce' from 'neutral' and slashed the price target to 180p from
Read moreFTSE 250 movers: Ocado surges on back of positive broker notes
17th Sep 2015 14:19
(ShareCast News) - The FTSE 250 index was down 20.12 points, or 0.12%, to 17,041.85 mid-trading Thursday afternoon. Leading the risers was online grocery delivery company Ocado Group, which surged today on the back of positive notes from Morgan Stanley and Deutsche Bank. Vehicle hire group North
Read moreRotork shares plunge as Investec says 'sell'
17th Sep 2015 10:45
(ShareCast News) - Shares in Rotork plunged 15% after Investec downgraded the stock to a 'sell' after the company on Thursday warned its full year profits would be lower than expected. The broker cut its target share price to 170p from 210p. Investec said Rotork's purchase of specialised valve make
Read moreWeir wanes on FTSE demotion and read-across from Rotork, Hunting
17th Sep 2015 10:16
(ShareCast News) - Shares in engineer Weir Group have slumped back on Thursday ahead of the company's pending demotion from the FTSE 100, losing some of the ground gained in the last two days. On Tuesday the shares hit a five-year low but then bounced back apparently due to Blackrock calling a botto
Read moreFTSE 250 movers: Marshalls gains on interims, Debenhams slumps on downgrade
28th Aug 2015 14:36
(ShareCast News) - London's FTSE 250 was a touch higher on Friday and by 1445 BST, was trading up 0.2% at 16,952.75, with investors mostly keeping to the sidelines at the end of what's been a pretty turbulent week. Marshalls was the standout gainer after the paving slabs specialist posted a strong s
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