Senior ups first half guidance
29th Jun 2011 08:09
Shares in Senior jumped 8% on Wednesday morning after the group said it expects pre-tax profit for the six months ended 30 June to be ahead of previous expectations, driven by the recovery in the truck markets and increased production in its Aerospace Division. The group - which provides engineered
Read moreNorseman non-exec buys on weakness
5th May 2011 16:11
Gary Steinepreis, a non-executive director at Norseman Gold, has splashed out £165,000 building up his stake in the miner. He bought 1m shares at 16.5p a time through his company Ascent Capital and now has 5.03m shares, which is about 2.3% of the company. Shares in Norseman have slumped since the
Read moreThursday tips round-up: ARM, Senior, 600
28th Apr 2011 07:16
Arm Holdings super-smart chips drive almost every smartphone on the market and its reach is now expanding well beyond advanced mobile phones. The stock trades on a huge multiple, which KBC Peel Hunt estimates at 54 times its estimated earnings for 2011. The Independent has Arm as one of its stock p
Read moreSenior is cautious for land vehicle markets
27th Apr 2011 16:03
Senior, the international manufacturer of high technology components and systems, has reported a "strong" performance for the first quarter of 2011, with results ahead of the same period in 2010. The board believes that underlying drivers of growth in the business remain healthy, especially for th
Read moreWH Ireland bosses buy big
5th Apr 2011 16:19
Bosses at WH Ireland had the company they work for in their sights today as they splashed out thousands of pounds on shares in the stockbroker. Chief executive Paul Compton was the biggest spender, taking 670,448 shares at 50p a time. The purchase, which set him back £335,174, takes his holding to
Read moreFTSE 250 movers: Lamprell jumpes after strong 2010
28th Mar 2011 17:09
Oil and gas engineer Lamprell was the best performer of the day after revenues rose by 18.4% in 2010, with the strength of the oil price contributing to unprecedented levels of enquiries. Military decoy flares and mine detection firm Chemring wasn't far behind after it said it remains confident for
Read moreSenior buys aero engineer
28th Mar 2011 08:14
Engineer Senior has been hitting the acquisition trail in the USA, buying a Boeing aircraft engineer specialist. The company is paying around $24.5m for the Damar Machine Company, a privately held business based in Washington DC, that is principally a manufacturer and integrator of precision machi
Read moreTuesday tips round-up: HSBC, Senior, Bloomsbury...
1st Mar 2011 06:43
HSBC looks like a good hold with a high dividend yield of 3.9% and a forecast price earnings multiple for 2011 of 11.2. It is true that Asia offers fantastic earnings opportunities, but there are cheaper ways to gain that exposure and with European recovery priced so cheaply at the moment - Lloyds
Read moreLondon close: FTSE 100 rally falls short
28th Feb 2011 16:51
The top share index failed to sustain a rally that came on the back of strength in the US and closed a few points lower. A slight easing in the oil price lightened the mood. Crude had edged up in the morning session amid continuing turmoil in Libya and the spread of protests to the Gulf state of Om
Read moreLondon afternoon: Footsie waxes as oil price wanes
28th Feb 2011 14:29
Shares staged a recovery over lunch, boosted by indications of a firmer start on Wall Street and a weakening of the oil price. Oil prices had edged up in the morning session amid continuing turmoil in Libya and the spread of protests to the Gulf state of Oman. Brent crude for April delivery was abo
Read moreFTSE 250 movers: Hiscox among the high risers
28th Feb 2011 14:13
Shareholders at Bermuda-based specialist insurer Hiscox are pleased after the group increased its annual dividend by 10%. Gross written premiums were little changed at £1,433m in 2010 from £1,435m in 2009, while profit before tax fell to £211.4m from £320.6m the year before. Recruitment firm Hays i
Read moreLondon midday: Shares stuck lower
28th Feb 2011 12:05
Shares remain under pressure as the turmoil continues in the Arab world. Company updates have also been given a slightly frosty reception. Oil prices have edged up again amid continuing turmoil in Libya and the spread of protests to the Gulf state of Oman. Brent crude for April delivery was above $
Read moreLondon open: Oil worries hit blue chips
28th Feb 2011 09:02
London has opened lower on fears of unrest contagion in the Middle East and the possible impact that will have on global oil supplies. A cautious trading update from AB Foods and poorly received results from HSBC have added to the poor start. HSBC doubled its profits to over $19bn last year as bad
Read moreSenior has record year
28th Feb 2011 08:24
Senior upped sales to the military and defence, land vehicle and semi-conductor markets in 2010, pushing profits at the engineer to record levels. Adjusted profit before tax and one-offs grew by 36% to £65.3m in the 12 months to 31 December on revenue up 5% to £566.9m. Profit before tax increased 5
Read moreLondon close: Footsie stumbles as recovery falters
15th Dec 2010 16:42
Footsie closed lower after a recovery following a decent performance on Wall Street fell just short. Shares were under the weather earlier on, with the eurozone debt situation helping to darken the mood, but later moved back towards the blue as strong economic data in the US buoyed sentiment. Fig
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