Broker tips: Rio Tinto, WPP, TT Electronics
20th Aug 2009 13:01
Interim results from Rio Tinto came in slightly below market expectations but Jonathan Jackson, head of Equities at Killik & Co, believes that the group is broadly delivering on a number of commitments made at the end of last year, particularly in the area of debt reduction. The overall tone of the
Read moreBroker snap: TT to break even this year
20th Aug 2009 09:29
House broker KBC Peel Hunt has upgraded its 2010 earnings estimates for TT Electronics after the sensor and electronic component technology firm announced interim results that were ahead of expectations. ‘We are upgrading our 2010E PBT by £4.5m to £6.9m as additional cost savings are realised next
Read moreThursday preview: SIG, TT Electronics
19th Aug 2009 17:05
The share price of SIG, the supplier of construction products, has been slowly picking itself up off the floor after the company's profit warning in June and tomorrow's interim results should show whether the recovery has been justified. The group said on 18 June that volumes had remained subdued a
Read moreSmall caps round-up: MediaZest, Reneuron, Atlantic Coal...
30th Jun 2009 09:00
Display advertising and screens provider Mediazest's pre-tax profits slide in the year as administrative expenses were too high, prompting the firm to undertake further cost cutting measures. The group also said first half of 2009 has seen a drop in activity as a consequence of the economic downt
Read moreLondon open: Footsie up despite M&S disappointment
19th May 2009 08:48
Footsie has built on yesterday's gains as traders wade through the continuing stream of company results. Marks & Spencer has fallen sharply after it revealed a final dividend cut of a third after the clothes and food retailer saw a sharp drop in pre-tax profits to £706.2m from £1.13bn. M&S said it
Read moreWeak demand continues at TT Electronics
13th May 2009 08:33
Sensor and electronic components firm TT Electronics said 'significant weakening in customer demand' continued in January and February as the global economic recession severely affected most of its major markets. "Although there is as yet no evidence of an improvement in our key markets, overall t
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