TechMARK 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 moreBroker tips: BSkyB, San Leon, Renishaw
10th Sep 2010 13:20
The average household in Britain spends as much on British Sky Broadcasting's services as it does on alcohol and tobacco, research from Nomura Securities indicates, underpinning the broker's view that the stock is worth buying. "As we approach the age of austerity, we show Sky accounts for 2% of th
Read moreBroker snap: Some scope for appreciation at Renishaw
10th Sep 2010 13:08
A meeting with the company's management team has prompted FinnCap to substantially increase its earnings forecast for Renishaw after the company's upbeat trading update on Thursday. Management indicated that it was comfortable with a £240m annual revenue run rate for the year and a gross margin of
Read moreFriday tips round-up: Premier Farnell, Redrow, Home Retail...
10th Sep 2010 06:47
There is potentially more to go for at Premier Farnell. In the US, web sales are about a third of the total, well behind the 46% seen across the group. There is also more scope for growth in China and in India, South Korea, Taiwan and Thailand, where it has just set up shop. About 300,000 new custom
Read moreLondon close: Banks behind fresh surge
9th Sep 2010 16:38
Investors were back in love with banks Thursday which, coupled with a big session for the miners, pushed the leading index to a new four-month high. The FTSE 100 finished not far off its best levels above 5,500. It was the first tim eit had traded above the big figure since May 4. British lenders
Read moreLondon afternoon: ARM gives Footsie a hand
9th Sep 2010 14:44
Mining stocks continue to drive the market's advance, despite metal prices falling back as concerns grow about the Chinese authorities' determination to cool off the economy, with the latest report from the People's Republic suggesting that the government is set to introduce measures to curb propert
Read moreSector movers: Renishaw gives electronics a boost
9th Sep 2010 14:40
Precision engineer Renishaw is boosting the electronic and electrical equipment sector after saying trading in the first two months of the new financial year has been very positive after particularly strong demand from Japan and the rest of Asia. Banks are going well after Yves Mersch, a member of
Read moreFTSE 250 movers: Industrial stocks motor ahead
9th Sep 2010 14:38
Electronic and industrial components supplier Premier Farnell is higher after it said underlying pre-tax profit more than doubled after strong sales, particularly in the US. Elsewhere in industrial stocks, precision engineer Renishaw is strong after saying trading in the first two months of the new
Read moreLondon midday: No change from BoE
9th Sep 2010 12:22
Footsie has fully recovered from a weak start and now boasts healthy gains driven by the banks and miners. As expected, the Bank of England kept interest rates on hold at 0.5% and the quantitative easing programme intact. The minutes, detailing who voted for a rate rise, will be more telling. Mine
Read moreRenishaw boosted by strong Asian demand
9th Sep 2010 08:30
Precision engineer Renishaw said trading in the first two months of the new financial year has been very positive after particularly strong demand from Japan and the rest of Asia. The group saw robust demand for its metrology products across all its main geographies. Sales in Japan and the rest o
Read moreThursday tips round-up: BP, BG, Sage
29th Jul 2010 06:08
BP unveiled a $32.2bn (£20.7bn) charge related to the oil spill on Tuesday. This is not a full and final figure for the costs involved in the catastrophe, but a rough assessment. The Telegraph feels that a hold rating on the shares is appropriate. If you want to put new money into the sector and gen
Read moreLondon close: Thumbs down for company updates
28th Jul 2010 16:36
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red. Centrica slipped even after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, ba
Read moreLondon afternoon: US durable goods blow for equities
28th Jul 2010 14:56
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude. Centrica is in retreat ev
Read moreTechMARK movers: CSR cautious about Q3
28th Jul 2010 14:15
Chip maker CSR tumbled after it warned foundry capacity is becoming increasingly constrained and the third quarter outlook is relatively weak. CSR said this when it was reporting second quarter figures slightly ahead of expectations. Revenues were 39% higher at $220.7m in the three months to June
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