Senior first half hit by sharp fall in Flexonics unit
1st Aug 2016 08:25
(ShareCast News) - A tough six months in the US for Aerospace engineering firm Senior's Flexonics division saw half year pre-tax profits fall 28% to £32.6m. Group revenue increased by 3.7% to £450.5m, including a favourable exchange rate impact of £21.5m and a beneficial incremental impact from acqu
Read moreFTSE 250 movers: Dead cat bounce in Circassia
21st Jun 2016 16:59
(ShareCast News) - High-tech components manufacturer Senior led the fallers on the mid-cap index after it issued a pre-close trading update on Tuesday, in which it reiterated that margins in the aerospace division will be lower in the first half of 2016. The FTSE 250 firm said activity in aerospace
Read moreLondon close: Market fixated on looming referendum
21st Jun 2016 16:56
(ShareCast News) - Stocks ended higher for a second day, with banks and insurers clocking in with the biggest gains as traders waited for Thursday's referendum. The Footsie finished the day up by 0.73% or 45.24 points to 6,249.24. The pound on the other hand was knocked lower from its intra-day hig
Read moreFirst half margins down across the board at Senior
21st Jun 2016 07:28
(ShareCast News) - High-tech components manufacturer Senior issued a pre-close trading update on Tuesday, in which it reiterated that margins in the aerospace division will be lower in the first half of 2016. The FTSE 250 firm said activity in aerospace is anticipated to increase during the period i
Read moreRolls Royce may stand most to gain from weakness in pound, JP Morgan says
20th Jun 2016 10:38
(ShareCast News) - Rolls Royce might be the UK's aerospace&defence stock which stood the most to gain in the case of Brexit and the weakness in the pound which would ensue, according to analysts at JP Morgan. Unlike the rest of UK A&D stocks, the manufacturer had a large foreign exchange transaction
Read moreSector movers: Banks, engineering stocks lead drop
29th Apr 2016 18:46
(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators
Read moreCredit Suisse adds to overweight position on insurers
9th Mar 2016 12:14
(ShareCast News) - Credit Suisse on Wednesday reiterated its upbeat stance on the insurance sector, adding to its 'overweight' position and recommended investors on "sustainable" yield plays. However, the broker pointed out how the sector was "very sensitive" to credit spreads - which were pricing i
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
Read moreSenior 'strong' as it reports on tougher 2015
29th Feb 2016 08:05
(ShareCast News) - Senior described itself as 'strong' on Monday, reporting annual results for a 2015 calendar year impacted by tough trading in a number of areas. The FTSE 250 manufacturing and engineering firm saw revenue increase by 4% during the period, to £849,5m, though revenue growth was flat
Read moreSunday share tips: Persimmon, Vodafone, McBride, Telford Homes
3rd Jan 2016 14:47
(ShareCast News) - Now might be the right time to sell Persimmon shares, said the Sunday Times' Inside the City column, with a trading update due on Thursday. Investors in the house builder have seen the price triple in the last three years and received £800m in dividends. Persimmon was one of three
Read moreDefence stocks fired up by European security spending hopes
17th 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
Read moreSunday share tips: BHP Billiton, Card Factory, Santa Rally stock-picks
1st Nov 2015 14:18
(ShareCast News) - Sell shares in BHP Billiton, said the Sunday Times' Inside the City column. A recent $6.5bn fundraising was arranged as a 'hybrid' issue as the company seeks to protect its A+ rating. The mining giant said it will use the cash for working capital and to pay down debt, but some vie
Read moreResults Round-up
27th Jul 2015 15:46
(ShareCast News) - Upmarket drinks company Fever-Tree saw its half-year profits and revenues jump thanks to strong growth in its US and Europe businesses. Pre-tax profits rose to £6.59m from £1.13m during the first six months to 30 June 2015. The group's revenues jumped 62% to £24.1m driven by stro
Read moreSenior's interim revenue rises on favourable currency effects, profits flat
27th Jul 2015 09:40
(ShareCast News) - Manufacturing group Senior said strong currency headwinds hit its first half pre-tax profit, although revenue was boosted by favourable currency movements. The FTSE 250 company said its pre-tax profit for the first six months of the year edged 0.22% lower year-on-year to £45m, alt
Read moreLondon close: Mining stocks stage late rally on Chinese stimulus hopes
23rd Apr 2015 16:47
UK stocks finished higher after a choppy session on Thursday, with investors having to digest a raft of corporate earnings, mixed economic data and developments in Greece. After swinging between the red and the green for most of the day, London's FTSE 100 rallied in afternoon trade as blue-chip mine
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