Severfield-Rowen down as profits plummet
20th Mar 2012 11:23
Mounting debts and plunging profits have seen structural steel firm Severfield-Rowen drop sharply through Tuesday morning trading. The company's underlying profits before tax came in at £10.1m, slightly above the market forecast of £10m but 34% down on 2010. Revenues held steady at £267.8m, above
Read moreBarclays director keeps the faith
21st Dec 2011 16:29
Sir Michael Rake, the Senior Independent Director of Barclays, has upped his stake in the firm less than a week after the global bank was downgraded by Fitch Ratings. Rake, who is currently also Chairman of telecommunications firm BT Group and Chairman of Easyjet, bought up 5,914 ordinary shares a
Read moreSeverfield-Rowen on track to deliver
16th Nov 2011 13:41
Structural steel group Severfield-Rowen has said it remains on track to deliver a result for the full year that is in line with management's expectations. The company's overall trading performance and financial position for the year to date remain in line with management expectations and is support
Read moreWednesday tips round-up: Cairn Energy, Xaar...
23rd Mar 2011 06:54
Cairn Energy moved to a pre-tax profit of $577m (£352m) last year, against a small loss in 2009. Cairn also reported progress in Greenland, where it is conducting a widely watched exploration campaign. The group said the offshore-Greenland programme has "the potential for transformational growth".
Read moreFriday tips round-up: AstraZeneca, Mitchells & Butlers, Aquarius Platinum...
28th Jan 2011 06:58
AstraZeneca and the rest of the large pharmas share the same basic problem, that of old drugs coming off patent faster than they can be replaced. The response has generally been to shovel piles of cash towards investors to keep them happy while trying to work out what to do next. AstraZeneca upped
Read moreLondon close: Footsie fades late
27th Jan 2011 16:32
Footsie closed lower after an afternoon rally, following a downgrade of Japan's credit weighting by ratings agency Standard & Poors, fizzled out. Life insurers moved to the top of the pile led by Old Mutual, Prudential and Aviva. Mining stocks did well after the US Federal Reserve indicated yesterd
Read moreLondon afternoon: Stocks edge higher
27th Jan 2011 14:23
Footsie remains marginally in positive territory after trading sideways over the lunchtime session, with the downgrade of Japan's credit weighting by ratings agency Standard & Poors continuing to weigh on sentiment. Mining stocks are going well, however, after the US Federal Reserve indicated yeste
Read moreSeverfield-Rowen slumps on grim outlook
27th Jan 2011 11:05
Delays to a number of major City building projects, public sector spending cuts and higher prices mean structural steel supplier Severfield-Rowen's second half prospects this year are "very poor". "Overall UK demand for 2011 will be lower than expected as a result of slower than anticipated economi
Read moreSeverfield-Rowen FD buys
4th May 2010 16:45
Severfield-Rowen's recently appointed finance director has made his first investment in the structural steel firm. Alan Dunsmore joined Severfield-Rowen from Smiths Group in March. He has invested £22,400 in 10,000 shares. Severfield-Rowen says that its order book was worth £241m at the end of A
Read moreSmall caps: Amur Minerals, Caledon Resources, Douglasbay...
29th Apr 2010 12:03
Miner Amur Minerals shifted higher Thursday after confirming an "exciting" new drill target in Far East Russia - the Gorney target - previously indicated by geochemical sampling. "Results from two wild cat drill holes have defined the potential to expand upon mineral resources at its Kun-Manie nic
Read moreLondon afternoon: Full steam ahead for Carnival
23rd Mar 2010 14:15
London's leading shares consolidated gains over the lunch-time trading session after notching up solid gains in the morning. Cairn Energy remains the stand-out performer among blue-chips by some distance. The oil group raised its forecast for peak production from its Indian assets by over a third t
Read moreLondon midday: Cairn caps a good morning
23rd Mar 2010 11:57
Some of the steam has gone out of Footsie after a bright start, but it is still posting decent gains. Cairn Energy is the stand-out performer by some distance. The oil group raised its forecast for peak production from its Indian assets by over a third to 240,000 barrels per day, plus it also boost
Read moreLondon open: Footsie pushes on
23rd Mar 2010 08:48
Footsie has moved higher in early dealings after a good showing from US shares overnight. Cairn Energy is the star performer so far. The oil group raised its forecast for peak production from its Indian assets by over a third to 240,000 barrels per day. The group posted net losses for 2009 of $60.7
Read moreSteel market still tough, says Severfield Rowen
23rd Mar 2010 08:21
Profits held up well at Severfield-Rowen in the year to December 31 despite a sharp fall in revenues, but the structural steel supplier said the strong margin performance would not be sustainable in 2010. Underlying pre-tax profit slipped to £49.8m from £52.5m as revenues fell to £349.4m from £394
Read moreUltra boss sells
4th Dec 2009 16:26
Ultra Electronics chief executive Douglas Caster has generated £5.85m from the sale of just over two-fifths of his shareholding in the defence electronics supplier. He states in the announcement that the sale was for "family and tax planning reasons". Caster has also transferred his remaining 63
Read more