Spectris reported sales up but LFL sales decline
20th May 2016 07:35
(ShareCast News) - Precision instruments maker Spectris reported a drop in like-for-like sales in a trading update for 1 January to 30 April, but reported sales grew thanks to acquisitions. Reported sales increased by 2% in the period, supported by acquisitions, while LFL sales dropped 4%. By regio
Read moreFriday preview: Spectris and Close Brothers update on quarterly trading
19th May 2016 12:36
(ShareCast News) - Precision instruments maker Spectris will update the market on its first quarter trading on Friday after reporting soft full year results earlier in the year. The company in February posted a 17% decline in 2015 pre-tax profit to £141.6m, blaming faltering industrial activity in N
Read moreSpectris completes acquisition of Switzerland-based company
23rd Feb 2016 09:27
(ShareCast News) - Spectris, which focuses on productivity-enhancing instruments and controls, has completed the acquisition of privately-owned CAS Clean Air Service for an undisclosed sum. CAS is a cleanroom-services company based in Switzerland, which generates annual revenue of around CHF10m (£7.
Read moreWednesday newspaper share tips: Anglo American, Spectris
17th Feb 2016 12:05
(ShareCast News) - Some of Anglo American's moves to right its financials smacked of panic, but there were deeper problems at the mining group, the Financial Times's Lex column said. Anglo American's boss, Mark Cutifani, announced an "unprecedented" $6bn asset disposal and cost savings programme to
Read moreBroker tips: Spectris, Anglo American, StanChart
16th Feb 2016 13:41
(ShareCast News) - Investec has placed its rating and price target on Spectris under review after the company reported its full year earnings. The electrical engineering group said statutory full year pre-tax profit fell 17% to £171.1m, although sales rose 3% to £1.19bn at constant exchange rates.
Read moreInvestec puts Spectris under review after full year earnings
16th Feb 2016 13:20
(ShareCast News) - Investec has placed its rating and price target on Spectris under review after the company reported its full year earnings. The electrical engineering group said statutory full year pre-tax profit fell 17% to £171.1m, although sales rose 3% to £1.19bn at constant exchange rates.
Read moreSpectris earnings down on mixed global markets
16th Feb 2016 07:41
(ShareCast News) - Mixed global conditions made 2015 a rocky ride for Spectris, with the company's full year results to 31 December - released on Tuesday - showing increased sales, but depressed earnings. The FTSE 250 firm, focused on productivity-enhancing instruments and controls, saw sales grow b
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreBroker tips: Soco International, M&S, UK industrials
8th Oct 2015 13:44
(ShareCast News) - Soco International was under pressure on Thursday after UBS downgraded the stock to 'sell' from 'neutral', keeping the price target at 150p. It said that with the stock having rallied strongly over recent days it is now trading at 1.24x commercial net asset value and on an implied
Read moreSpectris' first-half profit declines amid challenging trading environment
30th Jul 2015 12:04
(ShareCast News) - Instrumentation and controls developer Spectris expects full-year profits to be lower than expectations due to a challenging environment and cost reduction measures. The group's half-year pre-tax profits declined 16% to £49.2m, but revenues rose 4.3% to £563.2m driven by acquisiti
Read moreExane upgrades Meggitt and Spectris, downgrades Rotork
18th Jun 2015 11:16
Exane BNP Paribas took a look at the UK capital goods sector, updating its ratings on three stocks. It said that UK capital goods names are far more exposed to Oil &Gas than their European counterparts. "This exposure to what was once the sector's fastest growing end market explains why our names o
Read moreUBS downgrades engineers Morgan and Spectris on margin gloom, upgrades Melrose
3rd Jun 2015 09:25
Shares in engineers were moved markedly by a short but gloomy note on the sector from UBS on Wednesday that said "margins have peaked", with only Melrose Industries receiving an upgrade. The Swiss bank's ratings on Melrose was lifted to 'buy' from 'neutral', as it downgraded both well-loved Spectris
Read moreWednesday broker round-up
3rd Jun 2015 08:41
Tesco: JP Morgan retains underweight, lowers price target to 175p from 185p. Amec Foster Wheeler: JP Morgan maintains overweight and 905p target. Bellway: JP Morgan raises target to 2,575p from 1,150p and reiterates overweight. Barratt Developments: JP Morgan lifts target to 650p from 550p and ove
Read moreSpectris rated as 'sell' after Q1 miss
27th Apr 2015 11:02
Spectris was rated as a 'sell' by N+1 Singer Equity Research after reporting first quarter sales that missed forecasts. The company reported like-for-like sales growth of 1%, which was slightly below the broker's estimates. The instrumentation and controls company said sales to the pulp and paper in
Read moreSpectris acquisitions add spice to 'dull' first-quarter results
24th Apr 2015 09:22
Industrial instruments maker Spectris posted first quarter results showing unimpressive like-for-like sales growth of 1% but acquisitions adding a spicier 5%. With foreign exchange rates largely neutral, reported sales recorded a 6% rise in the period. Chief executive John O'Higgins was encouraged
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