10th Jun 2016 14:11
(ShareCast News) - Harwood Capital, acting as investment manager on behalf of North Atlantic Smaller Companies Investment Trust PLC, picked up another large batch of shares in EKF Diagnostics. Christoper Mills, who was named to the post of non-executive chairman at the global point-of-care medical d
Read more23rd May 2016 12:08
(ShareCast News) - HSBC upgraded Weir to 'buy' from 'hold' and lifted the price target to 1,450p from 1,150p as it took a look at UK engineers. The bank lifted its 2017-2018 earnings per share estimates for the stock by 7% to 14% mainly on higher top-line/margin expectations in the oil & gas divisio
Read more1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read more26th Apr 2016 13:09
(ShareCast News) - Premier Foods: Jefferies upgrades to buy with a 60p target. Aberdeen Asset Management: Citigroup downgrades to sell with a 265p target. Smiths Group: Jefferies keeps at buy with a target price of 1100p and Credit Suisse reiterates outperform with a target of 1275p. Close Brother
Read more21st Apr 2016 08:03
(ShareCast News) - Smiths Group announced a significant expansion on Thursday, agreeing to acquire California-based Morpho Detection for an enterprise value of $710m (£493m). The FTSE 250 firm said the closing of the acquisition was still subject to customary conditions, including regulatory approva
Read more6th Apr 2016 13:41
(ShareCast News) - Cuts to capital expenditure budgets in the Oil&Gas space had only just begun and were beginning to filter through from the 'Upstream' segment into Mid and Downstream activities, Morgan Stanley said. There had been about $90bn of recent deferrals announced, the broker pointed out.
Read more18th Mar 2016 12:27
(ShareCast News) - Oil producer EnQuest's shares rose on Friday as Canaccord Genuity said the company is "one of the most attractive plays in the sector". EnQuest on Thursday reported a drop in full year earnings before interest, tax, depreciation and amortisation (EBITDA) to $465m from $581m in 201
Read more18th Mar 2016 09:55
(ShareCast News) - Smiths Group got a boost after RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' and lifted the price target to 1,225p from 1,050p saying it expects the recent outperformance to continue. The Canadian bank forecasts 9% growth in earnings per share in ful
Read more16th Mar 2016 07:33
(ShareCast News) - London stocks are set to open a little higher on Wednesday as the focus shifts to Chancellor George Osborne's Budget and the rate decision from the Federal Reserve. The FTSE 100 is seen starting 22 points firmer than Tuesday's close at 6,162. The Budget statement is at 1230 GM
Read more16th Mar 2016 07:07
(ShareCast News) - First-half sales were lower at Smiths Group but improved in the second quarter as its medical and detection arms mostly offset the weakness engineering arm John Crane endured in oil and gas markets. The FTSE 100 company's pre-tax profits declined 9% to £189m on revenue 3% lower at
Read more1st Mar 2016 10:50
(ShareCast News) - Engineering firm Smiths Group has reached an agreement on a new pensions funding deal that will lower deficits and boost free cash flow. Smiths said it has finalised the triennial valuation of its pension scheme, with the total annual contribution to TI Group Pension Scheme now fa
Read more14th Jan 2016 08:21
(ShareCast News) - Duncan Gillis, president of engineered products and services company John Crane, is leaving the role. Its parent company, FTSE 100 listed Smiths Group, announced the management change on Thursday. Chief executive Andy Reynolds Smith thanked Gillis for his contribution to the grou
Read more11th Dec 2015 15:38
(ShareCast News) - Smiths Group on Friday was given a ratings upgrade by RBC Capital Markets to 'sector perform' from 'underperform' ahead of the engineer's strategy statement. RBC also raised its target price to 1,050p from 900p, saying that shares in Smiths are "less obviously expensive than they
Read more11th Dec 2015 12:46
(ShareCast News) - Smiths Group on Friday was given a ratings upgrade by RBC Capital Markets to 'sector perform' from 'underperform' ahead of the engineer's strategy statement. RBC also raised its target price to 1,050p from 900p, saying that shares in Smiths are "less obviously expensive than they
Read more17th Nov 2015 13:35
(ShareCast News) - Increased expectations of a security spending blitz in Europe as a result of the Paris attacks has driven up the shares of companies with a defence focus such as BAE Systems and Rolls-Royce. On Tuesday, France's pledge to breach deficit reduction rules by boosting security spendin
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