Sector 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
Read moreThursday broker round-up
26th May 2016 15:53
(ShareCast News) - Great Portland States: Jefferies downgrades to underperform with a 650p target. Electrocomponents: RBC upgrates to sector perform with a 270p target. Marks & Spencer: Jefferies downgrades to underperform with a target price of 300p, Exane BNP Paribas downgrades to underperform wi
Read moreSpirax-Sarco reaches bottom of trading trough
10th May 2016 07:59
(ShareCast News) - Steam and peristaltic pumping technology company Spirax-Sarco Engineering reported on a tough year so far on Tuesday, saying growth remained at around zero globally with a continued small deterioration in OECD economies matched by a small improvement in developing economies. The F
Read moreMonday broker round-up
18th Apr 2016 14:31
(ShareCast News) - Thomas Cook: Berenberg upgrades to hold with a target price of 105p and Goldman Sachs reiterates sell with a 94p target. Rightmove: Investec upgrades to buy with a target price of 4400p. Spirax: RBC downgrades to sextor perform with a target price of 3700p. Polymetal: Deutsche B
Read moreSpirax-Sarco Engineering annual profit hit by currency headwinds
3rd Mar 2016 09:51
(ShareCast News) - Spirax-Sarco Engineering posted a drop in 2015 pre-tax profit and revenue on the back of slowing industrial production growth and currency headwinds. In the year to the end of December, statutory pre-tax profit fell 4% to £139.7m on revenue of £667.2m, down 2% from 2014 due to the
Read moreSpirax reiterates full year expectations but sales remain under pressure
17th Nov 2015 08:55
(ShareCast News) - Engineering group Spirax-Sarco reiterated expectations for the full year, despite saying were under pressure because of a continued slowdown in industrial production. The FTSE 250 group said the sluggish output conditions it registered in the first half of the year continued in th
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