FTSE 250 movers: Cookson up three percent after solid results
27th Feb 2012 14:42
Cookson, the FTSE 250 materials science firm, was a top riser after it reported a rise in revenue, margins and pre-tax profit in the year ended December 31st, despite increasing raw materials prices. Revenue rose 11% at reported rates (9% at constant currency rates) from £2,546m to £2,826m, which t
Read moreSenior reports rise in both revenue and profits
27th Feb 2012 09:23
Engineering firm Senior has reported a rise in both revenues and pre-tax profit for the year ended December 31st. The firm saw a 40% leap in profit before tax from £52.1m to £72.7m, on revenues which rose 13% from £566.9m to $640.7m. Martin Clark, Chairman of Senior, said: "Trading has been in li
Read moreSunday share tip round-up: Eros, Senior, India, Vodafone
8th Jan 2012 15:59
When publicity seekers like Lady Gaga say they want to be in a Bollywood film, you know that the Indian movie industry is now of global importance. There is plenty of opportunity for Bollywood film producer and distributor Eros International. The shares were first tipped in The Sunday Telegraph at t
Read moreTuesday broker round-up - UPDATE
29th Nov 2011 09:15
Senior: Credit Suisse keeps at neutral, raises target to 175p from 165p. Icap: Credit Suisse keeps at outperform, lowers target to 420p from 510p. G4S: HSBC upgrades to overweight from neutral. Rio Tinto: UBS cuts target from 6,000p to 5,650p, buy rating kept [28 November]. BP: Nomura keeps neut
Read moreTuesday tips round-up: Senior, Johnson Matthey, Cove
29th Nov 2011 07:31
The timing is auspicious for Senior's purchase of Airbus-parts supplier Weston, as the market for large commercial aircraft is just starting to take off, notes Tempus in The Times. The deal, at £54m, or the equivalent of one year's sales or eight times' annual earnings, might look an expensive one,
Read moreLondon close: Footsie rises above 5,300
28th Nov 2011 17:29
Footsie stormed above 5,200 in trading and kept on going, finishing north of 5,300 on hopes that tomorrow's meeting of Eurozone finance ministers in Brussels will be the occasion on which a number of new measured, aimed at getting to grips with the region's debt problems, will be announced. Banks w
Read moreLondon midday: Eurozone hopes boost banks
28th Nov 2011 12:18
Stocks markets across Europe are racing ahead and London is no exception, with the top-share index now back above the level it closed at on Monday night. Banks are prominent among the best performers, buoyed by suggestions that progress is being made on the souped-up version of the European Financ
Read moreLondon open: Sun comes out for Thomas Cook
28th Nov 2011 08:45
Banks are leading London higher, buoyed by reports that the Eurozone finance ministers are set to do them a favour when they meet in Brussels tomorrow. Reports say the finance chiefs are discussing the possibility that the European Financial Stability Facility (EFSF) could insure the bonds of debt
Read moreSenior buys Airbus parts supplier
28th Nov 2011 08:14
Engineer Senior is reducing its dependence on US aeroplane maker Boeing with the acquisition of Airbus-parts supplier Weston. Based in Colne, Lancashire, but with production facilities in Thailand, Weston counts Rolls-Royce, Spirit Aerosystems (Europe) and Contour Aerospace as its biggest customers
Read moreUPDATE: Friday broker round-up
7th Oct 2011 09:28
Premier Foods: Credit Suisse cuts target to 8p from 25p. Compass: Credit Suisse keeps at outperform. EnCore: Royal Bank of Scotland raises target to 70p from 46p. Mouchel: Royal Bank of Scotland lowers target price to 18p form 75p. Hays: UBS keeps at buy, lowers target to 100p from 105p. Smi
Read moreUPDATE: Senior agrees on new £60m bank loan
7th Oct 2011 07:47
Senior, the FTSE 250 manufacturing firm working in the aerospace, diesel-engine, exhaust system and energy markets, has agreed a new five-year £60m revolving credit facility maturing in October 2016. The agreement includes an additional uncommitted £20m accordion facility which allows it to expand
Read moreSenior buoyed by increased aerospace production
1st Aug 2011 08:36
Engineer Senior posted an 18% increase in half yearly pre-tax profit as increased production at its aerospace division continues. Pre-tax profit rose 18% to £35.6m in the half year to 30 June 2011. Revenue rose 10% to £315.6m during the period. Senior said it saw a strong performance from large c
Read moreLondon close: Big gains after Greek vote
29th Jun 2011 17:02
Stocks finished with hefty gains after the Greek parliament voted to pass austerity measures. The vote had been widely expected, but nevertheless prompted a large sigh of relief from investors. In stocks news, most excitement was in the FTSE 250, with Charter International now the top riser the en
Read moreLondon midday: More gains as Melrose approaches Charter
29th Jun 2011 12:14
Stocks are posting big gains as investors pin their hopes on the Greek parliament voting in favour of austerity measures later today. Most excitement is in the FTSE 250, with Charter International now the top riser the engineer Melrose said it had approached its rival about making a 780p offer yest
Read moreLondon open: Miners track metals prices higher
29th Jun 2011 08:44
The Footsie opened strongly on the back of decent gains from the miners, as metals prices headed higher. Antofagasta, Xstrata and Vedanta Resources were among the top risers early on. Tate & Lyle, the food ingredients giant, fell lower, extending losses from yesterday after RBS cut its rating on t
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