Spirax-Sarco delivers in-line 2013 results
6th Mar 2014 08:52
Spirax-Sarco Engineering posted an in-line set of results on Thursday, with revenue up four per cent and adjusted profit up 12 per cent, driven by the improvement in Europe, the Middle East and Africa (EMEA). It was a record year on both counts, with adjusted pre-tax profit rising to £151.1m (2012
Read moreFriday broker round-up UPDATE
21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreFTSE 250 movers: Centamin rockets on Q4 results
6th Jan 2014 15:29
Shares in Egypt-focused gold miner Centamin leapt today after its fourth-quarter production results smashed expectations. Total gold production from its flagship Sukari project in the fourth quarter reached 91,546 ounces (oz), 8% higher than the third quarter and up 7% on the same quarter of 2012.
Read moreSpirax-Sarco acquires Bio Pure Technology
6th Jan 2014 12:44
Spirax-Sarco Engineering, the FTSE 250 manufacturer of boiler and pipeline control valves, has acquired Bio Pure Technology, a firm which specialises in the design and production of advanced single-use tubing connector systems for the biopharmaceutical industry. The £8.5m purchase is expected to
Read moreSpirax-Sarco Engineering's COO ups stake
18th Nov 2013 16:11
Spirax-Sarco Engineering announced Monday that its Chief Operating Officer, Nicholas Anderson, acquired 1,550 shares in the group at the end of last week. The shares were bought for 2,902p each for a total of spend of £44,981. Anderson, who took up the role in August, now owns a total of 3,160 S
Read moreFriday broker round-up UPDATE
15th Nov 2013 07:38
Amlin: Berenberg raises target price from 398p to 434p, but still recommends selling. Barclays cuts target price from 481p to 453p and retains an overweight rating. Antofagasta: Numis raises target price from 750p to 850p and reiterates a hold recommendation. AstraZeneca: Liberum Capital upgrades
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreSpirax-Sarco sees "good progress" in 2013 despite sluggish markets
7th Nov 2013 11:19
Spirax-Sarco Engineering said it was confident it would make "good progress" in 2013 despite challenging conditions in its mature markets of Europe and North America. The British engineering company, which makes pumps that are used by a range of industries including bakeries and dairies, reported o
Read moreThursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreTuesday broker round-up UPDATE
24th Sep 2013 08:31
African Barrick Gold: Liberum Capital upgrades to hold with a target price of 147p. Amec: UBS reduces target price from 1200p to 1145p downgrading from buy to neutral. Compass Group: Investec ups target price from 900p to 925p and keeps a buy recommendation. CVS Group: Investec takes target price
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreThursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreSpirax-Sarco Engineering acquires steam business of PT Petrolog
30th Aug 2013 10:40
Spirax-Sarco Engineering has acquired the steam speciality business and assets of PT Petrolog MUM, based in Jakarta, Indonesia. Petrolog is Spirax-Sarco's main distributor in the Java region of Indonesia and has helped to grow sales in the emerging market for the past 23 years. "Indonesia is an
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