Scapa Group in talks to buy Tapex
21st Mar 2013 11:33
Scapa Group on Thursday confirmed reports it was looking to buy Tapex, a South Korean manufacturer of tapes for the electronics, consumer and industrial markets. The tapes and adhesives firm said it has entered into a consortium agreement with private equity investor SkyLake Incuvest for a possible
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreCOO of Afren sells 360,000 shares
27th Dec 2012 15:40
Shahid Ullah, the Chief Operating Officer of Afren, the FTSE 250 energy group, has reduced his stake in the company by 360,000 shares. Ullah, who joined the company in 2008, traded in the stock at 130p a time on Christmas Eve, earning himself £468,000 before tax. Earlier this month the group, wh
Read moreMonday broker round-up UPDATE
3rd Dec 2012 07:16
ARM Holdings: Exane BNP Paribas upgrades from neutral to buy. Ashtead Group: Bank of America starts with a target price of 460p and a buy recommendation. AstraZaneca: Berenberg raises target price from 3080p to 3100p; hold recommendation kept. Balfour Beatty: Investec reduces target price from 21
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreScapa trading in line with expectations
11th Oct 2012 07:57
Scapa, which supplies adhesive bonding for electronics and medical equipment, reports that current trading is in line with expectations against continued macroeconomic uncertainty. In a trading update for the six months ended September 30th 2012, it says: "Group revenue and operating profits are ah
Read moreWednesday tips round-up: Brewin Dolphin, Pennon, Scapa
30th May 2012 06:56
The investment manager Brewin Dolphin gets a big push from Questor in the Telegraph. It's fallen 13.5 per cent in the past year but the dividend yield is north of five per cent and funds under management are also growing (up 7.1 per cent at the last count). With a strategy review underway the stock
Read moreScapa sees big jump in profits
29th May 2012 10:32
Bonding materials firm Scapa announced a big jump in profits in the year to the end of March and said trading was in line with expectations so far in 2012. Profit before tax increased 72.1% to £10.5m and basic earnings per share increased 87.5% to 4.5p. The numbers were driven by strong performanc
Read moreScapa Group ups profit guidance
12th Apr 2012 13:17
Scapa Group, a manufacturer of bonding materials and solutions, has reported a good second half to the year ended March 31st, resulting in both operating profit and profit before tax being significantly ahead of both last year's results and market expectations. The operating margin has continued to
Read moreSSE director sells 1,000 shares
21st Feb 2012 16:04
Jim McPhillimy, the Managing Director of Group Services at energy firm SSE, has sold off 1,000 shares in the firm for 1,289.00p each. The sale comes three weeks after the company said it was on course to deliver an increase in the dividend per share and an increase in pre-tax profits for the financ
Read moreScapa expands medical division with $30m acquisition
22nd Dec 2011 07:51
Bonding materials firm Scapa has bought Tennessee-based WEBTEC Converting for $30m in cash. WEBTEC is a contract manufacturer and converter, printer and packager of adhesive-backed medical devices and provides companies in the woundcare, diagnostics and electronics markets. "Scapa is seeking to bu
Read moreScapa set to report strong half year
11th Oct 2011 10:44
Scapa's share price rose by more than 6.5% after the adhesive tape manufacturer reported operating profits were "significantly" ahead for the six months ended 30 September. Scapa also said that revenue was marginally ahead and that continued progress on margins has been maintained through self help
Read moreScapa profits flow
26th May 2011 12:54
Adhesive tape manufacturer Scapa returned to profit in the last year, reporting figures ahead of expectations. The firm posted pre-tax profits of £6.1m in the 12 months to the end of March, compared to a £5.2m loss the year before. Scapa, which supplies tapes for use in the medical, industrial, el
Read moreScapa's profits to beat expectations
13th Apr 2011 12:36
Adhesive tape manufacturer Scapa said that operating profits for the year ended 31 March are significantly ahead of the previous year and ahead of current market expectations. Shares rose by over a tenth on Wednesday. "Consistent with the momentum highlighted at the time of our interim announcemen
Read moreMulberry boss raises £5.5m from disposal
10th Dec 2010 16:22
Godfrey Davis, the chairman and chief executive of Mulberry, has raised £5.5m from the sale of shares. Davis sold 650,000 shares at 850p each. Shares in fashion products designer Mulberry have risen by more than 500% in the past 12 months. This week, broker finnCap has substantially increased it
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