Spectris disappoints with half year figures
25th Jul 2014 13:32
Shares in Spectris moved sharply lower after the instrumentation and controls company reported lower than expected half-year results. With sales down 5% year-on-year from £566.2m to £539.8m, profits suffered a 10% drop from £75.0m to £67.3m, pushing earnings per share from 48.4p to 43.3p. On a s
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreLiberum picks prime targets as UK M&A plays catch up
9th Jul 2014 16:00
UK mergers and acquisitions activity is stubbornly subdued, but broker Liberum says this is not expected to persist and has polled its sector analysts to qualitatively identify the most likely targets. Global M&A hit a post crisis record at $945bn in the second quarter of the year, showing that co
Read moreSector movers: Domino Printing sinks electricals, Croda weighs on chemicals
24th Jun 2014 13:40
Heavy falls from Domino Printing and Croda International sank the electrical and chemical sectors on Tuesday, as results from both companies disappointed the market. Shares in Domino Printing, which develops inkjet, laser and thermal printing products, were down nearly 19% this afternoon after the
Read moreSpectris acquires Canadian firm Scientifique Claisse
18th Jun 2014 07:51
Instrumentation and controls company Spectris has acquired Canadian firm La Corportation Scientifique Claisse, which manufacturers and sells instruments that are used to prepare consistent and comparable samples for analysis across a range of sectors. Claisse, which is being bought for an unspecif
Read moreFriday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreSpectris buys General Electric science unit
4th Jun 2014 07:28
Instrumentation and controls group Spectris is to beef up its Materials Analysis operations through the purchase of MicroCal from General Electric. MicroCal, currently part of GE Healthcare Life Sciences, is involved in microcalorimetry instruments used in drug discovery and has new applications in
Read moreFriday broker round-up UPDATE
30th May 2014 09:14
ASOS: N+1 Singer reduces target price from 5300p to 4100p, while staying with its hold recommendation. Cairn Energy: JP Morgan cuts target price from 315p to 279p and maintains an overweight rating. Cobham: Canaccord Genuity increases target price from 285p to 320p and reiterates a hold recommenda
Read moreLondon midday: Stocks rangebound as investors turn cautious
28th May 2014 11:38
- Eurozone data comes in mixed, German unemployment weak - Markets cautious after recent highs - RBS, LSE lead financials high - GSK to be investigated by UK fraud body techMARK 2,788.03 +0.06% FTSE 100 6,849.21 +0.06% FTSE 250 15,890.88 +0.30% UK stocks were trading in a narrow range on Wednesday
Read moreLondon open: UK markets flat as Glaxo falls
28th May 2014 08:37
- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreSinclair IS Pharma CEO grows stake to 8.75m shares
1st May 2014 15:49
The Chief Executive Officer (CEO) of AIM-listed Sinclair IS Pharma this week added 285,844 to his stake, while fellow board member Stuart Swanson made the modest purchase of 12,774 shares. CEO Chris Spooner paid 30.88p, spending a total of £106,047. His shareholding in the pharmaceutical group now
Read moreFTSE 250 movers: Tate & Lyle rises on M&A speculation
25th Apr 2014 15:14
Tate & Lyle extended yesterday's gains on the back of renewed M&A speculation, which has seen a talk circulate in relation to US peer Bunge. Price comparison website Moneysupermarket.com recovered from losses seen earlier in the week, which came after it reported a flat start to the second quarter
Read moreFriday broker round-up UPDATE
25th Apr 2014 09:19
African Barrick Gold: Deutsche Bank lowers target price from 310p to 300p maintaining a buy recommendation. Anglo American: Deutsche Bank cuts target price from 1530p to 1510p and reiterates a hold recommendation. ASOS: Deutsche Bank upgrades to buy with a target price of 5800p. Astra Zeneca: Deu
Read moreSpectris revenues fall as FX provides a drag
25th Apr 2014 08:04
Spectris, the industrial instrumentation and controls company, said that currency movements pushed revenues lower in the first quarter, but like-for-like (LFL) sales were ahead of last year. Reported sales were down 1% in the first three months of 2014, with foreign exchange having a 6% negative im
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