Severfield-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 moreSmall caps round-up: Havelock Europa, Kryso, Max Petroleum...
17th Nov 2009 09:51
Shopfitter Havelock Europa has warned full-year results will likely miss forecasts following a 31% slump in order intake to £81m in the first ten months of 2009. "Whilst there is some encouragement from recent enquiry levels, revenue booked to date is running below forecast and it is unlikely that
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