FTSE 250 movers: Renishaw in top spot on good growth
15th May 2012 16:05
Precision tool maker Renishaw leapt into the top spot after saying that despite continuing global macroeconomic headwinds it has seen good growth over the year to date and has started to see signs of an upturn in the electronics market. Also wanted was Babcock, the engineering support services com
Read moreFX head-winds getting stronger at Spirax-Sarco
15th May 2012 08:37
Unfavourable exchange rate movements have seriously slowed the organic growth sales rate this year at Spirax-Sarco Engineering, the peristaltic pumps specialist. The group said the organic sales growth rate for the first four months of the year was 6%, but total sales were up just 3%, largely due t
Read moreXP Power director make double purchase
17th Apr 2012 15:59
David Hempleman-Adams, a non-executive director of power controller manufacturer XP Power, has purchased two lots of shares less than a week after the firm cautioned over its revenues. The first purchase saw Hempleman-Adams, who joined the firm in 2008, snap up his first round of shares in the fir
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 moreLondon open: Markets await news from Greece
8th Mar 2012 08:34
- Greek debt-swap participation rate estimated at 60 percent. - Markets await policy decisions from BoE, ECB. - ARM rises after iPad launch, Morrison jumps on strong 2011. London's blue chip index continued its strong performance ahead of policy decisions from the Bank of England (BoE) and the Euro
Read moreSpirax pumped up by 2012 prospects
8th Mar 2012 07:26
All segments of Spirax-Sarco Engineering were firing on all cylinders in 2011, as the peristaltic pumps specialist produced figures a shade ahead of market expectations. Revenue of £650.0m in 2011 was up 10% on 2010's £589.7m and ahead of market expectations of £639.6m. Organic sales growth was nea
Read moreWednesday tips round-up: G4S, Segro, Spirax-Sarco
24th Aug 2011 07:03
G4S, which notched up a resilient performance during the recession, is growing steadily in most of its markets, and that is likely to continue, according to the Investment Column at the Independent. Just look at the UK: the FTSE 100-listed business has lost its contract to transport prisoners to and
Read moreSpirax Sarco steaming ahead
23rd Aug 2011 08:10
Steam trap and pump maker company Spirax Sarco has reported mixed results in its half year report. While revenue was up 11% on a like-for-like basis from £277m to £307.7m, pre-tax profit took a small hit, down 1% to £60.8m from £61.3m last year. Adjusted profit before tax, which excludes certain e
Read moreWhitbread's Richard Baker tops up
22nd Jun 2011 16:48
Non-executive director Richard Baker has added to his holding in the Costa Coffee and Premier Inn hotels group Whitbread, splashing out more than £50,000 despite a mixed trading update from the company. He paid 1,573p a time for 3,186 shares and now has 8,152. It is his first purchase of shares sin
Read moreF&C chairman continues buying
18th Mar 2011 16:54
F&C Asset Management chairman Edward Bramson's interests have been consistently buying shares in the past week, while F&C chief executive Alain Grisay has made a significant disposal. Bramson was appointed chairman of F&C last month after a shareholder coup but his investment vehicle SIGA LP had
Read moreIncoming United Utilities boss splashes out
16th Mar 2011 16:28
United Utilities' incoming chief executive has spent £400,000 on shares in the water supplier. Steven Mogford, who will take the reins at United Utilities on 31 March, took 70,814 shares at 564.9p a time, his first purchase of shares in the company. Mogford's appointment was announced in November
Read moreWednesday tips round-up: Antofagasta, Weir, Inchcape...
9th Mar 2011 06:48
Copper miner Antofagasta already trades at "considerably higher multiples than those of Kazakhmys or indeed the major diversified miners", according to brokers. Given that, it is not a buy but the company's strengths and the confidence evidenced by the special dividend means this is not a sell say
Read moreLondon close: FTSE 100 rallies to flat finish
8th Mar 2011 16:53
The FTSE 100 rallied strongly to close flat after a volatile. Traders were unsure how to react to continuing violence in Libya and indications from Opec that the cartel will lift oil production. The oil price eased, but so did metals, which dealt a blow to the mining sector, particularly precious m
Read moreLondon afternoon: Miners drag down Footsie
8th Mar 2011 14:34
Mining stocks are weighing heavily on Footsie as the price of gold and copper moved lower today. Precious metal miners Randgold Resources and African Barrick are the big fallers in the sector, but even copper miner Antofagasta is under the cosh, despite announcing it is to pay a huge special divid
Read moreLondon midday: FTSE 100 still seeking direction
8th Mar 2011 12:03
Shares are still seeking direction, with the Libyan turmoil continuing to dominate the headlines. US light crude for April delivery fell $1.60 to $103.84 a barrel. Saudi Arabia and others are going to raise output to keep the global economic recovery on track. The easing in prices came after Kuwai
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