Spirax-Sarco shares "fully valued" after H1 miss, says Shore Capital
10th Aug 2023 11:04
(Sharecast News) - Shore Capital has reiterated its 'hold' stance on shares of Spirax-Sarco after the company disappointed the market with its first-half results, saying the stock is "full valued" for now.
Read moreLondon open: Tentative start for FTSE 100 as markets eye US data
10th Aug 2023 08:25
(Sharecast News) - The FTSE 100 edged higher in morning trade on Thursday, rising for the second straight session, though gains were limited as investors showed caution ahead of some all-important inflation figures from the US.
Read moreSpirax-Sarco finishes first half about as expected
10th Aug 2023 07:10
(Sharecast News) - Spirax-Sarco Engineering presented a first-half performance broadly in line with expectations on Thursday, showing a mixture of gains and challenges across its sectors.
Read moreLondon pre-open: Futures edge higher as market awaits US inflation data
10th Aug 2023 07:04
(Sharecast News) - UK stocks were set to tick slightly higher on Thursday morning, though gains would likely be muted as the market awaits key inflation data from the US later on.
Read moreSpirax-Sarco CEO to step down, CFO to step into role
8th Aug 2023 07:05
(Sharecast News) - Thermal energy and fluid technology specialist Spirax-Sarco Engineering announced a forthcoming change in leadership on Tuesday.
Read moreUBS upgrades Spirax-Sarco Engineering, cites attractive entry point
14th Jul 2023 10:22
(Sharecast News) - UBS upgraded Spirax-Sarco Engineering on Friday to 'buy' from 'neutral' and lifted the price target to 12,400p from 11,560p, citing an attractive entry point.
Read moreBroker tips: Spirax-Sarco Engineering, Morgan Advanced Materials
14th Jul 2023 07:42
(Sharecast News) - UBS upgraded Spirax-Sarco Engineering on Friday to 'buy' from 'neutral' and lifted the price target to 12,400p from 11,560p, citing an attractive entry point.
Read moreSpirax-Sarco to invest £3m for 15% stake in Kyoto Group
22nd Jun 2023 07:49
(Sharecast News) - Spirax-Sarco Engineering said on Thursday that it will invest £3m in return for a 15% interest in Norwegian thermal battery company Kyoto Group.
Read moreSpirax-Sarco describes modest growth amid challenging market
10th May 2023 07:33
(Sharecast News) - Spirax-Sarco Engineering maintained its full-year guidance in an update on Wednesday, as it continued to trade in line with expectations.
Read moreDirector dealings: Spirax Sarco CFO makes share sale
15th Mar 2023 14:43
(Sharecast News) - Spirax-Sarco Engineering revealed on Wednesday that chief financial officer Nimesh Patel had offloaded 1,812 ordinary shares in the FTSE 100-listed manufacturer.
Read moreSpirax-Sarco FY revenues driven by volume growth, price hikes
9th Mar 2023 08:11
(Sharecast News) - Spirax-Sarco Engineering reported a rise in full-year profit on Thursday, with higher revenues driven by volume growth and price increases to protect margins.
Read moreSpirax-Sarco to acquire US-based Durex International
28th Sep 2022 07:10
(Sharecast News) - Manufacturing firm Spirax-Sarco Engineering has agreed to acquire US custom electric thermal solutions specialist Durex International in a deal valued at $342.2m.
Read moreSpirax-Sarco hails 'strong' first half despite headwinds
11th Aug 2022 07:11
(Sharecast News) - Spirax-Sarco Engineering hailed a "strong" first half on Thursday despite headwinds, as it reported a jump in profits and said order books remain at record levels.
Read moreSpirax-Sarco signs binding £223m deal to buy Vulcanic Group
25th Jul 2022 08:22
(Sharecast News) - Thermal energy and pumping specialist Spirax-Sarco Engineering has signed a binding definitive agreement to acquire the Vulcanic Group from French private equity company Qualium, it announced on Monday.
Read moreSpirax-Sarco in exclusive talks to buy Vulcanic
4th Jul 2022 07:25
(Sharecast News) - Thermal energy management specialist Spirax-Sarco Engineering has entered into exclusive negotiations to buy Vulcanic from French private equity group Qualium for €261.7m (£225.5m) on a cash and debt-free basis.
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