Tyman sells steel reinforcer unit for £7.25m
7th Sep 2015 10:29
(ShareCast News) - Tyman's UK and Ireland division, ERA, has sold its steel reinforcer business, EWS, to Arc Specialist Engineering for a net cash consideration of around £7.25m. The company, which supplies components to the door and window industry, said the disposal is in line with its strategy of
Read moreTyman lifts dividend as profit soars
10th Mar 2015 11:03
Building products supplier Tyman said strong performances across its two largest divisions drove its annual pre-tax profit up in 2014. The group said annual pre-tax profit soared from £0.8m to £11.9m, while revenue rose 17.7% to £350.9m and underlying profit before tax grew 45.6% to £41.6m. "2014 h
Read moreFriday broker round-up UPDATE
8th Aug 2014 10:19
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation. AMEC: Credit Suisse reduces target price from 1250p to 1150p retaining a neutral rating. Nomura reduces target price from 1450p to 1250p staying with its buy recommendation. UBS cuts targe
Read moreThursday broker round-up UPDATE
13th Mar 2014 09:07
Advanced Medical Solutions: FinnCap ups target price from 75p to 114p retaining its hold recommendation. Antofagasta: Investec cuts target price from 764p to 753p and retains a sell recommendation. Barclays: Numis shifts target price from 274p to 280p upgrading from hold to add. BBA Aviation: JP
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreSector movers: Tyman results give construction stocks a lift
11th Mar 2014 15:20
Building products firm Tyman gave the construction and materials sector a big boost on Tuesday after the company impressed with its 2013 results. Tyman hiked its dividend by a third after it swung to a profit last year, helped by the acquisition of Truth Hardware and improving construction markets
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreTyman swings to full-year profit after Truth deal
11th Mar 2014 07:55
Building products firm Tyman hiked its dividend by a third after it swung to a profit in 2013, helped by last year's acquisition of Truth Hardware and improving construction markets in the UK and US. The final dividend per share (DPS) was 4.5p, which together with an interim DPS of 1.5p took the fu
Read moreTyman acquires Brazilian weather-seal maker
26th Feb 2014 15:47
Tyman, which supplies door and window components, on Wednesday announced that its international division, Schlegel, has completed the acquisition of Vedasil Brasil, a supplier of weather-seals. The firm, which was set up in 1978, manufactures and supplies PVC extruded seals along with other seal a
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreTyman edges closer to acquiring Truth Hardware
28th Jun 2013 11:10
AIM-listed building group Tyman has reported that completion of the acquisition of windows firm Truth Hardware is expected to occur in early July. In an update issued on Friday, the company said that the Antitrust Division of the United States Department of Justice (DOJ) has informed Tyman that it
Read moreSunday tips round-up: BP, Direct Line, Tyman
5th May 2013 16:00
BP's first quarter results beat analysts' expectations by 35 per cent driven by strong trading, lower costs and production of higher-margin barrels. Production will be a major driver of future growth, according to The Sunday Telegraph's Questor. Total oil production is forecast to rise more strongly
Read more