London close: Stocks fall back after poor US start
17th May 2011 16:43
Stocks were nursing substantial losses at the close of play after a poor start on Wall Street. Computer maker Hewlett-Packard sent a chill across the markets as it lowered its profits guidance. Chip-maker ARM Holdings was the heaviest faller here. India-focused energy firm Essar Energy led the ris
Read moreFTSE 250 movers: Babcock rises on revenue growth
17th May 2011 15:45
Engineering support services group Babcock International was boosted after reporting that revenue during the year to 31 March was up by 50% and the full-year dividend would be raised by 10% to 19.4p. Peel Hunt kept a 'conviction buy' stance on the stock and raised the target price to 735p, from 675p
Read moreLondon midday: FTSE 100 little changed as updates impress
17th May 2011 12:13
The leading share index is flat now after winning back some early losses, with company updates helping to send stocks higher. India-focused energy firm Essar Energy leads the risers in the FTSE 100 after it reported a "solid operating performance" in the first quarter with total generation 10% high
Read moreRenishaw sees better than expected FY
17th May 2011 07:55
Precision tool maker Renishaw reported a 60% surge in third quarter revenue following a particularly strong March and expects full year profit to be ahead of expectations. Revenue for the third quarter rose to £75.6m, after revenue of £32.0m in March 2011. Overall revenue for the 9 months to 31
Read moreLondon afternoon: Stocks stabilise
15th Mar 2011 14:27
Leading shares remain deep in the red and the best that can be said is that the situation did not get materially worse over the lunch time session. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation leak and sparked panic selling on the
Read moreLondon midday: Slide continues in quake aftermath
15th Mar 2011 12:09
The blue chip index continues to be hurt by the crisis in Japan as sentiment remains battered by fears of a nuclear disaster. While off its lows for the day so far, the FTSE 100 still remains over 2% under at around 5,640, a level not seen this year. A third explosion at the Fukushima Daiichi nucle
Read moreFTSE 250 movers: Petropavlovsk shines on bullish forecast
27th Jan 2011 14:03
Gold miner Petropavlovsk is putting in a sparkling performance today after the Russia-focused gold miner it forecast production would rise 18% in 2011 even on a very conservative estimate. Its gains are surpassed by two companies that reported yesterday though. Heritage Oil wins back some losses f
Read moreTechMARK movers: BTG slips on IMS
27th Jan 2011 12:47
Shares in BTG have fallen following the release of its interim management statement for the period between 1 October 2010 and 27 January 2011. BTG says that its recurring revenues will grow by £5m following the Biocompatibles acquisition. This will take them to £98m-£102m in the year to March 2011
Read moreThursday tips round-up: Renishaw, RSA, Cookson
27th Jan 2011 06:31
Niche engineer Renishaw's halfway statement to January 26 yesterday was full of superlatives. First-half revenues were 26% higher than their previous high point and pre-tax profits were 132% higher. Numis Securities calculates £72.2m in profits this year against less than £30m last time, which puts
Read moreSector movers: Renishaw boosts electronics
26th Jan 2011 16:05
Precision engineer Renishaw is lifting the electronic and electrical equipment sector higher, after the group posted a sharp rise in half year pre-tax profit and upped its dividend following a surge in demand from Asia and metrology products. Pre-tax profit surged to £35.5m in the six months ended
Read moreFTSE 250 movers: Renishaw up. Heritage down
26th Jan 2011 15:42
Renishaw surged by almost a fifth on Wednesday after the precision engineer posted a sharp rise in half year pre-tax profit and upped its dividend following a surge in demand from Asia and metrology products. Pre-tax profit surged to £35.5m in the six months ended 31 December 2010 from £7.1m the sa
Read moreTechMARK movers: Renishaw turnaround
26th Jan 2011 12:31
A strong interim statement from instrumentation supplier Renishaw shows profit running at record levels. This represents a turnaround in trading conditions. Machine tools and encoder products are doing especially well. FinnCap has upgraded its profit forecast for the year to June 2011 from £55.9
Read moreRenishaw profit powers ahead
26th Jan 2011 07:54
Precision engineer Renishaw posted a sharp rise in half year pre-tax profit and upped its dividend following a surge in demand from Asia and metrology products. "The performance of our Metrology business exceeded our expectations in the first half year, with revenue of £120.4m, compared with £65.9m
Read moreTechMARK movers: Strong first quarter for Renishaw
14th Oct 2010 13:35
Instrumentation supplier Renishaw increased revenues by 85% in the first quarter and pre-tax profit jumped from £2m to £15.1m. Revenues rose from £32.5m to £60.1m in the three months to September 2010, although this was a weak period for the business. China has been the main engine of growth and t
Read moreRenishaw profit jump
14th Oct 2010 10:45
Instrumentation supplier Renishaw increased revenues by 85% in the first quarter and this translated into a jump in profit. Revenues rose from £32.5m to £60.1m in the three months to September 2010 and it even beat the record revenues in the three months to September 2008. China has been the main
Read more