London close: Stocks rise as dip buyers enter the fray
14th Nov 2024 15:50
(Sharecast News) - London markets ended Thursday in positive territory, with sentiment buoyed by robust corporate updates, as investors digested the latest producer price data out of the United States.
Read moreShore Capital upgrades Spirax to 'hold', considers stock "fair value"
14th Nov 2024 10:39
(Sharecast News) - Shares in Spirax were rising on Thursday after the company delivered a solid third-quarter update, with shares supported by a broker upgrade from Shore Capital which lifted the stock from 'sell' to 'hold'.
Read moreSpirax retains outlook but warns of FX impact on annual results
14th Nov 2024 07:14
(Sharecast News) - Fluid technology and thermal solutions group Spirax has left its full-year outlook unchanged after increasing organic sales across all three of its businesses in the third quarter, but warned of a slight impact on results from currency movements.
Read moreSpirax FY outlook unchanged, FX headwinds slightly stronger than expected
3rd Oct 2024 08:03
(Sharecast News) - Thermal energy and fluid technology solutions group Spirax said on Thursday that its full-year outlook remained unchanged but warned of modest impacts stemming from potentially stronger-than-expected FX headwinds.
Read moreLondon close: Stocks end turbulent week on positive note
9th Aug 2024 16:01
(Sharecast News) - London's stock markets ended the week on a high note, after stronger-than-expected US jobless claims data on Thursday alleviated concerns about the health of the American economy.
Read moreBerenberg slashes target price on Spirax Group
9th Aug 2024 09:46
(Sharecast News) - Analysts at Berenberg slashed their target price on engineering firm Spirax Group from 9,800.0p to 8,150.0p on Friday following the group's "slightly underwhelming" set of interim results.
Read moreLondon close: Stocks claw back losses but still finish lower
8th Aug 2024 14:57
(Sharecast News) - London markets ended Thursday on a weaker note despite recovering some earlier losses, as concerns over a potential US recession weighed on investor sentiment.
Read moreSpirax Group H1 results fall short of expectations
8th Aug 2024 08:42
(Sharecast News) - Industrial and commercial steam system products manufacturer Spirax Group fell short of market expectations with its first-half performance but said on Thursday that H2 would be stronger.
Read moreLondon close: Stocks green as US inflation comes in cooler
15th May 2024 15:00
(Sharecast News) - London markets ended on a positive note on Wednesday, with strong showings from the likes of Experian and Imperial Brands, as investors digested slower-than-expected consumer inflation figures out of the United States.
Read moreSpirax Group keeps sales guidance, but FX to weigh on profits
15th May 2024 07:09
(Sharecast News) - Engineering firm Spirax Group has maintained its guidance for organic sales growth this year despite ongoing weakness in the wider market, though foreign exchange headwinds will impact profits more than previously thought.
Read moreLondon close: Stocks mixed as US payrolls paint varied picture
8th Mar 2024 15:02
(Sharecast News) - London markets ended the trading session on a mixed note on Friday, as investors digested a faster-than-expected rise in non-farm payrolls in the US.
Read moreStifel downgrades Spirax-Sarco to 'sell'
8th Mar 2024 10:57
(Sharecast News) - Stifel downgraded Spirax-Sarco on Friday to 'sell' from 'hold' after the company's results.
Read moreBerenberg raises target price on Spirax-Sarco
8th Mar 2024 10:13
(Sharecast News) - Analysts at Berenberg raised their target price on manufacturer Spirax-Sarco Engineering from 8,800.0p to 9,800.0p on Friday after the group's full-year results came in line with expectations.
Read moreLondon close: Stocks finish firmer as US jobless claims rise
7th Mar 2024 15:29
(Sharecast News) - London markets closed with modest gains on Thursday, after higher-than-expected jobless claims figures from the US, and a flurry of corporate news in the UK.
Read moreSpirax shares jump as profit growth to return in 2024
7th Mar 2024 08:01
(Sharecast News) - Shares in Spirax Group surged on Thursday after the engineering firm lifted its dividend despite a dip in profits in 2023, held back by lower volumes in higher-margin work and restructuring and impairment costs.
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