London pre-open: Stocks set to drift back
5th Jul 2011 07:36
London's blue-chips are set to open modestly lower, with the Footsie predicted to open around 10 points lower, which would, at least, mean it remains above the 6,000 level, having closed at 6,108 last night. Tullow Oil enjoyed record revenues in the first half of the year while achieving a 79% expl
Read moreShanks boss steps down
5th Jul 2011 07:08
Tom Drury, the chief executive of waste management company Shanks is leaving the company to work closer to his home in Cheshire, the company has said. He will join Arrow Global, a Manchester-based debt purchase group. "This is a lifestyle decision that allows me to spend more time with my family i
Read moreFriday tips round-up: Qinetiq, Amerisur Resources, Shanks...
27th May 2011 06:35
Qinetiq posted better-than-expected full-year figures, with underlying operating profits climbing by 21% to £145.4m, against analyst hopes of around £140m. But that wasn't all. Qinetiq said it had slashed its debt burden to a manageable £261m from £457m. And it also cheered income investors by annou
Read moreLondon close: FTSE 100 edges higher again
26th May 2011 16:51
The FTSE 100's hesitant performance since Monday's dive has continued, with the top share index closing just a few points higher. Among the risers was Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory pr
Read moreFTSE 250 movers: DMGT declines as ad revenues fall
26th May 2011 15:01
Daily Mail publisher DMGT is the worst performer on the FTSE 250 despite posting a sharp rise in profits in the half year to 3 April. The group said advertising revenues at its newspaper operations since that date were down on the same period last year. While Panmure Gordon has kept its 'buy' rati
Read moreBroker tips: Shanks, Enterprise Inns, KCOM
26th May 2011 12:32
Peel Hunts says that 2010/11 results from Shanks were 7% ahead of expectations after the waste management firm made "substantial" progress over the past 12 months, in regards to "expansion, contract wins, cash generation, cost reduction and financial stabilisation." Pre-tax profit for the year ende
Read moreLondon midday: Stocks clinging on despite mixed updates
26th May 2011 12:15
Stocks are holding onto their modest early morning gains, after a mixed reception for company updates. Among the risers is Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory profit before tax tumbled to $
Read moreBroker snap: Shanks makes 'substantial' progress
26th May 2011 11:57
Peel Hunts says that 2010/11 results from Shanks were 7% ahead of expectations after the waste management firm made "substantial" progress over the past 12 months, in regards to "expansion, contract wins, cash generation, cost reduction and financial stabilisation." Pre-tax profit for the year ende
Read moreTrading picks up at Shanks
26th May 2011 08:03
Waste management firm Shanks reported a stronger than expected 6% increase in underlying pre-tax profit for 2011 as demand for its services improved. Underlying profit before tax rose to £35.2m during the year ended 31 March 2011 from £33.2m the same time a year earlier. Revenue for the year rose t
Read moreShanks remains on course
28th Mar 2011 07:43
Waste management firm Shanks, preparing for tomorrow's analyst site visit, is trading in line with expectations flagged at its update at the beginning of last month. Its outlook also remains unchanged. On 4 February, the firm said underlying profit before tax for the current financial year should b
Read moreLondon close: Rally falls short as Libya casts shadow
22nd Feb 2011 17:00
Strong consumer confidence figures in the US sparked an impressive rally from the top share index this afternoon following earlier gloom over the Libyan turmoil and the higher oil price, but worries re-emerged and the FTSE 100 finished below 6,000. BHP Billiton is one of those that has limped into
Read moreFTSE 250 movers: Lamprell and Croda lead the risers
22nd Feb 2011 14:47
Engineering services provider Lamprell is a big mover today after announcing a new contract award from Singapore company Greatship Global Energy Services. Not far behind is speciality chemicals group Croda International which more than doubled its 2010 pre-tax profits. Also higher are oil prices a
Read moreLondon afternoon: Modest rally continues
22nd Feb 2011 14:12
Shares continued to pare the morning's losses over the lunch time trading session, and from a position at the mid-morning stage where only five FTSE 100 constituents were in positive territory, by 2pm that number had grown to around 20. BHP Billiton is one of those that has limped into the black. T
Read moreShanks to handle waste on Wakefield PFI project
22nd Feb 2011 07:04
Waste management firm Shanks is to team up with Babcock International to work on the Wakefield Waste Management private finance initiative (PFI) project, where Babcock is the preferred bidder. The agreement will see the two companies work together to bring the project to financial close later this
Read moreShanks scoops Wallonian waste contract
4th Feb 2011 06:58
Waste management specialist Shanks Group has been given preferred bidder status on a 'significant' municipal waste contract in Belgium. The contract, which is subject to final negotiations, is expected to have total revenue of around €500m over 20 years and is expected to commence late in 2011. "B
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