Wednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read moreXP Power Chairman sells 50,000 shares after bullish update
11th Oct 2013 16:14
XP Power's Chairman, Larry Tracey, on Friday sold 50,000 shares in the manufacturer of electronic equipment components after it issued a bullish update on trading. Tracey disposed of the shares at 1,500p each, leaving him with 1.23m shares and a 6.38% stake in the group. The company reported that
Read moreTT Electronics profit slips, upbeat outlook
20th Aug 2013 08:02
TT electronics revealed weaker pre-tax profit for the half year but said recent trading had been encouraging. Profit before taxation fell to £8.9 from £11.0m for the six months ended June 30th. Revenue increased to £261.0m from £247.2m. Operating profit was hit by reduced sales in Components and
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreTT electronics to meet full-year forecasts
9th May 2013 13:22
TT electronics said it was on track to meet annual expectations as the company made a good start to the year with a sales increase of 2.5 per cent on a constant currency basis. The group - which supplies technology to manufacturers - reported strong trading results in the four months to April, dri
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
Read moreTT electronics reports decline in revenues and profits
14th Mar 2013 09:43
TT electronics said a challenging market environment lead to a drop in annual revenue and pre-tax profit. The provider of technology solutions to manufacturers posted a 6.4% fall in 2012 revenue of £476m and a 12.7% decline in pre-tax profit of £26.7m. Nevertheless, the group raised its dividend b
Read moreTT Electronics trims full year guidance
30th Oct 2012 10:33
TT Electronics, the components, sensors and integrated manufacturing services provider, managed the unusual feat of issuing a mild profit warning and seeing its share price rise. The group said global market conditions continued to deteriorate in recent weeks, with order intake slowing down and som
Read moreWeek Ahead: AG Barr, Aberdeen Asset, TUI
21st Sep 2012 08:09
Results from Irn-Bru maker AG Barr are due out on Monday, raising hopes that there may soon be an announcement regarding the Scottish firm's plans to take over its larger Chelmsford-based rival, Britvic. Panmure Gordon reckons the firm's interim results are likely to be overshadowed by the merger
Read moreTT Electronics non-exec doubles stake
30th Aug 2012 16:19
Stephen King, an Independent Non-executive Director of electronic component and sensor technology firm TT Electronics, has doubled his stake in the company with the purchase of 50,000 shares. King, who joined TT in October last year, handed over £74,125 for the shares, which he purchased for 148.2
Read moreTT Electronics sales hit by 'difficult market'
22nd Aug 2012 07:43
Shares of electronic component and sensor technology firm TT Electronics plummeted on Wednesday after it revealed that first-half revenues slipped on the back of tough market conditions. The Surrey-based group, which supplies electronic components to manufacturers in the automotive, defence, aerosp
Read moreFlat start to the year for TT
15th May 2012 13:58
Global electronic components supplier TT Electronics said sales in the first four months of the year (at constant exchange rates) were on a par with last year. The group counted this as a good result, given the sharp increase in orders in 2011 following the Japanese earthquake. Order receipts hav
Read moreSector movers: Electricals rise, while ex-div stocks drag pharmaceuticals lower
15th Feb 2012 16:09
The full-year results from industrial materials maker Morgan Crucible were received well on Wednesday, helping to push the electronic and electrical equipment sector higher. Morgan Crucible saw record revenues and operating profit in 2011, with the group making rapid progress towards the attainment
Read moreSector movers: SSE falls as EDF cuts gas prices
11th Jan 2012 15:35
UK-listed electricity stocks were providing a drag today, after French utilities giant Electricite de France announced that it would reduce gas bills from its UK arm. Gas and electricity giant SSE, the nation's second-largest energy supplier, was among the worst performers of the day on the FTSE 10
Read moreWednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read more