Spirax 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.
Read moreJefferies ups ratings on Elementis, XP Power and Spirax-Sarco
31st Jan 2024 10:42
(Sharecast News) - Jefferies has adjusted its ratings on stocks across in a review of the UK-listed capital goods sector, which included upgrades of Elementis, XP Power and Spirax-Sarco Engineering.
Read moreSpirax-Sarco shares have further to fall, says RBC
1st Dec 2023 10:34
(Sharecast News) - RBC Capital Markets has slashed its target price for Spirax-Sarco Engineering from 9,000p to 8,000p and reiterated an 'underperform' rating on the stock, saying the valuation still isn't cheap despite its underperformance this year.
Read moreDirector dealings: Spirax-Sarco brass make share purchases
20th Nov 2023 15:18
(Sharecast News) - Spirax-Sarco Engineering revealed on Monday that chief financial officer Nimesh Patel had acquired 1,122 ordinary shares in the FTSE 100-listed steam management systems manufacturer.
Read moreSpirax-Sarco eyes return to growth in 2024
16th Nov 2023 09:02
(Sharecast News) - Engineering firm Spirax-Sarco lowered its full-year sales guidance on Thursday but said a return to growth was expected to take place in 2024.
Read moreLondon close: Stocks finish higher on dovish Fed rhetoric
10th Oct 2023 16:34
(Sharecast News) - London markets enjoyed a buoyant session on Tuesday, closing with substantial gains after dovish comments from US Federal Reserve officials overnight signalled a potential pause to interest rate hikes.
Read moreRecent sell-off in Spirax-Sarco shares "overdone", says JP Morgan
8th Sep 2023 07:48
(Sharecast News) - JP Morgan has lifted its target price for Spirax-Sarco, saying that the engineering group's recent share-price weakness has been unwarranted.
Read moreFTSE 100 movers: Miners drop as risk appetite wanes
11th Aug 2023 15:14
(Sharecast News) - There were just five stocks on the FTSE 100 making gains on Friday afternoon as investors chose a risk-off approach to trading ahead of the weekend, following some mixed economic data from the UK and US.
Read moreLondon open: Miners lead stocks lower despite positive UK GDP
11th Aug 2023 08:18
(Sharecast News) - UK stocks slipped lower on Friday, reversing gains made the previous session, as investors continue to digest a barrage of mixed economic data this week.
Read moreBroker tips: Antofagasta, Spirax-Sarco, Smith & Nephew
10th Aug 2023 12:01
(Sharecast News) - Canaccord Genuity has maintained its 'buy' recommendation on miner Antofagasta despite the firm cutting its output forecasts on Thursday.
Read moreLondon midday: Markets subdued ahead of US CPI data
10th Aug 2023 11:59
(Sharecast News) - Investors were keeping their powder dry on Thursday in London as stock markets chose to remain cautious ahead of a much-anticipated US inflation report later on.
Read moreSpirax-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 more