Merrill 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 moreSpectris' sales rise but low demand affects Europe, North America
22nd Nov 2016 08:51
(ShareCast News) - Spectris, a supplier of precision instrumentation and controls, reported like-for-like sales in the third quarter continued to be affected by headwinds in Europe and North America from weak demand and low oil prices. Sales increased by 18% in the four months to end October, with 4
Read moreSpectris gobbles up Millbrook Group
2nd Sep 2016 07:11
(ShareCast News) - Productivity-enhancing instrumentation and controls company Spectris announced on Friday that it has completed the acquisition of the entire share capital of Millbrook Group from Rutland Partners and Millbrook's management shareholders. The FTSE 250 firm confirmed the purchase con
Read moreSector movers: UK engineers drop on downgrades, utilities lower as well
16th Aug 2016 17:34
(ShareCast News) - Shares in British engineering groups Spectris and Halma dragged the Electronic & Electrical equipment sector lower after analysts at HSBC downgraded their stance on both in the wake-up of the recent run-up in their stock price. "The sector continued to re-rate through results seas
Read moreBroker tips: UK engineers, EnQuest, IG Group
16th Aug 2016 12:31
(ShareCast News) - Rotork, Spectris and Halma were under the cosh on Tuesday after HSBC downgraded its ratings on both stocks as it took a look at UK engineers. The bank cut Rotork to 'reduce' from 'hold' and trimmed the target price to 180p from 200p, pointing to poor visibility and margin pressure
Read moreTuesday broker round-up
16th Aug 2016 11:38
(ShareCast News) - Investec: UBS reiterates buy with a target price of 550p. Hastings: Berenberg maintains buy with a 234p target. Auto Trader: Goldman Sachs reiterates buy with a 445p target. Smiths Group: HSBC stays at hold with a 1300p target. Rightmove: Goldman Sachs keeps at neutral with a t
Read moreRotork, Spectris and Halma slump on HSBC downgrade
16th Aug 2016 09:54
(ShareCast News) - Rotork, Spectris and Halma were under the cosh on Tuesday after HSBC downgraded its ratings on both stocks as it took a look at UK engineers. The bank cut Rotork to 'reduce' from 'hold' and trimmed the target price to 180p from 200p, pointing to poor visibility and margin pressure
Read moreAcquisitions and weaker sterling help Spectris through first half
28th Jul 2016 12:21
(ShareCast News) - Productivity-enhancing instrumentation and controls company Spectris posted its half-year results for the six months to 30 June on Thursday, with reported sales growth of 3% to £581.4m. The FTSE 250 firm said acquisitions contributed 2% to that, with foreign currency exchange move
Read moreLondon midday: Financials pace gains as Footsie keeps climbing
20th Jun 2016 12:29
(ShareCast News) - Stocks in London were continuing to move higher come midday on Monday, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 12:03 BST, the FTSE 100 was 183.
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreLondon open: Stocks surge after latest poll results
20th Jun 2016 08:48
(ShareCast News) - Stocks in London surged at the start of trading, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 08:43 BST the FTSE 100 was 145.82 points or 2.42% high
Read moreSpectris completes Capstone Technology acquisition
20th Jun 2016 07:12
(ShareCast News) - FTSE 250 precision instruments maker Spectris has completed the acquisition of the software and associated assets of privately-held software solutions company Capstone Technology Corp for $22.5m. Capstone comprises two key software platforms: the MACS software suite providing engi
Read moreBroker tips: Johnson Matthey, BHP Billiton, Spectris
13th Jun 2016 16:24
(ShareCast News) - Johnson Matthey's rating was downgraded to 'hold' from 'add' but its target price was raised to 3,138p by Numis after the company reported its full year results. The speciality chemicals and sustainable technologies group last Thursday reported a 5% decrease in full year pre-tax p
Read moreShoreCap starts Spectris at buy
13th Jun 2016 13:55
(ShareCast News) - Spectris was navigating tough market conditions, like many of its peers, but management had also been restructuring the business to capture long-term secular growth in the markets which its serves, analysts at ShoreCap said, leading them to initiate the shares at a 'buy'. Furtherm
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
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