Senior on track despite defence market woes
22nd Oct 2012 07:13
Aerospace technology manufacturer Senior said it was on track to hit 2012 profit expectations despite a deterioration in some markets. In the period since the start of July it said cash generation remained strong, with net debt at the end of September of £68m being £25m lower than at the start of t
Read moreSenior sells ventilation duct unit
16th Oct 2012 07:15
Senior, the FTSE 250 international manufacturing group, has disposed of its interest in Senior Hargreaves Limited, its heating and ventilation ducting supplier division. Hargreaves, which was part of Senior's Flexonics Division, has been sold to M+W Group; there was no sale price given in the comp
Read moreGoodwin MD ditches 5,000 shares as profits leap
30th Jul 2012 15:29
Richard Goodwin, the Managing Director of Goodwin, sold just over 5,000 shares in the company on Friday, the same day the engineering and steel castings firm reported strong growth in profits. The director traded in the shares at 1,330p a pop, earnings himself £67,404 and reducing his stake to 31,3
Read moreMonday broker round-up
30th Jul 2012 09:03
Anglo American: Jefferies cuts target from 2,950p to 2,200p, buy rating kept. Barclays: Nomura reiterates reduce rating and 210p target. Fidessa: Jefferies keeps hold recommendation and 1,510p target; Merchant Securities maintains buy rating; Investec puts target under review, sell rating kept. G
Read moreTuesday tips round-up: Kenmare Resources, Senior, African Barrick Gold
24th Jul 2012 06:58
Questor, the Telegraph's investment column, takes the brave step of recommending Kenmare Resources, despite it having falling an eye watering 29 per cent since the last buy recommendation in March. The company is a mineral sands producer, which are used to make things like paint. The whole mining
Read moreBroker tips: Weir, Senior, Morgan Crucible
23rd Jul 2012 11:33
Galvan Research and Trading has labelled engineering group Weir as a 'buy', saying that there is 'rebound potential' in the shares. "The underperformance from Weir Group's oil and gas division earlier in the year was taken literally by the markets as a signal to sell the stock, with the 25% profits
Read moreBroker snap: Senior's shares are cheap, says Investec
23rd Jul 2012 11:31
Investec has reiterated its 'buy' recommendation and 250p target price for aerospace engineer Senior on the back of a strong first half and inexpensive valuation. "Senior's interims are excellent and whilst the outlook statement is cautious, the long-term fundamentals of the group have never been s
Read moreMonday broker round-up
23rd Jul 2012 09:31
Abcam: Numis downgrades to add. Aberdeen Asset Management: Peel Hunt upgrades to buy. Barclays: Nomura keeps reduce rating and 210p target. Beazley: Nomura ups target from 147p to 165p, neutral rating kept. Hammerson: Jefferies maintains buy rating and 487p target. Home Retail: Numis upgrades t
Read moreSenior sees revenues surge 20 per cent
23rd Jul 2012 07:53
British aero engineer Senior is benefiting from the huge order backlog of the world's major plane makers, Boeing and Airbus. The company, which announced its half-year results on Monday, makes gas turbine engines and other components for aeroplanes, as well as land vehicle emission controls. Reven
Read moreFriday broker round-up
20th Jul 2012 10:17
Capita: UBS ups target from 725p to 740p, buy rating unchanged. Euromoney: Peel Hunt downgrades to hold. Gulf Keystone: HSBC upgrades to overweight. Halfords: UBS cuts target from 240p to 205p, neutral rating kept; HB Markets upgrades to buy. Hammerson: Bank of America Merrill Lynch downgrades t
Read moreFriday newspaper round-up: Falklands, Spain, Strike
27th Apr 2012 07:07
Argentina vowed to press criminal and civil charges on British oil companies exploring off the Falkland Islands if they do not "justify their actions" by a May 2 deadline. In its latest escalation of rhetoric over the disputed islands, Argentina said it had written to Falkland Oil & Gas (FOGL), Bord
Read moreLondon close: Whitbread leads the Footsie higher
26th Apr 2012 16:41
- Whitbread up 6pc, Astra down 6pc - Economic data from UK and US comes in mixed - Fed sees growth picking up gradually The Footsie rallied in afternoon trade to finish close to its intraday highs reached in the morning session. Investors had to digest a barrage of company results and trading updat
Read moreSenior gets year off to a good start
26th Apr 2012 08:56
Engineering firm Senior traded slightly ahead of its expectations in the first quarter, as overall trading conditions remained positive in its Aerospace and Flexonics divisions. "Senior has started the year strongly, slightly ahead of expectations, and the outlook for Senior's markets remains cons
Read moreARM directors chip off hefty chunk of their shares
15th Mar 2012 14:44
Two members of the Executive Committee of ARM, the FTSE 100 chip designer, sold off a total of 150,000 shares, received as part of the firm's long term incentive plan, earlier this week. Tom Lantzsch, Executive Vice President of Corporate Development, sold 50,000 shares at 575p each and another 50,
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
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