Severfield-Rowen plans name change
22nd Apr 2014 10:33
Structural steel group Severfield-Rowen plans to change its name following a brand review. The group, which has been involved in projects such as the London 2012 Olympic stadium, Arsenal's Emirates stadium and various projects on the high speed rail line from London to the Channel Tunnel, said it w
Read moreComs Chief builds stake after 'significant' contract win
27th Nov 2013 15:59
David Breith, the Chief Executive Officer of Coms, on Tuesday acquired 1.53m shares, which the same day climbed after the group announced a "significant" contract win. Breith bought the shares at 4.48p each for a total of £68,544. The telecommunications and information technology specialist has s
Read moreSeverfield-Rowen hires former Kier exec as new boss
26th Sep 2013 09:17
Steel group Severfield-Rowen said it had appointed former Kier board member Ian Lawson as its new Chief Executive Officer. Lawson will take the reins at the start of November and current Executive Chairman John Dodds will resume the role of Non-Executive Chairman. Lawson has 35 years of experience
Read moreSeverfield Rowen posts full year loss, slashes dividend
4th Jun 2013 12:20
Shares in structural steel company Severfield Rowen fell as it revealed a pre-tax loss for the 15 months to the end of March. The group posted an underlying loss before tax of £21.5m compared to a profit of £10.1m a year earlier following problems with one of its contracts. Revenue increased to £31
Read moreBelvoir Lettings Chairman sells shares to satisfy institutional demand
5th Apr 2013 16:55
Belvoir Lettings, the UK lettings specialist which listed on the AIM market in February last year, announced on Friday that its Executive Chairman and founder had sold a quarter of a million shares in the group in order to help satisfy 'significant institutional demand'. The news comes just a week
Read moreThursday broker round-up UPDATE
28th Feb 2013 07:19
AZ Electronic Materials: Goldman Sachs moves target price from 440p to 450p and retains a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 667p to 679p, while downgrading to hold. British American Tabacco: Investec places its target price (previously 3350p) and buy rec
Read moreShares dip after Severfield Rowen lowers its financial expectations
19th Feb 2013 09:57
Shares in structural steel company Severfield Rowen slid on Tuesday morning after the company disclosed a change to the profit and loss account of 20.1m pounds in the 12 months to December 31st. Unveiling the details of a scheduled board review of the company's finances, Severfield Rowen said it wa
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreSeverfield Rowen warns of 'significant challenges' in UK, CEO stands-down -UPDATE
23rd Jan 2013 08:17
Shares in structural steel group Severfield-Rowen plummeted on Wednesday after the company announced that its Chief Executive Officer had stepped down following cost over-runs on a key London contract which had adversely impacted its UK business performance. In a trading update, the company said th
Read moreSeverfield-Rowen's Chief Operating Officer and Director to retire
8th Jan 2013 13:38
Severfield-Rowen's Chief Operating Officer and Director, Peter Emerson, will retire from both roles on his 60th birthday, the structural steel company said Tuesday. Emerson will step down from the positions on June 5th this year, but will continue to work for the company on a part-time consultancy
Read moreSeverfield-Rowen being squeezed by the competition
21st Aug 2012 11:20
Steel firm Severfield-Rowen is struggling against weakening demand from the construction sector and pricing pressure as competitors fight for market share. Underlying profits before tax in the six months to the end of June were £1.5m, against £3.4m in the same period of 2011, despite revenues growi
Read moreTuesday broker round-up
21st Aug 2012 08:18
African Barrick Gold: Canaccord Genuity cuts target from 440p to 380p, hold rating kept. Amlin: Morgan Stanley keeps overweight and 414p target. Chemring: Citigroup downgrades to neutral, target lifted from 360p to 430p. CRH: Bernstein cuts target from 1,264p to 1,179p. Electrocomponents: Jeffer
Read moreGlencore boss strikes again, LSE boss sells
12th Jun 2012 15:16
Glencore International's Chief Executive Officer Ivan Glasenberg bought himself another chunk of shares in the mining titan, his third in the past week, it was announced on Tuesday. Since earning a whopping $110m in the latest dividend payout at the start of this month, the director has paid out j
Read moreTuesday tips round-up: Severfield-Rowen, Serco, Lancashire Holdings
12th Jun 2012 06:55
The Telegraph's Questor column stays steer clear of structural steel firm Severfield-Rowen. It issued a profits warning yesterday, prompting a big sell-off. This has an attraction for investors because buying on weakness often leads to profits. But Questor believes the construction industry is too w
Read moreSeverfield-Rowen plummets after profit warning
11th Jun 2012 10:13
Steel company Severfield-Rowen has issued a profit warning after being hit with cost overruns on two UK projects. The company says budgets have been exceeded by a total of £1.6m, while the wider business is likely to see higher revenues in the second half of the year. Profit before tax in the firs
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