Spirax-Sarco profits rise amid strong organic growth, acquisitions
7th Mar 2019 07:19
(Sharecast News) - Spirax-Sarco Engineering posted a jump in 2018 profit and revenue on Thursday thanks to strong organic growth and contributions from acquisitions.
Read moreSpirax in talks to buy Thermocoax for €158m
18th Feb 2019 07:34
(Sharecast News) - Spirax-Sarco Engineering said it was in talks to buy Thermocoax Developpement from Chequers Capital, TCR Capital and other minority shareholders for a €158m (£139m) on a cash-free and debt-free basis.
Read moreSpirax sells HygroMatik unit to Italy's Carel for €59m
3rd Dec 2018 07:03
(Sharecast News) - Spirax-Sarco Engineering said it had sold its German HygroMatik unit to Italian firm Carel Industries for €59m (£52.3m).
Read moreFTSE 250 movers: Indivior dives as BTG soars on sale news
20th Nov 2018 14:51
(Sharecast News) - London's FTSE 250 was down 0.94% at 18,365.26 in afternoon trade on Tuesday, as Indivior plummeted following some courtroom drama.
Read moreRBC backs UK engineering, dismisses downturn concerns
20th Nov 2018 13:34
(Sharecast News) - Fears that the British engineering sector is facing a significant downturn have been overplayed, according to analysts at RBC Capital Markets, leaving a number of companies undervalued.
Read moreSector movers: Engineers pace gains
9th Aug 2018 17:12
(Sharecast News) - Cyclicals were pacing gains in the market on Thursday, with Industrial Engineering and Industrial Metals&Mining leading the advance.
Read moreThursday broker round-up
9th Aug 2018 13:02
(Sharecast News) - BBA Aviation: Liberum upgrades to buy with a target price of 370p.
Read moreSpirax-Sarco sees decent growth ahead of 'tougher' second half
8th Aug 2018 07:30
(Sharecast News) - Spirax-Sarco Engineering revenue jumped 28% to £547.6m, according to its half-year results on Wednesday, with organic growth for the six months ended 30 June put at 7%.
Read moreMerrill Lynch upgrades Spectris and Spirax, prefers Smiths Group
11th Jan 2017 11:40
(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators
Read moreSpirax-Sarco buys Aflex Hose for £61.4m
30th Nov 2016 08:02
(ShareCast News) - Spirax-Sarco Engineering has acquired Aflex Hose and its subsidiary Aflex Hose USA for £61.4m. The purchase consideration is on a debt and cash free basis and will be financed from Spirax's existing resources. It is expected to have a negligible impact on group earnings in the cur
Read moreSpirax organic growth slows; sees FY results in line with expectations
22nd Nov 2016 09:16
(ShareCast News) - Engineering group Spirax Sarco said organic sales growth in the first 10 months slowed "modestly" from that achieved in the first half of the year mainly due to the non-repeat of large projects in its steam specialties business. In a trading statement, the company said group opera
Read moreJPMorgan Cazenove lifts Bodycote to Neutral, hikes target price
22nd Aug 2016 15:56
(ShareCast News) - JPMorgan Cazenonve has upgraded Bodycote to Neutral, from Underweight, and hiked its target price on the stock. It remains Overweight on GKN, Oxford Instruments, Smiths and Spirax-Sarco, and Underweight on Fenner and Weir. The brokerage said first-half 2016 for UK Capital Goods s
Read moreMonday broker round-up
22nd Aug 2016 09:09
(ShareCast News) - William Hill: Barclays reiterates overweight with a target price of 340p. Anglo American: JP Morgan maintains overweight with a 1100p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Admiral Group: Berenberg reiterates underweight with a 1746p target. Eas
Read moreAmec Foster Wheeler leads gains among oil equipment and service stocks
9th Aug 2016 19:10
(ShareCast News) - Oil equipment and services stocks saw another day of gains, with shares in Amec Foster Wheeler spearheading the advance in the wake of its latest interim figures. Amec reported higher sales and lower earnings in the first half of the year which were better than the market expected
Read moreSpirax-Sarco takes over closed Brazilian firm Hiter
9th Aug 2016 07:54
(ShareCast News) - Steam and peristaltic pumping engineering company Spirax-Sarco Engineering announced on Tuesday that on 1 July it acquired the assets of the process control valve manufacturer, Hiter Indústria e Comércio de Controles Termo-Hidráulicos, based in Sorocaba, Brazil. The FTSE 250 firm
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