Three-fold profit rise at Renishaw
28th Jul 2010 08:38
Engineer Renishaw tripled full year profit after strong demand in the Far East as it starts the new financial year with a record order book of £23.3m. The precision tool maker said for the year to end June the group posted an adjusted pretax profit of £28.7m compared to £8.8m a year ago. Revenue in
Read moreRenishaw FY Pretax Profit GBP27.1M Vs GBP4.7M
28th Jul 2010 08:04
LONDON (Dow Jones)--Renishaw PLC (RSW.LN), a company engaged in the design, manufacture and sale of precision metrology and inspection equipment, said Wednesday that it made pretax profit of GBP27.1 million for the year ended June 30, compared with GBP4.7 million, and said it was confident of future
Read moreMARKET TALK: UBS Raises IMI Price Target
21st Jul 2010 10:37
0937 GMT [Dow Jones] UBS raises IMI (IMI.LN) price target to 800p from 720p, saying it expects 2Q trading to have been strong. Raises '10 EPS estimate to 63p from 60.9p and '11 EPS estimate to 70.8p from 67.4p. "We think investor focus on returns...and free cashflow generation (yield 8%) provides fu
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 10:37
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0937 GMT [Dow Jones] UBS raises IMI (IMI.LN) price target to 800p from 720p, saying it expects 2Q trading to have been str
Read moreMellon adds to Speymill Deutsche stake
22nd Jun 2010 17:03
Speymill Deutsche Immobilien Property Company non-executive director Jim Mellon has been buying shares in the AIM-quoted property investment company just after it has agreed to take over the management of its own property portfolio. Mellon bought 5m shares at €0.05772 a share and 2m shares at €0.06
Read moreTechMARK movers: BATM slumps on poor telecom sales
18th May 2010 14:59
BATM's share price has been hammered following its trading statement and the telecoms equipment company has lost more than one-third of its value in one day. Revenues and profits in 2010 will be significantly below estimates after a poor first four months for the telecoms division. The medical d
Read moreLondon close: Footsie dives as Europe worries grow
14th May 2010 16:51
Footsie slumped in line with markets in Europe and globally on concerns that measures to tackle the European debt crisis could spark widespread civil unrest and send the eurozone into a prolonged recession. Consumer spending is likely to come under pressure as European governments - including the U
Read moreLondon afternoon: New recession fears hammer markets
14th May 2010 15:50
Shares across Europe have have tanked on concerns that measures to tackle the European debt crisis could spark widespread civil unrest and send the eurozone into a prolonged recession. Consumer spending is likely to come under pressure as European governments - including the UK's - seek to address
Read moreFTSE 250 movers: Renishaw has tools for profit growth
14th May 2010 13:12
Renishaw is bucking the general downward trend. Improving activity levels and order book has put the precision tool maker on course to top last year's annual revenue figure and for profits to be "significantly" higher than expectations. Computacenter is another good gainer. The IT services provider
Read moreLondon midday: Footsie under pressure amid debt worries
14th May 2010 10:40
Shares are firmly in the red amid concerns that the European debt crisis has not been staved off and could hit company earnings. Consumer spending is likely to come under pressure as European governments - including the UK's - seek to address their difficult debt positions following the economic cr
Read moreLondon open: Poor start for Footsie
14th May 2010 08:44
London's top stocks have turned down after the late gains yesterday with banks again under pressure on concerns over the plans of the new government to curb their activities. Reports that the EU is to push through controversial new hedge fund regulations next week have also cast a cloud over the fi
Read moreLondon pre-open: Footsie set for retreat
14th May 2010 07:33
London's top stocks are expected to retreat after gains in the previous session, with traders forecasting a 20 point drop for Footsie. Building supplies group Wolseley more than doubled trading profit during the third quarter and predicts full-year profit will beat forecasts of £374m. Operating pro
Read moreRenishaw to smash profit forecasts
14th May 2010 07:25
Improving activity levels and order book at Renishaw has put the precision tool maker on course to top last year's annual revenue figure and for profits to be "significantly" higher than expectations. Chiefs said the positive trend in order intake reported at January's interim results continued dur
Read moreEnQuest non-exec makes second purchase
23rd Apr 2010 16:24
North Sea oil and gas explorer and producer EnQuest is one of the best performers in the FTSE 250 index on the back of buying by non-executive director Alexandre Schneiter. EnQuest was demerged from oil services provider Petrofac on 6 April. Petrofac stayed in the FTSE 100 index but EnQuest fell o
Read moreTechMARK movers: KCOM continues rise
1st Feb 2010 15:13
Shares in telecoms services provider KCOM Group continue to rise following last Friday's contract win and trading statement. Hull-based KCOM has signed a five year contract with Phones4U to consolidate all the mobile phone retailer's telecoms services into a single source. Profit before tax and e
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