Prudential Chairman keeps the faith
3rd Apr 2013 16:05
Paul Manduca, the Chairman of Prudential, the FTSE 100 life insurance company, this week showed his faith in the company with the purchase of 20,000 shares following a hefty fine levied by the Financial Services Authority (FSA) at the end of March. Manduca, who became Chairman in July of last year
Read moreExperian Chairman reduces stake
2nd Apr 2013 16:24
Sir John Peace, the Chairman of FTSE 100 information services company Experian, has reduced his stake in the company by 200,000 shares. Peace, who is also the Chairman of Burberry Group and Standard Chartered, disposed of the shares at 1,145.89p each, earning himself in the region of £2.29m. The
Read moreSolid trading at Trifast
7th Feb 2013 08:38
Mechanical fasteners maker Trifast said overall, trading has been solid and encouraging with organic revenue in the third quarter slightly ahead of the same period a year earlier. The Birmingham based group said profitability is on track to meet market expectations to March 31st 2013 and it is opti
Read moreThursday Broker round-up UPDATE
15th Nov 2012 07:21
AMEC: Nomura raises target price from 1240p to 1340p, buy rating remains unchanged. Barclays Capital reduces target price from 1350p to 1320p, underweight rating kept. Atkins (WS): Investec reduces target price from 727p to 700p, hold recommendation maintained. Barr AG: UBS raises target price fro
Read moreTrifast trading gets boost from Automotive
8th Aug 2012 09:10
Mechanical fasteners maker Trifast said its Automotive business has put a bit of zip into the group's performance in the last few months. Trifast said trading since April 1st has remained consistently ahead of budget with Automotive in the UK and Mainland Europe being the predominant driver, while
Read moreTrifast leaps as profits double
19th Jun 2012 13:26
International manufacturer and distributor of industrial fastenings, Trifast, saw its share price leap on Tuesday after posting a 6.1 per cent jump in revenue and nearly a doubling of its pre-tax profits. The company also pleased investors by reintroducing a dividend payment, recommending a final
Read moreThursday tips round-up: Galliford Try, Wolseley, Iomart
2nd Jun 2011 06:48
The good times keep on rolling at Galliford Try, the housebuilder and construction company. The 103-year-old firm yesterday boasted that it had been selected as a partner on three affordable housing contracts worth a total of £584m in London, the South-east and eastern regions of England. The fact t
Read moreTrifast sees FY ahead of views
20th Apr 2011 08:31
Industrial fastenings firm Trifast said it expects profit before tax, pre-exceptionals to be ahead of current market expectations and remains confident about future trading. The East Sussex based nuts and bolts maker said buoyant trading conditions fuelled growth at the group. "Overall, as we cont
Read moreTrifast tumbles despite surging sales
16th Feb 2011 11:37
Industrial fastenings firm Trifast says it is still on course to make good progress this year despite the headwinds of increased freights costs and unfavourable exchange rate movements. The shares took a knock, however, dipping as low as 38p at one stage on Wednesday, down 8.75p on the day, before
Read moreNew FD buys M&S shares
23rd Nov 2010 16:43
New finance director Alan Stewart has bought his first shares in Marks & Spencer. Stewart, who took up his new role in October, has bought 10,000 shares at 375.44p each - a total cost of £37,544. Stewart has previously been finance director of WH Smith, aircraft leasing company AWAS and Thomas Co
Read moreArden upgrades Trifast
16th Nov 2010 14:33
Trifast's interim figures have prompted house broker Arden to increase its full year profit forecast. Arden has moved its 2010-11 profit forecast from £3m to £3.5m, and its 2011-12 forecast from £3.8m to £4m. Even though trading is better than expected fasteners manufacturer and distributor Trif
Read moreWednesday tips round-up: Petra Diamonds, Minerva, Sportingbet...
22nd Sep 2010 06:58
There is no doubt that the diamond market is recovering. Full-year results from Petra Diamonds underscored that the recovery in its markets was real. The shares are trading on June 2011 earnings multiple of 17.3, falling to 10.5 next year. There are only 20 or so large diamond mines in the world an
Read moreSmall caps round-up: Mwana Africa, Goldplat, Roxi...
10th Aug 2010 10:34
Ambrian has started coverage of pan-African resources firm Mwana Africa with a 'buy' stance and risked net asset value of 30p a share. That follows an audited resource and reserve that the company says confirms the economic viability of its plan to restart the Trojan mine. Now that the report is c
Read moreBarton adds to C&W Worldwide stake
20th Jul 2010 16:36
Cable & Wireless Worldwide's deputy chairman has taken advantage of the share price slump following the telecoms services provider's profit warning. John Barton and his wife Anne have each bought 25,000 shares at 69.2p each. The total investment was £34,600. He bought 50,000 shares in March at 9
Read moreTrifast reduces FY losses
16th Jun 2010 07:40
Industrial fastener and components group Trifast said it reduced full year losses by 75% as it outlined several board changes. The group posted a pre-tax loss of £2.8m in the year ended 31 March 2010 compared to a loss of just under £11m the year before. Revenue for the year fell to £85.94m from £1
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